For the record, this has more to do with Argentine financial mismanagement and China’s “expansive” fiscal policy than with the dedollarization that the headline is trying to imply.
The reality is that US raising rates creates problems for countries like Argentina which makes repaying their foreign debt more expensive. In the end it, the drive for dedollarization is that it provides countries with a way out of the exploitative credit system US created via IMF and the dollar hegemony.
Mismanagement? Fuckk, you yanks fuck us up through the IMF. We are debt trapped in another of the US economic games. It IS related to dedolarisation because the dolar as the internstional currency causes this type of issues in explouted nations. There is a reason why us and my Brasilian brothers are doing it, us being the two biggest economies in Southamerica.
Good luck with being debt trapped to China.
Do some research before projecting.
Or you could just start using Bitcoin for international trade. No having to trust a specific country to responsibly manage your currency. Send money anywhere instantly with 99.9% uptime, much lower fees than banks/swift/etc, 365 days a year, etc.
Sure. The wild fluctuations in value and the lack of liquidity are just minor issues that anyone running a billion-dollar industrial operation should be able to overcome easily.
