For years, the headlines have warned of the dollar’s decline. China is dumping Treasurys. The BRICS nations are plotting a gold-backed currency. Central banks are hoarding bullion. De-dollarization is the goal from Moscow to Brasília. And if you follow the headlines – or even most analysts on Wall Street – you’d think the era of American financial dominance is coming to an end. Here’s the actual title of a recent research report from JPMorgan: {image} But here at Brownstone Research, we see things differently. While the world watches for signs of dollar weakness, we see a much more powerful shift quietly unfolding. ... (full story)