MacroVoices #375 Mike Green: Banking Crisis, Debt Ceiling, De-dollarization and more
Macro Voices
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The US Dollar-Centric Global Financial System
Mike Downey: We're getting closer to the point where pushback from other countries who are sick of that, they don't really have a viable alternative yet. He says China wants to export its surplus to the world and is hoping to finance that by getting people to take Chinese won. That unfortunately doesn't create the reverse demand for that Chinese won in the other direction," he says. "My senses is that we're looking at something unfortunately very similar"
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