The Dollar's Plumbing: Conspiracy Vs. Data
Source: SeekingAlpha
2026-03-20 06:30:00 ET
Every few months, a headline appears declaring that the U.S. dollar’s reign as the world’s reserve currency is over. China is dumping Treasuries. Central banks are hoarding gold. The BRICS are building a new monetary order. The sanctions that froze $300 billion of Russia’s reserves in 2022 proved, the argument goes, that dollar-denominated assets are no longer safe. The “risk-free” asset has become a weapon....
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The Dollar's Plumbing: Conspiracy Vs. Data
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