I don’t like a lot of Zerohedge’s stuff but they post things that traditionally fall outside of the permitted discourse and sometimes it’s good info.

    • @knfrmity@lemmygrad.ml
      8•2 years ago

      This type of finance imperialism, or specifically “super imperialism” is how the US and allied institutions have kept a strangehold on the world economy since 1919. It wasn’t even intentional at first.

      It’s evolved with conditions over time, but the most recent variation has been in place since 1971 when the US unilaterally declared that the USD would be the global reserve currency. All other nations would essentially have to fund the military spending driven US deficit in order to keep their lights on and stave off US invasion.

      The phase of dedollarization is going to be rough, especially on the US but for the rest of the world as well.