"The renminbi is the ascendent currency, the dollar is in decline," proclaims Mark Yusko, Morgan Creek Capital Management founder and CEO. The dollar has been the world's reserve currency for over 70 years, "but that's rapidly coming to an end," he tells our Daniela Cambone in part one of this interview. "We're in a recession right now," and the Fed has not acknowledged that, Yusko continues. "[The Fed] will start cutting rates in the fall," he predicts. Yusko concludes that China is the emerging contender to be the world's next global superpower, "and the next war will be fought with chips, not ships." Video by Stansberry Research.
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