Dr. Phil

You really read the book. Yeah, I read the book. We feel blessed by that.

I have joked about that in the show, I think. Sometimes in an interview, like, you know, from an audience member, they've kind of joked about it. But I feel like I have said that too, right?

I have joked about that in the show, I think. Sometimes in an interview, like, you know, from an audience member, they've kind of joked about it. But I feel like I have said that too, right?

I have joked about that in the show, I think. Sometimes in an interview, like, you know, from an audience member, they've kind of joked about it. But I feel like I have said that too, right?

Yes, yes, definitely.

Yes, yes, definitely.

Yes, yes, definitely.

Thanks for having me, Ben.

Thanks for having me, Ben.

Thanks for having me, Ben.

Yeah, look, it's very important. It gives the US what's called exorbitant privilege, right? It's allowed cheap borrowing, thanks to huge global demand for our dollars, massive control over global financial flows. In essence, the US has the veto power over any nation's ability to engage in international trade.

Yeah, look, it's very important. It gives the US what's called exorbitant privilege, right? It's allowed cheap borrowing, thanks to huge global demand for our dollars, massive control over global financial flows. In essence, the US has the veto power over any nation's ability to engage in international trade.

Yeah, look, it's very important. It gives the US what's called exorbitant privilege, right? It's allowed cheap borrowing, thanks to huge global demand for our dollars, massive control over global financial flows. In essence, the US has the veto power over any nation's ability to engage in international trade.

It's allowed the federal government, of course, to run massive deficits without facing immediate collapse. So ultimately, I think it's made... American capital markets dominate the globe and ultimately made us the wealthiest nation in history. So I think it's hard to overstate how important global reserve currency status is.

It's allowed the federal government, of course, to run massive deficits without facing immediate collapse. So ultimately, I think it's made... American capital markets dominate the globe and ultimately made us the wealthiest nation in history. So I think it's hard to overstate how important global reserve currency status is.

It's allowed the federal government, of course, to run massive deficits without facing immediate collapse. So ultimately, I think it's made... American capital markets dominate the globe and ultimately made us the wealthiest nation in history. So I think it's hard to overstate how important global reserve currency status is.

It underpins our economic, diplomatic, and I think military power worldwide.

It underpins our economic, diplomatic, and I think military power worldwide.

It underpins our economic, diplomatic, and I think military power worldwide.

Look, I think officially it's another working session between bureaucrats talking about economic cooperation. Unofficially, though, the BRICS leadership are expected to announce major advancements, essentially in a shadow financial system, a 21st century alternative to the existing dollar-denominated system.