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Zoltan Pozsar on Russia, Gold, and a Turning Point for the U.S. Dollar

Odd Lots

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Navigating Alternative Financial Systems Amidst Geopolitical Tensions

This chapter discusses the emergence of alternative financial systems in response to geopolitical developments, specifically focusing on Russia's gold reserves and the role of central banks. It highlights the intersections of energy exports, dollar liquidity, and the impact of sanctions on Russia's financial landscape. The conversation further draws parallels to past financial crises, emphasizing the systemic risks associated with banks exposed to Russian assets.

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