De-dollarization: The unwinding of fake value in Software and Finance

The tech and finance layoffs are symptoms of changes in the global monetary arrangements. Central banks are actively diversifying away from US Dollar reserves and moving directly into physical Gold.

            Official World Gold Council Research reveals that global central banks have accumulated an average of roughly 1,000 tonnes of gold annually over the past four years, effectively doubling their annual accumulation rate compared to the 500 tonne average of the preceding decade.
        

For over a decade, the technology sector was artificially sustained by freely printed fiat dollars available at historic, near zero interest rates. This pool of free liquidity inflated corporate valuations and funded massive, unsustainable engineering headcounts based on virtually interest free debt. This era has ended.

As global interest rates aggressively rise, the supply of cheap funding has evaporated. Western banking venture ecosystems can no longer rely on zero cost credit to fund unprofitable software companies.

The ongoing layoffs across the software and financial sectors are not cyclical corrections or temporary adjustments for AI efficiency. They represent hard economic realities driven by the structural decline of US Dollar as the world's reserve currency.

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