Tag: U.S. dollar

Will the Yuan Replace the Dollar?

Commentary With the International Monetary Fund (IMF) now allowing countries to pay dollar-denominated debt in the Chinese yuan, what does that mean for the U.S. dollar? It’s no secret that both the Chinese and the Russians and many other countries want to downgrade the dollar’s influence and even de-dollarize global trade. That’s certainly happening, and…


What Will You Use as Money If the Dollar Dies?

Commentary The U.S. dollar could someday go the way of all paper-currencies past and be consumed in a hyperinflationary fire. It seems unlikely but it is possible. In some ways, given the reckless policies of the past three years, we should be perhaps surprised that it hasn’t happened yet. If the dollar loses its status…


Alternative Payment Systems Pose ‘Long-Term Threat’ to US Dollar Supremacy, Experts Warn

A potential long-term threat to the U.S. dollar as the chief global reserve currency is the increase and expansion of alternative cross-border payment systems, including the ones developed by China and Russia, according to a panel of experts. Countries worldwide, especially adversaries to the U.S. government, have been developing a wide range of cross-border payment…


LIVE 10 AM ET: House Financial Committee’s Hearing on ‘Preserving the US Dollar’s Status’ Against Chinese Digital Currency

The House Financial Committee holds a hearing regarding H.R. 556 (the 21st Century Dollar Act) and H.R. 804 (the Chinese CBDC Prohibition Act) at 10:00 a.m. ET June 7. Dr. Tyler Goodspeed, Kleinheinz Fellow, Hoover Institution at Stanford University; Dr. Michael Faulkender, Dean’s Professor of Finance, Robert H. Smith School of Business at University of…


LIVE NOW: House Financial Committee’s Hearing on ‘Preserving the US Dollar’s Status’ Against Chinese Digital Currency

The House Financial Committee holds a hearing regarding H.R. 556 (the 21st Century Dollar Act) and H.R. 804 (the Chinese CBDC Prohibition Act) at 10:00 a.m. ET June 7. Dr. Tyler Goodspeed, Kleinheinz Fellow, Hoover Institution at Stanford University; Dr. Michael Faulkender, Dean’s Professor of Finance, Robert H. Smith School of Business at University of…


China Is No Threat to the US Dollar, but US Government Policy May Hurt

Commentary Former President Donald Trump has expressed concern that China could displace the U.S. dollar as the global reserve currency. The warning follows reports of agreements between various nations to use the yuan in commodity transactions. For years, rumors have circulated about the demise of the U.S. dollar as a global reserve currency, but the…


PREMIERING NOW: Will the Trump Indictment Survive a Motion to Dismiss? | The Larry Elder Show | Ep. 149

Former President Donald Trump’s indictment in New York City is a “sad day for American justice” and should be dismissed on legal grounds, according to legal analyst, Paul Kamenar. Kamenar is the lead counsel for the National Legal and Policy Center. He joins Larry Elder to discuss the Trump indictment. The charges brought by Manhattan…


Will the Trump Indictment Survive a Motion to Dismiss? | The Larry Elder Show | Ep. 149

Former President Donald Trump’s indictment in New York City is a “sad day for American justice” and should be dismissed on legal grounds, according to legal analyst, Paul Kamenar. Kamenar is the lead counsel for the National Legal and Policy Center. He joins Larry Elder to discuss the Trump indictment. The charges brought by Manhattan…


‘No Reason’ for Malaysia to Rely on US Dollar, Prime Minister Says

Malaysia no longer believes it is necessary to depend on the U.S. dollar, Prime Minister Anwar Ibrahim said during an address to the nation’s parliament. Following last week’s state visit to China, the Malaysian prime minister revealed that Beijing is open to deliberations with Kuala Lumpur to establish an Asian Monetary Fund. “When I had…


China, Russia Leading Push to Replace US Dollar as World’s Reserve Currency

Is the world challenging the U.S. dollar’s dominance? Over the last decade, several nations worldwide, led primarily by Russia and China, have ramped up efforts to kick their dependence on the chief international reserve currency. From diminishing the prevalence of non-dollar transactions to reducing dollar holdings in foreign exchange reserves, states are employing measures to…