About this episode

Ben Norton discusses the ongoing trend of dedollarization and the increasing preference for gold among global central banks.

Gold has officially overtaken Treasury securities (US government debt) as the top asset held by global central banks, according to a report by the European Central Bank (ECB). Ben Norton explains how dedollarization is continuing, gradually and steadily. VIDEO: https://www.youtube.com/watch?v=LmyWn2lrXBM Topics 0:00 Decline of US dollar dominance 0:55 Debasement trade 1:42 Central banks buy gold 3:59 Gold overtakes US Treasuries 5:36 Top countries buying gold 7:00 West's seizure of Russian assets 8:54 Alleged unofficial gold holdings 10:16 Falling dollar share of reserves 12:14 Reasons for fall in gold price 14:58 EU hypocrisy 16:26 China keeps buying gold 18:05 China calls for multipolar system 19:13 De-dollarization is continuing 20:32 Outro

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