As the dollar declines, so does Washington’s power. Cutting dependence on the US dollar: The De-Dollarization discussion suffers from holdover thinking that a reserve currency is needed. No reserve currency is needed. Countries can settle their trade balances in their own currencies or contracts can specify the currencies of trade transactions. Countries with low inflation and low debt will have stronger …
Read More »The trend of cutting dependence on the US dollar is gaining steam across the globe
