Dedollarization & the Petrodollar w/ Richard Wolff
Guerrilla History
00:00
The Dangers of Sanctions Use on the Dollar
Ruben Navarrette: The effectiveness of sanctions is going to wane as people seek alternatives. He says Marco Rubio said on Fox News, we won't have to talk sanctions in five years because there will be so many countries transacting in currencies other than the dollar. This week, President Lula in Brazil said, why are we all being forced to use the dollar? Emmanuel Macron made reference to the dollar in that same way.Navarrette: European Commission has talked about after Trump pulled out of the Iran nuclear deal, talked about creating an alternative to American dominated payment system.
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