Ep. 2627 Is the Dollar About to COLLAPSE as the Worlds RESERVE CURRENCY?

Published: June 17, 2024, 10:52 p.m.

Is the dollar about to collapse as the world\u2019s reserve currency? As of last week, the petrodollar, the 50-year agreement between the United States and Saudi Arabia to price all international oil transactions in US dollars officially came to an end, causing a number of forecasters to openly ask: does the end of the petrodollar forecast the end of the US dollar as the world\u2019s reserve currency? And if so, what\u2019s replacing it? That\u2019s what we\u2019re going to find out in today\u2019s episode.

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Highlights:

  • \u201cThe percentage of global reserves in U.S. Dollars has fallen from 72% in 1999 to a new low of 59% today.\u201d
  • \u201cDe-dollarization means that the Treasury can no longer continue to print money at the pace it\u2019s been doing over the last several decades, which in turn means that perhaps, finally, our government can at least begin the process of living within its means - stop the endless funding of foreign wars and prioritize the interests of the people over against the interests of a financial class led by an out of control Federal Reserve.\u201d

Timestamps:

[01:26] Venture capitalist Balaji Srinivasan mocking the Fed and their ridiculous denialism

[05:15] As nations move from dollars toward gold, what will happen to the dollar?

[06:40] How de-dollarization may benefit our nation


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