Source: De-dollarisation can pick up speed – Opinion – Business Recorder

While many countries around the globe are embracing the idea of having their own digital currencies, China has outpaced others in the race for a financial technology breakthrough with its digital yuan. Source: Could rapid development of China’s digital currency threaten US’ global dominance? RT’s Boom Bust digs in — RT Business News

  Source: Dream House, Nightmare Mortgage: Carry on! | Michael Hudson

  Russia’s Finance Ministry has allowed the National Wealth Fund (NWF) to diversify its assets by investing part of the funds into precious metals, including gold. Source: Russia’s National Wealth Fund gets greenlight for gold investments as Moscow pursues de-dollarization policy — RT Business News

With the IMF predicting that 60 per cent of the growth in the global economy next year will take place in China, it would be better for the U.S. to mend fences with that country. Source: China: Key Driver of the Global Economy From Pandemic | Opinion | teleSUR English

A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record. Source: Russia’s $583 Billion Reserves Now Hold More Gold Than Dollars – Bloomberg

GOLD PRICES rallied on Tuesday in London, halving Friday’s $20 plunge against a fast-weakening US Dollar as world stock markets struggled below last week’s near-record highs and the British Pound jumped ahead of the UK General Election.   Dollar gold prices touched $1467 per ounce as the US currency fell versus the Euro after a […]

Unlike in 2009 and in 2015/2016, monetary stimulus will be ineffective in resuscitating the global economy this time around. Source: China (and the world economy) at the end of the road – GnS Economics