The decline of the U.S. dollar affects far more than currency markets — it influences your business margins, investment returns, and purchasing power.
Host Tom Wheelwright sits down with Harvard economist and former IMF Chief Economist Kenneth Rogoff to explain why the dollar’s global dominance is slowly changing. Rogoff outlines how rising debt levels, shifting international trade relationships, and competing currencies are challenging the dollar’s position as the world’s reserve currency.
In this episode you will learn:
- Why a weakening dollar raises everyday costs
- How currency shifts impact inflation and interest rates
- What the dollar’s global role means for investors
- How businesses experience margin pressure from currency changes
- Which strategies entrepreneurs should consider now
Wheelwright and Rogoff connect macroeconomics to practical decisions. When the dollar weakens, imports cost more, global investors adjust portfolios, and capital flows into alternative assets and international markets. Entrepreneurs face pricing pressures while investors see changing performance across stocks, commodities, and real assets.
This conversation provides a framework to help business owners and investors prepare for currency shifts instead of reacting after they happen.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 – Intro. 02:44 – The Basics: How the US Dollar is the World’s Reserve Currency. 06:42 – How the global financial system flows through the United States. 12:00 – Economic weapons and how we overused our powers. 14:00 – Tariffs are making us vulnerable. 17:00 – Are we in danger of losing our power? What’s the consequence to the average business owner? 20:30 – Are we moving toward Bitcoin? Is it truly “useless”? 30:00 – What can business owners do? What can they plan for?
Looking for more on Kenneth Rogoff? Book: “Our Dollar, Your Problem” Twitter/X: @krogoff Substack: @kennethrogoff
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