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The Red Line

May 15, 2023

There has been an online explosion of discourse surrounding several currency agreements signed by nations like Russia, China and India, with some even predicting the emergence of a gold-backed BRICS currency to rival the US dollar but the end of the year. Is this actually possible though, and how likely are these five countries who have wildly different levels of interest, savings and inflation, to work together in the long term, or is this just Russia and China making political noise whilst still clinging to the stability of the US Dollar? Are we experiencing the beginning of "The Death of the US Dollar?", or a masterclass on why it has maintained its primary position for so many decades now? We ask our panel of experts:

On the panel this week:

- Vicky Pryce (CEB)
- Maximilian Hess (FPRI)
- Anders Åslund (Swedish Economist)

Intro - 00:00
PART 1 - 03:59
PART 2 - 29:26
PART 3 - 53:53
Outro - 1:07:36

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