This month, the Central Bank of Zimbabwe launched a new gold-based currency, the first gold-based currency from a government since Richard Nixon effectively ended the world gold standard system in 1971. As long as the Central Bank of Zimbabwe adheres to some important principles, and doesn't play politics, it should be fine. Read More ›
The military withdrawal from Afghanistan led to the Saudi decision to join the BRICS nations and trade oil in multiple currencies. This is one of the more visible omens of the end of the U.S. dollar hegemony and reserve currency status. Read More ›
