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Jake Auchincloss: “Since World War II, there's really been two pillars of…”

Featuring: Jake Auchincloss, Democratic | U.S. House Massachusetts, District 4

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Trump Claims Hormuz is 'Open For Business' | Balance of Power 04/17/2026

Published | Video Starts at 11:45

And she's precisely right. This has been a massive backslide in America's strategic relevance globally. It's worth noting actually, that Since World War II, there's really been two pillars of American global dominance. One has been freedom of navigation on the ocean blue, and the other has been the United States dollar as the world's reserve currency. And in the same week, this President is degrading both he's attacking the independence of the Federal Reserve and his attacks on Iran have undermined freedom of navigation. (11:45–11:58)

CLAIM

Asserts that American global dominance is based on freedom of navigation and the U.S. dollar as the reserve currency.

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