Enjoyed the interview. The problem is that the US does not consider any long term repercussion of its actions, be it military or economic. It is walking with eyes closed into de-dollarization by the stupid seizing of sovereign bank reserves. I have lost all respect for Yellen. She is an economic PhD and knows exactly what will happen but she toes the party line and pretend to be an ignoramus.
There is a wisdom. Never interrupt the enemy when they are making mistakes. China is not passive, just efficient.
Enjoyed the interview. The problem is that the US does not consider any long term repercussion of its actions, be it military or economic. It is walking with eyes closed into de-dollarization by the stupid seizing of sovereign bank reserves. I have lost all respect for Yellen. She is an economic PhD and knows exactly what will happen but she toes the party line and pretend to be an ignoramus.