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De-Dollarization Just Accelerated… And You Might Not Even Know About It
De-Dollarization Just Accelerated… And You Might Not Even Know About It BRICS in Nizhny Novgorod, Crickets’ Silence, Saudi Arabia, and Bridges (Away from the U.S. Dollar) This past week has been a real turning point in the de-dollarization trend we’ve been talking about in these pages. Funny enough, the media seems to be completely oblivious to most […]
How De-Dollarization is Likely to Play Out
How De-Dollarization is Likely to Play Out Much has been written in recent years about “De-dollarization” — the shift from the use of the US dollar as the “international reserve currency” in favour of more diverse bi-lateral and multi-lateral currency agreements and transactions. The current system has a long and complicated history, but its most […]
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction De-dollarization continues accelerating with news of the Shanghai Petroleum and Natural Gas Exchange (SHPGX), a Chinese-backed exchange for trading energy-related products, settling its first cross-border transaction in digital yuan. Chinese-based financial news outlet “Yicai” first reported PetroChina International bought one million barrels of crude […]
“The Last War We Can Afford To Fight”: Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin For Pissing Off World
“The Last War We Can Afford To Fight”: Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin For Pissing Off World As we’ve noted several times of late, a growing number of countries are threatening the US dollar’s status as the global reserve currency by conducting global trade without it – you know, the thing Saddam and Gaddafi threatened to do […]
BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates
BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates China and Brazil recently finalized a trade deal in their own currencies completely bypassing the dollar, but that’s not the only bad news for the world’s reserve currency. Last week, a Russian official announced that the BRICS nations are working to develop a “new currency,” […]
De-dollarization Has Begun.
De-dollarization Has Begun. Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such that shift may have been inevitable. But within the context of recent circumstances, this appears to […]
BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT
BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT ANALYSIS Brazil, Russia, India, China and South Africa, or the BRICS economic bloc, are engaging in discussions to issue cross-national digital money in order to reduce the dependence of their economies on the United States, as reported by Cointelegraph on Nov. 14. What will the […]
Rob Kirby-U.S. Dollar Rejection to Accelerate
ROB KIRBY – U.S. DOLLAR REJECTION TO ACCELERATE Returning SBTV guest, Rob Kirby of Kirby Analytics, had a though-provoking conversation with us – he questioned the ridiculousness that the US has never had a failed bond auction given the poor fundamentals of the US dollar, even as de-dollarization sentiments are accelerating. Discussed in this interview: 02:07 Fed unwinding balance […]
Russia To Reduce US Dollars In National Wealth Fund As Putin’s De-Dollarization Continues
Russia To Reduce US Dollars In National Wealth Fund As Putin’s De-Dollarization Continues Russia’s de-dollarization effort is full steam ahead, in line with President Putin’s commitment to reduce the country’s vulnerability to the continuing threat of US sanctions. Crossing the wires early Wednesday morning, Russian Deputy Finance Minister Vladimir Kolychev, was quoted by Reuters as […]
China De-Dollarization Pushes Into Hyperdrive, Adds 100 Tons Of Gold Amid Trade War Chaos
China De-Dollarization Pushes Into Hyperdrive, Adds 100 Tons Of Gold Amid Trade War Chaos As the trade war continues to escalate, China’s rapid move towards de-dollarization continues. China added more than 100 tons of gold to its reserves since December 2018 and has also been divesting US Treasuries. Bloomberg reported the People’s Bank of China acquired 188,800 ounces, […]
De-Dollarization: Europe Joins the Party
De-Dollarization: Europe Joins the Party The ongoing “World War of Currencies”, as the German journalist Daniel D. Eckert called it, the battle for the future of the world monetary system is not a shallow action film but more like Game of Thrones – a complex series with hundreds of actors and locations, stretching over decades and demanding […]
Russia Backs Away From Dollar AGAIN: Shifts $100 Billion To Yuan, Yen, And Euro
Russia Backs Away From Dollar AGAIN: Shifts $100 Billion To Yuan, Yen, And Euro Russia is continuing to ramp up its efforts to move away from the American dollar. The country just shifted $100 billion of its reserves to the yuan, the yen, and the euro in their ongoing effort to ditch the dollar. The […]
EU Proposes Widespread ‘De-Dollarization’ Initiatives
EU Proposes Widespread ‘De-Dollarization’ Initiatives In the most blatant and transparent reaction to Washington’s continued vassal-ization, the European Commission has reportedly formulated a plan to reduce the role of the dollar in international trade. Amid increasing tensions between Trump and various European leaders (cough Macron cough) and the ongoing threats of sanctions and tariffs, the European […]
The World Is Quietly Decoupling From the U.S. – And No One Is Paying Attention
The World Is Quietly Decoupling From the U.S. – And No One Is Paying Attention Blind faith in the U.S. dollar is perhaps one of the most crippling disabilities economists have in gauging our economic future. Historically speaking, fiat currencies are essentially animals with very short lives, and world reserve currencies are even more […]
Russia’s Eastern Economic Forum Wrap Up: De-Dollarization Tops Agenda
Russia’s Eastern Economic Forum Wrap Up: De-Dollarization Tops Agenda The Eastern Economic Forum (EEF) was held in Vladivostok on Sept.11-13. Founded in 2015, the event has become a platform for planning and launching projects to strengthen business ties in the Asia-Pacific region. This year, the EEF brought together delegations from over 60 countries to discuss […]
