#289 - China Is COMING For the US Dollar
Episode description
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In this episode, we break down why China is pushing hard to move global trade away from the US dollar—and how gold suddenly became a power move in their strategy. From frozen Russian reserves to skyrocketing gold demand, Lloyd unpacks the real economic chess game happening behind the scenes, explains why a gold-backed currency isn’t the same as going back to a gold standard, and shows how all of this ties into inflation, US debt, and global trust in money. If you’ve ever wondered whether the dollar is actually at risk or if China can really shift the balance, this convo lays it all out in simple, clear terms.
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Timestamps
[00:00:00] Introduction
[00:01:03] How weaponizing the USD started global de-dollarization
[00:03:41] China’s push for RMB-based trade
[00:05:00] Why China links its currency to gold
[00:08:26] The myth of returning to the gold standard
[00:11:01] How fiat currency saved modern economies
[00:15:33] Inflation, debt, and the real USD risks