This video isn’t just another flickering screen of talking heads-it’s a slap in the face to the broken, rigged systems we live under. 💥💰 BRICS+, MMT, de-dollarization... big words, sure, but they’re about shaking the money tree 🌳💵 and asking why the fruit always lands in the same damn laps. So tell us, what’s rattling in your head? 🤔 Does this shift in global finance spark hope, or just another layer of confusion? Got a bone to pick with capitalism? 🦴📉 Or maybe you see BRICS as the underdog finally taking a swing? 🥊🌍 Speak up, shout if you have to. Let’s rip the polite tape off the conversation and get to the guts of it. 📝💬 The comment box is open. Fill it with your fire 🔥, your doubts 😟, your hopes ✨. Let’s make this a barroom brawl of ideas 🍻, not just another echo chamber. Cheers to the ones brave enough to think. 💪✨ #BRICS #ModernMonetaryTheory #DeDollarization #GlobalFinance #FinancialSovereignty #EconomicJustice #AlternativeFinance #SpeakYourMind #GlobalSouth 🌎📣
What begins as a discussion of MMT and monetary autonomy blossoms wonderfully into a discussion of the injustice (which originated in colonialism) which survives today in the USD postwar system anchored by the IBRD/IMF. Many of us in the west recognize that this system needs to change, in the interests of the world as a whole, and BRICS+ is perhaps the first robust opportunity for this change to effectuate a profound realignment in global economics.
I have encountered Yan Liang before and came here with fangs out. I'm am happy to say that she has finally given an explanation of MMT that does not include fairie dust. I decided to subscribe and will follow her work more. I still have a few questions the most important one is " What will be the price discovery mechanism for this new system Yan Liang" ? A commodity? This will need to be explained. Another question regards to the relationship between gov. printing vs borrowing money from bond holders. Thx Prof Yan Liang. 🙏🌻🐝❤️
relationship between gov. printing vs borrowing money from bond holders. MMT is accurate description based on Godley tables (A-L-E =0) Govt deficit itself generates money ( sum of all liabilities of private banks) irrespective of whether they sell bonds or not. Hope this helps i know it doesn't answer your question completely.
Wow! Thanks for the very interesting topic in addressing the narrowing of inequality gap by using MMT. Agreed on her analysis about need to democratize the use of public money. However, Prof Ling didn't elaborate on how MMT can narrow the inequality gap. Thus, I would like to hear more from her.
The Universe is Not a Hierarchical Pyramid of Mathematic Quantities !!! The Universe is a Wholarchical Sphere of Multiples Spheres of Consciousness Qualities !!! The Beauty of Timeless and Formless Consciousness Shines in the Form in Time ❤️ 💚 💜 One Global Vision Multiples Local Governments
There seem to be a widespread public misunderstanding about the reality of money creation people now commonly use the acronym "MMT" to describe. It's a description of how money in actuality is created into existence out of thin air as credit/debt. Loans create deposits. It's not a political theory about how things should work but instead how they actually operate now.
A Chinese economist said, "the West has 1 day Democracy (Election day)", but many days make a meritocracy work (China's 30-year economic miracle) also: "The Chinese state guides capital and private entities towards what it believes are national strategic priorities, rather than allowing them to simply focus on generating greater revenue." Jack Ma founder of Alibaba & Ant Group thought he could prioritize profit; he was reminded that is not the Chinese way? President Xi Jinping was sent to work on a farm in a rural Chinese village in his youth to instill him with a sense of reality, he saw the importance of local ideas being able to percolate up to the top of the governing body to help all other villages in China.
@@ThinkBRICS I demand this request on your channel , because it's you people only who have done this and can do this, so please team bring both of them to have a second debate, please.
I agree that China can help develop the industries of mineral processing in exporting countries to a certain extent, but not to the extent of giving up its proprietary technology. What is a better plan is that China can help those mineral exporting countries to develop their agricultural industry, their healthcare system, their water and power system, their transportation system and infrastructure in return for exchanges in minerals. These mineral exporting countries can then export to China commodities that China lacks such as food and any other specialty product. A trade is best when each country is exporting what they are best at. A trade is not that I give all of what I have so I can starve.
I doubt that China will allow distributed materials processing if only from the standpoint of “QC”. For example, in the Chancay port situation, China insisted on the control of the port. Running a major port is exceedingly complex and China must be the sole conductor of this “orchestra”. Otherwise, the port operations could degenerate to the level of western ports which are absurdly inefficient compared to the gigantic Chinese ports like Shanghai or Shenzhen.
@@sciagurrato1831 Even without the transfer of proprietary technology, the trades of other industries, technologies, supplies, and infrastructures is still a win-win partnership as long as there is a fulfillment of significant need. This is in stark contrast to the Wests approach of only not helping, but the enslavement and pillaging of the Global South.
If the BIS does not support mBridge system. The BIS members (central banks) can develop their own cross-border payment systems or digital currencies. They can do so either independently or through collaborations with other central banks and financial institutions. While BIS does not develop or directly support the mBridge system, it does encourage global collaboration and innovation in financial technology, which can lead to the development of similar systems by individual central banks.
BIS was the umbrella for Project mBridge but had little to do with the actually design and execution of the beta testing. The detailed internal workings are a group effort of China, the HKMA, and the central banks of Thailand and the UAE.
Unless there is democracy in the workplace (decision make by the workers not shareholder; which will be obsolete or non elected executives) no economic system can escape form wealth inequity, poverty, and inflation.
I would make a sincere request that this program stop equating election with Democracy. The two words have very different meanings, and are not synonyms. The former is a way of selecting a part or all members of a governing body. The later is vesting the actual governing power with the welfare of the people. To the extent that you have a governing body that is able to detach itself from governing for the welfare of the people and escape accountability with impunity, that is the extent you have deviated from Democracy. Again, please no longer perpetuate the idea that election equals Democracy.
If you listen carefully, I think this was answered. The government would want people to work and add value to production which is one of the roles of money. The government is responsible to give what people want and it's not free money. Give people credit for understanding that you don't get anything for nothing.
There is a very interesting speech made by President Bukele of El Salvador explaining that people pay taxes “just to support the idea that you are financing the government, but you are not,” because money is printed out of thin air as much as they want because it is backed by “bonds,” which are in turn purchased by the FED... it is a vicious circle: ruclips.net/user/shorts4v9EHEZrUJA
@@ThinkBRICS Pres. Bukele hasn't got it right when he says "... because it is backed by “bonds,” which are in turn purchased by the FED.." The bonds are created by the Fed, then SOLD to soak up excess reserves in the interbank settlement resv. acct. - those excess reserves cause the interbank lending interest rate to fall due to excess of available 'settlement' funds. The US (& Australia) govt. is NOT 'financed' by treasury bonds or taxes - it is financed simply by Congress/Parliament passing an authorising money bill. Those authorised monies are keystroked into the intended recipient's bank acct. Taxes are (among other reasons) to curtail public spending so as to release resources for govt. directed projects - if public spending is not curtailed, govt. spending will bid up the price of those resources (inflationary impact). Bond issuance fulfils a monetary regulatory function - not a fiscal operation. Australia's Prof Bill Mitchell is one of the original developers of MMT - read his near daily educational blog at Billyblog.
Capitalism must be reformed to included welfarism and encouragement of SMEs and start ups. Capitalism must include fair tax system that encourage productivity and take care of the welfare of workers.inveetment in some sectors such energy could be done via public private partnerships.
The vast majority should firstly, learn what Capitalism actually is. Secondly, forget about the American dream because it works for a very tiny minority of the population. Thirdly, the government must be accountable to the majority of the population.
China Russia pakistan best thinking working world and new Geo politics plans and next new Geo politics businesses market world and all Muslim countries and friends country together working but bharat foreign policy and media most problem why and big question India people and world media pls nice media??bawaG world news
My question why America and some country don't want peace but all Muslim countries and China Pakistan first policy pecae but I think Ukraine and middle east ceasefire and Palestine and Israel two countries solution and China and Putin first policy two countries solution happy Muslim people and Israel people and Ukraine people don't like NATO ??bawaG world news
This video isn’t just another flickering screen of talking heads-it’s a slap in the face to the broken, rigged systems we live under. 💥💰 BRICS+, MMT, de-dollarization... big words, sure, but they’re about shaking the money tree 🌳💵 and asking why the fruit always lands in the same damn laps.
So tell us, what’s rattling in your head? 🤔 Does this shift in global finance spark hope, or just another layer of confusion? Got a bone to pick with capitalism? 🦴📉 Or maybe you see BRICS as the underdog finally taking a swing? 🥊🌍 Speak up, shout if you have to. Let’s rip the polite tape off the conversation and get to the guts of it.
📝💬 The comment box is open. Fill it with your fire 🔥, your doubts 😟, your hopes ✨. Let’s make this a barroom brawl of ideas 🍻, not just another echo chamber. Cheers to the ones brave enough to think. 💪✨
#BRICS #ModernMonetaryTheory #DeDollarization #GlobalFinance #FinancialSovereignty #EconomicJustice #AlternativeFinance #SpeakYourMind #GlobalSouth 🌎📣
One finance assistant for Speke bangla or English,in kolkata possible
The banks have too much in speculation, a gambling casino run by world organized crime
What begins as a discussion of MMT and monetary autonomy blossoms wonderfully into a discussion of the injustice (which originated in colonialism) which survives today in the USD postwar system anchored by the IBRD/IMF. Many of us in the west recognize that this system needs to change, in the interests of the world as a whole, and BRICS+ is perhaps the first robust opportunity for this change to effectuate a profound realignment in global economics.
The professor is very well-educated in her field. I would like to hear a lot more from her.
Great discussion, keep up the good work.
I have encountered Yan Liang before and came here with fangs out. I'm am happy to say that she has finally given an explanation of MMT that does not include fairie dust.
I decided to subscribe and will follow her work more.
I still have a few questions the most important one is
" What will be the price discovery mechanism for this new system Yan Liang" ? A commodity? This will need to be explained.
Another question regards to the relationship between gov. printing vs borrowing money from bond holders.
Thx Prof Yan Liang. 🙏🌻🐝❤️
relationship between gov. printing vs borrowing money from bond holders.
MMT is accurate description based on Godley tables (A-L-E =0)
Govt deficit itself generates money ( sum of all liabilities of private banks) irrespective of whether they sell bonds or not.
Hope this helps i know it doesn't answer your question completely.
Wow Thanks.
This Lady is smart
and beautiful.
Agreed :)
Wow! Very interesting topic in addressing narrowing inequality gap
Wow! Thanks for the very interesting topic in addressing the narrowing of inequality gap by using MMT. Agreed on her analysis about need to democratize the use of public money. However, Prof Ling didn't elaborate on how MMT can narrow the inequality gap. Thus, I would like to hear more from her.
Glad you liked it!
Brilliant analysis. Thank you for this eye opening video
Glad you enjoyed it!
Might not be able to stay for the whole session. But will continue watching later.
Yes, come back anytime, it's worth it!
Waaw may god bless the BRICS may it works forever and not after a century different administration begin to think differently.
Beauty and brain rarely grow together. 👍🙏
There should be more subscribers for such a good show
Yes, you're right!
Very insightful professor, I wish you the best and please learn from americas colossal mistakes.
The Universe is Not a Hierarchical Pyramid of Mathematic Quantities !!!
The Universe is a Wholarchical Sphere of Multiples Spheres of Consciousness Qualities !!!
The Beauty of Timeless and Formless Consciousness Shines in the Form in Time ❤️ 💚 💜
One Global Vision Multiples Local Governments
There seem to be a widespread public misunderstanding about the reality of money creation people now commonly use the acronym "MMT" to describe.
It's a description of how money in actuality is created into existence out of thin air as credit/debt. Loans create deposits.
It's not a political theory about how things should work but instead how they actually operate now.
Totally agree with Prof. Yan.
It will be nice to have an economic model that sets a higher standard of fairness.
Professor Yan is cute & smart 😉❤️✨
A Chinese economist said, "the West has 1 day Democracy (Election day)", but many days make a meritocracy work (China's 30-year economic miracle) also: "The Chinese state guides capital and private entities towards what it believes are national strategic priorities, rather than allowing them to simply focus on generating greater revenue." Jack Ma founder of Alibaba & Ant Group thought he could prioritize profit; he was reminded that is not the Chinese way? President Xi Jinping was sent to work on a farm in a rural Chinese village in his youth to instill him with a sense of reality, he saw the importance of local ideas being able to percolate up to the top of the governing body to help all other villages in China.
There still needs to be regulation of the banks
The corruption in the banks is huge
Bring Dr ankit shah and pepe Escobar together for debate, this is A must.
Yes but you commented under the wrong video! 😉
@@ThinkBRICS I demand this request on your channel , because it's you people only who have done this and can do this, so please team bring both of them to have a second debate, please.
@@daniealharsh299 was it fun and interesting right? we will arrange something ASAP, we are constantly in contact with them
She is so pretty. Intelligent too❤
👍👍
Those : ems ehms and eehrms may want to be converted into tiny jump cuts
We did it as much as possible 😄
@ThinkBRICS 😶🙄😶
I agree that China can help develop the industries of mineral processing in exporting countries to a certain extent, but not to the extent of giving up its proprietary technology. What is a better plan is that China can help those mineral exporting countries to develop their agricultural industry, their healthcare system, their water and power system, their transportation system and infrastructure in return for exchanges in minerals. These mineral exporting countries can then export to China commodities that China lacks such as food and any other specialty product. A trade is best when each country is exporting what they are best at. A trade is not that I give all of what I have so I can starve.
I doubt that China will allow distributed materials processing if only from the standpoint of “QC”. For example, in the Chancay port situation, China insisted on the control of the port. Running a major port is exceedingly complex and China must be the sole conductor of this “orchestra”. Otherwise, the port operations could degenerate to the level of western ports which are absurdly inefficient compared to the gigantic Chinese ports like Shanghai or Shenzhen.
@@sciagurrato1831 Even without the transfer of proprietary technology, the trades of other industries, technologies, supplies, and infrastructures is still a win-win partnership as long as there is a fulfillment of significant need. This is in stark contrast to the Wests approach of only not helping, but the enslavement and pillaging of the Global South.
Yes
No government can end inequality. Governments can and should not encourage inequality with their policies
If the BIS does not support mBridge system.
The BIS members (central banks) can develop their own cross-border payment systems or digital currencies. They can do so either independently or through collaborations with other central banks and financial institutions.
While BIS does not develop or directly support the mBridge system, it does encourage global collaboration and innovation in financial technology, which can lead to the development of similar systems by individual central banks.
BIS was the umbrella for Project mBridge but had little to do with the actually design and execution of the beta testing. The detailed internal workings are a group effort of China, the HKMA, and the central banks of Thailand and the UAE.
This is paving the way for NESARA GESARA…
😊❤❤🇨🇳
BRICs deve criar uma moeda da organização. E com imparidade ao ouro. Num mundo global financeiro é fundamental ter uma moeda com valor também global.
We think the opposite, as Professor Lian explained. No BRICS country wants a common currency. It would kill national sovereignty
Glass Steagall banking separation and national banks
Unless there is democracy in the workplace (decision make by the workers not shareholder; which will be obsolete or non elected executives) no economic system can escape form wealth inequity, poverty, and inflation.
I would make a sincere request that this program stop equating election with Democracy. The two words have very different meanings, and are not synonyms. The former is a way of selecting a part or all members of a governing body. The later is vesting the actual governing power with the welfare of the people. To the extent that you have a governing body that is able to detach itself from governing for the welfare of the people and escape accountability with impunity, that is the extent you have deviated from Democracy. Again, please no longer perpetuate the idea that election equals Democracy.
Has a mature bond system been discussed during this talk ?
We didn't but it's a good strating point for a new episode. Thanks for asking.
This woman is smart and i am beautiful
🌞🖖🏼
I do have to ask tough, if we can just print money why do we need taxes? And why not have UBI?
If you listen carefully, I think this was answered. The government would want people to work and add value to production which is one of the roles of money. The government is responsible to give what people want and it's not free money. Give people credit for understanding that you don't get anything for nothing.
There is a very interesting speech made by President Bukele of El Salvador explaining that people pay taxes “just to support the idea that you are financing the government, but you are not,” because money is printed out of thin air as much as they want because it is backed by “bonds,” which are in turn purchased by the FED... it is a vicious circle: ruclips.net/user/shorts4v9EHEZrUJA
@@ThinkBRICS Pres. Bukele hasn't got it right when he says "... because it is backed by “bonds,” which are in turn purchased by the FED.." The bonds are created by the Fed, then SOLD to soak up excess reserves in the interbank settlement resv. acct. - those excess reserves cause the interbank lending interest rate to fall due to excess of available 'settlement' funds.
The US (& Australia) govt. is NOT 'financed' by treasury bonds or taxes - it is financed simply by Congress/Parliament passing an authorising money bill. Those authorised monies are keystroked into the intended recipient's bank acct.
Taxes are (among other reasons) to curtail public spending so as to release resources for govt. directed projects - if public spending is not curtailed, govt. spending will bid up the price of those resources (inflationary impact).
Bond issuance fulfils a monetary regulatory function - not a fiscal operation.
Australia's Prof Bill Mitchell is one of the original developers of MMT - read his near daily educational blog at Billyblog.
Capitalism must be reformed to included welfarism and encouragement of SMEs and start ups. Capitalism must include fair tax system that encourage productivity and take care of the welfare of workers.inveetment in some sectors such energy could be done via public private partnerships.
Per topic title: political correct is not ending but rather a way to reduce...
Reform the system is to reform corporations. Fact.
The vast majority should firstly, learn what Capitalism actually is. Secondly, forget about the American dream because it works for a very tiny minority of the population. Thirdly, the government must be accountable to the majority of the population.
Same players jumping ship?
America failure is because their democracy is unsymapthetic system.avaricious ideology 😂😂😂
Brics country specialist only know brics knowledge.
Another theory will be proven on ours butt...
lol
China Russia pakistan best thinking working world and new Geo politics plans and next new Geo politics businesses market world and all Muslim countries and friends country together working but bharat foreign policy and media most problem why and big question India people and world media pls nice media??bawaG world news
My question why America and some country don't want peace but all Muslim countries and China Pakistan first policy pecae but I think Ukraine and middle east ceasefire and Palestine and Israel two countries solution and China and Putin first policy two countries solution happy Muslim people and Israel people and Ukraine people don't like NATO ??bawaG world news
War is profitable for those who have lost their humanity.
Está prof. está demasiado formatada e assim não serve.