China is quietly destroying the dollar — and that’ll cost you. Fight back with these money moves.
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China is quietly destroying the dollar — and that’ll cost you. Fight back with these money moves.Listen(11 min)Listen(11 min)China controls the rare earths. China controls the cobalt. China, through its Belt and Road spending spree, now controls most of the mines in Africa that produce the stuff inside your phone, your car and your refrigerator.And now, China has figured out how to price and settle all of it without using a single U.S. dollar DXY — and nobody’s told you. About the AuthorCharlie Garcia is the founder of R360, a global community of individuals and families with a net worth of $100 million or more. He is editor-in-chief of the Night Owl, R360’s exclusive publication delivering contrarian insights into global markets. Garcia is the author of the books “A Message From Garcia” and “Leadership Lessons of the White House Fellows.” A bitcoin enthusiast, he runs his own node.Copyright © 2025 MarketWatch, Inc. All rights reserved.