Donald Trump's tariff threats, trade war, and other aggressive policies are uniting the world against the United States. Meanwhile, China is deepening its cooperation with Europe, Southeast Asia, Russia, and even South Korea and Japan. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=G4soTzm9uMQ
Trump's tariffs turbocharge de-dollarization: https://geopoliticaleconomy.com/2025/05/05/trump-tariffs-dedollarization-sell-us-dollar/
Topics
0:00 Trump's contradictory policies
0:15 (CLIP) Trump vows to be "peacemaker"
0:45 (CLIP) Trump promises imperial expansion
1:23 Massive US war budget
1:44 (CLIP) Trump's $1 trillion military budget
2:04 Ukraine peace talks failed
2:18 Trump bombs Yemen, threatens Iran
2:36 Trump backs Israel's crimes
3:13 Neocon hawk Marco Rubio
4:09 Crusader Pete Hegseth
4:53 Trade war
5:31 China talks
6:20 Dedollarization
7:00 Trump isolates USA
7:29 (CLIP) Trump: USA will be "strongest"
7:50 Blowback
8:25 Poll: Trump is very unpopular
10:01 Fox News poll: Trump is unpopular
10:56 Global anger at US aggression
11:58 US "encirclement" plan for China
13:49 China, Japan, S Korea, ASEAN cooperate
14:53 China, Japan South Korea coordinate
16:15 Japan pushes back against Trump
17:40 China & Vietnam deepen relations
18:28 ASEAN prefers China
19:38 ASEAN's trade with China
20:04 China diversifies its trade
21:50 China-Russia partnership
22:21 (CLIP) Trump: Divide Russia & China
22:37 Xi Jinping's trip to Russia
23:53 China & Russia commemorate WWII
25:13 Europe & China improve relations
27:11 Trump unites the rest of the world
27:43 Poll: China more popular than USA
29:48 US imperial decline
30:09 China: world's no 1 trading partner
30:28 China: world's no 1 economy
30:51 China: world's no 1 manufacturer
31:36 USA: world's no 1 oil producer
32:24 Canada's election
34:12 Australia's election
35:25 The Trump effect
36:14 Outro
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36:28
Trump's tariffs turbocharge de-dollarization: World sells US dollar assets, seeking alternatives
Donald Trump said he wanted to save the dominance of the US dollar as the global reserve currency, but his aggressive tariff threats and trade war are accelerating dedollarization. Countries and foreign investors are selling US stocks and bonds (Treasury securities, ie, US government debt), seeking alternative reserve assets. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=VnWnyL3WGjg
Topics
0:00 Donald Trump's plan
0:24 (CLIP) Trump on dedollarization
0:51 (CLIP) Trump on dollar dominance
1:23 Dedollarization
2:00 BRICS
2:48 Financial markets are de-dollarizing
4:11 Blowback
5:06 Trump's "Liberation Day" tariffs
5:25 Trade war on China
5:49 US "grand encirclement" plan
6:35 China & Vietnam deepen ties
7:11 China, South Korea, Japan cooperate
7:56 Japan pushes back against USA
9:16 US bond market problems
10:43 Foreign holders of US Treasuries
11:13 China's US Treasury holdings
12:17 China is de-dollarizing
12:46 US asset seizures
14:03 China's dedollarization
15:17 Mar-a-Lago Accord means default
16:58 China de-dollarizes its reserves
19:00 Central banks buy gold
20:53 Gold price skyrockets
22:05 USD falls against yen & euro
23:21 Japanese & European bonds
24:35 Exchange rate risk
25:22 Japanese investors sell US assets
27:26 Dedollarization accelerates
28:37 Multipolar currency world
29:46 US current account deficit
30:40 Foreign holdings of US Treasuries
31:57 Scott Bessent fails to lower yields
32:30 Interest payments on US debt
33:20 Federal Reserve chair Jerome Powell
33:58 Dedollarization will continue
34:52 Outro
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35:06
Canada's new elite banker PM is not a real alternative to Trump
Canada's new Liberal Prime Minister Mark Carney is a center-right banker, not a real alternative to Donald Trump's right-wing agenda. They both serve the interests of rich elites and large corporations. Political economist Radhika Desai analyzes Canada's 2025 election results with journalist and lawyer Dimitri Lascaris.
VIDEO: https://www.youtube.com/watch?v=HH9PzE1Agt0
You can follow Dimitri Lascaris' independent media outlet Reason2Resist here: https://www.youtube.com/@reason2resist
This is part of the program Geopolitical Economy Hour. You can watch other episodes of the show here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP
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53:21
Is war on China coming? The US military is seriously preparing
The US military is preparing for war on China, and has missile systems in the Philippines aimed at major Chinese cities. Defense Secretary Pete Hegseth says the USA is making "Japan into a war-fighting headquarters". Ben Norton discusses the extremely aggressive policies of Trump, Biden, and beyond.
VIDEO: https://www.youtube.com/watch?v=E4f43dPOWgo
Trump's nuclear trade war targets China - but will blow back on USA: https://www.youtube.com/watch?v=u9k7132Iyeo
US Defense Secretary Hegseth wants to overthrow China’s government, in ‘crusade’ against left (and Islam): https://geopoliticaleconomy.com/2025/03/07/us-defense-secretary-hegseth-overthrow-china-crusade/
Topics
0:00 USA prepares for war on China
0:54 US missile systems in Philippines
2:01 Cuban missile crisis
2:59 Bipartisan warmongering
3:47 Economic war
4:51 Trump boosts military budget
5:05 (CLIP) Trump: $1 trillion military budget
5:36 Deficit, DOGE, & Elon Musk
6:24 Pete Hegseth: an imperial "crusader"
7:04 (CLIP) Hegseth promises "lethality"
7:18 Hegseth's "American crusade"
8:16 Pentagon memo on war with China
9:01 Heritage Foundation
9:46 Pentagon memo on war with China
11:57 Trump's goal with Ukraine
12:27 (CLIP) Trump: divide Russia & China
12:42 Pentagon dubs China top "threat"
14:37 China's challenge to US hegemony
16:40 Taiwan as US imperial outpost
18:25 US troops & weapons in Taiwan
18:53 US-China three communiqués
20:47 USA backs Taiwan separatism
21:16 (CLIP) Marco Rubio on Taiwan
21:49 Taiwanese authoritarianism
22:56 Polls on Taiwan separatism
24:17 Taiwan's semiconductors
25:47 Hegseth's trip to Japan
27:16 USA promises peace through war
28:03 Trump admin's top 3 military goals
28:18 US aggression
30:31 Hegseth's trip to Philippines
31:26 (CLIP) USA has "real war plans"
32:12 Philippines as US imperial proxy
34:31 Silicon Valley prepares for war
35:11 Billionaire Palmer Luckey
38:54 Pentagon contractor Anduril
39:35 CIA-backed Palantir
40:02 Oligarch Peter Thiel
40:57 Venture capital & military-industrial complex
42:35 USA is an oligarchy
43:45 US war on China
45:02 Outro
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45:28
Is Trump the last straw for the dollar system?
Will US President Donald Trump be the tipping point for the dollar system? Even Western financial outlets now warn of the beginning of the end of dollar dominance. To discuss, host Radhika Desai is joined by economist Michael Hudson and economic geographer Mick Dunford.
VIDEO: https://www.youtube.com/watch?v=bGZXDzmL10k
This is part of the program Geopolitical Economy Hour. You can watch other episodes of the show here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP
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