Bi-Weekly Geopolitical Report – Enter the Petroyuan (3/6/2023)

Confluence has been suggesting for some time now that the world is in the process of fracturing into two competing economic and geopolitical blocs, one led by China and the other by the US. If this is true, will the dollar remain the world's reserve currency, and should we be alarmed if it doesn't? Should our long-term investment strategy change as a result? Confluence Chief Market Strategist Bill O'Grady discusses these questions along with a recent development that is the catalyst for this conversation on the dollar's future.