US Dollar Must Lose Reserve Currency Status | Clem Chambers

Clem Chambers (https://anewfn.com/) argues that the U.S. dollar’s reserve currency status, far from being an unalloyed blessing, has become a dangerous liability. In his view, the ability to export digital "confetti" in exchange for goods has hollowed out America's industrial base and left the country addicted to trade deficits and government overspending. Chambers notes that countries like China understand this trap well — they don’t want the reserve currency role because they’d rather collect dollars and buy American assets than take on the burden of issuing the global unit of account. He suggests that losing reserve status might actually benefit the U.S. by forcing a return to fiscal discipline and real economic production.

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INTERVIEW TIMELINE:
0:00 Intro
1:49 Dollar's reserve currency status
21:18 Platinum & palladium
28:10 Clem Chamber's online
38:00 Weekly specials
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