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Special Edition: De-Dollarisation and the New Monetary Order

Multipolarity

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The End of the US Dollar System

From 1998 to 2008, the new paper-based system goes into overdrive. The imbalances become completely grotesque and causality is basically like you say. This culminates in the largest current account deficit that the US has ever seen in about 2008. And this brings us up to the moment that the whole thing starts to fall apart, and that's 2008,.

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