May 13, 2023
Oh, Lester. Did you bother clicking on the links to the IMF report? The USD as the reserve currency won’t disappear overnight, but de-dollarization is accelerating. You must do your research and pay attention.
I’ll suffer as much as anyone, but I understand why nations diversify their holdings. Wouldn’t you prefer to use a local currency if you were Brazil trading with Argentina?
Is Saudi Arabia still solely selling and accepting the USD for oil? I wonder why the price of gold is rising.
Here’s a link, but you can do your research independently.