Is this the sign of an end to Dollar hegemony?
This is not an article written by a journalist or anti-US activist but two high profile figures one a former government body and the other a university professor.
I suggested recently that what Trump is doing is speeding up the process of an end to US and especially Dollar hegemony in the world. Here it is, I never thought the supporting arguments would come so fast and so profound like this one.
Henry J. Farrell is a professor of political science and international affairs at George Washington University. Abraham L. Newman is a professor in the School of Foreign Service and Government Department at Georgetown University.
New York Times:
By threatening to penalize Swift, the financial messaging service, the U.S. is alienating European allies and could undercut the dollar’s dominance.
By threatening to penalize Swift, the financial messaging service, the U.S. is alienating European allies and could undercut the dollar’s dominance.
Link to the full article here
