Henrik Zeberg on the dollar

    por Gigliola: United States

    Henrik Zeberg (HenrikZeberg) is Danish, and he can't understand why Americans would give up their country's biggest advantage. In his view, the dollar is the best invention America ever had, from the gold peg after World War II to the petrodollar. So why would anyone want to swap it for something the US doesn't control?

    Transcrição (en)

    Now, you guys, you're Americans, right? The best invention for the US and for every American that there's ever been out is the US dollar. It is a fantastic investment. You did great after the Second World War, establishing the US dollar and pegging it to the gold. And then Kissinger came in in the 1970s and pegged it to the oil instead, and we got the petrodollar. It's been fantastic. And I think a lot of the wealth that we see in the US has really come from that fantastic thing of the dollar. Why would you take something that has been the driver? If you believe, I can, you can prove that. And there's been many cases where you actually, what you call institutions and businesses looking into how much this is meant for the U.S. Why would you take and replace that by something that the U.S. does not control? I mean, if it wasn't us, I mean, I would not give away my, the things that my strongest, you know, advantage. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.