Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization – Economics Bitcoin News

Tucker Carlson, host of “Fox News” and “Tucker Carlson Tonight,” analyzed the situation surrounding de-dollarization movements promoted recently by countries like China and Russia. Carlson stated that the sanctions imposed on Russia and the weaponization of the US dollar were partly responsible for the developments.

Tucker Carlson believes that sanctions are responsible for de-dollarization efforts around the world

Tucker Carlson, host of “Fox News” and “Tucker Carlson Tonight,” touched on recent moves by countries to distance themselves from using the US dollar as a reserve and settlement currency. According to Carlson, the sanctions imposed by the US government against Russia – as part of deterrence efforts against the Russian-Ukrainian conflict – are partly responsible for the recent de-dollarization efforts on a global scale.

Carlson to explain That the sanctions did not result in the fall of the Russian economy due to its main features, as its base is in exports of products needed by other countries. He said:

Unlike the United States, Russia does not have a late-stage financial economy. The Russian oligarch is not enriched by default swaps. They get rich selling the actual things people need to live: oil, gas, ferrous fertilizer, coal, and wheat.

However, these sanctions, which have frozen billions in funds owned by the Russian Central Bank and other members of the Russian minority, are supposed to alert other countries to the danger of holding US dollar reserves.

Sanctions generated mistrust

As a result of these deterrence-driven movements, Carlson argued, other large economies are beginning to view the dollar as a liability that can turn against them.

It is to explain:

Clever foreigners are starting to dump US dollars. Why? Because the US dollar is no longer a reliable store of value. Suddenly it became a political weapon that could be used at will against anyone who carried it.

Carlson believes there is an acceleration in de-dollarization efforts as a result, citing changes that China, Brazil, India, Pakistan, Saudi Arabia, and even France are making in trading with the yuan and their own national currencies. substitute for the US dollar.

Carson indicated that the last stage of this will be the impoverishment of the American people as a result of the return of all these dollars to the country, and this in turn will lead to an economic collapse comparable to that which the Weimar Republic faced afterwards. First World War.

What do you think of Tucker Carlson’s thoughts on the recent de-dollarization movements? Tell us in the comments section below.

Sergio Gushchenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, getting into the world of crypto when the price spike occurred during December 2017. Having a background in computer engineering, living in Venezuela, and being affected by the cryptocurrency boom on a social level, he offers a different perspective on the success of crypto and how it helps people. Those who do not deal with banks and the disadvantaged.

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