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.
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I think it's better to look at it in the bigger picture. We all know "Marx's Double-Edged Law"; it is being applied in action here. I think it's interesting at this point in time the capitalists of the United States are considering the sale of it's domestic steel while the E.U oligarchs are beginning to cannibalize their own assets by purchasing increasingly leveraged U.S assets under the auspice of war.
It'll be still a long time before they hit bedrock; but the stones are beginning to show.
Do you have a reference for Marx 's double edged law? That's a new concept got for me.
I'd guess Tendency of the rate of profit to fall but I'm not sure either.
Edit: after some cursory googling, I believe I'm correct.
Thank you for using your Google-fu. I appreciate it.
You are correct. That is the slang term. It sounds cooler and makes me picture Mecha-Marx.
Tendency of the rate of profit to fall from Vol 3.