Dollar Dethroned: The Global Currency Shift - Part 1

On The Record with Christian Briggs · Mar 27, 2023 · 40m

The sanctions placed on various countries over the years, particularly Russia, have led to a drop in demand for the dollar and a corresponding drop in its value. As a result, countries such as China, Russia, Iran, North Korea, and Saudi Arabia are forming alliances and looking to limit the use of the dollar in favor of their own currencies or a standardized currency they can all agree on. This move is being driven by the desire to have bankable value and reduce the dominance of the dollar as the world's reserve currency.

The US dollar has always been in demand due to its status as the reserve…