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The Rise of the Global Dollar System | Perry Mehrling

Hidden Forces

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Global Capital Markets - The Evolution of the Global South

After each collapse, after the global financial crisis, what seems to have happened is that the global dollar system expanded. The emergence of the global south as borrowers in global dollar capital markets is the biggest phenomenon of the last 10 years. This is not a top-down system that is planned and managed by some cabal of Americans who aren't thinking about the rest of the world. It's much less organized than that and it's probably a good thing that it's much lessorganized.

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