HomeНовости и политикаRelated VideosMore From: Bloomberg Markets and Finance

Trump's 'Weaponized' Dollar May Push World to Euro, Eichengreen Says

64 ratings | 4115 views
Sep.28 -- University of California Professor Barry Eichengreen discusses the potential fallout of the U.S.-China trade war as he says President Donald Trump has "weaponized" the dollar. He speaks on "Bloomberg Surveillance."
Html code for embedding videos on your blog
Text Comments (34)
Jorge Diaz (4 months ago)
This sounds like Destiny unfolding . They have a 3 country dominant arms race and America is not of them.
K.T. S (6 months ago)
Scary.
J O (6 months ago)
After reducing taxes, Trump has no avenue for govt revenue, so does tariffs against China, also tries to collapse China Asia economies in order for Trump and his fund managers to buy China Asia stocks cheap cheap, pity Asians n China, they gonna be poor and robbed now🙄
David Lloyd-Jones (6 months ago)
Eichengreen is a ver-ree bright observer of China, the first person I know of to have figured out its relationship with Vietnam and the other "China's Chinas" in the production chain. Sound guy.
Edward Maxwell (6 months ago)
1:22 That is the face we've all been making since Trump became president. god help us.
Shango Sankofa (6 months ago)
Trump: the bully with the heavy hand! This will eventually bite a huge plug out of America's collective a$$! 2019 will not be pretty!
Mastodon1976 (6 months ago)
Trump's short sighted,slash and burn zero sum mentality is going to be a long term disaster.
Cheeseatingjunlista (6 months ago)
Trouble about putting the frightners on is that those you frighten will plan to upset your power to threaten
ba sook (6 months ago)
why does congress do anything about this?
ba sook (6 months ago)
I am a libertarian, and true liberty lies with limited government and term limits for congress and supreme court, it shows to the people real separation in branches that can't be too powerful to be influence by people with deep pockets
Thomas Headley (6 months ago)
Like most legislatures in the world, it is easier to play "blame the Fed". Fiscal responsibility went out to lunch 40 years ago. You give ur constituents what you think they want, not what they really need. It's good that Congress doesn't raise children.
Didier Lemoine (6 months ago)
€uro is a stable money that not depend on Petrol or Gaz unstable price !
Didier Lemoine (6 months ago)
UNO should move to Geneva !
shashank kothari (6 months ago)
Well dollar has caused major havoc in emerging markets. But Euro is not that viable option.
Thomas Headley (6 months ago)
First, what is the Fll's. Second, the rise in interest rates occurred against Trump's will. Reforms are due in the USA, also. Erdogan is trying to "wear too many hats". Trump is the abomination to the American form of divided authority. He thinks he is a King, exactly what America rebelled against. Third, in the EMs, when what we call a "risk off" event happens, A prompt rise in domestic rates is the only quick response. reforms, although worthy, take too long. Bonds are lent at low rates on the provision that they will be "paid in kind". Violating this provision causes a downgrade in rating, thereby raising the bid on future offers. Ur thoughts appreciated.
shashank kothari (6 months ago)
+Thomas Headley quite the contrary, when interest rates in US rise then the FII's in EM are pulled out. so increase in interest rates in US does not help EM unless they bring some reforms. Honesty speaking, trump is not that bad for US. He has screwed turkey, China a bit and I live in India and they are bringing decent reforms. Whatever you say about that guy, he is really screwing assholes. In India we are thinking of doing the right things bringing decent laws. Trust me trump is not that bad. EM has been fucking US for quite some time, we should fix ourselves. Whatever you say, Obama was an abomination trust me.
Thomas Headley (6 months ago)
The havoc in the EMs will pass as they raise rates to slow inflation. Some have more to do than others. As investors go back to "risk on" behavior, the $$$ will move back to a more normal trading range. Domestic rates will start to rise in response to the outflow from American debt & political chaos.
Jack Black (6 months ago)
GG dollar
ummmm do all of those Black African christian countries support Iran or the US, I know you hate that but the majority of Africa is pro US
skip181sg (6 months ago)
http://www.africanews.com/2017/05/04/china-becomes-single-largest-contributor-of-africa-s-fdi-report/
skip181sg (6 months ago)
Africa is slowly but surely moving towards China mate...so it will all become Yuan
W. (6 months ago)
+Maximus Alexander Maxim Augustus XVIII you are just all over, relax. Africa is waking to reality that US/Europe has been screwing them over, they have wised up. They no longer want aid or being threatened to vote pro US at UN, they want investment that create jobs and value which China is providing but we are cautious on that, EU is also changing tone to aid but rather investment to also curb immigration problem. US is quiet.
W. (6 months ago)
Well Africa is shifting away from USD, more towards RMB because of increasing trade and investment which is less hostile than US. Euro is showing interest of late as well, certainly better than US but not as the Chinese. Its a matter of time given the US negativity towards Africa.
Magatte (6 months ago)
I'm an African and I can tell you that the majority of Africans hates the US. Your president said we live in "shithole countries". Ok, we agree with him, so he can go to no-shithole countries for allies. In Africa America is better known for the wars it started than its investments. The US is a bully country and your president thinks that Americans are better than anyone else on Earth, that's why you keep on polluting our planet and threatening other countries. No the US is not very popular in Africa.
Gordon Adams (6 months ago)
Trump making the Euro great. At the expense of the dollar. He is bringing the country down and his supporters are cheering him on.
Cheeseatingjunlista (6 months ago)
Make America Gimp Again - get those suits talcumed up guys
Steven David Stoffers (6 months ago)
I like this thesis too. Trump just gave a speech at the UN and the White House didn't have a heads up on Katowice? his UN speech fit pretty good with giving it a finger later.... and sure didn't pave the way for any action at all at the first COP with both with an agreed precedent and no open exemptions on the 2 big political, and geoengineering wise, carbon sources. based on usage and scale, with one of those including casinos and golf resorts. from my perspective in SE Asia.
Ron Dupard (6 months ago)
Agent Orange's supporters are just too goddamn stupid to know that they are stupid, so I guess you really can't blame them for being so stupid.
Paul Chang (6 months ago)
Trump and his supporters have lost their minds, they hypothesize by themself and feel great.
webster wu (6 months ago)
Pound had dominated for about a century, and the dollar has been there as the international currency for about a century, it's time to have a change for the Euro or RMB.
skip181sg (6 months ago)
BRICS trades in what? Yuan most likely. Dollar denominated trading Blocs are being superceded by newer...larger trading Blocs
skip181sg (6 months ago)
Yup...the EU and China will trade in EURO or Yuan... TPP will trade in what? Not USD that's for sure
dragondescendant1 (6 months ago)
Karl Heven, is no joke, many countries have already ditching Petro dollar for Petro Yuan.
Karl Heven (6 months ago)
LOL good joke, you must be a liberal/left-winged.

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.