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The USA has an economic crisis on its hands as well. Also USA Hegemony starts with the Dollar. That is already starting to crumble amid developing economies' s
by stuckinhell 4y ago
The USA has an economic crisis on its hands as well.
Also USA Hegemony starts with the Dollar. That is already starting to crumble amid developing economies' shift to other currencies for settlements.
Russia, India, China, Brazil, Saudi Arabia etc are all ditching the dollar for trade. They all keep dollars in reserve for trading,but now that they are ditching it, Those dollars aren't needed and will return to America causing inflation or some other crisis.
https://www.barrons.com/news/china-brazil-strike-deal-to-ditch-dollar-for-trade-8ed4e799 https://www.barrons.com/news/china-brazil-strike-deal-to-dit...
Then you have follow on effects such Saudi's decision to cut oil.
https://www.npr.org/2023/04/03/1167824124/saudi-arabia-oil-production-cuts-gas-prices-energy-markets https://www.npr.org/2023/04/03/1167824124/saudi-arabia-oil-p...