5 ms·
Western economies are thoroughly capture by financiers and US dollar hegemony and in particular the petrodollar. All of these converge to push up asset prices
by Guthur 4y ago
Western economies are thoroughly capture by financiers and US dollar hegemony and in particular the petrodollar.
All of these converge to push up asset prices irrespective of actual productivity.
The world has had no option but to buy US debt and or non controlling stakes in US companies. All of this has allowed asset prices to explode while the productive economy and our standard of living has stagnated or declined.