The Weaponization Of The Dollar

The sanctions on Russia’s central bank use the reserve currency status of the US dollar to punish an American adversary. Will the US dollar lose its exorbitant privilege? What currency might replace the US Dollar as a reserve currency?

Patrick's Books:

Patrick Boyle On Finance Podcast:

Join this channel to support making this content:

[coscinaippogrifo]

I am humbled by the amount of great insights perfectly packaged I can get for free, and can't thank enough. Ages ago, I graduated in Economics and I didn't get the quality of insights I'm getting from this channel!

[antoineleroi]

I studied economics at Kings (2017-2020) and I can't believe I never received a lecture from you. The content and delivery is top quality!

[ce]

The quality of your content is on another level, thank you for all your hard work

[Invokra]

I'm not involved in any kind of financial business or such but I find your videos informative and give me a different perspective on things. Keep up the awesome work.

[mishmohd]

I don't know, the reason countries buy assets in USA, London etc. is for the fact that there is enough trust in the legal system that these assets will not be taken from them. What the sanctions are showing them right now is that this assumption is not entirely true. Even if the system survives the next five years, suffice to say the journey for an alternative has already begun. Failure in an attempt doesn't mean that the idea behind it is flawed.

[xaharsaruji]

I just found this Youtube channel today. I watched 3 videos already and for the next 48 hours, I am going to watch as much as possible Patrick Boyle's videos. Very interesting. Patrick Boyle's ability to explain the complex structure of what macroeconomics and financial system in a monotonous way of speaking for me is captivating.

[silverhawk]

Thank you so much for this Free Masterclass. I learned more from this channel than my entire time spent at university unfortunately.

[ambition]

0:28: 💰 In 1944, representatives from 44 nations gathered at Bretton Woods to create a new financial system, resulting in the establishment of the World Bank, IMF, and the dollar as the international reserve currency.
3:25: 💰 The US has used financial sanctions as a form of warfare, leveraging the power of the US dollar and access to the global financial system to target countries like Ukraine and Iran.
6:20: 💰 Western sanctions against the Russian central bank quickly undermined its ability to support the Russian economy, resulting in inflation and supply chain difficulties.
8:56: 🌍 The impact of sanctions on Russia's economy and the response of other countries
11:52: 🌍 The escalating economic war between Russia and the West is causing countries to question their reliance on the US and the dominance of the dollar in the global economy.
15:12: 🌍 The Chinese government's desire for a global currency to rival the dollar is hindered by their need for strict control over their national financial system.
18:11: 📈 The growth of a country's economy and its ability to manage its level of debt are important factors in supporting the value of fiat currencies.
Recap by Tammy AI

[LithicStudios]

This channel shows me how little I actually understand about the world around me

[clarestucki]

The reserve currency status of the Dollar grants the U.S. the de-facto right, or at least the power, to tax other countries, simply by monetary inflation (raising the ratio of U.S. money in circulation to the amount of goods and services being produced). When we engage in monetary inflation, we essentially reduce the purchasing power of all the dollars previously issued, amounting to a direct tax on holders of those dollars. It's no surprice they resent that power.

[patrickf]

You have a incredible grasp of economics matched by an amazing ability to explain it simply to us mere mortals !

[Dr_VVho]

Love morning brew...with that said
Your content is always well put together!! Keep it up!

[apacheattackhelicopter]

Great video! One thing you didn't mention is how the US is now forcing Russia into a default by preventing it from servicing its debt in US dollars even though Russia has money to do so.

[Joe]

Please keep up with these greatly insightful videos as they are very helpful and informative.
Thank you, Patrick!

[Shannon_Vlogs]

I just love your videos. They always get into the details!

[sisyphusvasilias]

Some points:
The majority of Franchise MacD's in Russia remain open. They just refused to close... some have rebranded but offer the same menu
Social Media from Russia shows pretty conclusively that there no significant shortages of supermarket items. Some of the markets affected as the automotive market where vehicle and spare parts costs are increasing and of course western brand retail products like clothing. This is a result of 2 factors; The changes Russia made to ensure it's food independence after the 2014 sanctions and most major European Food companies have not withdrawn from Russia.

[wellardme]

Very interesting! Two corrections if i may. As an Englishman in Russia, i can say that the shelves are full but a reduced choice and some McDonalds franchises are open. I was walking down the embankment in Kazan only yesterday and saw a McDonalds open much to my surprise.

[larrytoy]

Patrick, your explanations of these complex issues are so clear. Thank you and Bravo.

[tuams]

You're great! Highly informative yet a good sense of humour. I like that you're embracing the background game. What's next - an abandoned business in the background talking about retail investor opportunities for wealth building? Whatever it will be, you're a treasure!

[Gilamang]

This was a very illuminating discussion. Thank you.