CURRENCY WARS ON THE HORIZON! China’s Quest to Repatriate 600 Tons of Gold from FED.｜AsianQuickTake

In today’s episode, we delve into the fascinating evolution of money. In the era of metal-based currency, money derived its value from tangible assets. However, in the age of paper money, its worth was rooted in trust and widespread circulation. The U.S. dollar, once hailed as the world’s top reserve currency, now faces challenges to its credibility. As global voices intensify, calling for the reduction of dollar dependence and exploring alternatives, the dollar’s status as a trusted global currency appears to be eroding. Emerging markets, European nations, and major oil producers are actively seeking to establish trade channels using currencies other than the dollar. With the global landscape shifting due to recent events, is the dollar’s reserve currency status in jeopardy? In a recent research report published by Ruchir Sharma of the Rockefeller Institute, he asserts that “the post-dollar world is coming,“ highlighting the precarious state of the dollar’s