00:00Dollar dominance is essential in everything President Trump is doing here.
00:04If you look, the new Venezuela is going to, is invoicing in dollars.
00:11They're coming back onto the dollar system.
00:13They've been sanctioned.
00:14They were not allowed to translate or to transact in dollars.
00:18And now the dollar is going to be the centerpiece of their trade.
00:24They were selling discounted oil to China and not getting dollars.
00:28We're seeing in the Iranian negotiations, the Iranians will be invoicing in dollars.
00:36So everything we are doing is pushing the dollar back.
00:41It's never left as the centerpiece for the global currency system, but we're reinforcing it.
00:48You know, I would anticipate when the Russia-Ukraine conflict ends that Russia will want to come back in the
00:56dollar system.
00:57Because, again, you know, the dollar, it's our liquidity, it's our capital markets, it's the depth and breadth.
01:04Everyone wants to be here.
01:06You know, the dollar, it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets,
01:09it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets,
01:09it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets,
01:09it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets,
01:09it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets,
01:09it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets,
01:09it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets, it's our capital markets,
01:09it's our capital markets, it's our capital markets,
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