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First. Heres my take. The most interesting outcome of the three day summit between Vladimir Putin an Jinping got limited media attent Describing that talks, Putin sai We are in favor of using the Chi for settlements between Russia and the countries of Asia, Afric and Latin America. So the worlds second largest ec and its largest energy exporter are together actively trying to dent the dollars dominance as the anchor of the international financial system. Will they succeed? The dollar is Americas last surviving superpower. It gives Washington unrivaled economic and political muscle. It can slap sanctions on countries unilaterally, which frees that country out of large parts of the world And Washington can spend freely. Certain that its debt will be bo by the rest of the world. The war against Ukraine, combined with Washingtons increasingly confrontational app to China, have created a perfect storm in which both Russia and China are accelerating efforts to diversify away from the d
