dollar hegemony

Everyone wants out from under Dollar Hegemony. Nobody can do it. Yet.

It's no secret that much of the world wants to break away from using the U.S. dollar for its overseas trade and financial transactions. It's also no secret that Russia and China have been working together and allocating considerable resources on this project for financial independence since 2009.

What the coming end of Dollar Hegemony means

Less than a week ago I posted an essay about the rapidly approaching end of dollar hegemony, but I didn't spend much time talking about its implications. It turns out that I was only a couple days ahead of the curve. Far better writers than I, such as Chris Hedges, have explored the topic in the past couple days.

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