Suddenly, “De-Dollarization” Is A Thing – 09.16.17

 

  • For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar.
  • China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.
  •   These were challenges to the dollar’s dominance, but they weren’t mortal threats.
  • What’s happening lately, however, is a lot more serious.
  • It even has an ominous-sounding name: de-dollarization. Here’s an excerpt from a much longer article by “strategic risk consultant” F. William Engdahl:

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Source: dollarcollapse.com