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De-dollarization: China drops US Treasury bonds, instead buys gold, oil, metals

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Manage episode 416393929 series 3346987
Content provided by Geopolitical Economy Report and Ben Norton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Geopolitical Economy Report and Ben Norton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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
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328 episodes

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Manage episode 416393929 series 3346987
Content provided by Geopolitical Economy Report and Ben Norton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Geopolitical Economy Report and Ben Norton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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
  continue reading

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