Authored by Pepe Escobar, Very few people in Russia and across the Global South are as qualified as Sergei Glazyev, the Minister for Integration and Macroeconomics of the Eurasia Economic Commission (EEC), the policy arm of the Eurasia Economic Union (EAEU), to speak about the drive, the challenges and the pitfalls in the road towards […]
Posts Tagged ‘dollarization’
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction De-dollarization continues accelerating with news of the Shanghai Petroleum and Natural Gas Exchange (SHPGX), a Chinese-backed exchange for trading energy-related products, settling its first cross-border transaction in digital yuan. Chinese-based financial news outlet “Yicai” first reported PetroChina International bought one million barrels of crude […]
The perilous path from western domination to de-dollarization
De-dollarization is a road fraught with many challenges. Source
Colonel Maness Discusses BRICS De-Dollarization & Digital Tyranny Plan
SEP 1 Digital Currency Tyranny And The De-Dollarization Of International Trade | Training Tuesday | The Rob Maness Show EP235 COL. ROB MANESS RET. Share The American currency is losing its foothold on the world stage and several foreign nations are waiting in the wings to take its place. On August 1, 2023, Fitch […]
De-Dollarization and Trade: Be Careful What You Wish For
Be careful what you wish for, because currencies are not abstractions we ponder, they are commodities that serve real-world functions that place demands on the currency as a mechanism of trade, trust, value and risk. Source
De-Dollarization: The Death Knell For US Hegemony?
Already, 2023 has been a brutal year for US geopolitical hegemony — and it’s not even halfway over. An unprecedented wave of “de-dollarization” is sweeping the globe. Source
The Dollar Is In Trouble! Here Are 7 Signs That Global De-Dollarization Has Just Shifted Into Overdrive
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Chinese state-run media urges “de-dollarization,” says Federal Reserve engaging in “financial looting” of the world
(Natural News) An editorial published by the Global Times, a media outlet run by the Chinese Communist Party (CCP), expresses worry about the Federal Reserve’s manipulation of the United States dollar. Calling it “financial looting,” the piece blasts the Fed for its continued interest rate hikes, which are strengthening the dollar while weakening other currencies. […]
De-Dollarization Continues: China, Iran To Eliminate Greenback From Bilateral Trade
The more Washington lashes out in anger at those who will not bow to the unipolar world order, the more the rest of the world fights back. As the launch of its Yuan/Gold-settled oil futures looms, China is escalating its de-dollarization scheme further by seeking a bilateral rial-yuan agreement with Iran. As […]
Gold Trade Between Russia and China – A Step Closer Towards De-Dollarization?
Economic Minister says major ‘de-dollarization’ trend seen in Russian economy
Russian Minister of Economic Development Maxim Oreshkin said Wednesday that Russia’s national currency, the ruble, should be supported because a “big trend toward the de-dollarization” of the country’s economy is growing at a steady pace. “There is a big trend toward the de-dollarization of the Russian economy. The Central Bank made some very important […]