I think Vembu’s diagnosis is spot on ! IMHO, It’s basically 4 major structural weaknesses that got built by the USA into the post-war Bretton Woods global monetary architecture whose pillars were : (a) the Petro-dollar arrangements and (b) the SWIFT payment system for all trade transactions and capital flows (3) the abandonment of GoldContinue reading “Why I think Sridhar Vembu Diagnosis is spot on about “economic enema” Trump is administering on America”
Tag Archives: Breton Woods
The wars that America regrets are still remembered … but the war America does not regret, long forgotten!
This is such a revealing and insightful chart indeed! America, make no mistake about it, has had a hand in either instigating, leading or orchestrating almost all wars fought in the world in both the 20th and 21st century so far … And given so many of the present potentially tinderbox-hotspots of geopolitical tension thatContinue reading “The wars that America regrets are still remembered … but the war America does not regret, long forgotten!”