newsMay 4, 202419:36pending
De-dollarization: China drops US Treasury bonds, instead buys gold, oil, metals
Get every episode summarized
Each time Geopolitical Economy Report publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
About this episode
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
Topics
0:00 Why countries are de-dollarizing
1:05 Russia & China
1:41 Brazil & China
2:18 Persian Gulf oil & gas
3:29 Central bank reserves
4:54 China drops US Treasurys
6:15 Debate in Beijing
8:40 Gold
9:37 Charts: China buys metals & oil
11:21 Strategic petroleum reserve
11:53 Belt & Road Initiative
12:50 East Asia funds US deficits
14:25 Global South funds Global North
15:25 Japan replaces China as top US creditor
16:03 US inflation, interest rates, bond yields, & debt
18:48 Outro
Get every episode summarized
Each time Geopolitical Economy Report publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Geopolitical Economy Report
The dollar is a weapon: How the US controls countries with financial colonialism
Geopolitical Economy Report
Sep 17, 202629:45completed
BRICS grows stronger: US threats unify China, India, Russia, as they challenge d...
Geopolitical Economy Report
Sep 13, 202643:22pending
Biden & Trump families scam their own supporters with meme coins
Geopolitical Economy Report
Sep 11, 202619:47pending
USA voted against the ENTIRE WORLD, opposing equal representation of Africa
Geopolitical Economy Report
Sep 8, 202617:51failed