What dedollarisation really means for the UK economy
THIS is the final column in the Dedollarisation Series. Let’s start with what’s changing beneath the surface. The pound doesn’t float in its own vacuum. Every time a global investor pulls money out of dollar bonds and looks around for an alternative, sterling can become part of the conversation. But only if it has kept […]
Dedollarisation’s winners and losers
PART 12 in the Dedollarisation Series: Let’s start with the winners. First up: countries rich in commodities but no longer dependent on selling them in dollars. Think Russia, Brazil, the UAE, even Saudi Arabia, nations whose natural resources now trade in local currencies or via regional blocs like BRICS. That means when they sell oil […]
The digital backbone of a post-Dollar world
PART 11 in our series: The Global Shift Away from the US Dollar One of the great illusions is that money is paper, or coins, or those numbers you see on your online banking app. In reality, money is code. In a post-dollar world that’s rapidly taking shape – it’s the one who controls the […]
The future of trade and investment: What happens when the Dollar’s not in the middle?
PART 10 in our series: The Global Shift Away from the US Dollar. For most of our lifetimes, global trade has worked like this: if you’re selling oil in Brazil, or importing fertiliser in India, you price it in dollars. Even if the buyer and seller had no connection to the US, the greenback was […]
War, Sanctions, and Global Conflict: The Hidden Architecture of Dollar Power
PART Nine in our series: The Global Shift Away from the US Dollar Over the past few months, we’ve followed how the dollar, which was once a symbol of stability, has quietly morphed into something a lot more fragile. When I covered debt dedollarisation in 2017, it was met with: “really, the dollar could be […]
Kashmir: The Overlooked Battleground in the New Economic Order
PART eight in our series: The Global Shift Away from the US Dollar and how that will affect your finances. I travelled from Amritsar to Dharamshala by car and decided to leave Kashmir to another time where I could give it justice. Its breathtaking. One week later, my host put the headlines in front of […]
The Belt and Road Initiative: How China Is Building a World Without the Dollar
PART seven in my series: The Global Shift Away from the US Dollar Few people fully understand the Belt and Road Initiative (BRI) from China. The BRI is China’s huge global development strategy, spanning more than 150 countries across Asia, Africa, Europe and Latin America. It offers roads and railways, as well as finance, supply […]
The global response to the dollar’s weaponisation
PART six in this series of articles: The Global Shift Away from the US Dollar Last week, I covered how the dollar was used as a weapon and ‘geopolitical tool of compliance, punishment and hierarchy’, and this week I’ll turn to the exodus which followed and is following. If freezing $300 billion in a country’s […]
The Geopolitical battle over currency control
IN the fifth of a series on the reduction of dollar power (and inevitable value of the dollar) and the impact that will inevitably have on your finances, I wanted to cover how the dollar has been weaponised and used as a geopolitical tool of compliance, punishment and hierarchy, and how that has led to […]
The relationship between loudmouthing Tariffs and Dedollarisation
PART Four in our series: The Global Shift Away from the US Dollar Hopefully you may remember my comments on dedollarisation in June 2023 – ‘it will happen’. This journey of explanation of dedollarisation turns to the calamity and farcical charade that is – tariffs. I’m writing this from deep in the hills in India, […]
The architecture of post-dollar trade – and what that means
PART Three in our series: The Global Shift Away from the US Dollar. You can have all the water in the world, but if the pipes are clogged or run through someone else’s tap, good luck getting a clean wine glass mate. That’s what we’re seeing now with global finance. The water – money – […]
The financial and economic impact of Dedollarisation
THIS is Part Two in our series – the potential global shift away from the US Dollar. Back in the 1990s, the dollar held over 70 per cent of global foreign exchange reserves. Today, it’s down to 58.4 per cent, and still falling. That’s not a collapse, but it’s a message. Some nations are hedging […]