Geopolitical Economy Report
Is Trump the last straw for the dollar system?
Apr 24, 2025
Join economist Michael Hudson, known for his sharp insights on the dollar system, and economic geographer Mick Dunford, who analyzes U.S. economic challenges. They explore whether Trump's policies mark the end of dollar dominance. Topics include the dollar's declining reputation, the impact of U.S. debt on its reserve status, and rising gold prices indicating potential asset bubbles. The discussion also delves into military spending's influence on the dollar and the shifting dynamics of U.S. asset ownership in a multipolar world.
59:33
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Quick takeaways
- The increasing instability of the dollar system is fueled by political volatility under Trump, undermining trust in U.S. financial assets.
- The emergence of digital currencies like the renminbi threatens the dollar's dominance, signaling a potential shift in international trade dynamics.
Deep dives
The Financial Instability of the Dollar System
The dollar system is increasingly viewed as unstable due to the simultaneous sell-off of U.S. stocks, bonds, and dollars, which traditionally serve as safe haven assets during crises. Recent reports highlight a growing lack of trust in the U.S. financial system, attributed in part to the political climate under the Trump administration. Investors are questioning the reliability of the dollar as a reserve currency, leading to a realization that the U.S. could be facing a significant financial reckoning. Analysts have observed a shift in sentiment, suggesting that the long-standing belief in the dollar’s supremacy may be unraveling.
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