Jeff Snyder

So there's a lot of misconceptions when it comes to the dollar.

Liberation Day.

That's a big issue, too, is that they want to make a politics out of this, right?

Every time the dollar – if the dollar goes down by a little bit and it's, oh, the president is ruining the dollar.

We need to get rid of Trump because he's done – the Treasury market is blowing up because Trump is doing this and doing –

You've got to separate the politics from the actual.

The reason why this is a big issue and the reason why it comes up is there's hysterics about the politics of it, and people naturally are asking the question because you hear all the time, is the world going to ditch the dollar?

And if they do, what is that going to mean for me?

Because if the dollar is ditched, which, by the way, it needs to be,

It's not just a thing about flipping one currency to another.

You think the dollar needs to be ditched?

Yeah, your dollar system needs to be replaced.

With what?

Something else, hopefully a private currency, but that's way down the road.

The point I'm making is that most people don't understand what a reserve currency is and what it needs to do.

And understanding what a reserve currency needs to do and what it is, you understand why the dollar sticks around as long as it has.

It's not going to be replaced tomorrow.

It can't be replaced tomorrow.

No matter how much many other people might want to try, it is not happening.

It's not going to happen anytime soon because a reserve currency has to do tremendous amounts of things.