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RE: LeoThread 2025-08-17 05:22

in LeoFinance2 months ago

What are we seeing there? Well, the terrible irony that hangs over the global political economy today is that at a time when the US has often tried to downplay its global leadership and adopt an American first policy, the dollar has become more, not less central to the global economy. Because not only is America the biggest economy, and not only is in many ways a dollar regarded as a key reserve currency for central banks around the world, but dollars account for a very large part of the trade finance, a grease is the world's supply chains. And what's become clear is that as these supply chains go into crisis, and as different parts of the supply chains start to default along that chain, you're starting to see a scramble for dollars that potentially is going to be extremely nasty. Because if you are an American company or if you're an American bank and you want to get access to dollars in a crisis, you can usually go to the central bank in some form. If you are in Indonesia or China or (12/43)