Why the U.S. Dollar Remains Strong | WSJ
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- Опубліковано 20 сер 2020
- Despite many pundits predicting that the U.S. dollar would lose its global dominance, the coronavirus pandemic has only served to demonstrate how vital it remains to the international financial system. WSJ explains why this isn’t the first crisis to do so. Photo: Scott Eells/Bloomberg
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Gold dollar--oil dollar--debt dollar
you missed one important element!! War Dollar
it not usa gold... usa just basically a safe from og country... that hwy us dollar survived.. all that shittyness
campkira dollar in the past is dirrctly linked to gold, and other currencies is linked to dollar
In Argentina we are suffering the second highest inflation rate after Venezuela (+53%), and we’ve suffered 9 economic defoults. Our currency sucks and that’s why literally everyone tries to save up money in US dollars!
^
you should be saving up gold and silver, and maybe crypto instead. The US dollar is very close to hyper inflation.
Your level of ignorance is fascinating.
Gaddafi tried to move away from the dollar, look at what happened to him.
Yes, a good example. Read 'Confessions of an Economic Hit Man' by John Perkins for more examples.
They killed him!
🤣🤣🤣
Jazz we though you'd guessed
And Sadam Hussein threatened to trade oil for Euros or gold in lieu of USD. Then he got a knock on his door from US troops
What they are trying to say is: Please ignore that the money printer goes BRRRRRRRR
@@zhaohong1972 china bot
Speaking of which, China and other nations are so long tired of USA over their printing out an estimated five hundred billion dollars, ($500 BILLIONS) worth of FREE DOLLAR BILLS, and dumping them into global currency and banking market EVERY YEAR. Since U.S dollar being a global currency, USA is taking advantage as much it can, obviously so.
Web site with 4 million views says it all at, blog.chinadaily.com.cn/forum.php?mod=viewthread&tid=1795128
The US with 1000 printers in the background: So we can print more?
As long as United States of America has this overwhelming naval superiority all over the globe, US Dollar or petro-dollar isn't going anywhere.
Same holds for the Roman Empire.
This is true. But how well do you think Merica will hold is Naval Power during a Civil Revolution?
Sebastian K
No! It’s not. It’s totally different.
The Roman Empire has been debasing the purity of their silver in their coinage (caused by corruption) which was one of the factors for their split into Eastern and Western halves.
@@chrisklugh National guard is a thing, chances are civil soldiers won't have ships so the actual military wont be heavily involved.
In ten years people are gonna be like China...
Mike Maloney has entered the chat
First the girl didn't understand the difference between money and currency....
Paper money eventually returns to its intrinsic value, Zero ~ Voltaire
007phokus 250 years after his death and it’s still not happening
@@diegojaure Be patient. Not in this lifetime.
The price is just gorgeous at 1:54.
Could you please share the store?
great video
Good video
been the 60% of the global currency,.. i mean what are we even doubting about,..
The dollar is history now.
@@MrKAmsterdam Why?
@@LukeAdamMiller MONEY PRINTER GO BRRRRRRRR !!!
@@Garfield-qi2ew Yeah, but are you talking about devaluation of the dollar, or the dollar no longer being used as the reserve currency for the rest of the world? Those are two different things. They're not necessarily mutually exclusive, but they don't necessarily have to both happen either.
Well even if it's a lot it already a big decline from 20 years ago
I didn't learn a single new thing from this video. These are becoming more like CNBC youtube videos where there's more fluff than substance
Exactly what I was telling myself.
I already knew the dollar was the world's largest reserve currency.
It's a alternative to printing more money like increasing money supply with a higher denomination note.
Really?! Dollar is the standard currency against which almost every currency is rated. It's gonna be standard for a long time
ASWATHI P U.S. beat British to become the standard currency. British beat Spanish to become the standard. There is just matter of time. Maybe 200 years. Or maybe only 100 years
Throughout history, regimes/dynasties rise and fall, just a matter of time, but I don't see USA declining anytime soon
@@user-bl7nc1yt6k bro you wish, if something i going to take out the dollar, will be something like cryptocurrency and will be call dif, but i am pretty sure it will have dollar backup
@@user-bl7nc1yt6k
Yeah, of course sooner or later the US dollar will decline, but remember the history of hegemonic change. The British Empire was destroyed by two world wars that it couldn't support. They could never have maintained their dominance because their empire would eventually outpace the homeland growth and rebel. It's inevitable for empires that grow too big. Pretty much the same for the Spanish. Their empire was so spread out that they had no effective way of administering it as their enemies began to grow, abd the Spanish Navy despite it's size couldn't compete with the other growing seafaring countries. English naval strength overtook them and that was the end of the Spanish hegemony.
The main example brought up as a challenger to US dominance is China, but China has to have enough hard power to denounce it's critics, which it doesn't and likely won't any time soon, or enough soft power to promote it's image and gain the trust of the world, which again is very unlikely. Other than China, India is a possible contender, but they will have to fight each other and rise up out of the quagmire of Asia before they can even try to contend with the US. There are too many rival powers in Asia to seriously consider a Chinese challenge right now. Or for the foreseeable future.
@@user-bl7nc1yt6k 1 year later and I’m thinking closer to 5 years maybe
I see lots of dislikes on the US being dominant.
It’s all because of jealous?
The level of praising and hating to a particular nation are so excessive and ignorant that
I took them as fragile nationalism to the country.
You couldn't be more false. If I hate the US imperialism, it's because it's bad for the world. In the 1950s, we had a sustainable agriculture and autonomous food in France. Then the US brought us supermarket and CAFOs, and now we have lost most of our agricultural traditions and landscapes.
In the same way, we have adopted consumerism and our oil demand increased.
I am not jealous of the US. They have a broken healthcare and educational system, bad food norms, rely on cars so much while where I live it is totally possible to live without one.
And the insecurity my god! If you leave your bag in a car, you can expect it to be robbed because of the extreme poverty there is in the US. You don't have that in France.
@@laMoria and the immigration caused by the us destroying countries like in Irak
60% of 100 dollar bills which are in circulation are out of United states. That's the power of the Dollar, greater than the gold.
Im not sure I understand. Can you explain? Is it because there isnt alot of $100 in circulation in the U.S, thats why the dollar is strong in America?
Trick Shots When you have money that’s not being spent on services left over you don’t just want that money sitting there.
Not really
Trick Shots Also that has yet to come into fruition. People have been predicting that for months now already however the market keeps going up.
@@spectatetodebate8408 No. The more you have, the more you owe to the US governmnet.
Peter Schiff gang wya
Here
It’s back by the U.S. Military...can’t mess with that👍
Global comparative advantages plays an important part
"The U.S central bank is seen as trustworthy institution" .....
Said no American ever lol
Obviously by other financial institutions.
No one asked you plebs. Lol. 😜😂
In summary, the dollar is responsible for the progress of the world's economy today...
Terrible summary.
Without the dollar countries would have found another currency or commodity to trade in. Being picked as the reserve currency is a privilege not a sacrifice to help others.
And had the dollar stayed on the gold standard wages would have increased together with productivity instead of separating from it when Nixon took the dollar off the gold standard completely in 1971 and began printing money endlessly which still happens to this day
Straight up ignorant summary
Lebanon ❤️🇱🇧❤️
are these imperatives permanent and will they be carried through into the near future ? (say 5 yrs from today).
It has been like this for over 70 years so probably it's only based off Trump of people investing using US currency
It is July 13, 2022 the dollar is at its strongest in 40 years.
0:14 "Can the US dollar remain a global reserve currency?" "Absolutely not" says the guy who appears in RT, the most trustworthy and unbiased source there is
They’re Russian owned 😂😂😂😂 I should stop before I get poisoned l
Lol hahah so true!
I understand ur position but Idk why only US based media are creditworthy/unbiased.
@@simon2340 At any moment he said US based media is trustworthy/ unbiased.
@@Alexisslayer00 My mistake, I meat "western media." I like wsj but it doesn't mean I will discredit RT.
WSJ uses historical examples to explain why the dollar will be fine. The problem with their examples is that the United States actually produced far more goods in the past and we did not have a Federal Reserve that printed money like crazy. Now our number one export is a piece of paper.
The Fed's trustworthiness is being questioned. J-POW literally said they printed first and will maybe ask questions later. They have no idea what they are doing.
Really foolish to think we won't have a repeat of the 1970s. Fed chairs like Volcker are not picked by the President anymore, they want someone that can print money to make them look good. This time around stagflation in the US won't get fixed because no one will have the gall to raise interest rates. They will see the stock market go down and back-off like they have done for over a decade.
Google Image search "reserve currency status does not last forever"
200 years on average
Looks like Chinas next. With AI helping them out, we will have a One World Commune. Get ready for historic purging of anything China wishes to black list.
"Insulin was invented at the University of Toronto, Canada, from 1921"
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@@salty_berserker_channel Actually 95 years on average. China is the rising economic superpower, they are next in line.
They said the US dollar is strong but right now the DXY have been bearish for months
It is 2022. The US dollar is more in demand than ever before.
Seriously, WSJ needs a different narrative that doesn't sound depressing.
"Insulin was invented at the University of Toronto, Canada, from 1921"
Please support ! Please Donate！Invest!
help me!
Hello World! !
I want to eradicate diabetes type 1 from the world
I want to help eliminate pain from people around the world with diabetes
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The complete cure of diabetes is a dream for humanity of 100 years!
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And Talk about diabetes with family
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USD has become powerful like Gold.
Facts
Yea, right now 62% World currency reserves in USD. But what was the numbers last year or the year before that? Without knowing those figures how do you know the trend?? 🙄🙄
62 is a low point since 2000. It went up and down but 60-62 is the lowest range.
Search “Reserve currency” on Wikipedia.
@@spectatetodebate8408 🤣🤣🤣
@@joputhiyaparambil07 Do you understand what he is talking about...
God bless the dólar
In Lebanon, dollars are like drugs now.
حصل معانا في مصر نفس الحاجة. تابع الأخبار ولما سعر الدولار في السوق السودا يستقر لمدة شهر ولا حاجة حط فلوسك في البنك وتعالى مصر سياحة أسحبها دولار بسعر الصرف الرسمي وأدعيلي.
2:35 Biggest lie..
yes it is it know how to manage money and has $21T in it
Please coverage Indian GDP crisis
Insert Peter Schiff
Lone ,subsidy, helping providing by government through bank🏦for education 🎓,health, business,farmer, car, house🏠, start-up, etc
You didnt show any economists, you showed communists
and bitcoin
And I LONGed EUR since June. I still don't get the vid.
Did a JP Morgan guy just quote Spiderman?
Was this really a surprise though?
Until it isn't...
USA-No country's currency can dominate US Dollar...
Other countries - but he can..
Enters Cyrpto
Is this why European countries have more than 70% of their foreign reserve holdings in form of dollars? Even the US has most of it's foreign reserve holdings in form of gold
"Insulin was invented at the University of Toronto, Canada, from 19
Please support ! Please Donate！Invest!
help me!
Hello World! !
I want to eradicate diabetes type 1 from the world
I want to help eliminate pain from people around the world with diabetes
please donate your money develop the Cure for Diabetes.
The complete cure of diabetes is a dream for humanity of 100 years!
please invest and Donate for diabetes cure New Technology
And Talk about diabetes with family
(^o^)ノシ(^o^)ノシ(^o^)ノシ＼(^o^)／（＾w＾）ノシ
CEOs are not economists. Economists are arguing for the stable dominate role of the dollar for a long time. See www.hoover.org/sites/default/files/research/docs/cochranepalermotaylor_currencies_ch2.pdf for example for a review.
The downside is that the US will run perpetual trade deficits. The US must spend money out into the world for there to be dollars in circulation.
Do you know US is giving billion of aids annually to over 100 countries in the world. And now US is also giving millions to aid Ukraine.
@@thinkcat01 , So?
It still doesn't change the fact that the US must run large trade deficits in order for the US dollar to be a reserve currency.
@@richiesd1 USA owed mostly to its own people. Most countries had large trade deficits. In fact, much larger than USA. USA currency is on an upward trend now.
@@thinkcat01 , what about all the USD that is floating around the world. Who owns those? Certainly not Americans
@@richiesd1 China, Israel, Saudi Arabia, Japan, Canada, Mexico, Europe and many nations that trade with USA. I am sure all these nations will not want the dollar collapse, or else they will be holding nothing and lose billions.
If the U.S moves towards socialism, it is inevitable that the value of the dollar will diminish.
You have no idea what you’re talking about.
as far as forex in my country is concerned, the dollar hasn't been this weak in years. Thanks Trump!
I still think it's a temporary rut. Once the pandemic and trade wars and other instability are fixed it should go back up.
It's that or war basically, so hopefully things work out fine. Lol
the truth is there is no alternative !
If the country can’t use US dollar, why not use another currency for trade? Euro or yen, etc
i think the gold。will。keep
on bullish
What is it backed by？
One year later
#winning
Aaaaahhhh 1 year later. Look where we are headed.
No it doesn't!
does the strength of dollars have relation with free speech
NOPE.
Hola cómo estás saludos
Muy bien gracias y tu?
dont mess with this power it might result in consequence which u dont like is moral of the story! Belive in Karma.
"That the US is one of the safest places to be"
For money? Maybe. For your health? Most definitely not.
Compared to the world it is.
If you have a lot of money in the us, you can get the best healthcare in the world.
It is I've been living here for a while
Money printing has been the most devastating effect for all humans that ever placed foot on earth.
🇺🇸🇺🇸🇺🇸
- THE YUAN ENTERS THIS CHAT
The yuan has exited the chat.
Shocking how all those people predicting the dollar will fail weren’t American lol
So I guess you think Peter Schiff isn't American then?
Debt to GDP becomes a real problem when the interest you owe exceed the GDP the country can earn per year.
Accept our currency or carriers are going to be coming near you real soon.
@@Charlytto37 clearly thats not whats happening
Daniel Hui needs to ubderstand this one thing, in general the 'index' as we know which has been created since the 70s, is the first of its kind. So it is virtually impossible to dethrone the dollar. His argument is moot. Also, being a Fx strategist, he needs to have sound understanding of bretton woods. Also, his data points are taking currency history of the last 100 years. Its a small number
As long as US taxpayers fund the us budget and the investment community has faith that US debt will be paid AND contracts can be independently enforced in the US, the dollar will be the dominant currency. All those bellyaching about the printing press… the 1970s saw the end of gold standard for a reason.
Dollar will probably ok for a while. But gold silver bitcoin make sense as a hedge
CNY is nowhere compared to USD now
US economy vs Doller . When Doller gets strengthened US economy (people's living standard ) gets weakened .
.
The rich stay rich by investing like and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich,
Well said👏
You are right, investing is the key
Well that's generally true its concerning that several of the richest most successful investors are sitting on the sidelines right now and waiting for a better entry point
So true lol, it doesn't make sense
It can be said a little simpler, if you want to be rich then focus on saving and investing, if you want to be poor then focus on spending
Already invested in stocks and I cant really get a good returns from it
Protect dolla rite??😎👍
When people realise the US dollar is worthless, the free market will try and provide an alternative, and it has tried. For example the market has produced bitcoin however it didn't provide what is needed. But in the end people will look for a solid commodity backing such as Gold. There might be a reason it was used for money for thousands of years, and we have only been off it for around 50 years. The monetary system is running on the fumes of confidence. Government legislation cannot force confidence.
Investors don't understand that the next crisis will be a currency crisis. The reason why the US dollar is in consolidation is because foreign central banks think they are safe holding US dollars. One of the US' greatest export is inflation. The US prints money and ships it overseas in exchange for goods. The trade deficit is arounda trillion dollars, what economist thinks that parity is going to hold.
But then again why has China buying so much Gold. If Gold isn't needed or promote confidence why does the US hold so much gold? Because when the floor of the US dollar drops out, those countries who have the gold will be able to determine "The rules of the game", just like at Bretton Woods. The country with the most Gold after WWII at Bretton Woods was the US, that is why they backed the world, they could determine the rules of the game.
On to the subject of people having confidence of the Federal Reserve. Over the past 15 years they have done nothing other than Quantitative easing programs and most recently hiked interest rates a little. Quantitative easing did nothing other than inflate financial markets, then covid hit and the money was transferred from financial assets to consumer products we experienced inflation. Then as soon as they started hiking rates banks failed. Instead of letting the natural market run its course the Fed bailed them out, printing even more money.
I’m shocked that people can be so ignorant! This lady needs to get in touch with Mike Maloney.
Normal people prefer to hear a nice liar than raw truth
this video is correct as per past history prospects but going onwards is where the test is. present is also ok but not that great as it used to be. how ever like said in future does nit seems too bright. how ever dollar hike can be mimics demands but that cannot be taken for granted now. for example same formula
if you apply to huawei regardless of restrictions , huawei still thrive. meaning it is very tough now a days to kill any technology or ban any resources to float in the financial market due to good international rules and standers. talking abt imf applying restrictions due to dollar is not seems to be the same case any more. since usa pull out money support hence then usa domination also is changing and usa is not as effective as it use to be. to many players now.
our government is strong and stable
of course, the world rely on the USD because all currencies are based on trust and promises of the government that issued the notes, we may have a $27 trillion debt but never default on our loan payments
Its a defecto currency in many countries too.
Under Trump FED was able to prove its independence and this is what gives confidence over other alternatives that may come close to the dollar even though none is close to being better.
It's only strong for now. The dollar is a ticking time bomb and will eventually revert to zero, as all fiat currencies do.
Sounds just like the people at the start of the video lol
All major currencies are fiat. Look at each and there is no better replacement.
skyak ever heard of Bitcoin?
@@Skyberg21 I guess great minds think a like :)
Well....most economist are glorified future tellers!
"Insulin was invented at the University of Toronto, Canada, from 19
Please support ! Please Donate！Invest!
help me!
Hello World! !
I want to eradicate diabetes type 1 from the world
I want to help eliminate pain from people around the world with diabetes
please donate your money develop the Cure for Diabetes.
The complete cure of diabetes is a dream for humanity of 100 years!
please invest and Donate for diabetes cure New Technology
And Talk about diabetes with family
(^o^)ノシ(^o^)ノシ(^o^)ノシ＼(^o^)／（＾w＾）ノシ
Check out Pink Floyd money today September 9 2022. We were their.
Electric distribution business. Stream lined. Into spider 50 amp and 200 amp. Temporary lead for more solar process thermal.
FYI 2008 financial crisis.
You thinking what I am thinking Japan.
GDP sinking in the United States failled boss economy math. One off the line cost.
Yen joined the strong dollar. More every 5 minutes or every hour.
DIGITAL CURRENCY IS THE FUTURE.
try living off crypto for a week without converting it
@@Zealch_ 😂😂😂
Also America is gona to have trilliondollar companies , Apple made it , but other companies will reach that milestone soon.
Apple only trillion dollar company because they pay no taxes and have sex with the Irish government to allow such - Apple pays no taxes because of Ireland
Bitcoin is where it's at and I have some.
Where did u buy it from
@@haroon803 I earned it from here: cointiply.com/home
You interested?
@@haroon803 Actually try this: cointiply.com/r/mX1ZG
Quách Khánh ông chủ: lloyds citi hsbc mufg world bank chỉ dùng usd làm dòng tiền vậy thôi. Khánh cua người Hải phòng
I don't understand why Euro can't replace dollar. I think ppl trust more EU than USA.
@@NVGEAR UK out so what. There are 27 more and still union is big. If france Germany wish they may dominate the world.
U.S. Military
@@PocketInfinite EU military also very strong and i don't think usa would dare to go war with EU.
Rajibur Rahman EU military is subdivided into its many member nations’ militaries. They don’t have the navy (main way of power projection) like the US does.
Did you know the second most powerful Air Force in the world is the US Navy.
European countries are also reliant on America for their defense needs. US troops stationed in places like Germany.
Europe is not unified like the US to dominate the world. US does not need to go to war with EU to get what they want.
Rajibur Rahman what world are you living in. This is a big troll
Bitcoin
Go America 🇺🇸🇺🇸🇺🇸💪💪💪💪
True money is Gold, Silver and Bitcoin.
To Editor and reporter, Why only give half the report of the global dollar. America should have the full story since they r the backer/underwriters of the currency. In economics and everything in life there is no such thing as a free lunch. Look there wouldn’t b an issue if we had politicians and somewhat of capitalistic system that create equality for everyone ESPECIALLY WHEN THE UNDERWRITERS of the dollar are middle class and working families of America but the system is broken and the externalities of this global dollar are costing the American citizens real short term and long term burdens/erosions of social economic status and thinking that cooking the book will help keep America’s debt in check is a joke. This debt/inflation economic policies that politicians/treasury/FED r practicing is eroding/increasing delta/rate of change of middle class/working families erosion at a fast rate, this is like the population death/birth rate scenario it’s not a problem when death/birth equal but when u have a death rate/delta moving faster than the birth rate you have huge structural problems and when u have a middle class death rate/erosion/delta compared to the birth/new people moving into the middle class u get social inequality/social unrest, political cronyism/corruption, social capitalism (privatize gains/socialize losses), huge national debt, huge personal debt, undemocratic policies. The golden goose r the middle class Americans and the working families moving into the middle class.
LOL, the least worst choice...why is the dollar strong? I mean seriously? What are you going to put your money into...Switzerland? Hong Kong, oh wait nvm. Singapore? Yea the dollar is strong relative TO OTHERS and that is it.
I mean if you even THINK your choice is the Yuan then you deserve EVERYTHING you get with that choice, good luck with that.
Without exception, every country's currency eventually goes to zero in worth. every one. And we are starting to see this phenomenon with the U.S. dollar. It has depreciated 98% in the last 120 years. Next up - the renminbi of hina.
Well I guess let's find out after China has become the wealthiest superpower and china's wealth is double the amount of USA
The funny thing China is the second largest economy but still no one adopted the chinese....what's their currency name? Even the EU euro is more popular. It's about trust in the stability of a country and that their currency will always remain valid. Communist china is a little over 100 years old coming off multiple decades of communist countries falling over, not much trust it be had.
well, China is colonizing other countries by drowning 3rd world countries in debt, China also owns most of our products, and especially China makes it hard to offshore money outside the country so yeah good luck. They are abusing the system and if the USA won't work with China then good luck stabilizing the US growth
@@arcifera4731 well that isnt really abusing the system that is the system.
If that's the system, I guess American Democracy is a joke and there would be no Karens running around shouting free speech.
@@artypyrec4186 and that actually made my point right tbh.
remain strong...so far...
It will be strongest because even sitting Elephant is taller than jumping Dogs😂
@@rohitw614 notice that an elephant will fall asleep someday because it gets tired of sitting
No one want to see the dollar fail
I do
yash k what are you going to replace it with?
If the fiat dollars collapsed, the world economy and currency will collapse also, even if you have something to replace it with
EqualsThreeable v buckd