Part 5/9:
A significant observation made by Johnson pertains to how businesses overseas, including those in Australia, have increasingly paid for goods in US dollars, even when transacting in goods produced in China. Such a system demonstrates the dollar's role as the dominant global trade currency, serving as a benchmark for transactions worldwide regardless of local currencies.
Johnson elaborates that in a global economy laden with debt and interconnected by trade, the rising dollar often creates significant challenges for countries heavily dependent on it, leading to broader economic repercussions.