Commodity Trade Mantra

Posts Tagged ‘Economic Power’

Rise of the Petro-Yuan & the Slow Erosion of Dollar Hegemony

Linking the dollar to international oil trading was key to creating a new version of dollar primacy (“dollar hegemony 2.0”) & by extension, in financing another forty years of American hegemony. With the rise of the “petroyuan,” movement towards a less dollar-centric currency regime in international energy markets is already underway.

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