Mounting debt burdens are narrowing Washington’s fiscal space and eroding confidence in the US dollar’s reserve currency status. However, history shows that severe fiscal conditions can be reversed; and if not, the more likely outcome is a gradual erosion of confidence in USD assets, not an abrupt collapse.

The New York Fed’s vault remains the largest sovereign gold repository in the world, but recent withdrawals suggest that geopolitical considerations are increasingly tilting the balance toward domestic storage, even among longstanding US allies.

In the heartland of ancient Persia, the lines in the sand of West Asia’s geoeconomic map are being redrawn.

The petrodollar system has always hinged on a US security guarantee to Gulf states, but the durability of this guarantee is now being called into question by the Iran war.

The Trump administration is actively undermining the conditions that allowed American industry—and American markets—to dominate for so long.

Taken to their logical conclusion, the Trump tariffs represent a potential paradigm shift in the global economy – and not one that the Trump administration would welcome.

Sovereign wealth funds are transforming into vehicles for industrial policy, economic warfare, political patronage, and strategic alliance-building – and the Trump administration is now looking to join the club.

The paradox of Trump’s aggressive posture toward de-dollarization is that by favoring tariffs and sanctions, Trump is accelerating the very trends he seeks to combat.

Beijing has become a vocal supporter of the de-dollarization of global trade, but these efforts are doomed to fail unless capital and financial controls are reformed to make the yuan a more practical replacement.

India is a key member of a BRICS bloc that increasingly appears committed to advancing de-dollarization, yet doing so will only advance Beijing’s regional and global interests at the expense of New Delhi’s.

Fearing secondary sanctions, Chinese banks are limiting their involvement with sanctioned Russian businesses. The resulting liquidity crunch is creating new inflationary pressures for the Russian economy.

There’s certainly a will behind BRICS de-dollarization efforts, but finding a way won’t be easy.

Will cryptocurrencies like Bitcoin renew US hegemony or hasten the process of de-dollarization?

The global financial landscape is undergoing a subtle but significant transformation, one that challenges the long-standing supremacy of the US dollar.

Examining the long-term geoeconomic consequences of the Ukraine war, notably the ongoing viability of the US dollar as global currency and the possibility of a future return to the gold standard.

Non-dollar alternatives for settling global trade continue to expand in the wake of the Ukraine war.

The unprecedented weaponization of global financial circuits in the wake of the Ukraine war could end up backfiring by jeopardizing the US dollar’s enduring position as global reserve currency.

The greenback’s position as premier reserve currency continues to erode, albeit slowly.

Moscow took another step toward de-dollarization this week, the latest in a gradual process that has been unfolding for years.

What will the global financial system of 2060 look like?