After Ditching the Dollar - Saudi Arabia Joins mBridge (Central Bank Digital Currency)

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After Ditching the Dollar - Saudi Arabia Joins mBridge (Central Bank Digital Currency)
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SOURCES:
www.reuters.com/technology/sa...
www.ledgerinsights.com/mbridg...
finance.yahoo.com/news/saudi-...
www.chicagofed.org/publicatio...
www.cfr.org/article/how-much-...
www.ubs.com/content/dam/asset...
www.atlanticcouncil.org/cbdct...
www.atlanticcouncil.org/blogs...
www.bis.org/innovation_hub/pr...
melodysheep.bandcamp.com/albu...
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Опубликовано:

16 июн 2024

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Комментарии : 2,7 тыс.

@unessential5108 13 дней назад

Remember when Canada froze the bank accounts of protesters 😅

@divertiti 13 дней назад

Those were foreign agent funded terrorists, of course they'd freeze accounts used to fund efforts of destabilizing the country. It's called national security.

@christaylor8337 13 дней назад

Do you think that our country could freeze crypto accounts? I do. I think that they could do it without warning, too. Have fun with those toys.

@mahnymann2652 13 дней назад

Canada is a communist nation.

@tf5pZ9H5vcAdBp 13 дней назад

@@christaylor8337 what makes you think that? there's fundamentally no way they could.

@mirkodigia4567 13 дней назад

How will this affect the gold?

@sammalik128 13 дней назад

The U.S. is a net exporter of oil. The point of Saudi Arabia moving away from the dollar has nothing to do with oil production in the U.S. but rather the devaluation of the dollar over time, which will cause further inflation in the U.S. Most mportantly, this issue speaks to the change of the global world order and the loss of influence for the U.S.

@mcclaink06 13 дней назад

Exactly

@mohamedab9033 13 дней назад

Basically the privilege the U.S has enjoyed of printing money for nothing and exporting her inflation to the world for the last 50 years, is at an end.

@baybay1234 13 дней назад

Spot on, not many people in the West is well educated on the importance of this matter. The risk of the big reset of the dollar is very real. It will happen sooner than everyone realizes.

@ronaldblackburn2483 13 дней назад

Not true since Biden took over and the leftists run your government they shut much of that down .

@SpencerSoyemi 13 дней назад

True as the US has ruined the economy of several countries, especially in Africa

@PissonZionists 9 дней назад

As a Saudi - I can say this Saudi Arabia is seeking its own interests and the Dollar is inflationary --- having a lot of dollars in our reserved will cause inflation--- - real money is resources and products --- This is why I think Saudi Arabia is looking to diversify its economical strategy ---

@xS4Ri 13 часов назад

Love the name 😂😂😂

@alessiosem2238 13 дней назад

Andrei you forget to mention that this kind of curriencies will be also programmable. In the discussion happening right now in EU for example, there has been a statement that this currency can and will be programmable and that means the governments can enable your money to buy something in a specific quantity or prevent to buy something in a specific quantity. This was speculated by Tom Mutton director of Bank of England. This is proposterous.

@sootuckchoong7077 11 дней назад

But how about those with millions of dollars in bank. How will they spend all of it?

@TheAxelinho05 11 дней назад

Oh and they can expire also, so if you don't use them in due time, they will be gone. Is all about controlling the populations.

@Doomngloom-yu6wc 8 дней назад

When I was group my Gramma used to hide her monthly pension money in a kerchief on her dress belly pocket. Guess it was tamper proof then.

@petrabridgemohan7006 6 дней назад

❤ well.explained .such diffickut cinceprs....from trinidad

@Rajveer_singh___ 13 дней назад

Should have never weaponised dollar

@kayremoob9579 13 дней назад

Yeah, that's just what demons do tho.

@AnthonyRHudson22 13 дней назад

We weaponize EVERYTHING. They either don’t know or can’t fight the bully in the room but either way it looks like the US will keep winning for the foreseeable future.

@AnthonyRHudson22 13 дней назад

What do you mean? We weaponize EVERYTHING! That’s what we do! They either don’t know or can’t fight the bully in the room. Either way, America will keep winning for the foreseeable future!

@Rajveer_singh___ 13 дней назад

@@AnthonyRHudson22 yeah then don’t act like a world police when you clear just have your own interests

@AnthonyRHudson22 13 дней назад

@@Rajveer_singh___ You act like police don’t have an agenda when they decide which crimes to pursue or not?

@robertbailey3803 13 дней назад

I teach economics in high school, and our textbooks are so dated. Thank you for sharing these important current events and making the subject interesting! I love the balloon analogy ~ my kids will see that this term!

@theylivewesleep4570 13 дней назад

Teach them about the Usery & fractional Reserve Banking

@PepeCoinMania 13 дней назад

All Economists are poor for a reason

@timokimo8206 13 дней назад

@@PepeCoinMania😅

@charleshinton8565 13 дней назад

How are the dated? Have human beings changed the way they think? Either a gold standard, silver standard or bi metalic standard …. They theories are the same. As to crypto…. Thats rather pointless since its such a vague term and has huge volitility.

@charleshinton8565 13 дней назад

@@PepeCoinMania Rotfl Please provide hard data for that assertion

@joostonline5146 13 дней назад

3:28 the difference in the new digital currency system is that every unit of account is controlable. What, where, how, when you can spend every unit of account can be managed.

@MikeandBenjieinMiamiBeac-fd2no 11 дней назад

Did you read that 1974 agreement, it is available online and it has nothing in it saying that oil will be sold in dollars.

@marcocarrillo5548 7 дней назад

These clowns mention the agreement but don’t show it. There was never an agreement were they said they would sell in usd. These RU-vidrs only hurt their own credibility.

@6lack5ushi 13 дней назад

thanks for being one of the few people talking about this

@seldonplanB-24 13 дней назад

I looked all over the BBC app for something, ANYTHING on this news and there was NOTHING in the business section (or elsewhere). I used to depend on the BBC for my news, especially since it's relatively "vanilla" compared to the other big guys, but even they've gone off the deep end lately

@evilsanta8585 13 дней назад

This guy is also fear monagaring. He didnt talk about how the Saudi state is failing to control oil and OPEC is falling apart we countries leaving and the US has better control over oil then SAUDIS

@WAyZuFaSt 13 дней назад

@@seldonplanB-24 Because it's a fake story. You aren't doing proper due diligence.

@liminal6823 13 дней назад

CDBCs are *not* cryptocurrencies and this video is disseminating a fundamental misunderstanding of cryptocurrencies and playing into the hands of states seeking to exploit this misunderstanding (including states we "like"). CDBC's are controlled by the governments that issue them and bear only a superficial resemblance to decentralized, peer-to-peer consensus networks constituting an open, neutral, censorship-resistant blockchain.

@AndreiJikh 13 дней назад

It's all in the description below, you'll find more than half a dozen articles where I cited sources, or you can just use google. A handful of publications are talking about it. I don't know how "big of a deal" this is - I'm trying to understand it all myself - but I think it's a lot bigger than people give it credit. If there's something I missed, I will happily include more credit and sources in the future (and for this video)

@Luisarrietaso123 13 дней назад

Please keep posting videos on US/China economies... Thank you sir.

@AndreiJikh 13 дней назад

I will try my best

@baykal6 13 дней назад

@@AndreiJikh The main problem with the dollar is that the United States uses it as a weapon against its own citizens, citizens of other countries or even States. The United States is just an economic pirate. The only reliable way is to use gold tokens, which is what the BRICS countries are striving for, and accumulate physical gold to provide sbd. what do you know about the new digital platform of the BRICS countries?

@davidguarin358 13 дней назад

If you want to hear 👂 a truly geopolitical professor 🧑‍🏫 and economist: Richard Wolf / he explains exactly what is going on with China 🇨🇳 and the failure of the American 🇺🇸 and the so call Democracy

@Tarkovclips-mw7ur 11 дней назад

@@AndreiJikh thank you more false information to make some money pls!

@thereaper3466 5 дней назад

As a Saudi, i can tell you we weren't surprised, and the Americans shouldn't be surprised as well since they see what their country is doing in the world especially in the Arabian and Islamic regions.

@xyqwe123 5 дней назад

Without USA Europe support Saudi can't do anything.

@arwa6975 14 часов назад

@@xyqwe123 Keep watching

@jayjaywoodland 13 дней назад

~~~===~~~ nations are sick of imported inflation again and again (because of U$$D Over-Printing), disrupting their economic growth... while us enjoy their spending spree without feeling guilty/shame for the world... in addition, nations are also de-risking their reserves from being looted/sanctioned by us. world-wide de-dollarization is inevitable and imminent, or is it?

@nolga3569 13 дней назад

the law to seize Russian assets can be turned on anyone and the saudis know they are next on the list to be plundered.

@robertgringo7199 12 дней назад

I mean you are correct but there is no difference in importing Inflation and creating Inflation yourself. The US-Dollar is based on Charts the strongest performing Currency. So Stashing into the US Dollar or keeping the local currency which is being inflated too and for which you getting no Yield is Pretty much the Same.

@jeffkukkee 13 дней назад

You have an amazing gift of explaining VERY complicated topics in a VERY simplified way.

@AndreiJikh 13 дней назад

thank you! It's because I'm not that smart, so I have to ask the most basic questions and maybe that helps in my story telling

@grandacres427 13 дней назад

@@AndreiJikh I know it helps my 50 year old brain!!!😅 thanks again for the intense amount of time you put into answering your own questions Andrei

@NicoleJurek488 11 дней назад

I agree!

@mirkostanic92 13 дней назад

Just to clarify a few of your points, mBridge is a multi-nodal system in which NO single or group of players can block anyone else. As such it is greatly beneficial to countries that aren’t willing to obey the U.S. rules based order. Arguably this makes it more decentralized compared to the current petrodollar system in which the U.S. can single-handedly decide who is gonna participate and when.

@AndreiJikh 13 дней назад

From I understand they are using certificates of some sort to do the consensus model so there is definitely some form of cryptography involved. I wanted to get into the technicals of it in the video but I thought I'd put people to sleep lol

@kongakau5058 13 дней назад

@@AndreiJikhgreat work

@eponaepona 12 дней назад

Reče sad da je centralizovan sistem..?

@mr.c5411 12 дней назад

@@AndreiJikh do it! If we're watching, we're interested. I for one love the information you share!!

@mirkostanic92 11 дней назад

@@eponaepona manje centralizovan od dolara

@user-qc9it8tb8w 12 дней назад

The title is in a valley, and the content is in another valley.

@lucysluckyday 13 дней назад

Nope. The expiration date is more for "recoverability" of lost CBDC value. BTC for example, if someone dies and takes the keys to the grave with them it's gone for good (it cannot be recovered, ever). That is an issue because it reduces the money supply, which a government cannot allow (it's just not good in that use case). But, they also cannot add backdoors (like a super user account) to recover lost funds, because that could be hacked, cracked, broken into by a foreign adversary. So the only option is to implement smart contracts which ultimately can ensure the money is never lost, but automatically comes back into circulation (eventually). That's why the expiration date was really added .. the money can be returned back to the central repository, so will never be lost from the system (e.g. due to untimely death or loss of phone access). Smart contracts were the only way to implement recoverability, but the contracts require a timer to work 100%. Anything else would simply be insecure.

@pedropetit3431 13 дней назад

I like your analogy it makes a lot of sense 🤯 but now I can see the pros and cons of your cbdc money

@andrewsackey5728 13 дней назад

Nice explanation

@noname-nu6oo 13 дней назад

So they say but i wouldn't trust the government for anything especially when it comes to this.

@jamaulwhite218 13 дней назад

i always looked at that point of view, you deeming it as a bad thing is not really. taking bitcoin as an example, yes death will cause assets to be lost. but this will increase the floor price of the asset and help in its value overtime crowing your money. eventually everyone who holds btc will die and that is a problem. but then this is why the etf inclusive of black rock etc is good for the project. giving what is thought to be majority of the coin if continues like this to financial institutions which address this problem to an extent.

@danielfreeman4765 11 дней назад

Respectfully disagree, the timer is exactly for thr purpose the video posited, I.e. put a short timer expiration such if it is monthly food stamp, it needs to get spent that month otherwise recipient is not in dire need of food which in theory is a good use case. The issue you narrated exists only with Bitcoin cuz it has a capped limited supply at 21 million plus its decentralized so can't be easily altered if at all. CBDC don't have either of these limitations as they are centralized & not limited, govt can always print more ar will. That said, govt can also impose a lifetime 99yr expiration for unmoved digital coins as evidence of dead owner lost keys. Most govt lands are 99yr lease anyway but lands are fixed and govt can't print more of that 😅

@ErinStuttle 13 дней назад

I love how you teach. It’s so clear and concise and no waffle. I might have to re-watch though to fully understand haha 😅

@AndreiJikh 13 дней назад

Thank you for the kind words :)

@Sleeplessmclean 13 дней назад

@@AndreiJikh And to think that I have a BA and an MA in Economics from McGill, but would still need to listen to this ten more times in order to fully grasp it 😂

@grandacres427 13 дней назад

@@AndreiJikh thank you for making these so NICE to follow & I LOVE the replays - because when I wait a few weeks and go back to them - I learn even MORE!🙏🏽ty

@henlohenlo689 13 дней назад

if u really wanna learn finance stuff. it's good to konw the legality of it. so. can download your state's legislatures as pdf's and file them in folders of the same folder structure on your legislatures page, then listen to them on speechify. if you know the foundations of the laws. it's easier to understand. govt codes tells about funding and govt stuff. financial codes. banking stuff is in there. irs code. tax and revenue code. corporations codes. business codes. civil codes. generally ALL the codes are useful unless it's something like vehicle code but u will still probably use that etc.

@keren7 13 дней назад

@@Sleeplessmcleanit means you were not a good student. 😅. .

@thechartista 13 дней назад

This is scary. Without a doubt the US became so rich because of the Petro$. We printed free money, then bought oil with it and fueled our economy. Other countries were also forced to buy in $, so it was extremely good for the US economy. This era is ending now, and the dollar is going to worth less and less at an accelerated pace. The US is already in a debt spiral that we cannot get out of. It's not going to end well.

@C_R_O_M________ 13 дней назад

Absolute nonsense! The US became and is rich because of its numerous innovations, technology and production. Everything you see around you has a US signature behind it in one form or another and I'm a European, living in the EU telling you that.

@ibrahimbakr7795 13 дней назад

Did you think that this system would not collapse one day? Would this exploitation continue forever?? Don't you think you'll be able to sleep comfortably while you punish the world with your own debts and other people are dying because of your printing of money?

@salmanshovon2387 13 дней назад

@@C_R_O_M________ Numerous innovations in technology and production occurred due to a strong economy, where significant spending on research is possible, and daily financial concerns are minimized. This environment also attracts intellectuals from around the world, further accelerating innovation. You are mistaking the effect for the cause without identifying the real cause that led to the effect.

@5arnavi9 13 дней назад

@@ibrahimbakr7795👏👏👏👏👏👌

@oskadavid2964 13 дней назад

DITCH THE GENO SIDE DOLLAR

@andybartow 13 дней назад

Thank you for this Andrei. Love your analysis, you have a gift for explaining things in a way that is interesting and easy to understand!

@roro4787 13 дней назад

Paper money was not first inverted in 1600s, it was first introduced in 960 AD in China (Chengdu) during Song Dynasty.

@airhabairhab 6 дней назад

That’s not modern paper money, Modern paper money started in 1600s

@rootsoftheland9040 13 дней назад

Inflation isn't going anywhere. Inflation is built into the system by default. Inflation is ubiquitous with the currency supply itself.

@kimcissell1905 13 дней назад

Depression then economic collapse

@fastng 13 дней назад

@@kimcissell1905 then war

@frankpeter9714 13 дней назад

Your right.

@BecamePneuma 13 дней назад

Yeah this is why you buy Bitcoin is ignore this nonsense

@Raven00714 13 дней назад

Silver is about to lift off $$$$$$$$$$$$$$$$$$

@kyletarrao5303 13 дней назад

CBDCs are not cryptocurrencies. The "crypto" part refers to the cryptography involved in blockchain technology. CBDCs have no desire to be decentralized and so they do not need to use blockchain technology. CBDCs just use a centralized ledger; this can be as simple as an excel spreadsheet on a single computer. The commonality that you are trying to describe is that both CBDCs and cryptocurrencies are both digital currencies. The issue isnt that it is digital, the issue is that it is centralized. Centralization leads to state sponsored debasement.

@AndreiJikh 13 дней назад

They ARE using cryptography, it's just a different consensus model. The research is in the description of the video but they are using weak/strong certificates for transaction verification (look it up). These CBDCs are ABSOLUTELY based in crypto technology - but you are correct - they are NOT decentralized so they will not be accepted by any crypto community.

@kyletarrao5303 13 дней назад

@@AndreiJikh First of all: you are my hero. I am super glad for the response. Second of all: Think about what you even mean by consensus model. Centralized currency ledgers do not need to come to consensus becuase there is just one node - the gov agency managing the currency. I think it is useful to define cryptocurrencies as any currency that uses a decentralized ledger. Using this definition, CBDCs are not cryptocurrencies, but just digital fiat currencies. I think this is a more clear way to think of things. But then again I havent studied any CBDCs in particular and I am sure there is much nuance. Also I am not so familiar with mBridge, which seems more like an attempt to make a digital exchange for CBDCs (a way to port CBDCs between countries). So I definitely need to learn more about CBDC technology. Thanks again!

@TheThinker1717 13 дней назад

The CBDCs will be managed by SWIFT the same system that moves money now.

@sirmrt2278 13 дней назад

I just don't see how a government can adopt a digital dollar without controlling how people use it.

@OMGiTzSpAnKy 13 дней назад

Lots of central banks around the world have discussed banning and the need to ban crypto currency. All these people holding these worthless digital coins are going to be in for a wake up call here soon.

@danny-xv3lw 12 дней назад

I am so glad I have it along your channel. You definitely shed a new light on an already confusing societies money transactions. I want to thank you for the way you explain it. Definitely refreshing to Listen to.

@cryptobeezy 13 дней назад

Never boring any video you do is awesome love your personality and how you make all your vids I'll deff watch anything you post!!! Keeping cooking only few can do what you've been doing

@guyhardwick7339 13 дней назад

I see people arguing here about simple insignificant caveats of this situation. Folks don’t waste your time on this he said she said BS. Spend your energy to get yourself and families ready for the reality these bastards have planned for you! When all these dollars come home there will be hell to pay.

@sophiaelayne9984 13 дней назад

Repent. Seek God. Hard impact incoming.

@wDawks 13 дней назад

@@sophiaelayne9984 Yeah you both sound less crazy. Where do I sign up?

@rodiculous9464 13 дней назад

The dollars won't "come home". Go watch George gammon. The dollars are loaned into existence which would mean they disappear out of existence when the other countries no longer use them. It is fractional reserve banking.

@bambinaforever1402 13 дней назад

😂😂😂😂yeah, Cuba approves, world is all shaking with fear. That was sarcasm. He seems like chinese propagandist

@prabhakar0076 13 дней назад

Yes fictional , ut hos does They comeback as a gift😂😂😂. They buy USA lands with those dollars or Gold. Debt is not a grant @@rodiculous9464

@nkosiemahlangu1158 13 дней назад

The petro-dollar is great for Americans, but slavery for the rest of the world as the US decided to use it as a weapon; hence many countries want a better and much fairer way to transact

@Joe-ti7qd 13 дней назад

As an American I hope we do lose reserve currency status. Then we can being exporting and manufacturing again. Let China pay for the world.

@cathompson58 13 дней назад

The dollar is a mess ... but going to a Chinese controlled CBDC sounds like the beginning of a horror story... Hotel California of the financial world

@mirkostanic92 13 дней назад

Just to clarify, mBridge is a multi-nodal system in which NO single or group of players can block anyone else. As such it is greatly beneficial for countries that aren’t willing to obey the U.S. rules based order. Arguably this makes it more decentralized compared to the current petrodollar system in which the U.S. can single-handedly decide who is gonna participate and when.

@amrabecirovic4042 13 дней назад

There will come a time when countries that are economically strong will start using their currency to pay for goods and America will be required to use their currency for goods, even if they don't want to. There is always another market, America is not the only country in the world, America is the only one that knows how to produce weapons and live off it and create wars around the world, only God knows how much America owes to China, as well as the great powers that occupied the whole world, one day they will have to pay the price

@ryanrex297 13 дней назад

Kinda hard to call it slavery when since its inception more people have been lifted out of poverty than any other 70 year period in human history. The dollar greased the wheel for the whole world to flourish. Before that it was only strong men and starvation.

@muffalopotato 13 дней назад

Andre, your making better and better videos... keep it up.

@AndreiJikh 13 дней назад

Thank you!

@TheRyanvoeller 13 дней назад

This is your best content yet. Well explained and analyzed. Thanks for sharing. Stay on this!

@zasyatkin 13 дней назад

I love the level of explanation without all of the fear mongering! This is one of my favorite channels for financial advice and updates.

@teresahunt5521 13 дней назад

America needs to drill, manufacture, and grow food. People can buy their knicknacks from China and India but the essentials for survival need to be made in America.

@vangpham2514 13 дней назад

wishful thinking

@maxlemusa3520 13 дней назад

That is American brain in the works

@Buckaroo801 13 дней назад

It’s better to deplete the resources outside first….

@kushseti8842 13 дней назад

keep talking to yourself lol. Americans do not run America. It does not matter who you vote for.

@martinchristianaguilar5135 13 дней назад

Copium at it’s Finest

@h.jumashambe6962 11 дней назад

LOUD AND CLEAR, THANKS 👊

@steveklock1977 12 дней назад

Just read a report that said there was no agreement to buy oil in USD. I get the mbridge is an issue, but it would appear there was no agreement to sell oil in petro dollars, which is surprising because I thought there was too. What is the real story?

@AndreiJikh 12 дней назад

Petro dollars are real. Regarding the agreement, from what I understand about history, there was a deal but now people are saying there wasn’t.

@PDunlo 12 дней назад

@@AndreiJikhthere was not a deal you’re just spewing nonsense

@anthonys.3314 12 дней назад

This guy is wrong everyone watch CLEAR VALUE TAX

@Typical.Anomaly 11 дней назад

@@AndreiJikh Getting your clicks though, aren't ya...

@mrclk6695 11 дней назад

Don't be naive...

@andrecastro7817 13 дней назад

Here in Bolivia the banks stopped giving out dollars and each week there new restrictions. People here have been buying and holding dollars and hardly use crypto. Something big is gonna happen

@AndreiJikh 13 дней назад

Crazy! Be the custodian of your own money if you can!

@LuizHartkopf 13 дней назад

Something big happening in Bolivia, not with the dollar. Bolivia is having problems with inflation, same thing happened with Argentina, they were limiting the amount of dollars you could buy.

@John-hh5kx 13 дней назад

Y si el dolar hunde será que el peso valoriza?

@ml-mw7ms 13 дней назад

@@John-hh5kx Nope

@ml-mw7ms 13 дней назад

Don't put all your eggs in one basket. Buy some gold and silver.

@miket.8289 13 дней назад

I love it when you post videos like that automagically.

@AndreiJikh 13 дней назад

More to come!

@miket.8289 13 дней назад

@@AndreiJikh more balloons also? 😁

@33ethereum 13 дней назад

One of my favorite videos you've made. Very well explained

@khalid_1970 13 дней назад

Eloquently explained, thank you

@ThePrinceAJShow 3 часа назад

He’s so good at explaining! 🙏🏾

@cesarsanchez9697 13 дней назад

Looks like it’s time for the US to let people know they don’t have the Saudis backs anymore. Let’s see how quickly they go back to the dollar.

@mohammedseferji5109 13 дней назад

We don't want any support any more even anything chains give everything thx

@mralchemist3976 13 дней назад

There still hv Russia

@MaxMax-hk6rm 13 дней назад

No need don’t be stupid for who u sale if they go 😂 You must protect yourself, since you do not know what is happening in the multipolar world. America is the one that destroyed itself. Some countries have always sent signals for that, but America left allies and friends, and now they will leave it. It won't be long. It will soon be that America will not be able to produce oil. It has problems with what they call climate 😁 and production companies will not accept paying a high tax. No one will work without a big salary. Oh, there are things that will be decisive

@leonelmartinez4135 13 дней назад

They have China and Russia and many more countries that went to brics, many more planing on switching too. It's kind of worrisome

@turkialmalki569 12 дней назад

The US has been useless to SA for the last 30 years. So chill buddy.

@25mL 13 дней назад

Andre you are the best.

@BruceChavers 13 дней назад

As usual another excellent presentation.

@rickyrivera148 13 дней назад

You explain these matters crystal clear. Thank you Andrei, I am an official subscriber.

@TheDeepStank 13 дней назад

Thanks for posting this.

@AndreiJikh 13 дней назад

You're welcome

@jcstang8952 13 дней назад

The expiration date is a violation. It's like the one child policy, it backfired. It's unnatural. People should decide what they do with their money. Not policies or government do gooders.

@markdelej 13 дней назад

It’s theft

@DheeraVenkatraman 13 дней назад

Just use the money to buy gold or bitcoin?

@unlimited971 13 дней назад

What? Expiration date of a deal?

@SubvertTheState 13 дней назад

Wait, when does the Government do good?

@benturaperalez9614 13 дней назад

@@unlimited971the vid said the money in the digital banks could expire meaning it would no longer exist after a certain amount of time

@blackking2740 13 дней назад

What does this mean for bitcoin

@wanghaowang5790 13 дней назад

Thanks for sharing

@jackreign67 13 дней назад

Thank you for the amazing videos as always andrie. You rock

@AndreiJikh 13 дней назад

My pleasure!

@leeo268 13 дней назад

"May you live in interesting times" - Ancient Chinese proverb to curse someone.

@tanzeelahmadhashmi6209 13 дней назад

Very well presented and interesting!

@lukedelmonte7450 12 дней назад

This is so well explained. Thanks so much

@alleneverhart4141 13 дней назад

Inflation is a way to make money expire, in a sense.

@C_R_O_M________ 13 дней назад

Very true.

@kongakau5058 13 дней назад

Truly

@MalcolmXpat 9 дней назад

not when its exported like how the US dollar is.

@C_R_O_M________ 9 дней назад

@@MalcolmXpat when a currency becomes inflationary, inflation hits it anywhere on the planet. Its purchasing power drops. I don't understand what you have in mind but that's not how it works. If the hyper-inflated currency of Zimbabwe was in my hands in Paris France or within Zimbabwe and wanted to buy a smartphone, I'd pay roughly the same amount in both cases.

@MalcolmXpat 9 дней назад

@@C_R_O_M________ yep, eventually that happens, that's what america has been doing for many years.

@spaceballs72 13 дней назад

Since your last video Andre. Oil has spiked to $80 a barrel.

@AndreiJikh 13 дней назад

That's INSANE!

@xiphoid2011 13 дней назад

$80 is nothing. You must have missed when oil were over $140. $80 is actually very good.

@johnrodgers2171 13 дней назад

$28 oil barrel in 2001. I remember a gallon of gas was 75 cents in New Jersey

@ethanchris6020 13 дней назад

@@walkaza6434 because its nonsense, do some of your own research instead of believing anything a guy on the youtube tells you.

@bassmanjr100 13 дней назад

@xiphoid2011 Less expensive energy is good. $4 / gal gas is not good. The working poor are suffering.

@Jabe1963 12 дней назад

finance made easy , easy to grasp by layman - amazing teacher u are

@gliver2549 13 дней назад

so buy more bitcoin?

@mike-ks6zr 12 дней назад

XRP

@OuttaCompliance 13 дней назад

Happening faster than most would have expected 😮

@Deatomizer 13 дней назад

Well explained.

@igorbracic1522 13 дней назад

Excellent Video. Thank you for your great work!👍

@cookingwithwade8592 3 дня назад

Thanks for the information!

@Sparta1993 13 дней назад

The knights Templar were banking long before 1600

@kathyhall668 13 дней назад

When a government person says "we won't go didgetal". You know they are go'n there.

@davidpaz3726 13 дней назад

Your cinematography was beyond anything I've seen on this channel. Im not sure how long it took you to create this video, and I'm in awe of your skills. Great work. 🎉🎉

@AndreiJikh 13 дней назад

Wow, thank you! It takes me a while to make these but I have a lot of fun

@gliver2549 13 дней назад

are you using ai to make it? saves alot of time now

@DarkClosetOfTheMind 13 дней назад

Thank you for this info, very well presented

@rjdphy3082 13 дней назад

Probably your best video ever !

@aday1637 13 дней назад

The notion that the petro-dollar allowed the United States to floourish is absurd. Prior to the petro-dollar the US was flourishing. Since the inception of the petro-dollar it has slide down hill. Prior to the petro-dollar money was sound and so were our fortunes, whatever they were. Since then, though we don't know how much or if our money will have any value. I'm 75 and remember well the days before the oil deal. Those were the good old days. Now, definitely not and not for one hell of a lot of time. Young man, your premise is skewed.

@ferozpatel8652 13 дней назад

The deal was done 75 years ago. You sure you experienced good times?. There was WW2 going on. And before that WW1. And in between, the great depression.

@jittertn 13 дней назад

It brought immense prosperity to the US, the fact that all that prosperity was horded by the very few is not the fault of the deal itself

@oldskoolmusicnostalgia 12 дней назад

You have a faulty memory it would seem...

@Wolfa-tr5sq 11 дней назад

@@ferozpatel8652 that's incorrect. The deal was done in 1974 and was valid for 50 years.1974 Agreement: In 1974, US Secretary of State Henry Kissinger facilitated an agreement between the US and Saudi Arabia. Under this agreement, Saudi Arabia agreed to price all its oil sales exclusively in US dollars. In return, the US provided military protection and economic incentives to Saudi Arabia.

@ferozpatel8652 10 дней назад

@@Wolfa-tr5sq oOps 😬. I was just repeating what I read in another comment about the 75 years. Anyhou, I haven't been around long enough to compare the two eras. What I do know is that both parties have benefited tremendously. The US, more so. Perhaps the common man, not so much. Also it seems the US got high and went on a power trip. Greed tsk

@grandacres427 13 дней назад

BEST darn Finance Educator on YT 🥰thanks Andrei

@AndreiJikh 13 дней назад

Wow, thank you!

@geralddraves1266 13 дней назад

@jeannybleier4060 12 дней назад

Subscribed! I like how you explain things in a simplier version. Love watching your videos! Very informative

@abumeethakyemen2639 13 дней назад

Beginning of the end every empire has its days thats the result when the dollar is used as a weapon

@coolzorex 13 дней назад

It might take more then a decade to see dollar value going down in global market

@AndreiJikh 13 дней назад

I think it will be a slow burn but it seems like every week there's SOMETHING that speeds it up just a little more

@C_R_O_M________ 13 дней назад

@@AndreiJikh Economies that could challenge the USD are non-existent. Only China has that power but with their moronic central planning, they are extremely inefficient in allocating capital. When their dirt-cheap labor eventually runs out, the superior capital allocation of the US economy will strengthen the USD again. Watch and learn. It's all about capital allocation and (neo) Keynesian economics are terrible at that.

@amisadaivaiphei4027 13 дней назад

Man, I love your flow of explanation

@Jmhfl7 13 дней назад

Andrei thank you for such an amazing explanation ❤

@omarhatem2258 13 дней назад

We need a multipolar world

@Joe-ti7qd 13 дней назад

Been there done that. Wasn't that great either.

@indigowhatever2005 13 дней назад

Why on Gods green earth do we NEED division????

@deedledeedle8790 13 дней назад

Sounds like someone needs some democracy

@dirkwalker9686 13 дней назад

We need a unified world. Believe it or not division and polarization makes us EASIER to control.

@fifty2eighty248 13 дней назад

@@indigowhatever2005why on gods earth are they dissolving cultures and borders

@GavinGMoney 13 дней назад

The US needs to start drilling its own oil and not rely on Saudi Arabia. Then it would not matter what Saudi Arabia does.

@GUNNER67akaKelt 13 дней назад

They're playing the long game. Use everybody else's oil until you're the only one left with oil.

@jamesa8225 13 дней назад

I thought the US was moving away from oil

@Number3boyz 13 дней назад

We drill are own oil, Saudi just drills oil for most of the world to use the dollar. Well not anymore.

@ashfield1425 13 дней назад

@@GUNNER67akaKeltI believe that you are giving America too much credit. There is no long term thinking at all. All you need to do is look at their track record to see that.

@zachbeall6810 13 дней назад

It would still matter

@teru797 13 дней назад

start buying gold and bitcoin

@GregHathorn 13 дней назад

Several blocks removed from the Jenga stack on this mBridge move. Incredibly fascinating to follow. Thanks!

@AndreiJikh 13 дней назад

Very welcome!

@ericp1139 13 дней назад

Mankind needs a multipolar world.

@Joe-ti7qd 13 дней назад

We've had that plenty. Wasn't awesome either. Ever read a history book of any kind?

@goaway1857 13 дней назад

@@Joe-ti7qd Still better than American hegemony over the world, and yes, I read plenty of history books and otherwise , Mr. Ignoramus!

@mykegoh 13 дней назад

Existed when till when? And currently who wants a uni polar one and will do anything to maintain it? @@Joe-ti7qd

@dirkwalker9686 13 дней назад

Multipolar just leads to war. The world should strive for as much unity as possible.

@HiggsBoson2149 13 дней назад

@@dirkwalker9686Could be. But uni polar has not stopped wars either. It's been one war after another for USSA since 1945.

@ninju904 13 дней назад

Is cbdc a treath to btc?

@lamatabtan10 13 дней назад

Great content keep up.

@OmarExplains 13 дней назад

Can you explain slower?

@Jfjjrjjrjr 12 дней назад

He did just put the language to terrorists

@joeljohn2238 3 дня назад

You can slow down the video

@Belmar_my_religion 13 дней назад

Is the mBridge an inter-bank platform or will it rollout to corporations then the masses?

@AndreiJikh 13 дней назад

Interbank from what I understand

@Producable 13 дней назад

@@AndreiJikh is that the Peru mob?

@0dbm 13 дней назад

Absolutely beautiful video , thank you Love your style 🤙

@eyoelsz 13 дней назад

I think this is one of your best videos to date. Good work!

@stevecash5074 13 дней назад

Now you know why bitcoin became a hot commodity with the big boys

@thepunish3r735 13 дней назад

So a centralized currency rolled out by a dictatorship that has full control over its citizens is exactly the same as bitcoin

@shawnstewart9025 13 дней назад

What nightmares may come...

@1stoptech 13 дней назад

Of being an equal world citizen...

@deedledeedle8790 13 дней назад

@@1stoptechequal only exists on paper

@mena88 13 дней назад

@@1stoptechit’ll just accelerate and strengthen totalitarian governments. Governments seem to inevitably move in that direction overtime and ultimately collapse. CBCDs like this if Andrei accurately described it catalyzes this processes.

@Mike_Hawk_Inu 13 дней назад

@@1stoptechIf you haven’t built anything and contributed why do we deserve to be equal? Nations that built everything have to get punished for doing so because others can’t keep up?

@1stoptech 13 дней назад

@@Mike_Hawk_Inu Depends on if they owe Karma from colonization tactics. You know, Stealing , Killing, Taking Other human beings land ?

@MrGeorgklaus 9 дней назад

Amazing report, Thank you, very logic

@cazeb 13 дней назад

@AndreiJikh thoughts on kaspa. It's the alternative currency.

@MELOSINCE87 13 дней назад

I think you have found your niche🎉

@AndreiJikh 13 дней назад

I love making these kinds of videos, they're more about history and I love history and money together

@discreplayboss 13 дней назад

@@AndreiJikh 100%, I've been reading a great boo by Andrew Robert, A History of the English Speaking Peoples 1900-, it's really good.

@SkyNhett 13 дней назад

My prediction: the US will establish its own CBDC, and there will be gateways to allow transactions between other digital currencies, albeit for a small fee, of course

@AndreiJikh 13 дней назад

I actually talk about CBDC and the US...very interesting relationship

@nsm1091 13 дней назад

wonderful info ,

@GhostFlashDrew 13 дней назад

great video, very interesting. I think it is great that there will be another way to send money around the world & for it to be 24/7. Competition is always good & keeps the Fed on there toes.

@ernestkj 13 дней назад

The semiconductor chips are the new darlings for the USD and will not hesitate going to war for it. Sounds familiar? It was the yeateryears petrol which US is exporting a lot at the moment.

@prasadpatil1160 13 дней назад

China is already ahead in those.

@roro4787 13 дней назад

@prasadpatil1160 not yet but probably soon they will

@ernestkj 13 дней назад

@@prasadpatil1160 not even close

@prasadpatil1160 13 дней назад

@@ernestkj You must be living under a stone if you think that

@ernestkj 13 дней назад

@@prasadpatil1160 don't be silly. I read and spoke prefect Chinese.. and have lived few years in China as well. Your news are very distorted

@jackofa11traits29 13 дней назад

All into btc. Now or never.

@gunterweihe1166 13 дней назад

Buy XRP

@joeyhoy1995 11 дней назад

This isn't just an economic issue, we've been watching the fall of the American empire.

@khaledali4104 13 дней назад

Thank you Andre

@rodneyjenkins6931 13 дней назад

Starting to think you are the "new" Michael Moore.

@AndreiJikh 13 дней назад

I remember that guy! What happened to him?

@deedledeedle8790 13 дней назад

He gained even more weight and got even more annoying. No one thought either were possible. The science is still catching up. You are wayyy better than ol Michael Moore, YOU, are capi-tan Andre.

@nathanielalaburgDelhi 13 дней назад

Nothing a war cant fix lol

@AndreiJikh 13 дней назад

I hope not :\

@nathanielalaburgDelhi 13 дней назад

@@AndreiJikh no one in their right mind would want a world in which china is the leader and sole superpower literally no one Example is china has the most manipulated currency in human history, image if they had more control.... no thanks

@JamarRosales 13 дней назад

You mean they may need some freedom in their lives 😂

@nyquil762 13 дней назад

😂

@MoneyballTV 13 дней назад

With escalations on several fronts, other solutions seem less likely

@bellmattwebb 13 дней назад

Hey Andre! Thanks for the great info. Hope you're getting paid man. There were EIGHT ads in the 20 minute video just so you know. Have a great day.

@oscarmarroquin4374 13 дней назад

the problem with this is its not DECENTRALIZED.

@Joe-ti7qd 13 дней назад

It's gonna be HORRID

@edwinvargas7969 13 дней назад

Its going to take a bit for everyone to realIze, but the only true and reliable decentralization will be multipolarity

@jayceontalylor4244 13 дней назад

bro its not crypto-currency, its a new monetary way for countries and banks, not individuals for god sake, of course its centralized, if saudi will pay China for example of course they need centralization

@samvega365 13 дней назад

So is XRP a security according to your calculations or not ?

@citizencain2383 13 дней назад

You should know by now it’s not. All I’ll say is if you know what’s going on then you know 😉

@SAL-fs1mr 13 дней назад

Doesn't matter. XRP is completely irrelevant.

@ryanrex297 13 дней назад

@@citizencain2383how do you even buy it? Most exchanges won’t sell it.

@CBDJ7 13 дней назад

Is mbridge using XDC?

@w00dyalien 12 дней назад

Great coverage

@HWQFish 13 дней назад

Welp time to buy gold and wait

@blackreacher 13 дней назад

Who you gonna sell to? Probably gonna right you a check, or maybe wanna pay you with crypto

@Joe-ti7qd 13 дней назад

I been buying metals for a long time expecting all of this. It's done well too

@PieceOfMyMind. 13 дней назад

So . . . which will pop first . . . the United States balloon or the China balloon?

@AndreiJikh 13 дней назад

My crystal ball is unfortunately broken

@in4ser 13 дней назад

Which is more valuable? Fiat paper and speculative assets or physical commodities and productive capacity? The financial economy is not reflective of the real economy and value can be destroyed.