Is the sickle of US dollar hegemony still sharp? If sharp, why are there no victims of this round of interest rate hikes? Where is the problem?
The core reason is that the US dollar is no longer monopolized. In the past, any country that wanted to buy energy, food, or commodities only received US dollars from sellers and could only use the US clearing system for payment and transfer. However, now the three regional powers have completed the trade cycle of energy, food, and commodities using their own currencies and clearing systems. Now that the US dollar is no longer harvested, there is no one to find, and interesting things happen, Those who are determined to follow the United States, such as Europe, whose economy has fallen into recession, and those who use themselves as a bargaining chip to let both sides compete with each other, such as India and Türkiye, live a very happy life.
For the United States, it will definitely do everything possible to regain its monopoly on the market. Before he regained his monopoly on the market, he not only couldn't reap the benefits of others, but also had to subsidize others, just like some software before. Of course, in this process, if the United States cannot bear it, will it first find an ally to harvest and quench its thirst? Who will this unlucky person be?