Malaysia To Dump US Dollar? | China Backs “Asian Monetary Fund” | Vantage with Palki Sharma
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- Опубліковано 3 кві 2023
- Malaysia To Dump US Dollar? | China Backs “Asian Monetary Fund” | Vantage with Palki Sharma
The world continues to dump the dollar. Last week, it was Brazil. Now, it’s Malaysia. It has proposed the creation of “Asian Monetary Fund”. Will this be enough to break the dollar’s hegemony? Palki Sharma tells you more.
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Does the Yuan threaten the dominance of the US dollar?
Leave us a comment and let us know your thoughts.
The Chinese plans 30 to 50 years ahead. It will happen but when? It's a Chinese secret weapon.
I would add it’s not just RMB that will equalise the current state of affairs.
No, a large part of the world don't trust the Yuan. As an African, I stick with the USD. Chinese people are racist, they come to Africa and racially discriminate us on our own land
" Transfer of political power from Britain to India for 99 years only "- Treaty between Britain and India in 1947 so Indians want to be American slaves(Ghulam) again but Chinese people are independent and they love freedom. They don't want to be American slaves like Indians ....Corona Virus is known as American Virus because Trump Administration created and spread Corona Virus to insult China Worldwide and contain China.Chinese economy will never surpass US economy in future....
Still in the starting phase.
A long way to go!
The confiscation of Russian assets was the peak dollar moment.
It was a very foolish thing for US and allies to do.
yeah every country lost the trust on us dollar
weaponising the dollar was the biggest economic mistake by the US .
Nah, this is result of US destroying and bullying countries right and left, the world knows the west are violent warmongers, so this is a response. Because the world dont want to end up like Libya or Iraq who said they would buy in euro instead of dollar and look what happend to them months after.
Except that "confiscation" is not the right word. As for now the money have only been blocked access to.
Go Malaysia!
During 1998 financial crisis, we did not take d IMF poison pill. We implemented our own solutions. We still here today!
Why bother with IMF when we can borrow from Japan with 0.5% interest...
Malaysia has nothing to be proud of. In 1998 financial crisis, South Korea took IMF aids and now South Korea is a developed nation with GDP per capita much higher than Malaysia.
Thats Mahathir idea. Anwar still want borrow from imf
Yeah. Work with the Country who Spread Corvid around the world and halt countries economies around the world for 2-3 years with Asian fund. Malaysia New PM learn nothing of it or from Najib.
@Chin Hoe Wong China was the country with Zero Covid. USA said, Let it rip!
Tired of Wars, Sanctions, and Control. Countries are waking up to reality. It's about time.
As an American I'm disgusted that our politicians are constantly selling us a war that has nothing to do with defending Americans in America. I believe our Pentagon sees everyone as a threat, and has far more control over our politicians than anyone recognizes. Our politicians sell us war, and when we see that we've been lied to about WMD in Iraq, we allow our military to stay there, even after the Iraq leaders have asked us to leave.
just need a catalyst to start it and the wall comes tumbling like Humpty Dumpty
Dollar weaponized
Sanctions weaponized
Media weaponized
Swift weaponized
The world is fed up
Isn't it weird that countries are waking up instead of people
@@eyeofthepyramid2596 the country ARE its people. That means, the people are making the country to wake up.
De-dollarization is inevitable, and any other alternative currencies are needed. The tide of history is surely irreversible.
Thanks Joe Biden
@@tooltalk yep you are right..the neocons.
WOW VERY DANGEROUS SIR! !! 😠😠BUT THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
We will live in time of war no nato e largamente ir aukus
@@indiasuperclean6969 , 90% scammers here in USA are Indian. Even Indian owned stock market are scams
2:30 This is an important point in history. Japan had proposed an Asian IMF to assist fellow Asian nations in overcoming future financial crises, but the US vetoed the idea. This is a memory that senior Southeast Asian diplomats still recall vividly. Today, Malaysia is attempting to revive this proposal, and there may be no better time to do so.
Now can not no longer vetoe that.
Anything pushed by Japan means US pushing it from the back
Anwar Ibrahim 👍👍
That was US money not Japanese...
Yes, they opposed a Japanese based AMF, and so ended up with Chinese AMF 🤣
If smaller countries are following the Giants then you know USD is going down faster than we expected.
US was busy check mating India by providing nukes and missiles to Pakistan and backstabbing India with a friendly smile. While neglecting it's real enemies.
Absolutely CORRECT and true.
Absolutely
You nailed it 😎👍
USA will not go down. We the people will always overcome the obstacles as we always have.
Thank god for BRICS. I’m European and I’m praying that the world breaks free from the west.
Let’s be honest - it’s not the “west” it’s just America…..at least with the BRICS alliance there genuinely is negotiation to better one another.
@@bGzzzzz we have very mean people ruling our countries here in Europe and we are having a very difficult time trying to remove them from power. Also, the media here is in their control. They use the media to control the people’s minds. A lot of European citizens have no idea what’s going on.
@@bGzzzzzNah ... It's NATO and G7 at least
@@squidster3128 - NATO is America….G7 is America….there’s a reason why Trump proposed US to pull out if not well compensated 🤷♂️
all of europe is the west , south korea, japan, singapore , australia are western
Dollar is the root of all wars in last 100 years. The world need peace
America is the root cause of all wars in the past 50 years.
True
the USA is the root of all wars, the US$ is one of the many weapons that it uses
Agree...👍👍👍
What Iraq,Syria,plastine,Afghanistan people say...
The fall of the USD is happening must faster than expected. Of course the USA printing money, inflation, increased interest rates, and sanctioning other nations is contributing to this.
Agree. When you are old and weak, don't try to act tough. Accept the reality and try to enjoy your sunset days.
finally american could completely face and experience the inflation they caused,
stop exporting inflation
@@kenho-wr5ul2rh7m Yeah. Inflation in many smaller countries has been rough the past 2 years but nothing as crazy in the US.
The USD (and SWIFT) being used as weapon by the US was the deathblow. Nobody wants a viper in their bed that can bite you anytime it wants to if they can help it.
"the fall of USD" has been in the news for decades, but it never happened. the hype is alive again, but it is more of a spectacle now due to current circumstances. a few months/years into the future and USD-haters will realize how wrong they are.
Malaysia will use USD to trade with the US, euro to trade with EU, yuan with China, etc. Brilliant and wise.
Do you think the US Government favors it? They will use any means necessary to cripple the Malaysian Economy. The only thing is, Malaysia didn't matter that much to the United States like Japan or South Korea.
I am Malaysian and I don't know what my fellow citizen think of this, but the threats from the United States are damn scary and real!
😅全世界用人民币交易除了美国不可以😂，美国交易中国必须要用黄金和美国做生意因为美国不讲信用
@@iwansevana6284 what threat
If US threat with sanction on Malaysia one day we be screwed, we need to getting out before too late
The United States as we know it is no more. All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.
@Nick Fiduciary-counselors have access to private information and data channels that are not open to the general public. I earned more than $560k between the third and fourth quarters of 2022, following the advice of my fiduciary-counselor, "STACIE KRISTAL WEBER." I'm hoping for more.
@thelastunicorn1987 Stacie covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Each country must be trade & reserve with their own countries currencies.
Elementary school kid is captured
Grow up.
@SATANIC BHARANI 🤘 why bringing religion in discussion kido?
you are clueless. how would that work?
@@westonhemperley5289 Need to research
Every country should support their own currency
Hear hear!
Yeah! It's bilateral thing. Whether your currency is strong or not depends on how well you manage the financial, economic and the prosperity of the people. If your citizens is financially poor, your currency will have no international value.
Not every country can do it. Example who would trust Somalia's currency?
@@youcantalwaysgetwhatyouwan6687😂😢😅
Yes Asia need to be United
If indeed that happens no body to blame but us. Our greed and unplanned adventures within us causing all this bs.
who the f do you think you are? did you benefit from the dollars? do you own any stock abroad?
But it's good for the peace.
Amen, truth in your words,
I feel bad for you because you're not to be blamed.
Why do you care if other countries don’t use the dollar? 😂 so you can no longer benefit from it
I'm from Malaysia.. I think 🤔 it's just an alternative for the government not to be over dependent on the dollar.. since we're going to a multipolar world 🌎.😊
Yup.
One enlightening points I've seen here so far ........." we are Going to a multipolar world" 🤔
do you know china gold reserve is fake ?
That is what we needed fr, but the United States wouldn't allow it. They are scarily threatening. #EconomicSanctions #MilitaryPower
@@iwansevana6284 they will allow it, I see the USA going to a more industrialized policy and moving manufacturing back to the USA and neighbor countries.
Go for it Malaysia 💯🔥💥👌🏿💯🔥💥👌🏿👍🏿👌🏿💯🔥💥👍🏿👌🏿
🇲🇾 🇨🇳 👍
Good move Malaysia . IMF and world bank are scammers.
Idea is good but China should not dictate otherwise it would be failure.
@@ChinaSongsCollection trust China and your country will eat China hahaha
I like China, the goods are cheap
I'm Malaysian and Malaysia is not going to dump the dollar, only diversify its foreign exchange reserves to ensure that no country can weaponize their currency
they aren't dumping the dollar YET. This is just planting of the seed. In 20 years, the dollar will be no more.
Fully agree and also USD will not dissappear as US will continue to have a fair share in global economy.
@@BWong1234 25 percentage of world economy
Pray for our nations, brother. The US will not sit idle on this.
@@iwansevana6284 agree. Someone's goanna be accused of sodomy
BRICS needs to launch its new currency that combines with 5 countries currency. That will be the god like move .
Need world bank equivalent too. IMF, World Bank, Unicef, Unesco, WHO all are controller by US
The most probable date is August 2023.
Haha no. We're different than eurozone and also don't need common currency . We just need cooperation
WOW VERY DANGEROUS SIR! !! 😠😠BUT THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
China going to Rule the World very Shortly.
AMF...A significant step by the Asian Powers..
As a historian you could now write the final chapter of American hegemony.
do you know china gold reserve is fake ?
And kick off a century of American poverty, social instability, and civil war... A "century of humiliation" if you will.
And then we may finally live in peace. No more wars.
@@sarahjenkins7064 😂😂😂😂😂😂 you should read a history book
in your dreams. it aint gonna happen
Dollar will be shitting out in some time 😂
😂😂😂😂😂
WOW VERY DANGEROUS SIR! !! 😠😠BUT THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 cleanest?
666 is still the USA alternative dominance currency
for a very long time. no one with a brain is going near the Yuan.
Now we see the dollar playing less and less of a role and the portfolios of central banks.
Here the thing Istaiq, I have a news article from 1976. President Jimmy Carter was President saying the US dollar is on it way out as the Reserve Currency. Look Istaiq, keep you bullshit to yourself. Next time I hear you saying shit, I want a time frame like in two years we going replace the Reserve Currency ok. None this horse shit about you might, or you considering, we think, Bullshit. Do it,
WOW VERY DANGEROUS SIR! !! 😠😠BUT THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
Brave and genius
Strategy
Bravo Mr Anwar
Viva malaysia
This financial breath of fresh air will be healthy for the world; including the US in evolving new positives for all. 👍
Maybe healthy for us in the long run. We shall see. But, short term, we're going to experience a lot of pain. The US government deserves that pain. The people do not.
@@flowbrandz316 The American people those who have brains actually hate our government
It is time for the Americans to revolt against their government and politicians, both the Republicans and Democrats. It is time for the Americans to enjoy REAL democracy!
Asia aggressively making a bold move while Africa is merely trying to do the same thing but in a very subdued way!
good news, wish this will push through immediately.
A dollar is not worth the paper it is printed on
@mudshovel 289 speculation, printed money has no real value
@@mudshovel290 Currency of my country is wotrh something.Your dollar is worth a pile of 💩💩💩💩 supported by printing machine🤣
Excellent reporting. When it rains it pours ... away from the U.S. Dollar.
Yes and the collapse of America
@@freshevans As a Iraqi, hopefully it also means the destruction and death of US. Like they have been doing in the Middle East for 30 years and worldwide.
@@freshevansbefore the US collapse you're country first lol
In your dreams 😂😂😂
As a Malaysian n an Asian I m happy we can determine our own fates n not be dictated to by countries n agencies that do not consider our best interests. Our time has come.
Di dikte inggris lebih tepatnya 🐕
De-dollarization is a great thing for the world
Yuanization is a bad thing for the world though.
@@haroon4567 better than dollar
Until American nukes start dropping…
Good luck to any country using yuan as reserve currency.
US dollar isn’t doing great job, but if people think moving to a currency that is most manipulated is the answer …. then those people have no idea about what it takes to be a global reserve currency.
Should be ok . Get rid of the Colonial Currency. Less wars is good for the world.
Even if you hate China, its growth is positive for many countries, even inside US allies. Even if you don't use cheap Chinese products, the fact that they exist drive down the cost of all other products. Developing nations can look to China for better deals on loans, rather than the US backed IMF having a sway monopoly on loans.
Yup, iam anti communist and not fans of china & chinese people, but i agree the world need more powerfull china as a counter for american dictatorship in global geopolitic
This is true. I recall Singapore PM back then say this about its better to keep 2 empires alive than letting one have the monopoly to all. It give smaller nations choice, and the 2 empires need to treat smaller nations better since they can choose which one to follow.
Yea a dollar a day wages and sell to us 100 times more than what it is worth. we need to bring it back to USA
@@bud2171 Sure, get ready to pay x5 the price for consumer goods, the rest of the world won't buy your overpriced stuff
@@backpackpepelon3867In reality Singapore is a coward. Why a tiny country need to participate in Iraq and Afghanistan wars, sanction Russia and boycott Huawei 5G equipments. They are just fear US bullying
China never wanted to play the role of reserve currency or the world police or exporting its own version of governance. Lately many countries are diverting their trading currency away from the dollar and into bi or multiple currencies. The US weaponising the dollar against the Russia has sent chills into the spines of many countries and many are now having a second thought on the risks of holding all their trading currencies in dollar. It is to soon to talk about the dethroning of the dollar. But the momentum to do so is surely expediting.
do you know china gold reserve is fake ?
Hey! China and Russia got smart to take off the dollars in the crap! Someone has it hacker trying to dollars to come down the Crypto, but I guess not believe that Russia got wicked you know he did not tell anyone to show the dollars hate it. BRICS is not controlling the dollar, so he likes it China got the win say nothing about to games over the need to be brainwashed
We need dedollarization
This news put a smile on my face. Something is finally happening to remove that Monopoly money
USD is backed by military intimidation, not commodities. If one falls, the other one falls too. In 2022 they gave permission to Russia to dedollarize, by kicking it away from USD/euro and western banks. That cracked USD. And as using USD becomes a mechanism to import crisis, more nations feel less intimidated and more willing to dedollarize. Since USD is backed by military intimidation, what you can expect by design to compensate, is military escalation.
Evil private money
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance.
James Madison
founding father 4th US president.
ajitvadakayil.blogspot.com/2011/02/worth-more-than-sum-total-of-entire.html?m=1
You don't know what you're talking about... stop the talking trash and making things up!! Dumb!! lol :D
The world is waking up .ist about time
Only communist countrys are wakeing up. .its a dictator money nothing else
😂😂😂😂 no you will see just change the coin kkkk you will be slaves by the communist shit
It’s not Chinese Yuan replacing dollar, it’s lots of alternative currencies together making up a bigger share of the reserves.
do you know china gold reserve is fake ?
Indeed
Digital Rouble is set to launch by this year.
July to be exact
Yes i go for a trabant
The best woman news anchor in the world period 🙏
Chinese here. We want Indians to use Indian Ruppee to trade with Chinese too. We strongly believe that currency should be the trading token, NOT a financial speculation and controlling mechanism. I really hope Indians stop spreading Non-Truth about China and actually look into hard facts about China. And work with Chian for a better tomorrow. China is for prosperity and progress. US is for destruction and control.
China and other nations have established currency swap agreement. Here is how currency swap works. Each year, country A and B set aside X amount of money from each other's currency at the market value of those currencies. Within that year, the money are used as the bilaterally trade token. At the end of the fiscal year, both countries will either renew the currency swap agreement with a new amount, or convert the remaining amount back to each other's country based on the exchange rate at the beginning of the year. There is no currency speculation and each nation has the right to increase or decrease the amount of trading tokens, or simply stop the trading tokens without any loss.
This is what China has been negotiating with countries like Russia, Saudi, Brazile and many others. I am looking forward to the day when China and India can do the same.
India does not look china as an enemy, only issue is china's posturing on borders which makes it difficult for india to maintain good relations and also creates negative sentiment against china
The last thing we indian want to believe is china let lone your track record shows nothing in near future indian would want to do anything with xi.
If China stops border disputes, calling Indian state of Arunachal Pradesh as its own. Just one compromise on border status quo would do wonders for Indo-China relationships.
@@indieboy1033 This is how Anglo Saxxons create conflicts around the world. They draw some lines on the map. And the nations impacted by the lines started fighting, like monkeys fighting for promised bananas. Don't be monkeys.
@@indieboy1033 But Arunachal Pradesh is just South Tibet right? So that is Tibet land. And Tibet calls China the central government until Brits engineered the independence movement. So tell me exactly where India stands on all this? India as a nation did not even exists at that time. It is the Brits who conquered the whole India Subcontinent (which is a geological term) and the Hindus took over, and "whatever Brits claimed, Hindus claim" is their only legitimate claim. So tell me stand where India stands?
This is very good news for Malaysia. It's even better for the WHOLE WORLD.. WELL DONE China and Malaysia.
Good news, even printing won't save the dollar.
Viva BRICS
Congratulations and let the move begin. Asia should have their own Asian Monetary Fund
Asia must boycott the IMF immediately.
THAT IS SO GOOD TO HEAR
No country wants their country under any foreign currency. All countries want is their currency. The only solution is maintaining a balance. Or a common currency that's not backed by single country but by a set of system that gives a fair chance.
For the.past 5 centuries we had 5 reserve currencies. Just about 100 years for each one. Spain , Netherlands, French, British now the U.S. dollar. It’s been almost 100 years since it’s rise as the predominant currency. It’s time for the next one. But China has stated they don’t want to replace the dollars as the hegemony currency. They prefer a basket of different currencies
Reserve currency status leads to deindustrialisation due to triffin dilemma. Hence wise take by China
Seriously. Yuan taking over the role of the dollar would make life absolutely miserable for everyone, China included.
@@aslampervez2294 yep china want their currency to stay cheap so they can have advantage of cheaper goods to import
@@valerievankerckhove9325 that not gonna happen china dont want to replace usa
@@docaz9453 cheaper goods to export
Adorable idea Asian Monetary Fund
We go with it faster than time
.I wish..
Good to see Anwar making some positive moves with Malaysia.
news keeps getting better 🎉
Competition with the IMF might be a good thing. The IMF is heavy handed at times.
Glad to hear the dedollarization. Asian power!❤
Time for leaders to lead.
I love to listen to your program all the time. But the volume is very low especially when I'm driving. I barely can hear you if you can do something about your volume output. Thank you.
The IMF and World Bank have always served a Western-centric imperialist agenda. In the 1990s, Asia didn't have enough economic muscle to push through the AMF.
Today, the story is totally different.
The US Dollars have been too highly regarded for too long. To be fair, the currencies of the individual countries should be the ones used for bilateral trades. It is now time for the world to ditch the US Dollars and return to the rightful practice of using the individual currencies.
Absolutely Generous.
All the best BRICS... 🙏🏻🙏🏻🙏🏻👍🏼👍🏼👍🏼
Well done sleepy Joe
do you know china gold reserve is fake ?
😂😂
As an American I can't wait for the world to no longer use the USD for currencies purchases. That way we can become isolationist like we were in the 1930s and never have to help another country outside of treaties.
But your deep states don't care about you that's the prblm
isolation is not the answer either, you can't produe everything yourself.
Though the gringos staying the hell inside their country would be a gift to the world
It doesn't have to be one extreme or the other. We can sometimes learn from the past. Countries are working together for this in order to dial it back a bit towards a middle ground where there's space enough for everyone and noone gets to hog all the power. That's the true opposite of isolationism, and not the system that's been in place this past century. Countries can be friends with one another without any one country pretending to be the heroic moderator but is actually the biggest thief and bully. Because absolute power corrupts absolutely.
Im From Malaysia
WE BACK TO OPEN MAP
The sooner it happens the better for the world.
Anwar intended to exact revenge on US currency. Anwar lost his position as deputy premier as a result of Malaysia's internal political unrest in 1997 as a result of the Asia Financial Crisis caused by America, and he ultimately ended up in jail. Since then, he has endured suffering for over 20 years. Anwar won't allow comparable issues to be brought about by American currency in Malaysia ever again.
Exactly!
Asian Financial Crisis '97 was primarily brought about by Soros & other hedge fund traders and i dont think America had a direct hand or geopolitical motivation to initiate the crisis then. Anyways, the CoV crisis followed by Russo-Ukraine war and Fed's interest rate drive, all these justify serious relook into Asian Monetary Fund again.
Good day ma'am and thank , for me it's take time , but trusting China is dangerous
Can tell me why?
Not more dangerous then trusting the US
thanks for telling the obvious lol
imagine if 1 MYR = 1 SGD!! all foreign talents will leave SG and run faster than running away from zombie apocalypse
No one country should be allowed to impose its will on others with impunity. This is great that countries are trying to insulate their economies from the dollar crash
Malaysia will be the next Libya😂😂😂😂
very good idea an Asian monetary fund wow I think not Po only china Malaysia Indonesia Thailand but India Bangladesh Singapore Pakistan and other south and south east Asian countries must join with this new economic and financial alliance
Pakistan is dead as a Dodo. Dis count it.
That is what happens when one is abusing power
As fellow Malaysian here I totally agree with mr.anwar on foreign policy of our country we cannot just depend American dollar as only trade currency in international trade. So I think what Anwar done is so brilliant even though I disagree with him on internal policy but for first time ever Anwar Ibrahim made me agree with this kind of solution. If he can solve the inflation problem in our country then I will support him.
Palki ji, this is probably leading towards a point of substantial collapse in exchange rate Rupee ( & some other currencies)
vis a vis USD. Will you please provide valuable advisory for Indian NRIs as to what proactive steps they can / should take to save from the relevant risks of downfall?
Why ask a reporter for guidance? India has legions of economists who do the job.
Yuan is the upcoming global currency
Very good. It is time for the world to make choices and stop depending on Western power and western money.
Wooow great news for all Asian countries.... Wellcome AMF Asian monitoring funds...
Well done China ❤ 😍 🇱🇰
Hare Krishna 🙏🙏🙏🕉️
That happens when you keep using USD as a weapon.
"The trend is quite clear the Chinese yuan is going places and it's finding takers, the American dollar is losing friends." ~Palki Sharma, 04/04/2023
do you know china gold reserve is fake ?
The Yuan is not what you think. In China today there are 1.4 billion people and 90% of them are poor and I mean poor. Their economy will go south, and it is just a matter of time, slavery doesn’t last long as you know. Mark my words, it will take some time to correct the damage we have done but we will prevail again and come up with a better solution and be stronger than ever before.
@@bud2171 😂 I'd like the name of the drugs you're smoking dude because it sounds like some really good stuff. I didn't know people could be this delusional haha
Stealing other countries reserves has systematic consequences, now big holders of USD reserves know their holdings can be nullified at any moment.
So the rush to trade in their own currency
Get rid of blood money!
this is good news
Dear first post. Hi from Malaysia! I have been watching a lot of your videos and was wondering if you can increase the average decible for the sound of your videos. I always have to manually increase it for your videos.
True
If Malaysia trade with India, we should use both currency to trade. Why need us dollar?
Good one for the world
USA is the first largest economy so dollar has been dominant
China is the 2nd largest economy in the world hence pushing for yuan as reserve currency
India is the fifth largest economy and steadily moving towards 3rd position so can push ruppes as the third reserve currency.
I smell war in Asia
Palki is awesome!!
Porky
Rich people in the West and US are unloaded billions and billions $$$$$ out of the big banks moving to China,Hong Kong and Singapore, these are the safest places park their money and OPEC nations too.Saudi converted all their money into Chinese Yuan..
Singapore is not a safe place to park their money, they will easily roll over when the US demands access and information of their clients. Even Switzerland couldn't refuse the US
Much Love Palki ❤️❤️❤️
What is your intention here
The Yuan doesn't in any way threaten the US dollar. I think the Yuan will serve as an alternative to the US dollar. It will resolve some of the complexity in trading.
More and more countries are doing it!
first of all great news and please increase the volume
US does not export enough to keep USD's value. Printed money has no value and that is why.
The Chinese Yuan will not be an international currency to replace US dollar now. Yuan is not tradable in international market but is used as domestic currency in China only. The issuance of Yuan is not transparent, so is currency exchange within China. If a country accept Yuan in exchange of product eg petroleum, the Yuan it receive will only be used to buy products or services from China only. This is because a third country will not accept Yuan as currency for payment of products and services.
China want the Yuan to be one of the currency for trading and to reduce the need of foreign reserves to be in US dollars. China also want a multipolar world where multiple currencies can be used for trading so that the USD will not be a fiat currency for the US to abuse its hegemonic power like sanctions to coerce other countries to obey them.
@@bldomain china wants the world to be multipolar to reduce western power, from there, they can start to take over the hegemony
@@bldomain So in other words Chinese are hypocrite
@@Hmonks Far from it. In order for a currency to remain as the fiat currency it comes with a huge task to make sure every country in the world must use it . If they don't they will be sanctioned, a color revolution and regime change will be staged so that the new government will continue to use it. This is clearly shown by the US who go through all length to make sure the USD is the dominant currency even to the extent of assassinating head of states to achieve that. China will not want to do that because the Chinese always, and I repeat , always believe in building a win-win relationship with everyone. Managing the yin-yan side of things is crucial to have a peaceful existence for all. The Chinese understand that very well.
I just saw elsewhere there's been a net outflow of funds. It was either from the yuan/renminbi itself, or from renminbi bonds.
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She left WION and i left with her.... No one reports this detailed
she is better than their other female reporters?
All aboard the de-dollarization train