With US hegemony waning and multipolarity rising, now may be the time to consider obtaining citizenship or residence in a BRICS country. This video reveals citizenship and residence programs in current BRICS member states, as well as future members of the alliance - ruclips.net/video/Cz7GJfYXosI/видео.html
Don't blame China for what is entirely USA own fault. De-dollarization is caused by the failed policies of several administrations. People are looking for alternatives to the USD.
@@__J____ff Why is the American media reporting that countries are abandoning the dollar? Why did the U.S. suddenly reveal a secret 9/11 video showing Saudi nationals surveying the White House prior to the attacks, especially after Saudi Arabia abandoned the dollar?
This is the exact arrogance and ignorance that ignited this havoc. And with administration like this will not see any thing changing and the dedollarozation very likely to continue. More money will go into Swiss franc or sg and HK due to neutrality. And this is where zelenski also mistaken he should have stayed neutral and increase value of Ukrainian currency through neutrality and diplomacy.
I own a company near Shanghai China and we produce CNC Machines, Our customers from Brazil, Russia and Thailand all sign contract with us in CNY and Paying us in CNY now. These are not small countries. They feel the CNY is more stable than their own currency. We can feel the change now.
Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country. In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x. 1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country. Let say, I got paid Rp 10 million/month to work at Freeport McMoran a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary. b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary. Can you see this? Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International? USD 1.3 million/month -----> USD 595/month from USD manipulation. 2. The effect to Indonesia debts. In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion. Gees, just because of USD manipulation Indonesia total debts have risen Rp 732 trillion --------> Rp 6,184 trillion. This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries. 3. the effect to a new debt I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated. What if Soros came again and 1 USD = 2,000 trillion?
It's amazing to me that a country can just print money so recklessly with no possible way to pay it back and It's currency doesn't get devauled. Any other country does this thier currency will become worthless, it must be because so many hold the U.S. its falsely being held up...
The dollar is backed by something, it's backed by one of the most powerful empires to ever exist. USD doesn't need to be backed by gold so long as it's backed by the US military. As the US continues to decline, the dollar will fall more. As we shift to a multipolar world, the USD would become worthless because it won't be backed by anything.
@@danhtran6401Assets not wealth, what are we going to do to print currency and sell our land as backing, it's not gold that you can just trade and has global value.. every country has land assets and other proprietary assets they're not tangible.
Why should he care, he is not a US citizen nor does he live in the US. So calling Andrew a "Russian asset" or accusing him of "misinformation" is meaningless. It's just a US fantasy to think people outside of the US even give a rats arse if the US calls them a Russian asset. As for misinformation, the US needs to go look in the mirror since they are the authors of it.
@@pleiadesstarr453 he will abduct himself to gitmo or some other hellhole blackside in bulgaria or poland, or simply have an incident, the powers to be can not afford to have another martyrs out there like assange
Already there's no petrodollar, and 50% of the world's trade is using other currency and outside of the swift system. China has maximum control on the sourcing, manufacturing of source material like rare earth, lithium batteries, major pharmaceutical materials, shipping routes,own navigation satellite... USA and Eu should cooperate instead of being antagonistic. The USD will collapse in value
There is a petrodollar 😂😂 most of oil is traded in dollars, your wanting of there to be other alternatives doesn't alter actual reality. All the other things you mentioned are not oil 😅 you do realise other commodities other than oil are traded
@@mrman3363 are you overdosing on copium 🧢???))) most of the Top oil exporters are already selling oil exclusively outside of USD ( thank uncle Sam for it) and Saudis are already dropped the USD exclusivity, thinking about selling in other currencies (unofficially they are doing it already)
@@hhkk6155 🤣🤣🤣🤣 I think it's you who is overdosing on hopium or you have serious comprehension issues 😅 Which top oil producers are selling oil exclusively off the usd outside Russia and Iran?? Name them. Plus, selling using other currencies does NOT mean that you have stopped using the usd. Saudi is considering only selling oil in yuan not other currencies and only to china the rest will still be forced to use usd. You do realise that there something called cash currency reserves right (am not talking about bonds and other investments), if people stop using usd on a massive scale you would see USD reserves of countries falling and other currencies rising because of increased used. As of now the usd still dominates whether you like it or you don't. This information is true as of 2024 don't give me your hope projections of the coming decades and passing the information as true because it doesn't apply as of this year, periodt.
Agriculture products and other commodities are being traded off traditional exchanges. China is settling directly and privately with Brazil and Russia. US no longer has the price setting monopoly and it is freaking out US farmers.
Insightful video, Andrew. China does not want the renminbi to be the global reserve as it comes with other onerous responsibilities that China does not want to shoulder (something like the Pax Americana and previously, Pax Britannica). If you want to point the finger, it's the USA that is killing the US dollar -- by weaponizing it, and by running up staggering current account deficits and concomitant fiscal deficits that have to be funded by debt that cannot possibly be repaid. The USA is visibly a declining economic and geopolitical power, with its de-industrialized heartland and its weakening hold over other parts of the world.
responsibility for global reserve? You do understand that the idea of a global reserve currency is simply a concept, right? There's no such thing, other than what folks choose to trust more than any other currency. USD is the defacto reserve, simply because there's more of it.
@@crazyg74 I don't want to educate you in history. Global reserve depends on geopolitical dominance and a set of global institutions (World Bank, IMF) that were fashioned in 1944 and 1945 and called, as shorthand, "Bretton Woods." In the early 70s, it was replaced by what is called "Bretton Woods 2", as the dollar was untethered from gold and became purely fiat. But now Bretton Woods 2 is also coming to an end. Simply put, a country that is not hegemon cannot have its currency as global reserve. Having the dollar as reserve allows the USA to inflict a tax on the rest of the world. And "folks" elsewhere are sick and tired of this tax, which comes with the threat of US military force.
@@crazyg74More doesn't mean it's holding its value. You talked of trust, most countries are losing trust in USD,that's why BRICS have 150countries wanting to join .Already 50% of the world's trade is done in other currency and most countries are dumping the USD for gold reserves
BINGO ! ! That is why I have lived in China for over 20+ years and watch my portfolio grow more than if I was living in the USA. BRICS Meeting in October will flip the switch against the US Dollar and most are not ready for the reality coming.
Brazil, Russia, South Africa and India Economy COMBINED are not even HALF of China's economy size.Yeah, its China and the CNY. Not now, not yet, maybe in 10 yrs.
@@alexpan8138 China is included in BRICS. The nations of BRICS will be upheld by China as well. What is interesting is that India isn't great friends with China, so I wonder how that will effect BRICS.
The issue with the dollar is how the USD has been weaponised by the US to sanctions countries and seize assets ,The world have seen what the US does with the USD so it absolutely make sense why they want to get away from USD.
Russia tried to dedollarize and now they're paying with potatoes, China, Russia's unlimited girlfriend is constantly pumping and injecting tofu credits to save its tofu banks.... 😂
@@danhtran6401 Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country. In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x. 1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country. Let say, I got paid Rp 10 million/month to work at Freeport McMoran a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary. b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary. Can you see this? Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International? USD 1.3 million/month -----> USD 595/month from USD manipulation. 2. The effect to Indonesia debts. In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion. Gees, just because of USD manipulation Indonesia total debts have risen Rp 732 trillion --------> Rp 6,184 trillion. This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries. 3. the effect to a new debt I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated. What if Soros came again and 1 USD = 2,000 trillion?
@@llllllllllllilililllilill good. why? If BRICS has its currency, it will be bullied like the fed did to Euro. At that time, Saddam and Gaddafi would like to sell their oils in Euro. But if BRICS uses local currencies, will the USA bully all 200 countries on earth?
@@hhkk6155 Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country. In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x. 1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country. Let say, I got paid Rp 10 million/month to work at Freeport McMoran a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary. b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary. Can you see this? Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International? USD 1.3 million/month -----> USD 595/month from USD manipulation. 2. The effect to Indonesia debts. In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion. Gees, just because of USD manipulation Indonesia total debts have risen Rp 732 trillion --------> Rp 6,184 trillion. This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries. 3. the effect to a new debt I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated. What if Soros came again and 1 USD = 2,000 trillion?
@@Abhinavujjwal Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country. In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x. 1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country. Let say, I got paid Rp 10 million/month to work at Freeport McMoran a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary. b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary. Can you see this? Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International? USD 1.3 million/month -----> USD 595/month from USD manipulation. 2. The effect to Indonesia debts. In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion. Gees, just because of USD manipulation Indonesia total debts have risen Rp 732 trillion --------> Rp 6,184 trillion. This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries. 3. the effect to a new debt I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated. What if Soros came again and 1 USD = 2,000 trillion?
Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country. In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x. 1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country. Let say, I got paid Rp 10 million/month to work at Freeport McMoran a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary. b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary. Can you see this? Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International? USD 1.3 million/month -----> USD 595/month from USD manipulation. 2. The effect to Indonesia debts. In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion. Gees, just because of USD manipulation Indonesia total debts have risen Rp 732 trillion --------> Rp 6,184 trillion. This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries. 3. the effect to a new debt I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated. What if Soros came again and 1 USD = 2,000 trillion?
Thanks for the videos. Keep it up. Canada has now added new taxes from 50% to 66% for funds made over $250,000. To an average person who doesn’t follow economics it seems like it won’t affect them, not a big deal. But this affects Doctors, nurses, investors in our country. Well guess what, these people will want to move elsewhere. Your health care, economy will slowly start to diminish. Just my two cents.
Not China, alliance of countries - BRICS. And it is very reasonable that the amount of Gold in State treasury should be the basis, which in the case of the Dollar has long not been the case, worthless - valuable printed paper but big administration ...
Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country. In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x. 1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country. Let say, I got paid Rp 10 million/month to work at Freeport McMoran a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary. b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary. Can you see this? Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International? USD 1.3 million/month -----> USD 595/month from USD manipulation. 2. The effect to Indonesia debts. In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion. Gees, just because of USD manipulation Indonesia total debts have risen Rp 732 trillion --------> Rp 6,184 trillion. This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries. 3. the effect to a new debt I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated. What if Soros came again and 1 USD = 2,000 trillion?
I was in china on a business trip in mid 2005. A witnessed a number of people go home after a meeting, basically on their bicycles. There was hardly a meaningful network of roads and cars. The last time I was there was 2017 (12 years later), every single person in the meeting had a vehicle in the parking lot, which itself did not exist only 12 years prior. The sleeping giant woke up a long time ago.
@@MR707videos - see… this is why people hate you. China has no thanks to give, it played our game and we hit it. We did. We started this. Because we where all to happy to enjoy the benefits of the deal until our nation started floundering due to its own failures. It was a deal. China did the work, its people did the work, we got paid and profited off of it and instead of investing in our people we let it all rot to debt. China Bit nothing.
@@MR707videos ye, America did it for free , free kindness, didnt make any money, just helping, totally donation, never asked return, dont have cheap labars, dont have Chinese market, no business, only human nature. stop your lies, stop living in your so called fake kindness.
@@MR707videosYeah kind of a stupid excuse especially if you want to control other people's future. The US was looking for cheap labour and investment in China. It's a win win. Let China govern itself the way it sees fit.
Really? That's a bit shocking. My sister paid in USD on arrival in Vientiane for her visa in October 2023. I've been to Laos many times in the past and see most foreigners pay for the instant visa in USD or Thai baht. I'm not one of those who is required to apply for a visa. If Laos which is basically a poor third world country is rejecting the USD, perhaps they know something most of us are ignorant of? Or are they afraid of the punishment by US and getting their USD reserve frozen like the Russ for being China friendly?
I call bullsh*t. You can still pay in USD for visas on arrival in Laos. Laos PREFERS Thai baht ONLY because they screw travelers on the exchange rate. US$40 vs Bt1,800.
@@Hangover-ry9bo I think many SEA countries forbid the use of foreign currency to settle for transactions. You have to convert the dollar into local currency so you can buy something.
A true judge of a country is how it treats you when your ideologies don't align, then you'll see the reality. Don't be sucked in with just monetary benefit alone.
@@zarni000 nobody trusts China because they’re known to not report information that makes their economy look bad. China would never be the reserve currency with the way the CCP and Ci is ruining the business environment.
@@loremasteringwion9930 like there was consequences for the WMD in Iraq? Or Afghanistan? Or the genocide of native Americans? Overthrow of democratic countries via the CIA? Your world view is like that of a school boy’s, horrendously simple and so basic that you fail to see past the patriotic propaganda. Whether you agree with me or not the realpolitik is that this is a tool that has generated benefit for the Us economy but they decided to use it as a weapon, and that has inevitable consequences.
This year US economic global share fell below 15% (historic low, according to IMF). Back in 1960 it was 40-45%. How do you maintain hegemony if you are not a major stakeholder anymore?
Gonna have to disagree, its not wokeness thats killed the west, its the constant warmongering that has finally woken up the global south to alternatives. If US had chosen to compete with China on building better infrastructure domestically and globally, US would dominate for many decades to come, instead the US and its western allies choose sanctions leading up to potential war. The rest of the world has had enough of this. One needs to study how ASEAN nations have navigated the turbulent waters between US and China to see how you dont have to follow one or the other to prosper.
It’s going to be the new BRICS currency taking some of the global reserve currency pie, as the USD becomes less influential and it’s dumped by some of the key OPEC member nations
Nothing to do with economics, but NC, I love the painting behind you. Any clue which artist it is? Would love to do a copy and my own interpretation of it myself, as an amateur artist!
Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country. In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x. 1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country. Let say, I got paid Rp 10 million/month to work at Freeport McMoran a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary. b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary. Can you see this? Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International? USD 1.3 million/month -----> USD 595/month from USD manipulation. 2. The effect to Indonesia debts. In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion. Gees, just because of USD manipulation Indonesia total debts have risen Rp 732 trillion --------> Rp 6,184 trillion. This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries. 3. the effect to a new debt I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated. What if Soros came again and 1 USD = 2,000 trillion?
Yup that's true. in the USA as well. I sent my son to a privet Christion school and payed his tuition but I still had to pay school taxes to the county talk about a rip off.
@@anthonyk423 Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country. In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x. 1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country. Let say, I got paid Rp 10 million/month to work at Freeport McMoran a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary. b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary. Can you see this? Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International? USD 1.3 million/month -----> USD 595/month from USD manipulation. 2. The effect to Indonesia debts. In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion. In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion. Gees, just because of USD manipulation Indonesia total debts have risen Rp 732 trillion --------> Rp 6,184 trillion. This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries. 3. the effect to a new debt I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated. What if Soros came again and 1 USD = 2,000 trillion?
@@anthonyk423 nah USD is used to stolen any countries assets accept the USA allies, why? 1. USA allies currencies a. UK, 1 USD = 1 Pound b. Euro, 1 USD = 1 Euro c. Jordan, 1 USD = 1 Jordan dollar d. Singapore, 1 USd = 1 Singapore dollar e. etc 2. Non-USA allies à. Iraq, 1 USD = 0.3 Iraqi dinars when Saddam was alive. Now? 1 USD = 1400 dinars. b. Indonesia, in 1969 - 1 USD = Rp 7.5. Soros came 1 USD = Rp 16,800 c. Venezuela, in 2023, 1 USD = 2,722 Bolivars. Now? 1 USD = 31 million Bolivars. d. etc.
Anthony Albanese is the Australian Prime Minister, hehe. Tony Albania 😂 I love your videos btw. You could be talking about paper and I'd still be so entertained.
Is the USD the only currency that's been devalued? They all do and China is printing much more especially now. In my opinion only, I don't like the direction the USA is going in on many fronts but China's future is much more dire, from demographics, environment among others. I've listened to Andrew for years, and will continue to do so, I'm not ready to act, but one of my sons lives in Poland and I'd be interested in that but know its very difficult. To grow, you need to listen to people with info especially when its not what you want to hear.
The US government owes its retirees over USD 130 trillion in payments over social security towards the next 30 years . Its tax rolls barely cover interest payments on Government Securities. There you have , the motivation to debase the dollar. Lower currency buying power , meet payment obligations with your monopoly money . Can you grasp the concept ?
De-dollarization is not intended to be an exclusive momentary system. It is just another method of financial transactions using currencies other than the USD.
@@fannyalbi9040 The apparent sudden recognition of China and alike. I find it difficult to believe he was unaware of the decades long situation, seeing as he spends much of his time in the Southern hemisphere.
Well said! Im about to get my second citizenship in Brazil and couldnt be happier! In fact Im proud be connected to BRICS! I would rather pay the tax here than be subject to what the US is planning to do to completley screw just about everyone. Im a crypto trader and i think BTC and XRP will the central to the global banking system. And ill bet my US cititzenship 😂😂😂 that BTC will be used to pay off the US debt.
Congratulations. We lived in Brazil nearly 2 years back in 2011 and 2012 and the bureaucracy was insane. Sent there for my husband’s work. Company invested a lot. Despite that it took over a year to get our Viper (5 years ) visa, and, as a result, 16 months to get our container with all our stuff! Every step was painful. Want to buy a fridge? Need a CPF number. Want to change driving licence? Full day of psycho and intelligence tests ( in Portuguese) before you do! Register a vehicle? Rules changed depending on who you spoke to. Unless you have a local relative or partner it is extremely hard and painful. Oh and must be fluent in Portuguese. I love Brazil and Brazilians, but the government and bureaucracy made it insane. I don’t know how businesses can operate over there, even with a local fixer.
This just won't happen as long as China keeps restricting the maximum foreign currency trade to about 50,000 USD a year for Chinese citizens and residents. Also, why would anyone who isn't affected by this restriction want a currency that is that tightly controlled by its government?
China ain't doing a global currency. It's a currency exchange outside the western system. And you need yuan only when you buy goods from China. You go to the exchange, you sell your own money to people that want goods from your country for yuan, and then buy whatever product you want from China...
Agreed. This is trying to sell a shit sandwich. China won't continue to be the manufacturing hub either. Multinationals will continue seeking the next slave shop they can exploit, and that's looking like Vietnam and India among others.
The restrictions were imposed to stem capital flight. By wealthy Chinese . The new system is more trade oriented. One take yuans knowing himself or anyone at the trade will buy the equivalent in China's output. Call it barter pegged by a basket of currencies. The world outside the US is doing it.
I used to think the dollar would crash. Starting to look like it never will get the chance. Folks better enjoy life where they prefer to be. We inch ever closer to global war daily. Remember that when there is nothing to buy, money is a bit silly. About on par with Steam Badges.
have spent 15 years trading eur/usd the manipulated BS $ is the only thing that pumps on terrible data and visa v macro does not work imo , however much as I would like it to carry on tanking I think we are nearing support just in time for the equally BS elections.. the $ has so many upside Gaps and Gaps get filled.. if this kind of China news gets everyone bearish $ thats exactly what they (fed) etc want..
Anchor vs sail. Clinging to "legacy" is the anchor mindset. If the winds of change are picking up, become a sail instead.....and go where you are treated best.
I disagree Andrew. Chinese Yuan represents 2% of world currency exchange. The US Dollar is still over 50%. What can you do with CNY? Where can you spend it except for China? US Dollars are accepted everywhere by everyone. There is no way on this earth I'd invest in any mainland Chinese company for foreseeable future. People who've been investing in China for over 30 years are struggling to get their money out from Chinese bank accounts. So I strongly disagree with you on this one. Yes you can put your money in, but good luck getting it out. Just now China is a giant corrupt Ponsi scheme.
No they are not accepted everywhere, not by a long shot. You can't spend US Dollars in 99.99% of businesses anywhere in Europe. You have to go to a guy in a little store and exchange them for the local currency OR your credit card USD$ purchase is automatically converted at a very poor exchange rate INTO the local currency, not accepted in dollars. EU, India, Brazil, Russia, China, can trade amongst themselves without a Dollar in sight, and hello, that's way more than half the world
US dollars are NOT accepted in the UK. People will tell you to stick your dollar where the ☀️ don't shine. You have to exchange your dollar just as you would have to exchange the yuan. You under educated 🤡
Every time I hear the “dedollarization” arguments, I just laugh. Cause when the pizza delivery guy shows up, try paying him with Renminbi, or Rubles, or whatever… You already can guess how that’s going to play out. He’s going to ask why you’re giving him wallpaper instead of money.
@@huitonghwang6594 really? So, just how many Renminbi do you have in your bank account? And just how well have you been able to spend that kind of money outside of PRC?
Switch from class mindset to individual prosperity and legacy building. Get skills that are needed around the world, and the world will reward you with options. Middle class is just a political fabrication, no such thing exists in reality.
Canada is a scary place now. The number 1 cause of mortality is now via the MAIDS program! A country that actively push its own population ( the poor, mentally ill, disabled, old, unemployed etc…) to self delete is seriously gone down a very dark Road.
No I don’t think so. Just like everyone else are trying to derisking due to weaponisation of the financial mechanism and dollar which should not happen or done. It still can be fixed. Depends on the politician and diplomatic solution.
Trump is promising tariffs all across the borde. Tariffs will raise the cost of living in the US dramatically. Even automobiles assembled in the US will cost more because components are sourced from Mexico and other countries. That F-150 that is so popular among conservatives will cost more for example. Under Trump's policies being American will become even more of a disadvantage. Australia, New Zealand, and Brazil slapped visa requirements on Americans. An administration that believes other countries must fail in order for the US to succeed will become even more isolated and the US passport will drop in rank even more.
The $US is the world currency because it’s a dependable, stable currency. Whilst authoritarian governments, like CCP, might be able to persuade other governments to trade in the yuan, like Russia and Indonesia, the world economy won’t deal in a currency that is subject to government manipulation and an uncertain economic future. Russia wants to trade its oil in rouble but neither of India or China agree, beggars can’t be choosers. Be very careful of any video that soft pedals on China but derides the US, UK Europe.
I think specifically in Europe we're aware of this optix certain countries so i disagree with you claiming that we look to the U.S. We really don't, politically perhaps but the general public are aware of what's going on beyond our island.
Brics can trade whatever currency or widgets with each other, it doesn't matter. The US is still the largest consumer of goods in the world. They want to do business with the US, they still have to use US dollars
China Observer channel recently had a video exposing that chinese currency notes had duplicate serial numbers printed on multiple notes... but they weren't counterfeit. That means the Chinese government are printing money, but potentially only reporting they are printing 1/2 that amount. Another older story talked about banks telling vacationers to NOT use cash overseas.. some vacationers ignored this.. and found out the bank was issuing counterfiet currency. Holding wealth in ANY of the government fiat currencies is a bad idea.
I think people take on the entire situation is misleading and completely one sided.May I mention that china is also facing problems with there economy right now not to the same degree as the united states.The dollar is getting weaker and loosing more value rapidly now but the other thing everyone is overlooking as this, the usdt is already acting as a form of the us dollar and it is doing a really good job at it. The usdt is stable and holding value against all other digital currencies and is more stable than the us dollar itself.Because the usdt isn't aligned with the federal reserve nor did the federal reserve create it either.So for other countries to create a digital currency there digital currencies won't outperform nor won't be as stable as the usdt. And with the usdt you can earn up to 25% yield a year that's more than double to what you get with the us dollar itself
They don’t need to. They stole lots from Libya, Iraq etc…. Libya was building a huge gold reserve to start an African currency away from the French vice grip of the Franc CFA. Very ( very!) profitable for France but too costly for those nations stuck with it. That is why Gaddafi had to go.
History has shown all nations rise and fall, from rte Babylonian, Assyrian, Roman, Greek, Ottoman to.....the British and next American. China also rose and fell but now resurrecting.
The reason America lost its power is because it abandoned its manufacturing advantage. The rust belt used to be the wealth factory of the nation and what gave it the unparalleled ability to create whatever was needed, including weapons of war on a massive scale. Sadly due to political decisions, most of that manufacturing left to areas with cheaper workers and anyone that didn't support the move was called racist, because by exporting all those jobs America was helping to lift the people of those countries out of poverty. The move made some Americans incredibly wealthy, but made most poorer. It's amazing how much less many workers get paid today in real terms than people were in the 70's doing the same job.
China is the source of the most goods that you need, so it makes so much sense to keep and trade in CNY. With renewable revolution well underway, and China is the source of the majority, USD is increasingly becoming redundant.
With US hegemony waning and multipolarity rising, now may be the time to consider obtaining citizenship or residence in a BRICS country. This video reveals citizenship and residence programs in current BRICS member states, as well as future members of the alliance - ruclips.net/video/Cz7GJfYXosI/видео.html
China, unite and prosper
US divide and rule
Stay in a first world country and save up to rather buy rural property in the same country
@@dandun30 lol you're funny
@@Chris-qg8ss nah, those first world countires arent so first world,.
@@Chris-qg8ssAnd continued paying first world taxes? 😂
Don't blame China for what is entirely USA own fault. De-dollarization is caused by the failed policies of several administrations. People are looking for alternatives to the USD.
@@__J____ff Why is the American media reporting that countries are abandoning the dollar? Why did the U.S. suddenly reveal a secret 9/11 video showing Saudi nationals surveying the White House prior to the attacks, especially after Saudi Arabia abandoned the dollar?
This is the exact arrogance and ignorance that ignited this havoc. And with administration like this will not see any thing changing and the dedollarozation very likely to continue. More money will go into Swiss franc or sg and HK due to neutrality. And this is where zelenski also mistaken he should have stayed neutral and increase value of Ukrainian currency through neutrality and diplomacy.
De-dollarisation is exactly what globalist elites want
DITCH THE GENO SIDE DOLLAR
@@__J____ffIf you think the Dollar is remaining unaffected, best of luck.
I own a company near Shanghai China and we produce CNC Machines, Our customers from Brazil, Russia and Thailand all sign contract with us in CNY and Paying us in CNY now. These are not small countries. They feel the CNY is more stable than their own currency. We can feel the change now.
Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country.
In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x.
1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country.
Let say, I got paid Rp 10 million/month to work at Freeport McMoran
a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary.
b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary
c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary.
Can you see this?
Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International?
USD 1.3 million/month -----> USD 595/month from USD manipulation.
2. The effect to Indonesia debts.
In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion.
In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion.
Gees, just because of USD manipulation Indonesia total debts have risen
Rp 732 trillion --------> Rp 6,184 trillion.
This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries.
3. the effect to a new debt
I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated.
What if Soros came again and 1 USD = 2,000 trillion?
It's amazing to me that a country can just print money so recklessly with no possible way to pay it back and It's currency doesn't get devauled. Any other country does this thier currency will become worthless, it must be because so many hold the U.S. its falsely being held up...
But it is getting devalued. Inflation is crazy now.
The dollar is backed by something, it's backed by one of the most powerful empires to ever exist. USD doesn't need to be backed by gold so long as it's backed by the US military. As the US continues to decline, the dollar will fall more. As we shift to a multipolar world, the USD would become worthless because it won't be backed by anything.
Let us know how much we owe you, we have 130+ trillion in excess wealth.... 😂
@@danhtran6401Assets not wealth, what are we going to do to print currency and sell our land as backing, it's not gold that you can just trade and has global value.. every country has land assets and other proprietary assets they're not tangible.
@@henrye718 ever heard of the Petro dollar?.... Take a wild guess what that means ...
Uh be careful N.C. you talking too much truth like this, they will start calling you a "Russian asset" or accuse you of "misinformation" 😂;;
He doesn't care cuz he doesn't live in the US.
Why should he care, he is not a US citizen nor does he live in the US. So calling Andrew a "Russian asset" or accusing him of "misinformation" is meaningless. It's just a US fantasy to think people outside of the US even give a rats arse if the US calls them a Russian asset. As for misinformation, the US needs to go look in the mirror since they are the authors of it.
@@pleiadesstarr453 I currently live in the U.S. and I dont care either. Lol
Yes they work hard to Ship 🚢 called Censor
@@pleiadesstarr453 he will abduct himself to gitmo or some other hellhole blackside in bulgaria or poland, or simply have an incident, the powers to be can not afford to have another martyrs out there like assange
Already there's no petrodollar, and 50% of the world's trade is using other currency and outside of the swift system. China has maximum control on the sourcing, manufacturing of source material like rare earth, lithium batteries, major pharmaceutical materials, shipping routes,own navigation satellite... USA and Eu should cooperate instead of being antagonistic. The USD will collapse in value
US screwed the EU in the last 3 years hard 😅
There is a petrodollar 😂😂 most of oil is traded in dollars, your wanting of there to be other alternatives doesn't alter actual reality. All the other things you mentioned are not oil 😅 you do realise other commodities other than oil are traded
@@mrman3363 are you overdosing on copium 🧢???))) most of the Top oil exporters are already selling oil exclusively outside of USD ( thank uncle Sam for it) and Saudis are already dropped the USD exclusivity, thinking about selling in other currencies (unofficially they are doing it already)
@@hhkk6155 🤣🤣🤣🤣 I think it's you who is overdosing on hopium or you have serious comprehension issues 😅 Which top oil producers are selling oil exclusively off the usd outside Russia and Iran?? Name them. Plus, selling using other currencies does NOT mean that you have stopped using the usd. Saudi is considering only selling oil in yuan not other currencies and only to china the rest will still be forced to use usd.
You do realise that there something called cash currency reserves right (am not talking about bonds and other investments), if people stop using usd on a massive scale you would see USD reserves of countries falling and other currencies rising because of increased used. As of now the usd still dominates whether you like it or you don't. This information is true as of 2024 don't give me your hope projections of the coming decades and passing the information as true because it doesn't apply as of this year, periodt.
Agriculture products and other commodities are being traded off traditional exchanges. China is settling directly and privately with Brazil and Russia. US no longer has the price setting monopoly and it is freaking out US farmers.
You are absolutely correct. People are delusional
I believe the work you're doing is much more important than it seems.
Insightful video, Andrew. China does not want the renminbi to be the global reserve as it comes with other onerous responsibilities that China does not want to shoulder (something like the Pax Americana and previously, Pax Britannica). If you want to point the finger, it's the USA that is killing the US dollar -- by weaponizing it, and by running up staggering current account deficits and concomitant fiscal deficits that have to be funded by debt that cannot possibly be repaid. The USA is visibly a declining economic and geopolitical power, with its de-industrialized heartland and its weakening hold over other parts of the world.
responsibility for global reserve? You do understand that the idea of a global reserve currency is simply a concept, right?
There's no such thing, other than what folks choose to trust more than any other currency.
USD is the defacto reserve, simply because there's more of it.
The beast system will be the global digital currency.
@@crazyg74 I don't want to educate you in history. Global reserve depends on geopolitical dominance and a set of global institutions (World Bank, IMF) that were fashioned in 1944 and 1945 and called, as shorthand, "Bretton Woods." In the early 70s, it was replaced by what is called "Bretton Woods 2", as the dollar was untethered from gold and became purely fiat. But now Bretton Woods 2 is also coming to an end. Simply put, a country that is not hegemon cannot have its currency as global reserve. Having the dollar as reserve allows the USA to inflict a tax on the rest of the world. And "folks" elsewhere are sick and tired of this tax, which comes with the threat of US military force.
@@crazyg74More doesn't mean it's holding its value. You talked of trust, most countries are losing trust in USD,that's why BRICS have 150countries wanting to join .Already 50% of the world's trade is done in other currency and most countries are dumping the USD for gold reserves
Ummmm thats literally what he said bruh
After 5 years not more people would say this man was 100% right, thing already has changed rapidly in the past 4 years only
After 5 years I’ll laugh at you for believing this nonsense 😂
@@CryptocurrencyInsideryou laugh too early wait and you will see who gonna laugh at the end
I’ll laugh because AI is going to transform the world not this BRICS alliance
@@CryptocurrencyInsider it is only a matter of time before you switch to the winning side 😂
In 5 years dude would be in the US with the mo why he stole for idiot who believed his BS.
BINGO ! ! That is why I have lived in China for over 20+ years and watch my portfolio grow more than if I was living in the USA. BRICS Meeting in October will flip the switch against the US Dollar and most are not ready for the reality coming.
I would love to pick your brain about life in China
ya trolling right? or the ccp played with your brain already 🙄
@@milo-qh7cv LOL the US government just passed over 25 policies for anti china propaganda, look it up "china week".
Hypocrisy at it finest
@@milo-qh7cv what you mean??
@@YouGotOptions2don’t mind the foolish.
Correction….not China …It’s BRICS…
BRICS is just pretending to be something it’s not. They don’t even trust each other and only get along but of US jealousy from China and Russia
China is the leader of BRICKS dummy.
Brazil, Russia, South Africa and India Economy COMBINED are not even HALF of China's economy size.Yeah, its China and the CNY. Not now, not yet, maybe in 10 yrs.
BRICs is led by China
@@alexpan8138 China is included in BRICS. The nations of BRICS will be upheld by China as well. What is interesting is that India isn't great friends with China, so I wonder how that will effect BRICS.
No , it's not about de- dollarization, it's about dollar devaluation. The sooner this dept system ends the better for the world.
Well said. In fact both are happening right now. Brics Block meeting soon, let's wish more countries can join in.
The issue with the dollar is how the USD has been weaponised by the US to sanctions countries and seize assets ,The world have seen what the US does with the USD so it absolutely make sense why they want to get away from USD.
Russia tried to dedollarize and now they're paying with potatoes, China, Russia's unlimited girlfriend is constantly pumping and injecting tofu credits to save its tofu banks.... 😂
@@danhtran6401 Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country.
In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x.
1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country.
Let say, I got paid Rp 10 million/month to work at Freeport McMoran
a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary.
b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary
c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary.
Can you see this?
Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International?
USD 1.3 million/month -----> USD 595/month from USD manipulation.
2. The effect to Indonesia debts.
In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion.
In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion.
Gees, just because of USD manipulation Indonesia total debts have risen
Rp 732 trillion --------> Rp 6,184 trillion.
This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries.
3. the effect to a new debt
I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated.
What if Soros came again and 1 USD = 2,000 trillion?
Brics' new currency will.
Yup, it will be BRICS currency not the Yuan
If brics will have a currency, but anyway a basket of currencies IS already used, and will be used more
@@llllllllllllilililllilill good. why? If BRICS has its currency, it will be bullied like the fed did to Euro. At that time, Saddam and Gaddafi would like to sell their oils in Euro. But if BRICS uses local currencies, will the USA bully all 200 countries on earth?
@@hhkk6155 Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country.
In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x.
1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country.
Let say, I got paid Rp 10 million/month to work at Freeport McMoran
a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary.
b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary
c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary.
Can you see this?
Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International?
USD 1.3 million/month -----> USD 595/month from USD manipulation.
2. The effect to Indonesia debts.
In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion.
In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion.
Gees, just because of USD manipulation Indonesia total debts have risen
Rp 732 trillion --------> Rp 6,184 trillion.
This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries.
3. the effect to a new debt
I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated.
What if Soros came again and 1 USD = 2,000 trillion?
Canada is coming apart, Britain is cutting they're own neck so sad to see these countries devolving in to 3rd world economy
there is nothing like 3rd being independent isnot 3rd world stop being a hypcrate
Nothing when they becoming shit hole a lot of INDIANS !
@@Abhinavujjwal Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country.
In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x.
1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country.
Let say, I got paid Rp 10 million/month to work at Freeport McMoran
a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary.
b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary
c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary.
Can you see this?
Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International?
USD 1.3 million/month -----> USD 595/month from USD manipulation.
2. The effect to Indonesia debts.
In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion.
In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion.
Gees, just because of USD manipulation Indonesia total debts have risen
Rp 732 trillion --------> Rp 6,184 trillion.
This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries.
3. the effect to a new debt
I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated.
What if Soros came again and 1 USD = 2,000 trillion?
Most literate Indian : @@Abhinavujjwal
@@POOPESHindusaar most literate Bengali
No one can blame countries that want to ditch usd.
Major focus of the Art of War is build your allies,and isolate your enemy
Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country.
In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x.
1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country.
Let say, I got paid Rp 10 million/month to work at Freeport McMoran
a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary.
b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary
c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary.
Can you see this?
Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International?
USD 1.3 million/month -----> USD 595/month from USD manipulation.
2. The effect to Indonesia debts.
In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion.
In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion.
Gees, just because of USD manipulation Indonesia total debts have risen
Rp 732 trillion --------> Rp 6,184 trillion.
This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries.
3. the effect to a new debt
I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated.
What if Soros came again and 1 USD = 2,000 trillion?
Thanks for the videos. Keep it up. Canada has now added new taxes from 50% to 66% for funds made over $250,000. To an average person who doesn’t follow economics it seems like it won’t affect them, not a big deal. But this affects Doctors, nurses, investors in our country. Well guess what, these people will want to move elsewhere. Your health care, economy will slowly start to diminish. Just my two cents.
Not China, alliance of countries - BRICS. And it is very reasonable that the amount of Gold in State treasury should be the basis, which in the case of the Dollar has long not been the case, worthless - valuable printed paper but big administration ...
KEEP UP THE GREAT WORK ANDREW !
Thank you.
Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country.
In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x.
1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country.
Let say, I got paid Rp 10 million/month to work at Freeport McMoran
a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary.
b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary
c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary.
Can you see this?
Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International?
USD 1.3 million/month -----> USD 595/month from USD manipulation.
2. The effect to Indonesia debts.
In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion.
In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion.
Gees, just because of USD manipulation Indonesia total debts have risen
Rp 732 trillion --------> Rp 6,184 trillion.
This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries.
3. the effect to a new debt
I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated.
What if Soros came again and 1 USD = 2,000 trillion?
I was in china on a business trip in mid 2005. A witnessed a number of people go home after a meeting, basically on their bicycles. There was hardly a meaningful network of roads and cars. The last time I was there was 2017 (12 years later), every single person in the meeting had a vehicle in the parking lot, which itself did not exist only 12 years prior. The sleeping giant woke up a long time ago.
Thanks to America. Never bite the hand that feeds you
@@MR707videos - see… this is why people hate you.
China has no thanks to give, it played our game and we hit it. We did.
We started this.
Because we where all to happy to enjoy the benefits of the deal until our nation started floundering due to its own failures.
It was a deal. China did the work, its people did the work, we got paid and profited off of it and instead of investing in our people we let it all rot to debt.
China Bit nothing.
@@MR707videos ye, America did it for free , free kindness, didnt make any money, just helping, totally donation, never asked return, dont have cheap labars, dont have Chinese market, no business, only human nature.
stop your lies, stop living in your so called fake kindness.
@@MR707videosYeah kind of a stupid excuse especially if you want to control other people's future. The US was looking for cheap labour and investment in China. It's a win win. Let China govern itself the way it sees fit.
@@how5851 again never bite the hand that feeds you
Not kill, but put dollar in its real size. De-dollarization is a fact, but this fact in its beginning.
The speed USD devalued in 5 last year, we gonna have to 50$ for a gallon of gas in next 5 years 😅
US is the biggest oil producer so that doesn’t even make sense 🤡
This is your best video yet, Andrew. Thanks
Dollar will still be in play. But with a corrected & devalued level.
Maybe the world currency market will be more liberalised, without a single currency monopolising the market.
I tried to use UDS for a visa in Laos in 2024. They said, no USD please. We take Thaibaht..... In december 2023 USD was still ok.
Really? That's a bit shocking. My sister paid in USD on arrival in Vientiane for her visa in October 2023. I've been to Laos many times in the past and see most foreigners pay for the instant visa in USD or Thai baht. I'm not one of those who is required to apply for a visa.
If Laos which is basically a poor third world country is rejecting the USD, perhaps they know something most of us are ignorant of? Or are they afraid of the punishment by US and getting their USD reserve frozen like the Russ for being China friendly?
I call bullsh*t. You can still pay in USD for visas on arrival in Laos. Laos PREFERS Thai baht ONLY because they screw travelers on the exchange rate. US$40 vs Bt1,800.
Yeah right, then pigs started to fly
@@Hangover-ry9bo I think many SEA countries forbid the use of foreign currency to settle for transactions. You have to convert the dollar into local currency so you can buy something.
@@raymondtay9442 I offered a new $100 note, at the visa gate to the right. They asked for Baht , which was not a problem at the time.
16:19 Tony Albania ... LOL
Nice insertion of a potential passport destination, Andrew.
A true judge of a country is how it treats you when your ideologies don't align, then you'll see the reality. Don't be sucked in with just monetary benefit alone.
Julian and Edward come to mind
Brilliant analysis
Thank you Sir
Thanks Andrew
You'd be crazy to not root for BRICS. The world needs salvation from the dollar and the US.
This was a great video
Will be yuan. Its pretty clear. Biggest economy by far
The yuan is any used in China to buy Chinese products. The yuan is by far the least held reserve currency.
@@anthonyk423 so was the dollar early on. nobody used it
@@zarni000 nobody trusts China because they’re known to not report information that makes their economy look bad. China would never be the reserve currency with the way the CCP and Ci is ruining the business environment.
De-dollarization will be great for the States. It will hasten economic decoupling from the PRC which is good.
Dumbest comment I’ve read today. It will mean hyperinflation and a huge loss of credibility for the US
@@loremasteringwion9930 who cares about credibility? The USA has the food, the fuel, and the consumer market everybody wants.
We did it to ourselves.
Not us, the government and FED with Malice.
You sure did!
You sure did!
Love your ideas. Realistic and solid.
If you went around sanctioning people using your currency then of course people are going to create a new system. It’s not exactly hard to understand
So you’re advocating for no consequences for evil countries invading other countries?
@@loremasteringwion9930 like there was consequences for the WMD in Iraq? Or Afghanistan? Or the genocide of native Americans? Overthrow of democratic countries via the CIA? Your world view is like that of a school boy’s, horrendously simple and so basic that you fail to see past the patriotic propaganda. Whether you agree with me or not the realpolitik is that this is a tool that has generated benefit for the Us economy but they decided to use it as a weapon, and that has inevitable consequences.
This year US economic global share fell below 15% (historic low, according to IMF). Back in 1960 it was 40-45%. How do you maintain hegemony if you are not a major stakeholder anymore?
This is one of the most important videos and wake up calls on RUclips. The pace of change is accelerating fast.
Thanks, Andrew.
Wokeness and complacency have killed the West. Asia has won.
Then move there... one less idiot here
Gonna have to disagree, its not wokeness thats killed the west, its the constant warmongering that has finally woken up the global south to alternatives. If US had chosen to compete with China on building better infrastructure domestically and globally, US would dominate for many decades to come, instead the US and its western allies choose sanctions leading up to potential war. The rest of the world has had enough of this. One needs to study how ASEAN nations have navigated the turbulent waters between US and China to see how you dont have to follow one or the other to prosper.
@@bpd9660Changes begin at home, no need to move.
Not asset managers?
The Great Reset.
Good insights. Think global live local.
It’s going to be the new BRICS currency taking some of the global reserve currency pie, as the USD becomes less influential and it’s dumped by some of the key OPEC member nations
You right… it become crazier in that rothen system…..time to think ahead……
I trust China more to let me live and keep my savings than the country where I was born and raised, or the USA, or the EU at this point.
Great video! thanks!!!!
Thank you.
🙄the Chinese announced this was their goal and they would set policy to make this happen back in the 80s.Why is this a surprise to the US?
Nothing to do with economics, but NC, I love the painting behind you. Any clue which artist it is? Would love to do a copy and my own interpretation of it myself, as an amateur artist!
How are you buying the yuan and where do you live to buy the yuan?
Malaysia
Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country.
In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x.
1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country.
Let say, I got paid Rp 10 million/month to work at Freeport McMoran
a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary.
b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary
c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary.
Can you see this?
Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International?
USD 1.3 million/month -----> USD 595/month from USD manipulation.
2. The effect to Indonesia debts.
In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion.
In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion.
Gees, just because of USD manipulation Indonesia total debts have risen
Rp 732 trillion --------> Rp 6,184 trillion.
This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries.
3. the effect to a new debt
I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated.
What if Soros came again and 1 USD = 2,000 trillion?
Yup that's true. in the USA as well. I sent my son to a privet Christion school and payed his tuition but I still had to pay school taxes to the county talk about a rip off.
The 123’s to geopolitical survival. Thank you
If it’s not a gold or silver coin, then it is MONOPOLY MONEY!
And I thought you people honored the organic Constitution.
Dollar is accepted everywhere in the world to buy anything
@@anthonyk423 Killing USD is a must. Why? This is a true story about Indonesia. Indonesia is not my country.
In 1969, 1 USD = Rp 7.5. When Soros came in 1998, 1 USD = Rp 16800 or the USD has been manipulated Rp 16,800/Rp 7.5 = 2,240x.
1. The effect to wages paid by Freeport Mcmoran and any USA companies in that country.
Let say, I got paid Rp 10 million/month to work at Freeport McMoran
a. In 1969, 1 USD = Rp 7.5, thus Freeport McMoran had to pay me Rp 10 million/Rp 7.5 = USD 1.3 million/month for my Rp 10 million/month salary.
b. in 1997, 1 USD = Rp 2,000. Thus, Freeport Mcmoran had to pay me Rp 10 million/Rp 2,000 = USD 5,000/month for my Rp 10 million/month salary
c. in 1998, 1 USD = Rp 16,800. Thus, Freeport McMoran had to pay me Rp 10 million/Rp 16,800 = USD 595/month for my Rp 10 million/month salary.
Can you see this?
Freeport has reduced its salary obligation from USD 1.3 million/month to only USD 595/month for the same amount of Rp 10 million while it sales its gold in USD and directly sends its USD from the sales to the USA without any USD left in Indonesia. That's why when Soros came in, Indonesia did not have any USD in its bank. How could this happened? 9% shares of freeport given by Freeport McMoran to Suharto, the USA puppet in Indonesia. The question is this give away shares is bribery or gratification. FYI, these shares transfer was recorded in Singapore, the cleanest country on earth for corruption. Until now that 9% shares money could not be withdrawn by Indonesia government. Freeport earned net profit billion dollars from 1969; how much did Singapore circulate this corruption give away? Why has the UN not mentioned this give away shares as a corruption? Why hasn't transparency Internatinal stated give away shares as corruption? Do you still believe Transparency International?
USD 1.3 million/month -----> USD 595/month from USD manipulation.
2. The effect to Indonesia debts.
In 1997, the total Indonesia debts were USD 366 billion. In 1997, 1 USD = Rp 2,000, thus total Indonesia debts in local currency were USD 366 billion x Rp 2,000 = Rp 732 trillion.
In 1998, Soros came, 1 USD = Rp 16,800. Thus, total Indonesia's debts of USD 366 billion x Rp 16,800 = Rp 6,184 trillion.
Gees, just because of USD manipulation Indonesia total debts have risen
Rp 732 trillion --------> Rp 6,184 trillion.
This is a robbery of Rp 6,184 trillion/Rp 732 trillion = 8.4x overnight. At that time the fed interest rate was 0% in Bush Jr administration. So remember when the fed interest rate was so low, the US will rob other countries.
3. the effect to a new debt
I don't think any organization can survive when its cashflows were blown away from Rp 732 trillion to Rp 6,184 trillion. To pay Indonesia debts, Indonesia borrowed money from the world bank. The effect was a new loan with some obligations such as the obligation to buy beans from the USA till the end of the world no matter how much the USD has been manipulated.
What if Soros came again and 1 USD = 2,000 trillion?
@@anthonyk423 nah USD is used to stolen any countries assets accept the USA allies, why?
1. USA allies currencies
a. UK, 1 USD = 1 Pound
b. Euro, 1 USD = 1 Euro
c. Jordan, 1 USD = 1 Jordan dollar
d. Singapore, 1 USd = 1 Singapore dollar
e. etc
2. Non-USA allies
à. Iraq, 1 USD = 0.3 Iraqi dinars when Saddam was alive. Now? 1 USD = 1400 dinars.
b. Indonesia, in 1969 - 1 USD = Rp 7.5. Soros came 1 USD = Rp 16,800
c. Venezuela, in 2023, 1 USD = 2,722 Bolivars. Now? 1 USD = 31 million Bolivars.
d. etc.
Anthony Albanese is the Australian Prime Minister, hehe. Tony Albania 😂 I love your videos btw. You could be talking about paper and I'd still be so entertained.
I don’t think so, but people have to create something instead of currency or we will be endlessly jumping painfully from one currency to another
Is the USD the only currency that's been devalued? They all do and China is printing much more especially now. In my opinion only, I don't like the direction the USA is going in on many fronts but China's future is much more dire, from demographics, environment among others. I've listened to Andrew for years, and will continue to do so, I'm not ready to act, but one of my sons lives in Poland and I'd be interested in that but know its very difficult. To grow, you need to listen to people with info especially when its not what you want to hear.
The US government owes its retirees over USD 130 trillion in payments over social security towards the next 30 years .
Its tax rolls barely cover interest payments on Government Securities.
There you have , the motivation to debase the dollar. Lower currency buying power , meet payment obligations with your monopoly money .
Can you grasp the concept ?
Watch little too much msm? Travel to China and see it for yourself.
De-dollarization is not intended to be an exclusive momentary system. It is just another method of financial transactions using currencies other than the USD.
Investing in the Ringgit may be a good idea. May out pace the S&P in value gain this year.
US pissed off too many countries to even count 😂 even their own "allies"
Request your opinion on India's tax system. We Indians also feel heavily taxed directly and indirectly.
Maybe chatgpt is a good option
Bro ıts not just you We having trouble ın turkey wıth tax system too
Also I have some greek friends and they are complaining about tax system too
@@Muraat2857 it seems a neoliberal economic phenomena.
Nomad seems like a very bright and successful chap, but with regard to this side of economics is well behind the curve.
how? in what way?
@@fannyalbi9040 The apparent sudden recognition of China and alike. I find it difficult to believe he was unaware of the decades long situation, seeing as he spends much of his time in the Southern hemisphere.
Well said!
Im about to get my second citizenship in Brazil and couldnt be happier! In fact Im proud be connected to BRICS!
I would rather pay the tax here than be subject to what the US is planning to do to completley screw just about everyone.
Im a crypto trader and i think BTC and XRP will the central to the global banking system.
And ill bet my US cititzenship 😂😂😂 that BTC will be used to pay off the US debt.
Congratulations. We lived in Brazil nearly 2 years back in 2011 and 2012 and the bureaucracy was insane. Sent there for my husband’s work. Company invested a lot. Despite that it took over a year to get our Viper (5 years ) visa, and, as a result, 16 months to get our container with all our stuff!
Every step was painful. Want to buy a fridge? Need a CPF number.
Want to change driving licence? Full day of psycho and intelligence tests ( in Portuguese) before you do!
Register a vehicle? Rules changed depending on who you spoke to.
Unless you have a local relative or partner it is extremely hard and painful. Oh and must be fluent in Portuguese.
I love Brazil and Brazilians, but the government and bureaucracy made it insane. I don’t know how businesses can operate over there, even with a local fixer.
Thank you! 👍🏼👍🏼👍🏼
This just won't happen as long as China keeps restricting the maximum foreign currency trade to about 50,000 USD a year for Chinese citizens and residents. Also, why would anyone who isn't affected by this restriction want a currency that is that tightly controlled by its government?
China ain't doing a global currency. It's a currency exchange outside the western system. And you need yuan only when you buy goods from China. You go to the exchange, you sell your own money to people that want goods from your country for yuan, and then buy whatever product you want from China...
Agreed. This is trying to sell a shit sandwich. China won't continue to be the manufacturing hub either. Multinationals will continue seeking the next slave shop they can exploit, and that's looking like Vietnam and India among others.
what currency is not tightly controlled by the government? usd? 😂😂😂 naive
The restrictions were imposed to stem capital flight. By wealthy Chinese .
The new system is more trade oriented. One take yuans knowing himself or anyone at the trade will buy the equivalent in China's output.
Call it barter pegged by a basket of currencies.
The world outside the US is doing it.
De-damit was going to retire in 15 years with usa dollars
Never seen yuan except in China
Better buy gold with your dollars before the dollar loses value.
I used to think the dollar would crash. Starting to look like it never will get the chance. Folks better enjoy life where they prefer to be. We inch ever closer to global war daily. Remember that when there is nothing to buy, money is a bit silly. About on par with Steam Badges.
Very wise words! Thanks!
Hope you all are having a fantastic time in Kuala Lumpur!
They're gonna be spending all that time looking down for sinkholes 💀
😡@@riptyurass302
The Duran was there!!
We did thanks! Highly recommended.
@@colinrainier5755 I went last year, had a blast. SO much information.
Good points 💯
have spent 15 years trading eur/usd the manipulated BS $ is the only thing that pumps on terrible data and visa v macro does not work imo , however much as I would like it to carry on tanking I think we are nearing support just in time for the equally BS elections.. the $ has so many upside Gaps and Gaps get filled.. if this kind of China news gets everyone bearish $ thats exactly what they (fed) etc want..
Anchor vs sail. Clinging to "legacy" is the anchor mindset. If the winds of change are picking up, become a sail instead.....and go where you are treated best.
Interesting topic
You Absolutely Nailed Ole Gomer Pyle, U.S.M.C 🤣😂😂
I disagree Andrew. Chinese Yuan represents 2% of world currency exchange. The US Dollar is still over 50%.
What can you do with CNY? Where can you spend it except for China?
US Dollars are accepted everywhere by everyone.
There is no way on this earth I'd invest in any mainland Chinese company for foreseeable future.
People who've been investing in China for over 30 years are struggling to get their money out from Chinese bank accounts.
So I strongly disagree with you on this one. Yes you can put your money in, but good luck getting it out.
Just now China is a giant corrupt Ponsi scheme.
Yes 👍
Bitcoin wins in the long run
Where do you need to spend it except in China? China makes everything.
No they are not accepted everywhere, not by a long shot. You can't spend US Dollars in 99.99% of businesses anywhere in Europe. You have to go to a guy in a little store and exchange them for the local currency OR your credit card USD$ purchase is automatically converted at a very poor exchange rate INTO the local currency, not accepted in dollars. EU, India, Brazil, Russia, China, can trade amongst themselves without a Dollar in sight, and hello, that's way more than half the world
US dollars are NOT accepted in the UK. People will tell you to stick your dollar where the ☀️ don't shine. You have to exchange your dollar just as you would have to exchange the yuan. You under educated 🤡
I was a NRI in the US for 18 years. Wow! I certainly like the caricature of those arrogant Americans' patriotic pride. Excellant.😂😂😂
Most countries in the global south use Chinese products, so why should they US dollars to pay for the products.
The yen carry trade is going to take the dollar down. What happened on August 5th was just a little tremor. The big earthquake is yet to come soon.
The USD is being replaced with the Euro as the global reserve currency.
@@matthewnirenberg that I can see.
Yeah Ill believe it when they show me they change their savings savings currency to something else
BRICS is going to create their own unified gold-backed digital currency. The gold will be distributed across all of the major BRICS nations.
Not gonna happen. China and Russia are not keeping their gold in different countries.
Tony “Albania” 😂
The people tell you who will run the world. Walk anywhere with any current and see what people can take.
Only dollar and Euro. Other currencies are useless for 80%
Will US companies and organizations be able to pay American workers in BRICS currency?
Gold and silvers time is coming. Its gonna be awesome
Every time I hear the “dedollarization” arguments, I just laugh. Cause when the pizza delivery guy shows up, try paying him with Renminbi, or Rubles, or whatever…
You already can guess how that’s going to play out. He’s going to ask why you’re giving him wallpaper instead of money.
Because your “world” is too small, tiny 😂
@@huitonghwang6594 really? So, just how many Renminbi do you have in your bank account?
And just how well have you been able to spend that kind of money outside of PRC?
@@huitonghwang6594 I bet his world only in western country.
Same goes in Brazil , for the same pizza delivery . The parlor owner does not want US Dollars, nor the driver .
They wil take pic pay, reals.
@@huitonghwang6594His language is full of arrogance, typical American
Please make an episode for middle class who depend on jobs how could they make it and what the options for them in regard to that global shifting
Switch from class mindset to individual prosperity and legacy building. Get skills that are needed around the world, and the world will reward you with options. Middle class is just a political fabrication, no such thing exists in reality.
FYI- these videos are not meant for the “middle class”. They’re mainly targeted for people with seven to eight figure net worth at a minimum…..🤨🤔😏
Apply for jobs overseas, say you’ll take a pay cut for visa sponsorship. Easy peasy lemon squeezy. Working on my third citizenship now.
@@plizak thank you man , i was want to know destinations options , congrats for your third citizenship 🙌🙌
@@mohamedhasan318 not there yet, one more year to go!
you are right, Canada is gone. Many of us got second passports because we had anticipated this.
Canada is a scary place now. The number 1 cause of mortality is now via the MAIDS program! A country that actively push its own population ( the poor, mentally ill, disabled, old, unemployed etc…) to self delete is seriously gone down a very dark Road.
No I don’t think so. Just like everyone else are trying to derisking due to weaponisation of the financial mechanism and dollar which should not happen or done. It still can be fixed. Depends on the politician and diplomatic solution.
Trump is promising tariffs all across the borde. Tariffs will raise the cost of living in the US dramatically. Even automobiles assembled in the US will cost more because components are sourced from Mexico and other countries. That F-150 that is so popular among conservatives will cost more for example. Under Trump's policies being American will become even more of a disadvantage. Australia, New Zealand, and Brazil slapped visa requirements on Americans. An administration that believes other countries must fail in order for the US to succeed will become even more isolated and the US passport will drop in rank even more.
The $US is the world currency because it’s a dependable, stable currency. Whilst authoritarian governments, like CCP, might be able to persuade other governments to trade in the yuan, like Russia and Indonesia, the world economy won’t deal in a currency that is subject to government manipulation and an uncertain economic future. Russia wants to trade its oil in rouble but neither of India or China agree, beggars can’t be choosers. Be very careful of any video that soft pedals on China but derides the US, UK Europe.
Corruption killed the dollar
Corruption and imperialism.
Spoken like a Chinese bot lol
Corruption kills everything but the corruptor.
It's not dead.
@@ChardificationsEven the bot speaks truth
The US Dollar is an index not a currency and how did it come to be that way
The value of the dollar is falling vis a vis other major currencies
I think specifically in Europe we're aware of this optix certain countries so i disagree with you claiming that we look to the U.S. We really don't, politically perhaps but the general public are aware of what's going on beyond our island.
Bitcoin will replace every FIAT currency. First with international transactions, then in internal markets.
Brics can trade whatever currency or widgets with each other, it doesn't matter. The US is still the largest consumer of goods in the world. They want to do business with the US, they still have to use US dollars
China Observer channel recently had a video exposing that chinese currency notes had duplicate serial numbers printed on multiple notes... but they weren't counterfeit. That means the Chinese government are printing money, but potentially only reporting they are printing 1/2 that amount.
Another older story talked about banks telling vacationers to NOT use cash overseas.. some vacationers ignored this.. and found out the bank was issuing counterfiet currency. Holding wealth in ANY of the government fiat currencies is a bad idea.
"China observer" lol why not believing in the flat earth theory
"China Observer" They got you 😂
I think people take on the entire situation is misleading and completely one sided.May I mention that china is also facing problems with there economy right now not to the same degree as the united states.The dollar is getting weaker and loosing more value rapidly now but the other thing everyone is overlooking as this, the usdt is already acting as a form of the us dollar and it is doing a really good job at it. The usdt is stable and holding value against all other digital currencies and is more stable than the us dollar itself.Because the usdt isn't aligned with the federal reserve nor did the federal reserve create it either.So for other countries to create a digital currency there digital currencies won't outperform nor won't be as stable as the usdt. And with the usdt you can earn up to 25% yield a year that's more than double to what you get with the us dollar itself
Since Americans know the dollars is collapsing, why don't they buy gold now?
They don’t need to. They stole lots from Libya, Iraq etc…. Libya was building a huge gold reserve to start an African currency away from the French vice grip of the Franc CFA. Very ( very!) profitable for France but too costly for those nations stuck with it. That is why Gaddafi had to go.
1945 - 2024 😂😂😂 80 years American is incapable of holding on to power
History has shown all nations rise and fall, from rte Babylonian, Assyrian, Roman, Greek, Ottoman to.....the British and next American. China also rose and fell but now resurrecting.
Most empires are gone after 125yrs max.
US never face China before that they has 4X population of US
Wash.DC ruins everything
The reason America lost its power is because it abandoned its manufacturing advantage. The rust belt used to be the wealth factory of the nation and what gave it the unparalleled ability to create whatever was needed, including weapons of war on a massive scale.
Sadly due to political decisions, most of that manufacturing left to areas with cheaper workers and anyone that didn't support the move was called racist, because by exporting all those jobs America was helping to lift the people of those countries out of poverty. The move made some Americans incredibly wealthy, but made most poorer. It's amazing how much less many workers get paid today in real terms than people were in the 70's doing the same job.
China is the source of the most goods that you need, so it makes so much sense to keep and trade in CNY. With renewable revolution well underway, and China is the source of the majority, USD is increasingly becoming redundant.
XRP will be a bridge currency between all currencies