Why the Dollar-based International System Is Breaking Up

Paul Craig Roberts- The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets.

The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets.  This frightens depositors and they withdraw their deposits.  

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https://thealtworld.com/paul_craig_roberts/why-the-dollar-based-international-system-is-breaking-up