MacroVoices #315 Joseph Wang: Post-FOMC Rundown
Macro Voices
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Is the US Going to Cancel Our Reserves?
The world runs on dollars. The united states got to cancel anybody's foreign exchange reserves if they're upset with them. What we're in globaly is a world wide weaponisation of the banking system. If you think that this is weaponized, then fundamentally, what you thought was risk free is no longer risk free. So i think this has tremendous damage to the banking system, but i'm not sure that it spells the demise af the us Dollar.
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