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.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Aug 2026 with 2.
Appearances
So he threatens them.
But the more he threatens them, the faster they move.
You know, if you get threatened, you must use our dollar.
That's not quite an invitation to continue to use the U.S.
dollar.
Well, central banks have moved heavily into dollars.
So what's called the foreign reserve holdings of government banks, basically the central banks, has already been a big shift.
Most big commercial banks,
deal in dollars.
They are concerned about being cut off from SWIFT.
But what's going to happen pretty quickly is there will be new banks or partner banks or subsidiaries or they'll figure out the legal structure that just don't do business in dollars and so can't be reached by the U.S.
sanctions.
There are lots of technical ways to do this.
It's not really so complicated.
And it's going to come quickly.
And it's
It will hurt us, like many other things.
We're so overextended.
We're making so many threats we can't fulfill.
We're in so many wars that we can't afford.
Showing 101–120 of 2,211 · page 6 of 111
← Previous
Next →