Repeat after me …“I Will not be exit liquidity!”Being someone’s exit liquidity means you’re one of those schmucks who is buying or holding when the smart or connected folks are selling. In the context of this essay, exit liquidity refers to the unfortunate plebes who have been – and continue to be – on the losing side of the economic arrangement that is the US dollar’s reserve currency status. The debate over whether the USD can be replaced as the global reserve currency is a heated one. Take note – trapped Asian capital is the exit liquidity that pays the price for over indebtedness (since it experiences financial repression and little to no growth). Following the financial crisis, the global South decided it had had enough of being exit liquidity for Pax Americana and started saving in gold rather than treasuries.