Sanchez Effect Episode: China’s Gold-Backed Yuan vs Dollar ‘Backed by Nothing’
Автор: Global Insight Point
Загружено: 2026-02-02
Просмотров: 33
Описание:
Economist Peter Schiff has warned that China is positioning itself to challenge the US dollar’s dominance by backing its currency with gold and other commodities. Speaking to Rick Sanchez on RT’s Sanchez Effect, Schiff argued that the yuan could gain global credibility because it is supported by tangible assets, unlike the dollar, which he says is backed only by trust. He also criticised Washington’s sanctions policy, claiming it has undermined confidence in the dollar as a stable reserve currency. Schiff cautioned investors against digital currencies not backed by physical assets, saying they offer no real security in times of crisis.
#sanchez #sanchezeffect #china #yuan #dollar #gold #peterschiff #globalfinance #currencywar #deollarization #economics #geopolitics
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