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The Rise of the Global Dollar System | Perry Mehrling

Hidden Forces

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Is the Euro Dollar a Global Public Good?

The sanctions that were just put on the Russian Central Bank came as a surprise, therefore. And so there will be an adaptation to that. Some of that adaptation will be getting, I think, not finding an alternative monetary system, but finding alternative counter parties. The United States didn't do this like on its own. Like this was really a European project to take this as far as I understand the politics of it. and the US went along with that.

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