Kitco News Anchor Jeremy Szafron sits down with one of the world’s most respected economists, former IMF Chief Kenneth Rogoff, for a stunning interview about the future of the U.S. dollar. As central banks buy gold at the fastest pace in modern history , Professor Rogoff, author of the new book ‘Our Dollar, Your Problem,’ explains why the dollar’s “days are numbered.”
In this wide-ranging discussion, Rogoff tells Jeremy Szafron why he believes the Federal Reserve is “under assault” – a structural problem in US politics that will inevitably lead to higher inflation. He also declares that “the Chinese crisis is here” , explains why the US is vulnerable to a Japanese-style inflation shock , and reveals why he believes “gold is the new gold.”
Guest: Kenneth Rogoff
Harvard University Professor
Former Chief Economist, International Monetary Fund
Author, “Our Dollar, Your Problem” and “This Time is Different”
This interview was recorded on September 16, 2025.
0:00 – Intro: The US Debt is Growing by $1 Trillion Every 100 Days
1:20 – Ken Rogoff: Why This Time is Truly Different for the US Dollar
2:15 – Asia is Half the Dollar Bloc, And They’re Buying Gold
3:30 – The “Tina” Argument: Is the Dollar Still the Cleanest Shirt?
5:00 – Why China is Being Forced to De-Dollarize
5:45 – Has the Market Lost Faith in the Federal Reserve’s Guidance?
6:50 – Rogoff: The Fed is “Under Assault,” and it’s Not Just Trump
7:30 – Is the Fed Trapped Between Inflation and a Debt Crisis?
8:30 – The Deeper “Disease” in the US Political System
11:20 – How Political Pressure Impacts the Fed’s Global Perception
13:50 – The “Unforced Error” That Puts US Debt at Risk
14:30 – The Truth About Japan’s Debt Crisis: “Boy is That Wrong”
16:45 – Is the US Vulnerable to a Japanese-Style Inflation Shock?
19:10 – Why Central Banks are Really Buying Gold (Sanctions & Distrust)
21:00 – The Weaponization of the US Dollar: “It’s Happened”
22:20 – Stablecoins: An Innovation or a Threat?
24:08 – Why Russia & China Are Trading in Stablecoins
25:20 – Bypassing SWIFT: The New De-Dollarization Threat
26:50 – The UK’s “Unforced Error” and the Decline of the Pound
29:15 – How Tariffs Reduce the Desirability of the Dollar
30:30 – Hemingway: How You Go Bankrupt “Slowly, Then All at Once”
33:20 – LIGHTNING ROUND: Bitcoin, Inflation, China Crisis
35:20 – How a Top Economist Structures a Personal Portfolio
36:10 – Rogoff: “Gold is the New Gold”
#KennethRogoff #USDollar #FederalReserve #Dedollarization #Inflation #KitcoNews #EconomicCrisis #Gold #China
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25 Comments
Professor Rogoff made some stunning predictions in this interview, declaring "the Chinese crisis is here" and warning that the Federal Reserve is "under assault."
What was the single most important takeaway for you? Let us know in the replies below.
Jeremy has a very impressive and sure grasp on this topic.
The Fed is a criminal organisation. It looks after the rich
Since inauguration the dollar is down against most major currencies. You voted to tax yourself, hand the treasury to billionaires, and end trade agreements.
Socialism is to communism as this guy is to Keynesianism… next.
if this guy think the Euro is gonna be around in 10 years, much less be an alternative reserve currency to USD, he's on glue.
Garbage article.
After 5 min, it’s clear the speaker has a tunnel vision of the USD’s hegemonic rise & fall.
😡
thank god for education at universities.
what would happen if we skipped the civil war part and held those accountable? Remember, remember, the 5th of Novemeber…..
KING OF A SMALL HILL
Another brain dead .
How does this knucklehead believe that the fed has inflation under control????? The numbers are totally cooked. This dude probably believes inflation was transitory as well. inflation has been way above 2 percent for years and the fed has screwed everything up with home prices, debt of all sorts, and also the employment numbers are so misrepresentative of the true unemployment rate. The fed has been a nightmare.
Lowering rates would reduce the debt not increase it. Most of the budget is just interest in the debt. Why do you think Japan keeps rates at zero. Same thing. It helps control inflation. It was the covid $10 trillion extra government spending and the $10 trillion mortgage debt (due to fed buying mbs to hold mortgage rates down) that caused the inflation. Not the treasuries interest rate
Gordon Chang junior speaking. China has collapsed while they still hold 700 or so billions of US debt. 😂😂😂
Forward guidance= don’t follow us, go where we tell you…
I have zero confidence in the brics and silk road as the imf 3rd world shit holes Walmart they are 😂❤
We are going to move to cripto to pay off the 37 B.
Anti China propaganda.
Even Goldman says China are buying 10x more gold than they declare.
Even back of the envelope calculations pues their accumulated gold over decades at 30 000 tonnes, maybe more
The end started when real money became funny money in 1971.
America dream is to wish China collapsing? how evil are you!😢
It means that America cannot proint notes whenever they want.
This content makes personal finance easier to understand.
F the Fed. Their new building is the cherry on top of their outrageousness.
Chinese crisis? No, it’s the US and western European crisis.