I think the next financial crisis is going to trigger total dedollarization. The US has already set themselves up with their trade war bullshit and sanctions regimes, but as soon as getting dollars becomes difficult the rest of the world is going to dump them immediately.
The US has definitely set itself up for that. For all the shortterm things it got that it wanted out of the Ukraine proxy war, i think that’s a major self inflicted consequence that they’ve followed up on with trade war bullshit like you said. Yeah the next 08 level crisis could very well lead to that
I think the next financial crisis is going to trigger total dedollarization. The US has already set themselves up with their trade war bullshit and sanctions regimes, but as soon as getting dollars becomes difficult the rest of the world is going to dump them immediately.
The US has definitely set itself up for that. For all the shortterm things it got that it wanted out of the Ukraine proxy war, i think that’s a major self inflicted consequence that they’ve followed up on with trade war bullshit like you said. Yeah the next 08 level crisis could very well lead to that