De-dollarization isn't de-USD-ization, it's de-UST-ization.
Less demand to hold Treasuries -> Fed has to print to fund USG -> those who owe dollars are able to pick them up cheaply.
De-dollarization isn't de-USD-ization, it's de-UST-ization.
Less demand to hold Treasuries -> Fed has to print to fund USG -> those who owe dollars are able to pick them up cheaply.
Take on all the fixed interest debt you can possibly serve