That’s the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US.
There’s a reason why 5 years ago BRICS was kindof a joke, but today it’s taken very seriously.
It would tank the value, which would trigger other parties to quickly do a sell-off, which would further tank the value.
It would ultimately result in a cascade effect that drops the US dollar value to unprecedented lows.
Temporarily, and not nearly as much as you’d guess.
The appetite for treasuries vastly outstrips the supply.
That’s the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US.
There’s a reason why 5 years ago BRICS was kindof a joke, but today it’s taken very seriously.