Miguel Lopez Tucker Carlson, the host of Fox News’ show “Tucker Carlson Tonight”, was talking about why some countries like China and Russia are trying to move away from using American money. Carlson believes that it is because of punishments on Russia and the fact that America is using its money as a weapon that are driving this new trend.
US Dollar Trust Plummets
Tucker Carlson from Fox News recently discussed why many countries have been seeking to move away from using the U.S. dollar as a reserve and settlement currency. According to Tucker, this is partly due to the sanctions that the U.S., or America, has put in place for its conflict with Russia about Ukraine.
Carlson pointed out why the sanctions didn’t cause a large impact on the Russian economy. He said that compared to countries like the U.S., Russia gets rich by selling items that people need for survival, such as oil, gas, iron, fertilizer and coal. This means that even if there are economic restrictions put in place, these important goods will still be sold and the country is therefore more resistant to economic turmoil from external causes.
The U.S. government froze a lot of money owned by Russia, sending a strong message to others that it’s risky to hold too many savings in dollars. Tucker Carlson from Fox News spoke about how countries around the world aren’t as trusting of the dollar anymore.
“Are Big Economies Rejecting the US Dollar?”
Carlson said that because of these deterrence-related moves, big economies started to view the U.S. dollar as something that could be used against them. He also added: “It seemed like smart people from other countries began to get rid of the U.S. dollar since it wasn’t reliable and was quickly becoming a political tool.”
Carlson believes that countries such as China, Brazil, India, Pakistan, Saudi Arabia and France are moving away from using the US dollar to buy or trade things and instead have started using their own national currency or the Chinese Yuan.
Tucker Carlson believes that too many dollars being sent back to the U.S. could lead to a big financial problem – like what happened to the Weimar Republic country after World War I. Do you think he’s right? Tell us in the comments section below!
