A recent House Financial Services subcommittee hearing on the dollar focused primarily on how Washington uses it to enact sanctions on countries like Russia, as well as the risks of emerging economies moving away from the dollar.
CPA believes that industrial dominance is what gives America its geopolitical might and that an over-valued dollar makes us weaker.
There is no near-term risk of the dollar losing its so-called “reserve” status in the short or medium term so long as the U.S. economy was seen as strong, Debt is reduced, and inflation is under control.
The process of de dollarization by mainly the BRICS, even partially, will impact the price of the Dollar, cause Inflation, limit the power of economical sanctions, and eventually the US geopolitical power.
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