“So we’re seeing the end of the dollar of THE reserve currency“
Apparently what happens next is not pretty. All the trillions of dollars get sold off to US interests (no one else buys them) then find their way back to US soil and inflation goes boom. It might be a gradual proces, or catastrophic. Much is unknown.
I’m suspecting this is already happening. But slo Joe is trying to hide behind Putin.
) A U.S. central bank digital currency (CBDC) could help maintain the U.S. dollar’s status as the world’s reserve currency, said Federal Reserve Chair Jerome Powell.