The Growing Revolt Against the US Dollar | Wendover Productions
Wendover Productions

The Growing Revolt Against the US Dollar | Wendover Productions

B2Upper-intermediateAugust 28, 202626 min
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Sentence 11 of 12 · 0:37

barely import anything from Samoa.

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low, even if a certain number of tallis always corresponds to the same value as a

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0:00

If an American wants to buy something in Britain, they'd need British pounds. The easiest way to get pounds is by finding a British person who wants to buy something in America—they'd need US dollars. Each currency represents value that can be exchanged for goods and services, so the logic

0:15

follows that one can trade two facsimiles of value for each other. But the same can be said for the Swedish krona and the Samoan tala. A certain number of each can be traded for, say, a gallon of gas in each country, and And yet, the two cannot be traded for each other quite so easily.

0:30

You see, Samoans only import about $19,000 of goods from Sweden each year, and Swedes barely import anything from Samoa. Therefore, the likelihood of finding a Swede looking for Samoan tallis at a given time is low, even if a certain number of tallis always corresponds to the same value as a

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