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Geopolitical Risk and the US Dollar Regime
When Russia invaded Ukraine, the United States put a sledgehammer in terms of financial sanctions. We also recently have seen both President Xi from China and Vladimir Putin from Russia getting together with all sorts of conversations that seem very friendly. It's part of the de-dollarization that has been happening and the weaponization of the US financial system That may come crosswise as countries wake up to the fact that now there needs to be assets that you own which could be a sanctions hedge.