China builds global alternative as US-led financial order decays
Geopolitical Economy Report
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The US Balance of Payments
The US dollar was how all of the world's commodity markets work from oil to raw materials to manufacturers. Now that the world trade is a multipolarizing now that countries are paying for their trade and investment with each other in their own currencies, there is no need for the dollar. The United States as a whole is just like Silicon Valley Bank, in the banks that have just gone under. There's no way that the United States can or as any intention of paying the foreign debt.
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