China 'counters US dollar hegemony' with gold reserves, Argentina yuan currency swap deal
China is advancing the global movement toward de-…
Geopolitical Economy Report · Ben Norton
January 10, 202352m 12s
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Show Notes
China is advancing the global movement toward de-dollarization. Beijing's central bank is boosting its gold reserves while signing currency swap deals in yuan with countries like Argentina, encouraging the use of renminbi instead of US dollars.
VIDEO: https://youtube.com/watch?v=bdASCjEeJ0I
Sources and more information here: https://geopoliticaleconomy.com/2023/01/08/china-dollar-gold-reserves-argentina-yuan
Russia dropping US dollar for Chinese yuan – and fast: https://geopoliticaleconomy.com/2022/12/26/russia-us-dollar-chinese-yuan
IMF admits US dollar hegemony declining, due to rise of Chinese yuan, sanctions on Russia: https://geopoliticaleconomy.com/2022/03/31/imf-us-dollar-decline-china-russia
How Argentina has been trapped in neocolonial debt for 200 years: An economic history: https://geopoliticaleconomy.com/2022/12/18/argentina-neocolonial-debt-history