Jeffrey Sachs
speaker
2,211 appearances
16 recordings
9 series
first heard Oct 2024
last heard 4 Sep
Jeffrey Sachs’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 — 11 in all, peaking in Aug 2026 with 2.
Appearances
And it's going to happen rather abruptly.
And it's going to be a big disappointment to Scotty Boy and to other officials who
want to use the dollar as a shakedown operation or as a threat operation rather than as a currency to do business.
And that's exactly what we're observing right now.
And it's already on track.
So the point I'm making is the petrodollar is a piece of a much larger story, which is that after World War II,
the world use the US dollar as its means of payment by and large for all international or for most international trade.
That's absolutely
shrinking rapidly now.
What it does is, among many other things, it raises interest rates because foreign governments don't hold US securities.
They say, why should we risk our foreign exchange reserves to get confiscated?
So China's foreign reserve holdings of the US dollar
have come down very, very sharply.
And this is true of other central banks as well.
And Trump threatens them, if you move against the dollar, we'll punish you.
You know, it's interesting.
He focuses on that risk because, yeah, he knows it's real.
It would change the U.S.
economy, would absolutely end this crazy sanction system where Trump puts on whatever threats he wants based on the use of the U.S.
dollar.
Showing 81–100 of 2,211 · page 5 of 111
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