De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says
De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says
The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen.
You're viewing a single thread.
As dedollarization advnces, what are the geopolitical effects going to be?
Increased US sponsored terrorism to strong arm countries, coup unaligned countries and prop up pro-US puppets (see Milei or Noboa) to keep dollar influence and force them to take anti-China stances.
I think one big effect is going to be US economy shrinking, and with that we'll see US ability to project power fade as well. I expect this will be a self reinforcing phenomenon, because the weaker US becomes the more countries will slip out from under its thumb.
The US will continue its strategy of drawing a big line between "good" countries and "bad" countries. Then it will eat the "good" countries while projecting blame at the "bad" countries.