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Untangling the Complexities of Austrian Economics with Peter St. Onge

Lead-Lag Live

00:00

The Dollarization of the World

The dollar has been slowly losing share of both international holdings and also foreigners saving money. Last year, it really took off after the US caught sanctions on the Russian Central Bank. China is pushing as hard as they can to try to knock the dollar out of trade pairs. If that happens, then you end up with three times more dollars than Americans use.

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