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The Age of Oil

The Active Share

CHAPTER

The Decline of US Financial Power

There is an argument that actually we've seen peak US financial power. The sanctions applied to Russia may turn out to have some negative unintended consequences which is the push to de-dollarize. Is that a good situation for the US in the US? I'm not really yet convinced of that but it would have to be like in March 2020 as you said were the entire world was dependent upon how the Fed reacted at that moment. And I would say that if we had a repetition of such a financial crisis, I think exactly the same thing would happen.

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