Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
Dedollarization grows: Countries drop dollar assets, as gold overtakes US Treasury bonds
39 minutes Posted Jan 2, 2026 at 2:44 pm.
Dedollarization increases
US sanctions backfire
Donald Trump threatens BRICS
Central bank holdings of US Treasuries
China de-dollarizes
US trade war on China failed
Foreign holdings of US bonds
Government vs private investment
Central banks buy lots of gold
No return to gold standard
Gold as neutral reserve asset
Gold overtakes US Treasury holdings
Gold price skyrockets
Nixon Shock to Trump Shock
This is not just about Trump
2008 financial crisis: turning point
Western seizure of Russia's assets
Ukraine war fuels gold purchases
Central bank undeclared gold buying
Uruguay dedollarizes
Argentina's Javier Milei
Sovereignty vs imperialism
Investors de-risk out of US assets
Decline of US dollar dominance
Global South de-dollarizes trade
New BRICS payment systems
Internationalization of renminbi
Financial multipolarity
Outro
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Show notes
De-dollarization is growing around the world. Central banks are buying tons of gold, which overtook US Treasury securities in reserves in 2025. Even private investors are diversifying out of dollar assets, as risk rises. Ben Norton explains how Washington's sanctions, Trump's tariffs, and the weaponization of US-dominated international financial institutions have backfired.
VIDEO: https://www.youtube.com/watch?v=hVjy1Hlh5zc
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