Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization
Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, analyzed the situation surrounding de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanct...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, analyzed the situation surrounding de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanctions on Russia and the weaponization of the U.S. dollar are partly to blame for the developments.
Tucker Carlson Believes Sanctions Are to Blame for De-Dollarization Efforts Across the WorldTucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, touched on the recent moves countries have been making to distance themselves from using the U.S. dollar as a reserve and settlement currency. According to Carlson, the sanctions the U.S. government enacted against Russia — as part of the deterrence effort against the Russia-Ukraine conflict — are in part to blame for the recent de-dollarization efforts at a global scale.
Carlson explained that the sanctions did not result in the fall of the Russian economy due to its key traits, having its base in exports of products needed by other countries. He stated:
Unlike the U.S., Russia does not have a late-stage financial economy. Russian oligarchs do not get rich from credit default swaps. They get rich by selling actual things that people need in order to live: oil, gas, iron, fertilizer, coal, wheat.
However, these sanctions that froze billions in funds owned by the Russian central bank and other Russian oligarchs supposedly alerted other countries about the danger of holding reserves in U.S. dollars.
Sanctions Bred DistrustCarlson argued that as a result of these deterrence-led movements, other large economies started seeing the dollar as a liability that could be turned on them.
He explained:
Smart foreigners started to dump the U.S. dollar. Why? Because the U.S. dollar was no longer a reliable store of value. Suddenly it was a political weapon that could be wielded at will against anyone who held it.
Carlson believes there is an acceleration of these de-dollarization efforts as a consequence, citing the changes that China, Brazil, India, Pakistan, Saudi Arabia, and even France are making, to trade using the yuan and their own respective national currencies as a substitute for the U.S. dollar.
The final phase of this, Carson stated, will be the impoverishment of the U.S. people as a result of the return of all of these dollars to the country, that in turn will cause an economic collapse comparable to the one faced by the Weimar Republic after the First World War.
What do you think about Tucker Carlson’s thoughts on the recent de-dollarization movements? Tell us in the comments section below.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
UK sanctions crypto platforms suspected of supporting Russian financial networks
The UK sanctioned Cryptomus, Heleket and TokenSpot in a Russia sanctions package, with TRM Labs identifying links to Grinex and Ga...
Gate Partners with Visa to Launch Crypto-linked Card Across 40+ Countries and Territories
Gate has announced a collaboration with Visa to launch a crypto-linked card, further expanding the use of digital assets in everyd...
US government moves another $1 billion in Bitcoin as BTC slides $4,000
US government-linked wallets moved over $1 billion in Bitcoin on Oct. 8 as BTC prices fell and more coins reached Coinbase Prime....
UK sanctions crypto payment processors Cryptomus, Heleket, and exchange TokenSpot
The UK's sanctions highlight the increasing scrutiny on crypto's role in evading financial restrictions, impacting global complian...
Securitize Rolls Out 1:1-Backed Tokens of Apple, Nvidia and 10 Other U.S. Stocks on Solana
Securitize launched Securitize Stocks on Thursday, a line of tokenized U.S. equities for eligible investors in the U.S., the Europ...
RedStone launches Sanctions Oracle for onchain compliance on Ethereum
RedStone's Sanctions Oracle enhances onchain compliance, potentially reshaping DeFi protocols by automating sanctions checks and r...