Re: [Salon] de-dollarization: it's happening

[Chas Freeman <cwfresidence@gmail.com>]

Eppur si muove.

On Wed, May 3, 2023 at 9:38 AM Edward Hughes via Salon <salon@listserve.com> wrote:

For a balanced, and more informed, perspective on the de-dollarization frenzy Paul Krugman's piece below is a good starting point, with references to in-depth research.  De-dollarization is a myth but without much impact, even if true. 

https://www.nytimes.com/2023/05/02/opinion/us-dollar-reserve-currency.html

Edward Hughes
edwhughes@gmail.com
+1 (617) 306 2577

On Wed, May 3, 2023 at 9:08 AM Kelley Vlahos via Salon <salon@listserve.com> wrote:

And we basically asked for it. In his first piece for RS, Frank Giustra, co-chair of Crisis Group, writes that the US spent the last century weaponizing the dollar, reaching its culminating point in the global sanctions against Russia. The rest of the world is reacting by seeking out viable alternatives. The only choice now, is whether the US will get on board, or be walloped in full. Great read this morning: https://responsiblestatecraft.org/2023/05/03/de-dollarization-not-a-matter-of-if-but-when/

Kelley

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