The depreciating greenback is exporting US inflation to their economies (exactly as Bretton Woods, etc. intended). But now it is so extreme that even US dependencies can’t take it. (Thanks to Sudha Shenoy.)
11:20 am on December 3, 2007https://www.lewrockwell.com/lrc-blog/gulf-states-may-cut-link-to-dollar/
The depreciating greenback is exporting US inflation to their economies (exactly as Bretton Woods, etc. intended). But now it is so extreme that even US dependencies can’t take it. (Thanks to Sudha Shenoy.)
11:20 am on December 3, 2007