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”