Breitbart Economics and Finance Editor John Carney provides insight on the value of the U.S. dollar on ‘Kudlow.’
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BRICS, OPEC+, ASEAN, Africans and South Americans will want to drop the dollar. The guest is trying to minimize the true magnitude of the dedollarization going on. Pretty much everyone that is not western ally will want to ditch, that’s the majority of the world.
It will not be 1 currency replacing the dollar but a basket of currencies backed by real resources to stop 1 currency from dominating. It will create a new democratic trade system that’s fair to all countries. Does the US have something against democracy?
King Dollar going up big time. Gold to hit 1300 an ounce!!
All of the BRICS (5) countries + most OPEC (13) countries + a large portion of BRI (150+)countries will ditch US$. These will account for roughly half to 2/3 of the world trade. Chinese Yuan is not a good reserve currency. Gold and silver are better than any fiat currencies.
Trump pissed off the world with Tariff. Now the world is now retaliation of Trump, with using a new currency instead of the America dollar. America will be left alone!
"You can do anything, but not everything." –
Do either of them realize that the pandemic was a black swan event?
Maybe, maybe not!
am surprised how biased and ignorant Kudlow is: Brics are not proposing just Yuan…..their trading currency is being debated. ANd gold is going to be a larger % of reserves, and US$ will only be a much smaller % of global reserves. The US plutocrats will go to war soon.
China is not the only country de-dollarizing. India a democratic US ‘ally’ is also getting away from it. China and India together have 40% of the world population. Both are rising economic entities.
Thank Biden s Sanctions..plus Confiscating Russia s money $300 Billion & private investors USA & EU Not safe invest your money !!! Money running out
Rome wasn't built in one day, but it was built. I don't believe that Chinese Yuan will replace the US currency, but China does not want to make any deals using the US currency as an intermediary. Why should China? Many other countries are following the same route. So, the US currency will only be used for trades with the US eventually and no more. Remember that the power of the US currency has no real value of its own because it is not pegged to any tangible commodities like gold. The value of US currency is tied to the trust of the US government, and the trust is fading fast.
Blame the FED and corrupt individuals who weaseled their way into regulatory positions. Reject CBDC’s
Wow that’s a really gutsy prediction. NOT
China only has to insist on payment for their goods in Yuan, & it's 90% done.
The dollar on the verse of total collapse, as it most western nations, due to massive debt and being FIAT, debt based currencies. When gold was removed as the collateral for currencies, it was only a matter of time, before out of control borrowing and spending, with worthless bond sales, that the day would come, when toilet paper would be more useful, than the dollar and her children.
Where are You hitting tonnn ??
This is controlled opposition
If Biden is around another term America will not be America ! It will be utterly destroyed by this administration. Sad to say America will be destroyed before Biden is gone. The next year and a half is tribulation a cataclysm and Armageddon will all occur under that wicked administration. Elections have consequences will be a foot note to a civilized world, lost.
I swear Carney looks like a Beaver …..
The dollar is already
The Chinese yuan will not become the reserve currency, it will be more like gold and other commodities will act as the reserve value. Like GBP and USD used to be.
That's nothing new they always have a 10 yr plan .Corp Greed
You have NO IDEA what will have happened in 10 years.
The Yuan has a stylized Star of David which means ROTHSCHILDS run China's Bank as well….On the Yuan….Same ol BS…..
The "Dollar" wont exist 2 years from now so the price 10 years from now is a moot point
Default on the debt ceiling and make it happen sooner!
Americas enemies have stopped using the Dollar. Yous will feel the pinch very soon.
Understatement of the year.
THE US AND ITS VASSALS ARE ONLY 15% OF THE GLOBAL POPULATION.
WE HAVE DIVIDED THE WORLD, WE HAVE DESTROYED NATIONS AND MURDERED MILLIONS ON ONE LIE AFTER ANOTHER ANOTHER. THE REST OF THE WORLD WHICH IS 85% OF THE GLOBAL POPULATION HAVE HAD IT. THEY ARE DUMPING THE DOLLAR LEFT AND RIGHT. CHINA EXPORT TO THE U.S IS ONLY 2% OF THEIR GDP.
John Carney – you're an absolute moron.
How about 10 days from now!!