The House Financial Services Committee just held a meeting around a month ago discussing the very real global trend of dedollarization and how the US can mitigate or even reverse the trend. Keep in mind that this committee is responsible for overseeing the Federal Reserve and Treasury, so it was a pretty high-level meeting.
Decades are definitely happening right now. A lot of what already happened isn’t obvious to everyone yet, but it’s going to be increasingly difficult to deny going forward.
First that CIA guy, now Yellen. I’m shocked to find there are two observant voices already. It’ll be interesting to see which truth becomes mainstream first—that the Ukraine war is unwinnable or that the US’s dog days are over.
The fact that Ukraine is actually starting to act as a negative advertisement for US weapons is likely precisely the reason why the NATO summit was so cool on Ukraine.
I expect over the months, zelensky will go havoc on NATO for “its declining support for ukraine’s defensive war”, despite NATO clearly suffering from shortages, zelensky won’t buy this. Which then will elicit a response from some NATOheads saying something similar to ben wallace “Be grateful for the stuff we provide you”. Over time support will dwindle, zelesnky becomes more mad, up until the rift between NATO and ukraine becomes too great there might be a chance of NATO cutting their support right there and then by the end of the year.
Could be both at the same time. They might just blame Ukraine for de-dollarisation. (As in, scapegoat the country for it, not their own actions. They would never do that.)
The House Financial Services Committee just held a meeting around a month ago discussing the very real global trend of dedollarization and how the US can mitigate or even reverse the trend. Keep in mind that this committee is responsible for overseeing the Federal Reserve and Treasury, so it was a pretty high-level meeting.
https://www.youtube.com/watch?v=94YZ9TKFOac
It’s increasingly clear that they’re starting to understand the scope of the problem, but they’re just trying to keep a lid on it to avert panic.
The big question that nobody’s asking: is this a summer where decades will happen?
Decades are definitely happening right now. A lot of what already happened isn’t obvious to everyone yet, but it’s going to be increasingly difficult to deny going forward.
First that CIA guy, now Yellen. I’m shocked to find there are two observant voices already. It’ll be interesting to see which truth becomes mainstream first—that the Ukraine war is unwinnable or that the US’s dog days are over.
I expect they’ll throw Ukraine under the bus first, likely in the next few months as the tap runs dry.
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The fact that Ukraine is actually starting to act as a negative advertisement for US weapons is likely precisely the reason why the NATO summit was so cool on Ukraine.
I expect over the months, zelensky will go havoc on NATO for “its declining support for ukraine’s defensive war”, despite NATO clearly suffering from shortages, zelensky won’t buy this. Which then will elicit a response from some NATOheads saying something similar to ben wallace “Be grateful for the stuff we provide you”. Over time support will dwindle, zelesnky becomes more mad, up until the rift between NATO and ukraine becomes too great there might be a chance of NATO cutting their support right there and then by the end of the year.
Could be both at the same time. They might just blame Ukraine for de-dollarisation. (As in, scapegoat the country for it, not their own actions. They would never do that.)
That would do the trick.