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two points with which I disagree; first, the dollar as international currency is not an "exorbitant privilege" (see Michael Pettis); (2) the Fed is not (under Powell) "a globalist institution"; it was under Yellon. But the shift from LIBOR to SOFR and draining the world of Eurodollars ; ie from London to NY is not "globalist" (see Tom Luongo)

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