Why are countries seeking alternatives to the US dollar? And what role can central bank digital currencies (CBDCs) play in dedollarization? Ben Norton explains how China is using the e-yuan (e-CNY) in new institutions like the mBridge system.
VIDEO: https://youtube.com/watch?v=v61dgvN81n0
US Congress plots to save dollar dominance amid global de-dollarization rebellion: https://geopoliticaleconomy.com/2023/06/20/us-congress-dollar-dominance-hearing
Topics
0:00 De-dollarization
6:03 Central bank digital currencies (CBDCs)
10:41 mBridge system
12:24 Why China and other countries use CBDCs
16:43 Surveillance? Or privatized tyranny?
19:54 Why Wall Street opposes CBDCs
25:21 Stability and bank bailouts
27:59 Monetary sovereignty
30:12 mBridge experiments
32:39 International trade (without dollars)
40:10 Why are CDBCs so feared in the US?
41:47 Outro
Geopolitical Economy Report