De-dollarization is about more than currencies: As dollar system declines, what comes next?
Geopolitical Economy Report
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The Federal Reserve's Problem With the Dollarized System
If interest rates were to rise, then the banks would become insolvent because the value of stocks or bonds is discounted by the exchange rate. The $9 trillion that Radik has just mentioned is all is the insolvency of the bank. So the system has reached an insolvable crisis. It's a quandary. There's nothing the Federal Reserve can do."
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