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Wednesday, August 23, 2023

De-dollarization 2: BRICS heading out

Some articles on the subject. Enjoy.
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Biden Budget Deficits Look Like Those Normally Seen In Recessions
BY MICHAEL MAHARREY AUGUST 14, 2023 
https://schiffgold.com/key-gold-news/biden-budget-deficits-look-like-those-normally-seen-in-recessions/

De-Dollarization: What Is It, and Is It Happening?
By MICHAEL BROMBERG Updated August 16, 2023
Reviewed by KATIE MILLER
Fact checked by SUZANNE KVILHAUG
https://www.investopedia.com/what-is-de-dollarization-7559514#

The Real Cost of De-Dollarization
BENN STEIL Aug 16, 2023
https://www.project-syndicate.org/commentary/no-alternative-to-the-us-dollar-by-benn-steil-2023-08?barrier=accesspaylog

Efforts To Protect US Intensify Amid Global Shift From Dollar
Alex Newman Aug 22, 2023
https://www.theepochtimes.com/article/efforts-to-protect-us-intensify-amid-global-shift-from-dollar-5451294
https://www.zerohedge.com/political/efforts-protect-us-intensify-amid-global-shift-dollar

Gold snatched up by central banks at fastest pace in 55 years
China and Turkey among big buyers as dollar's dominance fades
Many central banks bought gold to counter sanctions-related risks and as an inflation hedge.
MUNEMASA HORIO, February 1, 2023
https://asia.nikkei.com/Business/Markets/Commodities/Gold-snatched-up-by-central-banks-at-fastest-pace-in-55-years

How Inflation Destroys Civilization… and What You Can Do About It
Nick Giambruno Aug. 22, 2023
https://internationalman.com/articles/how-inflation-destroys-civilization/

https://internationalman.com/articles/authors/nick-giambruno/

https://financialunderground.com/

Is the US dollar on its way out?
Michael G Plummer 21 August 2023
https://www.eastasiaforum.org/2023/08/21/is-the-us-dollar-on-its-way-out/

The Earthquake Starts Tomorrow
JAMES RICKARDS AUGUST 21, 2023

The Rise of the BRICS
BRICS VS. G7
Felix Richter, Aug 22, 2023


S&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Climate
Bank stocks are down in August with higher funding costs seen
‘Decline in deposits has squeezed liquidity,’ S&P says in note
David Scheer 22 August 2023

See also: 
De-dollarization 1: trend among countries, April 24, 2023
Gold reserves, Russia and China stockpiling, December 14, 2019.

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