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Sean Duffy: “70% of transactions are done in US dollars.”

Featuring: Sean Duffy, Republican | Secretary of Transportation | National

Sean Duffy & Rachel Campos-Duffy: Blue States Are Not Ready

Published February 27, 2025 | Video Starts at 06:09

Pool the resources to have an offset to the US Dollar where the reserve currency, all transactions are done in US dollars or most transactions, 70% of transactions are done in US dollars. They want to have a competitor to the dollar. Well, if we're not the reserve currency, people trade in their dollars. (06:09–06:12)

CLAIM

Asserts that 70% of global transactions are conducted in U.S. dollars.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Sean Duffy

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“When you have $33 trillion in debt and we're still going to have a deficit, we're going to borrow another $2 trillion this year.”
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“There is no end in sight. We are not going to stop spending. It's only going to get worse.”
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“There will be a point that people say, hey, America is not a good place to invest. It's not a safe place for my dollar.”
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“We're also seeing the BRICS. These are other countries that are trying to pool their currencies, starting with China, Brazil, Russia.”
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“If we're not the reserve currency, people trade in their dollars. That also is going to have a massive impact, I think, on our economy and…”
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“If we move to a central bank digital currency, the government's going to control how, when, where you can spend that money.”
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“I think they want to control energy, food and currency. And once they control those three things, they control us.”
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“They're trying to collapse our current system to usher in this new currency of control.”
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“You're seeing, you know, the cash machines at banks and the grocery store, they're starting to take those out.”
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“Face recognition clear is moving from eyes and fingers. They now want to do a digital scan of your face.”
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“Instead of following actual terrorist threats on airplanes, they're following around J Sixers, many of them men and women who served in the…”
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“Most Republicans have said, listen, I don't want to protest. I don't want to use my First Amendment rights, because I know that if I do, I…”
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“If January 6th and the targeting of those who went to that rally hadn't happened, you would have seen large protests outside of courtrooms…”
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“The baby's on the list.”
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“High schoolers trained to do the vetting of millions of people that are coming into the country. There's no vetting that's happening.”
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“We don't know who's coming in, know what purposes they have.”
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“I think there's a, there's, there is the potential for an attack on the horizon.”
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“Dick Durbin from Illinois, a Democrat, wants to put these illegal migrants into our military again, who haven't been assimilated.”
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“We don't want you to have more freedom. We want to take that freedom from you and we want to deposit it with ourselves.”
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“When they were afraid, they behaved like sheep. And very few of them pushed back and rebelled against the tyranny of COVID.”
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“I served in Congress for nine years.”
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“I'm one of 435 members in the House.”
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“There's only 100 senators, there's 535 of us in the country.”
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“We live in New Jersey and we found one of the greatest schools here.”
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“You see the enrollment of these classical schools, more parents are getting it.”
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“We send our little daughter to the University of Dallas. Good Catholic, traditional education, classical.”
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“Had I sent her to some other state university or woke University, I very well could have lost her.”
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“They professionalized, indoctrinated in your child that it's not about education.”
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“If you love your child, why on earth would you send them into the devil's den and get warped?”
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“We went to a homestead conference.”
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“There's a chicken guy, there's a bee guy, there's, you know, the milk guy.”
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