"The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency, presumably due to its muscular use of sanctions," says CEO and co-CIO of Eurizon SLJ Capital.
"What we've learned is that there are now nine confirmed Biden family members who have received some type of deposit from, what I would consider, adversarial countries around the world — not just China," said Rep. Comer.
The Chinese yuan has surpassed the U.S. dollar in trading volume on the Moscow Exchange due to Russia moving away from transacting in the currencies of "unfriendly" countries amidst sanctions.
The House Oversight Committee led by Republican Chairman James Comer has issued subpoenas to several major banks requesting financial records belonging to the Biden family, while Democrats on the committee have accused Comer of withholding information and playing political games.
Last week, 25 of the largest banks in the United States recorded a $90 billion outflow of deposits after initially seeing an increase in deposits following the collapse of Silicon Valley Bank (SVB).
