Did you ever wonder why the US dollar is the 800lb gorilla of global finance? What does the US gain by this? China wants to dethrone the US dollar and now Iran is charging Strait of Hormuz tolls in either cryptocurrency or Chinese yuan. Is the dollar about to be knocked off it's pedestal?
Paul Krugman is a Nobel prize winning economist. He excels at explaining complex topics in layman's terms. This episode is considerably longer than my normal at about 26 minutes.
If you'd find this article easier to read, here's the link: The Dollar’s Special Status: Sources and Threats