Thanks to Washington’s Abuse of the Reserve Currency Role, the Dollar Is on Its Way Out
Paul Craig Roberts- As the dollar declines, so does Washington’s power.
As the dollar declines, so does Washington’s power.
The De-Dollarization discussion suffers from holdover thinking that a reserve currency is needed. No reserve currency is needed. Countries can settle their trade balances in their own currencies or contracts can specify the currencies of trade transactions. Countries with low inflation and low debt will have stronger currencies than countries with high inflation and debt.
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