How Global Trade Runs on U.S. Dollars | WSJ

Youtube Video Link

Global Currency Trades for Various Currencies

The video uses the data shown in the image above to make the case that the US dollars is used in more global trades that any other currency, then it goes on to explain that because of that fact, almost all global trades technically touch US soil. That gives US a lot of power to enforce doing business in a way that is compliant with US laws.

This video is shared by the Wall Street Journal, so I believe that the target audience is probably just about everyone. However, it wouldn’t be far-fetched to say that its subscribers are likely left leaning, which would imply that maybe the content it releases is for slightly left-leaning individuals.

Overall, it appears to me that the goal is to show how much power US has and at the same time show that a growing number of countries are working to stop this kind of power that the US has. And to that, it’s up to the reader to form their opinions. If that is the goal, then I think this is effective. The video was very much leaning on an informational side, and so it let’s me make my own decisions about what I think should or shouldn’t happen.