Oddbean new post about login | logout What are we going to do when the Global South stops buying or incurring our debt? - How US Sanctions on Russia Fueled De-Dollarization w/ Michael Hudson and Radhika Desai... https://www.youtube.com/clip/UgkxgSdAVPTWY9biqd2P33TqCZTwFM9d1slG via @YouTube
The problem comes, not just from foreigners being unwilling to buy new debt, but when they decide they no longer want to hold or use dollars. When all of those foreign holdings come home, the USD becomes almost worthless as too many dollars chase the little we still produce.
Yes very much so, and at the point they decide to invest in their infrastructure and no longer pay their dollar denominated debt, the shoe really hits the floor for us and the buck. Great informative video and much appreciated commentary in addition. Thank you, much vigilance towards some measure of peace and justice on the planet.