2,017 words
Saleha Mohsin
Paper Soldiers: How the Weaponization of the Dollar Changed the World Order
New York: Portfolio, 2024
[. . . ] in April 2023, Brazil’s President Luiz Inácio Lula da Silva drew loud applause from an audience of Chinese dignitaries in Shanghai when he heralded the demise of the dollar. “Every night I ask myself why all countries have to base their trade on the dollar. Who was it that decided that the dollar was the currency after the disappearance of the gold standard?” he asked the delighted crowd. (more…)