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Special Edition: Two Crystal Balls And The Death Of The Washington World Order

Multipolarity

CHAPTER

The Shift Away from US Assets

Analyzing China's reduction in holding US treasury bonds post-2008 crisis, the chapter explores the consequences of de-dollarization and the changing investment landscape affecting the stability of the US dollar. Speculative scenarios around the potential failure of the dollar system and the need for a new global system are also examined, along with parallels drawn to historical events in Russia.

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