The US's Rejection of the System

I think that in the 90 days, US inflation is going to be 3.5% and I fear for the following you. You get supply dislocations, but persistency inflation is persistent higher rates of price increases requires a persistent expansion if you were on the monetary base or the credit base. So it would be a fundamental change because the dollar doesn't just circulate inside the US as we know it circulates globally. And if you close the US financial account, all those dollars circulating globally become stranded assets in my abilities. In order for it to function, you need access to US domestic dollar liquidity,. That's why the Fed had to do the swap lines.