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- It’s a “Defund-the-Global-Police” Moment, Jen Says De-Dollarization is Happening at a “Stunning” Pace
It’s a “Defund-the-Global-Police” Moment, Jen Says De-Dollarization is Happening at a “Stunning” Pace
from Zero Hedge
Over the last few weeks, it has seemed you can’t turn a page, blink at a pixel, or hear a news report without some form of de-dollarization headline shrieking at you. From Brazil to Saudi Arabia, and from India to Argentina, and increasing number of nations are ‘reportedly’ shifting away from the dollar hegemon.
Some recent headlines:
Eyeballing the Dollar Index (or some other broad index of fiat relativity) drops modest hints but the nature of the relationship of one un-backed currency against another makes that comparison worthless in the longer-term.