{"id":61379,"date":"2022-01-09T10:02:04","date_gmt":"2022-01-09T15:02:04","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61379"},"modified":"2022-01-09T10:02:04","modified_gmt":"2022-01-09T15:02:04","slug":"central-banks-rush-to-protect-themselves-from-incoming-disaster","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61379","title":{"rendered":"Central Banks Rush to Protect Themselves from Incoming Disaster"},"content":{"rendered":"
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Central Banks Rush to Protect Themselves from Incoming Disaster<\/a><\/h3>\n<\/div>\n
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\"Central<\/p>\n
Image courtesy of\u00a0European Central Bank<\/a><\/span><\/div>\n<\/div>\n

The times, they are a-changin\u2019, as Bob Dylan tells us.<\/p>\n

On the global economic stage, the U.S. isn\u2019t the dominant economic superpower that it once was. This conclusion comes from the declining popularity of dollars among global central banks.<\/p>\n

Around the world, national central banks stockpile \u201creserves\u201d in order to back up the value of their own national currency. Here\u2019s how\u00a0Investopedia explains monetary reserves<\/a>:<\/p>\n

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