your whole channel is so cringe. China's military is a paper dragon. China is incapable of inventing anything, all China does is steal military technology from America, Russia, and Western Europe, then tries to reverse engineer it, but they usually fail miserably. Also, China's economy is weak af, the GDP per capita in China is pathetic.
Since WW2 the new owners of the US have been dictating every move the US, NATO, Britain, now, UK, EU 50 + countries make borrowing from the owners bank IMF billions' USD,to finance and arm 100 plus wars, coups/civil and proxy all over the world! They fund CIA, MI6, MOSSAD on the planet starting wars! This time they failed, the billions borrowed for Ukraine, with their economy destroyed their taxpayers won't be able to repay the interest in a century! Well done!
I find it sadly amusing. The US feels that sovereign countries have the right to join NATO, but do not have the right to choose what economic system the prefer to use.
It's just history repeating itself same policy as the British empire. At least the power and theft is out in the open for those people who have their eyes open. Unfortunately only genuine hardship in the west will bring the change needed.
@@michaelwills1926in this version, once in the corner, the snake, scared of its tail, devours itself, leaving behind some fertilizer for seeds to grow.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Agree. I had a 'pen pal' (it was emails) friend in St Petersburg. We chat for a few years. He's 20 now, and I haven't heard from him since this war. I don't know what happened or where he is. I write, but I never hear back. If something happened to him, I'd be so very sad. His name is Aleksey.
the eu is just going through a rough period but will reboud and everything will be good again. infact the whole world is going to be fine. once things get too shitty to imagine they can only get better because theres nowhere else to go
@@JayJay-ky6dd We're talking about the USA, and YES, more of the world is definitely laughing at them than at Russia! (And have been for the past few years!😂)
I like Trump but he is full of 💩. He will be doing the same exact thing if he is in office. We have to understand that the real ones running the show are the western ruling elite.
So basically, if countries trading between themselves use their own currencies, when they do trade with the US, the US plans to slap a 100% tariff on them just because they didn't use USD in those other trades that didn't have anything to do with the US. Got it.
@@nurainiarsad7395 Who cares who Kim Jongun is doing to North Koreans when there is another bigger Dictator who is dictating my government and all other governments on currency and trade policies
Living in Sydney I'll just hope that China gives us 2 weeks warning ⚠️ so my family can take a long holiday to Latin American jungles 😂 that's what the Germans and Jews did so it's good enough for me.
@@JenHope118 It's silly to anthropomorphize nations. The nation is not a sentient entity, it's run by people who live the same age as everyone else. Did thousands of years of history prevent China from the dark years of communism and Mao? Did it protect it from multiple ages of warlords? No. Because a nation is not a single mind living a single life. A nation is steered by the individuals in power and the people behind them.
I’m afraid it’s more than just the immature (“kid”) phenomenon. A country cannot exist for the simple reason of enriching its oligarchy. Sooner or later, it will end. Ancient Egypt, Ancient Rome….dust in the sands of time.
America is a 'rich' country that no longer produces anything and is in a massive debt, hard to imagine what could happen if real economy must be relied on instead of hopes and dreams.
Actualy US does produce something. And it is dollar. Let's not forget that book definition of a currency is goods with universal liquidity. So, dollars are technicly goods and US busy exporting their paper in exchange for stuff. So, its kinda funny but logicly you should include dollars in US trade balance as well since its also reserve currency. I know it sounds funny and stupid but that is the reality we live in 😅
@@ardour1587 Yeah , that's right they actually produce toilet wipes called the us dollar that no one wants to take the risk of using with wiping their back sides with in case they catch something from the sodmites genders..
Yeah the disappearance of MH 370 was terror directed to China, the Nordstream Pipeline blown up attacked Russia in the face. Now it’s about time for Batman(Putin) and Robin(Xi) 😎to save the world from USJoker Hegemony
Have you forgotten that US is good in robbery? Have you forgotten US changed the debt from gold to USD by force? They can always default on the debt and say they wont pay back. Yellen also said this on treasury and bonds interest last year.
default? great as 74% is owned by usa public/banks/corp. of 26%, 90% by china/uk/jpn. n after usa default n want to trade with others, sorry is physical assets.
As if dollar is important. Tell the US there is an outside world on Earth.......on second thoughts...don't....please keep them in that small village of theirs aaaaaaaaaaaaaahahahahahahahaha
The USA should make plans to throw in the towel and provide a plan to start over, no matter what the USA is going through a lot of pain, but that's life when you spend more than you have, look at all of the citizens to are turning their cars back in cause they can't pay, same disease.....
China will be the first one to vote for Trump if he imposes 100% tariffs on countries no longer using the dollar AND China will give a discount to those countries for their products.
TARIFFS ARE USED TO BALANCE TRADE NOT CURRRENCIES YOU CANNOT FREEZE OTHER COUNTRIES ASSETS LIKE BIDEN ESPECIALLY WHEN YOU HAVE NO CARROT TO DANGLE (ENERGY) produce more energy to supply other countries instead of threats
Just like the British Empire, the time will come when the US will no longer be able to afford to maintain those 800 bases and will be forced to withdraw. That will be the end of the US hegemony.
Nope. Did you not hear K Harris state during the Trump debate that there are no US soldiers deployed in any foreign military bases anywhere in the world. 🙄
100% tariffs??? I think Trump is trying to give Powell a heart attack, that would really cause him to stress out. I still reckon that Trump thinks the countries with tariffs inposed on them are paying the tariffs and is blissfully unaware that he's actually adding more tax onto the US consumers bottom line. 😂😂😂
I bet you're aware of their capabilities and everything that they don't tell the public about? They're being arrogant because they think they have what it takes to incapacitate their ennemy, one day we will all wake up to a really big surprise. Until then, keep talking crap about things that you know nothing about 🥴
@@larryc1616I am waiting on the day,when all the dollars held by foreigners hit US shores.🥰 You think inflation is high now? 😂 With less Than 5% of World population,nobody really cares what would happen to that 340 million people. As far as I am concerned,they could go on fields and start eating grass like the cows do. Thats what is waiting for the Murrikans. There is a saying in China now,"delete America".
The only things the U.S. produce that have global value are oil and natural gas, and those can be had just about anywhere. As far as foreign exports go, there's a whole planet to sell to, not just the U.S. Even with a 100% tariff there's no downside to de-dollarization.
The big question is: how will the US punish these countries? China is the main trading partner for most countries, so not trading with China is the biggest punishment a country can have. It is better to stop trading with the US, like Russia did!
It is already late, nobody trust those thieves now that they stole so many countries with sanctions, and or military thieves. And US citizen's TAX funding their military enterprises is the worst thieve. If those companies had not bought the press, some other PACIFIST party would have grown (as in Germany now) even if it is only for the greed of wanting taxes giving you (and not only some rich guys) services.
You can't stop the USD from its demise. Its owner has been sicking it on other countries for far too long, 0and for way too little justification. BYE BYE USD.
Thanks Sean. Your channel should be recommended viewing in classrooms for students of economics and global politics on a daily basis. They will learn more about real world business politics and economics in 15 mins than any text book can teach.
Looks like America will have limited trade partners once they increase tariffs. Poor countries want to develop and prosper too why can't they use their own money,why must they use the dollar?
No, Trump will do this. Which will reduce imports from other countries or, like Sean says, wind up with third party countries in the middle. No matter what, it will result in 100% or greater inflation.
@@Dennis0824 No. No matter how much you reduce taxes, it would not be enough to offset the inflation caused by tariffs and sanctions. It is a numerical impossibility.
@@abqmalenurse I didn't say it would totally offset the inflation. I said it would have a positive effect. Most of the inflation is caused by the profligate spending by the federal government resulting in more money printing.
Dedollarization is an unstoppable movement. Trump's suggestion is simply going to trigger a massive sell off of US treasury bonds, making it damn near impossible for it to borrow.
