Deepin Moments: The Biggest Debtor Leaves the US, Japan Dumps Over $100 Billion


Deepin Moments
Oct 30, 2022

For so many years since World War II, the U.S. has been using its strength and influence to gradually build up its hegemonic position of the U.S. dollar, giving itself a dominant position in the global payment market and reserve currency.

But as the world economic and political landscape develops and changes, the U.S. hegemonic approach in the world is being resisted and resented by more and more countries, which will have a major impact on the dollar.

This year, the Federal Reserve has continued to raise interest rates, the United States is benefiting from the cyclical flow of U.S. dollar capital in the world has increased the risk of global market shocks, which many small countries are therefore unable to withstand the outbreak of debt crisis, Sri Lanka is one of them.Show less


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