Zakaria identifies key part of Putin-Xi meeting you may have missed

CNN's Fareed Zakaria discusses the potential impact on the US dollar after Russian President Vladimir Putin announced that he favors using the Chinese yuan for financial settlements with other countries. #CNN #News

[tejasshah]

Farid is the only honest person left in CNN to give fair and neutral analysis
Keep it up

[learnbycoding]

The US does not care how its financial policy affects other countries, and this imposes risks to all countries who use dollars. That is the main reason that more and more countries start using other currencies.

[voxaliqui]

I haven't seen something so real from CNN for a long time.... thanks Zakaria!

[finnjacobsen]

Just a small reminder: Muammar Abu Minyar al-Gaddafi in Libya wanted to end the dollar as payment for oil and use gold instead. We all know what happened to him.

[ianthesiow]

The USA America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question...


Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government)

China 1949 to early 1960s
Albania 1949-53
East Germany 1950s
Iran 1953 *
Guatemala 1954 *
Costa Rica mid-1950s
Syria 1956-7
Egypt 1957
Indonesia 1957-8
British Guiana 1953-64 *
Iraq 1963 *
North Vietnam 1945-73
Cambodia 1955-70 *
Laos 1958 *, 1959 *, 1960 *
Ecuador 1960-63 *
Congo 1960 *
France 1965
Brazil 1962-64 *
Dominican Republic 1963 *
Cuba 1959 to present
Bolivia 1964 *
Indonesia 1965 *
Ghana 1966 *
Chile 1964-73 *
Greece 1967 *
Costa Rica 1970-71
Bolivia 1971 *
Australia 1973-75 *
Angola 1975, 1980s
Zaire 1975
Portugal 1974-76 *
Jamaica 1976-80 *
Seychelles 1979-81
Chad 1981-82 *
Grenada 1983 *
South Yemen 1982-84
Suriname 1982-84
Fiji 1987 *
Libya 1980s
Nicaragua 1981-90 *
Panama 1989 *
Bulgaria 1990 *
Albania 1991 *
Iraq 1991
Afghanistan 1980s *
Somalia 1993
Yugoslavia 1999-2000 *
Ecuador 2000 *
Afghanistan 2001 *
Venezuela 2002 *
Iraq 2003 *
Haiti 2004 *
Somalia 2007 to present
Honduras 2009 *
Libya 2011 *
Syria 2012
Ukraine 2014 *
2014 - 2022 - 6 countries yet to verify.
Pakistan 2022 *
Haiti 2022 *

[jameszclark]

of course you blamed this on Trump 😂😂😂😂😂😂😂

[morganthomas]

I always gird myself for the bad news when I watch Fareed. Always dire, often ominous.

[mikep]

China do not want to replace dollar with Yuan, China want to provide an alternative.

[muralisam]

China and Russia be strong God allways wiith you

[gerardflynn]

Both the Russian Rouble and the Chinese Yuan compared to the Dollar, Pound and the Euro are absolutely worthless.

[botoyo]

The USA and Canada can still thrive successfully, be contented, and be happy by themselves. They do not need anything else outside their borders. Name one to challenge me.

[ruiferreira]

The second war of Iraq was mostly a warning against countries (Angola, Venezuela, libia) who were receiving other currencies for oil.

[alexm]

I am very happy to see this power plas around the world for years America been acting like they are the one who make this world and we are living in

[holyngrace]

Fareed's reports are always top rate for valuable analysis; and this in particular is poignant, powerful, and prescient.

[ComeCleanAmerica]

Revenues are the problem, not spending. Since Reagan, investors have been preferentially permitted to divert investment into wealth accumulation instead of investing in public infrastructure and capitalizing human development (education, health, etc.). Multinational corporations have avoided paying for the security of open markets that American foreign policy and defense have made possible.

[cynthiamarie]

Thanks Fareed. This is a national security threat that needs more attention.

[dlfields]

Is this the reason why my grocery bill has trippled in cost in the last year ?

[john_doe_not_found]

The debt spending is crazy. Even with dollar hegemony running Trillion dollar deficits makes no sense.
The Fed balance sheet is a whole other bomb. They could focus on unwinding the balance sheet and see how that impacts the monetary system rather than running up interest rates. Paul Volcker did not have 8.7T in assets to unload, he would not have required 20% interest rates if he did.

Yes, I get that in 1980 8.7T would have been ridiculous. Total GDP that year was less than 3T.

[gauravkant]

Damage has already been done..Developing economies have become skeptical to keep their foreign reserves in dollars only rather then they have decided to diversify it in different currencies along with gold

[MBBurchette]

This is great actually. The Yuan is one of the most artificially manipulated global currencies. Those stupid enough to trade in Yuan, will deserve all the pain they’re sure to endure.