Geopolitical Economy Report on Nostr: Elite US economist warns: dollar system is weakening as gold BRICS rise ========== ...
Elite US economist warns: dollar system is weakening as gold BRICS rise
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Mohamed El-Erian warns the US dollar is losing dominance; foreign central banks are buying fewer Treasury securities and holding more gold; de-dollarization is driven by Global South nations, particularly BRICS; Paul Krugman claims de-dollarization hype is exaggerated; El-Erian notes gold price has risen 40% in the past year; countries diversifying reserves away from dollar dominance; US weaponization of trade and sanctions contributes to this shift; foreign ownership of US Treasury securities has fallen from 34% in 2015 to 23-24% in 2024; China's Treasury holdings dropped from over $1.3 trillion in 2014 to less than $800 billion in 2024; El-Erian's op-ed published during BRICS summit in Kazan.
#UsDollar #Dedollarization #Brics #Gold #Economy #MohamedElerian #PaulKrugman #TreasurySecurities #GlobalSouth #FinancialSystem
https://geopoliticaleconomy.com/2024/10/23/economist-dollar-system-gold-brics/
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Mohamed El-Erian warns the US dollar is losing dominance; foreign central banks are buying fewer Treasury securities and holding more gold; de-dollarization is driven by Global South nations, particularly BRICS; Paul Krugman claims de-dollarization hype is exaggerated; El-Erian notes gold price has risen 40% in the past year; countries diversifying reserves away from dollar dominance; US weaponization of trade and sanctions contributes to this shift; foreign ownership of US Treasury securities has fallen from 34% in 2015 to 23-24% in 2024; China's Treasury holdings dropped from over $1.3 trillion in 2014 to less than $800 billion in 2024; El-Erian's op-ed published during BRICS summit in Kazan.
#UsDollar #Dedollarization #Brics #Gold #Economy #MohamedElerian #PaulKrugman #TreasurySecurities #GlobalSouth #FinancialSystem
https://geopoliticaleconomy.com/2024/10/23/economist-dollar-system-gold-brics/