Gravitas: Rich nations make "imprudent gamble" with global economy
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- Опубликовано: 17 апр 2024
- A United Nations report has come out. It warns that interest rate hikes by rich countries like the US could hurt developing countries the most. Molly Gambhir tells you more.
#richnations #globaleconomy #gravitas
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Now with the recent economy, To get financial FREEDOM you have to be Making Money while you're asleep
Some traders aim to foresee market moves when they enter the market, which is near impossible
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.
@@Ceciliamontgomery141 I agree, my proffit have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser. I found her on a CNBC interview where she was featured and reached out to her afterwards. long story short, its been two years now and I’ve gained over $85ok following guidance from my inveestment adviser.
@@chrismillson2779 Please can you leave the info of your invstment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
We the people of the world are manipulated by big businesses, oil companies, banks and governments mostly for their benefit and not ours. When will we the people of the world unite and make changes that benefit us and not them?
I have uploaded on Iranian drones in action in Ukraine..
I try every day
it's not possible in near future.
Well big business helps employ the people. U do away with banks and business ur economy collapses. And people starve and die.
And replace it all with what? There will still be and always be some governing body of corporate and political institutions that will control the global economic structure and benefit a percentage of the populace.
Miss u Palki
Did she leave ?!!
Yeah she left..
Make no mistake, this isn't accidental. Ask yourself, are the ones offering the solution the same ones causing the problem?
yes they caused the 2021 rally.
The market has been on a decline since 2013. We never recovered from 2008
@@robertagren9360 they only kicked the can. Now the chickens are coming home to roost
More appropriately, rich nations have always gambled with the global economy to enrich themselves and, economically colonise and control developing nations. It's inaccurate of Gravitas to attribute the energy prices, inflation and the downtrend in the global economy to the Ukraine war. It's more accurate to attribute it to the deliberate economic sanctions imposed by the US, G7 and the EU to further their geopolitical interests in subduing a defiant Russia. In the process these countries have chosen to punish and rob the aspirations of over 6 billion people who have little interest in the results of the war in Europe and, neither does it benefit those Europeans whose leaders doggedly support the war. This is a classic example of overuse and abuse of the clout of the G7 despite the unwarranted collateral damage into the near future of the 6 billion of others. The UN too chose to play it's part in aiding and abetting the drivers of the global economy in this massacre. WWI and WWII are not really the world at war but the privilege accorded to these so called developed, civilised and democratic nations to ensure that everybody in this world pays a price for their excesses. This tyranny of the US, NATO, G7 and the EU needs to end for the peaceful nations of the world to achieve their aspirations.
I live in Belgium. Belgium is divided in three parts but two main parts: Flanders (Dutch) & Wallon (French) speaking.
You also have a little part of German spearking people in Wallon.
We in Belgium have 7 parliaments (but I'm not going into detail).
The most important one is the Federal government. 50% of the seats is for Wallon, 50% of the seats for Flanders, but Flanders has 60% of the population.
In Flanders, most people vote right.
Our federal government is a central left government. The Wallon government forbids it to speak with a party is it's "too right" for them & forces to make a central left government.
Also, we have around 14 mayor parties in Belgium (7 in Flanders, 7 in Wallon). You can only vote on parties from your region.
When we were voting, in Flanders the "winner"party had around 24% votes (so 12% seats), the second party around 22% votes. All other parties had a lot less votes.
Both biggest parties are not in the federal government.
Why? Because you need 50% of the seats & 4 smaller parties joined together after the results to they get the "minister" spots.
Talking about a democratic system.
Not everyone is greedy. It's 💰 currency that does that. Any emerging nation has the same aspirations as the richest countries, they just haven't reached their goals yet.
پپپپپپپپپپپپپپپپ۱۱۱
Dude hell naw. They attributed it to the right cause. The war in Russia. This is Putins war. If he left Ukraine the war will be over. Unfortunately for Russia sanctions won’t end at the end of the war.
Putin has really jacked up future generations of Russians
God bless world! 💙💛 ukanias och volunteer!
How about we switch from USD to a shared global currency for international trade?
Why is it that the US can print dollars as they see fit without asking any other country?
Edit: The United States dollar was established as the world's foremost reserve currency by the Bretton Woods Agreement of 1944.
At the time, Britain proposed a global trade currency instead.
But, the US had the possession of most of the developed world's gold reserves because of the world wars. There were other factors as well. So, the USD became the defacto world trade currency.
I have uploaded on Iranian drones in action in Ukraine,
USD is the global currency. Not much would change if another currency would be introduced to replace it as a global currency.
@@Deadassbruhfrfr How about a currency which is not regulated by a single body??
@@phoenixbagri744 You mean that should be done by multiple bodies, as in a global body of coordinating international actors? Yeah we see how well that’s working out with the current demise of supranational structures
@@mark9294 How about a decentralized system for facilitating global trade?
I am Australian and like the female accents and also the well researched themes presented - a good channel for accurate news
Accents or accent?
I love her voice on 2x speed
Gravitas without Palki is just like listening to alexa..
Mamma boy. Can't live without your mama?
😂
Taka bhidana hain kya palki ke sath..chup chup news sune ke toh palki kidhar hai..dholki kidhar hai..
do not agree. Molly is doing a wonderful job!
what a fucking joke, the global economy = everyone, we must be in debt with the Martians, i wish to know who is behind in this shit
The UN is no more than a clown on today's date
I have uploaded on Iranian drones in action in Ukraine
Un itself useless body
UN has been same since its birth
Venezuera and iran can’t sell oil because of sanctions. So who is to blame for the high oil prices
@@bizarrocker So should we sanction US for what they did wrong all over the world???
Excuses, excuses.
@@bizarrocker like china via covid.
N USA via its $ manipulation destroyed world economies to save themselves thanks..
Obviously its USA .
TO SELL ITS OWN OIL AT WORLD MKT ..AT HIGHER RATES
USA
Did you know that the United States can make oil from shale for less than $40.00 per barrel?
We did this under Jimmy Carter and OPEC immediately cut the price of oil to $30.00 per barrel and put the shale oil companies out of business
YA we tried that in the uk 5 miles from Blackpool 10 miles from were i live I am fifty never had or been in a earth quake ......O wait when they started getting the gas from the shale we had 4 earth quakes in 4 weeks they soon stopped it and so did the earth quakes
@@MsWagons You do it differently than we do. (I think you're talking about natural gas)
We mined the shale and compressed it to squeeze real oil out of it
im ok with the US having the last reserves
The average American has no concept of a global economy, which unfortunately drives a lot of politics here.
Half don't know squat. They get told to their faces that the oil industry will be attacked and yet they vote for a senile old man that soils his diapers and can't remember what he's doing or where he's at . . . unfortunately this is the result of all the technology that has pacified us.
it is that way for a reason.
@4:13… un conference on trade & development or UNCTAD for short. besides the t&d report, they also produce the world investment report or WIR for short. very useful & accurate data not only on the global economy but also on individual economies too. i refer to it very regularly in my work, together with sources from WB, IMF, UNDP & international banks & consultancies.
I have uploaded on Iranian drones in action in Ukraine
In My city 91 is 6.99 a gallon, my pockets gonna hurt heavy
The only global response could be stop using dollar as currency for international trade
It is so funny and annoying how USA and the west have been exploiting the world with their paper currency: they just print and buy what ever they want.
Nobody is forcing the dollar on other countries. While it is a mix of many things, the US military being able to defend its territory at any cost, gives it the so called "safe haven". Additionally, the neutrality of the judiciary to protect investments also place a role. This is the same reason why the Swiss Franc is worth so much. Both Switzerland and US produce, consume a lot as well. China could fit there if they were not bent on ideology. Russia does not fit since it does not produce much consumer goods nor is its judiciary neutral. Same with India. Not to mention, China, India and Russia do not allow international trade in Rupees without conditions.
@@SolomonSunder
I don’t know which world you leave in but for any import export the currency medium is dollar and American swift system. They used that always first when tried to bring sanctions on any country
@@dipakshah1479 The US does not force any country to between themselves in US dollars. For example both India and China will not want to trade in Rupees or Yuan and both want the dollar by themselves. The SWIFT is a payment mechanism and is run by Belgium and not the US. It can transfer any currency. Has nothing to do with the dollar. India has its own version of SWIFT called SFMS. So yes, if India convinced enough countries to use the SFMS, the sanctions would be useless. However, countries find the US to be more fair than India, India does not promote it and hence nobody uses the SFMS. As for sanctions, we also did one to Nepal recently. So we are no different in that sense.
Just think, all of this could have been avoided by our governments.
*No it couldn't have, because... he who controls the current of the sea is the master of currency, the citizen ship(citizenship) is a salvage of indentured servitude against your title.*
I'm Ready Now!
A very well done expose on this topic
He was wonderfully decorative once again here. His serve was a wonder. It is a marvel to watch, the way that motion transforms this gangly, slouchy figure into an expression of pure physical grace. The serve itself is a kind of ripple, an undulation, taking in knees, arms, wrists, legs, pulsing up the length of his body into the fast-twitch whip of that right arm.
Thank you for the facts
Great job reporting Molly Gambhir, excellent news cast..
How much money do these people need, seriously...ALL of it I guess
The red ball sat proudly at the top of the toybox. It had been the last to be played with and anticipated it would be the next as well. The other toys grumbled beneath. At one time each had held the spot of the red ball, but over time they had sunk deeper and deeper into the toy box.
Very interesting
Every civilisation has to come to an end. Maybe this is the time.
Are you saying US is going to come to an end
You should change the caption into "Oligarchs Gambling in the Global Economy".
“That’s where I’m at at the moment, just trying to work through the next steps in grief. It is going to come and go. A lot of people, they feel like people just move on, which I guess I have to do - the whole point of this is moving on. But also not letting go, I’ve got to find a way to honour him.”
Good reporting.
Nice analogy using deck of cards. As on economist once said, "People have all of this debt and no way to pay, so what do you think is going to happen? It's going to cave in on itself."
How long can golden lanka will stay intact??
Conversely, everyone celebrates when the dollar shrinks... But this is why other countries must raise their rates as well. This idea of negative rates put them in a precarious situation.
They mean UK
It is believed Carlsen chose to make a single move rather than none at all so as to technically fulfil his contract with the organisers. If one or both players fails to make a move, the game counts as a default and not as a completed game.
While this was very much a premiership of institutional dominance, it was also one of remarkable stories. Few had rated Edwards among the elite full-backs at the start of the season but he finishes the year on the cusp of Australian honours. Reserve Jaeman Salmon was thrust into the headlines earlier in the season when Canberra coach Ricky Stuart called him a “weak-gutted dog”; he is now a premiership winner. Viliame Kikau and Api Koroisau long ago announced their departures in 2023; they leave with back-to-back titles.
First thing in life is always to sit down to negotiate to accommodate as much as possible everyone's need. Refusing to do so is against fairness, a sign of bullying, no matter how one wanted to twist the fact.
man, fucks the saudis. they're artificially bringing oil prices up for no reason than greed
The United States has been bullying the world since WW II. JFK and Jimmy Carter tried to make peace. They assassinated JFK and did an economic assassination of Carter
Susan tell me when you want to come to the real world darling
@@bigmatthews666 If the United States is really controlled by its citizens, then negotiating is ALWAYS a 1st option. If it's not then we need a new government.
With this it’s certain to my internal dialogue that a recession is very really probable, as opposed to only being ‘possible’ before. I shall now get my assets in order
Are you insane… The recession is not probable it is here was here for a long time just because Biden tried to change the definition of inflation doesn’t mean we were not in a recession.
Intro is a good description of western ponzi financial system.
no big deal.. we’re all in it together…
How would we get a sun and the planets to be lit. If we were putting a mobile with the sun in the center. Lighting the planets in the ceiling arch ? . ?
The sun passes over and shines into focal lenses and those things light up.. no. I'm thinking simple.. 8 faces on each of the circumferential rings/ bands.. and each of them each shoot to a unified set of points all the time, the 8 at each band, over the dome..
It would look good and sparkle from the outside and look very impressive for miles.. like a top emerald cut of some kind, and the underside be focal titts or nipples .. clear see through sections within the dome. As bricks would be? Herring bone or other patterns as seen from the outside, looking upon the dome.. and the inside side the stars and those stars being the lense that focuses into the central sun or moon?
Variations on the theme?
Even the tips of the sun could be shined down into the tip, and the frosted glass glows?
Different colors being infuse into the white glow over the day..
... ?
Sorry.. I'm getting too thoughtful into it, there are many ways..
How about enough recycled glass options and such.
.. even the stars light up the face of it and against the gold or silver or other metals or crystals that ring the 🌟.. a central beam collector divot on the back and focusing to the diffuser reflective facts mirrors angles ? Like those short telescopes but to light up the stars more so under the darker backround of the dome.. .. OK, I'm not able to keep my mind on it without thinking also of constellations and such.. lol.. I apparently have been thinking about it too long.. I'm tired. Lol
At the least I have thought and said that those glass and glass bricks should be used and some of the women are to settle on the design and function.. and I'm not sure , but I think a magneticly coupled radiometer with really good balance and low friction could move various pieces , with mirrors and such, like one of those kookoo clocks things..
Ought to be a fun art and design thing.
Kisses. You're sexy.
Any good news from india's oil exploration in andaman?
We want palki as gravita plus reporter ,please give a like if u support,bcuse she explained very well
ano🙂
capitalism is marred with crises. it's volatile and needs a fix always.
Good keep it coming
Niemann wants to be world champion, but his four rivals have the same ambition. That probably means, in terms of his spat with Carlsen, their paths are likely to cross less frequently in future and that will be accentuated by organisers knowing they cannot include them both.
The OPEC+ countries has targeted the capped price proposed by the Euros. Well, nobody is discussing this but what is the impact on the capped price? The price of oil is going up because of the reduction of production by the OPEC+ countries so of what relevance is the capped price? It fell by the wayside.
Only one solution. Stop the war! Stop selling weapons! Push negotiation!
1. one mile 90 minutes 40 minutes a card and key to go to school and back everyday. 2. assignments quizzes exams and essays. 3. and a calendar to follow.
Molly Gambhir is doing an excellent job in replacing Palki.
The Fed will continue raising interest rates until spring is my guess.
End sanctions on Russia
Agree! This should be done first thing as soon as Russia gets out of Ukraine and gets new leadership!
@@froodtube USA has more bases then any country, occupying Germany and Japan still, funding coups and terrorists. These are all facts. Russia is the hero, who fought back against the bully USA. You should support that.
What planet has everyone else been inhabiting for the last 20 years? we've never not been in recession and never not been in trouble, I cannot remember a single day since 1997 that there's not been some sort of disaster used to let average people know they have to go without or with less or just die off.
Good news thanks.
Best news of the month , we all need to slow down oil consumption and one day be liberated from oil dependence…..´
The spot was perfect for camouflage. At least that's what she thought when she picked the spot. She couldn't imagine that anyone would ever be able to see her in these surroundings. So there she sat, confident that she was hidden from the world and safe from danger. Unfortunately, she had not anticipated that others may be looking upon her from other angles, and now they were stealthily descending toward her hiding spot.
She read a 4 minute article and is now a self proclaimed expert in monetary policy and economics. Allowing the currency to become unstable is a far greater concern for the world, but don't tell this lady.
There is an insurmountable imbalance. That needs to be remedied. Lot of the young and developing countries, even India, China, South Africa, Russia, Brazil, South American nations, should reduce the exhirbitantly high interest rates.
As to the current high Oil price, this will reflect as huge payment deficits for most nations; they are having to pay beyond their means.
The world is awkwardly polarised...For survival, all the major economies will need to help out, to prosper growth wherever possible, and feed the world.
🙂logically ppl will invest more in developing countries because it is cheaper and more stable. 😔 but the problem is, some stuffs increased its price and is single source. the issue is the trading in dollar.
Trading in dollar has nothing to do with inflation after 2 years of economic shutdown a recession is due.
Invest into an electrical bike, the best mode of transportation.
Our lowest price record in I’ve ever saw in Canada since 2021 was CA$1.369. And then it went up again 😭
Great Britain’s Kyle Edmund is also set to enter his first singles event at a grand slam in two years. The 27-year-old’s career has been derailed by a knee injury but he made his comeback at Wimbledon, playing in the mixed doubles. Due to his protected ranking of 48, health pending, he will be included in the main draw.
It takes quite awhile to heal from surgery. I hope all goes well.
As another wound was sustained in golf’s civil war, Harrington, a member of six consecutive Ryder Cup teams between 1999 and 2010, said he had “no empathy” for the Swede. Stenson was the Irishman’s vice-captain at Whistling Straits last year and just four months ago signed a contract to lead Europe into competition in Rome in 2023.
This was, of course, a Djokovic story once again but then men’s tennis has basically been a Djokovic story for the last 10 years. Here the lineal world No 1 was utterly clinical, his levels vertiginously high, riding out a sublime first set when Nick Kyrgios seemed to be playing in clean, crisp perfect sunlight, then reeling in his man via a ruthless fourth-set tie‑break.
💪No Vaxx Djokovic.
There is sometimes a darker side too. In 2020, Botez warned it was still common for male players to use their age and position to go on the “hunt” for women and girls. “It has been going on for so long and no one blinks an eye,” she said. “The extent to which people never say anything and find things OK is pretty spooky.” Other women echoed similar concerns to the Guardian, but none wanted to go public.
Why is the audio on WION. So low.
World has seen health crisis ,war crisis so I hope we don't see economic crisis. We civilians irrespective of our borders have seen too much .
HA HA I filled my tank yesterday for $2.89 for a gallon. we are self sufficient now!! But this weeks debt is only $31Trillion. We had more of thaat in the 80s (like 67T) and the interest rate was only 15.00% then. But we have been printing to pay off to manage.
USA is regulating US dollar, OPEC is regulating oil. All is fair.
She patiently waited for his number to be called. She had no desire to be there, but her mom had insisted that she go. She's resisted at first, but over time she realized it was simply easier to appease her and go. Mom tended to be that way. She would keep insisting until you wore down and did what she wanted. So, here she sat, patiently waiting for her number to be called.
By design.
Thanks WION
I pray to God to bless everyone 🙏🙏 in the Global World based on Friendship, Mutual Understanding, Peaceful Coexistence,Non Violence And Justice For All.
It was supposed to be a dream vacation. They had planned it over a year in advance so that it would be perfect in every way. It had been what they had been looking forward to through all the turmoil and negativity around them. It had been the light at the end of both their tunnels. Now that the dream vacation was only a week away, the virus had stopped all air travel.
To bring in digital currency
I am not a economist nor Harvard returned doctorate, one out of millions and millions aamjanta. With my limited knowledge what I have understood here , I like to share with you. Recession and inflation of economy is a natural phenomena like atmospheric weather uncertainty nobody can alter it except predict and take a precautionary measures. It is true for country as well as individuals. Yes, in that precarious condition also has become a opportune for few global economically powerful countries, as they are having multiple avenues to alter the global recession to a opportunity for them. In this regard USA is number one, prolong Russia Ukraine war has given the extra benefits to expand their defense security market. Entire Europe scaring of Russian aggression , increasing their defense stock piles, are purchasing huge arms, ammunition, tanks, fighters what not. So actually they usa is the main culprits for world recession but it is not a end of game, future will say who are actually gainer for coronavirus pandemic and war. Though for the time being it seems USA is most gainer but my sense tells otherwise. Once geopolitics to be understood by other nations clearly then their next movement may crash the monopoly duopoly of few countries who dominate world economies from the back. We the individual only have to learn how we can save guards our Interests. Thanks.
Zzzzzzzzzzzzzzzzzzzz. Your first eight or nine words were the only accurate ones.
The world had been having very good time with very low or near zero interest rate for a very long time and it is over. The low interest is the cause of high inflation and overpriced asset prices . The oil price should be at least $150 per barrel . A cup of coffee cost more than a liter of petrol and people keep complaining about oil . These zero percent interest rate caused many retired people to live impoverished life in many countries . There is nothing imprudent about raising interest rate , should have been done much earlier .The interest rate is still under 4 percent and most of the people have never seen 20% interest rate of eighties . Consider yourself lucky and stop complaining .The things will only get worse for most countries due to deglobalization .
Where is Palki, where isssss Palkiiiii.... Gravitas without Palki?....
Preliminary final weekend is supposed to be the people’s round. The following week is for the corporate and the fortunate. At preliminary finals, it’s a pure football crowd. But there’s nothing pure about “What’s New Pussycat?” following a check-side goal. There’s nothing pure about a perforated eardrum.
Currency wars, money is used as a form of power, and the families that control it do not want to relinquish that power. Eventually even the elites are going to have to choose a side.
Rich nation or rich people in those nation ??? why do you blame it on rich nation.....its actually rich people in those rich nations....because the common people all over the world are same....paying their taxes and dying on daily basis because they cannot think above bread and butter easily......
Absolutely agreed with you
I agree with you
The rich people on the rich nations are more predators
So basically you mean that’s not democracy? Ur rich class is dictating you ?
I think before handing global crisis you people need to fight for freedom… because that means your people are not free
Buy the 1 percent add service fees and recharge it?
Not the so call drivers...thus referring to OPEC+.....did you hear another group G7 deciding to to cup the oil price?
Give both sides of the story
The home fans were perhaps going to use their disappointment at their team’s performance as an excuse to demand selfies, added Prayogi, 29, the owner of a shop that sells football clothes, who asked not to give his full name. At that point, things were still calm, he said. “There was absolutely no tendency to attack Persebaya’s players,” he added. “Their captain even had the time to pray and thank God for their victory in the middle of the field,” he said.
She sat deep in thought. The next word that came out o her mouth would likely be the most important word of her life. It had to be exact with no possibility of being misinterpreted. She was ready. She looked deeply into his eyes and said, "Octopus."
Negotiations always count on both sides wanting a deal…America wants NO compromise. The US has been pushing around all other countries for decades. Time for a abrupt change for American wether they like it or not.
Interest rate hikes are to combat inflation and they will have to rise much higher yet
I fail to recall the UN so upset when the world shut down the economy for 2 years and Governments printed absurd amounts of money and distributed it with helicopter airdrops.
All the countries had the duties to avoid global depression.demands an emergency meeting in United Nations.also un must intervene to stop Russia Ukraine war.
namaste asante.
What were the chances? It would have to be a lot more than 100 to 1. It was likely even more than 1,000 to 1. The more he thought about it, the odds of it happening had to be more than 10,000 to 1 and even 100,000 to 1. People often threw around the chances of something happening as being 1,000,000 to 1 as an exaggeration of an unlikely event, but he could see that they may actually be accurate in this situation. Whatever the odds of it happening, he knew they were big. What he didn't know was whether this happening was lucky or unlucky.
This is just the consequence of a delayed response to the 2008 financial crisis and Covid. We could have gotten away with the one but with the irresponsible measures that were put in place around Covid mandates, we are in trouble now. Well done World leaders. It is about time we put experience leaders in place.
Oil prices WILL spike maybe even double. 2 million barrel reduction! Normally they do 500k and fuel goes up, couple that with inflation. Everything is about to skyrocket in price and it will catapult and skyrocket.. buckle up boys
He scolded himself for being so tentative. He knew he shouldn't be so cautious, but there was a sixth sense telling him that things weren't exactly as they appeared. It was that weird chill that rolls up your neck and makes the hair stand on end. He knew that being so tentative could end up costing him the job, but he learned that listening to his sixth sense usually kept him from getting into a lot of trouble.
I woke up this morning, went to work and now going home.
Enough of enough of ENOUGH ..... on this global depopulation on humanity!!!!!!!!!!!! We are not sheep nor you are our shepherds ..... leading sheep to slaughter,, then proudly wearing our wool...
Rest in peace for whom has lost someone in these last few years.
the sanction that make the oil price hike . USA should let Venezuela oil , iran oil and russia oil in the market . OIL market should be OPEN market .
*HI Molly* 😉😁👍👍
How is this not price fixing?
its not, because the US is trying fix inflation in its own borders which is a US issue the problem is that the rest of the world is also having issues due to covid lockdowns and the war in Ukraine and because the world is attached to the US dollar for trade the rest of the world is feeling the effects the real issue tho is that whole world is having simular issues at the same time so normally if this happened in the US it wouldnt really effect the world to much but due to the fact that the world is having issues to its like piling on more issues and changing the worlds currency to another country wouldnt work either because itll just be more of the samething since the world is having issues and doing it on stand alone currencies would also be an issue as countries can lie and say they are richer then what they actually are since there wouldnt be any way to compare or other countries will not see another countries currency as valid which will create more issues. unfortunately we just have to get thru this and eventually bounce back in a few years. this isnt the first time this has happened to the world if they can live thru it so can we.
😊
so the answer is to leave interest rates at zero? Crazy that the world is addicted to cheap money now especially governments. The interest rates regulate the swings and it is painful but needs to be done. The world can't print cheap money forever.
the world needs to move away from the dollar, a gold backed currency will do the trick
But it will require collective global effort by at least the Shanghai members and aspiring members "Russia, China, India, Brazil, Saudi Arabia, South Africa, Algeria....." cuz the last time someone really tried to do it on its own he got NATO destroying his country "cough cough moaamar El Gaddafi"
Carlsen also both believe that Niemann has cheated more recently than his last indiscretion in 2020. In a statement tweeted last week, Carlsen made his feelings clear: “When Niemann was invited last minute to the 2022 Sinquefield Cup, I strongly considered withdrawing prior to the event,” he said. “I ultimately chose to play. I believe that Niemann has cheated more - and more recently - than he has publicly admitted.