News. Views. Hughes - June 24, 2019 (17:00 ET)
China delivers US dollar a golden blow
China’s continuing push to increase its gold reserves to counter the US dollar has sustained a worldwide gold-buying spree. Last week’s US Federal Reserve Board meeting - an event signaling a likely drop in US interest rates – also contributed to the spike in the price of gold. The US dollar’s status as world reserve currency may be in jeopardy. RT America’s Sara Montes de Oca reports for News.Views.Hughes.
China wary of ‘weaponized’ USD – Christy Ai
Christy Ai, host of “Boom Bust” joins Scottie Nell Hughes to weigh in on China’s drive to increase its gold reserve. She argues that President Trump has a history of “weaponizing the US dollar” and that China is concerned about the possibility of US sanctions in the future. She points out that while the dollar remains strong, more and more investors are buying gold as a hedge against hyperinflation.
Cancel student loan debt?
Julio Rivera of the Reactionary Times and civil rights lawyer Robert Patillo join News.Views.Hughes to discuss Democrats’ plans to reform how Americans pay for college, including a proposal by Sen. Bernie Sanders (D-Vermont) to cancel $1.6 trillion dollars in student loan debt and make public universities and colleges tuition-free. They also discuss a less-ambitious plan by Sen. Elizabeth Warren (D-Massachusetts).