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Learn economics in five minutes: Today we'll learn the underlying logic of the gold crash.
If someone says the dollar hegemony is coming back, would you believe it?
In the past few years, everyone has been talking about de-dollarization, with the dollar's share of global foreign exchange reserves falling from 72% to 58%.
Central banks have been buying gold frantically, and the dollar hegemony seems to be in irreversible decline.
But the new Federal Reserve Chairman, Warsh, does not think so.
Warsh wants to make the dollar great again.