De-Dollarization: Can China Take Out The US Dollar?

Economist Peter St Onge joins us to discuss the recent debt ceiling deal and its implications for the US economy. We review the hidden truths behind the fear campaigning and the impact on inflation. Additionally, we explore the growing risks to the US dollar's dominance as China seizes opportunities to dethrone it. We also explore how the BRICS nations are strategically moving away from the dollar and the potential for a commodity-backed currency.

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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.
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