Yup. It’s not just China. Countries are slowly divesting from the United States and it’s only going to accelerate as time goes on. Once 51% of the world currency leaves the US the remaining 49% will disappear over night.
Exactly, it’s a self reinforcing process with more countries fleeing the currency as confidence collapses. And having a global reserve underpins the US fiscal policy, if the demand for the dollar drops dramatically then it’s almost certainly will lead to a domestic economic crash.
Yup. It’s not just China. Countries are slowly divesting from the United States and it’s only going to accelerate as time goes on. Once 51% of the world currency leaves the US the remaining 49% will disappear over night.
Exactly, it’s a self reinforcing process with more countries fleeing the currency as confidence collapses. And having a global reserve underpins the US fiscal policy, if the demand for the dollar drops dramatically then it’s almost certainly will lead to a domestic economic crash.