Note that there is a difference between "de-dollarization" as replacement of the USD as the dominant global reserve currency and dollar avoidance to reduce exposure to political and economic manipulation by the US government and financial system.
Geopolitical Economy ReportUS Congress plots to save dollar dominance amid global de-dollarization rebellion
Ben Norton
Buy American, you foreigners, or your de-dollarization won't go anywhere.
ReplyDeleteOr you could send your USDs to Mike. He'll gladly take them off your hands.
The article sums it up. The US cannot win a conventional war with a real adversary, since the US military is too woke, too emasculated, too “diverse,” too corrupt, and too vaccinated.
ReplyDeleteTherefore the USA resorts to sanctions mania. The USA’s ever-increasing sanctions cause more and more nations to seek alternatives, causing more and more weakening of dollar hegemony and US strength.
Congressional members asked their guests what the USA can do to stop this. Their guests had no answers, because they are blinded by arrogance. They falsely assume that China wants to be like the USA, and “conquer the world.” When China offers win-win alternatives so that everyone profits, the USA assumes that China wants to swindle nations like the USA does, and “force” nations to use the yuan instead of the dollar, so that China can do like the USA does, and reduce nations to debt slaves.
A totally different approach for the world would be (for example) to use John Maynard Keynes’ idea of the Bancor. However the USA will not consider this. For the USA there can be no win-win. The USA must dominate or go extinct.
Hence the USA is doomed.