The federalization of the dollar (centralization of currency control under the Federal Reserve) is a separate and earlier process than the internationalization of the dollar (its adoption for global trade).
definitionpending
Speaker
Demetri CafenasEvidence Quote
“One is the history of the dollar's internationalization...what we've been talking about so far is the history of the federalization of the dollar”
Source
Will the U.S. Dollar Survive the Breakdown of the International System? | Paul Blustein— Hidden ForcesCreated: 8/11/2026, 7:11:47 AM
My Notes
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