What exactly is happening to the U.S. dollar?
Carol Roth, financial expert and author of the upcoming book “You Will Own Nothing,” joins Glenn Beck to tell Americans what we need to know — and who we need to look out for.
“It’s Russia. It’s China. It’s China courting Saudi Arabia,” Roth explains, adding that we have some issues when it comes to the dollar.
“Not just with reserves,” she continues.“But really what puts us in the pole position as well is being a huge piece of the payments.”According to Roth, we still “dominate” the payment side.Roth is talking about the global payment system called the Society for Worldwide Interbank Financial Telecommunications, otherwise known as SWIFT. The system powers most international money and security transfers and is used to quickly, accurately, and securely send and receive information.$100 trillion per month goes through SWIFT, and China currently only accounts for just under 2.4% […]
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