E06: Dollar Dominance

In this episode, we will dive headfirst into the deep end of the finance pool to chat about the big kahuna itself – the U.S. Dollar! Why is the US Dollar the head honcho of currencies? Why does it have such staying power? Is it shinier than gold? Is it losing its shine? Are there new contenders? Or will it outlast all other currencies? This episode has more suspense than a cliffhanger season finale and more economic jargon than your uncle trying to explain his investment portfolio. So, prepare to laugh, learn, and possibly reconsider your piggy bank's life choices, because we will give you the lowdown on whether the Dollar's dominance is fading or just taking a coffee break! #internationalnews #internationalrelations #internationalaffairs #news #politics #dollar #bric #brics #currencies #yuan #rupee #rand #rouble #real #india #brazil #russia #china #southafrica #gold ▬▬▬▬▬▬▬▬▬▬ Follow us ▬▬▬▬▬▬▬▬▬▬ ⁠Youtube⁠: https://www.youtube.com/@WorldDeconstructed ⁠Tiktok⁠:https://www.tiktok.com/@world.deconstructed ⁠Instagram⁠: https://www.instagram.com/world.deconstructed/ ▬▬▬▬▬▬▬▬▬▬ Where to listen ▬▬▬▬▬▬▬▬▬▬ ⁠Spotify⁠: https://podcasters.spotify.com/pod/show/worlddeconstructed ⁠Apple Podcasts⁠: https://podcasts.apple.com/us/podcast/world-deconstructed/id1687679441 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9lMGRiY2Y4Yy9wb2RjYXN0L3Jzcw ⁠Amazon Music⁠: https://music.amazon.com/podcasts/04d71b46-7ce2-4108-9484-256a13b689c0/world-deconstructed ▬▬▬▬▬▬▬▬▬▬ Segments ▬▬▬▬▬▬▬▬▬▬ 00:00:00 Show Intro 00:00:09 Episode Intro 00:00:37 History 00:01:54 End of Convertability 00:02:48 Globalization 00:04:02 Current Situation 00:05:20 New Kids on the Block 00:07:19 Response from US 00:10:42 Episode Wrap Up 00:10:50 Show Wrap Up ▬▬▬▬▬▬▬▬▬▬ Learn More ▬▬▬▬▬▬▬▬▬▬ The Dollar: The World’s Reserve Currency | Council on Foreign Relations (https://www.cfr.org/backgrounder/dollar-worlds-reserve-currency#chapter-title-0-1) Opinion | The U.S. Dollar as Reserve Currency: Probably Still Safe - The New York Times (https://www.nytimes.com/2023/05/02/opinion/us-dollar-reserve-currency.html) The High Price of Dollar Dominance | Foreign Affairs (https://www.foreignaffairs.com/united-states/high-price-dollar-dominance) Dollar dominance: Preserving the US dollar’s status as the global reserve currency - Atlantic Council (https://www.atlanticcouncil.org/commentary/testimony/dollar-dominance-preserving-the-us-dollars-status-as-the-global-reserve-currency/) BRICS Has No Immediate Plan for a Currency, CFO of Its Bank Says - Bloomberg (https://www.bloomberg.com/news/articles/2023-07-05/brics-has-no-immediate-plan-for-a-currency-cfo-of-its-bank-says) Calls to move away from the U.S. dollar are growing — but the greenback is still king (https://www.cnbc.com/2023/04/24/economic-and-political-factors-behind-acceleration-of-de-dollarization.html) A BRICS Currency Could Shake the Dollar's Dominance (https://foreignpolicy.com/2023/04/24/brics-currency-end-dollar-dominance-united-states-russia-china/) China, Russia and their BRICS allies have a 'medium to long term ambition' to create a dollar rival as a currency, official says (https://fortune.com/2023/07/05/will-dollar-get-replaced-brics-brazil-russia-india-china-africa-ambition/) The secret to the dollar’s success? Nope, it’s not trade. | Stanford Institute for Economic Policy Research (SIEPR) (https://siepr.stanford.edu/news/secret-dollars-success-nope-its-not-trade) How the U.S. Dollar Became the World's Reserve Currency (https://www.investopedia.com/articles/forex-currencies/092316/how-us-dollar-became-worlds-reserve-currency.asp)