Addiction to the US Dollar
Monday, June 5, 2023
Politicians and central bankers in various countries are making increasingly strong efforts to dismantle the unfair dominance of the US dollar.
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FINALLY, politicians in the United States have managed to break the impasse over the government’s debt limit. Last week, President Joe Biden signed a new law allowing the US government to increase its debt and avoid default, saving the global financial markets from chaos.
Despite the relief in the market, there is a lingering sense of bitterness. There is also an irony. The value of financial assets around the world has fluctuated wildly f
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