It's all far simpler borrowers in the US have access to cheap money and they are allowed to over value American busineses giving them access to this cheap money they tgen buy all yhere competitirs globally using the USD accepted globally. This money doesn't cause USD deflation globally because everyone internationally needs the USD to trade. Why is Tesla and Space X valued far more than there piers globally because that valuation allows those companies to access US debt to buy foreign competion. The damage os already done we now have tech monopolies that all belong to the US.
If any other nation allow such cheap credit it would cause a devaluation of there currency. This is what is happening with China. The CCP is financing there domestic companies and that money is entering the global market but no one wants there Yuan since USD can buy Chinese products.
@@justindressler5992 keep drinking your kool aid. The US is in deep debt and your financial services sector, your largest GDP component, comprises synthetic made up products, which if you forget, was instrumental in causing the GFC. And if you even bothered to research anything, you'd know that USD is now held in just over 50% of foreign reserves, down from almost 80% a few years ago.
I'll argue the the investment strike started in Australia 29 years ago, with the election of the Howard government. The start of the Howard infrastructure drought. We have a thread bare University and CSIRO R&D system too.
If you're interested in what's happening around us you may find the latest Thom Hartmann Program video on UA-cam up your street. A bit of history about Elon Musk - and how his family ideology is creating 1984 before our eyes (with the odd slight of hand).
The U.S. came in handy during WWII, no complaining from the Europeans, and Bretton Woods Agreement turned out helpful to most of the world for 78 years. Has any other country done more? The fact that the U.S. benefited, could be viewed as payment for keeping other countries safe with the US military bases all over the world, and keeping shipping lanes relatively safe. Underinvestment by the rest of the world could have been caused because the U.S. was the only capitalist economy, and it’s private sector became large and wealthy. Other nations chose free healthcare, high taxes , and therefore a small private sector middle class…socialism. Socialism frown’s on private businesses, and therefore become mainly importing countries. Socialism likes bureaucrats and big government. Capitalism creates wealth and a large private sector middle class…socialism creates bureaucrats and poverty, and the free healthcare is no longer free for everyone. It’s not the people that make the difference, it’s the system. The U.S. is not made up of greedy evil people…no country has given more in blood and treasure to other countries than the U.S..It’s capitalism and freedom to choose, freedom of speech, ability to get a loan and grow a business….that’s what makes the difference. ❤🇺🇸
I love Yanis' Varoufakis statements: "Europe is now irrelevant!" The only part of Europe that is irrelevant, Yanis, are the people who have given up on Europe being a great place to live. Yes; Europe has descended into chaos and is flawed, but it is the birthplace of a great civilization and the path for the future of a thriving planet---if we dream it so!
Europe is more relevant than Yanis Varoufakis's opinion, if you include all the Europeans, they have an economy close to or larger than China, and this person is saying they are irrelevant, it's the opinion of a person with an extreme left view of the world, it's what he is hoping for.
@erickanter and in Gaza, Ukraine, Afghanistan, Iraq, Vietnam and as well as countless other incursions and overthrowing of multiple South American govts.
❤Their policy on Russia and China has backfired completely
Excellent analysis. Hope the relevant governments can learn from this talk… if they have an open, independent mind.
It's all far simpler borrowers in the US have access to cheap money and they are allowed to over value American busineses giving them access to this cheap money they tgen buy all yhere competitirs globally using the USD accepted globally. This money doesn't cause USD deflation globally because everyone internationally needs the USD to trade. Why is Tesla and Space X valued far more than there piers globally because that valuation allows those companies to access US debt to buy foreign competion. The damage os already done we now have tech monopolies that all belong to the US.
If any other nation allow such cheap credit it would cause a devaluation of there currency. This is what is happening with China. The CCP is financing there domestic companies and that money is entering the global market but no one wants there Yuan since USD can buy Chinese products.
@@justindressler5992 keep drinking your kool aid. The US is in deep debt and your financial services sector, your largest GDP component, comprises synthetic made up products, which if you forget, was instrumental in causing the GFC. And if you even bothered to research anything, you'd know that USD is now held in just over 50% of foreign reserves, down from almost 80% a few years ago.
I'll argue the the investment strike started in Australia 29 years ago, with the election of the Howard government. The start of the Howard infrastructure drought. We have a thread bare University and CSIRO R&D system too.
When was this speech given?
Thanks. Interesting talk.
Having this speech in English makes his point even stronger (Europe is irrelevant)
Does that include the UK?
English Is a European Language......
Too much debt instead education (part of EU)
yanis, i think Australia has always been irrelevant. and frankly I like it that way
Good for you. That's why we Europeans don't like America, but we don't even think about Australia.
If you're interested in what's happening around us you may find the latest Thom Hartmann Program video on UA-cam up your street. A bit of history about Elon Musk - and how his family ideology is creating 1984 before our eyes (with the odd slight of hand).
So well explained to the lay person 👍
Nah, it was just canceled. Guess by whom.
👍👍👍💯✅
It too late🤑
Recreational drugs are destroying ppls minds to better themselves
You too.
since when is europe relevant
You just used the English language.
@@borisnegrarosa9113 you are right ..i like the fish and chips too
@@kerismoolayu And the other day you probably saw a BMW or two, which you can't afford to buy.
@@borisnegrarosa9113 you are right again..we are happy and could only afford BYD..so affordable that EU have to put tariff to stop BYD..bravo
@@kerismoolayu And then you have IKEA ofc. Popular everywhere.
The U.S. came in handy during WWII, no complaining from the Europeans, and Bretton Woods Agreement turned out helpful to most of the world for 78 years. Has any other country done more? The fact that the U.S. benefited, could be viewed as payment for keeping other countries safe with the US military bases all over the world, and keeping shipping lanes relatively safe. Underinvestment by the rest of the world could have been caused because the U.S. was the only capitalist economy, and it’s private sector became large and wealthy. Other nations chose free healthcare, high taxes , and therefore a small private sector middle class…socialism.
Socialism frown’s on private businesses, and therefore become mainly importing countries. Socialism likes bureaucrats and big government. Capitalism creates wealth and a large private sector middle class…socialism creates bureaucrats and poverty, and the free healthcare is no longer free for everyone. It’s not the people that make the difference, it’s the system. The U.S. is not made up of greedy evil people…no country has given more in blood and treasure to other countries than the U.S..It’s capitalism and freedom to choose, freedom of speech, ability to get a loan and grow a business….that’s what makes the difference. ❤🇺🇸
This is propaganda in the purest form. What your saying isn’t reality, it’s just American propaganda
Ode To Doom
I love Yanis' Varoufakis statements: "Europe is now irrelevant!" The only part of Europe that is irrelevant, Yanis, are the people who have given up on Europe being a great place to live. Yes; Europe has descended into chaos and is flawed, but it is the birthplace of a great civilization and the path for the future of a thriving planet---if we dream it so!
Same as his political party then..
Europe is more relevant than Yanis Varoufakis's opinion, if you include all the Europeans, they have an economy close to or larger than China, and this person is saying they are irrelevant, it's the opinion of a person with an extreme left view of the world, it's what he is hoping for.
No bro. Look at leading innovations in the world and purchasing power parity. The deficits. The war. Why?
America 🇺🇸 first 🙋♂️
Guilty of mass murder in Iraq.
Will make the USA. decline.
@erickanter and in Gaza, Ukraine, Afghanistan, Iraq, Vietnam and as well as countless other incursions and overthrowing of multiple South American govts.
USA is a dictatorship!! 🤔
Far left Yanis Varoufakis becomes citizen of the worst far left dictatorship