"$34.7T debt, dollar reserves collapsing from 71% to 58%, and central banks hoarding gold like it’s 1967—this isn’t ‘geopolitics,’ it’s math. When even BRICS (32% of global GDP) and Russia-China (60% non-dollar trade) bail faster than Washington can print, you know the oil shock won’t save the petrodollar."
"Gold demand at 56-year highs, allies dodging tariffs, and reserve managers dumping dollars—tell me again how ‘strong’ the currency is when the world’s voting with their balance sheets? Spoiler: commodities and non-Western currencies win."
https://theboard.world/articles/markets/currencies-benefit-from-oil-price-shock