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As if we could use another threat, China and Russia are ramping up their effort to de-dollarize the world. In layman’s terms, they want to remove the dollar’s sacred status as the petrodollar and world reserve currency.
Many will tell you this is a response to the U.S. weaponizing the dollar against Russia when they kicked the country out of the SWIFT system. However, this planned attack on our currency has been planned for a very long time.
The big question is, what happens if the dollar loses those statuses?
Joining me on today’s show is global finance expert, Andy Schectman, to discuss just that.
Seth Holehouse, Man in America, can be heard on Sat and Sun at 1 pm ET on America Out Loud Talk Radio. Listen on iHeart Radio, our world-class media player, or our free apps on Apple, Android, or Alexa. All episodes can be found on podcast networks worldwide the day after airing on talk radio.