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Russia Drops the US Dollar — The End of the US Dollar Hegemony Over the World Is Getting Closer

Russia Drops the US Dollar — The End of the US Dollar Hegemony Over the World Is Getting Closer



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20 Comments

  1. Putin Is such a smart guy, then if he is bad or not is another issue. But the guy is one of the smartest politicians in power. I wonder what will happen when he and Xi dies or finish their power grip because they are too old…

  2. World Powers gonna seek to be “THE” world power.

    Not exactly surprising, but not exactly sensible either. China plays more with its currency than even the US. And on top of that, they fudge their numbers more too.

    Just one more reason crypto makes more and more sense. Everyone is trying to devalue their debt.

  3. tldr; Russia’s National Wellbeing Fund, its oil fund, will completely divest from its exposure to the US dollar, which still amounts to 40 billion dollars. The fund will now move into the Chinese yuan, the euro, and gold. Russia wants to protect itself from the risk of US sanctions, but also from the pressure the US can exert on its economy.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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