©2019 by Dedollarization. Proudly created with Wix.com

DE-DOLLARIZATION:
THE REVOLT AGAINST THE DOLLAR AND THE RISE OF A NEW FINANCIAL WORLD ORDER

The dollar's status as the world's preeminent currency, together with the U.S. military, has underlain American power since World War II. In a sweeping review of one of the most seminal yet least noticed developments in international affairs, Gal Luft and Anne Korin describe how an emerging coalition of revisionist countries, rogue governments, techno-visionaries and sanctioned entities, buttressed by innovations like blockchain and 5G, are working to push the dollar off of its reserve currency throne. It would not be the first time. Preceding the dollar, five consecutive currencies, each belonging to a superpower of the time, ruled the markets. Each predominated for roughly 80-100 years, and as it tumbled to irrelevance it accelerated the decline of the empire behind it. Are we due for a rerun?

 
 
Search

China’s digital yuan will be the ‘weapon’ of de-dollarization

The digital yuan was revealed by the People’s Bank of China [PBoC] weeks after Facebook unveiled their global digital currency Libra, and for those who thought China’s reply was aimed at the social media giant, think again. Major Chinese banks as well as global technology companies, like Tencent and Alibaba, were listed to support the CBDC project, spelling the size and scale of the project. As all things with China go, this digital currency project was more aimed at establishing itself in the global economic race, rather than to serve an internal administrative concern. Read the full article here

Read more about CBDCs in De-dollarization

 

CONTACT