The Fed initiated a transition from LIBOR to SOFR (Secured Overnight Financing Rate) approximately 10 years ago specifically to increase US control over the offshore dollar market.
causalpending
Evidence Quote
“they started the process of transforming liore into suur because sof is something that is a domestic program um and that the FED has more direct control over”
Source
The Realpolitik of Global Hegemony and USD Swap Lines— Brent Johnson Milkshakes Pod | Investing • FinanceCreated: 8/11/2026, 7:07:50 AM
My Notes
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