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How will dedollarization affect US allies? (such as EU and Japan)

We already know it will fuck up the U.S. economy. How badly will this affect their allies as well?

Bonus: What are other possible geopolitical effects from this?

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  • By the looks of things so far, the US is deadset on dragging the rest of its puppets down with it. So I'd say- things don't look good for the "international community" (and good riddance, even as someone who lives in one such imperial core myself)