U.S. dollar loses credibility as its hegemony backfires: Chilean expert

STORY: U.S. dollar loses credibility as its hegemony backfires: Chilean expert DATELINE: May 23, 2023 LENGTH: 00:02:39 LOCATION: Santiago CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Fed 2. SOUNDBITE 1 (Spanish): CRISTIAN CANDIA, Chilean professor and researcher 3. various of the United States 4. SOUNDBITE 2 (Spanish): CRISTIAN CANDIA, Chilean professor and researcher 5. various of the United States STORYLINE: A Chilean researcher said that as monetary abnormality in the U.S. increases, the world is losing confidence in the country's fiscal policies, though the U.S. dollar still remains an important currency for the time being. SOUNDBITE 1 (Spanish): CRISTIAN CANDIA, Chilean professor and researcher "We are living in a moment of sharp monetary abnormality. Worldwide inflation is hitting the U.S. hard, because this has led the country to lose credibility in terms of the U.S. dollar being the currency of refuge. There is a high fiscal deficit in the United States, which makes its anti-inflation po

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- Photo taken on Feb. 25, 2022 shows the main building of Bank of Russia in Moscow, Russia. (Photo by Evgeny Sinitsyn/Xinhua)

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- People walk past a foreign exchange office in Cairo, Egypt, on March 21, 2022. (Xinhua/Ahmed Gomaa)

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- Photo taken on June 22, 2022 shows the U.S. Federal Reserve building in Washington, D.C., the United States. (Xinhua/Liu Jie)

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- Photo taken on July 7, 2022 shows the euro (back) and U.S. dollar banknotes in Brussels, Belgium. (Xinhua/Zheng Huansong)

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

Xinhua Headlines: U.S. financial hegemony backfires as countries opt for de-dollarization

(220714) -- BEIJING, July 14, 2022 (Xinhua) -- A customer shops at a supermarket in Oregon, the United States, July 13, 2022. (Xinhua/Wang Ying)

U.S. financial hegemony backfires as countries opt for de-dollarization

STORY: U.S. financial hegemony backfires as countries opt for de-dollarization DATELINE: July 14, 2022 LENGTH: 00:02:33 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY/POLITICS SHOTLIST: 1. various of the street view of in the U.S. 2. SOUNDBITE (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City STORYLINE: With the U.S. dollar being increasingly weaponized by a self-serving Washington, countries have been seeking reliable alternatives to regain financial independence. India's central bank has recently unveiled an Indian rupee settlement system for international trade, a move seen as a step towards de-dollarization. An American economist says the U.S. financial hegemony backfires as countries opt for de-dollarization. SOUNDBITE (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City "That (the dollar hegemony) enabled America to have high living standards and to be rich despite the fact that it's de-industrialized. The question is how