‘Nuclear’ sanctions on Russia threaten long-term dollar dominance as China has more geopolitical incentive to ditch the greenbackAsia Times
Gold will soar as China seeks US dollar alternatives
David P. Goldman
https://asiatimes.com/2022/03/gold-will-soar-as-china-seeks-us-dollar-alternatives/
See also
The $300bn question facing central banks Financial Times. Important. Subhead: “The sanctions on the Central Bank of Russia’s securities may prompt other countries to reassess how and where they hold their wealth.”
From the Links today at Naked Capitalism. FT is behind a paywall, but the headline is sufficient.I
Not just China taking notice.
1 comment:
FT is behind a paywall
Some sites have leaky paywalls on purpose so that smart people will break through them and then mention their articles, which will drive others to the site and increase their subscriber base. It's how their business model works.
If you're on Firefox, use this:
Bypass Paywalls Clean
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