And so it BEGINS…. China and Russia may be teaming up…. guess WHY. – Investment Watch
In a rare joint statement in late March, China and Russia doubled down on earlier pledges to upend the global reliance on the U.S. dollar, and the long-standing global financial system that enables the U.S. to strong-arm them. Will the Sino-Russian strategy succeed? My research suggests âdollar hegemonyâ is stable for many reasons, primarily due to the United Statesâ financial centrality and ability to secure investments. The measures announced so far, such as de-dollarization, renminbi d...
Source: investmentwatchblog.com