People should familiarize themselves with Eurodollars: https://m.youtube.com/watch?v=ye8dbEmBimg&pp=ygUKRXVyb2RvbGxhcg%3D%3D https://m.youtube.com/watch?v=ye8d

People should familiarize themselves with Eurodollars: https://m.youtube.com/watch?v=ye8dbEmBimg&pp=ygUKRXVyb2RvbGxhcg%3D%3D https://m.youtube.com/watch?v=ye8dbEmBimg&pp=ygUKRXVyb2RvbGx... Effectively, banks not in the US denote debt in dollars. The “dollars” in circulation outside the US is massively larger than the domestic supply. “de-dollarization” is not going to happen any time soon, really. They aren’t even true “dollars”, no money or assets move. They’re completely created outside the US.