Welcome to the Dollar War — the global battle that will decide the fate of America's economy
The global economic order as we know it will end with Operation Sandman.
"I think we live in a conspiratorial time," Eurasia's Brew said."There's an abiding interest in certain online communities in the idea that the global economy — and specifically the world of fiat currency — is teetering on the brink of some kind of systemic collapse."Despite the crackpot inclinations of Operation Sandman's biggest fans, they do get one thing right: There's clear evidence the world is de-dollarizing.
It's an interesting line of thinking. Why shouldn't the financial world resemble something closer to the mosaic of cultures, politics, and nations that exists today? Naturally, it's something other world powers, such as Russia and China, would want.
There are plenty of other threats to the dollar too: digital currencies, unexpected backlash to US sanctions, even the Fed. Josh Lipsky, the senior director at the Atlantic Council, said that the Fed's aggressive interest-rate hikes over the past year and a half have widened the gap in exchange rates between many developing nations and the US. As a result, other countries' debt gets more expensive.
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