Argentina recently made headlines with its announcement that it plans to pay for its imports from China in Yuan. Inevitably, gold commentators jumped to the spurious conclusion that this decision signals another step towards “de-dollarization.” Let’s be clear: this is not the case. As much as we oppose the perversities of the US dollar system, […]
Tag Archive for: de-dollarization
To listen to the audio version of this article click here. In Part I we discussed how the fallout from the Russian invasion of Ukraine will lead to inflation, but not in the way most people think. In Part II we discuss the possibility of Russia repudiating the dollar and going on a gold standard. […]
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