Geopolitics
The Great Unwinding: How Norway's $80 Billion Signal Exposes the Cracks in America's Financial Empire
Norway's colossal sovereign wealth fund, along with China and Japan, is reducing its holdings of US Treasuries, signaling a profound global shift away from relying on US debt as the default safe asset. This marks a historic inflection point where the financial instruments of Western, especially American, hegemony are being questioned by the very capitals whose savings once propped it up, exposing the precarious foundations of US deficit spending and its imperial monetary order.
