Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
@@darnellcapriccioso Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@@maiadazz My Financial adviser is Laurel Dell Sroufe, she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Christine Jane Mclean, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.
@@EllenAbrex After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
Weaponizing the dollar was a massive mistake that caused so much suffering for poor innocent people that were under the US government sanctions, some people couldn't even buy medication, so alternative currency is vital for the peace and security of the world. India, China, Brazil, Russia, and many other big nations should use their own currencies.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
@lloydbernard5847 Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Reason I work with ‘’KAITLIN ROSE STERNBERG’’ a brokerage-advsor who sets asset allocation that fits my tolerance and r!sk capacity, investment horizon, present and future goals.
@Lloyd Bernard It's important you remember that there are good and bad days. It's a zero-sum game, but always remember this advice: Spend carefully, invest intelligently, and diversify your holdings so that when one performs poorly, the others will. You can do this by hiring a knowledgeable specialist whose platform offers a variety of investment options. You leave little space for regrets by doing this, and you might even gain more.
@@Curbalnk Reason I work with ‘’KAITLIN ROSE STERNBERG’’ a brokerage-advsor who sets asset allocation that fits my tolerance and r!sk capacity, investmnt horizon, present and future goals. , I diversified my 77K portfolio across multiple market with her aid & I have been able to generate over 433k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@Curbalnk I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@louisairvin3052 heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up…
What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $ 350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?
All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous rip-ple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the sto-ck market and my businesses. I keep only what I need to spend in my checking account.
Iron-ically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Vola-tility goes both ways. The banks are in a big crisis. The ma=rket looks very shaky. The bigger the red candles, the bigger the green ones. I have made over 280k in the last 4 months by invest=ing through my FA.
There are many you could potentially find online. I personally work with 'Deborah sue Bohn'' , and she's been spectacular. But there are also many others you could check out yourself.
It's the West's decision to block Russia to use Dollar & Euro Dollar rather, that leaves Russia no choice but to use Yuan instead. However, Russia opens up the Pandora's box, Brazil, Saudi Arabia, India follow suit. It will damage Dollar hegemony eventually.
@Max Headroom It is only powerful when fighting stateless entities or fighting against countries severely weakened by years of sanctions and constant harassments / undermining by not only the USA but including USA allies forced to participate behind the scenes
Not just Russia and China, the whole world is moving away from using the dollar. Many are moving to regional direct settlement or bilateral settlement. So the dollar will see smaller and smaller usage, hence the value will drop.
As all those dollars bought by foreign countries to trade make their way back to the US as they are no longer required, hyperinflation will set in at crazy levels never seen before. Imagine paying $100 for a loaf of bread 🤯
Countries may be dumping US treasuries as we speak... if US dollars flows back to the US, im afraid we will see hyperinflation in the US. Is the Fed controlling inflation currently?🤔
Listening to the guy from UK talk , you can see the hate for Russia in his eyes . I think the media need to start having guest who can genuinely comment without sentiments
@Max Headroom «How powerful is the US military compared to other nations? Ridiculously powerful. Most people have no idea. There is no other nation that can project as much power across such long distances in so short a time.» ---- Russia is currently projecting his asynchronous power at even greater distances. And the cost of projecting it is much lower than the US's projection of its military. Add to this that your "project as much power" is a too vague concept, and to realize that is is vague ask yourself simple questions such as "project what, for how long, to obtain what, at what cost, etc etc.?". And add to those the simple question how that after 20 years the consequences of the "victory" over Iraq are turning in a a long-term defeat. Your is simplistic, cartoon-like. If those, that you talk about, were victories, nobody would question today the $'s role in the world.
CGTN is a lot better, is pretty much the same style but without the western bias, I was very surprised to find criticism of China in chinese media, I just com back to Al Jazeera to laugh at westerners panicking because is the end of their age
It`s not just Russia and China,most countries around the world is just sick and tired and fed up with U.S. arrogance unilateral sanctions coexion and blackmailing tactics..enough is enough!😎
America created capitalism, global financial system and credit, stock markets, credit cards, AtM, electricity, lights, nuclear power and weapons, airplanes, computer chips, computer, internet, e-commerce, refrigeration, electric vehicle, cable TV, UA-cam, Google, Amazon, Microsoft, Apple, Tesla, Pfizer, brain and heart surgery, GPS, refrigeration, discovery oil and uses. Fiber optics, 80 of world invention.
@@JamilKhan-hk1wl You just don't understand how basic economic system works. The united states is the biggest economy in the world and USD is world's reserve currency. This put the US government in a unique position to print USD as needed for its economy wihout loosing much value, as long as US economy continute to grow and people buy USD as reserve currency. If you want to take away the United State's ability to print money, then grow your country's economy larger than the United States or try to convince the world to use your currency as reserve currency. Simple as that!
The frequent use of dollars and swift financial transfer system as a political tool by USA and it's friends is making many countries for searching for alternative currencies and financial transfer system.
Yes, a weaponization a major detriment, one of many. Most have not realized the the dollar is also being knocked down, not only by overprinting and overspending, but also by new cryptocurrencies that tend replace, thus destroy the dollar.
@I Love The Way U lie once upon a time british ruled large parts of the world, now they are nowhere to be found, this hegonomy, arrogance that nothing can shake us goes before the fall.
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues.. well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60. I need suggestions on what investments to make..
@Mark Lofgren I just started few months back, my grandson helps me but I'm going for long term, I'm still trying to figure it out honestly.. Which advisor do you work with?
@Mark Lofgren I'm new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I'ld really love to put it to good use seeing how inflation is at an all time high, who is the coach that guides you, mind I look him/her up?
@Mark Lofgren Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume
thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply
@@ziedyacoub8488 The end of sanctioning countries just because they don't follow their ideologies or wont integrate their cultures into their societies.
Problem is no one's interested. Russia's currency is DOA and China maintains closed capital on theirs. Dollar was spreading like confetti when the USSR kept their currencies sovereign. No one's going to trust an unknown currency. The dollar AND the euro won't be dethroned between now and the end of mankind. Now cope.
China and Russia are not out to dethrone the USD. China and Russia are creating something new. Sooner or later , a lot of countries would not want to be held hostage by the USD and the kowtow needed. Alternatives are always good. In the new order create by China and Russia…..all countries are equal. No one need to kowtow.
Incorrect, it's nothing new. America Created everything the world enjoys including UA-cam, Google,internet, e-commerce, electricity, nuclear, telephone, cellular phone etc
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $589k in months. You have to seek for help in the right places.
I think it's not always about fear. Sometimes realistic factors discourage people from reaching their goals in life. For example, I have tried to invest in the stock market several times, but have always been put off by fluctuations in the value of shares.
@@Aziz__0 Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $1Million in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
@MargaretNICOLE DESIREE SIMON is her name. I initially came across her on a CNBC report then on an investment newsletter and at once searched her on the internet, best decision I've made to stay afloat these crazy times. She has been exemplary.
The value of RMB is still tied to US$ and China does not allow RMB to be freely exchanged. US$ is depreciating quickly, so is RMB. What we really need is a currency that is based on gold and silver, which cannot be printed easily.
Economy used to be based on the work of our forefathers, gold digged out from the ground, seeds in the fields etc. When US took the dollar of the gold standard, they created an economy based on the dreams of future work by our children = giving a horrible debt burden to children all around the world. People all around the world now say : No !
It took decades for dollars to be dominant. It will take at least a decade for it to stop being dominant. In addition, China has no intention of yuan to be world reserve currency: it just wants to reduce possible sanction risks as well as convinence in trade between non-west countries. Yuan won't replace dollar anytime soon, but regarding dethroning dollar, there is a saying: "Die with a thousand cuts."
The beginning of the end has already begun for the US Dollar. Inflation is not going away, and will tend to get worse rather than better, as hyperinflation and destruction of the dollar are in the bag.
Not exactly, Russia and China are both on strong nationalist of policy of hegemony at the moment. They simply lack the status and resources to achieve it.
True. The dollar is doomed for many reason, the most overlooked reason being cryptocurrencies, which tend to ultimately defeat, replace and destroy old-fashioned fiat currencies.
The most traded currencies daily from April 2022, the Sterling, Yen and Euro would have a better shot at replacing the $ dollar than the Yuan. And it's back up since then. The Canadian and Australian dollar were just behind the Yuan. Just think about those things, that even with all of the exports out of China globally and this is where it is. Of which will likely steadily decline in the years to come. The reality is that whether anyone likes it or not, the Chinese rise economically needed the West as a market. There is no replacement. Also as of right now, the AUD, CAD and Swiss Franc now are being traded more than the Yuan. 1 U.S. dollar USD $ 88.5% 2 Euro EUR € 30.5% 3 Japanese yen JPY ¥ / 円 16.7% 4 Sterling GBP £ 12.9% 5 Renminbi CNY ¥ / 元 4 7.0%
It's not just Russia and China. India also Rupee trade settlement extended nations to 18. Argentina and Brazil also join de-dollarization. Even ASEAN countries decided not to settle in USD.
@Max Headroom they are having trouble fulfilling their recruiting goals. They are going to have to raise the debt ceiling to pay salaries, medical, etc. Not the WAR budget though.High interest rates mean DEBT interest costs more. They took in less than they spent last year. That kind of fiscal management combined with sanctions that apparently are broken even by themselves, does not paint an image of power. More like Ukrainian corruption.
Not in immediate threat??😅😅 So many countries already used their own currency for international trades (currency swap) and no more USD needed. The point is Not the Yuan as global currency reserve But the many currencies replacing USD all at once
what countries are that and how much trade volume of that countries compare to the countries who use dollar? chinese yuan is the most risky currency cause the value is not stable so u still need to wait 50 to 100 yrs more for yuan to reach atleast 15 percent usage
@bradley cooper bilateral deals. India has 18 countries, and counting China with the Middle East is starting using the Yuan, China with Brazil, and of course Russia. These are just a few on top of my head.
@@keirenle ok all that 2 percent of global trade volume not to mention india are dependent to US investments china is dependent to export to west so 50 more yrs maybe dont be stress out as you notice USD is still steady increasing even those countries are trading already its just means its not working
@@sna4797 dont worry dude US already controlled that , 1 bank is tied with crypto the other made a huge risk investment and people became scared so they withdraw money thats why it collapsed , but all is under control now stock market are surging already in US , dude US dollar reserve are steadily increasing its far from the propaganda u are watching thats all for the views sad to say
While the American economy is extremely diverse and strong, it certainly does contain huge unproductive components (entitlement programs, waste, fraud, abuse, wars etc) that are being subsidized by the USD service charge and weapons exports.
@Max Headroom The US Army lost to insurgents... all those Humvees blown up by roadside bombs.. should have informed you that our hype doesn't match the reality.
Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.
i agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.
Over the long term, there's been no better way to grow your wealth than investing in the stock market. The government has failed in its economic responsibilities
The West always laughed at China's development as it struggled to rise up. But recently, laughter has turned to frowning. Soon, frowning will turn to tears.
@@linkmeforfun china always laughed at India's development as it struggled to rise up. But recently, laughter has turned to frowning. Soon, frowning will turn to tears.
It's high time to eradicate USD. After all who is the US..?? Why should we be lenient to one country and currency..?? Let's have a common currency for international transactions. Not Yuan, Ruble. But an international currency. Let it be named as IC. International Currency.
America created the global financial system and credit and 80 percent of all invention in the world. Electricity, lights, nuclear power and weapons, uses and discovery oil, airplanes, computer chips, computer, cellular phone, internet, e-commerce, refrigeration, telephone Wallstreet, stock markets, electric vehicle, social media, credit cards, global currency etc.
It’s not going to be easy to replace the dollar, even here in China as a foreigner you cannot transact more than 500dollars per day even your own money
Russia and China can succeed, not by the virtue of their currencies or policies, but by the self-toppling of the dollar, which is also losing status due to abusive weaponization of the dollar, excess printing, excess federal spending, excess debt, along with the surprising success of superior new cryptocurrencies that replace the USD.
I think this guy is very wrong. China will take advantage of a good situation in spite of having a long term strategy. China got this far by being underestimated by people like you.
If Saudi Arabia drops the dollar or allow other currencies to purchase oil other than the dollar, many countries will significantly reduce the dollars in their reserves as it is no longer needed to purchase oil. NOPEC, price cap and the weaponization of the US dollar are among the reason why Saudi Arabia feel threatened and insecure about relying on the US dollar for future oil sales and OPEC will follow Saudi's lead to drop the dollar or diversify.
I remember travelling in Peru in 1990 when there was hyper inflation. The people of Peru wanted U.S. dollars, not their own currency which was losing up to 50% per day. My friend and I had U.S. and Canadian dollar traveller's cheques, so we were completely insulated from the inflation. It was then that I learned that there was more U.S. currency in circulation outside of the United States than inside. I have no idea what the ratio is now, but I'd bet it's comparable. Russia is nowhere near a peer to the U.S. economically (or in any other way), while China has caught up economically but is still not a peer. I know the U.S. is printing huge amounts of dollars, as well as borrowing huge amounts creating massive debt, however I would be surprised if any Chinese/Russian currency usurps the U.S. dollar any time soon. In 10 or 20 years maybe but my gut feeling is not any time soon.
Who on Earth is willing to trade dollars for Russian Rubles=$.01 or Chinese Yuan=$.14? Add up the BRICS combined currencies and you have a sum of $.62, that's sixty-two cents US. The US has the largest and greatest economy/markets on the planet, we consume over 2/3 of the worlds total consumptions.
It's not really about Russia and China per se. It's the problem of using the US Dollar. Even without Russia and China, countries have been trying Gold Dinar, African Eco, Sur, ASEAN AMU, crypto, etc.. The needs and intentions are already there. It's just a matter of time.
De-dollarization will be a vicious cycle as hyperinflation leads to higher rates that will further erode the greenback's power! Hyperinflation could lead to higher interest rates, which will weigh on asset prices! Hyperinflation hit its peak in 1923. A loaf of bread in 1922, Germany cost (163 Marks = 90.60 USD). In September 1923, it cost (1,500,000 Marks = 833,834.22 USS) and at the peak of German hyperinflation, a loaf of bread cost (200,000,000,000 Marks = 111,177,895,790.47 USD). Brazil, Russia, India, South Africa and especially CHINA'S led de-dollarization are playing with ECONOMIC FIRE!
Let's think about this from a different perspective: - If the USA remains the most advanced and credible in the country, - The USA is discinplined and doesn't print the money as they want, - The US never uses the dollar as a weapon to sanction coutries that don't go along with it. I think if all the three conditions are met, no matter what China and Russia (other countries as well) do, they won't succeed in dethroning the dollar.
@Max Headroom I don’t think projecting power is the solution. We can be much smarter and humble as well. Maybe learn few strategies for Chinese. They are the one getting acceptance from right and left while a lot countries are ditching US
People saying the dollar is going away don’t understand that the global currency throughout history is tied to naval power, see Spanish Empire, British Empire and American Empire.
The dollar is fine. It will lose a whole lot of value once the dedollarization is accelerating, however. America will not give up its top spot without a fight. The options are not pretty.
I can agree with the naval power. The problem is... We don't think past our noses. In the future, China can manufacturer boats faster and more efficiently. We just keep using our old ones.
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What I think will happen realistically is that the US dollar will still remain a dominant currency for global trade but it will no longer be the ONLY for such trades, there might be 3 currencies for global trades, the USD, Chinese Yuan and the newly announced BRICS currency (yet to be made or named as of this post). Also, it’s possible that all South American countries will merge their currencies into 1 and the same might happen with African countries. Either way, I live in Canada and inflation here is so out of control. A litre of regular gasoline is $1.60 CAD, a bag of 2kg oranges 🍊 are around $8, a pack of cigarettes are $17, an average burger 🍔 and fries at a normal take out restaurant is $15+, average rent for 2 bedroom apartment in Toronto is $2600/month, minimum wage is I think $16/hour (before tax reduction), 1 way bus 🚌 fare is around $3.25. Current mortgage interest rate is around 5%
Yuan isn't gaining much traction. Still only 2-3% reserve currency worldwide and until the CCP stops controls of the Yuan and much manipulation it isn't going to be anyones first choice. The CCP just isn't ready to lose that kind of control. Look at Russia, they were actually denied the ability to exchange some Yuans so they too are finding out the hard way.
😂 😢 America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question... Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government) China 1949 to early 1960s Albania 1949-53 East Germany 1950s Iran 1953 * Guatemala 1954 * Costa Rica mid-1950s Syria 1956-7 Egypt 1957 Indonesia 1957-8 British Guiana 1953-64 * Iraq 1963 * North Vietnam 1945-73 Cambodia 1955-70 * Laos 1958 *, 1959 *, 1960 * Ecuador 1960-63 * Congo 1960 * France 1965 Brazil 1962-64 * Dominican Republic 1963 * Cuba 1959 to present Bolivia 1964 * Indonesia 1965 * Ghana 1966 * Chile 1964-73 * Greece 1967 * Costa Rica 1970-71 Bolivia 1971 * Australia 1973-75 * Angola 1975, 1980s Zaire 1975 Portugal 1974-76 * Jamaica 1976-80 * Seychelles 1979-81 Chad 1981-82 * Grenada 1983 * South Yemen 1982-84 Suriname 1982-84 Fiji 1987 * Libya 1980s Nicaragua 1981-90 * Panama 1989 * Bulgaria 1990 * Albania 1991 * Iraq 1991 Afghanistan 1980s * Somalia 1993 Yugoslavia 1999-2000 * Ecuador 2000 * Afghanistan 2001 * Venezuela 2002 * Iraq 2003 * Haiti 2004 * Somalia 2007 to present Honduras 2009 * Libya 2011 * Syria 2012 Ukraine 2014 * 2014 - 2022 - 6 countries yet to verify. Pakistan 2022 * Haiti 2022 *
@Ian the Siow. Pakistan in 2022? Haiti in 2022? Are you are serious? Pakistan is a nuclear power and the governmental change was an internal 'No confidence vote'. Haiti is a failed state w/ lawless gangs killing people indiscriminately. You weaken you argument when you assign blame to the U.S. for everything which goes 'bad' internationally; the U.S. is a powerful country but you exaggerated our reach and influence.
For those who don’t get it, the US doesn’t meddle in other countries’ affairs to spread ‘freedom and democracy’. They meddle because of their own corporate interests, to make sure no economy can outpace the US, to make sure no one can challenge the dollar.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Personally, I'd advise finding a mentor. I'm not sure where you can find one with experience, but it seems like a solid bet if you have little market expertise.
Russia and China produces most of the consumer goods and raw materials for the entire world. They are the real economies and not the makeup financial economies of USA, so Russia China and BRICs have the very best chance of improving the world.
The discussion presented here focuses on the Yuan dethroning USD as the reserve currency. But the real threat is not so much the Yuan, but the BRICS countries trading in each other’s currencies. In the last 6 months, a dozen countries including Saudi have submitted applications to join BRICS. Meanwhile, countries worldwide are shedding their US treasury bonds and massively increasing their gold holdings. In the next couple of years, dominance of the USD would significantly decline, although not yet replaced. As more and more USD returns to America, it will further aggravate its inflation problem, driving its economy into dangerous territory.
The question is that in order to return the dollar back, they need to buy them back or offer products. Which they don't have. As in other things, I suspect there are no precious metals either. I think that cash will be canceled in the USA in order to put inflation on the shoulders of dollar holders and all the risks associated with a default.
Russia: we gonna trade in Yuan. The West experts: nothing to worry here. BRICS: we gonna trade in Yuan. The West experts: nothing to worry here All African nations trade in Yuan. The West😢: let’s close our eyes, everything is unchanged. The EU start trading in Yuan. The West: no!
LOL.Very funny stuff. The people least prepared for the fall of the dollar is the American people. We don't know how our lives and expectations will change, and as you say it's so painful, we don't want to know. lol
People keep thinking that the heavy credit based dollar is better. It is not, if the credit is used for investment, yes. But if the credit is used for mortgage. It’s a bad asset. It’s more important to look at how much of the dollar is being used in investment that generates more goods and services.
Some of you need to understand that at some point in the world the British pound was one time a global reserve currency but today is not longer so. The USD will fall one day because it is used as a gun. Secondly if nations come together and agree to trade with a particular currency, it will happen and they will certainly put in parameters to secure their trades. So don't you ever say never. It just need 10 nations to agree and the rest will join it everything is working fine
US has abused its power, has had its time as an Empire, is a warmongering nation. They BRICS trade organisation is growing and will TRADE with one another. The West EU/ America can have wars between themselves.
This is a one-sided view. We want real news. Russians economy is doing great. The sanctions did not work. Russian and Chinese Bank are not failing. They are good for each other.😊
china and russia are saying that for the past 20 yrs and dollar are now increasing steadily so maybe 100 yrs more yuan can reach 15 percent global trade currency
@@bradleycooper9437 you missed my point, I never said China or Russia is driving de-dollarizarion. I talked about bankruptcy of dollar being caused by itself, which is coming from:1. Weaponizing of dollar, which makes countries like Saudi worry about their dollar holdings. 2. Absurd amount of printing dollars, with 30+ trillion govt debt and ever increasing of the liquidity to bail out banks. Dollar only goes bankruptcy because of what the US does, US can always reverse this trend, but it’s too addicted to using dollar to solve its problems. Therefore the conclusion:”first slowly, then suddenly”. It almost has nothing to do with China or Russia, it’s not like they can push Yuan if dollar remains convenient to use and trustworthy. Just like if US loses its hegemony it’s not because other countries invaded it, US is losing its hegemony because we borrowed into our future to consume now.
@Max Headroom We should be proud of the American troops. As any country should be for their service men and women. However, more military power doesn’t necessarily translate into better lives for Americans. Actually, if the defense budget starts to dwarf the profits from, say maintaining world order, leading democratic changes in other countries and championing world trade, then the military expense becomes a taxing burden on American living standards instead of contributing to it. We have to ask ourselves a serious question: is maintaining the hegemonic position actually doing any good for the bottom 60% Americans, who have been having stagnant real income for the last 30 years? Because if the answer is no, then no matter how good we are with warfares, it’s going to only make our lives here more difficult, and eventually the downward spiral will doom the dollar’s reserve currency status. We still have time to turn this around, but the window is closing.
@@typicalKAMBlover21 dude US losing its hegemony to whom ? yuan is way far to threat dollar they need to reform its whole financial system , RMB is peg to dollar so when USD declines so RMB does those countries trading with own currency will are like a cost of candy in global trade , West still has the most purchasing power and all countries will still trade with dollars , not to mention Yuan are not a stable and over valued currency so investors will not take a risk to take yuan with china history of questionable and not transparent financial info i highly doubt it dude 50 yrs maybe they can do it
@@bradleycooper9437 US is already losing its hegemony by not being able to limit another local hegemony’s rise, or the one and only peer competitor: China. Yes by dollar GDP China is still 70-80% of US but by PPP China surpassed US in 2014. By the indicators Ray Dalio uses (search for his video on changing world order) the cross over is happening in 2026. China has already become the biggest trade partner of 140 of 196 countries. The global south countries are moving away from US sphere of influence to BRICS+. The petro dollar is losing is anchoring of petro due to the Saudi starting to accept Chinese Yuan and Indian Rupee and all kinds of currency for oil trading. I agree with you it will take at least decades for US to completely lose its position but the world is turning multipolar. The unipolar moment is already gone, that ship has already sailed. It’s going to be a dangerous world ahead of us because multipolar means wars.
"This is a story of Russia's weakness..." says a goofy European. When Russia was trading in USD, it was good and Russia was strong but switching over to Yuan makes Russia weak. Ok Withstanding 1000s of sanctions is not strength to you and the fact that Europe cannot do without Russian energy, even till now, is strength to Europe and weakness to Russia. And the fact that Russia has forced Europe to in Rubbles is still not a strength for Russia. You guys are lost
I don't think so, but over time it could be that the geopolitical turn of Russia as a supplier of energy and raw materials to the eastern economies could create a "monetary block " where the yuan could become more prevalent, but other geo-economic turns need to happen too, like how Japan, Korea and India would accommodate themselves to such reality.
@Santiago ---- Not gonna happen in the next 50 years. Russia has no choice but to accept Yuan and of course China needs to import the oil. That part makes sense. However the Yuan is not a market based currency. You can't freely trade Yuan like you can Dollars, Pounds, Euros, Yen etc. China does not allow their own citizens to invest in other currencies. When they've done so they have had massive capital flight. Chinese investors are locked into their own stock market. Without easy convertibility, no investor will touch Yuan as a reserve currency. If you think India would consider using the Yuan, that is a total fantasy. The Indians want to create manufacturing jobs that are currently being done in China, they are clear rivals. A short time ago China and India had a military skirmishes on the Indian northern border. They dislike each other intensely. Forget that one. Japan and Korea already have freely convertible currencies with zero need to change what they're doing. Forget them too. So in summary, that leaves no one except the Russians who trashed their own currency and economy. And were banned from using euro and the dollar. On bilateral trade they are forced to accept Yuan.
I am looking forward to all countries retaining their own culture and being able to trade freely in a global market, many forms of trade are possible w/o monetary exchange... education exchanges amid all nations that are interested in participating. No more "this is the way" mentality. There are many ways. PEACE ❣️
Yes after all everyone is safe, not fighting endless wars, their country in good state of economy, not defending people endlessly saying they should learn how to be peaceful while their attackers literally send waves of attacks, their country being sanctioned to no end, their people attempting to flee the place, no place giving them refugee status, even western nations give them no care, no country to have as their own. Their families scattered in more countries than they know, and their suffering with end in sight. The refuge seeking life like nomads is something we are biologically programmed to do like sheep's that graze all day we can't seem to find a better thing to do. But yeah why are we still doing this to ourselves is something absurd, some people tell us why can we be kind and not fight around when our land is the one where the fighting goes along. We seem to be inviting many people inside and trying to fight everyday and even attacking our own people because we are not educated as in the west. Some people say we have a liking to go and do some hiking in the west because it is so hot in our country. And that we go as refugees because we just like more money and love being called from western land. Our place is very not photo genic and we also live taking pictures too much and picnic would fix any illness of our own. They say we need to learn how to be more peaceful because it is something we have an issue understanding because like small boys all we know is to fight around and be mischievous. Our suffering is not a good enough lesson others might even go to say. A few piano lessons is a good medicine others wish for us to do more. In the end we are our own problem as being stubborn is only thing we do right all day long. If someone just said peace with ❤ after it out loud we would have been saved of all the trouble we went through. But you know it's not bad that some still are around, we can happily live in company of the ones that are still around.
@@bambooboobamb3335 Yes, we can go back to pre-WW2 conditions. Oh wait, pre-WW2 was even worse. A time when the seas were dangerous, countries constantly attacked eachother for resources, globalization was a dream, and everyone works separate for regional supremacy. That time? You seem to have a warped idea of what human history looks like. You also do not seem to understand we have lived in the most peaceful time in history for decades. Try looking up what the world was like before the world order was established. It may surprise you, but not me, humans have very short memories.
Do you really think that Germany wants to be deindustrialised? Do you think that the world is going to tolerate the dollar being printed 24/7 and devaluing their currency and causing high inflation? The pollution your eternal warmongering causes and nuclear proliferation that you have now escalated.?
It probably will happen, but not any time soon, or not soon enough to be considered significant in terms of present time discourse. Here are the hard facts: The US is China's largest single-country trading partner. South Korea, Japan and Taiwan are in second, third and fourth place, respectively. When regions are considered, ASEAN (because of the countries already mentioned) is China's number one trading partner, seconded by the EU, then the US in third place. In other words, China's most important trade is carried out with the US and countries that are close allies of the US. This means China may resort to local currencies in bi-lateral trade with some countries on the periphery of its trade portfolio, but the realities of its trade relations mean it needs to use the US dollar most of the time. The most important countries (besides Russia) with which China has bi-lateral agreements based on local currencies are Saudi Arabia, Turkey, and India; other interested parties (reportedly) are Egypt, Brazil, the UAE, and a few others. Yet all these countries also have important trade or security relations with the US, which means for them too, ditching the dollar completely is out of the question.
You have listed the current situation, so the real key to solving the problem is North Korea. As long as China solves the North Korean problem and establishes a China-Japan-Korea free trade zone, CJK+ASIAN, The entire eastern part of Asia will form a unified economic interest body.
Now remove USA from equation and problem solved. USA is not entire world and Eastern countries can depend on each other to grow and trade. Their mistake so far was believing in some idealistic western version of democracy. Now that they realized its a empty candy store they are gonna move on.
Your acting like they don’t have their own technologies and food capablities you will see the fall of this Country very quickly if the world decides to stand up for itself and not do nothing with the US because they don’t depend on us we depend on them.
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
@@darnellcapriccioso Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
@@maiadazz My Financial adviser is Laurel Dell Sroufe, she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Christine Jane Mclean, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.
@@EllenAbrex How can i reach her, because I’m seeking for a more effective investment approach on my saving.
@@DavidRiggs-dc7jk Christine Jane Mclean maintains an online presence that can be easily found through a simple search of her name on the internet.
@@EllenAbrex After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
Weaponizing the dollar was a massive mistake that caused so much suffering for poor innocent people that were under the US government sanctions, some people couldn't even buy medication, so alternative currency is vital for the peace and security of the world. India, China, Brazil, Russia, and many other big nations should use their own currencies.
How… their currency’s are awful and the markets hate them as the state doesn’t allow them to be free flowing.
@@raquetdude maybe in west they dislike those currencies but not in developing nations😅
@Will the west has become a toothless tiger with no claws. Multi polar world is here for the betterment of humanity.
@@raquetdudehmm maybe west don't like it because they can't bully anyone anymore, the rest of developing countries like being less dependent though
@@raquetdudethey dislike the $ much more than each other, the reason is constant sanctions imposed😅
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
@lloydbernard5847 Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Reason I work with ‘’KAITLIN ROSE STERNBERG’’ a brokerage-advsor who sets asset allocation that fits my tolerance and r!sk capacity, investment horizon, present and future goals.
@Lloyd Bernard It's important you remember that there are good and bad days. It's a zero-sum game, but always remember this advice: Spend carefully, invest intelligently, and diversify your holdings so that when one performs poorly, the others will. You can do this by hiring a knowledgeable specialist whose platform offers a variety of investment options. You leave little space for regrets by doing this, and you might even gain more.
@@Curbalnk Reason I work with ‘’KAITLIN ROSE STERNBERG’’ a brokerage-advsor who sets asset allocation that fits my tolerance and r!sk capacity, investmnt horizon, present and future goals. , I diversified my 77K portfolio across multiple market with her aid & I have been able to generate over 433k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@Curbalnk I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
@@louisairvin3052 heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up…
What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $ 350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?
All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous rip-ple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the sto-ck market and my businesses. I keep only what I need to spend in my checking account.
Iron-ically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Vola-tility goes both ways. The banks are in a big crisis. The ma=rket looks very shaky. The bigger the red candles, the bigger the green ones. I have made over 280k in the last 4 months by invest=ing through my FA.
Mind if I ask you to recommend how to reach this particular FA you using their service? Seems you've figured it all out unlike the rest of us.
There are many you could potentially find online. I personally work with 'Deborah sue Bohn'' , and she's been spectacular. But there are also many others you could check out yourself.
Found her webpage, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
It's the West's decision to block Russia to use Dollar & Euro Dollar rather, that leaves Russia no choice but to use Yuan instead. However, Russia opens up the Pandora's box, Brazil, Saudi Arabia, India follow suit. It will damage Dollar hegemony eventually.
nahhh .. maybe 100 yrs more for yuan to be atleat 10 to 15 percent used world wide
There is no such thing as "Euro Dollar". Get your facts straight.
@Max Headroom they have hypersonic, us still need to create it
@Max Headroom It is only powerful when fighting stateless entities or fighting against countries severely weakened by years of sanctions and constant harassments / undermining by not only the USA but including USA allies forced to participate behind the scenes
@@bradleycooper9437 colonial copium at an all time high huh
Not just Russia and China, the whole world is moving away from using the dollar. Many are moving to regional direct settlement or bilateral settlement. So the dollar will see smaller and smaller usage, hence the value will drop.
As all those dollars bought by foreign countries to trade make their way back to the US as they are no longer required, hyperinflation will set in at crazy levels never seen before. Imagine paying $100 for a loaf of bread 🤯
Nah the only currency that matters are dollars and euros. Everywhere else in the world has f all to sell. Get over it!
Countries may be dumping US treasuries as we speak... if US dollars flows back to the US, im afraid we will see hyperinflation in the US. Is the Fed controlling inflation currently?🤔
us already have inflation problem, can keep dreaming no problem, but does't mean it's not there, we have enough with us dollar bullshit
@@jakel8627 Everywhere else in the world has f all to sell? wow !
Listening to the guy from UK talk , you can see the hate for Russia in his eyes . I think the media need to start having guest who can genuinely comment without sentiments
@EdisonCarterWasHereif the US military is soo powerful why did they leave Afghanistan with their tail between their legs...🤷♂️😂
@EdisonCarterWasHereGod bless you fat Americans. Inflation making it hard to eat 😢
@Max Headroom «How powerful is the US military compared to other nations?
Ridiculously powerful. Most people have no idea. There is no other nation that can project as much power across such long distances in so short a time.»
----
Russia is currently projecting his asynchronous power at even greater distances. And the cost of projecting it is much lower than the US's projection of its military.
Add to this that your "project as much power" is a too vague concept, and to realize that is is vague ask yourself simple questions such as "project what, for how long, to obtain what, at what cost, etc etc.?". And add to those the simple question how that after 20 years the consequences of the "victory" over Iraq are turning in a a long-term defeat. Your is simplistic, cartoon-like. If those, that you talk about, were victories, nobody would question today the $'s role in the world.
Ok Mr Hocus-Pocus... Keep drinking the Kool-Aid
@@fasilkhan1854 are you afghani why are you so salty?
The only time that Al Jazeera does not trumpet Washington propaganda is when issues of Palestine are discussed.
Very true
😂
CGTN is a lot better, is pretty much the same style but without the western bias, I was very surprised to find criticism of China in chinese media, I just com back to Al Jazeera to laugh at westerners panicking because is the end of their age
It`s not just Russia and China,most countries around the world is just sick and tired and fed up with U.S. arrogance unilateral sanctions coexion and blackmailing tactics..enough is enough!😎
America created capitalism, global financial system and credit, stock markets, credit cards, AtM, electricity, lights, nuclear power and weapons, airplanes, computer chips, computer, internet, e-commerce, refrigeration, electric vehicle, cable TV, UA-cam, Google, Amazon, Microsoft, Apple, Tesla, Pfizer, brain and heart surgery, GPS, refrigeration, discovery oil and uses. Fiber optics, 80 of world invention.
Lol an average peron doesn't care about "sanctions" anywhere.
Well said and there pathetic wars !!
Unlimited printing of USD without even losing its value. Thats pure manipulation going on there
@@JamilKhan-hk1wl You just don't understand how basic economic system works. The united states is the biggest economy in the world and USD is world's reserve currency. This put the US government in a unique position to print USD as needed for its economy wihout loosing much value, as long as US economy continute to grow and people buy USD as reserve currency. If you want to take away the United State's ability to print money, then grow your country's economy larger than the United States or try to convince the world to use your currency as reserve currency. Simple as that!
The frequent use of dollars and swift financial transfer system as a political tool by USA and it's friends is making many countries for searching for alternative currencies and financial transfer system.
The world is fed up of the I S A. Dollar is doomed. Way faster than expected. Bye bye U S D. The world is finally free without the U S D
and printing money so property speculators could get rich.....
Yes, a weaponization a major detriment, one of many. Most have not realized the the dollar is also being knocked down, not only by overprinting and overspending, but also by new cryptocurrencies that tend replace, thus destroy the dollar.
@I Love The Way U lie once upon a time british ruled large parts of the world, now they are nowhere to be found, this hegonomy, arrogance that nothing can shake us goes before the fall.
@@blardymunggas6884 don't worry World War 3 will come soon enough because of all these choices.
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues.. well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60. I need suggestions on what investments to make..
I'll suggest you find a mentor or someone with experience guide you especially in this recession.
@Mark Lofgren I just started few months back, my grandson helps me but I'm going for long term, I'm still trying to figure it out honestly.. Which advisor do you work with?
@Mark Lofgren I'm new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I'ld really love to put it to good use seeing how inflation is at an all time high, who is the coach that guides you, mind I look him/her up?
@Mark Lofgren Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume
thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply
The end of a currencies monopoly dominance is underway. The dawn of a new age.
@EdisonCarterWasHereGod bless you fat Americans. Inflation making it hard to eat 😢
@@ziedyacoub8488 The end of sanctioning countries just because they don't follow their ideologies or wont integrate their cultures into their societies.
@Max Headroom Pride always comes before a fall. When the bullied stand up against the bully, the bully always falls.
GOODBYE UNCLE SAM 😂
You just make a conclusion by watching the youtube video?🤣
Good bye America UA-cam, Google, Amazon, Microsoft, Apple, cellular phone, internet, e-commerce, refrigeration, electricity, airplanes, computer, computer chips, software, fiber, optics, GPS, movies, music recordings, brain and heart surgery, global banking and financial system, Wallstreet, credit card, etc 🤣🇺🇲
Anyone in their mid thirties were just being born when the Soviet Union collapsed, Boris.
The world 🌎 is moving away from one currency and one system
You seems to be the only one who has understood. Moving away from the dollar doesn't mean choosing the yuan.
China and India others copied America
@@kamichaels7941 we do not expect everybody using yuan. you miss the point caused by mentality
We are going back to seashells and rocks for currency here.😊
The reason why these countries are ditching the USD - they don't want to become another Ukraine. Can you blame them?
Dethroning the dollar? No, Russia and China just provide another option for trade.
Yes, the U.S. deserves credit for toppling its own dollar, plus cryptocurrencies have an ultimate impact much greater than other fiat currencies.
Problem is no one's interested. Russia's currency is DOA and China maintains closed capital on theirs. Dollar was spreading like confetti when the USSR kept their currencies sovereign. No one's going to trust an unknown currency. The dollar AND the euro won't be dethroned between now and the end of mankind. Now cope.
@@invisiblesun6595 if that's the case, then US has nothing to worry about, oh wait.
IMF is Partial...IMF.. and UN have lost confidence
IMF is not partial ..it is a tool of the US empire.
This has been a constant state since their inception. Most people don’t even understand them.
I especially liked the part where the Ukrainian guy said the IMF helped them out because they have powerful friends who care about them.
Much respect to Russian Federation from Slovak Republic!
🇸🇰💪🇷🇺 We want BRICS! 🇸🇰💪🇷🇺
China and Russia are not out to dethrone the USD.
China and Russia are creating something new.
Sooner or later , a lot of countries would not want to be held hostage by the USD and the kowtow needed.
Alternatives are always good.
In the new order create by China and Russia…..all countries are equal.
No one need to kowtow.
Incorrect, it's nothing new. America Created everything the world enjoys including UA-cam, Google,internet, e-commerce, electricity, nuclear, telephone, cellular phone etc
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $589k in months. You have to seek for help in the right places.
I think it's not always about fear. Sometimes realistic factors discourage people from reaching their goals in life. For example, I have tried to invest in the stock market several times, but have always been put off by fluctuations in the value of shares.
@@Aziz__0 Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $1Million in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
@MargaretNICOLE DESIREE SIMON is her name. I initially came across her on a CNBC report then on an investment newsletter and at once searched her on the internet, best decision I've made to stay afloat these crazy times. She has been exemplary.
Wow bot conversations are on another level now
This is a robotic comment LOL
People are genuinely debating it
The value of RMB is still tied to US$ and China does not allow RMB to be freely exchanged. US$ is depreciating quickly, so is RMB. What we really need is a currency that is based on gold and silver, which cannot be printed easily.
Economy used to be based on the work of our forefathers, gold digged out from the ground, seeds in the fields etc. When US took the dollar of the gold standard, they created an economy based on the dreams of future work by our children = giving a horrible debt burden to children all around the world. People all around the world now say : No !
The whole point is a new system other than SWIFT.
@shaanz then it can demand payments from usa in yuan
Saudi just did it's oil trade in Chinese yuan
Gold based currency and 100% reserve banking system are the solutions for depreciating currencies.
The fast answer is "No". Dollar hegemony may decrease but no chance China/Russia replaces it. Especially Russia.
It took decades for dollars to be dominant. It will take at least a decade for it to stop being dominant. In addition, China has no intention of yuan to be world reserve currency: it just wants to reduce possible sanction risks as well as convinence in trade between non-west countries. Yuan won't replace dollar anytime soon, but regarding dethroning dollar, there is a saying: "Die with a thousand cuts."
Vaccine at the "speed of science". I will not be surprised at the emergence of a working alternative by 2025.
i agree
The beginning of the end has already begun for the US Dollar. Inflation is not going away, and will tend to get worse rather than better, as hyperinflation and destruction of the dollar are in the bag.
It will happen very quickly, this isn't the 1800s, the British Pound, and the Dutch Gilders both died off, US Dollar is no different
you have not heard about the new BRICS currency 😂
America strives for hegemony, China & Russia strives for common prosperity
This is the difference
Not exactly, Russia and China are both on strong nationalist of policy of hegemony at the moment. They simply lack the status and resources to achieve it.
The $ is doomed and they all. Know it but can't acknowledge it.😢😢
True. The dollar is doomed for many reason, the most overlooked reason being cryptocurrencies, which tend to ultimately defeat, replace and destroy old-fashioned fiat currencies.
@EdisonCarterWasHereGod bless you fat Americans. Inflation making it hard to eat 😢
The most traded currencies daily from April 2022, the Sterling, Yen and Euro would have a better shot at replacing the $ dollar than the Yuan. And it's back up since then. The Canadian and Australian dollar were just behind the Yuan. Just think about those things, that even with all of the exports out of China globally and this is where it is. Of which will likely steadily decline in the years to come. The reality is that whether anyone likes it or not, the Chinese rise economically needed the West as a market. There is no replacement.
Also as of right now, the AUD, CAD and Swiss Franc now are being traded more than the Yuan.
1 U.S. dollar USD $ 88.5%
2 Euro EUR € 30.5%
3 Japanese yen JPY ¥ / 円 16.7%
4 Sterling GBP £ 12.9%
5 Renminbi CNY ¥ / 元 4 7.0%
Welcome to the world of free trade and hard competition, America.
It's not just Russia and China. India also Rupee trade settlement extended nations to 18. Argentina and Brazil also join de-dollarization. Even ASEAN countries decided not to settle in USD.
You have the correct name
These countries are nothing compared to America
@@UncleTonyshotsauce on what metric?
aljazeera hates india
LMAO Ruppee as global currency. World is not Bombay or Bangalore .
What goes up must come down
Russians and China are still trading in dollars lol
@Max Headroom they are having trouble fulfilling their recruiting goals. They are going to have to raise the debt ceiling to pay salaries, medical, etc. Not the WAR budget though.High interest rates mean DEBT interest costs more. They took in less than they spent last year. That kind of fiscal management combined with sanctions that apparently are broken even by themselves, does not paint an image of power. More like Ukrainian corruption.
Let's go BRICS It's time for the oppressed of the empire to call the shots in the global game
The invited guest Max from London was speaking out of emotions he is angry at the Russians🤣
He couldn’t say a thing
Not in immediate threat??😅😅 So many countries already used their own currency for international trades (currency swap) and no more USD needed. The point is Not the Yuan as global currency reserve But the many currencies replacing USD all at once
what countries are that and how much trade volume of that countries compare to the countries who use dollar? chinese yuan is the most risky currency cause the value is not stable so u still need to wait 50 to 100 yrs more for yuan to reach atleast 15 percent usage
@bradley cooper bilateral deals. India has 18 countries, and counting China with the Middle East is starting using the Yuan, China with Brazil, and of course Russia. These are just a few on top of my head.
@@keirenle ok all that 2 percent of global trade volume not to mention india are dependent to US investments china is dependent to export to west so 50 more yrs maybe dont be stress out as you notice USD is still steady increasing even those countries are trading already its just means its not working
@@bradleycooper9437 than why banks going down in u. S???
@@sna4797 dont worry dude US already controlled that , 1 bank is tied with crypto the other made a huge risk investment and people became scared so they withdraw money thats why it collapsed , but all is under control now stock market are surging already in US , dude US dollar reserve are steadily increasing its far from the propaganda u are watching thats all for the views sad to say
American source of income is nothing but the Service Charge for Dollar deals and Weapons export... give it a thought
@pm and China has hypersonics nukez, u. S still need to build them
it seems you antidollar retards have no idea of how math and the world works , Western tech led by America is what powers the modern world
While the American economy is extremely diverse and strong, it certainly does contain huge unproductive components (entitlement programs, waste, fraud, abuse, wars etc) that are being subsidized by the USD service charge and weapons exports.
@Max Headroom The US Army lost to insurgents... all those Humvees blown up by roadside bombs.. should have informed you that our hype doesn't match the reality.
@Max Headroom nukes make your argument completely null and void, hence why the west could attack Iraq and Libya, but not China and Russia
It's not only Russia China BUT South America like Brazil Argentina Chile Peru Panama India South Africa Central Asian countries Iran ,
Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.
i agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.
How can I get across to her?
i've come across her on a news broadcast
©Fxbrusher "
Over the long term, there's been no better way to grow your wealth than investing in the stock market. The government has failed in its economic responsibilities
Interview didn’t focus on petro-yuan. India Brazil SA Venezuela Iran using yuan already. Downplaying the significance is laughable 😂
The West always laughed at China's development as it struggled to rise up. But recently, laughter has turned to frowning. Soon, frowning will turn to tears.
India prefer to use dinar than yuan (but same logic)
@@linkmeforfun china always laughed at India's development as it struggled to rise up. But recently, laughter has turned to frowning. Soon, frowning will turn to tears.
he really ignore it
@@Whataboutism-o8j i don't see China laughing at India
This is not all about Russia and China all domestic currencies will gain value
And develop their infrastructure instead of being trapped in a viscous cycle of paying eternal interest to US
Preaching the incumbent message whilst not seeing the obvious.
It's high time to eradicate USD. After all who is the US..?? Why should we be lenient to one country and currency..?? Let's have a common currency for international transactions. Not Yuan, Ruble. But an international currency. Let it be named as IC. International Currency.
👍
That stupid
America created the global financial system and credit and 80 percent of all invention in the world. Electricity, lights, nuclear power and weapons, uses and discovery oil, airplanes, computer chips, computer, cellular phone, internet, e-commerce, refrigeration, telephone Wallstreet, stock markets, electric vehicle, social media, credit cards, global currency etc.
Im guessing it should be a basket of currency for international trade. But locally, each country can use their own one
@@JamilKhan-hk1wl yes
Should not Russia not be punished for invading Ukraine,? What if it was Poland or Hungary?
That why the sanctions
It’s not going to be easy to replace the dollar, even here in China as a foreigner you cannot transact more than 500dollars per day even your own money
You just need to do what the locals do. Learn to beat the system LOL. Never stop Chinese for transferring a ton to go on vacations etc...
It is alternative for USD, not to replace USD. Since china still need USD stronger than Yuan to keep the manufacturing rolling in china soil.
Nice intro music, it's the rythm of luba people from the DR Congo.
Excellent report, the expert in the interview about de-dollarization was professional and fair-minded. Well done to team!
No they can't... (Russia and China) But India can
1. Less Choke point
2. Anti-Fragile foreign relation
3. Geopolitically advantageous
The moment US dollar crashes, US will be done for ever😅
Yes we want this
Not only usa darling to the world. It can lead to wars because there is no global currency to replace the dollar right now.
Sending love and hugs from America 🇺🇸
The dollar is done!! This guy lives on a different planet!!
Russia and China can succeed, not by the virtue of their currencies or policies, but by the self-toppling of the dollar, which is also losing status due to abusive weaponization of the dollar, excess printing, excess federal spending, excess debt, along with the surprising success of superior new cryptocurrencies that replace the USD.
I don't trust crypto because they can ban crypto easily
China can't survive without America and NATO countries business and power
Ok CCP bot.
@Rick James better than being slaves of the degenerate west
Communist is an Evil Empire. They always shot themself in the foot. They were never good for humanity. Yes the truth hurts
I think this guy is very wrong. China will take advantage of a good situation in spite of having a long term strategy. China got this far by being underestimated by people like you.
The arrogance from the west is amazing!!!
@EdisonCarterWasHereGod bless you fat Americans. Inflation making it hard to eat 😢
Look at the globe, the US, the UK and Australia. Three advanced economies have the Planet covered.
@@petersinclair3997 wake up,all empire fall,and the west will fall as other empire.
africa puts camilla haris in place❤
If Saudi Arabia drops the dollar or allow other currencies to purchase oil other than the dollar, many countries will significantly reduce the dollars in their reserves as it is no longer needed to purchase oil. NOPEC, price cap and the weaponization of the US dollar are among the reason why Saudi Arabia feel threatened and insecure about relying on the US dollar for future oil sales and OPEC will follow Saudi's lead to drop the dollar or diversify.
Stupid idea of using Dollar, people of this planet wake up.
US didn't know what they had, they became too arrogant like previous empires.
America created everything you enjoy including UA-cam 🇺🇲🤣
This will be done gradually.
I remember travelling in Peru in 1990 when there was hyper inflation. The people of Peru wanted U.S. dollars, not their own currency which was losing up to 50% per day. My friend and I had U.S. and Canadian dollar traveller's cheques, so we were completely insulated from the inflation. It was then that I learned that there was more U.S. currency in circulation outside of the United States than inside. I have no idea what the ratio is now, but I'd bet it's comparable.
Russia is nowhere near a peer to the U.S. economically (or in any other way), while China has caught up economically but is still not a peer. I know the U.S. is printing huge amounts of dollars, as well as borrowing huge amounts creating massive debt, however I would be surprised if any Chinese/Russian currency usurps the U.S. dollar any time soon. In 10 or 20 years maybe but my gut feeling is not any time soon.
Who on Earth is willing to trade dollars for Russian Rubles=$.01 or Chinese Yuan=$.14? Add up the BRICS combined currencies and you have a sum of $.62, that's sixty-two cents US. The US has the largest and greatest economy/markets on the planet, we consume over 2/3 of the worlds total consumptions.
Expert from London made me smile. End of watching)
Every country is worrying US weaponise its USD. It's time to balance out reliance on USD.
No dollars no problems in the world
Problems will get worse 😂
Are u sure? Whether China and Russia like or not they gonna trade in dollars.
@@azamatkudaibergenov4482 no dollars no more wars look why they destroyed all mideleast Libya Iraq because they was going to destroy dollars
This talk is like year 2000 bug. Airplanes will crash, computer down, bank closed. Year 2k came, we are still here.😂
It's not really about Russia and China per se. It's the problem of using the US Dollar.
Even without Russia and China, countries have been trying Gold Dinar, African Eco, Sur, ASEAN AMU, crypto, etc.. The needs and intentions are already there. It's just a matter of time.
De-dollarization will be a vicious cycle as hyperinflation leads to higher rates that will further erode the greenback's power! Hyperinflation could lead to higher interest rates, which will weigh on asset prices!
Hyperinflation hit its peak in 1923. A loaf of bread in 1922, Germany cost (163 Marks = 90.60 USD). In September 1923, it cost (1,500,000 Marks = 833,834.22 USS) and at the peak of German hyperinflation, a loaf of bread cost (200,000,000,000 Marks = 111,177,895,790.47 USD).
Brazil, Russia, India, South Africa and especially CHINA'S led de-dollarization are playing with ECONOMIC FIRE!
Multi polar world ❤
Let's think about this from a different perspective:
- If the USA remains the most advanced and credible in the country,
- The USA is discinplined and doesn't print the money as they want,
- The US never uses the dollar as a weapon to sanction coutries that don't go along with it.
I think if all the three conditions are met, no matter what China and Russia (other countries as well) do, they won't succeed in dethroning the dollar.
The researcher was very defensive 😮
He is not a researcher but a propagandist
@Max Headroom bro war is the most unpredictable thing. See what happened in afghan
@Max Headroom I don’t think projecting power is the solution. We can be much smarter and humble as well. Maybe learn few strategies for Chinese. They are the one getting acceptance from right and left while a lot countries are ditching US
People saying the dollar is going away don’t understand that the global currency throughout history is tied to naval power, see Spanish Empire, British Empire and American Empire.
The dollar is fine. It will lose a whole lot of value once the dedollarization is accelerating, however. America will not give up its top spot without a fight. The options are not pretty.
I can agree with the naval power. The problem is... We don't think past our noses. In the future, China can manufacturer boats faster and more efficiently. We just keep using our old ones.
I don't any Spanish or British empire currently in the world.... What does that say? Lol
What's the alternative to USD? I just remember when EURO started it was the end of US dollar where is the Euro strength now?
@alexander mbijima there s no alternative, but the whole system is changing. Countries are doing deals using their own currencies ATM.
I am really dying of west hypocrisy 😮
@EdisonCarterWasHere well ,this all power was built on other nation's resources by mischievously enslaving people and snatching their rich!
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.
I have loss severally trying to trade on my own. Can someone tell me the best way to win instead of losing more?
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last two months in CNBC world news and decided to try him out...I'm Expecting my third cashout in 2days
Well, you are saying the fact. I invested $4,000 with fergus Waylen. and earned $12,000 in 7 working days.
If i have not experienced this I would say it's a lie but I've made withdrawals few days ago and that's one thing I find difficult and impossible with other brokers but manager fergus Waylen makes it possible.
Oh I remember him, Fergus Waylen, a brilliant market enthusiast with new strategies. I signed up on his platform some months back, it has been productive for me
What I think will happen realistically is that the US dollar will still remain a dominant currency for global trade but it will no longer be the ONLY for such trades, there might be 3 currencies for global trades, the USD, Chinese Yuan and the newly announced BRICS currency (yet to be made or named as of this post). Also, it’s possible that all South American countries will merge their currencies into 1 and the same might happen with African countries. Either way, I live in Canada and inflation here is so out of control. A litre of regular gasoline is $1.60 CAD, a bag of 2kg oranges 🍊 are around $8, a pack of cigarettes are $17, an average burger 🍔 and fries at a normal take out restaurant is $15+, average rent for 2 bedroom apartment in Toronto is $2600/month, minimum wage is I think $16/hour (before tax reduction), 1 way bus 🚌 fare is around $3.25. Current mortgage interest rate is around 5%
Yuan isn't gaining much traction. Still only 2-3% reserve currency worldwide and until the CCP stops controls of the Yuan and much manipulation it isn't going to be anyones first choice. The CCP just isn't ready to lose that kind of control. Look at Russia, they were actually denied the ability to exchange some Yuans so they too are finding out the hard way.
Dethrone? No. Not in the near decade.
To be used as an alternative? Yes.
God bless you fat Americans. Inflation making it hard to eat 😢
😂 😢 America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question...
Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government)
China 1949 to early 1960s
Albania 1949-53
East Germany 1950s
Iran 1953 *
Guatemala 1954 *
Costa Rica mid-1950s
Syria 1956-7
Egypt 1957
Indonesia 1957-8
British Guiana 1953-64 *
Iraq 1963 *
North Vietnam 1945-73
Cambodia 1955-70 *
Laos 1958 *, 1959 *, 1960 *
Ecuador 1960-63 *
Congo 1960 *
France 1965
Brazil 1962-64 *
Dominican Republic 1963 *
Cuba 1959 to present
Bolivia 1964 *
Indonesia 1965 *
Ghana 1966 *
Chile 1964-73 *
Greece 1967 *
Costa Rica 1970-71
Bolivia 1971 *
Australia 1973-75 *
Angola 1975, 1980s
Zaire 1975
Portugal 1974-76 *
Jamaica 1976-80 *
Seychelles 1979-81
Chad 1981-82 *
Grenada 1983 *
South Yemen 1982-84
Suriname 1982-84
Fiji 1987 *
Libya 1980s
Nicaragua 1981-90 *
Panama 1989 *
Bulgaria 1990 *
Albania 1991 *
Iraq 1991
Afghanistan 1980s *
Somalia 1993
Yugoslavia 1999-2000 *
Ecuador 2000 *
Afghanistan 2001 *
Venezuela 2002 *
Iraq 2003 *
Haiti 2004 *
Somalia 2007 to present
Honduras 2009 *
Libya 2011 *
Syria 2012
Ukraine 2014 *
2014 - 2022 - 6 countries yet to verify.
Pakistan 2022 *
Haiti 2022 *
@Ian the Siow. Pakistan in 2022? Haiti in 2022? Are you are serious? Pakistan is a nuclear power and the governmental change was an internal 'No confidence vote'. Haiti is a failed state w/ lawless gangs killing people indiscriminately. You weaken you argument when you assign blame to the U.S. for everything which goes 'bad' internationally; the U.S. is a powerful country but you exaggerated our reach and influence.
wonderful
That's a long record proving just how much the US loves and promotes democracy, lol. 😅
For those who don’t get it, the US doesn’t meddle in other countries’ affairs to spread ‘freedom and democracy’. They meddle because of their own corporate interests, to make sure no economy can outpace the US, to make sure no one can challenge the dollar.
@Max Headroom Vikings v3.0？
For how long are we going to fight ourselves(Humans)?
Dollar 💵 can never be defeated until Jesus returns.
Would love to have heard from Chinese economist to find out the long term plan. As an African this is pertinent
That british guy in this video is biggest dumbo i have ever seen
Nobody want Chinese currency
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Personally, I'd advise finding a mentor. I'm not sure where you can find one with experience, but it seems like a solid bet if you have little market expertise.
Countries do not want to be dependent on 1 dominant currency, and want to diversify.
You can do that, by adding Euro, GBP, Canadian and Australian Dollars, Swiss Francs, Japanese Yen, and SK Won.
Nobody wants a China based currency. Even their own businesses swap into dollar ASAP.
Russia and China produces most of the consumer goods and raw materials for the entire world. They are the real economies and not the makeup financial economies of USA, so Russia China and BRICs have the very best chance of improving the world.
The discussion presented here focuses on the Yuan dethroning USD as the reserve currency. But the real threat is not so much the Yuan, but the BRICS countries trading in each other’s currencies. In the last 6 months, a dozen countries including Saudi have submitted applications to join BRICS. Meanwhile, countries worldwide are shedding their US treasury bonds and massively increasing their gold holdings. In the next couple of years, dominance of the USD would significantly decline, although not yet replaced. As more and more USD returns to America, it will further aggravate its inflation problem, driving its economy into dangerous territory.
True. They will create more wars to dump the excess currency.
😅
The question is that in order to return the dollar back, they need to buy them back or offer products. Which they don't have. As in other things, I suspect there are no precious metals either.
I think that cash will be canceled in the USA in order to put inflation on the shoulders of dollar holders and all the risks associated with a default.
@@ФеликсДзержинский-ф2ш The U.S. still has a card up its sleeves then by dumping a terrible vunerability of debt on the rest of the world
@@the_expidition427 I honestly don't care. I live in Russia, we have everything. Any fruit from any continent and I can afford everything.
WITH BIDEN IN CHARGE I SAY "YES"
Russia: we gonna trade in Yuan.
The West experts: nothing to worry here.
BRICS: we gonna trade in Yuan.
The West experts: nothing to worry here
All African nations trade in Yuan.
The West😢: let’s close our eyes, everything is unchanged.
The EU start trading in Yuan.
The West: no!
LOL.Very funny stuff. The people least prepared for the fall of the dollar is the American people. We don't know how our lives and expectations will change, and as you say it's so painful, we don't want to know. lol
BRICS should have its own global banking system.
Not only Russia and China even in Africa we will move away from using dollars
That's a great group to be part of..
I’m moving to Africa
I’ll leave it to my great great great grand children witness Russian and China’s dolla rule the world. 😂😂
People keep thinking that the heavy credit based dollar is better. It is not, if the credit is used for investment, yes. But if the credit is used for mortgage. It’s a bad asset. It’s more important to look at how much of the dollar is being used in investment that generates more goods and services.
Exactly.
Some of you need to understand that at some point in the world the British pound was one time a global reserve currency but today is not longer so. The USD will fall one day because it is used as a gun.
Secondly if nations come together and agree to trade with a particular currency, it will happen and they will certainly put in parameters to secure their trades. So don't you ever say never. It just need 10 nations to agree and the rest will join it everything is working fine
US has abused its power, has had its time as an Empire, is a warmongering nation. They BRICS trade organisation is growing and will TRADE with one another. The West EU/ America can have wars between themselves.
The US always creates a winning method...
This is a one-sided view. We want real news. Russians economy is doing great. The sanctions did not work. Russian and Chinese Bank are not failing. They are good for each other.😊
When did dollar go bankrupt? Answer: first very slowly, then very suddenly.
china and russia are saying that for the past 20 yrs and dollar are now increasing steadily so maybe 100 yrs more yuan can reach 15 percent global trade currency
@@bradleycooper9437 you missed my point, I never said China or Russia is driving de-dollarizarion. I talked about bankruptcy of dollar being caused by itself, which is coming from:1. Weaponizing of dollar, which makes countries like Saudi worry about their dollar holdings. 2. Absurd amount of printing dollars, with 30+ trillion govt debt and ever increasing of the liquidity to bail out banks. Dollar only goes bankruptcy because of what the US does, US can always reverse this trend, but it’s too addicted to using dollar to solve its problems. Therefore the conclusion:”first slowly, then suddenly”. It almost has nothing to do with China or Russia, it’s not like they can push Yuan if dollar remains convenient to use and trustworthy. Just like if US loses its hegemony it’s not because other countries invaded it, US is losing its hegemony because we borrowed into our future to consume now.
@Max Headroom We should be proud of the American troops. As any country should be for their service men and women. However, more military power doesn’t necessarily translate into better lives for Americans. Actually, if the defense budget starts to dwarf the profits from, say maintaining world order, leading democratic changes in other countries and championing world trade, then the military expense becomes a taxing burden on American living standards instead of contributing to it. We have to ask ourselves a serious question: is maintaining the hegemonic position actually doing any good for the bottom 60% Americans, who have been having stagnant real income for the last 30 years? Because if the answer is no, then no matter how good we are with warfares, it’s going to only make our lives here more difficult, and eventually the downward spiral will doom the dollar’s reserve currency status. We still have time to turn this around, but the window is closing.
@@typicalKAMBlover21 dude US losing its hegemony to whom ? yuan is way far to threat dollar they need to reform its whole financial system , RMB is peg to dollar so when USD declines so RMB does those countries trading with own currency will are like a cost of candy in global trade , West still has the most purchasing power and all countries will still trade with dollars , not to mention Yuan are not a stable and over valued currency so investors will not take a risk to take yuan with china history of questionable and not transparent financial info i highly doubt it dude 50 yrs maybe they can do it
@@bradleycooper9437 US is already losing its hegemony by not being able to limit another local hegemony’s rise, or the one and only peer competitor: China. Yes by dollar GDP China is still 70-80% of US but by PPP China surpassed US in 2014. By the indicators Ray Dalio uses (search for his video on changing world order) the cross over is happening in 2026. China has already become the biggest trade partner of 140 of 196 countries. The global south countries are moving away from US sphere of influence to BRICS+. The petro dollar is losing is anchoring of petro due to the Saudi starting to accept Chinese Yuan and Indian Rupee and all kinds of currency for oil trading. I agree with you it will take at least decades for US to completely lose its position but the world is turning multipolar. The unipolar moment is already gone, that ship has already sailed. It’s going to be a dangerous world ahead of us because multipolar means wars.
"This is a story of Russia's weakness..." says a goofy European. When Russia was trading in USD, it was good and Russia was strong but switching over to Yuan makes Russia weak. Ok
Withstanding 1000s of sanctions is not strength to you and the fact that Europe cannot do without Russian energy, even till now, is strength to Europe and weakness to Russia.
And the fact that Russia has forced Europe to in Rubbles is still not a strength for Russia. You guys are lost
its a multipolar world. dont focus only on russia and china. its "multipolar"
Mr Hess is trying so hard to minimise the obvious emerging power of the BRICS, badly😅
I don't think so, but over time it could be that the geopolitical turn of Russia as a supplier of energy and raw materials to the eastern economies could create a "monetary block " where the yuan could become more prevalent, but other geo-economic turns need to happen too, like how Japan, Korea and India would accommodate themselves to such reality.
American printing.the whole world suffering. that's why American will fall in the end
Russia/Soviet Union have never been stable
@Santiago ---- Not gonna happen in the next 50 years. Russia has no choice but to accept Yuan and of course China needs to import the oil. That part makes sense. However the Yuan is not a market based currency. You can't freely trade Yuan like you can Dollars, Pounds, Euros, Yen etc. China does not allow their own citizens to invest in other currencies. When they've done so they have had massive capital flight. Chinese investors are locked into their own stock market. Without easy convertibility, no investor will touch Yuan as a reserve currency.
If you think India would consider using the Yuan, that is a total fantasy. The Indians want to create manufacturing jobs that are currently being done in China, they are clear rivals. A short time ago China and India had a military skirmishes on the Indian northern border. They dislike each other intensely. Forget that one.
Japan and Korea already have freely convertible currencies with zero need to change what they're doing. Forget them too. So in summary, that leaves no one except the Russians who trashed their own currency and economy. And were banned from using euro and the dollar. On bilateral trade they are forced to accept Yuan.
@@bruxi78230 well, you didn't get my point at all. You should re-read what I wrote.
@@itssanti ----- I read your post several times, perhaps you can summarize what your point is?
This is not the end of the US dollar but the beginning of the end. From this point the way ahead for the US dollar is only downhill.
I am looking forward to all countries retaining their own culture and being able to trade freely in a global market, many forms of trade are possible w/o monetary exchange... education exchanges amid all nations that are interested in participating. No more "this is the way" mentality. There are many ways. PEACE ❣️
Yes after all everyone is safe, not fighting endless wars, their country in good state of economy, not defending people endlessly saying they should learn how to be peaceful while their attackers literally send waves of attacks, their country being sanctioned to no end, their people attempting to flee the place, no place giving them refugee status, even western nations give them no care, no country to have as their own. Their families scattered in more countries than they know, and their suffering with end in sight. The refuge seeking life like nomads is something we are biologically programmed to do like sheep's that graze all day we can't seem to find a better thing to do.
But yeah why are we still doing this to ourselves is something absurd, some people tell us why can we be kind and not fight around when our land is the one where the fighting goes along. We seem to be inviting many people inside and trying to fight everyday and even attacking our own people because we are not educated as in the west.
Some people say we have a liking to go and do some hiking in the west because it is so hot in our country. And that we go as refugees because we just like more money and love being called from western land. Our place is very not photo genic and we also live taking pictures too much and picnic would fix any illness of our own.
They say we need to learn how to be more peaceful because it is something we have an issue understanding because like small boys all we know is to fight around and be mischievous. Our suffering is not a good enough lesson others might even go to say. A few piano lessons is a good medicine others wish for us to do more.
In the end we are our own problem as being stubborn is only thing we do right all day long.
If someone just said peace with ❤ after it out loud we would have been saved of all the trouble we went through.
But you know it's not bad that some still are around, we can happily live in company of the ones that are still around.
YES YES YES YES YES YES YES
@@bambooboobamb3335 Yes, we can go back to pre-WW2 conditions. Oh wait, pre-WW2 was even worse. A time when the seas were dangerous, countries constantly attacked eachother for resources, globalization was a dream, and everyone works separate for regional supremacy. That time? You seem to have a warped idea of what human history looks like. You also do not seem to understand we have lived in the most peaceful time in history for decades. Try looking up what the world was like before the world order was established. It may surprise you, but not me, humans have very short memories.
Which mad house did they find this hess guy, he speaks with his eyes closed, and he doesn't take a breath when he speaks, like an automaton.
Dollar still the favorite among those currencies,
23:22 Thats not Sri lanka. You don't find bicycle rickshaws in Sri Lanka.
So are you implying that U.S. Allies are very strategic to the value of the U.S. Dollar?
Do you really think that Germany wants to be deindustrialised? Do you think that the world is going to tolerate the dollar being printed 24/7 and devaluing their currency and causing high inflation? The pollution your eternal warmongering causes and nuclear proliferation that you have now escalated.?
It probably will happen, but not any time soon, or not soon enough to be considered significant in terms of present time discourse. Here are the hard facts: The US is China's largest single-country trading partner. South Korea, Japan and Taiwan are in second, third and fourth place, respectively. When regions are considered, ASEAN (because of the countries already mentioned) is China's number one trading partner, seconded by the EU, then the US in third place. In other words, China's most important trade is carried out with the US and countries that are close allies of the US. This means China may resort to local currencies in bi-lateral trade with some countries on the periphery of its trade portfolio, but the realities of its trade relations mean it needs to use the US dollar most of the time. The most important countries (besides Russia) with which China has bi-lateral agreements based on local currencies are Saudi Arabia, Turkey, and India; other interested parties (reportedly) are Egypt, Brazil, the UAE, and a few others. Yet all these countries also have important trade or security relations with the US, which means for them too, ditching the dollar completely is out of the question.
You have listed the current situation, so the real key to solving the problem is North Korea. As long as China solves the North Korean problem and establishes a China-Japan-Korea free trade zone, CJK+ASIAN, The entire eastern part of Asia will form a unified economic interest body.
Now remove USA from equation and problem solved. USA is not entire world and Eastern countries can depend on each other to grow and trade. Their mistake so far was believing in some idealistic western version of democracy. Now that they realized its a empty candy store they are gonna move on.
south Korea is a puppy.the North not
Your acting like they don’t have their own technologies and food capablities you will see the fall of this Country very quickly if the world decides to stand up for itself and not do nothing with the US because they don’t depend on us we depend on them.