摩根士丹利邢自强：法币体系遇侵蚀，战略资产受青睐

Core Viewpoint - The fiat currency system, particularly represented by the US dollar, is experiencing credit erosion, leading to a depreciation trend against other assets [1] Group 1: Market Trends - Strategic assets such as energy and precious metals are gaining more market favor compared to fiat currencies [1] - Non-traditional fiat system assets are also becoming increasingly attractive to investors [1]