BRICS is “developing a fairer system of monetary exchange” to challenge the “dominance of the dollar”, South Africa revealed. Saudi Arabia is considering selling oil in other currencies.
It'd be great if somebody made an equivalent for Global Currency, Assets, Capital Flow. It would track current dollar flows in and out of the US, China, etc, assets, securities, gold, other currency capital exchanges...
In short, we need a map of dedollarization and the international economic reality. It's VERY difficult to get a handle on this sort of thing otherwise unless one's prepared to pour over hundreds of datasets, many difficult for us regular folks to access.
The US Debt Clock (https://usdebtclock.org) is an interesting site.
It'd be great if somebody made an equivalent for Global Currency, Assets, Capital Flow. It would track current dollar flows in and out of the US, China, etc, assets, securities, gold, other currency capital exchanges...
In short, we need a map of dedollarization and the international economic reality. It's VERY difficult to get a handle on this sort of thing otherwise unless one's prepared to pour over hundreds of datasets, many difficult for us regular folks to access.
Agreed. Ben is the only journalist who flat out says what the numbers are for currency holdings. It's so scattered and hard to find and compare