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Special Edition: De-Dollarisation and the New Monetary Order

Multipolarity

CHAPTER

The US Treasury Introduced a New Layer of Risk Into the Dollar

The dollar is the "Google search engine of the world financial system," says Peter Bergen. He says de-dollarization will be driven by geopolitics, not by economics or finances. The Saudis are addicted to an economy run based on trade surpluses and need a country to absorb those surplus dollars, he says.Bergen: What we should do now is kind of consider what the alternatives could mean for global trading systems.

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