How fifty years of dollar supremacy are dying with a bang, not a whimper
I’m pulling myself away from the Iran war coverage for a moment – don’t worry, the wrap-up is coming later today. But something needed saying first.
The bombs make headlines. The economic unraveling happening quietly underneath them don’t. So before we get back to the daily carnage, let’s talk about money. It used to be funny, in a rich man’s world.
The world didn’t wake up one morning and decide to distrust the dollar. It was a process. Gradually, then suddenly, as these things tend to go.
It started with Venezuela. In 2019, Caracas asked the Bank of England to return its…
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