-China and Brazil agree to skip the dollar and exchange their own currencies directly.
-China uses yuan to settle LNG imports from the UAE, from the French supermajor Total.
-Saudi Arabia joins the ...
Lyn, do i have this right and your thoughts please...
Fiat currency is just debt, issued upon on debt, issued upon debt, etc.
US Treasuries are the base layer, as the deepest and most liquid market.
If so, are we just one failed US Treasury auction away from a re-ordering of global power?
What are the scenarios, however improbable, that could cause it -- and how should the US be hedging?
Fiat currency is just debt, issued upon on debt, issued upon debt, etc.
US Treasuries are the base layer, as the deepest and most liquid market.
If so, are we just one failed US Treasury auction away from a re-ordering of global power?
What are the scenarios, however improbable, that could cause it -- and how should the US be hedging?