Hugh Hendry on de-dollarization
Kitco News, August 19, 2023
“Where is the largest line if you go to visit any of the major metropolis cities of the world, and you look for people queuing up for a visa? The biggest line for visas is the United States. I don’t see anyone seeking a visa to go and live in Beijing, or indeed for that matter India, or Brazil, or Russia, or South Africa.
Until I see huge lines in the visa queue outside their embassies, I would say that de-dollarization is a fantasy which is detached from economic logic and reason.”
Quote from Hugh Hendry, during an interview by Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, August 19, 2023.