They dont know how to deal with whats going on in the world in the meantime the u. S. Dollar serves as the worlds reserve currency and is used for pricing in trade by a majority of nations around the globe however americans have decided to weaponize the dollar gave stated making any transactions between 2 nations susceptible to u. S. Action or scrutiny this is a big loss of sovereignty for other nations he said and chinas taking the lead in forming an alternative trading currency to the dollar weve talked to Alison Mccleod here and i think that hes right that it doesnt matter about the currency this guy charles gave actually looks set for example that you know that chinas trying to price the oil and remember and that is not what matters what matters is settlement of the trade where the settlement to the trade happens and as brad sherman a congressman from los angeles points out is that the all trade settles to the new york fed and that is important it doesnt matter what currency it is.
Dollar has been weaponized and china is really playing the long game by accumulating gold by creating their own futures markets by prepping for this and a very quiet way this is an interesting historical moment for the rise of china is here now and now we have a standoff so its going to be interesting to see how the u. S. Response and how the u. S. Population responds or if theyre staring at the moon or staring at the finger or giving the moon the finger you know thats interesting to see how the u. S. Response you know the u. S. Is a plucky group of rugged individualists that have come through tough times before and will see what resources can be pull. Us through it well we have pulled through other stuff in the past and crazy periods and civil wars and and mass the salem witch trials and we you know the mccarthy era and it seems a little bit like that right now that there is history. Area in the elite class because they dont know how to deal with whats going on in the world in the mea
Senate committee on banking, housing and urban affairs will come to order. Today is a hybrid format. Our witnesses are in this person but members have the option to appear in person or virtually to consider the nominations of dr. Lael brainard to be vice chair of the board of governors of the Federal Reserve system. And acting director Sandra Thompson to be director of the federal Housing Finance agency. Its amazing what a difference a year makes. We have today safe and effective vaccines that are saving lives, that are getting people back to work. 207 million americans have fully vaccinated. In 2021 we added 6. 4 million new jobs, more in any year since 1939. Workers are demanding raises. Theyre finally getting them. Theyre changing jobs at record rates because people finally have some options. The past year has illustrated our economy works best when it works for everyone, not just wall street, not just the top 1 . Everyone. Whether you punch a clock or raise children or care for an
Senate committee on banking, housing and urban affairs will come to order. Today is a hybrid format. Our witnesses are in this person but members have the option to appear in person or virtually to consider the nominations of dr. Lael brainard to be vice chair of the board of governors of the Federal Reserve system. And acting director Sandra Thompson to be director of the federal Housing Finance agency. Its amazing what a difference a year makes. We have today safe and effective vaccines that are saving lives, that are getting people back to work. 207 million americans have fully vaccinated. In 2021 we added 6. 4 million new jobs, more in any year since 1939. Workers are demanding raises. Theyre finally getting them. Theyre changing jobs at record rates because people finally have some options. The past year has illustrated our economy works best when it works for everyone, not just wall street, not just the top 1 . Everyone. Whether you punch a clock or raise children or care for an
Senate committee on banking, housing and urban affairs will come to order. Well consider dr. Lael brainard to be vice chair of the board of governors. And acting director Sandra Thompson to be director of the federal Housing Finance agency. It is amazing what a difference a year makes. We have today safe and effective vaccines that are saving lives that are getting people back to work. 207 million american americans are back fully vaccinated. Our economy has weathered the storm and rebounded in 2021 we added a record 6. 4 million new jobs, more than any year since 1939. It isnt just the jobs numbers. It is the quality of those jobs. Workers demanding raises are finally getting them. They are changing jobs at record rates because people finally have some options. The past year has illustrated our economy works best when it works for everyone. Not just wallace. Not just the top 1 . Everyone. Whether you punch a clock or swipe a badge, whether you earn a salary or make tips. Whether you r