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- Carney on ‘Fox and Friends’: China’s Yuan is an ‘Inevitable,’ ‘Serious Threat’ to the Dollar Being World’s Currency
Carney on ‘Fox and Friends’: China’s Yuan is an ‘Inevitable,’ ‘Serious Threat’ to the Dollar Being World’s Currency
by Jacob Bliss Breitbart.com
Breitbart News economics editor John Carney said in an interview on Sunday morning’s Fox and Friends that the Chinese yuan is an “inevitable” and “serious threat” to the U.S. dollar being the world’s currency.
Discussing the Chinese yuan possibly being a threat to the U.S. dollar and hindering the ability of the dollar to be the currency of the world, Carney told the host that he believes it is “inevitable” and it is a “serious threat.”
Carney also agreed with the host that the U.S. dollar has gone through three stages since World War II: when the U.S. was the biggest economy in the world, when the dollar took over global banking, and after the fall of the Soviet Union when the “entire world more or less came under the domination of the U.S. dollar.”