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Morning Wire

End of U.S. Dollar Dominance | Saturday Extra

Morning Wire

The Daily Wire

Daily News, News

4.925.6K Ratings

🗓️ 8 April 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Several countries have agreed to ditch the US dollar in their trade deals instead moving to establish the Chinese yuan as the dominant international currency. In this episode we talk with an expert about the effort to move away from the U.S. dollar as the world’s reserve currency and what it means to the US and world economies. Get the facts first on Morning Wire. Ad: Epic Will: Get 10% OFF your Will! EpicWill.com/WIRE

Transcript

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0:00.0

Brazil and China have made a deal to ditch the US dollar when paying each other for traded goods.

0:08.4

The move is only the latest victory for Beijing, and its effort to establish the Yuan

0:12.4

is the dominant international currency.

0:15.2

The deal comes on the heels of similar bargains with other countries such as Russia, India,

0:20.1

and Saudi Arabia.

0:21.8

It's Saturday, April 8th, and this is an extra edition of Morning Wire.

0:29.2

According to a recent poll, 62% of Americans who think about their own death a lot of the

0:33.3

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0:34.9

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0:38.5

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0:40.8

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0:45.4

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0:53.8

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0:58.0

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1:03.1

Joining us to discuss is John Rabino, author of multiple books on the economy and investing

1:06.9

and creator of Rabino, Substack.

1:09.1

Hi, John.

1:10.1

So, several nations have recently announced that they will no longer be using the US dollar

1:14.1

for trade deals instead they're moving toward the Chinese Yuan.

...

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