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Strategies & Market Trends : The coming US dollar crisis
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Broken_Clock
marcher
To: Broken_Clock who wrote (66641)2/11/2022 6:00:19 PM
From: ggersh2 Recommendations   of 71424
 
american elite stupidity provides for one own goal after another
not only have they lost the plot they've jumped the shark

U.S. demands are driving its allies out of the dollar-NATO trade and monetary orbit

As in a classical Greek tragedy, U.S. foreign policy is bringing about precisely the outcome that it most fears. Overplaying their hand with their own NATO allies, U.S. diplomats are bringing about Kissinger’s nightmare scenario, driving Russia and China together. While America’s allies are told to bear the costs of U.S. sanctions, Russia and China are benefiting by being obliged to diversify and make their own economies independent of reliance on U.S. suppliers of food and other basic needs. Above all, these two countries are creating their own de-dollarized credit and bank-clearing systems, and holding their international monetary reserves in the form of gold, euros and each other’s currencies to conduct their mutual trade and investment.
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