Brandon Aceto
speaker
2,197 appearances
13 recordings
2 series
first heard Oct 2025
last heard 3 Jun
Brandon Aceto’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 13 in all, peaking in Jan 2026 with 5.
Appearances
It's not because UAE is not wealthy.
As John said, I mean, when you don't have oil coming in, you have no dollars coming in.
And the UAE has a lot of dollar commitments through financial channels and other things.
And if they don't have the oil revenue coming in, plus investors kind of get cold feet.
The UAE, especially through Dubai and the Dubai International Financial District, whatever it's called,
They have been turning themselves into an international monetary hub, supposed to be the gateway to the global south, and funded in operating in U.S.
dollar denomination, other currencies too, but primarily U.S.
dollar denomination.
So...
A shortfall of dollars coming in is a big problem for the UAE regardless of their wealth or oil status or even the amount of reserves that they hold because the market is saying we're a little bit nervous about what's going on over there.
We're nervous about the fact that UAE is right in the middle of the conflict.
Without the oil revenue and dollar backing, they could get into a situation where if the marketplace gets cold feet and starts to pull back on dollar funding, it leaves them in a situation not unlike 2009.
where the UAE was at the forefront of a second crisis that actually erupted afterwards.
So the dollar swap is about liquidity, as John pointed out.
It's not really about wealth.
It's about the fact that the conflict is really squeezing them pretty hard.
Yeah.
They left because they weren't pumping enough oil.
Ecuador just didn't have enough oil.
Well, I think the whole thing has become less and less important.
Showing 301–320 of 2,197 · page 16 of 110
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