Want to create an interactive transcript for this episode?
Podcast: Debunking Economics - the podcast
Episode: Ditching the dollar
Description: There’s been a lot of talk lately about de-dollarisation. In other words, global investors are parking less of their money in US dollars (in the form of US treasuries/bonds). What was once considered a safe choice, is now seen as having more risk, and that’s being accentuated right now by the falling value of the US dollar. If, as an overseas investor, you bought US government bonds a t the start of the year, they’d be worth 10 percent less now, simply because that’s how much the dollar has fallen by. Steve says it’s not a big...