The Dollar Is Losing the World — Jeffrey Sachs (Jimmy Dore)

Jimmy is joined by Jeffrey Sachs who argues that the growing use of U.S. sanctions is encouraging major countries, particularly BRICS nations, to reduce their reliance on the dollar and develop alternative payment systems. Sachs says the traditional petrodollar system is only part of a broader shift away from dollar-based international trade, as countries increasingly consider local currencies and China’s CIPS system for settling transactions.

He argues that weaponizing the dollar by threatening sanctions and asset confiscation is accelerating this transition, potentially reducing foreign demand for U.S. securities and contributing to higher interest rates. The segment concludes with Sachs warning that America’s debt, deficits, military commitments, and expanding sanctions are weakening its economic position, while Jimmy characterizes the trend as “endstage empire” for the United States.



Trump is making enemies of the entire world. Before he allegedly went mad, one of his goals seemed to be the withdrawal of the US from being the world's policeman. Insiders said he derailed a previous plan to attack Iran during his first Administration. So what's happening now, this collapse in support, may be intentional. He knows that overseas war is a bad idea. If the rest of the world, particularly China and Saudi Arabia, reject the US, then the US will be forced to reindustrialise and be energy independent. This is the rocky road to self sufficiency. It's an anti globalist gambit and it's rolling out while he's also serving the interests of the neocons and Deep State - those that tried to have him assassinated. It looks like an intentional clown show.  

[Posted at the SpookyWeather2 blog, September 1, 2026.]