Prof. Sach is super brilliant and a very far sighted being possessing a device soul full of wisdom his country is honour and very lucky to have such a good adviser
As an American, I’m excited about D dollarization because of how I found out that it has been used as a weapon against other countries. The US deserve D dollarization.
A agree with you. Their some countries who wish not to have the black gold? Bekos it only attracks wars & exploitation. Better be in peace than massive wealth that carries evil endings🙏🏻wishing to go to the jungle.
I respect your understanding of how bad it is for America to do use the dollar as a weapon but you shouldn’t be exited about it going away since you live in America. It’s going to be very bad in America when that happens. It will completely collapse American civilization. I’m Canadian and not to happy with your current government and at least half of the citizens who are all for this lunatic trump but for the good decent Americans I feel bad for what’s about to come. And for us in Canada if we don’t get away from the dollar. I hope we join Brics so we don’t crumble along with America but I bet we will
If the USA government spent 4 year of money and time on the USA and it’s people we would have no homelessness the streets would be made of gold and we would be a country to be proud of. But instead we have this ish hole
@@1tr4phouseexcept, if the Dollar is no longer the world's reserve currency you can no longer just print money as you need. De-dollarization means massive economic problems for a country almost $ 40 Trillion in debt.
@@1tr4phouseif you’re an American and you think that then you are a fool. It’s going to affect the whole world. Perhaps you need to watch some videos on what every economist, yes American economist are predicting. A non biased view of reality. If the American dollar is not used by Brics your economy is finished. Brics is already 55% of the world’s population and climbing fast. And trump and his tariffs are forcing every country to find new trade partners. Why would anyone bother trading with America? Why would anyone other than America use the dollar? All these countries have been dumping billions in American bonds back to America. That’s debt. The fiat dollar cannot survive. It’s not going to be good for America. It’s going to be worse than America has ever had before.
The dollar is fiat - thank you Mr Reagan. It is self evident - it has nothing to compare itself to. It is the ultimate faith instrument - “ I Am that I Am”. As long as it is believed in, or other nations are forced to believe in it (get the idea of hegemony and endless war now?) it will be eternal. It is the apex (or as I morally believe: the nadir) of Mankind’s creation.
This isn’t quite accurate. The value of any currency is what you can buy with it in the country of origin. Re the USD that’s still quite a lot though not what it once was. Dedollarisation isn’t as easy or even desired as easily thought. Actual businesses and traders need a currency that’s fairly stable and readily useable and on a world basis that difficult to start and continue. The tipping point was the theft of Russian reserves. The big warning is Saudi resistance. USD made the transition from gold in large part due to Saudi agreement to trade oil only in USD. The dollar remains most importantly the petrodollar - a popular term decades back rarely used now. So the big test will be how long it remains the preferred energy trading currency. This also helps explain why there’s so little real movement away from fossil fuels. They underpin the dollar and by extension US power.
And guess who will get hit with all the dollars from overseas coming back into US! The prices in US will go up dramatically due to the devaluation of the USD.
Nr1 It was the right thing to take it from Russia..Nr2 the only somewhat realistic alternative would be € & that’s something not even Europe wants..Nr3 yen?..China dreams of it but right now the west overestimates Chinas power similar to how it was with the Sowjet Union...
How can Trump say europe are bad for Usa? Eu has to pay more for an iphone because Us think we can afford it.Same with Netflix= discount service for Eu.Guess what:We just buy our stuff another place.
😂😂😂😂😂😂 just imagine you took some worthless money none of that money is backed by gold this is some advice if you got gold hold on to it it's about to be worth a lot of money in 4 years
Ofcoarse its annoying to get your dollar taken when you are a criminal. Its the bitcoin you should go into when you are a big criminal. Think for yourself what countries there is who need this. Some of them in ….!
What is it that Americans don't understand? You are NOT the "good guys". Not even a reliable allie. Your hubris and hypocrisy is monumental. We are witnessing the decline and fall of the American Empire.
Good man Prof Sachs
only thing thats missing is a credible alternative
US GOVT is reckless and its sanctions will only hurt itself in time, because nobody can trust it anymore. STUPID!
It’s fantastic, taking the power away from the bullies.
VERY DISCERNING INSIGHT :
AGAIN OUR GOVERNMENT SHOOTING ITS OWN FOOT AND THEN WONDERING WHY ITS BLEEDING!
Government? Who do you think really "governs" / calls the shots in our mock-democracies?
@@paulgovan3507
Whoever is hiding this truth from the American public
Prof. Sach is super brilliant and a very far sighted being possessing a device soul full of wisdom his country is honour and very lucky to have such a good adviser
Sachs is a Russian shill.
BRAVO PROF! A STRAIGHT UP SUPER G!
What about Iran's frozen dollars?
Thank you Doc.for being honest its happening.
Thank you for sharing your knowledge
Our days of controlling the world is coming to an end and it's a good thing as far as I, an American citizen, believe!
My sentiments exactly! Imperialism is out of fashion
Last year the US defense budget spend was
$826 BILLION dollars.
Let that sink in for a moment.
@cottagegymfun all while we have millions and millions of homeless and hungry Americans, a shitty education and healthcare system...
Keep on grilling them Jeff ..you are wonderful
V😊 VERY WELL SAID 👍💯
He’s wrong..but well said you’re right..the only kind of realistic alternative would be € & that’s something not even Europe wants..
Thanks Jeffrey Sachs🙏🙏🙏
Especially toward other countries Yes we know and they know too
Once the dollar collapses so will the American hegemony
As an American, I’m excited about D dollarization because of how I found out that it has been used as a weapon against other countries. The US deserve D dollarization.
Much Respect to you ...
A agree with you. Their some countries who wish not to have the black gold? Bekos it only attracks wars & exploitation. Better be in peace than massive wealth that carries evil endings🙏🏻wishing to go to the jungle.
I respect your understanding of how bad it is for America to do use the dollar as a weapon but you shouldn’t be exited about it going away since you live in America. It’s going to be very bad in America when that happens. It will completely collapse American civilization. I’m Canadian and not to happy with your current government and at least half of the citizens who are all for this lunatic trump but for the good decent Americans I feel bad for what’s about to come. And for us in Canada if we don’t get away from the dollar. I hope we join Brics so we don’t crumble along with America but I bet we will
Bless you Professor Sir. 😮
If the USA government spent 4 year of money and time on the USA and it’s people we would have no homelessness the streets would be made of gold and we would be a country to be proud of. But instead we have this ish hole
It's why they attacked Libya and look at the mess they left there.
You can't keep hitting people and not expect to get hit back.
Fantastic ❤❤❤
Great move indeed
They give you the dollar and hold you hostage by it, ridiculous!
Winston Churchill once said: "You can count on the Americans doing the right thing, after exhausting all the other options".
It's good to hear the truth ❤
Don't resist Freedom!
Thank you Jeffrey I've been following you for a long time continue you're good work bless you 🙏
BRICS is the new exchange.
Brics will use bitcoins.
Good doesn’t affect us
@@matsgustafsson46bitcoin under US control??
@@1tr4phouseexcept, if the Dollar is no longer the world's reserve currency you can no longer just print money as you need. De-dollarization means massive economic problems for a country almost $ 40 Trillion in debt.
@@1tr4phouseif you’re an American and you think that then you are a fool. It’s going to affect the whole world. Perhaps you need to watch some videos on what every economist, yes American economist are predicting. A non biased view of reality. If the American dollar is not used by Brics your economy is finished. Brics is already 55% of the world’s population and climbing fast. And trump and his tariffs are forcing every country to find new trade partners. Why would anyone bother trading with America? Why would anyone other than America use the dollar? All these countries have been dumping billions in American bonds back to America. That’s debt. The fiat dollar cannot survive. It’s not going to be good for America. It’s going to be worse than America has ever had before.
Its coming like a bullet... AMERICAN EMPIRE IS OVER AND WILL NEVER COME BACK....
BRICS
Yeah we heard a little bit of that last year they're all cashing in their treasuries and bonds That's got to be ouch
Is the government in Fiscal Denial?
US government has an overcapacity in lying and denying!
The dollar is fiat - thank you Mr Reagan.
It is self evident - it has nothing to compare itself to. It is the ultimate faith instrument - “ I Am that I Am”.
As long as it is believed in, or other nations are forced to believe in it (get the idea of hegemony and endless war now?) it will be eternal.
It is the apex (or as I morally believe: the nadir) of Mankind’s creation.
This isn’t quite accurate. The value of any currency is what you can buy with it in the country of origin. Re the USD that’s still quite a lot though not what it once was. Dedollarisation isn’t as easy or even desired as easily thought. Actual businesses and traders need a currency that’s fairly stable and readily useable and on a world basis that difficult to start and continue. The tipping point was the theft of Russian reserves. The big warning is Saudi resistance. USD made the transition from gold in large part due to Saudi agreement to trade oil only in USD. The dollar remains most importantly the petrodollar - a popular term decades back rarely used now. So the big test will be how long it remains the preferred energy trading currency. This also helps explain why there’s so little real movement away from fossil fuels. They underpin the dollar and by extension US power.
❤❤❤❤❤😊😊😊😊😊😊💯💯💯
Thanks
This is a democracy. Every clown, even Jeffrey Sachs can tell his own opinion without any sanctions. That is wonderful.
In 2023..Asean decided to encourage..trade to be conducted in local currency as much ad possible...This was never reported😮😅😊
Congratulations 🎊 well done
I think this is what selfish means,yours is my and my is my.
The irony of our dollar being a fiat currency...
Prof Sachs exposing the lies
Unbelievable...make it make sense 🤔🙄
Well what about d Euro what would happen to d Euro then to?
Its time to pay back Russia
After a while, more like after ww2, better late than never.😮😮
This causes devaluation, which, in turn, causes inflation / price increases of everything imported, and lastly all else.
Imagine no more wars, just there will be no poverty all countries having equal powers
BRICS 🙏🙏🙏
And guess who will get hit with all the dollars from overseas coming back into US! The prices in US will go up dramatically due to the devaluation of the USD.
Cont wait for this moment
In the end we all go to ........................
THE WORLD IS CHANGING IN DRAMATIC FASHION
TIME IS CHANGING
PEOPLE ARE CHANGING
TAKE A NOTE
🎉
This underlines the recent US events surrounding BITCOIN 🤨
Notice he said Rubals and no one is trading in rubals he's paid for.
Maybe holding some foreign currency, silver, gold and land with water rights!
👍👍👍👍
BRICKS that's what it's called that will make the dollar useless.
You can keep your money now its worthless!!
You say 'weaponise', but it's a legal standard or regulation or consequence for misfit custodial govts.
When in Rome.
Doped that would hapen are wages going up dollar is backed in gold da
It's Coming, india vs USA?
Why do you, professors do not run for president of the US. You have my vote already 100% and millions others.
Nr1 It was the right thing to take it from Russia..Nr2 the only somewhat realistic alternative would be € & that’s something not even Europe wants..Nr3 yen?..China dreams of it but right now the west overestimates Chinas power similar to how it was with the Sowjet Union...
BRICS😊
What is not use as a weapon. Its all about power . Now it the dollar Tomorrow maybe roepia ?something structural must change instead a new kid in town
Apparently, the god of capitslism, unbridled profits, aka theft, is a blind, unthinking, unfeeling god.
The days of punishing countries are about to end all because of greed
GENESIS 2:11-14KJV! - NUMBERS 12:1KJV! = ISRAELITES ARE AFRICAN DESCENT!!!!!!! = BIBLICAL!!!!!!!!!!!!!!PSALMS CH. 83KJV! FAKE ISRAELITES = JOHN 8:44KJV! REVELATION 2:8-9KJV! REVELATION 3:8-9KJV! REVELATION 22:18-19KJV!
How can Trump say europe are bad for Usa? Eu has to pay more for an iphone because Us think we can afford it.Same with Netflix= discount service for Eu.Guess what:We just buy our stuff another place.
😂😂😂😂😂😂 just imagine you took some worthless money none of that money is backed by gold this is some advice if you got gold hold on to it it's about to be worth a lot of money in 4 years
Amero currency on the rise
it's disruptive economics not cooperative. figure out how to create a cooperative economy. an economy that ah forget it.
Thank you PROF JEFRY
Thieves
Shill.
Ofcoarse its annoying to get your dollar taken when you are a criminal. Its the bitcoin you should go into when you are a big criminal. Think for yourself what countries there is who need this. Some of them in ….!
What is it that Americans don't understand?
You are NOT the "good guys". Not even a reliable allie.
Your hubris and hypocrisy is monumental.
We are witnessing the decline and fall of the American Empire.
Small brains can't comprehend who the real global criminal is
He just mentioned all useless currencies
Open your eyes
@ Good luck, you can go and deposit your money in those countries.
@@HungLow-p7zkeep coping
Anyway logic is not your strong point for not knowing every country prefer to use their own currency in bilateral trade
Your mindset. 😂 dollars is going be useless soon
@ good luck in “Deposit only” countries.
Thls shit ain't funny
The day the dollar died Thire will be no more Corupstion..these lyrics cost Bob Marley his life
BRICKS
Petrochemical dollar recycling.. 😅