this post was submitted on 01 May 2024
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De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says (www.bloomberg.com)
submitted 3 months ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 3 months ago (1 children)

Me too, I just hope to see the USD dethroned during my lifetime. If Michael Hudson is right, the entire US military machine that runs on the fact USD is the global reserve currency, would crumble with it.

[–] [email protected] 2 points 3 months ago

I do think he's correct there. The ability to issue unlimited currency is premised on constant demand for the dollar. Once that demand starts dropping, then dollar based economy starts shrinking.