This is the Ramsey Call of the Day, part of the Ramsey Network.

Today's question comes from Zach in Alabama.

He asks, I'm reading more and more about de-dollarization and countries moving away from the U.S. dollar as their basis of international trade.

Will this affect the strength of the dollar, and should I be concerned about how I'm saving and

investing as a result of this?

Number one, Zach, you're spending too much time on the internet, first and foremost, okay?

Because you've gotten into the conspiracy theory blanks here.

Now, what is really going on?

Okay, I'm concerned with how it's going.

Let me see.

Moving away from the U.S. dollar as their basis of international trade.

Let me just tell you, China and Brazil and Russia are the U.S. dollar as their basis of international trade. Let me just tell you, China and Brazil

and Russia are the three main players in this. They already don't use the U.S. dollar

as their basis of international trade. Russia has its own currency, so does China, and so does

Brazil. And there's a conversion rate between

that currency and the U.S. dollar. So many dollars equals so many yen. Okay? And, you know,

when you go to Mexico, a whole bunch of pesos equals a dollar, right? Like 20 of them. So,

you know, you've got a conversion

rate from one currency to another. What these particular, the three largest countries, and they're

talking about bringing in some of the oil countries as well in the Middle East, are doing,

is they're trying to come up with one currency that they all use, and then that would be an international trade converted back and forth to dollars.

Much like Europe did with the euro, which, by the way, kind of didn't work.

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