[Salon] This expropriation of Russian assets will punctuate the end of a century of FX official reserves accumulation, except in G7 Daisy Chain and Anglosphere states

[Chas Freeman <cwfresidence@gmail.com>]

https://twitter.com/Kathleen_Tyson_/status/1740285805950591447

This expropriation of Russian assets will punctuate the end of a century of FX official reserves accumulation, except in G7 Daisy Chain and Anglosphere states. 

The rest of the world reverts to gold in self-custody as reserves and innovates new bilateral trade models for food and energy security.

https://twitter.com/CookeLeighton/status/1740309427142422534

I doubt whether many people realize just how serious this is. The only fiat currency that I save in is Swiss francs, which is the best apple in a bowl of rotten fruit. Dedollarization is bound to accelerate, with the euro and pound also losing ground to the yuan.