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.
The U.S. Really, Really Wants Russia to Invade Ukraine, Here's Why
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