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Not identified in Roach's scenario are the beneficiaries of the coming crash of the dollar. Judging by his regular criticism of U.S. trade and foreign policy in
by ilamont 6y ago
Not identified in Roach's scenario are the beneficiaries of the coming crash of the dollar. Judging by his regular criticism of U.S. trade and foreign policy in publications such as People's Daily, Global Times, and Beijing Review, that would be China.
- mytailorisrich 6y agoThe US would lose, and so would those who hold dollars or dollar debt. China would also lose. But that would weaken the dollar's position and thus lead to an increase in the use of other currencies, and in that aspect China and the EU would gain.