I think what worries the u.s. base power structure the most is Russia and Europe becoming even more entwined economically and in consequence politically.
I think Russia is more European than North American; geographically, historically, and culturally.
All major central banks have been printing money, I mean "easing". The Fed, ECB, BOJ, and PBOC are growing their balance sheet in sync. It doesn't require reserve currency status.
I think what worries the u.s. base power structure the most is Russia and Europe becoming even more entwined economically and in consequence politically.
I think Russia is more European than North American; geographically, historically, and culturally.
All major central banks have been printing money, I mean "easing". The Fed, ECB, BOJ, and PBOC are growing their balance sheet in sync. It doesn't require reserve currency status.
https://www.fxstreet.com/analysis/feds-balance-sheet-vs-the-ecbs-balance-sheet-whos-winning-the-race-202111291429