Are fears about a dying dollar exaggerated? | The Bottom Line

Historically, the United States punished nations that tried to trade oil using currencies other than the US dollar. But recently it has not been able to stop countries from branching out and making deals in other currencies.

Russia and China are leading the charge, but more countries may be jumping on the bandwagon, including Brazil and Saudi Arabia.

So, are we witnessing the beginning of the end of the dollar’s supremacy?

Host Steve Clemons puts this question to renowned energy market expert, Daniel Yergin, the vice chairman of S&P Global and author of The New Map: Energy, Climate, and the Clash of Nations.


#Dollar #Economy #US

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[aljazeeraenglish]

Thanks for watching. Let us know what you think in the comments below.

[Hannahbenowitz]

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

[Greggsberdard]

A weak dollar can indicate an economic downturn, prompting me to consider the best ways to hedge against inflation. I've heard people say that inflation erodes the value of money, which makes me concerned about my savings of around $200K

[SophiaChristian-soof]

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

[Riggsnic_co]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[Robertgriffinne]

I think there is an atom of truth because : America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[Raymondjohn]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues.. well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60. I need suggestions on what investments to make..

[stevensmiddlemass]

The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market?

[JoseLuis-zntb]

Two years ago nobody could predict the dollar condition we're witnessing today. The u.s continue to double down on the same mistake that brought the dollar where it's. Therefore, no guarantee that the grass of the dollar would not be faster than it's envisaged

[wilhelmhesse]

24 minute program with a title on the dollar but 30 second discussion on the dollar....

[joeykitty]

Fact is, countries are moving away from American influence and it's currency. It might take a while, but the shift has begun already.

[johnlay]

USD won't die. It just has less power, a lot less. US can't sanction any country unilaterally anymore. US cannot print as much money as they like to support their needs without having immediate inflationary effects. But other countries still have to use USD to trade with the US. BRICS+ nations can reject USD for payments of their goods. But the worst thing for the US is the difficulty in selling their new Treasury Bonds now, as there are so many flooding the market at low prices.

[Jac]

When you keep pressing the sanction button so frequently that it was eventually bound to break

[pavelsabkov]

What a waist of time !!! This guy is master of talking without telling nothing .

[youtuberx]

He didn't mention ASEAN. The trade between ASEAN and China is $800 billion dollars strong per year + China and Brazil is another $150 billions

[directdemocracy]

Honestly, I am surprised the dollar has lasted this long. The world is aware that using USD they are supporting the US military finances.

[JoanneWu-yekp]

This guy can’t face the demise of USD much less of the reasons. The reason is the world is sick of US exploitation and bullying

[MRTY]

I look forward to a world without sanctions and dollar related woes.

[panyu]

Wow, the guest said China for starting the great power competition while other countries say they don't want to choose sides. Such shamelessness.

[oceanwave]

There is a saying: "Die with a thousand cuts". Before Roman collapse, asking any Roman person about this possibility, they would laugh at you.