this post was submitted on 01 May 2024
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De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says (www.bloomberg.com)
submitted 6 months ago by yogthos@lemmy.ml to c/worldnews@lemmygrad.ml
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[–] yogthos@lemmy.ml 8 points 6 months ago

I think one big effect is going to be US economy shrinking, and with that we'll see US ability to project power fade as well. I expect this will be a self reinforcing phenomenon, because the weaker US becomes the more countries will slip out from under its thumb.