TRANSCRIPT AVAILABLE AT HTTP://PETERNAVARRO.SUBSTACK.COM 

 

Hi. Peter Navarro here. And in this episode of my Taking Back Trump’s America podcast and substack, I am going to offer up the first episode of what will be several discussing the coming currency wars between the United States of America, Communist China, and Czarist Russia.

In this episode, I am simply going to reprise a segment I did last week on Steve Bannon’s war room where I coined the phrase “you can tell an enemy by the currency it keeps” and then discuss all of the various countries which are getting in bed with either Communist China or Russia to scuttle the American dollar as the world’s global currency reserve.

In a future episode, I will get into the technical aspects of how currencies work and what exactly reserve currency is. But in this episode, I not only talk about the benefits of having the dollar being the world’s reserve currency but also, from my past perch in the White House, talk about the dollar’s deleterious effects such a reserve currency status can have both on our trade imbalance with the world – yes, the trade deficit soars -- as well as our manufacturing and productivity. These side effects are the weak underbelly of what a lot of pundits like to call King Dollar. In this discussion with Steve Bannon, I take a more nuanced view.

At any rate, take a listen to the clip.