How the Brazilian president might end America's power (2/2) — Transcript
Full transcript
- 0:00wants to unmod the US and move Brazil's
- 0:02trade off the U.S dollar this comes at a
- 0:05remarkably strange time because French
- 0:07president Emmanuel macron just gave a
- 0:08surprise interview in which he claimed
- 0:10the EU needs to reduce its dependence on
- 0:12the U.S to form a third superpower take
- 0:15a look at this chart while the US is
- 0:16currently dominant the euro is by far
- 0:19the second largest currency held in
- 0:20reserve banks the Chinese one is fairly
- 0:23small in comparison and oil producers
- 0:25for example would be significantly more
- 0:28reluctant to accept payment in a
- 0:30currency that can only really be spent
- 0:32in China with that said Saudi Arabia
- 0:35also recently stated that they are open
- 0:37to considering other options like the
- 0:39one does this mean the end of the United
- 0:41States unfettered hegemonic power
- 0:44probably not but America's best
- 0:46insurance policy against the Dollar's
- 0:47failure would be ramping up its
- 0:49manufacturing capacity of green energy
- 0:51infrastructure like solar and Wind by
- 0:54orders of magnitude but more on that in
- 0:56another video soon foreign
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