Nassim Taleb: People Aren’t Seeing the Real De-Dollarization
Nassim Taleb: People Aren’t Seeing the Real De-Dollarization
By Mike Maharrey – September, 2024
It’s not a “black swan” event. In fact, it’s playing out right before our eyes and was entirely predictable. The world is slowly but surely spurning the dollar.
But most people haven’t noticed.
De-dollarization might seem like a wild conspiracy theory, but it is happening. Countries worldwide are trying to limit their exposure to the greenback, and the dollar’s clout is slowly ebbing.
No, the dollar isn’t on the verge of collapse due to a major trauma. It’s more like death by a million papercuts.
Nassim Taleb, best known for his book The Black Swan, said in a post on X that “people are not seeing the real de-dollarization in progress.” He pointed out that global transactions are still generally labeled in dollars “as an anchor currency.”
“But central banks (particularly BRICS) have been storing, that is putting their reserves, in Gold.”
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