Stop Saying the U.S. Dollar Is Strong, ‘It’s a Lie’; China on Track To Become Reserve Currency

Stansberry Research
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"The renminbi is the ascendent currency, the dollar is in decline," proclaims Mark Yusko, Morgan Creek Capital Management founder and CEO. The dollar has been the world's reserve currency for over 70 years, "but that's rapidly coming to an end," he tells our Daniela Cambone in part one of this interview. "We're in a recession right now," and the Fed has not acknowledged that, Yusko continues. "[The Fed] will start cutting rates in the fall," he predicts. Yusko concludes that China is the emerging contender to be the world's next global superpower, "and the next war will be fought with chips, not ships."

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Chapters:

00:00 Inflation in the 70s
7:05 Where will the inflation go from here?
11:00 Inflation is a hoax
18:10 How much of this inflation is real?
21:22 The dollar is not strong
25:31 Chinese yuan on its way to becoming the global reserve currency
28:54 Will U.S. dollar continue to be the world’s reserve currency?
34:53 Can the U.S. still be the global superpower with the dollar losing its reserve currency status?