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Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin for Pissing Off World

As we’ve noted several times of late, a growing number of countries are threatening the US dollar’s status as the global reserve currency by conducting global trade without it – you know, the thing Saddam and Gaddafi threatened to do before they were ‘liberated’ from their mortal coils for other stated reasons.

Fox News host Tucker Carlson has picked up on this, big time, noting that the process began after the Biden administration started wielding the dollar as a political weapon by freezing US dollars held by Russians.

Carlson cites an article from the Daily Caller, in which authors E.J. Antoni and Peter St. Onge write:

A second critical feature of a reserve currency is its apolitical nature. Which Biden is now gutting. After both parties in Washington destroyed the dollar’s stability with inflation, now the Biden administration has chosen to wield the dollar as a weapon. Together, the message to foreigners they should get out while they still can.

In response to Russia’s war with the Ukraine, the US froze the dollar reserves of Russia’s central bank. To be clear, these were not American assets, but were dollars owned by the Russian central bank and the Russian people. The seizure was intended to cause bank runs and collapse Russia’s credit system. It didn’t work.

Instead, it exposed the Biden administration’s willingness to violate the trillions of dollars foreigners rightfully own. The danger of this precedent is difficult to overstate.

This part is a must-hear from Carlson in response to the above (starts at 7:15 in the video below):

“Smart foreigners started to dump the US dollar. Why? Because the US dollar was no longer a reliable store of power. Suddenly it was a political weapon that could be wielded at will against anyone who held it.

“So what if you have a border dispute with your neighbor that the State Department hadn’t authorized? Or, what if you accidentally criticized transgender theology, and irritated the human rights campaign? Well, the US government might denounce you as immoral and then confiscate all your money. Because they just did that with Russia.

“And as a result, dollars begin to look much less appealing to the rest of the world – and so de-dollarization began, and it has accelerated at remarkable speed, almost without comment in the American media, over the last year.

“So Russia announced it will conduct business in Asia, Africa and Latin America in Chinese currency. Brazil, which as a brand new government supported by the Biden administration announced it will do the same thing… Pakistan is doing the same thing, that’s a long-time US ally. India and Malaysia, two of the biggest economies in the world, announced they’ll be settling their trade in their own currencies – not the dollar. Even France, which we liberated, is using Chinese currency in a new liquefied natural gas trade. China and Saudi Arabia are now major business partners.”

Watch:

Carlson also points out that nobody wants to hold a currency that continues to devalue due to endless printing, calling it “6th grade economics.”

And while Biden “is continuing to send the contents of our treasury – our dollars, to corrupt oligarchs in eastern Europe and around the world,” at the very same time, “he’s selling off America’s most valuable hard asset – that’s our Strategic Petroleum Reserve, because unlike the US dollar, oil – which is in the reserve, has inherent value … so unlike fiat currencies like the dollar, oil will always have value. That’s why Russia is not now in poverty because they have a lot of oil. But we have less because the SPR has been drained.”

What could reverse this? Ending the war in Ukraine, says Carlson. But US politicians are hell-bent on winning at all costs.

“Politicians in Washington remain mired in their weird boomer WWII fantasies where they’re all Winston Churchill and Zelensky is the head of the French resistance.”


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