Tag Archives: US dollar hegemony

Dedollarisation is Really Happening Now.

dedollarisation

I’ve written about Dedollarisation a few times in the past. A lot of people thought it nonsense and imagined the US dollar couldn’t be reduced in influence.

I wrote this article in 2015: Two for the Price of One: De-dollarise and Reduce American Hegemony. I correctly predicted that the US would have to be carefully handled during dedollarisation and it would go down kicking, screaming and lashing out and quite likely start a war while it was doing so. I was correct in that and the conflict the US ignited in Ukraine is testimony to that.… Click here to continue reading this article

Dedollarisation and Reducing Dollar Hegemony Following the Russian Military Operation in Ukraine

We’ve been writing about dedollarisation here for some time.

Russia and much of the world have been seeking to dedollarise for a while. In the wake of the Russian military operation in Ukraine, one of the outcomes of countersanctions by Russia against the US and the rest of the west is them being forced to use the Russian Rouble to buy oil and gas.

This does something Russia has wanted to do for a while: reduce US dollar hegemony.

When it comes to what we often call dollar hegemony one can get all technical (and often wrong) or we can make things much more simple.… Click here to continue reading this article