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The withdrawal of U.S. troops from Afghanistan has left a power void in the region, with some analysts saying that weaker American presence overseas could signal a threat to the U.S. dollar as a global reserve currency.
Mike Lee, founder of Mike Lee Strategy, discusses the impacts on the U.S. dollar and American economy of the Afghanistan withdrawal with Michelle Makori, editor-in-chief of Kitco News.
“The geopolitical risk as a result of the way we withdrew from Afghanistan is exponentially higher than it was just a month ago. I think China is absolutely emboldened. I do not think any of that geopolitical risk is priced in the market,” he said.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
0:00 – Jobs data and macro
5:46 – Afghanistan and the dollar
9:36 – Geopolitical risks
13:05 – China
14:51 – Asset allocation
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