Gold, Mercantilism, and The End of Pax Americana
"This is not about de-dollarisation. This is about replacing the medium of exchange from dollars to violence.”
“Gold either forces barter trade to balance, so the end of our global system of large imbalances, or a 19th century zero-sum imperialism to force people to let you run trade surpluses.”
- Michael Every
Michael Every kind of hits the nail on the head with that key comment in this post. One major risk to dedollarization is war. Pax Americana is a real thi…