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%70 of GLOBAL GDP rests on the dollar! Crazy!

  • pjlb
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1 year 7 months ago #1 by pjlb
Heard this figure on another one of my RSS subscriptions: macromarketmusings.blogspot.com/2017/05/...-robot-monetary.html

That's incredible. The BIS acknowledged roughly %60 of all Forex volume includes $USD, so %70 global GDP resting on $USD makes sense. The Fed is de facto setting monetary policy for a majority of the world population.

The current narrative in the US is "normalization", yet as the ECB + JCB and most other nations rely on QE and ZIRP to keep their economies from imploding.. and the Fed is insistent on strengthening the dollar.. Seems like something will break somewhere.

I for one can't believe this is by accident. Globalists are ruthless. The motivation to tie international trade under a single ruleset makes great sense from an economic/trade perspective. Knowing how proud/selfish nationalities can be, perhaps crushing them with irrepayable loans/debt to the point they have no choice but to accept sanctions is the only way to bring about true equanimity in global trade.

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