Evening Edition: Could The Debt Default Bring The Demise Of The Dollar?

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.7K Ratings

🗓️ 17 May 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

China's yuan has been gaining increased use globally and often does when countries like Russia are being sanctioned. With China's strict business rules and a constantly developing capital, could the dollar be overtaken by the yuan? FOX's John Saucier speaks with Craig Singleton, China Program Deputy Director and Senior Fellow at the Foundation for Defense of Democracies, about the current predictions of the demise of the dollar and whether it could happen. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Dana Perino.
0:01.0	I'm Juan Williams.
0:02.0	I'm Kennedy, and this is the Fox News rundown.
0:05.0	Wednesday, May 17, 2023.
0:11.1	I'm John Sasi-A.
0:12.9	Here's a phrase you may not be familiar with.
0:15.4	D-Dollarization.
0:17.2	The idea here is that other countries, particularly China, are moving away from trading with
0:21.3	US Dollar and use other means for international trade.
0:24.8	This trend is slowly developing, but enough to knock the dollar off its pedestal.
0:28.8	We're seeing the rise of, I think, what we can think of as, like, non-US economic blocks.
0:35.7	And as there's increasing geopolitical tension, it has really caused a lot of countries
0:40.0	just to rethink their dependency on the dollar.
0:43.9	This is the Fox News rundown, evening edition.
0:50.5	From the Fox News Podcasts Network, I'm Ben Dominic, Fox News contributor and editor
0:55.3	of the Transome.com Daily Newsletter, and I'm inviting you to join a conversation every
0:59.8	week.
1:00.8	It's the Ben Dominic podcast.
1:01.8	Subscribe and listen now by going to FoxNewsPodcasts.com.
1:06.5	Trying to make sense out of not using the dollar.
1:09.0	Our task today is China is trying to exert its influence on the economic level by trading
1:13.5	in their currency instead of ours.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from FOX News Podcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of FOX News Podcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.