Yellen Shrugs As India’s Oil Deals With Russia Threaten Petrodollar Dominance

Remember when Janet Yellen exclaimed proudly that there would never be another financial crisis “in our lifetimes” in 2017, only to see the repo crisis and the reaction to COVID lockdown policies prompt the biggest response by The Fed ever. Well, we hate to say it but she may have just ‘cursed’ something even more ominous this time, saying, when asked for comment about the increase in non-dollar trade around the world since US sanctions began: “I