"De-dollarization might seem like a wild conspiracy theory, but it is happening. Countries worldwide are trying to limit their exposure to the greenback, and the dollar’s clout is slowly ebbing.
No, the dollar isn’t on the verge of collapse due to a major trauma.
It’s more like death by a million papercuts.
Nassim Taleb, best known for his book The Black Swan, said in a post on
X that “people are not seeing the real de-dollarization in progress.” He pointed out that global transactions are still generally labeled in
dollars “as an anchor currency.”
“But central banks (particularly BRICS) have been storing, that is putting their reserves, in Gold.”
..
Turrin pointed out that the “dollar's high percentage in trade
settlements is increasingly meaningless" for two reasons.
Gold holdings show reserve storage
Migration of trade to alternate currencies isn't captured in SWIFT statistics.
This trend toward storing wealth in gold instead of dollars makes sense
given the U.S. government’s persistent evaluation of its currency which
seems to be accelerating.
Luke Gormen, founder and president of Forest for the Trees confirmed
Taleb’s point with a graph, noting that this de-dollarization trend has
been in play for more than a decade and “got much louder post-2022 sanctioning of Russian FX reserves.”"
https://goldseek.com/article/nassim-taleb-people-arent-seeing-real-de-dollarization
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