Check out this article on Bloomberg. He also mentions the vulnerability of the Dollar’s reserve currency status, although he continue to toe the party line that there is no alternative to the dollar in the near future. To hear someone as high up in the financial elite as Zoellick discuss these issues and dampen the celebration of the economic “green shoots” is indicative of just how deep the shit we are in truly is.
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President of the World Bank Refers to Fiscal Stimuli as a “Sugar High”
Check out this article on Bloomberg. He also mentions the vulnerability of the Dollar’s reserve currency status, although he continue to toe the party line that there is no alternative to the dollar in the near future. To hear someone as high up in the financial elite as Zoellick discuss these issues and dampen the celebration of the economic “green shoots” is indicative of just how deep the shit we are in truly is.
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