Those in the Global South are shifting their reserves toward gold at a much faster rate than advanced economies to reduce their U.S. dollar exposure amid growing trade protectionism.
  • Hansae@lemmy.dbzer0.comEnglish
    4·
    3 hours ago

    Good, the bretton woods agreement that started the reliance on USD has been a complete disaster for most of the planet. Turning currencies into high volitile “tradable assets” is absolutely crippling for developing nations and can trap even developed economies into a debt spiral if they go through hard times.