4 ms·
> to face the consequences of no longer being the world's reserve currency, and the failure of the petrodollar. Meh. While it definitely has upsides, it also h
by pas 5y ago
> to face the consequences of no longer being the world's reserve currency, and the failure of the petrodollar.
Meh. While it definitely has upsides, it also has a big downside too. It pushes purchasing power of US consumers down.
https://www.phenomenalworld.org/analysis/the-class-politics-of-the-dollar-system/ https://www.phenomenalworld.org/analysis/the-class-politics-...