SydneyJason
@sydneyjason
These dispatches by Zoltan Pozsar are an excellent macroeconomic view of the state of global money and banking since the Great Financial Crisis. I'm particularly fascinated by his coverage of China and the "petroyuan": China has made arrangements with OPEC+ countries to take delivery of oil with CDBC renminbi; in exchange, these OPEC+ countries can take delivery of cheap Chinese goods and commodity supply chain. Dollar hegemony is being challenged, and it's the US-led sanctions that have pushed other countries to develop an alternative. https://www.exunoplures.hu/a-decade-on-money/ CC the /economics channel
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