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The Grant Williams Podcast: Shifts Happen - Episode Seven FULL EPISODE

The Grant Williams Podcast

NOTE

Accelerating De-Dollarization of Global Oil Markets

The de-dollarization of global oil markets is accelerating, with approximately 20% of the world's oil traded in non-dollars last year. This shift is evidenced by the E1 trading volumes of oil and gold in the fourth quarter outside the dollar. More oil exporters are joining the BRICS, indicating a move away from the US dollar. This de-dollarization trend is progressing faster than anticipated, impacting the US fiscal crisis by reducing the need for as many treasuries as deficits rise.

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