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Dollar to Get Knocked Off Its Pedestal
Nellie Bailey and Glen Ford
27 Feb 2018

Duboisian scholar and activist Dr Anthony Monteiro said the Chinese yuan will topple the dollar from its artificial position as the world’s reserve currency. The rise of the yuan “will redefine the entire architecture of global trade and the relationship of currencies” and “end the special, exorbitant privileges that the U.S. dollar has held since 1971,” when President Nixon took the U.S. off the gold standard.

 

U.S. Imperialism in Decline

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