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Weaponizing the dollar risks duplication of Sterling's decline, study says
By Craig Stirling
Thursday, April 29, 2021
U.S. officials leveraging the dollar's dominance as a reserve currency to wield influence should heed the lessons of the Sterling area's decline, according to a newly published study.
The paper, released this month by the Centre for Economic History at Queen's University Belfast, looks at how international monetary leadership can end by chronicling the disintegration of the pound's hold on the global economy in the decades after World War II.
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Honey Badger Silver's Chad Williams
talks with Chris Marcus of Arcadia Economics
Honey Badger Silver's executive chairman, Chad Williams, tells Chris Marcus of Arcadia Economics that "inflation is here" already and that rising interest rates didn't impede gold and silver in the 1970s and won't necessarily impede them today.
Honey Badger Silver is a Canadian silver company based in Toronto that is building a portfolio of silver and other assets. The company has a big position in Ontario's prolific Thunder Bay Silver District. The company's shares trade on the TSX Venture Exchange under the symbol TUF and over the counter in the U.S. as HBEIF. The company's internet site is here:
Williams' interview with Marcus is 25 minutes long and can be viewed at YouTube here:
"In findings that should worry U.S. leaders tempted to weaponize the dollar for geostrategic gains, we find that constraints imposed on Sterling-area members accelerated exits," the authors wrote. "Just as recent U.S. efforts to sanction and exclude countries from the dollar order have accelerated efforts to find alternatives, so too did Britain's imposition of direct controls and constraints." ...
... For the remainder of the report:
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