Backlash against weaponized dollar is growing across the world

Bloomberg/Michelle Jamrisko and Ruth Carson/6-2-2023

“Currency experts are leery of sounding like the Cassandras who have, embarrassingly, predicted the dollar’s imminent demise on any number of occasions over the past century. And yet in observing this sudden wave of agreements aimed at sidestepping the dollar, they detect the sort of meaningful action, however small and gradual, that was typically missing in the past.”

USAGOLD note: We note with interest how quickly de-dollarization went from minor to major issue…… The rapid embrace of alternatives suggests a long-suppressed concern about the role the dollar plays in a nation-state’s economic independence.