Donald Trump's Threat To Punish Countries That Drop U.S. Dollar Will Speed Up De-Dollarization

Donald Trump's Threat To Punish Countries That Drop U.S. Dollar Will Speed Up De-Dollarization

Sept. 13, 2024

THE CURRENCY WAR - FOLLOW THE MONEY

Geopolitical Economy Report

Donald Trump has threatened that, if he comes back as U.S. president, he will impose 100% tariffs on countries that drop the dollar, trying to cut off their trade.

Ben Norton discusses how this will accelerate the global de-dollarization movement, incentivizing more nations to join China, Russia, and BRICS in seeking financial alternatives.

TOPICS

0:00 (Clip) Trump threatens countries that drop US dollar
0:49 De-dollarization
2:06 (Clip) Trump pledges tariffs on nations that de-dollarize
2:24 Dollar system is not a "public good"
3:03 BRICS
3:49 BRICS Bank (New Development Bank)
4:33 Brazil's Lula calls to drop US dollar
5:10 China & Brazil de-dollarize trade
5:35 China & Russia de-dollarize trade
6:01 Russia & Iran de-dollarize trade
6:10 Southeast Asia (ASEAN) de-dollarizes
7:05 (Clip) Trump: "I would not allow countries to go off the dollar"
7:37 Trump's plans to punish independent countries
8:22 Dollar system and US imperial decline
10:00 China is biggest trading partner of most countries
11:11 BRICS GDP (PPP) is bigger than G7
12:27 Largest economies on Earth (Rise of Global South)
14:01 US imperialism is in crisis
16:27 China's share of global trade
16:40 China de-dollarizes its trade
20:10 China buys oil & gas in yuan/renminbi
21:56 De-dollarization of trade vs savings (investment & reserves)
22:40 China dumps US Treasury securities
25:11 China's central bank buys gold
25:56 JP Morgan report on dedollarization
27:07 Multipolar financial world
29:01 Outro

Check out our related video "De-Dollarization: China drops US Treasury bonds, instead buys gold, oil, metals": https://youtu.be/z-bnIrbZjaM

Sources and more information here: https://geopoliticaleconomy.com/2024/09/13/trump-threat-punish-dedollarization-dollar/

Original: https://youtu.be/4sYacRjSND4

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