*I have also been trading with her, The profits are secured and over a 100% return on investment directly sent to your wallet. I made up to $560,000 in 2months trading with her*
No John... Americans are struggling with maintaining excess... People in 1st world nations have no concept of what really being poor is... I'm Canadian, born, raised and financially secure... but I've been where my family comes from... no running water, intermintent electricity, no refrigeration, dirt floor, no radio, no TV, very little meat products... Yup China in the late 70's... People in the west can't make ends meet cause of things like 2nd car for 1 person, or that house that stopped being shelter and more status... excess in consumption is what we struggle with...
In Punjab, India, regarding discpline, there's a saying that a child behaves for fear of being slapped (Westerners may relate to caning). But once you slap him/her, he / she couldn't care less. Turns out, it's not as bad as feared. US sanctions on Russia over last decade and now the N option of barring them from SWIFT will produce similar of contesting the Bretton Woods Systems as it does not look after their security and interests. Americans seem to have expedited the end of American Empire by overusing sanctions unnecessarily out of sheer bellicosity and stupidity
So you called sanctions against putang/Russia overuse of sanctions...so it is OK for a bigger and more powerful country to just invade its neighbor and take over it's weaker neighbor's land and kill it's people and destroy it'sinfrastructure. ...so it would be fine for the Chinese to go in with big guns and take over parts of India 🇮🇳 and also for Pakistan 🇵🇰 to do the same and destroy infrastructure in India and then the world just look the other way
@@stagg2158 Dear Sir, you can't mislead me by incorrect comparisons. Ukraine War is the result of US/NATO dynamics over last 3 decades, not a fallot of Indo- China relations or Indo-Pak disagreements. When pushed beyond a point, where one party consider the others actions an existential threat, one will fight, there's no option. If Chinese push India beyond a Red Line, there'll be blowback, that's they do Salami slicing. In your context, NATO too has been doing Salami Slicing and reaching Russian borders with their MRBMs. The Russians consider it an existential threat. YOU ARE RIGHT, no country can, must destroy another. Then why have you guys been pushing Russia all these years? You think they are going to wait for you to walk into Moscow and arrange a Purple Revolution there? Russians don't think so. This has nothing to do with Asia, it's Western Hegemony Overreach colloding with Russian security depth. Dear Sir, NOTHING JUST HAPPENS, EVERYTHING HAS A CAUSE. IN I DIA WE SAY, YOU CAN'T SOW WILD SEEDS BUT EXPECT A CROP OF MANGOES.
@@spsparhar ur accusations and comparisons are totally wrong...not to worry India's turn will come and they will need our support ...let's see how you feel when we make excuses for the aggressors of India ...
The British expert downplays the threat to the dollar because he's looking at it from the point of view of currency dominance, or a currency entirely replacing the dollar. That's not how it practically happens, what occurs first is a fragmentation in the dollars pre-eminence either geographically or by product or commodity groupings. Reducing dollar dominance first requires a geographical area to begin trading outside the dollar system or a set of commodities being priced and traded outside the dollar system. For the former, almost like a regional reserve currency. In such circumstances the dollar sees a regional erosion of its influence. Anyway an important road block is the lack of imaginative financial thinking by both Russia and China. Choosing to engage in their trade using direct currency transactions. Instead, they need to give confidence to trade and financial players, and the only way to do this is through introducing 'shadow' dollar financial notes for trade transactions or Trade Exchange Notes (TEN). How will this work? Simple, the Russian central bank issues Rouble-Dollar notes at prevailing market exchange rates or even at a fixed rate if inflationary concerns need to be addressed. The people's bank of China (PBOC) in turn issues Yuan-Dollar notes at prevailing market rates or at fixed rates, the latter if the intention is to speed up trade growth. These notes would provide (registered?) holders with a dollar interest rate return equivalent to prevailing US federal reserve rates. When an oil company in Russia sells oil (say @$120/barrel) to a Chinese entity, that Chinese entity would send a payment in ($120 equivalent) Yuan to the PBOC, the PBOC would send payment in ($120) Yuan-Dollar notes to the Central Bank of Russia which would then issue ($120 equivalent) rouble payments to the oil company. When a Russian electronics goods wholesaler buys Chinese goods, the wholesaler would pay for the goods in rouble through his local bank which would then obtain Rouble-Dollar notes from the market to send to the supplier's bank or from the Central Bank of Russia to send to the PBOC who would then pay the electronic goods supplier in Yuan. Once a year, the balances of Rouble-Dollar and Yuan-Dollar notes are reconciled and the balances determined with interest due paid, if Russia is in deficit it can adjust its 'on the face' Rouble-Dollar exchange rate downwards or interest rates on the notes upwards or even clear its deficit transaction in actual foreign currency or gold. The price and rate movements of these notes would serve as a means by which commercial investors (banks, financial companies) can buy-in to boost earnings. And a onshore/offshore market to trade these notes can be initiated. Chinese banks would be able to invest their savers deposits in Yuan-Dollar notes and Russian banks would do the same in Rouble-Dollar. Similarly, China can adjust the 'on the face' value and interest of its Yuan-Dollar. In fact such an instrument can also be used outside the Russia-China trading nexus. Iran for instance may want to buy weapons from Russia. It can use the Yuan-dollar it earns on oil transactions with China as payment to weapons manufacturers in Russia. Same also Venezuela, and if expanded internationally it would allow China to control the money supply and remove the need to maintain high reserve balances at pitiful interest at the US federal reserve. Most importantly, it would eliminate any threat from the US office of foreign asset control (OFAC). These transactions would not fall under the issued dollar transaction of the United States, they would not be subject to US regulation, enquiry or knowledge. The US would have zero knowledge of the parties transacting, and even if it did, these transactions would not breach its financial sanctions regime. Anything less, and China-Russia are fooling themselves because current Yuan financial restrictions would hobble any trade, and Russia wanting to be paid in euros for oil and commodities would also hobble any trade. For Russia, that means crippling inflation and for China it means the continuance of being beholden to US blackmail and threats. Oh... a final word of advice, never seek advice from an Englishman when he has his own axe to grind.
Any power that's not a status quo power must be looking at alternatives to the dollar system. Anything other than that means accepting US hegemony. This is ok for Europe, although France and Germany may chaff occasionally. However for the great powers like Russia and China, this is not an option longterm. Our future is the balkenisation of the global financial system, trading and energy blocks, and increased security competition in East Asia and eastern Europe.
@ j a. The system you describe was and still is present today. Europe consolidated to the euro from the french franc, italian lira and german deutch mark among other currencies. Why use the dollar as part of the rouble/yuan currency exchange? They can exchange their currencies now without the dollar at all if they want to between themselves. The whole problem with the system you describe IS CONFIDENCE, much as you may dislike the dollar and the usa(america), do you really want to put yourself under the same currency control, only with the RUSSIAN/CHINESE GOVERNMENTS IN CONTROL(confidence)? Really no one does. Just like capitalism, it may be a terrible system, but it is the best one compared TO ALL THE OTHERS, just ask the chinese or russians!!!!
@@alvincredit7000 The dollar is used merely as a reference value currency. It's use is nominal and not real or virtual if you wish. In this scheme both the Russian and Chinese central banks replace the US federal reserve in setting rates, they can choose to shadow US rates, under pace or outpace US rates. Why is this important against a straight currency swap? Because commodities, which Russia sells, are priced in dollars and the Chinese Yuan is not fully convertible as it does not permit unrestricted money flows inwards and outbound to balance trade relationships causing China to build huge dollar reserves. The Chinese require these reserves for confidence, but it doesn't stop them "shadowing" the dollar through a secondary instrument - for trade with Russia and others, at the same time using their actual dollar reserves as collateral to enable confidence overall. The confidence in such an instrument would be enhanced by the transaction trust it enables over time, and the instruments are interest bearing and can be traded. I'm not prescribing a non-capitalist system, but I consider US dollar and sanctions policy to have reached a point where it has become oppressive.
Those are not global economic crisis, those are special economical operations as they say about sanctions against Russia. So now harvest what you seeded.
The question is not "could" prices are already skyrocketing and economy is dangerously on nosedive where I am thousands of miles away from ground zero. Thanks to war of senseless sanctions. Scary and sad !
FIAT, Crypto or Gold take your pick.....as long as the other takes it as payment then its works...Bitcoin/Crypto is way to uncontrolled but digital Yuan / Ruble is possible but rule out Bitcoin for Russia/China..
Countries like Afghanistan that import the vast majority of their food and have an internationally unrecognized government will suffer the most 💔 The US, at the very least, should release all of the money it holds on behalf of the Afghan people rather than giving half of it to 9/11 families as Biden has chosen to do.
Fk outta here. Those money belong to us, yall delusional fk. U.S pour trillion of aid into Afghanistan. The president and corrupt people stole billions and then turn around and deposited to the USA and now that money is your? Thief have better moral code than Afghan people.
U.S doesn't have any right to steal the money from poor Afganastanian! One country has such power over another entity's property without any justification, that shakes the fundamental of capitalism. That is stealing!
@@Mimi-uz2yg total nonsense you speak..that money is US tax payer's money that was sent to help Afghanistan and corrupt politicians stole it...what did Afghanistan produced and exported to the world to earn that money that you speak of...
Sanction can be easily overthrown with nuclear sanctions anytime and in a couple of minutes when you deal with sanctions against a nuclear superpower. We are all lucky that Russia prepares in advance his way to continue his economy even with our so powerful sanction otherwise surely London was already disappeared from the earth.
i think we’re lucky russians are not that evil. we saw how they back away from prostestors in ukraine in a middle of a war. i dont think they will launch nukes, they even dismantle soviet union. there will no nuclear war, dont worry.
He wants to drum up this narrative of American decline so badly. The simple fact is America is just as powerful as ever and it’s reach can’t be avoided just yet.
Sooner or later the west currency will go down due to overusing the section. Can you imagine what India and china and Middle East are thinking just to move the dollar away slowly.
*Economic growth doesn't mean anything if it leave people out. Jobs will pay your bills, business will make you rich but Investment make and keeps you healthy*
HH the Amir Sheikh Tamim bin Hamad Al-Thani met on Monday morning at Sheikh Abdullah bin Jassim Majlis at the Amiri Diwan with Governor General of Canada Mary Simon and the accompanying delegation on the occasion of her visit to the country. During the meeting, they reviewed bilateral relations between the two friendly countries and ways of enhancing them in various fields, in addition to the most prominent regional and international developments of common interest.
US has never locked people/country out of financial system before, Russian aggression needs to be countered. The international community should be thanking US & Europe for stepping up again to resolve global dysfunction when most countries are useless.
So your 'international community' didn't count 5 billion people of China, India, Africa, Arab combined. What left, 3 billion people. International community. Hilarious 😂
You want the world to thank the US, when the US is shamelessly begging Venezuela & Saudi Arabia for oil because it can't stand the pain of its own sanctions on Russian oil + gas.
How many countries are on the US sanction list? Putting all of them together, they can establish an extremely large trade block entirely bypassing the SWIFT & USD. Russia saw it coming, and China is working toward it. It's not a matter of if, it's when.
Who wants to join a trading block with North Korea and other nations likely to default on loans and other payments? Noone. They'll do it but it will be a minimum benefit proposition.
@@joythought As per Investopedia: list of countries sanctioned by the US: Afghanistan, the Balkans, Belarus, Burma, Central African Republic, Cuba, Democratic Republic of Congo, Ethiopia, Hong Kong, Iran, Iraq, Lebanon, Libya, Mali, Nicaragua, North Korea, Russia, Somalia, Sudan, South Sudan, Syria, Ukraine, Venezuela, Yemen, and Zimbabwe. China is already invested in most if not all of them. There are other countries that are not on the list but wary of potential US sanctions that may well join the trading block as well. And speaking of defaulting on loans, anyone who's had Econ 101 knows that the way the US Federal Reserve has been printing money, it may as well be defaulting on loans.
yes this guy what hes saying i dont buy it this just propaganda, moving like its impossible and being dismissive, when people could find another they would try
The reporter didn't seem very open to his guest Timothy Ash's opinion. The reporter seemed like he was really REALLY trying push his opinion on his guest. I very much dislike seeing interviewers like him, everybody is entitled to their own opinions. If you are an interviewer in his position maybe that should teach you to investigate possible guests in the future a bit better that way the interview will go along the lines that they wished.
That's because AJ have their own biases, which influence their narrative when reporting. The Middle-East would prefer that Russia is able to avoid Western sanctions, China chooses to ignore them and the USD loses its position as the international reserve currency, so the interviewer was reluctant to accept Ash's view that none of these are happening.
Whether Russia suffers hardships or not, but the Brit economist's (Timothy) arrogance and superiority complex is unparalleled. Terrible. Did you hear the way he says the word "Western"?
@@deborahdean8867 Really? Before he invaded, no NATO troops near Russian border. Now? NATO troops move into Estonia, Latvia, Lithuania, all of them directly bordering Russia. Mission failed, putin!
@@Ramschat yes, REALLY. And do you know what Biden and zelensky are doing? Inciting Russia as a EXCUSE to impose sanctions on Russian gas. That's why people are acting so seemingly irrationally
@@michaelcrossley4716 i dont think that is the case you will all be hit real hard for bidens daft politics, the world is weaning off the dollar its had its day, your counrty has flowerd mate time to think about gold not dollars
USA sends more bullets, machine gun to Ukraine. It is clearly an act to prolong war because USA did this after imposing sanction to Russia. No work towards ceasefire by USA.
tipical american. After being asked 2 times about the future confidance on the dollar, the man continues saying that the dollar is still king. short term only, totally uncapable to think 2 steps ahead.
Typical pretentious woman... It's "typical" not "tipical", "confidence" not "confidance" and it's "incapable" not "uncapable". My gawd woman, 8yr old americans have a better grasp on spelling than you. At least make an attempt to get your english correct when you're being a condescending xenophobe that's incapable of thinking 1 step ahead. As an aside grandma, quit with the makeup and plucking off your eyebrows just to paint them back on, you look like a clown. You can put as much paint on an old beat up barn as you want to, but it's still an old beat up barn.
These central bank sactions have resulted in loss of faith in international system & dollar, whatever they may say now, u will find more cuntry to country barter system to exclude use of Dollar as intermiditeary n hence need to keep large sums in dollars in other countries
@@paulsonsons425 north cyprus. even cooking oil for some funny reason has gone up. by public transport, i mean from one town to another which is about 45 - 50 minute drive.
*Timothy Ash works for Blue Bay Asset Management who manages Assets in Dollars. Obvious why his views and opinions are rather screwed and much in favour of Dollars.*
*Are Crypto currencies really profitable, actually I was thinking of going into stock or index fund but I heard that the crypto is very easy to access and make fast money. Please can I get a response from anyone concerning my question, I'm pretty confused here.*
EU rush to support the economy...Finland was very close of bankruptcy in 1992 and now we just stopped trading with our second biggest trade partner ! There is no second Nokia nor does this situation yield any market share. Finland gov increased fuel tax before and self created more inflation then there already was due bad central bank policy from the US FED & ECB . Eu is in grip of climate hysteria that plans to kill the industry and end energy sector so yes there is stagflation and it will get much worse.
Economics "the dismal science"... No orthodox economist really knows how to make ordinary people's lives better while the rich get richer...all doom and gloom for them...
People here on this side of the pond are feeling the gas prices hurting. Then the fear of food prices and consumer prices going up. We all know after the 2008 economy crash that once the food prices and consumer prices go up, they don't come back down. Which in turn means companies will be laying people off. This country hasn't regained its employment status since covid hit. There are people who are under paid and or has quit working all together. The poor are getting poorer. The middle class is becoming poor, and the rich, well they're getting richer. If you look at the data, this war is making the U.S. a lot of money and the rich are using these circumstances to inflate their own pockets. When sanctions first hit. Biden told the energy companies not to use this as a reason for price gouging. Then turned around and told the American people to get ready for prices to go up and to brace for prices to keep rising. Right now, there are a lot of Americans who are upset with sending humanitarian aid and weapons to Ukraine. They would rather see that money stay here to help those in need here. People who are working are working longer hours with no benefits for it. Prices are going up. All except the working persons paycheck.
And did you know that Congress, at lightning speed , voted to SCRAP 15 billion in covid recovery money and send 14 billion to zelensky instead? It was only mentioned in one article I read. US media is totally government controlled. NO COVID MONEY FOR AMERICA, MORE BOMBS TO UKRAINE
Which people he mean don't wanna do business with Russia . There are so many countries still do business with Russia and will do . Is like he deliveredly undermine Russian economy .
"Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation." ― Murray N. Rothbard (1926-1995)
i hate to say this but it might be true. that crazy guy trump may pursue peaceful compromise between russia and ukraine before russia invade. he will benefit financially offcourse.
Your headline ,could Ukraine plunge the global economy into a recession?,should the focus be on the invader would this not be the cause not the one defending itself
African is going to be fine thank you very much. It's Europe that you should be worried about. Have you not learnt anything from your doomsday prediction of covid 19 on Africa?
No not the global economy but the western and pro western economies face this crisis. Eastern powers are building their economies independent from the US petroDollar system. So no, don’t worry.
Financial collapse like 2008 will take care of speculation in commodity markets and wipe out much of the inflated value in asset markets taking away wealth of oligarchs across the globe.
Because we still haven't dealt with the climate crisis, and still using oil and gas when we should have 100% clean energy by now, this means we have the Ukraine War and energy inflation; all this means we will never be out of a global economic crisis, as food and clean water becomes less available and societies collapse because of it.
Despite the economic crisis, this is still a good time to invest in Gold and crypto Investing in different streams of income in other not to depend on government for funds and avoid all the chitchat about the inflation.
Wow I know Expert Samuel Jeff . I met him at a conference in The Dome at America’s center Life 2016 where he introduced us his business strategy, he helped me cover my Loans
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🇨🇦Hello ,I'm a newbie in crypto,, what's the best way to get started with trade cos I've been makiy my personal research for a while now
Have you heard about expert Mrs Sharon
No doubt.... There are quite a few sincere expert though
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I don't think only Russia will be effected economically by this war, but all the world
Not in India 🙆 we are enjoy the war support Russia 🇮🇳🇷🇺💪✌️
Except China
We end up sanctioned ourselves?
@@jk21nola91 no , we allowed our puppets to roll over for the American war machine
@@mysteryhindi9402 peaceful sanata dharma
Since when do Americans have lots of savings?? I’ve never seen more people struggling here just to make ends meet
No John... Americans are struggling with maintaining excess... People in 1st world nations have no concept of what really being poor is... I'm Canadian, born, raised and financially secure... but I've been where my family comes from... no running water, intermintent electricity, no refrigeration, dirt floor, no radio, no TV, very little meat products... Yup China in the late 70's... People in the west can't make ends meet cause of things like 2nd car for 1 person, or that house that stopped being shelter and more status... excess in consumption is what we struggle with...
@@dickieloo2544 support your theory there mate
@@dickieloo2544 ignoringthe rising homeless people in usa. sighhh
Americans have debt over their head - not even 3 future generation could repay it - so what savings do we have??? This guy is nuts!
@@DJ-nk4dq lol they will just print more stimulus cheques, nothing like a good war for distraction
And yet Billionaires will get richer
In Punjab, India, regarding discpline, there's a saying that a child behaves for fear of being slapped (Westerners may relate to caning). But once you slap him/her, he / she couldn't care less. Turns out, it's not as bad as feared. US sanctions on Russia over last decade and now the N option of barring them from SWIFT will produce similar of contesting the Bretton Woods Systems as it does not look after their security and interests. Americans seem to have expedited the end of American Empire by overusing sanctions unnecessarily out of sheer bellicosity and stupidity
Bellicose. Bellicosity. Vocabulary. Verbosity.
🧠💪
Don't know if I agree but interesting take for sure
So you called sanctions against putang/Russia overuse of sanctions...so it is OK for a bigger and more powerful country to just invade its neighbor and take over it's weaker neighbor's land and kill it's people and destroy it'sinfrastructure. ...so it would be fine for the Chinese to go in with big guns and take over parts of India 🇮🇳 and also for Pakistan 🇵🇰 to do the same and destroy infrastructure in India and then the world just look the other way
@@stagg2158 Dear Sir, you can't mislead me by incorrect comparisons. Ukraine War is the result of US/NATO dynamics over last 3 decades, not a fallot of Indo- China relations or Indo-Pak disagreements. When pushed beyond a point, where one party consider the others actions an existential threat, one will fight, there's no option. If Chinese push India beyond a Red Line, there'll be blowback, that's they do Salami slicing. In your context, NATO too has been doing Salami Slicing and reaching Russian borders with their MRBMs. The Russians consider it an existential threat. YOU ARE RIGHT, no country can, must destroy another. Then why have you guys been pushing Russia all these years? You think they are going to wait for you to walk into Moscow and arrange a Purple Revolution there? Russians don't think so. This has nothing to do with Asia, it's Western Hegemony Overreach colloding with Russian security depth. Dear Sir, NOTHING JUST HAPPENS, EVERYTHING HAS A CAUSE. IN I DIA WE SAY, YOU CAN'T SOW WILD SEEDS BUT EXPECT A CROP OF MANGOES.
@@spsparhar ur accusations and comparisons are totally wrong...not to worry India's turn will come and they will need our support ...let's see how you feel when we make excuses for the aggressors of India ...
The British expert downplays the threat to the dollar because he's looking at it from the point of view of currency dominance, or a currency entirely replacing the dollar. That's not how it practically happens, what occurs first is a fragmentation in the dollars pre-eminence either geographically or by product or commodity groupings.
Reducing dollar dominance first requires a geographical area to begin trading outside the dollar system or a set of commodities being priced and traded outside the dollar system. For the former, almost like a regional reserve currency. In such circumstances the dollar sees a regional erosion of its influence.
Anyway an important road block is the lack of imaginative financial thinking by both Russia and China. Choosing to engage in their trade using direct currency transactions. Instead, they need to give confidence to trade and financial players, and the only way to do this is through introducing 'shadow' dollar financial notes for trade transactions or Trade Exchange Notes (TEN).
How will this work? Simple, the Russian central bank issues Rouble-Dollar notes at prevailing market exchange rates or even at a fixed rate if inflationary concerns need to be addressed. The people's bank of China (PBOC) in turn issues Yuan-Dollar notes at prevailing market rates or at fixed rates, the latter if the intention is to speed up trade growth.
These notes would provide (registered?) holders with a dollar interest rate return equivalent to prevailing US federal reserve rates.
When an oil company in Russia sells oil (say @$120/barrel) to a Chinese entity, that Chinese entity would send a payment in ($120 equivalent) Yuan to the PBOC, the PBOC would send payment in ($120) Yuan-Dollar notes to the Central Bank of Russia which would then issue ($120 equivalent) rouble payments to the oil company.
When a Russian electronics goods wholesaler buys Chinese goods, the wholesaler would pay for the goods in rouble through his local bank which would then obtain Rouble-Dollar notes from the market to send to the supplier's bank or from the Central Bank of Russia to send to the PBOC who would then pay the electronic goods supplier in Yuan.
Once a year, the balances of Rouble-Dollar and Yuan-Dollar notes are reconciled and the balances determined with interest due paid, if Russia is in deficit it can adjust its 'on the face' Rouble-Dollar exchange rate downwards or interest rates on the notes upwards or even clear its deficit transaction in actual foreign currency or gold.
The price and rate movements of these notes would serve as a means by which commercial investors (banks, financial companies) can buy-in to boost earnings. And a onshore/offshore market to trade these notes can be initiated. Chinese banks would be able to invest their savers deposits in Yuan-Dollar notes and Russian banks would do the same in Rouble-Dollar.
Similarly, China can adjust the 'on the face' value and interest of its Yuan-Dollar.
In fact such an instrument can also be used outside the Russia-China trading nexus. Iran for instance may want to buy weapons from Russia. It can use the Yuan-dollar it earns on oil transactions with China as payment to weapons manufacturers in Russia. Same also Venezuela, and if expanded internationally it would allow China to control the money supply and remove the need to maintain high reserve balances at pitiful interest at the US federal reserve.
Most importantly, it would eliminate any threat from the US office of foreign asset control (OFAC). These transactions would not fall under the issued dollar transaction of the United States, they would not be subject to US regulation, enquiry or knowledge. The US would have zero knowledge of the parties transacting, and even if it did, these transactions would not breach its financial sanctions regime.
Anything less, and China-Russia are fooling themselves because current Yuan financial restrictions would hobble any trade, and Russia wanting to be paid in euros for oil and commodities would also hobble any trade. For Russia, that means crippling inflation and for China it means the continuance of being beholden to US blackmail and threats.
Oh... a final word of advice, never seek advice from an Englishman when he has his own axe to grind.
Any power that's not a status quo power must be looking at alternatives to the dollar system. Anything other than that means accepting US hegemony. This is ok for Europe, although France and Germany may chaff occasionally. However for the great powers like Russia and China, this is not an option longterm. Our future is the balkenisation of the global financial system, trading and energy blocks, and increased security competition in East Asia and eastern Europe.
@ j a. The system you describe was and still is present today. Europe consolidated to the euro from the french franc, italian lira and german deutch mark among other currencies. Why use the dollar as part of the rouble/yuan currency exchange? They can exchange their currencies now without the dollar at all if they want to between themselves. The whole problem with the system you describe IS CONFIDENCE, much as you may dislike the dollar and the usa(america), do you really want to put yourself under the same currency control, only with the RUSSIAN/CHINESE GOVERNMENTS IN CONTROL(confidence)? Really no one does. Just like capitalism, it may be a terrible system, but it is the best one compared TO ALL THE OTHERS, just ask the chinese or russians!!!!
@@alvincredit7000 The dollar is used merely as a reference value currency. It's use is nominal and not real or virtual if you wish. In this scheme both the Russian and Chinese central banks replace the US federal reserve in setting rates, they can choose to shadow US rates, under pace or outpace US rates.
Why is this important against a straight currency swap? Because commodities, which Russia sells, are priced in dollars and the Chinese Yuan is not fully convertible as it does not permit unrestricted money flows inwards and outbound to balance trade relationships causing China to build huge dollar reserves.
The Chinese require these reserves for confidence, but it doesn't stop them "shadowing" the dollar through a secondary instrument - for trade with Russia and others, at the same time using their actual dollar reserves as collateral to enable confidence overall.
The confidence in such an instrument would be enhanced by the transaction trust it enables over time, and the instruments are interest bearing and can be traded.
I'm not prescribing a non-capitalist system, but I consider US dollar and sanctions policy to have reached a point where it has become oppressive.
This is a comments section not a Thesis section...how many are going to read all that??
In Civilizations & Nature Scales Of Healthy Environments Their Are Multitudes Of Balances For Intelligence
Why does NATO exist ? Against which military alliance?
You keep poking countries in the eye and some will hit back.
Those are not global economic crisis, those are special economical operations as they say about sanctions against Russia. So now harvest what you seeded.
Support Russia from India 🇷🇺🇮🇳💪✌️🙆
yes india is a market mover,screw america
Support Russia from Africa. Will emerge strong and ferce. Don't pork the bear.
The world 🌎 is in trouble we all know that it's going to be a depression
The question is not "could" prices are already skyrocketing and economy is dangerously on nosedive where I am thousands of miles away from ground zero. Thanks to war of senseless sanctions. Scary and sad !
FIAT, Crypto or Gold take your pick.....as long as the other takes it as payment then its works...Bitcoin/Crypto is way to uncontrolled but digital Yuan / Ruble is possible but rule out Bitcoin for Russia/China..
GREAT RUSSIA 🇷🇺 👏 👍
Doesn't affect me any, I learned to live without money years ago. Earth provides for my needs, not paper with someone's face on it.
How ?
Pls advise
@@prashpatel6436 I'm recorseful
Who is this guy he doesn’t sound British at all
Countries like Afghanistan that import the vast majority of their food and have an internationally unrecognized government will suffer the most 💔 The US, at the very least, should release all of the money it holds on behalf of the Afghan people rather than giving half of it to 9/11 families as Biden has chosen to do.
Fk outta here. Those money belong to us, yall delusional fk. U.S pour trillion of aid into Afghanistan. The president and corrupt people stole billions and then turn around and deposited to the USA and now that money is your? Thief have better moral code than Afghan people.
U.S doesn't have any right to steal the money from poor Afganastanian! One country has such power over another entity's property without any justification, that shakes the fundamental of capitalism. That is stealing!
@@Mimi-uz2yg total nonsense you speak..that money is US tax payer's money that was sent to help Afghanistan and corrupt politicians stole it...what did Afghanistan produced and exported to the world to earn that money that you speak of...
That was Aid money from the US Taxpayer. Why is the Taliban entitled to US Taxpayer money? Do you give handouts to your enemies?
Sanction can be easily overthrown with nuclear sanctions anytime and in a couple of minutes when you deal with sanctions against a nuclear superpower. We are all lucky that Russia prepares in advance his way to continue his economy even with our so powerful sanction otherwise surely London was already disappeared from the earth.
Yeah look, Russia isn’t nuking anyone who have their own nukes that they can launch back.
@@mudshovel289 Yeah, that is quickly becomeing our new reality.
Sad days for nonnuclear countries
i think we’re lucky russians are not that evil. we saw how they back away from prostestors in ukraine in a middle of a war. i dont think they will launch nukes, they even dismantle soviet union. there will no nuclear war, dont worry.
@@mudshovel289 unless they are pushed into a corner and decided to die alongside the whole world.
No.
I just buy a put or a bear call spread on russian products still remember my old stock market classes in Salt Lake City
He wants to drum up this narrative of American decline so badly. The simple fact is America is just as powerful as ever and it’s reach can’t be avoided just yet.
A thin shell. Both military and dollar overextended and inflated
,,,, I meant for the ad
“Special Economic Operations “. Not sanctions.
Will they take the crypto currency DOGELON MARS as payment?
Sooner or later the west currency will go down due to overusing the section. Can you imagine what India and china and Middle East are thinking just to move the dollar away slowly.
So let them...no one is stopping them...what do you mean by the west overusing the section any way 🤔
good show, he is a good interviewer.
✌️ A dollar at 30 rubles is not profitable for us. We need a ruble at 30 dollars.🤓
Everyone commenting here seems to know what will happen to the global economy because of this war.
Countries need to stop replying on European euphoria and panic solutions, get independent from the European's Insecurities towards technology and life
Why is the market rallying for the last 2 week? What's the logic? Truly irrational
YU ARE MSM
How many children do Putin have? And what are the names of his children? *I will give $500 to the person who gives a correct answer*
because that solves the economic problem, ends the war in ukraine and brings back everybody that died?!
US and EU sanctions not Ukraine war
*Economic growth doesn't mean anything if it leave people out. Jobs will pay your bills, business will make you rich but Investment make and keeps you healthy*
🙏🏻🌾SATNAM SRI WAHEGURU JI 🌾🙏🏻
HH the Amir Sheikh Tamim bin Hamad Al-Thani met on Monday morning at Sheikh Abdullah bin Jassim Majlis at the Amiri Diwan with Governor General of Canada Mary Simon and the accompanying delegation on the occasion of her visit to the country.
During the meeting, they reviewed bilateral relations between the two friendly countries and ways of enhancing them in various fields, in addition to the most prominent regional and international developments of common interest.
How come you invite this mediocre “ Mr. Ma be”...
No. Russia's economy is not that large to be a crisis for the World.
but an excuse to make a quick buck.
yes but tha't very importent to the global aconomy.
Time for people to become and live as Biblical Christians.
Russian reserves which have been frozen should first be used to rebuild Ukraine and compensate Ukrainian people for their losses and suffering
Did Ukraine rebuild Iraq?
@@marynamalitskaya3534 did Ukraine fight in Iraq?
@@DSandy111 yes, of course.
US has never locked people/country out of financial system before, Russian aggression needs to be countered. The international community should be thanking US & Europe for stepping up again to resolve global dysfunction when most countries are useless.
So your 'international community' didn't count 5 billion people of China, India, Africa, Arab combined. What left, 3 billion people. International community. Hilarious 😂
You want the world to thank the US, when the US is shamelessly begging Venezuela & Saudi Arabia for oil because it can't stand the pain of its own sanctions on Russian oil + gas.
@@kkhalifah1019 haha. Even Biden talked with Xi and Xi replied democracy is not the future. What a slap in the face 😔
Wow other countries are really useless
Ha ha ha . US talk about misinformation. This guy example of it .
Kaptan imran Khan 👉😎 is a powerful Leader in the world . Nobody can Undo pak at all 💪 .
Imran khan himself is trying to delete Pak🥴
What do you mean "could" it is. And next winter lots of poor people will starve from lack of wheat.
How many countries are on the US sanction list? Putting all of them together, they can establish an extremely large trade block entirely bypassing the SWIFT & USD. Russia saw it coming, and China is working toward it. It's not a matter of if, it's when.
Who wants to join a trading block with North Korea and other nations likely to default on loans and other payments? Noone. They'll do it but it will be a minimum benefit proposition.
@@joythought As per Investopedia: list of countries sanctioned by the US: Afghanistan, the Balkans, Belarus, Burma, Central African Republic, Cuba, Democratic Republic of Congo, Ethiopia, Hong Kong, Iran, Iraq, Lebanon, Libya, Mali, Nicaragua, North Korea, Russia, Somalia, Sudan, South Sudan, Syria, Ukraine, Venezuela, Yemen, and Zimbabwe. China is already invested in most if not all of them. There are other countries that are not on the list but wary of potential US sanctions that may well join the trading block as well. And speaking of defaulting on loans, anyone who's had Econ 101 knows that the way the US Federal Reserve has been printing money, it may as well be defaulting on loans.
yes this guy what hes saying i dont buy it this just propaganda, moving like its impossible and being dismissive, when people could find another they would try
The economic powerhouses that are Iran, Cuba, North Korea and Russia will rule the world
@@cravingtuna1561 Cuba and North Korea are not economic powerhouses
This is the second phase of the great reset
The reporter didn't seem very open to his guest Timothy Ash's opinion. The reporter seemed like he was really REALLY trying push his opinion on his guest. I very much dislike seeing interviewers like him, everybody is entitled to their own opinions. If you are an interviewer in his position maybe that should teach you to investigate possible guests in the future a bit better that way the interview will go along the lines that they wished.
That's because AJ have their own biases, which influence their narrative when reporting.
The Middle-East would prefer that Russia is able to avoid Western sanctions, China chooses to ignore them and the USD loses its position as the international reserve currency, so the interviewer was reluctant to accept Ash's view that none of these are happening.
Whether Russia suffers hardships or not, but the Brit economist's (Timothy) arrogance and superiority complex is unparalleled. Terrible. Did you hear the way he says the word "Western"?
He is completely delusional .. he shud worry about tonnes of homeless in Britain ..
Listening to a Brit talking about ethics makes my skin crawl
This guys funny. He's trying so hard to talk up crypto but hearing what he wants
@lesia gutierrez putin is keeping NATO missiles and soldiers off his border.
@@deborahdean8867 Really? Before he invaded, no NATO troops near Russian border. Now? NATO troops move into Estonia, Latvia, Lithuania, all of them directly bordering Russia.
Mission failed, putin!
@@Ramschat yes, REALLY. And do you know what Biden and zelensky are doing? Inciting Russia as a EXCUSE to impose sanctions on Russian gas. That's why people are acting so seemingly irrationally
@@Ramschat it was about Ukraine JOINING NATO. Not NATO being in Ukraine. NATO cant go into a non member country
@@deborahdean8867 Thanks, captain obvious. We all know that.
Europe and America are already in a very deep and dangerous economic crisis.
If the US is in an economic crisis, then the whole world is. The US will feel less of the pain though.
@@michaelcrossley4716 have you seen inflation rates in the US? What do you think that will have on the the American consumer.
@@michaelcrossley4716 i dont think that is the case you will all be hit real hard for bidens daft politics, the world is weaning off the dollar its had its day, your counrty has flowerd mate time to think about gold not dollars
The problems is not war but those so colled sanctions
China is well organised.
Many countries moved away from the USA dollar, some time ago, and have been trading in different currency's for some time .
Incorrect.
Currently the US dollar is the most dealt currency in the world, Followed by the Euro.
Who is profiting from this war so far ? what country's have taken in the least amount of refugees , USA uk
USA sends more bullets, machine gun to Ukraine. It is clearly an act to prolong war because USA did this after imposing sanction to Russia. No work towards ceasefire by USA.
UK was first to scream 'bad Russia' and promise weapons and money. .... just as boris Johnson was about to be thrown out of parliament
Not the Ukraine crisis itself, but the USA’s reckless, immature and dangerous response!
Lol US consumers have lost of savings
Giving the choice between money or my southern border?
That's their plan.
tipical american. After being asked 2 times about the future confidance on the dollar, the man continues saying that the dollar is still king. short term only, totally uncapable to think 2 steps ahead.
Typical pretentious woman...
It's "typical" not "tipical", "confidence" not "confidance" and it's "incapable" not "uncapable".
My gawd woman, 8yr old americans have a better grasp on spelling than you. At least make an attempt to get your english correct when you're being a condescending xenophobe that's incapable of thinking 1 step ahead.
As an aside grandma, quit with the makeup and plucking off your eyebrows just to paint them back on, you look like a clown. You can put as much paint on an old beat up barn as you want to, but it's still an old beat up barn.
@@nomadiclapse it's trying to type on s tiny touch screen phone and spell check
These central bank sactions have resulted in loss of faith in international system & dollar, whatever they may say now, u will find more cuntry to country barter system to exclude use of Dollar as intermiditeary n hence need to keep large sums in dollars in other countries
Ukraine was the one supplying everything to world. Lol
Ukraine doesn't have economy , nor industry , or resources
Ukraine supplies a large amount of wheat and sunflower seeds.
Well the price of public transportation this week has gone up here... from $4 to about $12 so yeah...
It hasnt changed in Russia
@@paulsonsons425 north cyprus. even cooking oil for some funny reason has gone up. by public transport, i mean from one town to another which is about 45 - 50 minute drive.
@@ИринаЛукьяненко-ь3ъ its cause you produce oil...
*Timothy Ash works for Blue Bay Asset Management who manages Assets in Dollars. Obvious why his views and opinions are rather screwed and much in favour of Dollars.*
Mr Timothy its full of sh....
Its super stuck up...
*Are Crypto currencies really profitable, actually I was thinking of going into stock or index fund but I heard that the crypto is very easy to access and make fast money. Please can I get a response from anyone concerning my question, I'm pretty confused here.*
The West will be at Risk 100% Thank You 21/3/2022 .
EU rush to support the economy...Finland was very close of bankruptcy in 1992 and now we just stopped trading with our second biggest trade partner !
There is no second Nokia nor does this situation yield any market share. Finland gov increased fuel tax before and self created more inflation then there already was due bad central bank policy from the US FED & ECB . Eu is in grip of climate hysteria that plans to kill the industry and end energy sector so yes there is stagflation and it will get much worse.
No, shale will not be coming to the rescue this time around.
Economics "the dismal science"...
No orthodox economist really knows how to make ordinary people's lives better while the rich get richer...all doom and gloom for them...
it wasn't even him talking 💀
No
I HAVE NO INCOME SINCE LAST 12 YEARS . ( BELOW POVERTY LINE ) . NO EMPLOYMENT . 😂
PEACEFUL AND UNITE WORLD . INSHALLAH , AMEN .
🇮🇳
This chutiyaa puts Indian flag after every irrelevant post 🤣😂
it already has
Inflation more on high cost
This type of discussion, i like very much
Kaia looks like AI.
Forget money gold is going to be the currency
Intro music is absolute chops bro I can’t even focus without hitting me leg maybe turn it down or turn it up lol
Hope it dose
People here on this side of the pond are feeling the gas prices hurting. Then the fear of food prices and consumer prices going up.
We all know after the 2008 economy crash that once the food prices and consumer prices go up, they don't come back down.
Which in turn means companies will be laying people off. This country hasn't regained its employment status since covid hit.
There are people who are under paid and or has quit working all together.
The poor are getting poorer. The middle class is becoming poor, and the rich, well they're getting richer.
If you look at the data, this war is making the U.S. a lot of money and the rich are using these circumstances to inflate their own pockets.
When sanctions first hit. Biden told the energy companies not to use this as a reason for price gouging. Then turned around and told the American people to get ready for prices to go up and to brace for prices to keep rising.
Right now, there are a lot of Americans who are upset with sending humanitarian aid and weapons to Ukraine. They would rather see that money stay here to help those in need here.
People who are working are working longer hours with no benefits for it. Prices are going up. All except the working persons paycheck.
Nice try Russian bot
@@nathontailor1352 USA bot?
Who's the bot?
And did you know that Congress, at lightning speed , voted to SCRAP 15 billion in covid recovery money and send 14 billion to zelensky instead? It was only mentioned in one article I read. US media is totally government controlled. NO COVID MONEY FOR AMERICA, MORE BOMBS TO UKRAINE
Which people he mean don't wanna do business with Russia . There are so many countries still do business with Russia and will do . Is like he deliveredly undermine Russian economy .
😁😁AFTER IRAQ INVASION EVEN US PUT WHOLE WORLD ECONOMY IN DOWNTURN SO Y CANT RUSSIA😁😁😁
"Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation."
― Murray N. Rothbard (1926-1995)
Let's hope so.
With Trump this war would never have happened at the least. This was also true with the Afghanistan withdrawal.
i hate to say this but it might be true. that crazy guy trump may pursue peaceful compromise between russia and ukraine before russia invade. he will benefit financially offcourse.
Now or later...the machine will fail...some will suffer sooner...some will pretend they will escape...but lack of food and water
what if poor people are trying to store their wealth in crypto in Ukraine or russia....and due to oligarchs, the west and eu make them suffer ...
russia has wheat, oil and gas...let see how and when russians would get starved...
The opinions of liars and idiots don't really matter all that much.
People are now concerned about their savings in USD. Who would blame them.
Your headline ,could Ukraine plunge the global economy into a recession?,should the focus be on the invader would this not be the cause not the one defending itself
you cant stop bitcoin
“The US dollar is still King” 😂 Yuan: Hold My Beer
Indeed 😆
Lol. Don't overestimate our economy. What's the saying, we spend money like drunken sailors?
African is going to be fine thank you very much. It's Europe that you should be worried about. Have you not learnt anything from your doomsday prediction of covid 19 on Africa?
High inflation
America need opec and opec is fed up of America
Think about that
Do we need opec? Hahaha!
Zelensky already fled to US embassy in Poland ,🤭
they haven't seen him dancing on the streets yet
@@olivier8264 he wont go in the street will he because hes not in ukraine
No not the global economy but the western and pro western economies face this crisis. Eastern powers are building their economies independent from the US petroDollar system. So no, don’t worry.
Okay! Good luck to the Eastern powers 😄
Financial collapse like 2008 will take care of speculation in commodity markets and wipe out much of the inflated value in asset markets taking away wealth of oligarchs across the globe.
Because we still haven't dealt with the climate crisis, and still using oil and gas when we should have 100% clean energy by now, this means we have the Ukraine War and energy inflation; all this means we will never be out of a global economic crisis, as food and clean water becomes less available and societies collapse because of it.
Despite the economic crisis, this is still a good time to invest in Gold and crypto Investing in different streams of income in other not to depend on government for funds and avoid all the chitchat about the inflation.
Interesting. I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it, any reasonable idea?
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