How the Dollar Became a Double-Edged Sword
https://foreignpolicy.com/2024/10/25/saleha-mohsin-book-dollar-us-treasury-secretary/
Washington’s hands-off currency policy has produced a dominant dollar—and collateral damage at home and abroad.
https://foreignpolicy.com/2024/10/25/saleha-mohsin-book-dollar-us-treasury-secretary/
Washington’s hands-off currency policy has produced a dominant dollar—and collateral damage at home and abroad.
Why the west should be paying more attention to the gold price rise
Buying of the precious metal reflects rising interest in alternatives to the dollar-based financial system
https://www.ft.com/content/b5fb1e6b-bb8d-4ab5-9c92-f1f6fc40a54b
El-Erian notes:
What is at stake here is not just the erosion of the dollar’s dominant role but also a gradual change in the operation of the global system. No other currency or payment system is able and willing to displace the dollar at the core of the system and there is a practical limit to reserve diversification. But an increasing number of little pipes are being built to go around this core; and a growing number of countries are interested and increasingly involved.
Buying of the precious metal reflects rising interest in alternatives to the dollar-based financial system
https://www.ft.com/content/b5fb1e6b-bb8d-4ab5-9c92-f1f6fc40a54b
El-Erian notes:
What is at stake here is not just the erosion of the dollar’s dominant role but also a gradual change in the operation of the global system. No other currency or payment system is able and willing to displace the dollar at the core of the system and there is a practical limit to reserve diversification. But an increasing number of little pipes are being built to go around this core; and a growing number of countries are interested and increasingly involved.
The blistering rally in gold augurs ill for the power of the dollar
https://www.economist.com/leaders/2024/10/24/the-blistering-rally-in-gold-augurs-ill-for-the-power-of-the-dollar
Central banks are shifting away from the greenback
Putin’s plan to dethrone the dollar
https://www.economist.com/international/2024/10/20/putins-plan-to-dethrone-the-dollar
https://www.economist.com/leaders/2024/10/24/the-blistering-rally-in-gold-augurs-ill-for-the-power-of-the-dollar
Central banks are shifting away from the greenback
https://www.economist.com/international/2024/10/20/putins-plan-to-dethrone-the-dollar
Bank of America: Gold is the 'Last Safe Haven' Amid Rising U.S. National Debt
https://www.jpost.com/business-and-innovation/precious-metals/article-825236
Why Gold Just Might Be Safer Than Treasury Bonds
https://www.barrons.com/articles/gold-price-treasury-bonds-us-debt-1ae5bac3
https://www.jpost.com/business-and-innovation/precious-metals/article-825236
Why Gold Just Might Be Safer Than Treasury Bonds
https://www.barrons.com/articles/gold-price-treasury-bonds-us-debt-1ae5bac3
Why gold is dazzling investors
https://www.economist.com/finance-and-economics/2024/10/22/a-dazzling-new-gold-rush-is-under-way-why
https://www.economist.com/finance-and-economics/2024/10/22/a-dazzling-new-gold-rush-is-under-way-why
My warning from early 2022:
The weaponization of finance threatens the future of the dollar standard
https://thehill.com/opinion/finance/596116-the-weaponization-of-finance-may-threaten-the-future-of-the-dollar-standard/
Update on Renminbi Internationalization