🇺🇸🇨🇳⚡️According to Zoltan Pozsar, since the end of the Cold War, the world has been operating under a unipolar system, with the US as the undisputed hegemon, globalization as the foundation of the economic order & the #dollar as the primary currency.
1/5
ft.com/content/3e05b4…
1/5
ft.com/content/3e05b4…
However, today's geopolitical realities are again giving rise to a whole series of enormous challenges for the existing world order. This means that investors must take into account the new risks.
2/5
2/5
China is laying the foundations for a new type of globalization through institutions such as the "One Belt, One Road" initiative, the BRICS+ group of developing economies, and the SCO, which is an alliance of 8 states designed to ensure collective security.
3/5
3/5
If we move from a unipolar to a multipolar world and if the G-20 splits into several camps—the G7 plus Australia, the BRICS+ countries, and countries that have not joined any blocks—these divisions will inevitably have a strong impact on the international monetary system.
4/5
4/5
These risks are exacerbated by the growing macroeconomic imbalance in the United States.
5/5
5/5
• • •
Missing some Tweet in this thread? You can try to
force a refresh
