Desperate Yankees’ “Quantitative Tightening” of Dollar Supply Attempts to Break Global Periphery

The de-dollarization movement of China, Russia, Iran and Venezuela is a threat to profits made by US capitalists by having the dollar as the world’s currency. As this article states, in the last 10 years, the supply of cheap dollars has risen for those who have borrowed in dollar currency. By making the dollar less available as a loan currency, when calling in loans of peripheral countries next year, US capitalists hope to break the movement away from the dollar, beginning with Turkey and then probably moving to Argentina.
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About Barbara MacLean

Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.

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