Harnwell: Nobel laureate warns of “cataclysm for the current dollar-dominated economic system”

The WarRoom has been ringing the 3am fire bell for two years regarding “de-dollarisation”. The Financial Times and a Nobel Prize-winning economist now add their voices to the alarm.

An FT editorial warns of the disintegration of the international rules-based order if the West proceeds to seize €260bn of Russian central bank assets and give them to Ukraine.

And Yale academic Robert Shiller warns “If America does this to Russia today... tomorrow it can do this to anyone…This will destroy the halo of security that surrounds the dollar and will be the first step towards de-dollarisation.”

Sources:

https://www.ft.com/content/b46a3308-b048-44fd-b619-0b92c404c379

https://www.zerohedge.com/geopolitical/robert-shiller-warns-cataclysm-us-dollar-reserve-status-if-confiscated-russian-assets

https://www.ft.com/content/7ef39cca-262d-4c52-8b59-1ac008ca7f56

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Hi there folks, thanks for watching!

I’m Benjamin Harnwell, International Editor of “Steve Bannon’s WarRoom” — the Number 1 ranked US political podcast.

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Aired On: 12/27/23