The Chinese Communist Party is pushing for a multipolar world order with a global movement for other nations to drop the U.S. dollar as their reserve currency. This would greatly undermine American influence in world affairs. We speak to Alex Newman, author and international journalist, about what this means for America. …
The Global De-dollarization Movement Is the CCP’s Next Big Power Grab: Alex Newman
July 10, 2023
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Is the ‘Great Reset’ for America Already Here?
Commentary I’ve never been comfortable hearing others talk about the unseen, unknowable “they,” as if “they” were a cluster of faceless, soulless puppeteers directing our fates against which one was powerless. The whole idea always had a disturbing and distasteful tinge of paranoia about it to me. But one must be clear-eyed about events and…
Janet Yellen Warns De-Dollarization Efforts Will Grow as Countries Seek Currency Alternatives
The U.S. dollar’s international status as the chief reserve currency is slowly diminishing as other countries diversify their assets, warns Treasury Secretary Janet Yellen. During a Housing Financial Services Committee on June 13, multiple Republican and Democratic lawmakers lobbed questions surrounding the risk of the worldwide de-dollarization campaign that has accelerated over the past year….
De-dollarization?
Commentary The potential U.S. debt ceiling and U.S. dollar status problems reignite the discussion of de-dollarization. The status of U.S. dollar will no doubt be firmly anchored in the financial market, which has already been discussed here previously. But the U.S. dollar share of goods trade is claimed to be jeopardized by the Chinese mouthpieces…
Countries Engaging in De-Dollarization ‘Acting Against Their Own Self-Interest,’ White House Warns
Countries that are joining China and Russia in their de-dollarization campaign could be “acting against their own self-interest,” warned John Kirby, the coordinator for strategic communications at the National Security Council in the White House. Argentina will pay for imports from China in yuan instead of U.S. dollars to prevent a further decline in the…
Is De-Dollarization a Real Possibility?
Former president Donald Trump warned that the U.S. currency was crashing and wouldn’t be the world standard any longer. He may have been onto something. Recently, Russia, China, and Brazil have been part of the growing list of countries that have embarked on policy of de-dollarization. Understanding dollarization and how it affects both the United…
The Facts Behind China’s De-dollarization
April 27, 2023
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Commentary The divide of the world reignites the discussion of de-dollarization. As the U.S. dollar index depreciated from 115 to 101 or nearly 12 percent, anyone, including foreign governments, that held too much U.S. dollar would try to underweight it. While the existing holders of Treasuries would be subject to mark-to-market loss when bond yields…
International Movement to Dethrone the US Dollar Gains Steam
It has been nearly a decade since China and Russia fired the opening salvo in their quest to dismantle the U.S. dollar’s standing as the chief international reserve currency. These de-dollarization efforts have accelerated over the past 12 months, with more countries joining Beijing and Moscow’s anti-dollar crusade. As many governments attempt to undermine the…
China’s Central Bank Increases Gold Holdings to Prepare for US Sanctions: Analysts
April 18, 2023
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Business & MarketsChinaChina Business & Economychina sanctionsDe-DollarizationGold and Commoditiesgold reservesMarketsUS-China relations
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For the past five months, China’s central bank has been increasing its gold reserves while simultaneously decreasing its holdings of U.S. bonds. Industry experts believe that this move is in anticipation of future sanctions that China may face. According to data recently released by China’s State Administration of Foreign Exchange and reported by financial news…
China’s ‘De-Dollarization’ Efforts Are Part of Strategy to Corner World Energy Markets
April 4, 2023
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News Analysis A longstanding plan by China and Russia to replace the U.S. dollar as the world’s reserve currency has had a string of recent headline-grabbing successes, as China methodically builds a rival monetary system that has been dubbed “Bretton Woods III.” This currency initiative is the financial component of the Beijing regime’s strategy to…
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