Financial Crisis Prediction
The end of King Dollar? The forces at play in de-dollarisation
The almighty dollar has had a lock on commodity trading, allowing Washington to hinder market access for producer nations from Russia to Venezuela and Iran. But trade is shifting. India is purchasing Russian oil in UAE dirham and roubles. China switched to the yuan to buy some $88 billion worth of Russian oil, coal and metals. Chinese national oil company CNOOC and France's TotalEnergies completed their first yuan-settled LNG trade in March.
We are seeing a push toward a Global Financial System that pulls away from the U.S Dollar…
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