KEY POINTS
While de-dollarization is not exactly a new phenomenon, the narrative has changed.
De-dollarization in ASEAN is expected to pick up pace, according to the Bank of America.
Some Asian economies have the greatest potential to repatriate their foreign earnings or assets back to their local currencies.
This will have far larger long term consequences than most people realize. This could cripple our economy if the dollar loses reserve currency status.
Do you mean reserve currency status? There’s no changing the fact the dollar is a fiat currency.
Thanks. Had terms reversed in my head.
Either that or the project 2025 crippling
Won’t matter. Once the world has lost faith in the US currency, it’s going to take a really long time for the trust to be built. If America can change their tactics as dramatically as they have this year, and then go back and forth every fourth year, the world won’t have it.