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The Rich Zeoli Show

Could the Dollar Be Dethroned as the World’s Reserve Currency?

The Rich Zeoli Show

Audacy

News

4.91.6K Ratings

🗓️ 30 March 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

Dr. E.J. Antoni—Research Fellow for Regional Economics in the Center for Data Analysis at The Heritage Foundation—joins The Rich Zeoli Show to discuss his most recent article for The Daily Caller, “This Could Be the Final Nail in the Dollar’s Coffin.” Dr. Antoni writes: “Joe Biden is dethroning King Dollar in real time. The US dollar’s financial dominance is under siege from a uniquely bad combination of foreign and domestic policies, and Americans should be deeply concerned by the fallout if the dollar loses its 80-year reign as the world’s reserve currency… If foreigners no longer want [dollars] for trade, central bank reserves, private wealth funds, and the official currency of about a dozen countries, all those dollars have nowhere to go but back to us in a flood like our country has never seen. This flood will compete for goods and services in the US against the dollars already here as decades of accumulated trade deficits come flooding back all at once. At that point, hyperinflation will not be hyperbole.” You can read Dr. Antoni’s full article here: https://dailycaller.com/2023/03/30/opinion-the-ukraine-war-could-be-the-final-nail-in-the-dollars-coffin-ej-antoni-peter-st-onge/

Transcript

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0:00.0

W-P-H-D-W-H-D-H-D-W-O-G-L-H-D-D-D-D-R-Philadelphia

0:06.0

From the Cheerio Volos studios, where relationships matter

0:09.6

Always live on a free Odyssey app, the Revolution

0:13.8

No, we brought you a discussion

0:16.7

This is the next generation of talk

0:20.3

Now, this is the drive at 5.30 minutes of non-stop talk

0:27.4

With Rich, CEO Lee

0:30.1

The question, of course, is when will the dollar come to an end?

0:34.3

That is the question that we will find today

0:37.1

With our buddy, Dr. E.J. Antoni in just a moment

0:41.2

But I want to give you a quick update, you know, the White House today

0:45.3

Corinne Jean-Pierre said,

0:47.4

The transgender community

0:50.5

Is facing great threats, they're facing great threats

0:53.7

After the Nashville school shooting

0:56.6

After, excuse me, the Nashville school shooting

1:00.8

So, I'll share that with you as time progresses

1:05.2

But it's always great to have you here on a Wednesday afternoon

1:08.5

And the first day of baseball, obviously

1:10.8

Dr. E.J. Antoni, my guest economist and research fellow at the Heritage Foundation

1:16.0

Dr. Antoni, how are you, my friend?

1:19.3

Oh man, I'm watching the world fall part

...

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