Why Dollar Is A Global Currency?
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- Опубликовано: 26 сен 2024
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The US Dollar's status as the primary international currency stems from a combination of historical strength after World War II, the Bretton Woods Agreement, and the United States' pivotal role in global trade and finance. Its widespread use in international transactions, deep financial markets, and the perception of stability further solidify its dominance, alongside the political and military influence of the United States, making it the preferred reserve currency and a common medium of exchange globally.
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Reference: docs.google.co...
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About the Channel:
Nitish Rajput firmly believes that there are adequate tools available online, and people can be brought together, informed, and educated collectively.
Social media and the Internet have the power to create any narrative but this channel will use the same to curate a healthy, informative narrative that can genuinely benefit people in forming an opinion that is backed by facts and uncompromised information without any bias. Nitish Rajput wants to empower and facilitate people to challenge atrocities and become more vocal about issues plaguing Indian society.
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"Aapki maa ki umar kitna hoin chahiye?
"Igoer : 😶 years"
"1Subscribe : 100 years:....
Please sir make a video on Partition of India
Next AI pros and cons.
Love you bhai sach me❤
I can't even imagine how long it's take to collect all data and knowledge and deliver in one video, you deserve hat's off.. Keep it bro
Bhai book padho sb milta he just telling story from book . But I appreciate his way of story telling not collecting data and blah blah ...
I was thinking the same, he must be having an army behind this, not humanly possible to collect this kind of info on varied topics unless someone has superpower 😂
That's what kaun sa book aap, if you going to find out the reference book may be u lost ur 30 min and all information I mean enough information about topic has been he delivered
@@KUSHAGRA2807singh😂 appreciate nhi kr skta Bhai shnt reh ek din m to bni nhi hogi video kch to study ki hogi tum krlo agrr itna esy h to ye Jo Gyan dete ho na ghr walon ko Dena jb wo kch acha kre to keh dena ye to m kr deta ese Hi tb dekhna
@@Selection__Waalla well said
This is better than watching a movie..full goosebumps you give nitish...hats off. Thank you for bringing change.
Yeah , informative videos r always good to watch
I agree
Same feeling 🎉🎉
Goosebumps?? This is informative video without any stunt or aggressive speech etc how can anyone get goosebumps from this video
@@chandreshmehta7 in climax they use bgm to leave u with an impactful vibe. If u r watching it casually u wont feel anything but if u look forward to a change u must definitely feel.
@@chandreshmehta7wohi toh 😂😂
Maturity is when you realise that we need this type of educators in our education sector.🔥😍
No one is mature enough then
Maturity is when you stop using Xavier I'd.
😁😁😁
Bhai Shabh Ajkal School Toh Outdated Padhate Hain Koii Nya Hain Bass Syllubus Conplete Karte Hain 😢😢😢😢😢😢😢
This is allready including 😂 in micro and macro economics 👍🏻
Not like dhruv
This is very detailed. Explains everything, Trade, Barter, Currency, Oil, Dominance of USD, SWIFT, Sanctions.
Well done @NitishRajput and team.
This is why we say us economy can't grow without war
It's not true see china, they are growing far better then us without war
Right
😮😮❤
It was epic when Jayshankar said that European problem is world problem and other countries problems their own problems.
Bilkoul Sahi 👍
That easy for Jayshankar to say when he doesn't have a dog in the fight. But now that Indian warships are patrolling the Red Sea. Indian commercial ships have been attacked by Iran. Now you do have a dog in the fight and it not easy just back down and look like a coward.
Just remember when the Houthi attack you and sing song that you are a coward we will see if you can just walk away Indian.
@@mandarinandthetenrings2201they are fighting now
Indian Navy is engaging a lot in the Arabian sea it's kinda good but we should have ended this thing on talks only
But that comment from jai shankar sir was really not right it's the right policy but you should not express it globally it deteriorates the image of the country
It's the same as the USA in Yugoslavia case
No one beat nitish rajput as truth 😊😊❤❤
🙏🏼
@@RAJP.Sahi to h??
@@RAJP. what is wrong focus the area
I completely agree
Hey Delhi Wali, you are right
It was a topic in economics of class 12th and I never understood this gold standard system and why dollar was used as international currency but thanks to nitish sir now I have understood this really well
History of Vladimir Putin ruclips.net/video/qoWIJIEA67U/видео.html
same was the case with me..
Today i find out how America is called a superpower
Thanks for informing us in simple explanations ❤❤❤❤❤
We definitely need a BRICS currency; the US monopoly needs to come to an end. The US is no one's friend
Agreed, weaponising dollar is very malicious. The world needs to slowly come out of usa sphere of influence.
no doubt
US holds around 8K tons of gold reserves. Today's currency is backed by gold. Even if we combine the gold reserves of BRICS nations, it comes around 5K tons. A new currency won't help if it is backed by gold. They need something else to back it. Probably Bitcoin but crypto has its own demerits.
@ashishpatil 'bhava' indian women holds more gold than us fed reserve
@@rohitpatil2706 doesn't count if it's not in the reserve 🤣🤣🤣
If i had teachers who would have explained me things like this i would have become an IAS officer 😂❤
Itna acha economics knowledge unko bhi nhi hota, Indian Economics Service officers ko hota hai IAS ko nhi
You didn't know Mrunal sir ?
actuall me kya ho app
mmmmmmm😊m
Haan sach baat hain.... I A S banjaata aur fir dhersaara corruption karne lagjaata.
Tu aise hi theek hai. Bheek maang ke bhi tu down to earth hai na. Bass. 👌👌👌
9:00 the way he converted the discussion to promotion was too good
Nitish rajput for a reason 😂
Ha Dhruv, Mohak mangal bhi aise hi sharply promotion kar dete hai.
Btw it's not wrong. Jisko lena hai wo le lega product
Hmm, it's just like how you swiftly introduced the name of Dhruv for his promotion
I think this is one of your best video. Every finance student has to watch this video. Love from Bangladesh.
Key Points of Video with Summary 😊
00:01 US dollar as global currency impacts geopolitics significantly.
02:00 Gold and silver were used for trading to overcome the perishable nature of goods.
05:45 The international trade system was based on paper currency reflecting gold reserves.
07:32 US Dollar became international currency due to World War I and economic strategies.
11:35 In 1944, the US proposed using US dollars as the global currency backed by gold.
13:35 US Dollar is used as international currency due to its advantages
17:19 US Dollar became the international currency for oil trade due to security and economic agreements with Saudi Arabia.
18:56 US dollar used as international currency due to gold standard and stability in gold market.
22:25 The global trade dominance and influence of the US dollar after the Nixon Shock.
23:57 The US used its power to maintain the US Dollar as the primary currency for oil trade.
27:50 US dollar's control is a weaponized geopolitical advantage.
29:46 US Dollar's impact on international trade and sanctions
32:59 BRICS currency emerging as an alternative to US dollar
Itna time waste karke kya Mila Bhai??
Bc alg e log h😂😂@@abhisekkar99
@@abhisekkar99😂😂😂
Kaash aapne apna keemti waqt padhayi mein lagaya hota toh, kam se kam aaj kisi bade neta ka chaprasi promoted PA toh bann sakta tha.
😏😏😏
Time waste nahi hua knowledge badhi hai..
I have got all the doubts clear during my college days only after watching this video!! Wonderful explanation!! Hats off to you!!😊
Glad to hear that
maine bht videos dekhi but jese apne History se le k current era main kia chal raha tak details main smajaya hai it's just awesome
History, Science, Sports, Religion, Politics, Movies, Business Whatever the topic is Nitish Rajput
Explains it in a simple manner...Keep it up sir ❤
And he presents the truth in front of you, he is unbiased, I strongly believe this what we suppose to expect from the media
Mindblowingly you have explained in a simple way how US has become so powerful and dangerous in the world!! Also how other countries are struggling directly or indirectly and what solutions they are trying to come up with. Hats off!! I always directly or indirectly wanted to know about US becoming so powerful and here drops a video about that. Thanks a lot to Nitish bhai and team!! Keep it up!!
I hope Brics gets successful
Current I am in 12th from commerce stream.... Just few weeks ago we read a chapter named Foreign Exchange in Economics... We got to know about Bretton Woods Standard and the Gold Standard..... But after watching your video this concept is crystal clear to me 😊all thanks to u i could connect to such an extent... Being a commerce student, i got benefit to relate with the videos that u make on finance and Geopolitics... Thank u for always updating us😇keep it up the good work!!
Very good information . USA the great gambler
As a Nepalese, I feel good that you symbolize us when giving example and use our map in the animation. Thank You !!
tumlogo ka sirf Nomok ka hee komi hein.. baki sov hein
Kya ajj Mere 10 suscrbers honge yea nhi😢😢😢😢😢😢
Why nepali hate india
Its all politician propagandas and nothing else. Everyone knows that India is good friend and china is evil@@tauhidshaikh4304
china ne propaganda failaya hai wahaan isliye
WE ARE PROUD THAT WE HAVE JOURNALIST LIKE YOU❤
"Aapki maa ki umar kitna hoin chahiye?
"Igoer : 😶 years"
"1Subscribe : 100 years:....
he is not a generalist but an excellent researcher and documentarian.
Journalist hota hai
Anjana om kashyap and sudhir chaudhary are better then him and honest too
For all the people in the world to live happily, there must be an alternative to everything.
Exactly
To bring change need to study and invent new technologies, in SWIFT Network and Weapons Manufacturing round 1000+ innovation patents are involved, most patents owned by Jewish scientists..
@@shajiljohn yup they rule the world
By deceiving everyone else
@@_Dope_ wouldn't call it deceiving, they invent technologies that make our lives easier and then make sure we cant live without it..
I HOPE THAT BRICS WILL BE SUCCESSFUL.
The way you explained the overview of economic in-depth but also keeping it simple enough to understand is just simply awesome pure gold level content.
I thought I knew all the things you are talking about but the way u started from barter system and then progressing towards petro dollar by connecting all the scattered dots of information I knew before is just awesome. I learned a lot from this video.
Keep up the good work man.....
Thank you bhai
#stopvivekbindra
*"If you ever feel useless, just remember the USA took 4 Presidents, thousands of lives, trillions of dollars, and 20 years to replace the Taliban with the Taliban!"* 😂😂😂
ruclips.net/user/shorts6pvU6dzvhWs?si=gJFmDGRaTi4xqQnG
I don't think their plan was to take control of the country they just wanted to destroy it ..same with Iraq,Libya and Syria
*GOLD*
This video is very helpful nd informative for class 12 alsoo😊😊.. Thank you!!
Thanks and welcome
Hlo❤
@@vikrambanna7434 😊
Hey meri jaan 😅😅😅😅
Wowwww kya smjhaya h.... Salute h 💀🙏🏻
The way of story telling by Nitish Bhai is so comprehensive and understanding..... that's why all the audience appreciate his research...... Goosebumps to Nitish Bhai ❤❤❤
Thank you so much🙏🏼
Respect is increasing day by day for unknown person 🇮🇳❤️
👍👍👍
"Aapki maa ki umar kitna hoin chahiye?
"Igoer : 😶 years"
"1Subscribe : 100 years:....
1@@rajorshitapas1623😢mi9l
This is such an informative video and shows the people that how US govt misused the situations to make the dollar dominant. Its a good step by BRICS nation that we are now going to trade in local currency. Hope this is a success in the coming future.. thank you NR and team for such an amazing video!👌👍
Lekin bhai manana padega usa ko pure duniya ko control kar raha hai 😂😂🤣🤣🤣🤣
yeah control karha ha lakin kisi dash ko miss use kkarna bohot galat baat ha like sanction spouse agar russia say india oil na leee india me oil ka pricess 1200 inr litre hojye ga ye baat usa ko pata ha is leye local trade better ha boss@@joebiden1606
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@@joebiden1606 it's a sad reality but one day it will change for sure. That day will come soon and it's not very far.. joebiden username rakh ke cool nahi lagoge
@@damodarbandodkar899 22222
Very informative. Thank You!
This man deserves more than 1 crore subscribers 😊
🙏🏼
entire india should be subscriber of him so that quality information can be consumed by all bharatwasi. 🙏🏻
Completely Agree :)
व्यक्ति पूजा हमारे खून में है
@@vinay11163 Pakistani also:)
I always thought it would be boring after watching the thumbnail of your video but when I play the video and watch it for 2-3 minutes I start enjoying it because you explain things so well and there is something new to learn. I have received it, thanks,,, Nitish bhaiya.❤️
Glad you enjoy it!
As always your video are delivered with the best quality, your work is simply amazing👍
Salute to your research
Hats off to you Nitish for explaining such a complicated topic with great ease. I really got the history, background and variables about Petro dollar, de dollarization and nixon shock clearly. You have very clear mind and great technique to teach real geo politics through economics. Cant thank enough to you for being there on RUclips.
#STOPVIVEKBINDRASCAM
Great achievement is usually born of great sacrifice, and is never the result of selfishness. ❤😊🎉
🙏🏼
@@NitishRajput ❣️
@@NitishRajput sir only one question aap information laate kha se ho kiuki ye channel sabse hat ke h yha information jo milti h vo kisi aur channel mein nhi milti h vo bhi itni achhi tarah se explanation.
Love your videos ❤❤
@@NitishRajputBitcoin is performing good 💎🔥🔥
We should change the education system
Ye sb padana chiye ab
Only educated people support Nitish Rajpute 😊❤️
Ye same comment Dhruv ki video me bhi hota hai
Rational thinker.
Better fallow Ankit shah if you want in depth knowledge , how global currency influence the wold. May be after that apne aap ko educate kahe na band kar do ge .
You doesn't seems educated enough to write Nitish's bane😂
A man who cannot spell Rajput while watching his video is asking for educated people to watch the video. What a joker
19:45 Wait isn’t it the opposite? If I am getting 28g gold for 1dollar from US then if I sell that 28g gold in other country for 1dollar per 40gm gold then I’ll get less than a dollar in return? I am confused can someone explain this to me
Nitish bhai sach me itna Mushkil topic itni aasaan language aur best example se samjha dete hai, thank you so much bhaiya ❤😊 I love your content 😊
Thanks 🙏🏼❤️
You just gained a subscriber, my friend....what an amazing explanation. The amount of effort that went into putting this together is inparallel
इतना ज्ञान आप लाते कहां से हो , बहुत सुंदर शब्दावली हैं आपकी
Very informative video . Thanks 🙏
The currency rates are decided according to trade if you see the trade balance between USA and India, India exports more to USA but due to USD being global currency the rupees against USD in falling, The best best way countries has identified is the BRICKS this is a hope of ray where the world can be seen equally
ruclips.net/user/shorts6pvU6dzvhWs?si=gJFmDGRaTi4xqQnG
😂USA ready to out senction on India watch mine word
I'm a pcm student but still watches your videos because you're explaining very unique and i appreciate your work
Only this man provides a true knowledge with correct research and information 🎉❤
Great work nitish bhaai, explained with every detail nd covering the nitwit of the topic thoroughly. Took huge amount of effort, really thankful for the piece of knowledge you provided
जीवन में संघर्ष जितना कठिन होगा सफलता उतनी ही ऊंची और शानदार होगी।❤️🇮🇳❤️
Sach mein kya 😅😂
@@Subha_Prakash_Nayakजी
Right
@@NaayraMehta thanks ji ✍️🙏
@@MadhuMillions 🙏
One of the reasons why the US dollar is used internationally is because unlike other currencies such as the Rupee, it is fully convertible in international transactions.
What makes a currency like the US dollar fully convertible is that its based on something finite such as petroleum as opposed to fiat (or whatever the government decrees the value.) This method makes it more difficult for a government to control its own currency's value yet it does great wonders for developed nations like the US and is very reliable for international trade.
US dollar isn't backed by any physical asset. Its just a paper stamped with "Trust me bro", just like any other currency.
But I heard that USD is also a fiat currency since the 1970s ?
#STOPVIVEKBINDRASCAM
Nitesh is a full package dhamaka🔥❤️
"Aapki maa ki umar kitna hoin chahiye?
"Igoer : 😶 years"
"1Subscribe : 100 years:....
@@Rwasscexam07ter kitne baap
1 spam = Infinity 😂😂😂
Superb, bahut ache se samjaya bhai ❤
Namaste 🙏 ❤❤❤ From Bangladesh 🇧🇩 Nitish Rajput. No biasness just pure facts.
Jai Hind 🇮🇳.
From Bangladesh But Jai Hind???
Kuch To Gadbad Hai Mamu Tum Pakka Spammer Prajati Ke Bansaj ho😑😑🤦🤦🤣🤣🤣🤣🤣
@@ananyasain1241 Mein Hindu hu isiliye hi bola.. Muslim to Gazwa Hind ka sapna dekhte he 😂
After Dhruv Rathi,
Nitesh sir is one who gives knowledge in easy way. My wish is to grow your channel to 1 crore subscribers soon.🙏
Yupp!! 😊
Unlike of dhruv rathi he is not politically motivated 😂😂
He is so much better than rather in terms of in-depth analysis of a topic. Dhruv is so much blinded by his political alignment- you will often see him manifesting statements based on his prejudice which is seriously dangerous for the youth who watch his videos to understand vicinity
We can miss our school and college lecture but we can't miss Nitish Rajput videos. Agree ? 💯👍
I won’t. Adopt self learning
"Aapki maa ki umar kitna hoin chahiye?
"Igoer : 😶 years"
"1Subscribe : 100 years:....
Nice detailed information❤
Wonderful explanation by Nitish bhaiya ❤❤
Thanks 🙏🏼
Went to the references page from the video description page. Got scared. Huge respect to NR and whole team. So much research summarised in such an organised way. My #1 youtube channel now. ❤
Nitesh bhai ka content hamesha lajwab hota hai.❤❤🎉🎉
Excellent explanation
Hats off to you NR for producing such a deeply researched connect 🫡Keep shining out 🔥
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Very well explained. Thanks for the video.
The love and support we give is what you deserve.. you parents and truly very proud to have you there son 🎉 never give mp
amazing video as usual!!
well articulated. but still my brain hearts. so much convoluted.
Appreciate you for great research
Thanks 🙏🏼
Broooo.... Suchet wow
Please upload more frequent and more current and history topics.
I think he is the only giant youtuber who does his own research, cross check all of the facts and well informed about the information before posting it on internet unlike others who watch others RUclips videos and believe whatever they say and post it online 😊
ruclips.net/user/shorts6pvU6dzvhWs?si=gJFmDGRaTi4xqQnG
Great job sir thanks
So! Finally I've understand the whole concept of *Why US Dollar is used as International currency?* Thanks for the Video Nitish.
ruclips.net/user/shorts6pvU6dzvhWs?si=gJFmDGRaTi4xqQnG
Great job Nitish 👏 Amazing and knowledge full information. Hats off to you and your team for collecting the data n cover in just 1 video🎉. Commendable efforts 👌
Yeah , the people should be told the geopolitical dynamics and the economic consequences of those perspectives, the more the people learn about better thing the better it would be for the society
किस्मत वालों का तो पता नहीं मगर मेहनत करने वालों को जिंदगी नया मौका जरूर देती है😢💙❣️❣️💯💯🔥
Mahraj ek video textile outfit par banao..
1. Zara Gucci ya branded kapde itna costly kyo hote hai
2. Actual rate kya hona chahiye
3. Itna pakka colour kaise Chadha dete he koi febric me
4 kyo fekte hai kapde chile desert me or kitna achha outfit ko bhi fek dete hai
Or bhi information.
Ye comment me dhruv ko bhi kar sakta tha😜
Brilliant, detailed, must watch and super easily understandable content and explanation. Thank you so much, Nitish!
Glad you liked it🙏🏼❤️
#stopvivekbindra
नीतीश राजपूत जी! आपसे यह रिक्वेस्ट है कि एक केस स्टडी *राजीव दीक्षित जी* पर भी बनाएं।
Ha Bhai! Nitish ji ko ek video jarur banni chahiye ❤
Wow
I have no words because incredible knowledge for publicaly❤❤❤
This man awesome
Love you Nitish rajput ❤
Thank you nitish for covering this topic. It's a very interesting and imperative topic to understand. I have tried to understand "why US Dollar dominates" many times with the help of other RUclips videos, but i couldn't. However, after watching your video, I could understand Dollar domination clearly.
Thank you again for the video. Keep going forward with your great work.
Regards,
Kiran
True
I also agree
You are really a good creator😊
One of the best video 👌
Nitish rajput, considering your focus on societal trends, a video on Rajiv Dixit could shed light on how his ideas influenced social perspectives in India. Worth exploring, don't you think?
Why not! Most humbly request from your fan sir, Research at least one video on *Rajiv Bhai Dixit* .
Most netural person in RUclips community
Natural or neutral?
@@abdurrahmankhan4900😂
You have opened my eyes regarding dollar,i thought,its just only a currency but don’t know about it’s importance,politics background,history.
Thank you for such a valuable content
ruclips.net/user/shorts6pvU6dzvhWs?si=gJFmDGRaTi4xqQnG
Excellent 👍👍👍👍👍
Love❤❤ for Nitish Rajput.
Stop Dr. Vivek Bindra..
We stand With Sandeep Sir.
A Man of Inspiration for every Indian ❤❤❤
Not just the economy there are many more factors responsible for dominance of US dollar in international trade you have just explained one part, one side of the story
Huge research and great way of explaining ❤
Your vedios should be recommended to use in schools and universities as you make the things understanding in respect to practical world scenario. I have studied all this in schools and colleges but like a theory but relatable to present situations.
Thanks you Nitish keep up the good work
I watched many videos trying to understand the dollar dominance. But no other video (irrespective of language) explained it with such clarity. 👍
Nitish bhaiya is great 😊👍....
Before that i can't understand why US dollar 💵 is unique currency for import and export but now i able to teach anyone who want 😅❤❤
Taqq so much broo 😊🙏🙏
ruclips.net/user/shorts6pvU6dzvhWs?si=gJFmDGRaTi4xqQnG
very good information sir thank you
Finally having smthing which i was waiting for ...In actual ..your video ,your content and your impartiality in RUclips is like Diamond in the rough brother💎🤍...Just Hats off to You Bhaiya🙌💙
Thank you so much🙏🏼🙏🏼
Love and Respect for you brother ❤
You never disappoint us by your videos ❤
"Aapki maa ki umar kitna hoin chahiye?
"Igoer : 😶 years"
"1Subscribe : 100 years:....
Thank you so much 🙏🏼❤️
#stopvivekbindra
Thanks for the excellent content Nitish. We need more edicationist like you in India and around the world. Spot on with facts and professional graphics and clarity of thoughts.
Very knowledgeable explanation sir 🙏🏻
The more difficult the struggle in life, the higher and more glorious will be the success❤🇮🇳❤️
"Aapki maa ki umar kitna hoin chahiye?
"Igoer : 😶 years"
"1Subscribe : 100 years:....
Right
This is something called journalism 😊😊
Pure and unbiased content
Respect for nitish sir 🥰🥰
❤️🙏🏼