This is a great article from Zerohedge that dovetails nicely with my last Substack, writes Joe Lange on Spitballers.
This guy Nouriel Roubini is someone to always pay attention to.
‘But Nouriel Roubini, the chief economist at Atlas Capital Team, suggests that the global financial system will grapple with a “bipolar” currency regime that “will eventually replace the unipolar one.”
Writing in a Financial Times column last month, Roubini purported that the international economy is being fractured by American and Chinese influence. Although some experts aver that China’s rigid currency controls would prevent the yuan from ever surpassing the buck, Roubini believes the U.S. maintains its own unattractive features “among foes and relative friends.”
“These include financial sanctions against its rivals, restrictions to inward investment in many national security-sensitive sectors and firms, and even secondary sanctions against friends who violate the primary ones,” Roubini wrote.’
https://www.zerohedge.com/geopolitical/russia-reducing-dollar-dependence-relying-chinese-yuan
