Subject: OT - De-dollarization
After 20+ years reading this board, I'm fully aware that I'm in the minority politically compared to many of the thoughtful posters here. I'm totally okay with that. I'm old enough to respect the adage about not discussing politics in polite company. Variety is the spice of life, after all.

That being said, I'd be grateful to hear some perspective on this OP-ED (and subsequent analysis) from the political right on the topic of the world economy shifting away from the dollar as the primary reserve currency.

https://dailycaller.com/2023/0...

"...the US froze the dollar reserves of Russia's central bank. To be clear, these were not American assets, but were dollars owned by the Russian central bank and the Russian people. The seizure was intended to cause bank runs and collapse Russia's credit system. It didn't work.

Instead, it exposed the Biden administration's willingness to violate the trillions of dollars foreigners rightfully own. The danger of this precedent is difficult to overstate"

https://www.zerohedge.com/geop...

"'And as a result, dollars begin to look much less appealing to the rest of the world - and so de-dollarization began, and it has accelerated at remarkable speed, almost without comment in the American media, over the last year'"

Is this just another angle to attack Biden? It certainly seems that this issue has been coming to a head for longer than the current administration, and I have to admit, the argument has me persuaded. I'm not looking for someone to blame. I'm just wondering, is the sky falling? Are thoughtful investors pulling their funds out of the market, or is this similar to how Buffett addresses inflation, where the best response is to continue to hold American companies that generate mountains of cash?

Thanks.