YogthosThe dollar’s status as a global reserve is fading, replaced by a scissors effect where waning petrodollar demand meets surging US fiscal pressure. As the Global South pivots from paper claims to hard assets, as evidenced by Zambia’s Yuan-mining loop and India’s gold hoard, the US faces a stagflationary trap. We are entering an era where America can no longer export inflation, and must now live with it.
https://dialecticaldispatches.substack.com/p/analyzing-the-structural-decline
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