A study finds that the dollar being global reserve currency props up US living standards. The model in the study suggests as USD hegemony erodes, US living standards will likely fall 27%.
A study finds that the dollar being global reserve currency props up US living standards. The model in the study suggests as USD hegemony erodes, US living standards will likely fall 27%.
Analysis by Philip Pilkington
And a steep decline in living standards correlates to a rise of fascism.
Looking forward to finally meeting all of you at the camps!
Beat me to it.
Kind of feels like it already fell 27%
always more room at the bottom
Curious what is meant by "living standard" here. Because a 27% drop in HDI would be potentially catastrophic. A 27% drop in like median household income would probably be painful, but for context the median Canadian household income is roughly 27% lower than the US.
I think it's relative to the current standard of living in US.
So we're gonna go from "the toilet" to "hell"?
Cool zone imminent.
Who is ready for some hyperinflation?