Is U.S. Dollar Becoming an ‘Unhinged Paper Currency’? ‘It’s Worst It’s Ever Been!’ – Art Laffer

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Dr. Arthur Laffer, Founder & Chairman of Laffer Associates and Former Economic Advisor to President Reagan and President Trump. Laffer says the U.S. dollar is moving towards becoming an “unhinged paper currency.” He discusses de-dollarization, the implications of the weaponization of the U.S. dollar, and the competing global payment alternatives gaining traction, including Bitcoin and gold. He also shares his thoughts on Bidenomics and the failed policies of the current administration.  
 
This video is brought to you by Swan Bitcoin
 
 
#dollar #economy #currency
 
00:00 Coming Up
02:07 Introduction: U.S. Dollar
04:27 Global Economic Decline
07:23 U.S. Economic Indicators
15:18 Trade and Sanctions
19:24 De-dollarization and Global Monetary System
26:06 Economic Policies and Future Outlook
40:46 King Dollar and Global Prosperity
41:24 U.S. Economy
43:14 Sanctions vs. Military Strength
47:02 The BRICS and Alternative Currencies
52:53 Bitcoin as a Strategic Reserve Asset
01:10:14 Global Economic Prosperity
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.

SUBSCRIBE to our channel to stay up to date on the latest market and industry news.



Stay connected:




Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

[Peterl]

If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get outta debt. make regular investments be debt free and financially stable

[Helen_white]

At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash anywhere else.

[sarahkhan]

With a massive 35 trillion debt everything in the u s is collapsing. Holding on to the dollar and bond is a death trap. Forever printing the dollar will expedite its demise

[alexsteven.m]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[brianliew]

America's abusive policies is solely responsible for its own downfall. 😢😢😢😢

[KatkovaK]

News flash! Other countries aren't messing with us but are reacting to our actions, interferences, hypocrisies, etc.

[turkrane]

A trillion dollars added to the debt every 100 days it's over

[johnlay]

As BRICS is expanding, it will eventually be self-sufficient. It has its own energy and natural resources, consumer products, medical supplies and weaponry productions. With that, there will be very little, or none at all, to trade with outsiders. The EU and the US are trading between themselves with Euro and USD. So that's only a small cake left. No hegemony can be realised with such small economy. The US will have to learn to be humble.

[joylean]

Actually US should respect other country's sovereignty

[tbbarabara]

We never hear enough from Art Laffer. I hope you'll have him on again soon. It's so rare to find someone with his knowledge and expertise.

[jtcouch]

KITCO is very well served by having Michelle Makori as a lead anchor. Excellent interviewer!

[jaymarcase]

The days of the dollar being trustworthy is over. We are in the beginning of the post-dollar era.

[alexberukoff]

AMERICA ALLREADY EDUCATED THE WORLD, THAT WHY SO MANY COUNTRIES WANT TO JOIN BRICS

[MathiasPidik]

Arthur Laffer is hitting the head of the nail 💯

[bellakrinkle]

It's a relief to hear a sane man who talks straight. 💯💓

[dilippatel]

The problem is much, much larger than just de-dollarization, socio-economic, and sociopolitical conditions.
It has more to do with the mindsets of the politicians in the West and their sense of glorifying their intellectual capacity and capability to solve their country's problems like self-appointed God-like figures.
The current wave of discord in Europe and the bar-room style political brawl in US says it all.
Nero playing the fiddle while Rome burnt.

[tinatang]

The US military is overstretched with 800+ military bases throughout the world. If the US has to set aside most of her GDP for building up its military, she will have very little left to develop her economy and infrastructure. Shouldn't the US cut back all its foreign military bases and focus only on the US and her immediate neighbourhood? Afterall the US is protected by the Atlantic and Pacific Oceans. Which country will have escalastory dominance over the US? The US should adopt a different foreign policy - go around the world to cultivate friendship instead of inciting enmity!

[cjytispro]

If dollar is world currency. Well then the world should decide it value. Not just USA

[grumbleweed-izbc]

The dollar is backed by bullets isn't it?

[ibrahimzouhier]

As long as there is a human intervention in monetary policy currencies won’t be trustworthy