In this special episode, we sat down with James Gorrie, author of “The China Crisis,” writer at The Epoch Times, and blogger for The Banana Republican. He talks about the currency wars. Is the dollar’s dominance going to fall? Gorrie notes the debut of China’s central bank digital currency during the Beijing Winter Olympics. He said, “China was the first kind of big developed economy to debut it—a central bank digital currency—and that’s kind of a Sputnik moment. That puts them ahead of the game. That puts them, that gives people pause.” As for the dollar’s dominance, Gorrie said, “If you’re not having confidence in the economy of the reserve currency, or the way that country—the U.S. in this case—comports itself abroad and controls situations and resolves situations, if that’s not happening, then there is that opportunity, and China knows full well, if that’s the case, and they are taking advantage …
China’s Central Bank Digital Currency Debut ‘A Sputnik Moment’: James Gorrie
April 9, 2022
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