A series of major moves in the last several weeks have threatened the dominant status of the U.S.

dollar in world trade.

The global power of U.S. banks and corporations has, for decades, been premised on the status

of the dollar as the world's reserve currency.

But this is now being called into question as China,

Russia, Brazil, and other economic powerhouses in emerging countries move towards using their

own national currencies instead. We need a new system. We need a new society. We need to demand that which may have sounded

impossible even a few weeks ago, but is not only realizable, but an imperative necessity. We are very excited to have Professor Richard Wolfe join us again for our regular weekly segment

where we talk about the biggest stories related to the economy, the state of the working class,

and the crimes of big business.

I'm your host, Brian Becker. The Socialist Program brings you

content three days a week. Thanks to the support of our patrons at patreon.com forward

slash the socialist program. We appreciate all of your support and encourage you to become a

patron today if you enjoy listening to this show.

Richard Wolfe is the co-founder of the Organization Democracy at Work, the author of many books.

The latest being the sickness is the system when capitalism fails to save us from pandemics or itself.

Be sure to check out all of his work at rdD-Wolf.com. That's R-D-W-O-L-F-F.com. Professor Wolf, welcome back.

Thank you, Brian. I'm very glad to be here. Thank you. Richard, we want to talk about whether

this story is real, whether it's been hyped, whether

it's a harbinger. I want to get your take on the fact, the reality that at least some

parts of the world are moving to trade and have economic commerce without the dollar. I want to read to you a few

of the headlines. Putin is strengthening the yuan's role, that's China's currency, as Russia's

...