2 years ago

Professor of Applied Economics Steve Hanke believes that those calling for the end of U.S. dollar hegemony may have to wait a very long time, for reasons he outlines in this interview. Steve also gives his views on the war in Ukraine and what the real purpose behind it is, and his forecast for the economy a potential deep recession.

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00:00 Introduction
01:18 Futility of Economic Sanctions
06:54 Why Are Sanctions the Default?
12:15 U.S. Military Spending
17:09 Real Purpose of Ukraine War
19:48 Why is U.S. Not Negotiating for Peace?
22:11 Trend of Dedollarization
26:53 What is Backing the U.S. Dollar?
29:53 Central Bank Digital Currencies
34:23 CBDCs as an Economic Weapon
38:54 Economic Outlook
47:22 Portfolio Allocation