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Could the Dollar Be Dethroned as the World’s Reserve Currency?

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Dr. E.J. Antoni—Research Fellow for Regional Economics in the Center for Data Analysis at The Heritage Foundation—joins The Rich Zeoli Show to discuss his most recent article for The Daily Caller, “This Could Be the Final Nail in the Dollar’s Coffin.” Dr. Antoni writes: “Joe Biden is dethroning King Dollar in real time. The US dollar’s financial dominance is under siege from a uniquely bad combination of foreign and domestic policies, and Americans should be deeply concerned by the fallout if the dollar loses its 80-year reign as the world’s reserve currency… If foreigners no longer want [dollars] for trade, central bank reserves, private wealth funds, and the official currency of about a dozen countries, all those dollars have nowhere to go but back to us in a flood like our country has never seen. This flood will compete for goods and services in the US against the dollars already here as decades of accumulated trade deficits come flooding back all at once. At that point, hyperinflation will not be hyperbole.” You can read Dr. Antoni’s full article here: https://dailycaller.com/2023/03/30/opinion-the-ukraine-war-could-be-the-final-nail-in-the-dollars-coffin-ej-antoni-peter-st-onge/

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Weekday afternoons on Talk Radio 1210 WPHT, Rich Zeoli gives the expert analysis and humorous take t 
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