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Death of the USD?! News of the Money-World Ep 64

NZ Everyday Investor

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The Weaponization of the US Dollar

The weaponization of the dollar is the first time that we've seen the US kind of go, look, you know what, we're a reserve economy of the world. That's why interest rate rises in the US absolutely kill emerging markets because they borrow at US dollars and then they have to repain US dollars. Does that mean that we are driving probably growth in trade outside of the US dollar trade? Yes, it does. I mean, the Saudis, the Chinese, the Russians, they will all start to use Chinese Yum. But at the end of the day, does that make that a global currency? No, that's just three autocratic regimes that have figured out a

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