ITM Trading Podcast šØTrump's GENIUS Act Plan: Stopping the Dollar's Silent Exodus Before It's Too Late!
Nov 5, 2025
In a riveting discussion, Professor Steve Hanke, an applied economist from Johns Hopkins, reveals his pivotal role advising the White House on a pro-dollarization strategy to counter de-dollarization efforts led by China. He highlights Argentina as a crucial candidate for dollarization, which could trigger a domino effect across South America. Hanke shares his successes in Ecuador and outlines the potential economic benefits of dollarization, while exploring the implications of dollar-backed stablecoins and the Genius Act.
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U.S. Is Building A Pro-Dollarization Strategy
- Steve Hanke says the U.S. is actively developing a heavy-duty, pro-dollarization strategy to counter China-led de-dollarization.
- He compares current efforts to past work advising China and emphasizes serious policy planning within the White House and Treasury.
Real Dollarizations In Montenegro And Ecuador
- Hanke recounts advising Montenegro and Ecuador on replacing local currencies with strong anchors like the German mark and the U.S. dollar.
- He highlights real-world experience designing full dollarizations and currency boards in multiple countries.
Stablecoins Can Clone The Dollar
- Stablecoins under U.S. regulation could act as private currency boards if fully backed by dollar reserves.
- Hanke notes these tokens would be clones of the dollar but not legal tender like official dollarization.