Hey Peter Navarro here with the latest Taking Back Trump's America podcast and Substat.

Yeah, Communist China's digital currency Orwellian assault.

The US dollar is the world's reserve currency and the swift system for

global money transfer represent the twin pillars of a transparent international

financial system capable of policing criminal activities

and deterring rogue nations from conduct outside international norms.

Today both pillars are crumbling as Communist China

strategically pushes adoption of its new digital currency, the digital one.

Since the 1944 Brenton currency, the digital one.

Since the 1944 Brentwood's accord, the US dollar has served as the world's primary reserve

currency, with central banks around the world holding about 60% of their foreign reserves and greenbacks,

compared to about 20% for the euro, and around 5% for the Japanese yen and British pound. This global dollar demand has in turn

artificially increased its value as measured in its exchange rate. For U.S. citizens the big advantage of this stronger dollar

is that it pushes interest rates and mortgage rates lower than they would otherwise

be. On the other hand, and this was a point I often made in the Trump White House,

a strong dollar also spikes the U.S. trade deficit

as imports are cheaper and our exports less competitive, effectively

exporting American jobs and factories. These pros and cons notwithstanding the geopolitical advantage of King Dollar is this.

With so much of foreign transactions and trade in dollars, the U.S. is able to impose financial

sanctions on countries that engage in behavior outside international norms.

For example, Communist China is crushing of Hong Kong, Russia's invasion of Ukraine,

Iran's development of weapons of mass destruction to attack Israel. It is in America's fulfillment of this geopolitical policing

...