Is the dollar at risk of losing its status as the world’s reserve currency?
We ask political risk strategist Ian Bremmer what happens when central banks flood the markets with liquidity and economic threats to the world’s most important powers usher in a tendency towards “risk off.”
In his new book, Every Nation for Itself: Winners and Losers in A G-Zero World, Bremmer describes a current global paradigm in which American influence is fading without a new power stepping in to fill the void. He calls this world “G-Zero”—a troubling but unsustainable period of tense geo-political relationships and uncertain investments.
We spoke with him about the role of the dollar and currencies in this unfamiliar global paradigm, and he tells us how the U.S. and the dollar doing well in this environment could actually endanger its longer-term future.
Watch the interview below:
Produced by Daniel Goodman and Kamelia Angelova