How will dedollarization affect US allies? (such as EU and Japan)
How will dedollarization affect US allies? (such as EU and Japan)
We already know it will fuck up the U.S. economy. How badly will this affect their allies as well?
Bonus: What are other possible geopolitical effects from this?
Depending on how many dollars they hold when the inflationary bag comes due, they will get wrecked pretty badly. The United States has managed to offshore most of its inflation onto the rest of the world for years and years. And when that reverses, we are going to have mega inflation like Argentina. Personally, I'm getting out of the US dollar right now while there are still suckers who will take it.
By the looks of things so far, the US is deadset on dragging the rest of its puppets down with it. So I'd say- things don't look good for the "international community" (and good riddance, even as someone who lives in one such imperial core myself)