Ask Prof Wolff: Is the U.S. Dollar in Trouble?

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  • Опубликовано: 28 мар 2023
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    A Patron of Democracy at Work asks: "I'd love to hear your thoughts on what a world looks like if the US dollar loses its primacy. What does the "economy" look like in the USA? Will there be a huge collapse?"
    This is Professor Richard Wolff's video response.
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Комментарии • 2,1 тыс.

  • @Patriciabanks5
    @Patriciabanks5 15 дней назад +1153

    The United States as we know it is no more. All signs point to 2024 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.

    • @KevinClarke9
      @KevinClarke9 15 дней назад +4

      Congrats. Your ability to control the whole risk profile of your investments and prevent irreversible capital loss will be your actual financial unlock. A plan must be in place to take advantage of opportunities to profit when they arise.

    • @ScottArmstrong12
      @ScottArmstrong12 15 дней назад +3

      When you first start off, you should get advise from a fiduciary counsellor if you don't want to crash and burn. They adopt a profit-driven approach based on individual risk tolerance because their entire skill set is built on simultaneously trading long and short.

    • @MarkGrimm8
      @MarkGrimm8 15 дней назад +3

      true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

    • @ritalorrigan
      @ritalorrigan 15 дней назад +3

      I've been thinking about going that route. I've been holding onto a lot of stocks, but they're starting to lose value, and I'm not sure if I should retain them or sell them. I think hiring your investment coach would help me restructure my portfolio.

    • @MarkGrimm8
      @MarkGrimm8 15 дней назад +3

      Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

  • @Sampson-jh7yq
    @Sampson-jh7yq 15 дней назад +622

    The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

    • @CrystalJoy-32
      @CrystalJoy-32 15 дней назад +3

      I feel like I could really need more assistance because navigating the market is so frightening to me. I've already sold off the majority of my assets, so I could use some guidance on where to put my money.

    • @alicegomez7232
      @alicegomez7232 15 дней назад +2

      I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.

    • @FrankPatrick-no8zo
      @FrankPatrick-no8zo 15 дней назад +1

      Biden is not entirely responsible for whatever is going. The economy is cyclical, and things will definitely get better. The first rule of investing is to keep investing, whatever the economy is doing. That is how you make substantial gains.

    • @jose2212-
      @jose2212- 15 дней назад +1

      That's some incredible gains. How do you find a financial advisor? I've been trying to connect with one for some time now, an I don't want to work with hedge funds.

    • @FrankPatrick-no8zo
      @FrankPatrick-no8zo 15 дней назад

      There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

  • @antonnohr
    @antonnohr 9 месяцев назад +431

    Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.

    • @Jason9o669
      @Jason9o669 9 месяцев назад +3

      Government policies have jeopardised the future for many years, and consequences are approaching. I anticipate an 75% decline in the stock market, causing investors to shift toward real estate. Traditional banking may become less reliable, so it's essential to develop a survival strategy.

    • @VickyAlvy
      @VickyAlvy 9 месяцев назад +4

      These are the conditions in which life-changing money is made by those who remain calm, patients, and take controlled risks. Volatility goes both ways, the bigger the red candles, the bigger the green ones.

    • @ClementRusso2
      @ClementRusso2 9 месяцев назад +3

      I consult a financial coach before investing. During the pandemic, I employed profit-focused strategies and risk minimisation, leveraging their insider knowledge and analysis. Working with Stacey Lee Decker as my coach for over three years, I've generated around $750k in earnings.

    • @Rodxmirixm
      @Rodxmirixm 9 месяцев назад +1

      I've been passively earning a six-figure income through my investments with Stacey Lee Decker. She guided me to the right community to enhance my financial growth, and I don't need to put in much effort. Regardless of market fluctuations, I consistently generate returns.

    • @PatienceWilson-xp2yh
      @PatienceWilson-xp2yh 8 месяцев назад +1

      Hello dear,i really admire and like what you share and comment on facebook.i would like to be your friend.

  • @Rochelletrem
    @Rochelletrem 10 месяцев назад +1405

    Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

    • @berkrix4312
      @berkrix4312 10 месяцев назад +4

      Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.

    • @georgebarret
      @georgebarret 10 месяцев назад +3

      Well I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor, and I've actually made over $120K with their help during this market crash. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.

    • @DavidRiggs-dc7jk
      @DavidRiggs-dc7jk 10 месяцев назад +3

      @@georgebarret That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

    • @georgebarret
      @georgebarret 10 месяцев назад +4

      My Financial adviser is ‘’Julie Anne Hoover’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

    • @DavidRiggs-dc7jk
      @DavidRiggs-dc7jk 10 месяцев назад +2

      @@georgebarret Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @SophiaChristian-so2of
    @SophiaChristian-so2of 9 месяцев назад +1881

    According to certain economists, it's possible that the U.S. and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

    • @MarkFreeman-xi3rk
      @MarkFreeman-xi3rk 10 месяцев назад +5

      Currently, my primary worry is how to increase revenue during periods of quantitative easing. I cannot afford to witness my savings dwindle away.

    • @JenniferDrawbridge
      @JenniferDrawbridge 10 месяцев назад +3

      It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance.

    • @cythiahan8455
      @cythiahan8455 9 месяцев назад +2

      How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings.

    • @JenniferDrawbridge
      @JenniferDrawbridge 10 месяцев назад +1

      I personally work with ''Margaret Johnson Arndt'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her webpage on the net.

    • @AntonioBianh
      @AntonioBianh 9 месяцев назад +2

      @@JenniferDrawbridge Thank you for this tip. it was easy to find your coach. Did my due diligence on her then sent an email. She seems proficient considering her strong resume.

  • @RickMckee-nq4ni
    @RickMckee-nq4ni 9 месяцев назад +460

    It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

    • @BillAdamson-bp9ff
      @BillAdamson-bp9ff 9 месяцев назад

      That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

    • @AndrianWiener
      @AndrianWiener 9 месяцев назад

      In the world of finance, recessions are prime opportunities for wealth creation. When my portfolio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.

    • @AstaKristjan
      @AstaKristjan 9 месяцев назад +3

      Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name “ Michelle Christine Parker" and everything changed. In in the first quarter of this year i made $370k and counting.

    • @Erinmills98
      @Erinmills98 9 месяцев назад +2

      Thank you for the tip, I must say, Michelle appears to be quite knowledgeable. I Found her weeb page after searching her name online , I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

    • @user-dl8iz9zn8i
      @user-dl8iz9zn8i 9 месяцев назад

      Peace be with you 💚
      We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @svengrot7943
    @svengrot7943 Год назад +466

    Heard someone say 2023 could be more trouble for stock holders, yet a good buying opportunity! I'm not new to the markets but unconvinced with my conviction lately. I just want to do it like the legends Ackman, Buffet, Lynch, etc, unfortunately I'm in my 50's and time is of essence.

    • @roseroland1998
      @roseroland1998 Год назад +2

      the stock market is geared towards long-term for attractive returns especially if you invest in high-growth and multi-bagger shares after evaluation of risk, or better still consult an invt-advisor not to make any costly mistakes

    • @Curbalnk
      @Curbalnk Год назад +1

      @@roseroland1998
      The issue is people always have the “I want to do it myself mentality” Unapologetically, that’s why they get burnt amidst crash, cos they aren’t equipped enough. I slowly but steady make gains when its bearish, and even pull off profits easily in a bull market. Concisely, I've summed up a whooping 7-figure ROI after subsequent investments in less than 3 years

    • @Curbalnk
      @Curbalnk Год назад +1

      @Stanley Edwin Personally nothing beats expertise, so I use advisory management, and credits to ''KAITLIN ROSE STERNBERG'' for solid 2 years and 6 months precisely. She's a renowned coach, you can simply look her up and confirm yourself.

  • @trazzpalmer3199
    @trazzpalmer3199 Год назад +662

    “There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months.

    • @hannahdonald9071
      @hannahdonald9071 Год назад +1

      I'll suggest you find a mentor or someone with experience to guide you especially in this recession.

    • @zoeytank2921
      @zoeytank2921 Год назад +2

      @@hannahdonald9071 You will need a strong FA to help you through the current market turmoil. I've been talking to a coach named Maria Juliana Ramirez for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.

    • @tampabayrodeo2474
      @tampabayrodeo2474 Год назад +1

      @@zoeytank2921 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

    • @zoeytank2921
      @zoeytank2921 Год назад +1

      @@tampabayrodeo2474 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

    • @mcginnnavraj4201
      @mcginnnavraj4201 Год назад +1

      I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

  • @marialuizagaler7674
    @marialuizagaler7674 Год назад +141

    Dollar losing it's primacy is indeed a BLESSING for the human kind!!

    • @john-lenin
      @john-lenin Год назад

      It will be when your family is starving.

    • @theeuphioanswer770
      @theeuphioanswer770 Год назад

      Why? Because Xi and Putin are going to usher in a new era of perfect human rights?

    • @beginner_electric_guitar
      @beginner_electric_guitar Год назад +13

      Amen.

    • @OBCBTTB
      @OBCBTTB Год назад

      If it means that the US can't support its 1000 military bases around the globe and all the perennial wars, then the world will be a better and more peaceful place.

    • @kevinschmidt2210
      @kevinschmidt2210 Год назад

      @@john-lenin If his family starves, then so will yours, and so will you.

  • @andrewc3551
    @andrewc3551 Год назад +40

    The weapons contractor worked so hard and the Dollar value dropped so fast

  • @jamesharrison6569
    @jamesharrison6569 Год назад +789

    The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated..#

    • @serenasmith2859
      @serenasmith2859 Год назад +1

      The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

    • @monerharris9430
      @monerharris9430 Год назад

      @Vace Stevens wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

    • @monerharris9430
      @monerharris9430 Год назад

      Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.

    • @jamesgeorge5896
      @jamesgeorge5896 Год назад

      Well, that's a good suggestion! Sofia is someone I also know. She is my mentor as well. I heartily endorse her

    • @eliasnavytanga
      @eliasnavytanga Год назад

      You are just a scambag. Tthe market hasn't dropped anything. Actually it has gained. s&p500 has gained over 3% in the last 3 months. You are part of scam team here, trying to prey for weak ass investors.

  • @sophiaw7041
    @sophiaw7041 Год назад +13

    Professor Wolff is the very Few of Americans who know Why US Dollar is in Trouble. He is Very Knowledgeable and Straight forward and tell all the Truth no matter if one likes or not. Chinese like this Smart American economist and professor. His opinion is based on the facts Not on the political status, which is the most important. ❤

    • @godwatchme3114
      @godwatchme3114 Год назад

      we will fight all over the world and make sure they all use dollars!! if the chinese not listen to us, we will teach them to learn!! we will unit our western friends to fight the chinese .. we will win!

  • @yu-jd5jg
    @yu-jd5jg Год назад +195

    The Hegemonic US in general must or be forced to relearn how to live within its means and mind its own business in the world

    • @ronskancke1489
      @ronskancke1489 Год назад +16

      Just Amen! Our leaders don't realize how many people feel this way.

    • @user-vc5qk9tg7u
      @user-vc5qk9tg7u Год назад

      in all honesty, China and RF won't have to do much at all, U$ will simply self implode, inflicted by its own oligarchs, U$ days are numbered.

    • @marywest6844
      @marywest6844 Год назад

      I believe US needs to live by example. Shame it has been infiltrated and squeezed by banks and industrialists .

    • @azuresage1067
      @azuresage1067 Год назад +4

      Are you willing to sacrifice for this cause?

    • @cr4yv3n
      @cr4yv3n Год назад

      This message was brought and paid for. By China's useful idiots

  • @sandrajones1609
    @sandrajones1609 Год назад +128

    Thank you Proff Wolff for your succinct, honest portrayal of information. I appreciate your effort to steer away from inflamitory or emotionally charged delivery ... sometimes an emphasis needs to be made but it is easier to disseminate info w/o the sentiment. Much gratitude

    • @geoffreynhill2833
      @geoffreynhill2833 Год назад

      I'm a fan too but the Big Good Wolff has taken to howling so loud he soon won't need a microphone! 😉

    • @genelarson6849
      @genelarson6849 Год назад

      As i see it the speaker spent little time toward any action regarding countering these negative realities only whining about bad times ahead
      and the inevitable implosion of our great nation come up with answers sir if you cant move over for one who can

    • @papax7241
      @papax7241 Год назад

      Honest portrayal? Over the years, because of the juggernaut economy of the US, dollar has placed itself as the standard medium of exchange for the whole world. Other countries use $ to trade not just with US, but also with each other. Those countries who want to replace it are authoritarian countries. Their motive to do so is political, not economical. By doing it, they want to weaken the US. Because the US is the most powerful country among others that stands against their policies that abuse human rights and derived by the imperialistic will of their leaders. But they can hardly achieve it. Other free world countries won't join them. Please, do your judgment before consuming any information.

    • @biljanazivkovic4870
      @biljanazivkovic4870 Год назад +4

      @@papax7241 you are funny, this is the end of worst tyrannical country in the history

    • @komangthe1413
      @komangthe1413 Год назад

      ​@@papax7241AS adalah negara perampok hasil bumi negara lemah militernya.

  • @johleby8048
    @johleby8048 Год назад +10

    Thanks for the education, Professor Wolff.
    🙏❤️🙏

  • @billhaney8160
    @billhaney8160 Год назад +301

    If the dollar collapses the war machine will run out of gas.

  • @liberty-matrix
    @liberty-matrix Год назад +126

    "Once we lose the world's reserve currency status, there's no going back. We won't get that prosperity that we've been able to enjoy. It's going to be a very very different world in the United States of America." ~ Mike Maloney

    • @elinoreberkley8221
      @elinoreberkley8221 Год назад +9

      Trump 24

    • @NoRockinMansLand
      @NoRockinMansLand Год назад +8

      The US will alsp be forced to focus more on global politics and culture because it has been very self absorbed for close to 60 years

    • @bestvideoforcats
      @bestvideoforcats Год назад +5

      A Maloney quote under a Wolff video. I didn’t think I would ever see that.

    • @luxeternity
      @luxeternity Год назад

      A brave new world

    • @spudsT
      @spudsT Год назад +9

      @@elinoreberkley8221 You saw how he fixed this, right? 😂 he and his buddies are building bunkers and buying yachts to leave you and me here to rot. No elite on either side is gonna help.

  • @MK-nj5bm
    @MK-nj5bm Год назад +3

    Great Info Prof Wolff - Subscribed. Thank you sir, keep sharing your knowledge.

  • @kenkwong1110
    @kenkwong1110 Год назад +4

    It’s always a pleasure to watch your show.

  • @wilsonyap2619
    @wilsonyap2619 Год назад +43

    Thank you Professor Wolff for that clear and simple to understand explanation.

    • @jonathancampbell586
      @jonathancampbell586 Год назад

      Very good and Sad.

    • @user-dl8iz9zn8i
      @user-dl8iz9zn8i 9 месяцев назад

      Peace be with you 💚
      We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @angelam.5508
    @angelam.5508 Год назад +66

    This is my first time hearing this gentleman. He makes his answer to this question quite plain and easy to follow. You have definitely earned a sub. Many thanks for your perspective Professor Wolff. 🙂

    • @iller3
      @iller3 Год назад

      Yes, he is very consistent, and rarely strays into the Melodrama that most "journalists" seem to keep engaging in

    • @user-dl8iz9zn8i
      @user-dl8iz9zn8i 9 месяцев назад +1

      Peace be with you 💚
      We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @pililacantos5272
    @pililacantos5272 Год назад +1

    Thank you for your research, guidance, & time my good sir. ❤

  • @onwugharablessing8264
    @onwugharablessing8264 Год назад +4

    Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

    • @Mathew-bp5bm
      @Mathew-bp5bm Год назад

      Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.

    • @josephlee4001
      @josephlee4001 Год назад

      I agree with you totally Rose, Yes they can be positively impactful to an individual's portfolio. I started with a trust Financial Adviser named "Jackson Sten Marsh". He is verifiable and he work ethic complies with the US Investment Act of 1940. He approach is transparent, allowing full ownership and control of my portfolio with very reasonable fees relative to my portfolio earnings.

    • @emilysmith5287
      @emilysmith5287 Год назад

      I know I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are his services like?

    • @josephlee4001
      @josephlee4001 Год назад

      Credits to *Jackson Sten Marsh*, one of the best portfolio manager;s out there. he;s well known, you should look his up.

    • @emilysmith5287
      @emilysmith5287 Год назад

      He covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that. You can take a look at his full name on the internet. he is renowned. So it shouldn't be difficult to find him official webpage.

  • @eusouun9181
    @eusouun9181 Год назад +26

    Excellent knowledge contribution, that of yours, Dr. Wolff!

  • @lindascanlan6317
    @lindascanlan6317 Год назад +50

    My favorite economic guru. .ty for all your hard work...the information gained from your talks is invaluable...

    • @douglascarlson9006
      @douglascarlson9006 Год назад

      Your favorite economic guru is worthless ... ever notice? ... he's never ever mentioned the WEF or the Great Reset ... he's a dinosaur!

  • @RayTech70
    @RayTech70 Год назад +4

    Thank you for this video Professor... I learned a great deal here.

  • @thorthailand
    @thorthailand Год назад +2

    Clear and to the point.
    Thank you.

  • @etbuch4873
    @etbuch4873 Год назад +20

    Viewing from the bright side, this shift in general could be a blessing to the US when it becomes a true republic instead of an empire and equal among all.

    • @Falconlibrary
      @Falconlibrary Год назад +8

      The empire benefits regular people like us not one bit, so goodbye and good riddance. Sweden doesn't have the world's reserve currency but they're far more prosperous and provide better for its people than we do, for example.

    • @Kim-Yo-jong
      @Kim-Yo-jong Год назад

      Bad for Americans and our leadership in the short term but good for the long term. Need a revolution to overthrow the regime after the dollar collapses.

    • @dwanemarsh4378
      @dwanemarsh4378 Год назад

      IF you wish to have a stronger U.S. ,as I do, then we HAVE to get rid of all the far left liberals, AND the cray leadership on BOTH sides. WE have very few actual good candidates every time! As a retired U.S. combat vet, it is my opinion that our leadership has led us down bad paths. And this stupid, nauseous blather of how the U.S. military WANTS wars is ridiculous! NO military member, with any common sense, WANTS to fight a war!

    • @27bayoubengals
      @27bayoubengals Год назад

      You are smoking crack. Sweden doesn’t have tens of trillions of debt or run billion dollar deficits. It will be like Venezuela. We are looking at hyper inflation not seen since the Weimar Republic. Hold on to your nuts cause it’s gonna get ugly.

  • @AndromedaCeline
    @AndromedaCeline Год назад +58

    Thank you! I’ve seen so many videos on RUclips, about BRICS and the US dollar but none of them actually explain what happens if the US dollar fails. And it’s nice to have someone actually explain it plainly and bluntly.

    • @liangli1879
      @liangli1879 Год назад

      US becomes the second class nation without any hope in future. Diligent nations who create real wealth instead of green paper will become prosperous. US game on finance is ended

    • @764ff
      @764ff Год назад +6

      Brazil, China, India, Russia and South Africa are a very strong alliance Brazil is a giant of agriculture, China of technology Russia is a giant in energy, oil, gas and others. there is still india which is a power and there is south africa which has a lot of raw material.

    • @therealdeal2163
      @therealdeal2163 Год назад +13

      ​@@764ff and if Iran and the Saudis join BRICS then game over for the USA .....and that's not counting Indonesia , Argentina , Egypt and possibly Turkyi joining .....imagine a grouping of all these nations .....

    • @choifayue9848
      @choifayue9848 Год назад

      @@therealdeal2163 don't forget Meixco, thats why US is now attempting to invade south of the border PEACE

    • @freedoom2653
      @freedoom2653 Год назад +5

      Welcomd to venezuela

  • @triplezero1460
    @triplezero1460 9 месяцев назад +1

    I like this guy; he is knowledgeable without being arrogant like most people from the West.

  • @godfatherofcinema
    @godfatherofcinema Год назад +17

    Once again, thanks for clarifying the finer points of this tragedy occurring in real-time before our very eyes. Won't be long before this hits home; then, even the eternal optimists will agree with you once the real pain starts--this is only the beginning. God Bless, sir.

    • @Canadian_Eh_I
      @Canadian_Eh_I Год назад +1

      Yes, I dont think that this transition to the USD taking a back seat will be super smooth by any means

    • @user-dl8iz9zn8i
      @user-dl8iz9zn8i 9 месяцев назад +1

      Peace be with you 💚
      We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

    • @godfatherofcinema
      @godfatherofcinema 9 месяцев назад

      @@user-dl8iz9zn8i Peace be with you as well no thank you

    • @kiwitrainguy
      @kiwitrainguy 8 месяцев назад

      Unfortunately those "eternal optimists" won't agree with the likes of Prof. Wolff, they will look around for someone to blame. The Nazis did it with the Jews, I wonder who will be in the cross-hairs this time.🤔

  • @Gentilejedi
    @Gentilejedi Год назад +46

    So basically, it's time for US (US) to pay the piper.

    • @gwills9337
      @gwills9337 Год назад +12

      Yes another way the current generation gets dumped on by the Boomers

    • @mallyd4521
      @mallyd4521 Год назад

      @@gwills9337 Or by your bully boy government.

    • @johnsmith-cw3wo
      @johnsmith-cw3wo Год назад

      @@gwills9337 yeah... NO. good news for young people... because americans will have to actually make shit not just print money and import them... so LOTS and LOTS of new jobs.

  • @sachingawade4050
    @sachingawade4050 Год назад +9

    Thanks for your Honest straight forward review without any BS.

  • @allentyler3552
    @allentyler3552 Год назад +90

    Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.

    • @rukky3065
      @rukky3065 Год назад +3

      i agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.

    • @allentyler3552
      @allentyler3552 Год назад +1

      I think the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and would-be investors often undermine and most often neglect the importance of technical analysis with regards to investing. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market

    • @allentyler3552
      @allentyler3552 Год назад +6

      Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements or better still get an investment advisor who'd guide you and help you manage your portfolio just like my boss back then, He was working with an IA Nicole Brusher and i would bet he still does. I can boldly recommend her because i've witnessed her performance first hand. She's the real deal.

    • @rukky3065
      @rukky3065 Год назад

      How can I get across to Nicole Brusher?

    • @allentyler3552
      @allentyler3552 Год назад

      you can communicate with her on Instagram

  • @manscall1646
    @manscall1646 Год назад +1

    Thanks for the good information you are giving in your channel. Indeed,is just too enjoyable

  • @BreeB.
    @BreeB. Год назад +66

    As always, thank you Dr. Wolff for the invaluable insights and the incredible work that you do!

    • @user-dl8iz9zn8i
      @user-dl8iz9zn8i 9 месяцев назад +1

      Peace be with you 💚
      We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @howardwong3645
    @howardwong3645 Год назад +5

    You are the best, wise and brave American. Salut. Our country needs more smart soul like you.

  • @joegar3174
    @joegar3174 Год назад

    Thank you for sharing your wisdom.

  • @SimplelifewithTika
    @SimplelifewithTika 9 месяцев назад

    Thank you. This is the only video I was able to fully understand .

  • @bruceseah
    @bruceseah Год назад +5

    Very clear and informative. Thank you. God bless you!

  • @sirdook2761
    @sirdook2761 Год назад +7

    As someone from the global south people like Pr. Wolff give me hope.

  • @jacobtang8260
    @jacobtang8260 Год назад

    Prof Wolff and the Democracy At Work Team 👍👍👍

  • @bibekghatak5860
    @bibekghatak5860 Год назад +1

    Fantastic analysis . Thanks to Prof. .

  • @user-em6ie2be7x
    @user-em6ie2be7x Год назад +47

    As informative as always thanks Professor Wolff.

    • @user-dl8iz9zn8i
      @user-dl8iz9zn8i 9 месяцев назад

      Peace be with you 💚
      We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @user-bw3ns1np2g
    @user-bw3ns1np2g Год назад +42

    Thank you professor 👍 I appreciate the way you make abstract ideas understandable 👍

  • @maximilliancunningham6091
    @maximilliancunningham6091 Год назад

    Superb Analysis, thank you. SUBSCRIBED !!

  • @thirumalairaj333
    @thirumalairaj333 Год назад

    You're english is loud and clear, easy to understand for a layman like me, thanking you, sir.

  • @AnnieFarmerFarm
    @AnnieFarmerFarm Год назад +3

    Thank you Prof Wolff for sharing~!

  • @OlafsonN
    @OlafsonN Год назад +25

    Most to-the-point explanation I’ve heard so far. Thank you.

  • @katharinaprotomanni7297
    @katharinaprotomanni7297 Год назад +1

    Very informative thanks!

  • @slorter10
    @slorter10 Год назад +8

    Well done prof !!!

  • @dukeinbelarus999
    @dukeinbelarus999 Год назад +5

    Wow! Real truth. Those living in the USA are not use to hearing truth.

  • @vijaychitnis275
    @vijaychitnis275 Год назад

    Thank u Sir. Great presentation.

  • @fereydoonbesharati7945
    @fereydoonbesharati7945 Год назад

    Richartd you are the greatest of all, thanks for your informative program.

  • @CodingExpress
    @CodingExpress Год назад +3

    Very insightful!

  • @giovannimartinez983
    @giovannimartinez983 Год назад +3

    Thank you very much for sharing your knowledge and facts of the economic system we jave

  • @Dagoth_Ur_1
    @Dagoth_Ur_1 Год назад +2

    There's a lot of scammy car salesman types on here who make economy videos with clickbait images and titles, it's painful to trawl through.
    You didn't look like one of them and you are not, you just talk straight and honest facts like Celente, appreciated.

  • @rrogerr01
    @rrogerr01 Год назад +41

    O BRICS está se tornando cada vez mais influente no o mundo como sua cooperação econômica uns com os outros é fortalecedor 🇧🇷

    • @tjpaiva3296
      @tjpaiva3296 Год назад +15

      RUclips translated your Brazilian flag into an American one

    • @jackinsonpablanes760
      @jackinsonpablanes760 Год назад

      kkk
      com dilmanta como presidente do banco dos brics
      essa ai na presidencia que vai querer bater de frente com o dólar, suiços, alemães, franceses, britanicos, americanos? kkk, a china que é uma caixa preta?
      N sei oq vai rolar daqui pra frente mas uma probabilidade é a criação de CBDCs ai é o golpe final

    • @umbrellacorporation5723
      @umbrellacorporation5723 Год назад +16

      ​@@tjpaiva3296 what else can u expect from an American Capitalist company

    • @ben33584
      @ben33584 Год назад +1

      ​@@tjpaiva3296 😂 amazing stuff

    • @CosmosChill7649
      @CosmosChill7649 Год назад

      BRICS post the false flag on 9/11, is a dead organisation

  • @crocmeister6177
    @crocmeister6177 Год назад +10

    Thank you Professor! Superb and succinct analysis! 💯🙏

  • @tikilanichols8023
    @tikilanichols8023 Год назад

    This is what I needed to hear. Thanks 👍

  • @RoversandBarbells
    @RoversandBarbells Год назад +1

    Great content from prof wolff

  • @mynameis0077
    @mynameis0077 Год назад +5

    Well said prof.

  • @tajnawab
    @tajnawab Год назад +12

    Hatts off Professor...Richard Wolff...A whole economic scenario in few minutes... Salaam Respect Namaste to Hosts Guests and viewers.

  • @petergreen5337
    @petergreen5337 Год назад

    Thank you very much for this lesson

  • @anonymousanonymous-tw3wm
    @anonymousanonymous-tw3wm Год назад

    Thank you for the information 👍

  • @AndreDiasRJ
    @AndreDiasRJ Год назад +14

    Today Brasil and China announced that bilateral trade will not be in dollar anymore.

    • @beastmode8203
      @beastmode8203 Год назад +2

      81% of all trade will still be in USD.

    • @markiepookiee
      @markiepookiee Год назад +1

      @Roger McMillan and they say socialism doesn’t work lmaoo

    • @eyepain4992
      @eyepain4992 Год назад

      Brazil and china will collapse

  • @ItWasntAPhase
    @ItWasntAPhase Год назад +3

    Fantastic explanation. As a business owner who manufactures in the US but relies on raw material from Europe this is of great concern. I feel that he captains of industry and corrupt politics led us to this point in exchange for past profit increases.

  • @johngibson4834
    @johngibson4834 Год назад

    Great Episode ❤

  • @eldenbeastlord842
    @eldenbeastlord842 Год назад +42

    Thank you professor for the video, very informative and clear to understand. My take on this is that America has gone too far acting like a corporation rather than actively trying to better it’s citizens or the global community. We go to other countries for oil and destabilize regimes. We are loosing our status as a hegemon and maybe it’s a good thing

    • @jerrybrickley2115
      @jerrybrickley2115 Год назад +1

      You and the professor can quit worrying, quit working, relax and enjoy life. Just go to one of the perfect countries you both worship.
      You know, a country trying to better itself and the global community.
      Quit torturing yourself in America.
      When you reach Nirvana, invite all your like minded friends to leave America and to join you.
      Problem solved.

    • @eldenbeastlord842
      @eldenbeastlord842 Год назад +8

      @@jerrybrickley2115 1) not everyone has the means and privilege to leave family/friends and then live somewhere else 2) even if they could, leaving the country Is not an actual solution to the problem 3) I love this country so I’d rather criticize it in order to hopefully one day be proud of it. Instead of being condescending, I recommend at least thinking before you type next time.

    • @WhoToldYouThis
      @WhoToldYouThis Год назад +8

      ​@@jerrybrickley2115 you are no better than a victim of abuse defending its abuser. To sit there and say "why don't you leave" is just dumb. You refuse to acknowledge the problem and anyone who does is somehow not worthy to speak on the issue? How can you support democracy if your reaction to criticism is to suggest banishment... the point of democracy is literally for people to recognize issues and attempt to change those issues through educating others so that we can collectively vote against those problems.

    • @eldenbeastlord842
      @eldenbeastlord842 Год назад +4

      @@WhoToldYouThis I wouldn’t bother, trolls like this guy live for the attention. Ironically he’s part of the problem that he refuses to recognize

    • @WhoToldYouThis
      @WhoToldYouThis Год назад +4

      @@eldenbeastlord842 unfortunately, seems to be a trend with many "proud Americans" I don't understand how so many can be so patriotic and in the same breath be so willing to throw everything to the ground. Part of me feels like the only thing I can do is brace myself for impact cus there is no way to change these peoples mind.

  • @philipwong895
    @philipwong895 Год назад +52

    The US national debt is more than $31 trillion, with 38% of it held by foreign entities. The US also has $38 trillion in unfunded Medicare liabilities and $17 trillion in unfunded Social Security liabilities
    The US dollar is the dominant reserve currency, backed by its perceived strength, allowing the US to print unlimited dollars as long as the world maintains trust in it. The US dollar is the backbone of US power, and any actions that undermine confidence in the currency threaten to destabilize its position of dominance. Each unilateral sanction imposed by the US risk damaging the stability and credibility of the US dollar, leading to dire consequences for the nation's power and influence. The US is the only country actively undermining the strength of the US dollar. The freezing of Russia's $300 billion currency reserve by Western governments may lead countries to reconsider investing their funds in US Treasury bonds.
    A significant portion of US dollars is held outside the US, estimated at 60-70% of all US dollars in circulation, due to its status as the dominant reserve currency and wide use in international trade and finance. The one trillion dollar trade deficit of the US is a consequence of being the reserve currency, as a strong dollar makes it difficult for US businesses to export goods and services while simultaneously making it easier for other countries to sell to the US. Countries are shipping goods to the US in exchange for green pieces of paper.
    The US budget deficit is $1.38 trillion in 2022 which must be paid for by selling more Treasury bonds. The interest on this debt is greater than the military budget. To pay the interest on its debt, the government sells more Treasury bonds, leading to a cycle of increasing debt. The US printing of dollars has been exporting inflation in other countries for decades, but will eventually increase US inflation. Raising interest rates to fight inflation decreases consumer and business spending, increases the trade deficit, and higher interest payments on government debt. Other countries will respond to the US raising of interest rate by raising their interest rate, risking global recession. The Plaza Accord addressed this issue in the past, but it will be challenging to implement such measures now.
    A well-run country collects taxes to fund essential services and infrastructure. In the US political system, wealthy corporations and individuals can lobby for tax breaks. The shortfall in funding for the US government has reached $31 trillion. Instead of collecting taxes from wealthy corporations and individuals, the government pays interest to them.
    Banks hold Treasury bonds for their safety, liquidity, regulatory compliance, and potential profitability. When interest rates on Treasury bonds rise sharply, the decrease in bond values reduces liquidity and makes it harder for banks to raise cash quickly. This causes depositors to lose confidence, triggering a bank run. In response to the current bank run, the government is issuing Treasury bonds to raise funds to compensate depositors for any lost funds. There are $19 trillion in deposits in US banks. The estimated unrealized loss on these treasuries is 1.7 trillion. The total size of US banks' equity is 2.1 trillion.
    The new Bank Term Funding Program (BTFP) help prevents discounted bondholders from taking losses when they have to sell them urgently. The BTFP accepts discounted bonds at face value to be used as pledges for loans to inject more money into the economy. More inflation.
    It's a Ponzi scheme.

    • @tommyboss4067
      @tommyboss4067 Год назад +4

      Yes. The Fed still keeps printing dollar out of thin air as usual. The debt ceiling has been announcing to Congress which just rubber stamper. And the Government in which is also just an astronomically spender beyond its means. All rekcless and no shame. Sell..... sell.... sell.....run.....run....run.....😂😂😂

    • @haggai3.477
      @haggai3.477 Год назад +1

      Erudite Examination.
      Excellent Enquiry.

    • @benderthegreat4728
      @benderthegreat4728 Год назад +3

      You could have made a video and help mora people understand what is going on. Great analysis.

    • @DontUputThatEvilOnMe
      @DontUputThatEvilOnMe Год назад +1

      So is pretty much all the others worlds currencies. You think china isn’t doing the same thing with their currency to fund their BRI projects and loans. Everyone talks about dollars but if you look at every other countries currency they are worse. Dollar is really going anywhere.

    • @tommyboss4067
      @tommyboss4067 Год назад

      @@DontUputThatEvilOnMe Please prove it with numbers, don't just guess? For example, the US Defense budget of USD 842 Billion was printed out of thin air and will also evaporate into thin air. Unnecessary, useless, and unproductive. Unfortunately, no one cares to criticize it. 🤣🤣🤣

  • @nadirmahfoudh1812
    @nadirmahfoudh1812 Год назад

    Very informative and indepth analysis.

  • @bboystretch7788
    @bboystretch7788 Год назад

    Well summarised.

  • @jacquelinemorgan2086
    @jacquelinemorgan2086 Год назад +6

    Excellent presentation Prof
    Wolf. Many thanks

  • @ildarShafigullin66
    @ildarShafigullin66 Год назад +19

    Not U.S. Dollar in Trouble.
    U.S. it is Trouble.

    • @neoliberalerneandertaler9347
      @neoliberalerneandertaler9347 Год назад +6

      Capitalism in General is in trouble lead by the Dollar. Not Money is the problem but the need to extract a Profit with the money you have investet

    • @worldofjimjim
      @worldofjimjim Год назад +4

      ​@@neoliberalerneandertaler9347 yes wanting something for nothing is humanity's big problem.

    • @chillxxx241
      @chillxxx241 Год назад

      Incorrect…world is in trouble. Supply chains are falling apart and regional conflicts the like that we haven’t seen since WWII are about to take place. Russia wants to attack and control its former territories. China wants to attack Taiwan and threaten countries in the South China Sea. India and China want to exercise territorial claims. Turkey and Iran are competing for influence in the Middle East. Who knows how many conflicts will arise in Africa?

    • @764ff
      @764ff Год назад +4

      Brazil, China, India, Russia and South Africa are a very strong alliance Brazil is a giant of agriculture, China of technology Russia is a giant in energy, oil, gas and others. there is still india which is a power and there is south africa which has a lot of raw material.

    • @chillxxx241
      @chillxxx241 Год назад +1

      @@764ff Mexico, Indonesia, Nigeria, and Turkey (MINT) was the other lesser known group of emerging economies recommended for investment. That is likely a better group than BRICS, especially with what is going on in China and Russia.

  • @sbam3139
    @sbam3139 Год назад

    💯
    Prof Wolff....Thank you

  • @neelamvalecha4837
    @neelamvalecha4837 Год назад

    good update.

  • @g.m.8360
    @g.m.8360 Год назад +13

    Thank you for explaining the problem to the people who refused to believe it which I feel is very high because they don’t understand basic economics let alone balanced a checkbook 😂

    • @jgalt308
      @jgalt308 Год назад

      Since even Marx understood what money was it doesn't look like the professor? understands the "problem" at all.

    • @kevinschmidt2210
      @kevinschmidt2210 Год назад

      @@jgalt308 It doesn't look like the poorly programmed Ayn Rand ChatGPT bot understands punctuation rules at all.
      Nor does it understand biased opinions, dishonestly asserted as facts, are completely worthless as arguments.

  • @bma1955alimarber
    @bma1955alimarber Год назад +1

    Thank you very much dear Pr. Richard Wolff for having inspired me via your important answer about Mr. David's question in this video. A collateral impact of your answer, I have now more clear idea on monetary inflation

  • @easternboy888
    @easternboy888 Год назад

    Thanks!

  • @Sandra-ps1lw
    @Sandra-ps1lw Год назад +1

    Love you Prof Wolff! Thank you for caring enough to share the truth about the USA diminishing dominance!

  • @marcelorocha7420
    @marcelorocha7420 Год назад +4

    Excelente trabalho!!

  • @elenadiaz6312
    @elenadiaz6312 Год назад +25

    I’m so glad to be alive now and see this tectonic shift!! Giant’s rearranging the world!

    • @beastmode8203
      @beastmode8203 Год назад

      You're actually just witnessing the beginning steps to World War 3.

    • @madameblatvatsky
      @madameblatvatsky Год назад +1

      Chaos is rearranging the world 😂

    • @dwanemarsh4378
      @dwanemarsh4378 Год назад

      Yes, and as we watch Russia fail, and China's economy barely staving off collapse (while they try desperately to cover it all up, just as they did Covid), we see the U.S. dollar declining in some areas, while not so much in others. Overall, we've seen this NUMEROUS times in the last few decades, and yet the dollar has never even been CLOSE to collapse! That's bc it has too strong a world base, no matter how much countries try to manipulate it. "Collapse" is a very misused word!

  • @governormadea5937
    @governormadea5937 Год назад +3

    I hope it happens. World needs to be more equal

  • @kathyborthwick6738
    @kathyborthwick6738 Год назад

    Thank You - New Sub & sent world wide! Vital info!

  • @veerbhadra1912
    @veerbhadra1912 Год назад

    Thank you sir

  • @cdoedayn
    @cdoedayn Год назад +6

    Thank you! This is crazy to learn about!

    • @jgalt308
      @jgalt308 Год назад

      Just imagine how crazy it will be when you really start learning stuff.
      That ain't happening here.

  • @ros3983
    @ros3983 Год назад +2

    The life of a currency is the trust and honesty that go with it

  • @jonathancampbell586
    @jonathancampbell586 Год назад

    Thank You Prof. Wollf

  • @payklay5253
    @payklay5253 Год назад

    Thanks Sir.

  • @Frank-qr2ps
    @Frank-qr2ps 8 месяцев назад +5

    *Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.*

    • @susannebullock4562
      @susannebullock4562 8 месяцев назад

      💯💯💯💯

    • @susannebullock4562
      @susannebullock4562 8 месяцев назад

      That's why I have been working with 'Gibson Rudy Expert Pro and that doesn't make me daft because in financial dealings one have to be prudent.

    • @BenLinus-cd2ym
      @BenLinus-cd2ym 8 месяцев назад +1

      يدخل معظم المتداولين في الخروج بربح سريع بنسبة 10%، وهو أمر ليس سيئًا في الرأي العام، ولكن لماذا لا نهدف إلى تحقيق أعلى، فهذا لا يعني بالضرورة أن نكون جشعين.

    • @BenLinus-cd2ym
      @BenLinus-cd2ym 8 месяцев назад

      🚀🚀🚀🚀🚀

    • @user-vz1zz2kn9j
      @user-vz1zz2kn9j 8 месяцев назад

      Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn't necessarily mean to be greedy.

  • @syedahasan5494
    @syedahasan5494 Год назад +3

    Thank you for sharing information regarding dollar. It was very informative.
    I personally believe that each country should trade in its own currency. It should value it's own currency just like their country. One country should not have dominance all over the world. It is dangerous.

  • @thabsor
    @thabsor Год назад

    thank you!

  • @josephchan770
    @josephchan770 9 месяцев назад

    Thanks

  • @domenicofoca5213
    @domenicofoca5213 Год назад +3

    Why they don't use their dollars to help the homeless and the poor beggars in the street,

  • @krejados1
    @krejados1 Год назад +52

    I expatriated myself years ago but I figured I'd have more time to engineer my money transfers. Now, thanks to recent US shenanigans, I have to figure out how to get my assets out of the US quickly without uncle sam clawing back half of what i have.

    • @ivandovranic5834
      @ivandovranic5834 Год назад +2

      Best of luck

    • @terryanderson5148
      @terryanderson5148 Год назад

      @krejados Great, get your assets plus your ass too out of US fast.

    • @pedlpower
      @pedlpower Год назад

      As empires fail they forbid moving money out. Next they forbid the people moving out. Taxation is theft!

    • @egsmusiq
      @egsmusiq Год назад +2

      You can give it to me and I’ll make it disappear.

    • @JD-gv4uz
      @JD-gv4uz Год назад

      good luck your to late

  • @wycliffenyandika9017
    @wycliffenyandika9017 Год назад

    Informative

  • @rikji
    @rikji 9 месяцев назад

    Interesting that Dr. Wolff can speak so eloquently and truthfully. everything he has said is sotruthful!

  • @sasankasekharpanigrahi7762
    @sasankasekharpanigrahi7762 Год назад +1

    A brilliant video. Learnt a lot. Thanks Sir.

  • @philiptan2051
    @philiptan2051 Год назад +17

    As always prof Wolff is correct, his explanation is clear and logical. The collapsing usa’s hegemony in terms of diplomacy, economic power and technologically is clearly evident from what is happening in the world. The process is accelerating as banks are collapsing and high tech industries are laying off personnel due to overstock of chips and declining productivity as inflation remains high and tends to increase rather than decreasing. The moment of US dollar collapsing is near and it could happen in a moment like an avalanche.

    • @krejados1
      @krejados1 Год назад +2

      Also, don't forget all the talent that requires a visa to innovate in the US. The US is making it ever harder to obtain a visa while other countries now have the infrastructure in place - and, more importantly, the money to build new technologies.

    • @philiptan2051
      @philiptan2051 Год назад

      @@MrScunna not true dude, a collapse in US dollar will not start a war between the usa and China. A war costs a lot of money and a collapse in US dollar means the usa will go bust and cannot afford to pay for the military as well as her debt.

  • @tomadams2735
    @tomadams2735 Год назад +10

    What will happen to the Euro as the dollar declines in value? Are these currencies inextricably tied, or will the value of the euro actually increase?

    • @jgalt308
      @jgalt308 Год назад +1

      What makes you think "fiat money" has any value?

    • @kevinschmidt2210
      @kevinschmidt2210 Год назад

      @@jgalt308 Please deposit all of your valueless "fiat money" into my bank account.
      Oops! Poorly programmed Ayn Rand ChatGPT AI bots do not have bank accounts, or money, fiat or otherwise.

    • @denverscott37
      @denverscott37 Год назад

      I think you already know the answer to your question, when the dollar fails, it'll be felt worldwide, and most notably, in Europe. The dollar and the Euro are nearly identical these days. Both fiat currency, which isn't backed up by anything other than whatever faith we put into them. I personally have zero faith in the current US president and his entire administration. I'm not alone I'm sure, but even more than that, we all know the president doesn't control the US, the USA is run by little men in dark suits.
      We have bankers who somehow have gained the power to declare war anywhere in the world.. unelected officials over seeing the dollar, their interests lie in expanding and retaining their immense wealth , be it us dollar or Chinese yaun.. when the US dollar collapses (absolutely happening) when that happens, these people will simply shift their allegiance to whichever system allows them to continue to grow and expand their wealth..
      They don't give a damn about people, all they see are dollar signs
      $$$

    • @letmelick
      @letmelick Год назад +4

      ​@@bruxi78230 Finally someone with common sense.

    • @kevinschmidt2210
      @kevinschmidt2210 Год назад +1

      @@bruxi78230 The US Dollar is only rising in relationship to EU countries and Japan, but falling in relationship to the Rubble and Yuan. In fact, the Rubble was the best performing currency of all modern industrialized countries last year.
      Meanwhile, non US/EU countries are beginning to use the stabilized, backed by gold, Yuan for trade, instead of the failing US Dollar. Thus, the professor is right, and you are wrong.