Tag Archives: US dollar hegemony

De-dollarisation: Russia and Saudi Arabia Continue to Ditch the Dollar

De-dollarisation

De-dollarisation is something I have been writing about for a long time. Two recent events are another nail in the coffin for the dollar, and by extension, US hegemony.

The first event was Russia’s main stock exchange halting the dollar and euro trades. The second is Saudi Arabia not renewing the Petrodollar Agreement. Let’s delve into this a bit more.

De-dollarisation, the process of reducing reliance on the US dollar in international trade and finance, can have significant implications for the US economy and global financial stability. Two recent events underscore this trend and offer insight into the potential future of the US dollar and its influence on global markets.… Click here to continue reading this article

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