Wall Street legend Zoltan Pozsar warns that the US dollar is under attack with China leading the campaign to de-dollarize the world. We are moving towards a multi-polar world and a new financial order is building. Here is China’s grand plan to undermine the dollar by building new alliances and using the power of CBDCs. You must understand this!
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✅ Timestamps & Chapters:
0:00 The Dollar Is Under Threat!
2:54 China Is Building Support
5:58 The Great De-Dollarization Push
8:44 Away From Dollars Into Gold
11:57 CBDCs Will Change The Game
14:22 The World Order Is Changing
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25 Comments
All the sanctions the USA is placing on everyone has most of the world re-thining their position as they could be next if they don't bend the knee to any request the US makes ( note, usually these request only benefit the US )
The USD is not going anywhere because nobody has proven they can be more reliable than the USD.
Anyone who doesn’t read Zoltan (if they’re a professional in an area that impinges on global finance) is going to be in the back of the class.
U$D is under attack??? By whom?
Isn't it odd when nations chose to do their own thing, the very definition of sovereign may be because U$D is no longer such a good deal, may be because U$ is weaponising their currency?
So it is misinformation to say China is attacking U$D, China like many other sovereign nations found that U$ is no longer a reliable trade partner and therefore had chosen to hedge their funds/reserves in something else.
YOU have done the same by stacking gold right?
Why can't other nations defend themselves?
U$ downfall, is not because they were under attack, U$ downfall is entirely their own doing, through belligerent foreign policies. It is no secret U$ seek the destruction of China and RF, with 24/7 smear campaigns.
U$ has broken every treaties known to man, just ask the Iranians, in the same way, they have broken or ordered the Minsk Treaties be ignored leading to the Ukr conflict, and at the same time embarked on global anti Russia, demonising RF just like someone from Austria during WW2.
We all know Singapore is a U$ vassal state, so you are obligated to sell the China fear.
I think the worst is come
Of course Zoltan Pozsar is right. Are you kidding me? I knew all along that CBDCs are Anti-SWIFT & Anti-Sanctions & Anti-Dollar paying systems. America will lose the privilege of the global trade middleman, it's a huge loss for them. This will be all direct trade relations between central banks, away from the Fed. This will definitely be the spell for the death of the dollar hegemony for good.
On the other hand, it will boost free trade for real and reflect the masses of economies in a much more transparent way. The US economy will suffer from stagflation & shrink A HUGE DEAL. And the US dollar will suffer from hyperinflation for a long long time.
Even a digital dollar can never reverse the spread of CBDCs effect in the global trade because it will be another CBDC like every other one. America was really doomed when blockchain tech was born. And luckily it wasn't by the hands of Bitcoin or so. I know as a fact; this tech is not going to preserve the dollar hegemony… totally the other way around. There is no SWIFT or Sanctions or "Dollar Privilege" in the All-CBDC brave new world.
Thank you for all the insights, Sean. I learn a lot from you like always.
I did even want to watch this. It’s the u.s. keep Printing doll.
A guy is making mistakes around around girls no wonder the girls want other guys who is doing better. Simple
The pace of change in financial markets is speeding up, much of it a result of the Western response to the Russian invasion of Ukraine.
He’s correct
The US has been using the trade deficit to finance the budget deficit since the end of Bretton Woods. Huge US budget deficits have been made possible by the growing demand for US dollar reserves in high growth Global South countries. The Ukraine conflict driven sanctions are accelerating dedollarization much faster than the US planned. This means the US must reduce its budget deficit at a time when it is paying billions to protect its hegemony and leadersship in a unipolar world order. The situation within the US is already critical as infrastructure and public services are failing. Dedollization will force the US to ignore its domestic crisis to finance the conflicts it needs to ensure US dominance. This will lead to explosive inflation and social unrest in the US. Simultaneously, the US will lose its lowcost sources of goods as sanctions on Russia and China push the Global South away from trade with the US. All these forces are acting at a moment when investment flows into the country are falling. The collapse of the US economy could well be reality in just a couple years. It is overextended and its fragility will accelerate.
I want to clear up people's superstitions that they might have towards the dollar and whatever so people think that the dollars the soul value of the dollar is based on the fact that the world uses it and I'm not going to say that that's not true that's part of it but even if the world didn't use the dollar I guarantee you that it would still be valuable
Also China has systematically devalue their currency in order not to share the wealth with the people and if they did participate in this new currency that that is going on the brinks or whatever it's called a most certainly would not be able to play their old game that they've been planned so I think it's a good thing because you know if if the country does or any country produces value than that value is is should be properly distributed between the peoples that are the ones that generate the value to begin with.
I’ve been surprised China wasn’t smarter with their money. The inevitable confrontation has been obvious for several years (ZTE then Huawei). China should have been converting their western bond holdings into huge imports of valuable commodities they will need sooner or later. Stockpiles of Coal, copper, Iron ore, oil, fertilizer, soybeans, etc. not only are they then safely in possession, they remove the possibility of supply disruption when the confrontation escalates. The best peace lovers can hope for at this point is a low key Cold War with a certain amount of stability. But more likely it is a Thucydides Trap scenario in a zero sum game. I am surprised China did not ramp up stockpiles with their cash reserves instead of leaving their assets vulnerable to confiscation or real purchasing power inflation of U.S. bonds. At this point, Tbonds interest rates will increase which means the bond value will decrease which can easily turn into a rout
Without the whole word economy to dilute the effect of US dollar creation, the inflation rate of the dollar can only accelerate. The Fed Reserve will likely increase money creation to compensate which will only accelerate inflation faster. The severe 2023 recession will cut demand which lowers inflation, but the shrinking economy will force faster money creation making the self perpetuating inflation rate problem worse a year later.
The US dollar is a parasite, a weapon and a fraudulent lie. The world is using it’s commonsense to shake off this medium of antisocial US toxicity.
When Biden & Treasury sanctioned (the early blunder) Russian Central Bank on 2-28-2022, the West lost financial war…. they just didn't know it. Now 1 year later…. 1 USD-to-68 Ruble, WTI $80, Saudi open to sell in other currencies, China selling Treasuries, BRICS summit, Zoltan Op-Ed, De-Dollarization…. and West planning to send 100 Tanks in 12 months. good day.
Bro, it is about time for u to invite like minded guests to share your views from different perspectives & also to help build synergistically your number of viewers as well as theirs.
I converted my USD into chocolate gold coins. I can trade them or eat them.
China can't compete with the USA since they now longer print Money they simply hit a key to make money with no reprocussions.washington can now spend like there's no tomorrow and will continue to until the war breaks out all over the world .that's the plan .
Excellent Work Sir as Always 👍👍 Time to Stack More Ag. THX
At this point, the currency swap is nothing new, it has been happening since the stone age.
The dollar has its place because of US dominance and stability. Not vice versa.
This is excellent, Sean. I'd like to picture the Fed nutjobs watching this and learning something. They won't, they cannot. They are captured puppets. If only… because there is a future out there, it's just not in the west. And westerners are way past due learning about what's down the road (no pun intended). We should be preparing, but we're not. Normies are just caught up in apocalypse thinking, as if the world and all history revolved around US.
The US Federal Reserve is frightened. My fear is the US will have a false-flag event. A nuke! And will blame Russia for it. The US will then attack Russia and China. WW3. Death and destruction to save the dollar. How can it be stopped?
The reality of the situation is the USD is still the world's reserve currency and the USA still holds all the cards. It is backed by the world's greatest banking system and military. It also has the support of the world's richest and most powerful countries. The USA is dug in to deep in the middle east and keeps a carrier group in the area almost full time. Their presence in the Persian Gulf is a concern for everyone in the area friend or foe. No one likes a burial at sea.The US dollar is China's modern day opium war. It's addiction is just as strong and the results will be the same when it attempts to kick the habit. History will tell you the future.The Russians are in a war and China is on the edge of war and both are being attacked financially as the world sits back and watches. Pick your side carefully or be next? These are not "if's" or "maybe's" this is the reality of the situation.