She seems perfectly qualified for this job and I wish her much success. As she stated, the winners need to recognize the losers in globalization. If they continue to fail, everyone will.
As a fellow Bulgarian, I want to congratulate her on her success, her connection to her roots, and also for the clear indication that she's no fan of communism! Thank you for making us proud.
It seems to me (layperson) that in the event of a US default of any length of time it would spur the world to consider a basket of currencies instead of the dollar as the premier currency. This would dramatically affect the ability to sell treasury notes on the open market to other countries, so-called institutional buyers. Am I wrong?
With all respect to this women that is reasonable and highly educated I have couple of questions. You are all talking about reducing inflation, fighting energy prices but the reality is so different from the words. Utility bills are going up and up. If you have modelled a scenario of de globalisation and found that it would initially cots you 1.5 trillion. Why haven't you made a model on projected long term gains of regionalisation and fragmenting into other types of markets that are based on true economic laws? You haven't done that and I would like to hear more about that. Surely, any potential transformation has their "transformational costs" in the beginning. Let's see how the balancing act of the "integrated economy" policy adjustment impact the life of ordinary people.
Kristalina explains lightly the that globalization produced winners and losers. Losers usually on merging corrupted countries receiving loans that weren´t be used to develop infrastructure but to simulate investment and taking a big cut for politicians. That's a factor that has to be carefully reviewed in the execution by IMF. Debts are now unpayable for this poor countries with rich politicians that authorized IMF loans. Also, how are they going to fix the never ending US debt?
The only reason deglobalization (I prefer to call it localization) would remove money from the economy is because you're cutting out the middle men who don't add any value to our society other than making thigs cost more for their so-called services. Producing and selling goods locally also cuts down on carbon emissions from having to transport products around the world.
Im not trying to attack you personally but localization does lack the net efficiencies of globalization. The problem is that globalization’s efficiencies have produced high specialization among individual countries and it, along with industrialization are utterly dependent on low cost fossil fuels to exist. Our large global population is only possible due to this. IF we were to go back to localization, we would have to do it VERY gradually to avoid mass disruption. Mass disruptions would include a mass die off for individuals and populations from starvation. (Food is highly globalized) To drop the population we would have to give up a LOT of the modern comforts. We also would have to go to a one child policy like China along with a myriad of other extreme social measures to reduce population. Given that this would have to occur under a centralized power like a highly advanced A.I., communism, a fascist dictator or some combination of the above, invariably there would be a something akin to the Mao’s cultural revolution, Stalin’s purge or Hitler’s final solution that would occur because humanity, as a whole, has no ability to self regulate. Localization sounds great, but our big house of cards would come crashing down hard and society would collapse.
@@setransou I have my suspicions about where you gained your world view; but it's irrelevant because the demographic trends simply don't support your argument.
A region can produce more of some things, but it’s going to be very limited. Seasonal vegetables and fruits of course. But, many people want fruits and vegetables in winter now. Pharmaceuticals and medical equipment. It can only be produced economically in limited places. Autos, airplanes….same thing. Too much is produced in PRC and Asia. Some manufacturing should and is coming back to USA. Low cost cloths and shoes? Not happening unless there is a total breakdown in world trade from WW3…..
Di pwede i close kasi pag nag close ito lahat apectado kasi siya ang head nang table kaya ko pinasok kasi mga tao mahihirapan kahit na sana panalo ang America sa laban palang nang currency talo po lahat lahat na bansa. Di nila maramdaman ngayon but when close the table all they feel it
When loans are created, it's easy for the wealthy to take advantage of the poor. If this woman has her way, she would help insure that there are no losers in the loan agreements. I.E. the wealthy would not be able to take advantage of the poor and also the other way around.
!!! She works for the IMF. The principal lender to all low income countries... at interest they cannot afford let alone the principle balance. You couldn’t be more fcked up in the head buddy
IMF - Please ask Pakistan to share information on assets purchased by government officials in Dubai, UK, Canada and US!!! Help however u will realize that’s where all the money is going…
IMF can swap all Pak Media Channels with Breaking News I run in past...IMF can print currency and keep in his vault after calculation they will see IMF have to pay or Recovered from Pakistan As per Google Rules..Thanks..RGS
Rai mein to abhi tak jitna nuksan hua uska jimmedari yah hai jo ukrain mein masala hai magar prime Minister Joe Biden Syed dogli policy chalata hai office ke sath complaint Shuru kar rahi hai Baki main Chahta Hun main khud Apne Ghar walon ke liye kuchh kar dun Taki vah apni jagah per aisa kaun se Rahe
Islam is waiting for the Return of the Gold Dinar They might be right -- Hour will not come before the Euphrates uncovers a mountain of gold that people will fight over Big earthquakes can sink & rise lands
Isnt it messed up that she has a personal bias to Ukraine and she makes the decision to send them a ton of money? How far are we willing to go for Ukraine?
The crypto market is highly profitable with an expert broker just like Mr Ray Dalio I got recommended to him and since then my financial life has been a success.
Human right-UNO-IMF PLZ msg them and do viral on all famous plat forms InTouch with that we do not need budget to aprove in Pakistan to this present govt in wrong hands.this govt will loot all in its pockets
I went to the market to get me some Grub...I took all my money, it wouldn’t even fit in a tub...so I ran down to the nearest bank in town,I took out my money from the ATM clown...I ran back to the store to get me my grub, and all I could afford was another damn tub...no food on the shelves...not A can in sight... A loaf of bread will be the price of an airline flight....so what will we do when we’re hungry and worn....we will wait here for Parousia .....the king of thorns!!! ◦  ◦
She seems perfectly qualified for this job and I wish her much success. As she stated, the winners need to recognize the losers in globalization. If they continue to fail, everyone will.
The IMF have been consistently wrong with their forecasts.
Lies again? Miami Birds Green Pink
As a fellow Bulgarian, I want to congratulate her on her success, her connection to her roots, and also for the clear indication that she's no fan of communism! Thank you for making us proud.
I appreciate Christina's honest answers and her concerns towards economic policies in EM
Great interview
I think some countries like mine would be better off if loans were not offered to them. Unnecessary debt
mine too 🇯🇲
agreed
Great segment and valuable information presented well. Also, she's a proud Bulgarian. Most successful Bulgarians are ashamed where they came from
60 minutes in 13, wow!!
It’s a different world now......most people don’t want One World Government. Consolidated power at the top crushes freedom.
Economic investigator Frank G Melbourne Australia 🇦🇺 still watching this very informative content cheers Frank
Every word kristalina georgieva says ...makes me see myself in her..connect me with her
I like georgieva. she has the right things in mind. a warm soul,.
Didn’t expect the head of the Impossible Mission Force to look like that. The more ya know
One of the best Bitcoin commercials I’ve seen this week.
Will the 'State of the Union' address this 'elephant in the room'?
If one is interested in Kristalina there is a interesting discussion with her during Davos.
It seems to me (layperson) that in the event of a US default of any length of time it would spur the world to consider a basket of currencies instead of the dollar as the premier currency.
This would dramatically affect the ability to sell treasury notes on the open market to other countries, so-called institutional buyers.
Am I wrong?
Mark is such an awesome dude
Mark has manners; he’s not rude!
Mark’s on time, he’s never late
His fav number is 9898
@@edgar.e.t.higgins ET - eerily touching?
Thanks to Gerogieva's prognostications I was able to see COVID coming and everyone else was surprised by the global economic downturn in 2020.
With all respect to this women that is reasonable and highly educated I have couple of questions. You are all talking about reducing inflation, fighting energy prices but the reality is so different from the words. Utility bills are going up and up. If you have modelled a scenario of de globalisation and found that it would initially cots you 1.5 trillion. Why haven't you made a model on projected long term gains of regionalisation and fragmenting into other types of markets that are based on true economic laws? You haven't done that and I would like to hear more about that. Surely, any potential transformation has their "transformational costs" in the beginning. Let's see how the balancing act of the "integrated economy" policy adjustment impact the life of ordinary people.
Kristalina explains lightly the that globalization produced winners and losers. Losers usually on merging corrupted countries receiving loans that weren´t be used to develop infrastructure but to simulate investment and taking a big cut for politicians. That's a factor that has to be carefully reviewed in the execution by IMF. Debts are now unpayable for this poor countries with rich politicians that authorized IMF loans. Also, how are they going to fix the never ending US debt?
Thanks¡¡
The only reason deglobalization (I prefer to call it localization) would remove money from the economy is because you're cutting out the middle men who don't add any value to our society other than making thigs cost more for their so-called services. Producing and selling goods locally also cuts down on carbon emissions from having to transport products around the world.
Im not trying to attack you personally but localization does lack the net efficiencies of globalization. The problem is that globalization’s efficiencies have produced high specialization among individual countries and it, along with industrialization are utterly dependent on low cost fossil fuels to exist. Our large global population is only possible due to this.
IF we were to go back to localization, we would have to do it VERY gradually to avoid mass disruption. Mass disruptions would include a mass die off for individuals and populations from starvation. (Food is highly globalized) To drop the population we would have to give up a LOT of the modern comforts. We also would have to go to a one child policy like China along with a myriad of other extreme social measures to reduce population.
Given that this would have to occur under a centralized power like a highly advanced A.I., communism, a fascist dictator or some combination of the above, invariably there would be a something akin to the Mao’s cultural revolution, Stalin’s purge or Hitler’s final solution that would occur because humanity, as a whole, has no ability to self regulate.
Localization sounds great, but our big house of cards would come crashing down hard and society would collapse.
@@setransou I have my suspicions about where you gained your world view; but it's irrelevant because the demographic trends simply don't support your argument.
A region can produce more of some things, but it’s going to be very limited. Seasonal vegetables and fruits of course. But, many people want fruits and vegetables in winter now. Pharmaceuticals and medical equipment. It can only be produced economically in limited places. Autos, airplanes….same thing. Too much is produced in PRC and Asia. Some manufacturing should and is coming back to USA. Low cost cloths and shoes? Not happening unless there is a total breakdown in world trade from WW3…..
this is the best foreigner i’ve heard speak english!
Tribal tradition since time immemorial
Are you being sarcastic
Wow😮
The ancient Hebrew concept of 'JUBILEE' might merit serious consideration.
Give me the power to create dollars and I care not who make the laws for subject.
Hi Georgiava go ahead to clear 60 Minutes channel as whole
I'm already broke
She seems has empathy for global poor. I hope she will bring some positive changes to the economy.
IMF like. Others Gangs banks
Hallo kristalina how are you dia
Hungary, Serbia, Romania and Bulgaria remember what happened in the middle of the 20th century.
what happened?
@@alexcipriani6003 An attempted dissolution of national identity via the acid of war… my typo was 21st century, not 20th. Oops.
Di pwede i close kasi pag nag close ito lahat apectado kasi siya ang head nang table kaya ko pinasok kasi mga tao mahihirapan kahit na sana panalo ang America sa laban palang nang currency talo po lahat lahat na bansa. Di nila maramdaman ngayon but when close the table all they feel it
Boycott all things China 🇨🇳. #BoycottCCP #BoycottPRC #BoycottTheChineseGovernment
Plus the #WuhanFlu
When loans are created, it's easy for the wealthy to take advantage of the poor.
If this woman has her way, she would help insure that there are no losers in the loan agreements.
I.E. the wealthy would not be able to take advantage of the poor and also the other way around.
!!! She works for the IMF. The principal lender to all low income countries... at interest they cannot afford let alone the principle balance. You couldn’t be more fcked up in the head buddy
Approx 1000 Million views in past count Approx 10 Channels😄
👍🏼👍🏼👍🏼
IMF - Please ask Pakistan to share information on assets purchased by government officials in Dubai, UK, Canada and US!!!
Help however u will realize that’s where all the money is going…
Impossible Mission Force?
😂
Devils
Think 🤔🤔 SO GREED BADDDDD
agreed
IMF can swap all Pak Media Channels with Breaking News I run in past...IMF can print currency and keep in his vault after calculation they will see IMF have to pay or Recovered from Pakistan As per Google Rules..Thanks..RGS
BOV Swap😄
😲😲😲😲
👍👍👍👸✊🌍
🌹💎👑🌄
⚓🙇🙏💐🌷💙💛🔸🌌🙋💫⏳🆕🆒🌐🔂
Rai mein to abhi tak jitna nuksan hua uska jimmedari yah hai jo ukrain mein masala hai magar prime Minister Joe Biden Syed dogli policy chalata hai office ke sath complaint Shuru kar rahi hai Baki main Chahta Hun main khud Apne Ghar walon ke liye kuchh kar dun Taki vah apni jagah per aisa kaun se Rahe
Islam is waiting for the Return of the Gold Dinar They might be right -- Hour will not come before the Euphrates uncovers a mountain of gold that people will fight over Big earthquakes can sink & rise lands
Isnt it messed up that she has a personal bias to Ukraine and she makes the decision to send them a ton of money? How far are we willing to go for Ukraine?
How do you think those decisions are made? By this one person? Very uneducated guess.
Fantastic video😊 regardless of the economic slump, I'm so happy I have been earning $ 40,000 returns from my portfolio income every 13days.
Wow I'm just shocked you mentioned expert Ray thought I'm the only one trading with him.
Sounds cool and how do I go about getting started? And how much $ do I need to start up with
How can I get to him please help
The crypto market is highly profitable with an expert broker just like Mr Ray Dalio I got recommended to him and since then my financial life has been a success.
Trade with him and remember to share testimonies with others ☺️
Human right-UNO-IMF PLZ msg them and do viral on all famous plat forms InTouch with that we do not need budget to aprove in Pakistan to this present govt in wrong hands.this govt will loot all in its pockets
I went to the market to get me some Grub...I took all my money, it wouldn’t even fit in a tub...so I ran down to the nearest bank in town,I took out my money from the ATM clown...I ran back to the store to get me my grub, and all I could afford was another damn tub...no food on the shelves...not A can in sight... A loaf of bread will be the price of an airline flight....so what will we do when we’re hungry and worn....we will wait here for Parousia .....the king of thorns!!!
◦

◦
👏Very nice. Who was that from?