Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
De-dollarization: China drops US Treasury bonds, instead buys gold, oil, metals
19 minutes Posted May 4, 2024 at 12:00 pm.
Why countries are de-dollarizing
Russia & China
Brazil & China
Persian Gulf oil & gas
Central bank reserves
China drops US Treasurys
Debate in Beijing
Gold
Charts: China buys metals & oil
Strategic petroleum reserve
Belt & Road Initiative
East Asia funds US deficits
Global South funds Global North
Japan replaces China as top US creditor
US inflation, interest rates, bond yields, & debt
Outro
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19:36
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Show notes
China is reducing its holdings of US Treasury securities. Instead, the People's Bank of China is buying gold, and Beijing prioritizes imports of important commodities like oil and metals. Ben Norton discusses the geopolitical impact of de-dollarization in the world's largest economy.
VIDEO: https://youtube.com/watch?v=z-bnIrbZjaM
Check out our related video - "How the dollar's 'exorbitant privilege' enriches the USA (and global elites)": https://youtube.com/watch?v=jYkiMcR1Rj8
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