If USA drop China for any reason from swift, even if China went on full rogue and invade Taiwan Korea or what ever reason, anything at all. We are looking at probably over 9000% usd interest rate for a long time. The amount of confident the world lost in usa is pretty much non refundable.
inflation was transitiory, until USA sanction Russia and drop them from swift. The world lost confidence in usd, and that’s why the fed went on a fast interest hike.
One aspect of inflation is supply and demand, one aspect is interest rate, and another aspect is world confidence in your currency. USA can be the biggest economy, if the world lose trust in USA, usd might as well be as valuable as zambawave dollara.
inflation was transitiory, until USA sanction Russia and drop them from swift. The world lost confidence in usd, and that’s why the fed went on a fast interest hike.
One aspect of inflation is supply and demand, one aspect is interest rate, and another aspect is world confidence in your currency. USA can be the biggest economy, if the world lose trust in USA, usd might as well be as valuable as zambawave dollara.