Pepe Escobar, the cradle: The adoption of commodity-backed currencies by the Global South (Latin America, Asia, Africa, and Oceania) upend the US dollar’s dominance and level the playing field in international trade… Let’s start with three interconnected multipolar-driven facts. First: One of the key take-aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other
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