Trump Retaliates Against BRICS Plan to Replace US Dollar

"Internationally, the dollar is still king. I mean, there's no doubt about that. However, and this is unsurprising, too, the US dollar is weakening because it is being devalued and it's having its worst year in the past 50 years."

"If other countries are not buying US government IUS, then our interest rates will go up. And that's crippling not only just US consumers but also the US government because the US government is $37 trillion in debts and they have to make interest payments as well on that debt."

"What's going to happen is that the Federal Reserve will have to step in as the buyer of last resorts and print trillions of dollars to buy all these US government IUs that other countries don't want."