The dollar's reserve role is the most consequential economic asset the United States has owned since 1944. It was always a counterparty trade conditional on specific institutional terms.
Just WOW! Bryan. I was in Davos in 2008 when the subject of the dollar’s role in the world came up as a question…will it continue? Everyone scoffed at the idea. Not anymore…
Just WOW! Bryan. I was in Davos in 2008 when the subject of the dollar’s role in the world came up as a question…will it continue? Everyone scoffed at the idea. Not anymore…
And then there is the Seneca Effect shown throughout history... https://senecaeffect.substack.com/p/50-years-of-world-models-collapse
How do you see this with what Max, from UNFTR, lays out as the play with Warsh & the Fed?
https://youtu.be/KK4qxlVtG3g