Jimmy Dore
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The Dollar Is Losing the World — Jeffrey Sachs
Posted
August 30, 2026
Views
72,364
Likes
3,075
Comments
405
Engagement
4.81%
August 30, 2026
72,364
3,075
405
4.81%
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10:47Now PlayingJimmy 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.
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#TheJimmyDoreShow is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. The show is also broadcast on Pacifica Radio Network stations throughout the country.
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