
Rise and fall of US-led neocolonial financial order: From Bretton Woods to BRICS
Geopolitical Economy Report
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The US Dollar Is Not Going Anywhere
The US dollar is still, I think probably for many years, going to remain a significant global reserve currency. With the decrease of the power of the US dollar, the US is going to have to re-industrialize - which is good for workers because it means more jobs. But at the same time, as the dollar becomes less powerful and it's used less in international reserves, it's going to decrease the demand for the dollar. The UAE is selling liquefied natural gas to China in the Chinese Yuan. And Saudi Arabia has expressed interest in doing so as well. As there's a decreased demand for thedollar globally, it'sgoing to fuel more inflation. So, depending on
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