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Donald Trump has threatened that, if he comes back as US president, he will impose 100% tariffs on countries that drop the dollar, trying to cut off their trade. Ben Norton discusses how this will accelerate the global dedollarization movement, incentivizing more nations to join China, Russia, and BRICS in seeking financial alternatives. Check out our related video “De-dollarization: China drops US Treasury bonds, instead buys gold, oil, metals“: Topics 0:00 (Clip) Trump threatens countries that drop US dollar 0:49 De-dollarization 2:06 (Clip) Trump pledges tariffs on nations that de-dollarize 2:24 Dollar system is not a “public good“ 3:03 BRICS 3:49 BRICS Bank (New Development Bank) 4:33 Brazil's Lula calls to drop US dollar 5:10 China & Brazil de-dollarize trade 5:35 China & Russia de-dollarize trade 6:01 Russia & Iran de-dollarize trade 6:10 Southeast Asia (ASEAN) de-dollarizes 7:05 (Clip) Trump: “I would not allow countries to go off the dollar“ 7:37 Trump's plans to punish independent countries 8:22 Dollar system and US imperial decline 10:00 China is biggest trading partner of most countries 11:11 BRICS GDP (PPP) is bigger than G7 12:27 Largest economies on Earth (Rise of Global South) 14:01 US imperialism is in crisis 16:27 China's share of global trade 16:40 China de-dollarizes its trade 20:10 China buys oil & gas in yuan/renminbi 21:56 De-dollarization of trade vs savings (investment & reserves) 22:40 China dumps US Treasury securities 25:11 China's central bank buys gold 25:56 JP Morgan report on dedollarization 27:07 Multipolar financial world 29:01 Outro || Geopolitical Economy Report || Please consider supporting us at Patreon: Podcast: Newsletter:
