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United Kingdom to join China in the anti-dollar alliance
In another awkward blow to the rapidly waning US-dollar hegemony, America and Britain just had their “It’s not you, it’s me” moment.
Late yesterday, the government of the United Kingdom announced that they would be applying to join the Chinese-led Asian Infrastructure Investment Bank… as a founding member.
This is huge.
Right now, the United States dominates the global financial system.
But...
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