Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” program, analyzed the situation around the de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanctions on Russia and the militarization of the US dollar are partly to blame for the events.
Tucker Carlson believes sanctions are to blame for de-dollarization efforts around the world
Tucker Carlson, host of Fox News and “Tucker Carlson Tonight,” referred to recent moves countries have been making to distance themselves from using the US dollar as a reserve and settlement currency. According to Carlson, the sanctions that the US government enacted against Russia, as part of the deterrence effort against the Russia-Ukraine conflict, are partly to blame for recent de-dollarization efforts on a global scale.
Carlson explained that the sanctions did not result in the collapse of the Russian economy due to its key characteristics, being based on exports of products needed by other countries. He stated:
Unlike the US, Russia does not have a late-stage financial economy. Russian oligarchs don’t get rich off credit default swaps. They get rich selling real things that people need to live: oil, gas, iron fertilizer, coal, wheat.
However, these sanctions that froze billions in funds owned by the Russian central bank and other Russian oligarchs reportedly alerted other countries to the danger of holding US dollar reserves.
The sanctions generated distrust
Carlson argued that as a result of these deterrence-led moves, other large economies began to view the dollar as a liability that could be turned against them.
He explained:
Smart foreigners began to ditch the US dollar. Because? Because the US dollar was no longer a reliable store of value. Suddenly, it was a political weapon that could be wielded at will against anyone who wielded it.
Carlson believes that there is an acceleration of these de-dollarization efforts as a consequence, citing the changes that China, Brazil, India, Pakistan, Saudi Arabia and even France are making to trade using the yuan and their respective national currencies as the national currency. US dollar substitute.
The final phase of this, Carson claimed, will be the impoverishment of the American people as a result of all these dollars being returned to the country, which in turn will cause an economic collapse comparable to that faced by the Weimar Republic after World War I. .
What do you make of Tucker Carlson’s thoughts on the recent de-dollarization moves? Tell us in the comment section below.
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