Ep. 2627 Is the Dollar About to COLLAPSE as the World’s RESERVE CURRENCY？

Turley Talks

Is the dollar about to collapse as the world’s reserve currency? As of last week, the petrodollar, the 50-year agreement between the United States and Saudi Arabia to price all international oil transactions in US dollars officially came to an end, causing a number of forecasters to openly ask: does the end of the petrodollar forecast the end of the US dollar as the world’s reserve currency? And if so, what’s replacing it? That’s what we’re going to find out in today’s episode.

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Highlights:

• “The percentage of global reserves in U.S. Dollars has fallen from 72% in 1999 to a new low of 59% today.”
• “De-dollarization means that the Treasury can no longer continue to print money at the pace it’s been doing over the last several decades, which in turn means that perhaps, finally, our government can at least begin the process of living within its means - stop the endless funding of foreign wars and prioritize the interests of the people over against the interests of a financial class led by an out of control Federal Reserve.”

Timestamps:

[01:26] Venture capitalist Balaji Srinivasan mocking the Fed and their ridiculous denialism

[05:15] As nations move from dollars toward gold, what will happen to the dollar?

[06:40] How de-dollarization may benefit our nation

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