Why The U.S. Dollar May Be In Danger
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- Опубликовано: 28 апр 2024
- The U.S. dollar is the most powerful currency that exists today. Yet, analysts have been warning the dollar’s impending doom since its original rise to prominence in 1971. As its share in the world’s reserve continues to decline, some experts worry that the dollar’s dominance may be under threat. So what would happen if the dollar were to lose its global reserve currency status? Watch the video find out.
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Why The U.S. Dollar May Be In Danger
Three years ago, it was impossible to anticipate the current condition of the U.S. dollar. The United States persists in repeating the same errors responsible for the dollar's current predicament. Consequently, there's no certainty that the dollar's future will be as promising as anticipated.
Government policies have jeopardised the future for many years, and consequences are approaching. I anticipate an 75% decline in the stock market, causing investors to shift toward real estate. Traditional banking may become less reliable, so it's essential to develop a survival strategy.
These are the conditions in which life-changing money is made by those who remain calm, patients, and take controlled risks. Volatility goes both ways, the bigger the red candles, the bigger the green ones.
I consult a coach before investing. During the pandemic, I employed return -focused routines and risk minimisation, leveraging their insider knowledge . Working with Stacey Lee Decker as my financial coach for over three years, I've generated around $750k in earnings.
What I like about Stacey is her willingness to listen, collaborate and educate always. She is impressive indeed.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over 3million dollars in that time frame
@@johnlennon232 Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
@@kimyoung8414 The adviser I'm in touch with is 'HEATHER ANN CHRISTENSEN, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
@@johnlennon232 I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.
@@HarrietBemish Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
@@duane_29 My advisor is Christine Jane Mclean. In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience plus she is also FINRA & SEC verifiable.
I stand corrected but those this mean this would be a bad time to get into the market? Considering we are in a bottom and i keep hearing experts say buy the bottom
Have you ever given financial planning any thought? Do you know about debt evaluations and such? or perhaps looking for professional advice?
@@maryalchester Right! Having received professional assistance, I've also noticed a significant improvement. I hardly have any products yet. It comes down to selecting what fits your resources and schedule. Study at your own speed.
@@mvanwie from who
Personally, I think it's better to keep an eye out for one nearby, though Juliet Eve Downey has recently been quite helpful. Low ROI, but still worth the price.
@@mvanwie Because of our constant desire to handle things on our own, we are in a perilous financial position. It's imperative to manage time, so you must delegate. Interesting that you mentioned looking things up. Juliet Eve Downey right
If the US uses its reserve currency as a weapon in financial sanctions, whether right or not, some countries will grow wary and their central banks and investors will try to find alternatives. This trend was not mentioned in your documentary unfortunately, but it is definitely there and it will have significant influence over time.
They were looking for polite way to tell citizens without creating shock. Lol. Russia is pegging gold.
💩💩, time to exchange dollars into Yuan that has been constantly appreciating for a decade
Sounds plausible the only thing is manny other countries economies are very intertwined with the U.S…. Also the you would have to misinformed to think that the U.S. would use its reserve currency as a weapon without consulting key Allies like the U.K, Germany, and Japan.
As soon as the sanctions started rolling in against Russia, I knew the wariness was coming. Even ally countries will start to actively seek alternatives.
If you keep weaponizing your currency to full extend, your currency is TOO HIGH RISK!
Risk management doesn’t seem to concern US.
ruclips.net/video/9t66zZwR0cA/видео.html
As I watched this the Fed probably “printed” another $100B
They’re started QT so no
@@alexsloan4976 they will not succeed with QT. They tried this in 2018 and largely failed.
Yeah they barrow n print so much money n start wars all over the place… didn’t the Roman Empire began to fall apart like that
@@PJ_SellsFord whats QT?
@@mitronzongo Quantifical Tremauliation.
The Standard & Poor's broad-based index of U.S. consumer confidence has reached historic lows, primarily due to inflation and recession. The decrease in retail spending, home-building, and manufacturing output has led consumers, who play a crucial role in the U.S. economy, to reduce their spending on non-essential items like appliances and services. Despite the current market conditions, it is essential to encourage saving and wise investment decisions. As for profiting from the present market turbulence, I am contemplating whether to sell my high six figure ETF/Growth Stock portfolio.
The situation for people in the US and other countries is extremely concerning, as the global economy is currently in a dire state. Inflation and unemployment rates are increasing rapidly.
@@graceocean8323 I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted huge.
@@tampabayrodeo2474 I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper licensed coach, how did you go about touching base with your coach?
Maria Juliana Ramirez is my advisor.
@@tampabayrodeo2474 Maria Juliana Ramirez appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $120,000 bond/stock portfolio.
Investing in stocks is a good idea, a good trading system would puts you through many days of success.
@@Harperrr.99 True, the US-Stock Market had been on it's longest bull-run in history, so the mass hysteria and panic is relatable, considering were not accustomed to such troubled markets, but as you mentioned there are avenues lurking around if you know where to look, l've netted over $650k in the past 8 months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technique to navigate better in these times, so I hired a portfoilo advisor.
@@kurttSchuster that's impressive! I could really use the expertise of this advisors, my portfolio has been down lately....who's the person guiding you?
@@Blitcliffe my financial advisor is 'NICOLE DESIREE SIMON'. I found her on a CNBC interview where she was featured Afterwards I reached out to her. she has since then provided me with entry and exit points in securities I focus on.
@@kurttSchuster Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
The fact that CNBC is even reporting this should tell you it's already over
So now even nbc is pushing conspiracy theories?
@@sdrc92126 I'm sure you have a thorough understanding of our monetary system to make a comment like that
@@philthy941 This is what i've been told over the last 15 years. so I'm sure it's true 😁
I get it.
Funny
I'm not American, but dollar is still king
As expected, zero mention of overusing USD as a weapon to sanction states, as if this doesn't have its own risks at all. Non-Western economic powers like India, China and Saudi Arabia are actively reducing dependence on USD as we speak, but somehow this is not worth mentioning. USD probably won't become irrelevant in our life times, but there's a good chance it won't be the de facto global reserve currency, it will be just a "good" currency like the British pound or euro.
The Great Reset/NWO plan is to destroy all Fiat currencies throughout the world (which is currently happening), and get everyone to switch to government issued centralized digital currencies. This is how they will control you.
🇺🇲
I was thinking the same thing
It wont be any other country after the dollar , by the time the dollar tanks , bitcoin will be at the helm
@Saturn. Thanks for the insight. Any recommendations where I can read on this perspective?
It was a propaganda piece, just like their coverage of the war.
We are already in the big crash, Inflation is a catastrophe. To bring the stock market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
@Gerald Maier You are right! I diversified my $100K portfolio across various market with the aid of an investment advisor, I have been able to generate a little bit above $300k in net profit across high dividend yield stocks, ETF and bonds during this red season.
@@carter3294 How can I contact this adviser of yours? because I'm seeking for a more effective investment approach how good is this person at portfolio diversification, particularly with regard to digital assets?
@@LuisVargas-ih5vm My advisor is ’Natalie Paige Harwell’ In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself, she has years of financial market experience.
@@carter3294 I’ll take investments in stock any day they’re very remunerative only problem I’m having is I really don’t know how to go about it, I do get lost and overwhelmed by the markets.
this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $180,000 savings to turn to dust
Me too. I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.
I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.
Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like "Jennifer Aaron Marcontell , who can help shape up your portfolio.
@@PhilipMurray251 i looked Jennifer up out of curiosity and she seem really proficient, Thanks for sharing
Get the latest updates on the US dollar exchange rate today in Latin America. View live USD rates and real-time trends, including USD to EUR, USD to GBP and other major currencies.
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Russia has been preparing to reduce USD reserves and stockpiling more gold since 2009. In 2015 Russia already has more Gold reserves than USD reserves for the first time ever. In other words Russia is smart they knew USD is not stable and have been preparing for USD collapse for more than a decade
Because Europeans and American politicians want to make USA look bad and they are doing it on purpose
China also
They should be , more importantly if you have sweet poison like US
The American bankers / the deepstate long term bet on NWO Agenda 2030.. Too bad a high priced dollar is likely about to diminish the power of globalisation ecosystem when the worldwide players are simply struggling to afford commodity as important as oil - traded in dollar!
Russia gdp is less than any state in the 🇺🇸 let that sink in Russia is nothing!
The whole world is tired of monopoly on sanctions .
Only dictators are tried of sanctions
Yup
About time other countries sanction them
Even your mom is fed up
@@colgatetoothpaste4865 My mom is dead ,you too will die and that ostentatious funeral with all your wealthy ,arrogant attendants won't matter as you'll face your maker. Sooner a camel will walk thru an eye of a needle than greedy man will enter the kingdom of heaven.
It amazes me greatly how I go from living an average lifestyle to making over 63k per month
I've learned a lot over the past few years that there are plenty of opportunities in the financial markets; all it takes is just to focus on the right thing. Credits to Zach Micah Demers
I looked up his name on Google and was impressed by his resume; I consider myself lucky to have found this comment section.
That's a lot of money you're making. How do you do this on a regular basis? You have to be a trading genius.
You can certainly earn well with a good start-up capital. I take profits every week, and I've made a lot of money investing with Sir Zach Micah Demers, but your results are dependent on your investment capital.
How can I reach him?
Search his full name
I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in the red period. What measures can I take to achieve this?
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
I got into a bit of dilemma myself due to this chaotic market, wasn't sure if to sell or just wait a little longer, 75% of my portfolio was tanking and in the red, but I began gaining clarity and have more confidence in my investment through an lnvestment-adviser, I know most DlY lnvestors like me would say advisors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amounting fees for me to be able to net $650K in less than 8months like I did this year, I truly don't mind.
Based on firsthand encounter with a fiduciary counselor “Sharon Louise Count”, i have $385k in a well diversified portfolio which has grown by 3x with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands
I never watch CNBC but had to see what kind of spin they're going to use. This video didn't mention 1) Overprinting of the currency by the Federal Reserve since the pandemic. Over 50% or more have been printed since the pandemic of the total USD out there 2) Saying the dollar is strong is a misnomer and a lie. Strong compared to the other currencies but what about the PPP Purchasing Power? Why does a baseline loaf of bread cost ~$3.00?!! 3) Blaming the turmoil on the Ukraine incident when the price of everything was already going up is another lie used to hide the fact that without data manipulation, this would have been the highest level of inflation in US history! Right now with the gimmicks and accounting fraud, it is already at 40 years high!
Not to mention Jan 2020 Gold Price -- $15-1600, April 2022 Gold Price $1950. They're Liars.
I’m waiting for that day to happen. US must pay for her atrocities around the world
Me too, have you noticed that when Putin announced that he was going to start asking the EU to pay for its gas in Rubles, that announcement wasn't on prime time television?
Why was that? Didn't want to spook the braindead populace.
💩💩, time to exchange dollars into Yuan that is appreciating😲😲
Biden has been a disaster
The US treasury bond is no longer a risk free asset for central banks after what happened with Russia.
Why would anyone expect the doors to remain open to them when they openly attack us?
That would be true if the majority of the world economy were running conservatively, that is not the case, the US might look conservative compared to the average world economy country. We borrow but foreign nations borrow more in general and the average country has a much lower population and is much more volatile. Look at Britan, Canada, Italy of example and compare debt per capita or against GDP and it is no better than the US. The Crypto angle shows this is some qasi-ad CNBC is filling air time with, Crypto is a Ponzi scheme and is a step down from gold futures or option which are also a scam but is at least based on something.
@@wamingo Lol u sure US never attack russia or others? What about the unprovoked frozen and stealing of afghan fund? U are attacked by US at civilian level in the forms of lies, just you don’t know
@@tanzine91 The afghan fund would then be in the hands of Taliban that attacked the sitting government.
Once Taliban has shown they're not just a bunch of looters, they'll probably get access to the funds eventually.
@@wamingo That is exactly why you are not reliable anymore.
This last quarter of 2022 not looking so good for the housing market. Already considering moving funds to dividends stocks
ruclips.net/video/okrmkg6akSc/видео.html
Some advise going to mostly cash before Jan. And waiting out the housing crash, stock market crash after Xmas and the depth of recession so you but the bottom in a year or two and ride the recovery. Seems to much guess work too not wait out alk this.At least retain majority in cash or gold f9r awhile.
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
Speaking of being successful . I know I am blessed if not I wouldn't
ave met someone who is as spectacular as Mrs Debra Barton
I have been surviving through my investment with her am so glad I inves..ted when I did . cause I've earned up to 78k USD in crypto trading
@@ericedward7258 O ' Yes I'm a living testimony of her good work ex..pert Debra Barton.
Mrs Debra has changed my financial
status for the best ,all thanks to my aunt
who introduced her to me.
Sanctioning countries also weaken the dollar too.
26 countries are already sanctioned by US
Weaponizing our reserves isn't new, but it does create some big-picture economic ripples.
Truth is many so called progressives are actually communists and desire to weaken the United States. Kruchev in the early sixties banged his shoe on the desk and said WE WILL BURY YOU WITHOUT FIRING A SHOT. Look at how many communists are in the democrat party nowadays
True
Large amounts of USA counterfeit money is being found, seized and investigated. We learned foreign governments are behind these large shipments. Only a government has the supplies and workers to create their own money, And therefore they are able to convert their operations to make counterfeit. They are attempting to sabotage our economy.
The US has over 20 countries under US sanctions. The weaponization of the US Dollar has made it a necessity for countries to develop an alternative to the Dollar and Dollar dominated financial instruments like the SWIFT system. Even countries friendly to the US should be thinking about diversifing away from the Dollar....if they are smart.
Currencies from Russia, China, India etc. arent safer when they already limit withdrawals of their own citizens taking out their own money in their own country.
Why do you think they will somehow treat non-citizens better?
Agreed 💯
The USG has over used the USD for wayyyy too long .. assuming there will never be consequences .. this was and is foolish ...
Agreed.
They killed Muammar Gaddafi for doing what you suggest. You really don't think countries haven't thought about it? LOL
Reading the comments, I find it very encouraging to see that so many people see through the spin CNBC is putting on this important issue, by not reporting many things that are happening on the geopolitical level, as well domestically in the US, that will end the dominance of the $ sooner , rather than later
That’s a good thing, ima just hold gold
This will be good for small town America and the World.
cuz the US wars and geopolitics has been revealed to be greed fueled
Yall are just a bunch of Russian bots
@@evolassunglasses4673 don’t embarrass yourself 🤣🤣🤣🤣
I remember a time when a $20 bill actually had value! Ah, gone are the good old days!
Lmao
Investment are stepping stone to SUCCESS, investing is what creates you wealth and wealth brings you assets. and assets buys you Freedom. Do you want to double your income by investing in the bitcoin crypto currency today its very fast way to earn extra income right from your phone
20 dollars cant buy you shyt!
Dollar dominance appeared after WW2 and all the countries in the world accepted having one global stable currency. Dollar was considered as a secure and reliable trading tool. But when you weaponize a currency only because of geopolitical crisis it decreases the trust in it.
For example Russian citizens in the past was using USD for their savings but now they cannot use them because some of their banks are frozen by USA. This means that when all the geopolitical tensions will calm down all Russian citizens will avoid any future USD holding because despite is a stable currency the Russian citizen has a Risk to lose everything in 1 day. Because of those huge sanctions against Russia any other country that also somehow have some geopolitical tensions will start pulling off from USD because of the fact that its risk is too high.
- China and USA is in tension related to Taiwan
- Saudi Arabia and USA is in tension because USA didn't provide them with Patriot defense systems to defend their soil from their enemies "Houthi attack on oil depot is one of many accidents related to this"
- Russia and USA is in tension for the war in Ukraine
- India and USA is in tension because it staying neutral related to Russia-Ukraine conflict
- Iraq, Afghanistain, Pakistain and other Asian countries are in tensions with USA as well because of the past invasions and conflict involving USA
China-Russia-India are starting to trade one with another without using USD. In other words USA is losing its dominance in world economy because of its geopolitical tensions and because it using USD as weapon against its geopolitical opponents. The moment when less USD will be required in the world in this moment it will start to lose its value.
Theres a good chance Joey Biden will be remembered as the worst US president in this lifetime.
Fed print too much dollar….that why some want new currencies that not depend to one standard
Bitcoin is answers
( no altcoin should accept because not true decentralization)
India and China are not friends, nor will they ever be.
@@Martinmarshallmargella, bit coin or all of crypto currencies? There are over 18,000 CCs. Bit coin is over rated and too expensive. LOLOLOL
I’m just reading this as a Bitcoin ad.
I am glad this is happening. This country has destroyed so many lives without being accountable .
Too many to count!
Most of them bloody thristy
Not country; politician and billionaires
You're right bro.USA has committed all sorts of crimes under the sun and they have gone Scott free.
-They have been behind every rebel group around the world just in order to disturblize other Nations.
@@Pyasa.shaitan allowed by the people.
Most don't even vote and are clueless about how to make change
Ah there's that "Not being accountable" thing xD
"Gold is money, everything else is credit."-JP Morgan
My understanding from this piece of discussion is USD will continue to be resilient, but it is time for the world order to look for a suitable reserve currency which will stand head to head with the Dollar, presently AUD, Euro and Renminbi are the contenders, we may see new ones challenging it, though it may be localized, meaning Indian Ocean and Middle east prefer the INR, Renminbi for China and India trade, and Ruble will be convertible to INR. Only time will help us remove the foggy situation that is present now
The only real contender is the euro
The whole Ukraine vs Russia thing is really going to split the world into two economies. East vs west. If Russia is cut off from the west and usd then some nations will have no choice, but to use a different currency. Seeing how quickly Russia was cut off from swift, I don't see how they would even think about going back. Other nations will take note as well
except most other developed nations has the US in their top 5 trading partners.
NWO Ukraine and Russia
also, there is the reason it was cut off. I think that is a major aspect to how other countries will react.
I see this too. This will be a massive hit to the US and EU.
@@Blaze6432 usd would still be used for trade with western countries, but trading with other eastern countries will be done in their own currency. Like saudis selling in for yuan, russia selling their gas to china for yuan and oil to India in rupees.
One other point is that, now literally every country is going to reduce their use of usd and euros in their reserves. And will diversify their reserves and will keep the usd and euro reserves in their own banks in their own countries.
And that will also help other currencies around the world while undermining usd
It is time. Time for use of multi currency. Sick of imperialist US extra territority laws
I disagree.
I agree
Stfu you have no idea what will happen if the dollar collapses. Its best to deal with a capitalism state then a new currency who will probably butcher the world with laws and sanctions we can't Handle
Agree !
I want to by something from you, I can pay with Ron, Euro or Dollars, choose one? LOL.
I guess you will chose dollars. In my travel experience in any country of the world Dollar is aceepted. Try that with any other bill. Good luck.
Starting early is the best way to get ahead to build wealth, investing remains a priority...
The stock market has plenty of opportunities for decent payouts, with the right skills and proper understanding of how the market works.
Bitcoin investment is the beginning of something great. A currency without a government, something necessary and imperative.
Bitcoin is bringing a different revolution in the world economy. People who are optimistic investors earn consistently... Others will just sit and watch.
I can boldly say that Forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status...
Bitcoin is the best investment anyone could get into. As it could make you rich in a blink of an eye
That's true, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance of any country that lacks an investment value Instead of saving money in the bank . This means, if you want to be successful you must be an investor, that's why crypto Investment stands to be the best, especially at this moment.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year's experience, i am able to build a suitable life because I invested early ahead this time.
So what kind of profitable business or investment can someone do with the current rise in economic downturn
For me Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bitcoin
@@nofiuseyi5363 you're right Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.
Yeah I made 62,800 dollars within 6days of trading with Bitcoin.
It is obvious and has been for a long time. The clock started ticking when we left gold and silver and decided to issue imaginary money with no limits, backing, or oversight. What did you think was going to happen?
Exactly. Its a fake backed by nothing system.
LOLZ.
That “imaginary money” has real use case, as opposed to the ever devaluation of the dollar
Gold & solve are just minerals, rocks even, both consistently failed as standards for currency, hence why US left them behind, much like horse drawn carriages.
Everyone in the world is an idiot to allow central bankers to talk them into decoupling currency from gold. But the situation is not hopeless, because youtube commenters know way more.
knowing the term "fractional reserve" or "debt" doesn't make you an economist my man. I have another view of debt: The faith in the future.
We should never forget the impact of the Global Financial Crisis some fifteen years ago. The warnings of future disaster were displayed clearly during that event.
This .. the financial crisis starting in '08 was never really solved ..
🤣🤣🤣
ruclips.net/video/rklLkYjCD68/видео.html
@@dendradwar9464 it started a long time ago when the government took us off the gold standard
ruclips.net/video/LWdkDSPUTrY/видео.html
Maybe it's just me but the way Irving Fisher said "America went off the gold standard!" lives rent free in my head😂
*Great video. We all strive towards financial stability and a better life. It is easy to achieve this through the right investment, by living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely. For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
@Richmond Fernandez I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$200,000* working with *Donald Nathan Scott* a licensed *financial adviser* . It’s been a promising experience so far with him.
@Richmond Fernandez As to get more details about my coach; *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned.
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Everyone should know that operating a business will pay off under certain conditions and that a job requires certain requirements to earn more than others. But with the right investment information, you can build, inherit, and store money for future spending. I always tell anyone who wants to listen to me that looking for investment ideas and having friends who help you spend less and build your finances are essential for a financially independent and healthy life.
Experts also said that the housing market is strong right before the crash in 2008. Just saying
A lot has changed since than
Crash is irrelevant that happens, there is no alternative and until there is your statement is irrelevant
The 'experts' are the most knowledgeable, perhaps that should tell you something: perhaps that it's extremely difficult to consistently predict macroeconomic trends, as there are too many assumptions you make in such a forecast.
A solid investment is property. People will always need a place to live no matter what happens
@@scmreport2457 And if you lock in a loan on that property, it is agreed that it will be paid off in dollars. It's a nice hedge against inflation and the dollar becoming worthless.
Gee ya think? Only 40% of it was put into circulation in just the last 2 years alone. All that stimulus has consequences. People are just realizing this now? lol
I'm curious what your context is, in this particular case. I don't doubt that you already know a measly ~$1000 per household income is an insult to the working poor class, as stimulus checks were just a trickle of people's previous tax dollars, rebranded.
With that mentioned, would stimulus checks not be but a drop in the bucket compared to corporate CEOs skyrocketing their own pay (not to mention the cruel wealth gap of today and the ever-increasing, outrageous military budget)? I'm not disagreeing with you, per se, rather, I believe your phrasing can be more effective, as there are a gargantuan amount of ungiven context that muddies the details. (granted, your comment would become the length of a college essay).
@@averydoesstuff Calm down bro. I'm not denying that Pharma CEOS , fat cats & old politicians didn't make an absolute killing off this...I just urge everyone to use caution on the accuracy of "advice" from any Gov official, politician or Pharma CEO. The Govs claim to "rescue" anyone ended up backfiring while they profit (as per usual). Once people understand the game, they have the option to find alternative solutions and be more prepared. Also some understanding of the entire history/creation of credit, the US dollar, & financial institutions would serve one well too. The history is available now more than it's ever been thanks to the internet. Good luck to you !
@@averydoesstuff beautifully said..
@@averydoesstuff did you not add up the last few stimulus packages? The stimulus checks were a joke to keep the sheep happy.
muh money printing
Rubel is money (back up by gold)
Yuan is money (back up by gold)
USD is paper (back up by printer)
😂😂
Opening line - “The US Dollar is accepted and traded all over the world”
Traded, yes. Accepted, no. Nothing worse than an American tourist overseas trying to pay for their coffee or whatever with some US cash. No mate, get local currency.
They do use American Express which is based on the Dollar (at the moment) and that is accepted abroad!
@@Tonydjjokerit any credit card from any country works overseas..
Also Amex isn’t based on US dollars. If you get an Amex in another country it’s based on that currency
You are wrong there are so many countries where U.S dollar is accepted.
@@samc.6639 The American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City.
I always wondered why the U.S spends so much money on their military ($750billion/year). And I just realized why, it's to keep the USD as the world reserve currency.
And the reason Libya and Iraq were "liberated", because both countries threatened to stop trading oil in USD. Gaddafi wanted to create a unified African currency backed by gold.
Если все будут торговать между собой в своих валютах тогда будет крах , но это мечты которые не сбудутся в нашей жизни
I would counter that, and say that there is simply no other currency candidate to replace the USD. Gaddafi can try to replace the dollar with unified African currency backed by gold (lol), but that would only work if 1. other African countries were on board, which most likely not, and 2. European nations that purchase these oil would use this new currency, which they would not.
And Gaddafi was toppled by his own people, not by US.
@@viperabyss Yeah Gaddafi toppled by his own people funded by money from USA.
@@viperabyss us was the culprit behind Gaddafi’s demise
@@MarlyMarlPodcast whaaaaa? Really?
everyone knows this already. It’s news 10 years ago
Things are a little off right now. The US dollar's purchasing power is declining, while its value as a whole is rising. Assets like stocks, homes, cryptocurrencies, and precious metals aren't performing as well as they could because individuals are investing their money in dollars for security. I'm worried that my $320,000 in savings may lose value rapidly. What should I do to secure my money?
You know, I've been working with a financial advisor for a while now, and it's been a game-changer. Stacey Lee Decker has been helping me out, and I've seen some great results.
@@AnnieBeischel That's interesting. I've heard about the importance of working with a fiduciary when it comes to wealth management. They're legally obligated to act in your best interest, right?
Yeah, that's right. Fiduciaries have a legal duty to prioritize your interests over their own. It's essential, especially in these uncertain times. I've been reading up on it, and it sounds like a smart move.
I think we're all on the same page here. Wealth management is a crucial aspect of securing our financial future, and having someone like Stacey Lee Decker, a fiduciary, guide us through these turbulent times seems like the way to go.
@@MollyLogan- Absolutely. Stacey Lee Decker has been a tremendous help in reaching my financial goals, and I'm confident she can do the same for anyone else looking to invest wisely.
I love how all cnbc videos start like "oh no, this is the end!" and then concludes at the end with "apparently not"
Your average person is living paycheck to paycheck, people literally cannot save because the expenses are already too high for them. Reform will eventually occur, whether people like it or not.
How many bought an unneeded gas guzzler on credit? Give a man a dollar and he spends 3.
You probably said this cause you saw a Bernie sanders tweet ...hilarious
@@roofpizza1250 it's not all about personal gas usage. MOST people do not drive them. Anyway, it's (fuel wise at least) mostly about the gas guzzling big rigs that transport almost everything we buy
@@roofpizza1250 and are we supposed to now put an overpriced electric car on credit? Would that be better?
Most people don't need to live paycheck to paycheck, basic cost of living doesn't swallow the entire salary of most people, especially not in USA with a low cost of living compared to salaries
"Maybe in danger"? LOL The US Dollar is squarely in the danger zone!
But still the reserved bank currency protected by military bases in the world it’s funny how America enemies are crawling and gasping for America demise that they are longing to wait
Tell the truth lol. Because the ruble is growing killing the dollar and Euro. Almost all Arabic Countries and others joined Russia to do business in Rubles Sanctions aren't working.
@@nativespirit4942 I'm not sure what you mean. Do you agree or disagree with my statement? If you disagree, you may want to improve your reading comprehension.
No the euro and british pound are currencies controlled by the us. The reason is because the non- western economic power countries are using the yuan or their currencies
@@CristhianN96 yeah but who do countries trust more, US or China? I think more countries across the globe trust the US more.
Those who said the dollar will not be affected are now wrong..
The overuse of sanctions, that is, weaponizing the USD, is what caused its declining status now, maybe even it losing, its reserve currency privileged status...
The East is refusing to trade in "approved" currency, dollar, euro or lb. Now we have nondollar trade blocks using local currency that the US has to eradicate. We have the Middle East discussing oil sales in other currencies, which is great for the world but catastrophic for the US economy. We are going the way of every superpower in history.
Dollar reserve currency status often misused by America.
Especially U.S Government trying to destroy U.S dollar value.
dollar backed by trust whos trust exactly lol
Ya think ! LoL
murica
Dollar go home. Make Americans rich again🤗
If USA is using SWIFT for Political usage. Other countries also slowly move away from dollar as reserve currency. Saudis also decided to sell oil to China in Yuan. This will hugely dips petrodollar value.
Hugely is an understatement. This will collapse the Petrodollar. The life or death of Petrodollar is into the hands of MBS.
china?? lol you are not serious
@@tonyodukwe China might have it's own impending crash ahead, or at least a serious dip.
@@tonyodukwe Not China but probably a BRICS backed currency to reduce the overdependence on $ & €. Just like EU is trying to reduce its energy dependence on Russian oil, the East also have similar plans on dollar's reserve status.
@@tonyodukwe
This is true.
They agree to selling some oil in Yuan.
This is in response to the sanctions on Russia
I don’t understand why we are doing this - it’s almost like someone want’s the dollar to fail. So sad when you think about it because most people simply want to live and raise their family.
In the 60s the dollar was tied to gold.
In the 70s it was tied to paper.
In the 80s it was tied to debt.
In the 90s it was tied to cocaine.
In the 00s it was tied to terror.
In the 10s it was tied to fracking.
In the 20s it's tied to lead.
3:15 Most countries didn't want to abandon gold...US forced them to...
EXACTLY what I came here to say! The other countries were BULLIED into givin gup their gold and to trust using the US dollar. Everything went downhill after that. The US also STOLE other countries' gold as well. When they went to the US to get their gold back, the US was like... "nope". Things wil swing back full circle (decoupling, moving AWAY from the US dollar).
Correct... Countries also didn't want to trade in us dollars but were forced to also.. Sure the force many times had strong financial incentives with it
The price to pay for those world war's
And when countries really tried to use gold instead of pegging to the dollar, a war began against them (Libya and the second Iraq War)
They did it voluntarily
It is not america's fault america won the world war 2 and emerged as the biggest economic power the world has ever seen.
The USD status as a reserve currency will be lost earlier than many might anticipate!
i hope so
🙃
Interesting! Thanks!
The past congress and present administration has depleted the USA's resources and put us in more debt. Therefore, it is smart for Russia, China, Brazil and large trade to trade countries to use their currency and not have to use the dollar as a go between.
High inflation and a weak dollar is what happens when you print $8 trillion in 2 years
No but other countries want to use their own money
Yes the democrats are destroying america
The dollar is getting stronger not weaker
@@thetobyg How?
@@tylere.8436 zionism
if west can kick Russia out from swift. west also can kick other countries out. everyone must take note and prepare for the situation
Because the ruble is growing killing the dollar and Euro. Almost all Arabic Countries and others joined Russia to do business in Rubles only Sanctions aren't working.
The problem with "Economics" as a philosophy. Is it was deliberately written to obscure what is really going on in "Economics". As a result it is obscured that the US Dollar is backed by oil value not gold value thus the term "Petro-Dollar". But the true usefullness of the "Petro-Dollar" is based on if it is a reliable storage of monetary value.
But that dollar usefullness was blown skyhigh. When the Biden Administration decided to cut Russia out of using the US Dollar for international trade. Making the US Dollar useless as a storage of monetary value. Which caused every nation holding US Dollars as a banking reserve. To realize the wealth held by holding US Dollars as a currency reserve. Could disappear by a stroke of a Presidental Pen in Washington DC.
As a result China holding over 4 Trillion US Dollars as a currency reserve. Decided to selloff its dollar reserves and hold only dollars it needed for international trade. And all other nations holding US Dollars as a currency reserve decided to do the same.
Thus the mad scramble to create a international currency trading system not based on the US Dollar. With each nation in a trading partner group. Trying to make its own national currency as a majority trading currency in that group of trading partners. Thus the breakup of the "Petro-Dollar" as a international currency reserve.
Of all the really stupid decisions of the Biden Administration.
Destroying the "Petro-Dollar" as reliable storage of monetary value.
Is the worst decision a US President could make.
The American Public had the sweetest deal when the US Dollar was Earth's reserve currency. As Earth's productive capacity was supporting the US Dollar. Not what was happening in Washington DC. So the American Public could live well beyond America's productive capacity.
But Biden blew that sweet currency deal sky-high in his brain-dead war against Russia. And that is what the Economists are trying to obsure now. With deranged gibberish about the realities of Economics.
The American deficit is the main reason why lots of countries came out of poverty. The biggest example are Japan and europe. The US pourposelly opened its market to Europe and Japan after WWII while those countries adopted mercantilistic measures. This was incredible important for their developement. This is the same model that Brough China out of Extreme poverty
And those developments also greatly benefited the US economy too
@@julcernine exactly. It was a win-win relationship if the country in question Was a liberal democracy. But even if it wasnt, it benefited from _Pax Americana_ -the naval presence of the US, certifing and enforcing the seas conventions that allow free and safe trade. Whose main beneficiares are the US and China.
It's not because of the euro or japanese yen. It's because non western economic powers are using their national currencies or the yuan.
Exactly
Yeah but people don’t trust the Yuan more than the US
No bro
It’s because US government has used USD as a weapon so many countries started to use alternative because no one want to be under sanctions if he doesn’t agree with US policy
Interesting, no mention of the weaponization of the dollar reducing the demand. How can an investor call the currency safe if at any point money can be frozen, or my ability to trade restricted?
Bingo....that is the real issue.
You don’t think it was seen by most countries that it was weaponized against a country who literally weaponized themselves to invade another? Stop your bs narrative.
The financial experts here were hand picked to speak highly of the dollar. She doesn't see the US dollar collapsing in her life time. She has what 15 years left? That's when I retire. What a statement. 😅
USD is at its strongest level is almost two decades. Yet people who have no idea of the current state of capital markets will just keep on spreading doomsday rumors.
Since soon no cash will be available (FDIC failure !)and the fiat money is several thousand times higher than cash-stock, we´ll see a much, m u c h stronger Greenback when Deflation finally evolves !
"May be in danger" implies a possibility of a lesser extent when it most definitely IS in danger!
🙃
The dollar reached a 40 year high against the British pound today. And is worth more than the euro for the first time in years. Also, 85%+ of all global trade gets settled in dollars. The dollar accounts for 62% of currency reserves - more than 2x the nearest competitor.
Want to back up your claim of definite danger with any facts?
Most don't pay attention of how disastrous it would be. Our debt would come due and our country would go bankrupt. Millions would become poor immediately. Then America would be similar to Germany in the 1920s
You're saying this nation can balkanize and breakup?
No, all the dollars will, probably, return to the home. All Americans will be rich a f 🤗
I heard about "The Day is Numbered" for the dollars since the 70's, and nothing is happening yet. The values of the dollars have yet be challenged by any currency.
I am still buying the dollars, and I am still good.
The world is tired of seeing US (debtor) has been issuing I.O.U. day after day
Absolutely amazing that you didn't even mention that China is the largest trading partner of 125 countries and it makes no sense for it to trade with any country in a third country's currency. But then maybe this was meant to be more self assuring propaganda and less self evaluating objective analysis. I expect better quality work from you. From the other comments I can tell others expect the same.
The real enemy of the world is America hiding behind all those media narratives, fake sympathy targeting the emotions of the people
They pawned other countries, people for whatever interest they have
These media are hypocrites, apparently, biased
I am sharing this video for people to be well informed
I pray God make them powerless and poor so that peace will reign around the globe, so they are no longer capable of creating hostilities on planet earth 🌎, may God hear our prayer 🙏 we want peace
ruclips.net/video/T4g-M91WGbI/видео.html
ruclips.net/video/V42KtSeo3uI/видео.html
You didn’t mention how china’s currency is subject to controls and not truly floating, which makes it a very bad fit for international trade. Which in turn, explains why 85%+ of all trade is still settled in USD.
Correction -- not just under threat but already doomed, just not so visible YET! RIP US & $!!!
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May be?
Uh, anyone realize that almost half of u.s. dollars in circulation were printed in the last two years?
Yes. Individual items at the grocery store cost $1 more than they did just a year ago.
Yes democrats paying for all the ppl they paid to stay home with thier "free" money.
Then thier mostly under 30 voter base sits an wines about the Cost of Living and Housing prices that have shot up due to all this "free" money and democrat "zoning"; THAT THEY VOTED FOR.
Gas has been the highest the two times Biden was in office.
Barrack Obama: dont underestimate Joes ability to mess shyt up
Just wait for 3 years when all that $ hits the system.
Hyper inflation
Yeah but, how much did other major currencies also print? You think we’re the only ones. This argument is mute. If we were the only ones doing it then I’d worry.
@@TruckerLerone jesus ive nevee seen the if all ur friends jump of a bridge to be so applicable, and this is coming from an adult.
Gee, lets all follow in Romes footsteps
If Uncle Sam had a credit score, no one would lend him money.
Wrong, we never miss a payment. Just like folks with many credit cards generally have good credit scores. Sure they might be paying one off with another but the bills always get paid. The inflation is good for those in debt with healthy income and cash flow
It does. DBRS, Fitch, and others. It's a AAA rating. The USA has questionable debt, but it's not delinquent debt. When you consider that the Chinese Yuan, Ruble, or Euro is the alternative USD doesn't look bad at all. This video covered that well.
@@rc8770 they never miss a payment because they print more money so they can make the payment.
@@rc8770 21 trillion debt still unpaid besides the dollar based on trust how far the trust is gonna stay if us government randomly decides to take your money just cause national interest lol.
@@justinminer1354 We found out that agency ratings were totally bogus when the subprime loan fiasco hit the fan, didn't we?
I don’t believe it other countries have tried this, and it has always failed.
I read a book a few years ago called the death of money and it was packed with information relating to what's happening today in 2022
CNBC is finally saying the quiet part out loud.
So economists have been telling us, don't worry about a deficit, it's different on a national scale than in your personal finances for YEARS. Turns out that was all a load. Wow, who could have possibly guessed that a deficit would be unsustainable!
🙃
Good info
There is one main reason that the USD is in Danger. Over printing.
So the overspending of the government is to blame. When you are on the verge of being in trouble and you print Trillions of dollars to spend you are fueling the problem.
When US decided to deny access of Dollars to Russia, that single act eroded Dollar's secular feature. It's only natural that nations will take note and will actively seek to diversify their currency basket.
People of earth must understand that nobody is in safe. USA can steal your money and if you try to resist they destroy you. Only Russia and China try to resist of this robbery. But they get so much pressure from western medias. Nations must use their own currencies to destroy this system when USA using 70% of all resources
@@kelvinekline5950 Perhaps global trade should continue using seller's currency. Exactly what Russia is trying to do these days. This way all currency will have some kind of value against each other and finally, global dominance of US Dollar can be reduced.
And diversify how? By buying another currency of a stable country? So it can be the euro, AUD, CAD, Pound sterling, Japanese Yen. All of these are allies of US and just like US restricted Russia's reserves, so did these countries. What next will you suggest ? Chines currency. No one want that. Not even China wants to replace USD as reserve currency. This would definitely hurt their exports and who would want to buy Chinese currency, when it's not freely tradable, frequently devalued by the CCP, to boost exports.
USD will remain the reserve currency, as no country is willing to replace it. There are a lot of downside to being the reserve currency, number one being the exports.
@@MrJayk786 Russia wants rubles to prop up the ruble otherwise they couldn't care less what currency they are paid in. Dollar/Euro.
@@abhishek2275 Just an idea. How about each currency is pegged to gold. And then each currency can be valued against every other currency in the world. So Central Banks around the world will have to maintain some stock of gold in its forex reserves and a diversified basket of currencies. If as a buyer you don't want to deal in Chinese Yuan then seek your material requirements elsewhere. This, their monopoly in factory goods also will come to an end.
“The stories of my demise have been greatly exaggerated.” - U.S. dollar probably
Famous last words!
No mention of the other Tier One asset that could easily replace the US Dollar as the global reserve currency: GOLD.
Buy gold, silver and Bitcoin before its too late. When CNBC starts running segments like this you know its about to hit the fan
@Unknown Comment you cant make bitcoin. it has a fixed supply. you can mine it just like gold but you cant create it.
Yep totally late on that bitcoin thing
Bitcoin supply is more fixed than any metal.
bitcoin will be worthless in under 10 years
Seeds for growing food might also be important to grow your own food
I think It's not because of the euro, it's because non-western economic powers countries are using their national currencies or the yuan.
Exactly, The euro is controlled by the us. The reason is what you said.
Yeah but people trust the US more than China
Are you implying that the non-western power countries have no freedom to use their own currencies or the Yuan? The US is using the USD as a weapon to sanction countries and now many countries are weary of it. Saudi Arabia the closest ally is one of them.
@@nanhinting7447 American's don't like that their politicians are friends with the Saudi nation, we would be better served if they didn't use the dollar as their exchange currency.
@@EqualsThreeable Are there any good reasons the Saudis shouldn't use the USD for exchange currency? Their earnings from petrol is USD so it is only right they used that as they deem fit. The US government officials are good friends with the Saudis and that is because they can make use of Saudis that is producing oil and selling it in USD thus propping up the Yankee Dollar. On top of that the Saudis are purchasing whatever arms that the US are producing. Again another benefits to the defense industry of US. The US cannot be trusted for long and it is "FATAL" to be friends of US. They are despicable and lack principles.
With the cost of necessities skyrocketing, it's time to cut out unnecessary spending by filing 'EXEMPT' on all IRS tax forms. You're welcome.
Finally someone who provides a clear example on why the US is actually borrowing money from other countries.
What makes the US so safe? Have you seen our political system? This country is like a roller-coaster off it's track and nobody knows where we're truly going.
we spent 2 years printing money, giving free money away, looting, robbing, and fighting over whether to wear a mask. lol. and people wonder why everything is 50-100% more expensive now.
Have you seen the rest of the worlds political systems?
@@SnowBalling compared to us? We had a failed coup and a former president declaring fraud. Straight out of a 3rd world country.
@@jahjoeka The 3rd world is 90% of the earth lol. And yes, even with Jan 6th, we're more stable than they are.
The flip side is China but you can’t talk back or go against the communist party plus they are tracking your every move with digital currency and keeping your social score with a bazillion cameras.
Such a nice way to start telling people everything is going to hell but don’t panic everything will be alright… eventually
Yes, no problem. People need to go on diets and save money. They are just too tubby. Thanks. A concerned citizen.
Worst scenario is it will make import too expensive and manufacturing is going back in US. That's what US people wish for. 😅
@@cinpeace353 It won't make American goods any cheaper, considering the terrible inflation and high labor costs and supply chain logistics problems.
And then they proceeded to completely leave out all the actual reasons that everything WILL actually go straight to hell (not like it hasn't already begun to with this 40 yr record inflation)
I don't think there is any trust in the dollar now for reasons we already know. The gradual decline of the dollar is because there is no viable alternative at the moment. Once there is one, the decline will be fast. Ask yourself this simple question...Why would any country hold the dollar if they know the US government can just confiscate their dollar reserve without due process?
US deficit is directly related for the need for large defense spending and international expenditures to maintain US global economy hegemony which is held in place by the need to use Us dollar to buy energy / oil and the international energy dependency on fossil fuels. Both Russia and China offer an alternative fossil fuel source. and seek to ways around the USA economic currency mercantile system
If you start using dollar for your political agenda eventually countries will look for alternative options
Thats the truth of it!
Can't has Ukraine.
What this lady describing were just the obstacles and hurdle for some countries to replace the USD as the reserve currency. While it may seems that it is not happening now, but you can never tell if anyone is planning on that because the requirements are there to replace the dollar
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Every time they print more money, the rich get richer. While the rest of us have less power (the dollar value goes down). There has to be a large transfer of wealth in order to fix this situation. Although sadly, people who will never be billionaires (or the top .1%), support taxing the working class more and the rich less.
CNBC: The US Dollar was the gold standard until the 1970s.
anyone else see a contradiction in this report at the beginning Dollar is in danger deficit is high and at the end Dollar is the most safe haven and will not collapse soon, so what we could conclude from such contradiction ?
They meant what they said at the beginning. The last part is to avoid panic dumping.
At this point, if you believe legacy or social media, that is your own fault.
manipulation and confuse population for the benefit of the rich who ofc know the truth since they control it
The primary advantage for the USA is that it is bounded by the Atlantic and Pacific oceans. It also has a friendly neighbour to its North and South so can never be physically attacked unlike Europe. Europe is largely supportive of the US. China I'm not so sure. As the former weakens and the Chinese economy strengthens there will come a point where an inversion will occur. This is going to occur by 2026 when the Chinese economy will eclipse the US. By 2034 if China continues its growth it will also have military dominance. Eastern Europe unless it increases its military could be invaded by Russia. Europe is ultimately dependent on Russian oil/gas resources....so there is some mutual dependency. Were Europe and Russia wise and Russia open to economic reform it'd be better for both if Russia were admitted into the EU. Were this to occur both Europe and Russia could literally dominate the globe to an extent China and the US would be inconsequential. Since Europe still dominates high end manfactured goods and Russia has the world's largest natural resources. There is lastly a third competitor, which is a possibility. CANZUK, An economic conglomerate of Canada,Australia ,New Zealand and the UK which whilst never rivalling current US hegemony could potentially result in their citizens maintaining all the world's highest living standards and quality of life.
@@andrewwotherspoona5722 this is an interesting perspective.
Dollar is not going anywhere because everyone buys what we produce in dollars and if someone wants to lose on conversion it’s their problem.
Are there social groups where you can exchange financial knowledge
Ruble being backed by gold is the beginning of the end
Lmao who wants to do business in the ruble
if people lose faith in the ruble, they could easily exchange it to gold which would deplete russia's gold reserve
@@dirtygoebel ruble = real gold
@@dirtygoebel if people want rare earth minerals and gas they will have no option than to trade in ruble
Bot
Enough is enough.. I want the good old gold standard back.. I dont trust dollar which is backed by peoples trust only😑
And gold doesn't? Gold is a very old currency, yes. But it's still almost entirely based on trust and humanity's liking of shiny stuff. The practical applications e.g., in electronics exists, but they are miniscule compared to the good ol' trustfactor and baseless desire.
There's not enough gold to do that, and also the then the fed can't keep it's finger on the money printer button
With the Gold Standard you can't print money out of thin-air !
In a world that is moving to crypto you want to talk about gold? Ok, can we also discuss the implications of the suffrage movement and the wireless?
Without printing money out of thin air this whole world the way it is now would not exist. Printing out of thin air has been the best currency for world expansion EVER!