FOXNEWS FOX and Friends Saturday June 4, 2024 13:41:00
South africa. that mix an acronym of brics. here to react is economist peter st. ah? a. no peter, i heard jesse ask question, please explain it to me like i'm an 11-year-old. [laughter] what are the implications and what it could do to the u.s. financial dominance and the dollar? >> so the risk with brics is that they come up with a currency that competes with the u.s. dollar. now, the u.s. collar's currently under attack for a variety of reasons. if this keeps up, we could lose the dollar dominance that we've had for 80 years now. if that happens, we'd be looking at inflation, hits to banks, ...