Part 11/15:
Furthermore, the reliance on the fossil fuel industry sustains demand for dollars, but rising efforts in Europe and China to reduce fossil fuel dependence are seen as attempts to weaken US currency influence. However, until the EU and China resolve core issues like capital restrictions and market fragmentation, the dollar’s supremacy remains unchallenged.
The conference also highlighted concerns about the US’s internal economic stability, with discussions on inflation, migration, labor markets, and the risks posed by private equity firms like BlackRock and their attempts to push private investment solutions amidst a looming debt crisis.