China builds global alternative as US-led financial order decays
Geopolitical Economy Report
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The Balance of Payments of the Five Eyes
The U.S. has a large trade deficit with most of the world, says Peter Bergen. This is partly due to the role of the US dollar and other European currencies in the international financial system. But these privileges are also in danger of disappearing as de-dollarization takes hold, writes Bergen. "It's a change that poses an enormous challenge enormous challenge for the United States"
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