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De-dollarization: China drops US Treasury bonds, instead buys gold, oil, metals 

Geopolitical Economy Report
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China is reducing its holdings of US Treasury securities. Instead, the People's Bank of China is buying gold, and Beijing prioritizes imports of important commodities like oil and metals. Ben Norton discusses the geopolitical impact of de-dollarization in the world's largest economy.
Check out our related video - "How the dollar's 'exorbitant privilege' enriches the USA (and global elites)": • How the dollar's 'exor...
Topics
0:00 Why countries are de-dollarizing
1:05 Russia & China
1:41 Brazil & China
2:18 Persian Gulf oil & gas
3:29 Central bank FX reserves
4:54 China drops US Treasurys
6:15 Debate in Beijing
8:40 Gold
9:37 Charts: China buys metals & oil
11:21 Strategic petroleum reserve
11:53 Belt & Road Initiative
12:50 East Asia funds US deficits
14:25 Global South funds Global North
15:25 Japan replaces China as top US creditor
16:03 US inflation, interest rates, bond yields, & debt
18:48 Outro
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18 май 2024

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Комментарии : 3,1 тыс.   
@dimasrahardja
@dimasrahardja 14 дней назад
Congrats to all the countries who stand against US dictator.
@kimmichaels899
@kimmichaels899 14 дней назад
Good , stay in china where you belong!! God save the queen!
@DaveBoswell-lz3kc
@DaveBoswell-lz3kc 14 дней назад
Down with US Imperialism
@fzmoifzmoi2575
@fzmoifzmoi2575 14 дней назад
​@@boi9842Down with brainwashed western supporters
@dad8102
@dad8102 14 дней назад
@@boi9842doesn’t exist
@dad8102
@dad8102 14 дней назад
@@boi9842doesn’t exist
@PerceivedREALITY999
@PerceivedREALITY999 14 дней назад
US wanted to make a fool out of China and Russia. But instead, the US made a fool of itself. Let that be a lesson.
@whereswaldo5740
@whereswaldo5740 14 дней назад
It ain’t over til it’s over.
@angec.4757
@angec.4757 14 дней назад
US won't learn. Sadly, it is too arrogant to see any other way.
@royalindiann
@royalindiann 14 дней назад
​@@angec.4757this is true ... they will never learn their lesson. they'll go on and on and on and on until there's nothing left of their pagan nation.
@rainieresguerra6519
@rainieresguerra6519 14 дней назад
The US dollar has been battering the Rouble and the Yuan in the last 5 years. So funny. 😩
@davidwestwater2219
@davidwestwater2219 14 дней назад
​@@angec.4757we think russia and china are criminal jokes
@barttfisher
@barttfisher 11 дней назад
I've lived in America and Canada. Paid about the same in taxes but get way more for my taxes in Canada. Most Americans hate the government (hate giving them their money even more) because they've never experienced good governance.
@PennyBergeron-os4ch
@PennyBergeron-os4ch 11 дней назад
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
@beafoster747
@beafoster747 11 дней назад
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio
@HildaBennet
@HildaBennet 11 дней назад
Hello, how did you handle it? I believe I require a pro after reading these comments
@beafoster747
@beafoster747 11 дней назад
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
@HildaBennet
@HildaBennet 11 дней назад
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, thanks.
@FredMeyer-no3ji
@FredMeyer-no3ji 3 дня назад
Your videos were great!! I'm one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.
@adrainbogdan
@adrainbogdan 3 дня назад
I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many RU-vid videos about it but still find it difficult to understand.
@PromiseNice-jb8ok
@PromiseNice-jb8ok 3 дня назад
Trading in Bitcoin now is the wisest thing to do now especially beginner....
@Raphaelsmith-ri6fb
@Raphaelsmith-ri6fb 3 дня назад
It makes sense that BTC and crypto are of helping to regulate, rather than pretend it won't ever happen. The big institutions getting In is the catalyst that will laugh us made they grow used to it becomes a nonissue usually because of their fears never materialize. And benefits they were unaware of before turn out to be more beneficial
@YoungParis-ss7fx
@YoungParis-ss7fx 3 дня назад
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
@DesTiny-jh4cn
@DesTiny-jh4cn 3 дня назад
Trading is easy, but trading the right coin without a time-tested strategy is incredibly hard.
@albertlowtengdak6511
@albertlowtengdak6511 14 дней назад
Right move by China.
@fzmoifzmoi2575
@fzmoifzmoi2575 14 дней назад
​​@@boi9842Do you get paid for this or do you just like snorkeling the western pudenda? I'm sure it's the latter.
@coletteday712
@coletteday712 14 дней назад
Definitely right move by China 🎉
@JCSY1
@JCSY1 14 дней назад
Yes but China should expedite it even faster as the US is extremely desperate to maintain it's hegemony.
@patrickvernon4766
@patrickvernon4766 14 дней назад
China ie land of Chinese. It’s only the west that was forced to include immigrants to their eternal damnation
@TellenJones
@TellenJones 14 дней назад
They are probably still 2000 tons of gold away from accumulating a meaningful pile. It's a long process
@honey_badger1968
@honey_badger1968 14 дней назад
I live in the US, and it will very likely negatively affect me, but - I love me some good news with my morning coffee. The US is like a teenage bully, who's been getting away with stuff for too long. Time for the adults in this world to teach US a lesson.
@psxtuneservice
@psxtuneservice 14 дней назад
Buy gold
@jenga227
@jenga227 14 дней назад
Same
@TheWhoat
@TheWhoat 14 дней назад
More like a loan shark who gets m*rder b*ners
@coletteday712
@coletteday712 14 дней назад
Agreed
@doktormcnasty
@doktormcnasty 14 дней назад
@@psxtuneservice What like actual gold and have to deal with the significant costs of storing & securing it or phantom paper gold which will disappear the second you try to claim the real deal?
@aarondaniels5525
@aarondaniels5525 10 дней назад
If you are planning for retirement Here are some key pointers. Firstly, kick-start your savings early to benefit from compounding. The longer your money has to grow, the better. Secondly, make the most of retirement accounts like 401(k)s and IRAs, especially if your employer offers a matching contribution - it's essentially free money. Thirdly, diversify your investments across different assets to mitigate risk. Think stocks, bonds, and real estate.
@sophiehernandez4108
@sophiehernandez4108 10 дней назад
Great advice for retirement planning! Starting early and taking advantage of employer-sponsored plans can make a huge difference in the long run. And diversifying investments is crucial for managing risk. Thanks for sharing these valuable tips!
@cooperhayes7055
@cooperhayes7055 10 дней назад
Spot on! Planning for retirement is crucial, and these pointers are gold. Diversifying investments is a key strategy plus, having an investment expert by your side can really help navigate the complexities and optimize your financial plan.
@josephhughes9583
@josephhughes9583 10 дней назад
Absolutely! Diversifying investments is crucial for long-term success. Having a fiduciary has been transformative. She navigates market fluctuations, identifies opportunities, and keeps me on track for retirement. Her tailored advice boosts confidence and informed decisions. Trusting her skills brings peace of mind, ensuring my future is secure.
@AmberDen5293
@AmberDen5293 10 дней назад
That's truly remarkable.I hope you don't mind pointing me towards her direction.
@josephhughes9583
@josephhughes9583 10 дней назад
she's mostly on Telegrams, using the verified user name.
@shellylofgren
@shellylofgren 6 дней назад
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
@donna_martins
@donna_martins 6 дней назад
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
@robert-1miller
@robert-1miller 6 дней назад
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
@Trevor_Morrow_LTD
@Trevor_Morrow_LTD 6 дней назад
It appears that your investment advisor is highly skilled. Could you please let me know if you are still in contact with this advisor and, if so, how?
@robert-1miller
@robert-1miller 6 дней назад
vivian jean wilhelm’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
@Trevor_Morrow_LTD
@Trevor_Morrow_LTD 6 дней назад
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@sslelgamal5206
@sslelgamal5206 14 дней назад
Hallelujah brother 😭😭 Can't believe this day is finally coming! Freedom, at last ✌✌
@Vievhyperactief
@Vievhyperactief 14 дней назад
I know, this is gods plan in working, we won. 🫶😇🥲
@slavcpanigaz846
@slavcpanigaz846 14 дней назад
😂😂😂 I like greens or euros.. f.. chinese and Russian paper
@sslelgamal5206
@sslelgamal5206 14 дней назад
@@slavcpanigaz846 🤣🤣🤣 and we like Chinese and Russians, f... greenbacks and Euros 👍👍
@BebekGoreng88
@BebekGoreng88 14 дней назад
@@slavcpanigaz846 I like red or roubles.. f.. westernp igs paper.
@slavcpanigaz846
@slavcpanigaz846 14 дней назад
@@sslelgamal5206 good luck with rubbles and yuans
@jjsamuelgunn1136
@jjsamuelgunn1136 14 дней назад
US shouldn't be complaining about China dumping their bonds. After all they were the ones that were originally whining about China being their 'biggest creditor' and even threatening to 'cancel' the bonds because of covid.
@barnabusdoyle4930
@barnabusdoyle4930 14 дней назад
The US is also threatening to seize Russian assets held in Europe. No country should hold western assets or assets in the west unless they want it stolen.
@followthewhiterabbit8561
@followthewhiterabbit8561 14 дней назад
It's not just USA printing money. It's the whole world printing money. Additionally, you have "criminal" both large and small operations printing fake money all over the world. In Lima, every street corner theres a house, aparment or business who has a printing operation making fake money. The world is figuring out money is a big scam. People are doing what gov's are doing by printing fake valueless money.
@timothychung4811
@timothychung4811 14 дней назад
Over dumping capacity.🤣
@grandwonder5858
@grandwonder5858 14 дней назад
When I noticed the US’s propagabda machines were spreading lies about the so-called “China’s debt traps” I knew right away the US was basically accusing China of the things that it does around the world because I knew it was the US that was the one setting up poor countries all over the world into debts that they would never be able to pay off with its IMF system! So when the US accused China of violating human rights of the Uyghurs I knew the US was basically projecting its own crimes onto China since it was the US that stole land from the Native Americans to give to the oil and gas companies so that they could build oil and gas pipelines on native people’s land. Thousands of indigenous Americans are still sitting in prison and jails right now because they protested against the thefts of their land and the destructions of their homes by the US government when the US government sent the national guards to beat them up and to break up their protests! To this day thousands of those native people are still in prison and jails because they can’t afford to pay those $150,000 to $200,000 bonds that were ordered by those shady white judges that are connected to the US government, which means they would likely be in jails and prison for years and years without ever getting their day in court! Those are the sorts of dirty stuff that the US is doing but yet has the gall to accuse China of doing!
@tigrecito48
@tigrecito48 14 дней назад
china finally proving that US capitalism doesnt work... the only reason it worked was cos america constantly sabotaged communist and socialist nations and cos it constantly stole other nations wealth... it took 80 years for the world to wake up to these mafiosos
@Puffdamgcdragon
@Puffdamgcdragon 13 дней назад
The Americans killed Gaddafi for this exact same thing
@gamer_dude.
@gamer_dude. 6 дней назад
i bet dedolaisation will make USA fattiest coutry to the healthies one.
@MaryLou5239
@MaryLou5239 5 дней назад
And they killed Sadam for this .
@thematic3893
@thematic3893 14 дней назад
They stole from Afghanistan. That’s just disgusting.
@pulsesdigital7453
@pulsesdigital7453 14 дней назад
Super act by China !!!! Congrats to BRICS
@arthurlincoln9093
@arthurlincoln9093 14 дней назад
I'm Indian. Why China not want payment in Rupees?
@pulsesdigital7453
@pulsesdigital7453 14 дней назад
@@arthurlincoln9093 No Currency is required my friend. Every transaction will be in Digital Currency(Blockchain)/Gold
@ibrahimtouman2279
@ibrahimtouman2279 14 дней назад
@@arthurlincoln9093it takes two to tango, for that to happen India must accept China’s Renminbi
@SanLucas-hr8pf
@SanLucas-hr8pf 14 дней назад
​@@arthurlincoln9093So you accept renmimbi?If not rupee is useless!
@cryptorenegade1406
@cryptorenegade1406 14 дней назад
It makes more sense for india to buy RMB cos China produces everything which i think india is buying lots of
@redtop1705
@redtop1705 14 дней назад
The US and Europe are finished
@ireneserrano4570
@ireneserrano4570 14 дней назад
US and Europe have been fkd already, we have no industries, we depend on others for manufacturing, rae materials.. everything! But many can't even realise m, but the moment the doIIar hegemony ends the sht will blow up in our facea
@cosmoray9750
@cosmoray9750 14 дней назад
Canada as well. " The government of Canada has wound down its gold reserves to basically nothing after a multi-year strategy of selling them off in favour of hoarding other countries' currencies instead." I believe Canada is the seventh on the list of holding US treasury. That was a dumb more by Justin Trudeau to sell what is left of the gold reserve. " Ottawa sells off almost all its gold reserves, leaving just 77 ounces - or less "
@pkia898
@pkia898 14 дней назад
Hahahahahahahaha 😂
@MrGeorgewf
@MrGeorgewf 14 дней назад
About time
@user-xp3jb6ve9w
@user-xp3jb6ve9w 14 дней назад
The west has been playing fraudsters for several decades - It's over for the West - Time for them to be humbled
@pranavkhanna1547
@pranavkhanna1547 13 дней назад
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
@karenwilliams9653
@karenwilliams9653 13 дней назад
Invest in real estate, ETfs and high-yield savings account.
@TonyRiley-qb7sw
@TonyRiley-qb7sw 13 дней назад
Just buy Gold and protect your assets, the stock market is a rollercoaster.
@lisaMauer-sj5el
@lisaMauer-sj5el 13 дней назад
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on Etfs and actively managed funds. I am up by 418% in 1 year under guidance.
@karenwilliams9653
@karenwilliams9653 13 дней назад
how do I get one and interview them? Considering your point I won’t want to get into a bubble. Can you recommend any?
@karenwilliams9653
@karenwilliams9653 13 дней назад
Cheers man. Sharp looking lady. Hopefully she has my time. I wrote her then set up a call.
@AoiKaze-xt6rk
@AoiKaze-xt6rk 14 дней назад
As someone who lives in South East Asia and have interacted with Americans, I can definitely tell you that USA is likely to face economic oblivion in pursuing its desire for continued global domination. The level of hubris of American govt is beyond belief. I honestly think USA has nothing left to offer. I would'nt even visit the US, a banana republic masquerading as a "First World country", much less do business with them seeing how they can just confiscate your money. South East Asia, including the Malay Archipelago, have centuries-long history of trade and commerce, even cultural exchanges with ancient China, which continues up till this day. We will not let a bully coerce us into cutting ties with an old friend whom we know so well and for so long.
@josephlau9585
@josephlau9585 13 дней назад
Very well expressed. Kudos
@Africanchild825
@Africanchild825 13 дней назад
We feel the same way about China in Africa.
@user-dz4jl3be9t
@user-dz4jl3be9t 12 дней назад
I was in Chiangmai Thailand for 6.5 yrs. When asked where I was from I just said I hold a U.S. pp. just moved back to US but the only thing 😢that would make return is the economy Living in the Us is too intense & complicated Not sure I can adjust
@NopWorks
@NopWorks 12 дней назад
Can't even visit & travel to the US easily as Asians, because their Visa is infamous for being so random & hard to get. Meanwhile the US want to walk into Asia freely. While they're acting like sitting on high horses, China has been making it easier & easier for people to visit.
@prairiehills416
@prairiehills416 11 дней назад
100% correct. The USA is a shit show under Sleazy Joe. Prostitutes, Drug Dealers and Terrorists have overrun the country.
@rogerburn5132
@rogerburn5132 14 дней назад
There is No point China to hold US dollars. When they can pay for oil from Russia and Soudi Arabia in Chinese yuan 😊
@fannyalbi9040
@fannyalbi9040 14 дней назад
china use usd for small bri countries development that still use usd
@phongy45
@phongy45 14 дней назад
USA PLANNED NOT TO RETURN OR HONOUR THOSE BILLS?
@babloo355
@babloo355 14 дней назад
It's is the rule that was applied on impotent arab countries in 1976 . If they deviate USA ll attack in the name of weapos of mass destruction or human rights , etc. Iraq Libya destruction was done due to the same reasons. There were no weapons of mass destruction in Iraq Libya wanted to trade in gold so it was destroyed by the massive American military system .
@Michael-F4ul5kzbuck
@Michael-F4ul5kzbuck 14 дней назад
@@fannyalbi9040 interesting....what countries is that??
@UvaldeSalter-hh1ej
@UvaldeSalter-hh1ej 14 дней назад
The oil from Africa right? So Africans making them rich after building infrastructure there and then only then making the West look bad ..... I'm just trying to since why you promoting slave traders who have been known to pay groups to harrass aficans, link with china for oil deals having divested your own, and then pump up a currency that ain't yours.....
@cb250nighthawk3
@cb250nighthawk3 14 дней назад
These financial instruments are used by US to finance wars, maintain the 800 military bases etc
@UvaldeSalter-hh1ej
@UvaldeSalter-hh1ej 14 дней назад
But is Russia literally not doing the same by asking military to step up with alliances. Same difference ain't it??
@jessicayoung1190
@jessicayoung1190 14 дней назад
@@UvaldeSalter-hh1ej BRICS is not military alliances , unlike NATO .
@UvaldeSalter-hh1ej
@UvaldeSalter-hh1ej 14 дней назад
@@jessicayoung1190 my love check again, Russia just called in military alliances with members of BRICs for no real reason so he want to be like NATO at the same time friends with a person in Ukraine who appearing to have "peace talks" with them to get NATO tanks for free who also friends with Trump and Biden so this ish all planned to make it seem like West bad but they all buddies
@UvaldeSalter-hh1ej
@UvaldeSalter-hh1ej 14 дней назад
@@jessicayoung1190 but they are trying to be. They trying to make West look bad when they all buddies. If Russia friends with person doing "peace talks" in Ukraine at same time NATO tanks ending up in Russia what that tell you if USA shaking the same hand
@UvaldeSalter-hh1ej
@UvaldeSalter-hh1ej 14 дней назад
@@jessicayoung1190 but they are trying to be. They trying to make West look bad when they all buddies. If Russia friends with person doing "peace talks" in Ukraine at same time NATO tanks ending up in Russia what that tell you?
@wimokaharawira8443
@wimokaharawira8443 13 дней назад
I'm from New Zealand, our government has been in less than a year. We just joined Aucas, an alliance against our biggest trading partner 🤔🤔🤔. We've had a free trade agreement for nearly 20 years 🤔🤔🤔. None of our mates in the alliance want a free trade agreement with us🤔🤔🤔 All the bad accusations against China our allies are guilt of "or worse"🤔🤔🤔
@prabhakar0076
@prabhakar0076 6 дней назад
That's hitting your toe 😂, No common sense in Europe. BTW USA asks for China to buy bonds, 2hat a joke 😂😂😂
@ericshang7744
@ericshang7744 4 дня назад
Actually no, NZ is not part AUCUS yet. NZ have a lot to learn from Singapore.
@wh4uf
@wh4uf 3 дня назад
NZ just did the proverbial one step forward 25 steps backwards . Good luck and good bye NZ
@wimokaharawira8443
@wimokaharawira8443 3 дня назад
@@wh4uf get our old government party back in, we'll be alright
@wh4uf
@wh4uf 3 дня назад
@@wimokaharawira8443 that would be a giant task and only if the US allows that to happen.
@holymemoly3833
@holymemoly3833 11 дней назад
as an Iranian myself , i highly recommend every country to not use dollar , because it's not a currency , it's a weapon used by bad bad bad people
@unknown-hb2to
@unknown-hb2to 9 дней назад
Of course you do lol Iran hates America
@Sandip6521
@Sandip6521 6 дней назад
What about countries like North Korea . How can we punish them ?
@wynterwei9628
@wynterwei9628 6 дней назад
@@Sandip6521 Did North Korea Bomb or invade other countries? Or just because you hate it?
@JonathanCoates89
@JonathanCoates89 2 дня назад
hes a bad bad man
@sheritownsend5359
@sheritownsend5359 14 дней назад
America is not the country I thought it was. This will have a negative impact on my finances, but someone has to stop America's strangle-hold.
@Support_Ad_Blocker
@Support_Ad_Blocker 14 дней назад
sheritownsend5359 The U.S. was always an illusion. And a paper tiger.
@DavidJohnson-yg8qm
@DavidJohnson-yg8qm 14 дней назад
The current administration in the US shows the world just how corrupt it is. A lesson to us all that we can no longer trust this country until it gets its house in order.
@gabyradu8266
@gabyradu8266 13 дней назад
Well...the good times are pretty much gone. So called "inflation export" doesn't seem to work anymore. Remember the presidents that came on Tv and said " We need to export inflation" ? So...the federal reserve printed dollars and distributed to banks...banks gave it to "investors" who run around the world buying all sorts of things... oil , gold , coffee, cars , planes, boats , toys , land and all sorts of investments from power plants to highways. Even funding all king of weird agendas...like women equality or pride parades. Now the dollars comes back to home. There are 2 possible outcomes. Or it turn in hyper inflation and collapse America...or the Gov takes drastic measures on spending to pay part of the debt. In both cases it mean poverty. Might not be this year or not next 3 yrs...but its coming . If you want to save ur wealth...invest in gold and properties.
@road2morality
@road2morality 13 дней назад
It’s been colonized by unpatriotic non American Jews, that’s why
@forsale313
@forsale313 13 дней назад
The American Financial System has been a shell game (with no Peanut) since it left the Gold Standard. Bottom line.......the American Dream is a LIE and always was for those of us that have to work for what we get!
@upstny
@upstny 14 дней назад
The world is getting tired of being a hostage
@user-zt3tn3kf7z
@user-zt3tn3kf7z 11 дней назад
Xi ping great leader the history of the world...
@davidlee9493
@davidlee9493 14 дней назад
It's a case of be careful what you wish for. The U.S. wanted to de-risk with China. China is now de-risking from the U.S.
@thisiskevin1000
@thisiskevin1000 12 дней назад
Diversification of international trade and investments. Much of China’s global trade volume is geared towards fellow developing nations and emerging economies since the 2000s.
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
The world should stand behind China and Russia against the USA as now the USA export its inflation world wide. How? Do exactly what the world does to Europe, never sell cheap to the USA, never trade with the USA, never buys the USA products and use swap currency for trading. To import the world can use the cheapest world currencies such as Yen and for investments can use the world most expensive ones such as Euro if swap currency is impossible.
@prometheusr
@prometheusr 10 дней назад
Don't be an idiot your whole life.
@corpingtons
@corpingtons 9 дней назад
@@MSDGroup-ez6zk no
@amateurbarnaby
@amateurbarnaby 9 дней назад
⁠@@MSDGroup-ez6zkAfter what the CCG does to Philippine Coast Guard and Fishermen vessels…not a chance. Building military islands on a territory that is not theirs. Not a chance. Blocking Filipino Fishermen from fishing to seas that they have for years. Not a chance.
@pessi6185
@pessi6185 14 дней назад
A good indication for people to follow China's path & buy some Gold and Silver to protect themselves from the looming collapse of fiat currencies.
@Praisethesunson
@Praisethesunson 14 дней назад
People aren't nation states. Unlike you. China has a literal industrial use for gold and silver. If you want to invest like China. Buy Chinese government bonds.
@Uncanny_Mountain
@Uncanny_Mountain 14 дней назад
Govt by People's Referenda: Peaceful Occupation of our Capitals until it's installed, or run Mascot Candidates Single Issue Referendums with thresholds and a social contract means Communities can vote their own laws. A Public Authority can audit police and prosecute bad cops in our own courts. Nationalise resources and give Indigenous peoples the right of Sovereignty over them as Guardians. This can be achieved through a General Strike or Velvet Revolution, much like the Occupy movement, peacefully occupying State Buildings until a People's Mandate can be implemented. With the appropriate checks and balances, you could have a national digital forum where qualified professionals can debate the issues in a public setting without all the disinformation and bad faith antics, hatespeech etc. Any vote would need to pass the 70% threshold, with a veto or _rewrite_ vote needing 30%. The issues would be debated, the public educated, and then a vote taken. Votes that fail will have to wait a year before trying again. Any new proposal (Citizen Initiated Referendum) would have to reach a threshold of support before it made it onto the register. This would be subject to a Social Contract (New Constitution) that forbids human rights abuses and discrimination. That can be written in the same manner based on the core principles we all share. Councils and Boards could operate in the same fashion at Scale. It works in a way that obligates people to better educate themselves ( that is to use logic and evidence in their reasoning ) for a better understanding of the issues, and then take collective responsibility for the outcomes. As opposed to the divisive US v them scapegoating and bi-partisan finger pointing the current Capitalist Pyramid Scheme runs on. We need Government by People's Referenda, either through Mascot Candidates or Peaceful Occupation of the Capitals until one is established. Make it an annual event on Oct 14
@pessi6185
@pessi6185 14 дней назад
@@Praisethesunson Yes that is true that China has industrial use for Gold & Silver (more so silver). But Gold & Silver are known as real money & have been for thousands of years. All fiat currencies devalue against Gold & Silver and eventually go to 0. Investing in Gold & Silver is a way to protect yourself against inflation(aka devaluation of your currency). That's why lots of the Chinese public are also investing in Gold & have been encouraged to do so by their Government.
@sergeylos8939
@sergeylos8939 14 дней назад
There were precedents of gold confiscation from population in US, so nobody is safe.
@aksapriix2383
@aksapriix2383 14 дней назад
China's take more options to trade with more openly .. not only using $.
@dialogswithgod7128
@dialogswithgod7128 14 дней назад
The BRICS are buying gold like no tomorrow.. Anyone noticed that no nations has parked their money into US treasury since January 2022, the world's safest and most liquid market since WW2. This speaks volumes towards de-dollarization.
@unknown-hb2to
@unknown-hb2to 9 дней назад
Brics is a failure and won’t go anywhere. Its 2 biggest members china and india don’t even like each other 😂
@cstevenson5256
@cstevenson5256 8 дней назад
The US has 60% more gold reserves than all BRICS combined.
@halimharon9489
@halimharon9489 13 дней назад
Why US brutally taking away other nations money😮..
@deonlubbe6127
@deonlubbe6127 14 дней назад
Go BRICS
@lawrencecheong29
@lawrencecheong29 14 дней назад
Moral of the story" Those living in glass houses must never throw BRICS!
@raquelbrac8497
@raquelbrac8497 14 дней назад
Great one. LOL
@dias2627
@dias2627 14 дней назад
Fantastic 😂
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other couhtry is no more. every country should be free
@jacktherack9551
@jacktherack9551 14 дней назад
Classic comment,,,
@billinsf88
@billinsf88 13 дней назад
Bingo!!
@anthonymorrison6557
@anthonymorrison6557 4 дня назад
The introduction of a Bitcoin ETF marks a groundbreaking moment in the cryptocurrency world, merging digital currencies with traditional investment methods. This innovation could stabilize Bitcoin prices and broaden its appeal to a wider range of investors, potentially increasing demand and value. At the heart of this evolution is Sarah Jennie Davis, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment
@jonesfrederick1228
@jonesfrederick1228 4 дня назад
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH... Stock)
@godongod2752
@godongod2752 4 дня назад
How please I'm pretty new and feel I have much to learn, I would appreciate if you show me how to go about it?
@anthonymorrison6557
@anthonymorrison6557 4 дня назад
She is really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment
@amaeryamidus
@amaeryamidus 4 дня назад
I have heard about her excellent trading expertise in CNBC news, guess she's more popular in United States
@udeikechukwu2348
@udeikechukwu2348 4 дня назад
YES!!! That's exactly her name (Sarah Jennie Davis) so many people have recommended highly about her and am just starting with her from Brisbane Australia
@bktan3111
@bktan3111 13 дней назад
All those countries that are not favoured by USA and are rich in resources should gather together and de dollarise. I m very sure that these countries will move forward and progress faster.
@RickBelt
@RickBelt 14 дней назад
How can the USA survive without the money printing machine if no one wants this currency anymore?
@user-fr6rg6gy3l
@user-fr6rg6gy3l 14 дней назад
They dont
@notgonnadoit32
@notgonnadoit32 14 дней назад
we haven't gotten to that point yet. Until countries refuse to accept the USD America will remain relevant.
@reptilexcq2
@reptilexcq2 14 дней назад
They have already abused the printing and they know they can't stop it because their economy depends on it. It's like someone keep applying for credit cards and then using it up and then applying for another one and keep repeating just for their survival. And they know they can't pay back. That is America financial system in a nutshell. They're basically running a fraudulent financial pyramid scheme that depends on others to survive. If every country withdrawal from US bonds, they're dead. So, this is a classic pyramid scheme, all the players must participate and be a part of the pyramid. IF they all withdraw from the game, the pyramid will crash. China is withdrawing.
@somekindaguy100
@somekindaguy100 14 дней назад
First they go to War then it gets worse from there
@LunaLapin-ho5tk
@LunaLapin-ho5tk 14 дней назад
@@notgonnadoit32 The US will be as relevant as Canada and Mexico. The petrodollar has died and there are new payment processors for cross border trade so there is no need for dollars.
@mikem4432
@mikem4432 14 дней назад
Long story short.. China is done with American BS.
@raquelbrac8497
@raquelbrac8497 14 дней назад
LOL
@user-re1yw3lm5n
@user-re1yw3lm5n 14 дней назад
💯💯😂😂THE ALL WORLD 🌎
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other couhtry is no more. every country should be free
@danieldonahue9336
@danieldonahue9336 13 дней назад
But china blows
@stevensica5918
@stevensica5918 13 дней назад
Well, enjoy your new masters. It won't be long until they turn on you.
@AnitaSalas-lr9ic
@AnitaSalas-lr9ic 14 дней назад
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..
@Yusuf-di8cw
@Yusuf-di8cw 14 дней назад
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.
@Andrea-hy8df
@Andrea-hy8df 14 дней назад
She's a licensed broker in the states 🇺🇸
@Andrea-hy8df
@Andrea-hy8df 14 дней назад
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
@sheltonunrabbe
@sheltonunrabbe 14 дней назад
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
@Andrea-hy8df
@Andrea-hy8df 14 дней назад
*Always active she'll guide definitely*
@alfiedos-reis8276
@alfiedos-reis8276 11 дней назад
Congratulations to China and Russia.👏👏👏👏👏👌
@afzaalkhan.m
@afzaalkhan.m 14 дней назад
Loot and plunder of most poor countries that are helpless
@weissomar185
@weissomar185 14 дней назад
Sad to see USA steal poor Afghanistan money.
@adamiskandar5107
@adamiskandar5107 14 дней назад
With the rise of China and Russia, they are no longer helpless. Even small African countries like Chad, Niger, Mali and Burkina Faso could stand up to the West although they know they risked, being coup.
@forsale313
@forsale313 13 дней назад
China used to be one of those Countries until America allowed them to open and stock (with their own Cheap goods) 99cents Stores about 30yrs ago in the U.S.
@alirott2271
@alirott2271 13 дней назад
THE AMERICAN WAY
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
@@forsale313 If you the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before.
@hammadsethi5329
@hammadsethi5329 14 дней назад
Always support a healthy competition.
@karlowalker4143
@karlowalker4143 14 дней назад
Hi Ben. Great analysis as always. By China holding US debt, means the US can spend more money on the military to surround China as they are doing now. Building even more military bases in the Philippines and sending permanent special troops to an island only 10 Km from main land China, training Taiwan troops and arming them to the hilt, like they are doing in Ukraine and Israel. Time to drop another Billion crap debt and buy more gold.
@dee-vee
@dee-vee 13 дней назад
15:50 The Japanese yen is collapsing; yet, Japan's US Treasuries holdings increased. That's what a vassal state does.
@PerceivedREALITY999
@PerceivedREALITY999 14 дней назад
Thank you Ben. Independent journalists with journalistic integrity are the heroes of our time.
@user-kf1pf5qw4d
@user-kf1pf5qw4d 13 дней назад
ROFL ... when you sai it, it means the opposite ...
@mohdhatarobani8536
@mohdhatarobani8536 13 дней назад
Makes sɛnsɛn, good talk
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
@@mohdhatarobani8536 If you the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before.
@Ashen2501
@Ashen2501 14 дней назад
Actually the only country has to be blamed on dedollarization is... US itself ^_^
@johnyan836
@johnyan836 12 дней назад
If you go to anywhere outside of China and you let people pick the same value of USD or Chinese Yuan. Which one do you think the people would pick?
@Ashen2501
@Ashen2501 12 дней назад
@@johnyan836 Right now? They will choose USD of course. In next ten years? Who knows... Poblem is that even US treasury admits that USD real cost is less than cost of a paper it's printed on. Right now USD is backed only by US army and it's nuclear potential. Because US mostly is a country of digital goods, while most of other countries are produce real commodities, real treasures. Personally me, if given choice, i'd preffer neither USD nor Yuans, i'd preffer precious metals, like Gold, SIlver, Platinum etc. These are rock solid currencies, which existed before and will exist after any other fiat toilet papers ^_^
@johnyan836
@johnyan836 11 дней назад
@@Ashen2501 Unless US military suffers a severe defeat by the Chinese military. Otherwise, USA still prints paper and the world will bring gold to exchange whatever the paper prints.
@Play4Vida
@Play4Vida 11 дней назад
​@@johnyan836 countries are not picking US because they want too, they have too, and that creates a lot of mistrust. Now that China is in the picture US will drown own its own threatening behavior and waging wars and indirectly starting wars, on top, weaponizing the dollar. You think the world don't see this? It's a matter in time US will pay for all their wrong doings.
@wellesoncarvalho
@wellesoncarvalho 10 дней назад
​@@johnyan836 Not the point why people are stopping to use dollar. Countries are afraid to lose all their efforts just because USA doesn't like you... Example: why tf Cuba can't do much international trades? According to USA because there they don't have "freedom" (it's the real excuse, seriously, see the USA saying that in 2023 in the UN reunion), but why Qatar can trade with US dollars when they literally have slaves? Cuba can't trade internationally because USA doesn't like Cuba, simple as that. See how is that dangerous? Now, for example, my country (Brazil) have a lot of lithium, so Tesla are interested, but for us it is economically better trade with BYD, what if USA government see this as "they prefer to trade with China, so they're against us 😠" and just ban Brazil from using US dollars... And then our economy just get worse and worse because we can't trade with other countries, like they did with Cuba... HOW THE FUCK DO WE TRUST DOLLAR? They literally can say "yeah, I don't like you anymore, so that's -5 billion dollars and you can't trade anymore lol". We (in development countries) NEED stop using dollars, USA it's not the judge of the world. It's that simple.
@pod11th31
@pod11th31 14 дней назад
I'll try to explain my bank that im not completely broke - i just sucesfully dedolarized.
@mjmf1430
@mjmf1430 14 дней назад
USA can still survive because it’s unlikely EU and G7 countries would de-dollarise. The new world would be polarised, with the USA and its allies in their own orbit, pulled away from the rest of the world which is the other more than 160 countries. Which also means the problem in the USA (high debt, stagnant middle class, widening middle class, high cost of living, social unrests, etc) would only get worse, not better.
@usiohaki295
@usiohaki295 14 дней назад
Sell US treasury bills fast, otherwise risk of being frozen.
@rogerburn5132
@rogerburn5132 14 дней назад
Exactly
@litchi4507
@litchi4507 14 дней назад
A tool of neocolonialism.
@user-sf7kl9uh7k
@user-sf7kl9uh7k 14 дней назад
No, that's BS
@avocadoarmadillo7031
@avocadoarmadillo7031 14 дней назад
@@user-sf7kl9uh7k How is it BS? US puts tight controls over how US dollars can be spent and has a history of seizing foreign reserves. You don't want to dump a ton of treasuries all at once because you won't get a good deal, but purely from a strategic perspective US treasuries have substantial risk if your policy (as a sovereign nation) deviates from US policy. Seizure of reserves kept in US accounts happened with Afghanistan, I believe with Venezuela (although that may have been the UK at the US's request... need to google it), is desired with Russia, and at one point led to the incarceration of a Xuawei executive (spending US dollars in a non-permitted manner). Try to be less emotional, fooling yourself and ignoring history isn't actually good for your nation, even if some people in DC think it is. It only encourages bad policy.
@rogerburn5132
@rogerburn5132 14 дней назад
@@user-sf7kl9uh7k it's not BS you just don't know the bond market
@sprinkz6187
@sprinkz6187 14 дней назад
While China is busy with tech and innovation, the US and the West are busy deciding over who’s a boy or girl and arguing what pronouns to use
@user-re1yw3lm5n
@user-re1yw3lm5n 14 дней назад
FACTS 😂😂😂😂😂😂💯💯💯💯
@masteryourkitchen-areyouga7237
@masteryourkitchen-areyouga7237 14 дней назад
funny I live in the west .. and have never seen that in real life ... only on youtube.. think it is made up ... and not real
@mtdewramen
@mtdewramen 14 дней назад
​@@masteryourkitchen-areyouga7237so glad I don't pay attention to culture war bs.
@ATS_i_piss_on_G00gle
@ATS_i_piss_on_G00gle 14 дней назад
Bulls eye ,man,bulls eye.
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other couhtry is no more. every country should be free
@nikah7646
@nikah7646 6 дней назад
Don’t mess with Russia and China! 🇷🇺 🇨🇳 ❤
@MaryLou5239
@MaryLou5239 5 дней назад
💯 agree
@davidrichards1741
@davidrichards1741 13 дней назад
Stanley Druckenmiller, arguably the world's best investor today, recently said that the loss of the reserve currency would crash the US standard of living by about 75%, even worse than that study says. It would also force the US to massively withdraw from its foreign warmongering around the world and all US military bases would have to close.
@rogerburn5132
@rogerburn5132 14 дней назад
No Petro dollar the US Dollar is finished. Iraq. Iran. Russia. Soudi Arabia are taking Chinese yuan and other currency for oil. Instead of US dollars 😮
@fannyalbi9040
@fannyalbi9040 14 дней назад
don’t think china buy oils from russia n iran using usd 😂😂😂 brazil probably sell products to china using yuen too
@rogerburn5132
@rogerburn5132 14 дней назад
@@fannyalbi9040 China is buying oil from Russia. Iran. Iraq. Soudi Arabia payment in Chinese yuan Not USA dollars. China trade with Brazil in Chinese yuan. In return Brazil is buying Chinese goods with the Chinese yuan. NO dollars Needed
@yfelwulf
@yfelwulf 14 дней назад
Japan the biggest holder of US Bonds their economy passed basket case a decade ago they're PHUCKED
@seadoomania
@seadoomania 14 дней назад
It’s happening but not fast enough
@rogerburn5132
@rogerburn5132 14 дней назад
@@seadoomania it doesn't have to be fast because China still has 850 Billion US government bonds and if it's fast USA will Not pay back the borowed Money from China. It's slow until China get rid of the US Dollar.
@adventure9183
@adventure9183 14 дней назад
The US lost its way and forgot about the philosophy of equality
@Lucia-sy7le
@Lucia-sy7le 14 дней назад
Justice, Freedom, God; we've forgotten about EVERYTHING that made us who we are.
@Zilma-jm8sz
@Zilma-jm8sz 14 дней назад
equity is what they offer us.. equity under tyranny
@chadpreston5549
@chadpreston5549 14 дней назад
All Democrat doings
@grandwonder5858
@grandwonder5858 14 дней назад
The US never had any philosophy or equality in its entire history! Its only belief is to steal as much as it can!
@BlackPill-pu4vi
@BlackPill-pu4vi 14 дней назад
@@chadpreston5549 It goes far deeper than the Democrats and GOP. ✡🕎
@tronwars7130
@tronwars7130 14 дней назад
Japan could be joining China, on Monday I think Japan dumped about 22.5 billion of US bonds to stabilized the Yen which created a little mini panic in the market. But if things don't improve no doubt Japan will do it again. As China and Japan are the biggest holders of US foreign exchange reserves and if both countries start to offload like what happened earlier this week then it's going to soon become big trouble for the US who needs those countries to by it's dollars.
@sarahkhan2310
@sarahkhan2310 13 дней назад
With a massive debt of 34 trillions everything in the uS is collapsing. Holding on to the dollar and bond is a death trap
@chemophile14
@chemophile14 13 дней назад
Because they killed 34 million people across the world for last 20 years
@mehrabspeaks
@mehrabspeaks 14 дней назад
Wise and Great decision by the People's Republic of China.
@chrislee528
@chrislee528 13 дней назад
Who will put their money in US Banks if their money is controlled by rogue US govt and can be frozen or forfeited just by Congress passing a law ?
@RG-jr8ym
@RG-jr8ym 14 дней назад
The world is tired of the USA being the bully, its about time they are taught a lesson
@friendshipauto8241
@friendshipauto8241 14 дней назад
Yes! Biden weaponized the dollar and all Americans will suffer as a result of his actions.
@user-kf1pf5qw4d
@user-kf1pf5qw4d 13 дней назад
But the USA is the one who secured globalization ... Without them china would be still 3rd world country!
@mattiarubio3240
@mattiarubio3240 12 дней назад
Unfortunately due to globalization the strongest country in the world will always act as a bully. If the usa falls china will take their place.
@user-nj3mp9jh1r
@user-nj3mp9jh1r 11 дней назад
Thank you . About time.
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
@@user-nj3mp9jh1r If you the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before.
@mbronzeinfo7950
@mbronzeinfo7950 14 дней назад
END OF THE USD END OF THEIR ECONOMIC SYSTEM THANKS GOD💯
@truthisthelight
@truthisthelight 13 дней назад
The end is near 🙏
@johnbethea4505
@johnbethea4505 13 дней назад
If 70% of the USA dollars are outside of the USA and this money comes back to the USA, does it mean that the dollar will then be worth 30 cents on the dollar???
@chemophile14
@chemophile14 13 дней назад
Anyway USD will be most useless currency. Even those developing countries who have to pay debts are waiting to dominate BRICS so that they can’t pay back their debts in low USD 😅
@prabhakar0076
@prabhakar0076 6 дней назад
U r coffee becomes 70x price 😂😂😂
@maxsarjay5730
@maxsarjay5730 14 дней назад
One of the biggest atrocities on freedom of speech has been happening with the young adults in the college across America free Julian Assange before it's too late to free ourselves world press Freedom Day was yesterday and nobody came to free Julian Assange what a crying shame
@peanut0brain
@peanut0brain 14 дней назад
There was never "freedom of speech" in the US . As old prof Richard wolf says, he remembers even Vietnam War protesters got beat up and jailed. Same for the "occupy wall st" protesters a decade ago.
@Uncanny_Mountain
@Uncanny_Mountain 14 дней назад
Call for Govt by Citizen Initiated Referendum No more Parties or Politicians, occupy the capitals and March every Oct 14
@tiberio1352
@tiberio1352 14 дней назад
Use comas, periods, etc,. You make no sense.
@fzmoifzmoi2575
@fzmoifzmoi2575 14 дней назад
​​@@tiberio1352That's because your English is low level. You talk about punctuation marks and can't place them into his cooment to understand what is being said. SMH 🙄
@fzmoifzmoi2575
@fzmoifzmoi2575 14 дней назад
​@@tiberio1352and learn to spell "commas" or else people will think you've been in "comas" on and off your entire life.
@F_Liu
@F_Liu 14 дней назад
Another great report Ben. Yes Di Dongsheng (翟东升) is a much credited Chinese intellectual specialised in US and Chinese economy. There has also been internal talks among other experts advising the Chinese government to reduce US debt holdings. And there has been no promises from China to buy more US debts so far, because it makes no sense to bail out the US while China is being threatened with further economic/tech sanctions on top of the existing unilateral sanctions violating WTO rules.
@lazarusguan2388
@lazarusguan2388 14 дней назад
China's decision makes sense. Why lend a helping hand to a bully who would mutilate it?
@brandtbollers3183
@brandtbollers3183 14 дней назад
Charter of U.N.Sanctions are Solely the Matter of the UNSC.Alone.All others are illegal.
@davidrichards1741
@davidrichards1741 13 дней назад
Gold has doubled in value against the USD in just a few short years. Meanwhile, long US Treasury bonds have lost over half their value as everybody jetisons that worthless junk.
@cliffgaither
@cliffgaither 14 дней назад
Yellen wasted her frequent flyer miles going to China to scoll Her about Her powerful economy ; now, China has dumped us currency. She [ Yellen ] must have flunked international diplomacy.
@albertlowtengdak6511
@albertlowtengdak6511 14 дней назад
She is a failed student!
@massivecumshot
@massivecumshot 14 дней назад
Members of the 'chosen tribe' can never admit they are equal to anyone.
@psxtuneservice
@psxtuneservice 14 дней назад
Maybe shouldnt have been drunk on a state visit
@teatree6228
@teatree6228 14 дней назад
She boosted the tourism industry for China- she enjoyed beer and good cantonese dim sum- her next trip- see pandas and go Xinjiang to enjoy the culture and music, tang dynasty at xian, muslim culture in Ningxia, climb the Great Wall and visit the Forbidden palace
@paularnold1930
@paularnold1930 14 дней назад
Yellen is an ex teacher NOT an economic expert or diplomat
@Cinepobrefilmfestival
@Cinepobrefilmfestival 14 дней назад
"make gains at the expense of others" what an original concept.
@user-ob3ce2le2o
@user-ob3ce2le2o 11 дней назад
Wenn es um Schulden zurück zahlen geht, droht man mit dem Krieg. Originell? Bis jetzt hat es funktioniert
@johnmatthews8810
@johnmatthews8810 14 дней назад
Excellent presentation Ben. The clock is ticking on US global hegemony.
@user-ho4fo7fv6p
@user-ho4fo7fv6p 11 дней назад
Maybe in next 100 years loll
@johnmatthews8810
@johnmatthews8810 11 дней назад
@@user-ho4fo7fv6p More like six months lol
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
@@user-ho4fo7fv6p Nah you can see the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough.
@tia904
@tia904 9 дней назад
Too big to fail. Ch has huge trade interests there.
@helios4u2
@helios4u2 14 дней назад
ALL COUNTRIES MUST REFUSE THE US DOLLAR AND DEMAND TO BE PAID IN A CURRENCY CONVERTIBLE INTO GOLD, OR IN GOLD DIRECTLY. THE US DOLLAR IS NOW WORTHLESS AND US DEBT MAKES IT A CURRENCY THAT IS BEING DEVALUATED MORE AND MORE EVERY DAY.
@royalindiann
@royalindiann 14 дней назад
We warned them that the fake wars to delusionally conquer (steal) people's land would backfire and the larger nations that have thousands of years of experience in intelligence and war (America is about 200 years of a nation) would destroy them and crash their currency. Now look ... The Dollar is crashed, every nation is turning against NATO and USA, borders open, nation in record debt, the people of the nation are harming children, the nation lost all value and morals in every way not just in their currency. The currency reflects the people of the nation and their intelligence. Sad. Shouldn't of picked on and bullied foreign nations and their people. Now look at their nation and their people. Tisk tisk. Let's watch them save themselves, I mean the dollar
@jorgebarriosmur
@jorgebarriosmur 14 дней назад
Gold is good, and usefull......if things go southwards to a certain degree. But if things go totally southwards, gold won`t tell you how to purify water, you won`t be able to eat it, or plant crops on it, and it will not defend you (unless you throw it at somebodys head)......and nobody will want it or give you something in exchange...... It is as simply as to avoid putting all your eggs into the same basket......just in case......
@lazarusguan2388
@lazarusguan2388 14 дней назад
@@jorgebarriosmur I agree with you. What humans cannot survive without is air, food and water. Warm clothing for those living in cold areas. Skills and knowledge are definitely more useful than money and gold in a totally south situation.
@jay429429
@jay429429 14 дней назад
Gold ewwwww, Too heavy... I wonder if there is a digital solution hmm... Perhaps a digital gold that no one can control or take away from you. Dang I wish we had something like that.
@paulbyrne7015
@paulbyrne7015 14 дней назад
Well, look on the positive side.....they've printed SO much of it, they'll never run out of toilet paper...not for a few grnerations anyway! 😊
@Winter_Jasmine
@Winter_Jasmine 14 дней назад
Good news.
@DavidLee-ie7gv
@DavidLee-ie7gv 14 дней назад
Love your comments, it's sharp, clear and simple English for us to comprehen.
@johnk1532
@johnk1532 13 дней назад
So happy to see the end of the Anglo American empire. We used to be free. Now, thanks to the greed of our "elites" we have become a shit show
@tuppenceworth5485
@tuppenceworth5485 14 дней назад
Yuan is backed by gold. Dollar is backed by the printing press.
@OmarOsman98
@OmarOsman98 14 дней назад
Yuan is not backed by gold lol
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other country is no more. every country should be free.
@Iiililillllilililijiijilllll
@Iiililillllilililijiijilllll 14 дней назад
Yuan is backed by ducktape and cooked books at every level of the ccp
@7divad37
@7divad37 12 дней назад
@@OmarOsman98 China is estimated to have over 20,000 tonnes of gold compared to U.S. 8,000 odd tonnes. Only 1 of these countries would be capable of backing there currency with gold....
@HKChineseCanadian
@HKChineseCanadian 14 дней назад
Love Ben Norton. The US dollar is not worth the paper that it is printed on.
@susanpetropoulos1039
@susanpetropoulos1039 14 дней назад
And we thought selling farts in a jar was a joke when we should have realized it was an honest reckoning of the death of the US$
@laowantongchau
@laowantongchau 14 дней назад
@@susanpetropoulos1039 No joke. It is called LNG and the US is making loads of money from the not so bright Europeans after the US bombed the Nerd Stream pipelines.😂
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other couhtry is no more. every country should be free
@sandiliawi5225
@sandiliawi5225 13 дней назад
😊
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
@@DCRelaxingrainsoundsleep54 yes it is a must. Why? Using the USD is making yourself poorer. For example in Indonesia (not my country) in 1997, 1 USD = Rp 2,000. When Soros came, 1 USD = Rp 16,800. Thus Indonesians wealth were discounted Rp 16.800/Rp 2,000 = 7x overnight. Meaning Indonesians were being poorer 7x before a night Soros came and manipulated USD. In Venezuela is more extreme. Again Venezuela is not my country. Last year, 2023, 1 USD = 2,722 Bolivars, Now 1 USD = 31 million bolivars. Using dollars just make the rest of the world poorer. So the best way to make your family poorer is by stay away from the trouble makers. Don't buy oil from countries who sell it in USD. If your country does, it just makes the rest of the world poorer and the USA hegemony lives forever.
@kaydub4788
@kaydub4788 14 дней назад
This is probably the single best video I've seen on de-dollarization. Well-researched and logical. Many other videos on the subject have the additional agenda of shilling for cryptocurrency or gold. Well done.
@GreenIsland38
@GreenIsland38 14 дней назад
Excellent information and reporting from G/E. Thanks Ben, stay safe and keep it coming.👍👍
@realdeal7074
@realdeal7074 14 дней назад
WTF. HOW IS IT OK TO STEAL SOMEONE ELSE'S MONEY?!
@susanpetropoulos1039
@susanpetropoulos1039 14 дней назад
Think Godfather type bullying is just for local gangs and cartels?
@inbuckswetrust7357
@inbuckswetrust7357 14 дней назад
The Anglo-Saxons and others have been doing this for CENTURIES.
@Colleen222
@Colleen222 14 дней назад
In the Western world's it's legal to steal money to feed their neocolonial systems! The 5 eye countries and Europe work in unison to justify their neocolonial atrocities locally and abroad, abusing that US dollar to hold the world hostage!
@Colleen222
@Colleen222 14 дней назад
The 5 eye countries and Europe have neocolonial systems that benefit Western hegemony!​@@inbuckswetrust7357
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other country is no more. every country should be free
@sandponics
@sandponics 14 дней назад
US default coming soon. You had better start growing your own food ready for when the farmers all go broke and stop farming.
@AzizAziz-lc2qk
@AzizAziz-lc2qk 14 дней назад
China has win/win cooperation while US has win/screw you over hard cooperation 😆🤣
@joshuakelleher-bw5dg
@joshuakelleher-bw5dg 14 дней назад
As a US Citizen, I have been preparing for the worst here. Most people I know pretend like everything is fine, despite record inflation and the dollar being devalued 25% in just the last 3 years alone. I’m doing what the central banks and BRICS nations are doing. I’m also prepping and getting out of the USD.
@johannakamstra-schickendan7380
@johannakamstra-schickendan7380 14 дней назад
Interest payments on Credit Card debt today is 20.6% good luck Americans the party is over, also in Europe.
@ELPrimoRuben-wi2lk
@ELPrimoRuben-wi2lk 14 дней назад
I need a few documents to open up a Mexican bank account, I'll transfer my money over to my Mexican bank account. And when it gets bad, I'll move to remote México.
@joshuakelleher-bw5dg
@joshuakelleher-bw5dg 14 дней назад
@@ELPrimoRuben-wi2lknot a bad idea. I’m gonna stay in the US and weather the storm. Not a bad idea to have that option to get out of the country though.
@carlosmejia5728
@carlosmejia5728 14 дней назад
​@@ELPrimoRuben-wi2lkUse XOOM to transfer from Bank to Bank and don't tell anyone....I did so and moved the hell outta that country ....if you don't move fast skyrocketing inflation is gonna leave you pennyless.
@VChong1991
@VChong1991 14 дней назад
@@joshuakelleher-bw5dg never judge a country of its GDP. judge a country to its purchasing parody power. If you can live comfortably in a country you can do it in any of the non western countries. Westerners and their greed would only lead to ruin.
@watduh123
@watduh123 14 дней назад
This guy so right. Usa bonds is worthless debt.
@DF-dd5nf
@DF-dd5nf 12 дней назад
I always enjoy watching your videos. We are lucky to have you. ❤❤❤
@philiplow2134
@philiplow2134 14 дней назад
Why countries never learned lending money to Mafia.
@royalindiann
@royalindiann 14 дней назад
Ha ha ha we the people witnessing the comedy show of battle warned them 😂
@laowantongchau
@laowantongchau 14 дней назад
Sometimes you have no choice because the Mafia is your " Protector" or...colonizer , like Japan..
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other couhtry is no more. every country should be free
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
If you the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before.
@ace9840
@ace9840 14 дней назад
Why would you want to hold a currency that loses value every day.
@David-or7il
@David-or7il 13 дней назад
The U.S. can survive by cutting spending. This government has no restraints, which is one of the major reasons we're in this bind. Example: we sent 500 million to an African country in order to fund the purchase of bicycles for it's citizens. We as Americans have no idea what their spending money on. Another example is that Biden could have prevented the war in Ukraine from starting. Unfortunately, he didn't have the spine to do that.
@Rich-yj7gr
@Rich-yj7gr 12 дней назад
Cannot say that average American is reach. Can you imagine what happens if entire world stops using the dollar as a reserve currency?
@Cruelaid
@Cruelaid 14 дней назад
Let it rip ✊
@birdyashiro1226
@birdyashiro1226 14 дней назад
Not rip, they have to pay up their sin.
@sunshadow9704
@sunshadow9704 14 дней назад
@@birdyashiro1226pay to whom?
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other country is no more. every country should be free.
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
@@sunshadow9704 If you the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before.
@ajmaeenmahtab8456
@ajmaeenmahtab8456 14 дней назад
A lot of Americans will become poor.
@martinsiloh704
@martinsiloh704 14 дней назад
They won't become poor from dedollarization, they will go broke from stupid genocidal wars and sanctions in middle east, Asia, eastern europe and Africa. The dollar will just become like every other currency of any other countries.
@Lucia-sy7le
@Lucia-sy7le 14 дней назад
Correction...poorer.
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other country is no more. every country should be free.
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
@@DCRelaxingrainsoundsleep54 If you the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before.
@user-xq8qx6bg2j
@user-xq8qx6bg2j 14 дней назад
❤❤Thanks Ben for the report.. wish you well in your studies🙏
@marques10010
@marques10010 13 дней назад
You've got a new sub... Thanks for the unbiased information!
@user-qr3uk5vw6k
@user-qr3uk5vw6k 14 дней назад
Good for global economy as there will less economics colonization by US
@hansjorgkunde3772
@hansjorgkunde3772 14 дней назад
Hoarding resources is usually a sign to prepare for war.
@simonkong4888
@simonkong4888 14 дней назад
It is crazy that Japan bought more USD bonds when its own currency plummeted
@lilacer6841
@lilacer6841 14 дней назад
Ryssia only has 6 billion in assets in US. The 300 billion is in Europe. Russia has already seized asseys of JP Morgan in Moscow
@eymaslacker
@eymaslacker 14 дней назад
Who could have guessed that customers (of securities) didn't like having promises broken, sanctioned for doing too well and getting slandered. Its definitely the customer's fault
@oscarreidd5336
@oscarreidd5336 14 дней назад
True .
@raquelbrac8497
@raquelbrac8497 14 дней назад
Yes, we are now living in a society where the customer is treated like he/she doesn't matter. Now I realize that the message, as usual, comes directly from the top.
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other couhtry is no more. every country should be free
@3vil3lvis
@3vil3lvis 13 дней назад
@@DCRelaxingrainsoundsleep54 The word you are looking for is sovereign, and that is the opposite goal of China: They would make vassal states of everyone they deal with, you need only look at the terms and conditions of the Belt and Road initiative to see that they want ownership of everything they build.
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 13 дней назад
@@3vil3lvis china not kill anyone. china believe in equal opportunity to all country not like america. we see american hypocrisy in last 20 years. world power is changed. in resent time we see world power is not single polar world power is multi polar
@SR-mj3hk
@SR-mj3hk 14 дней назад
Big fan of Ben Norton , amazing skill on explaining the geopolitics - From India
@user-gg9wp3qp9p
@user-gg9wp3qp9p 14 дней назад
Thank you for all you do
@beachfrogg
@beachfrogg 14 дней назад
To peg your currency to a fiat currency you go up and down with it. To value against gold sets your currency to a value
@rogerburn5132
@rogerburn5132 14 дней назад
Exactly Gold is Money the Rest is credit - - JP Morgan
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other couhtry is no more. every country should be free
@creative_mindsrus1541
@creative_mindsrus1541 14 дней назад
America should've focused on being a self sustainable and not the easy way out.
@user-ow7uj2yz1n
@user-ow7uj2yz1n 14 дней назад
USA CHOULD JUST HAVE RESPECTED OTHER COUNTRIES INSTEAD OF CREATING INVISIBLE ENEMIES AS AN ECSCUSE TO ATTACK THEM.
@Lucia-sy7le
@Lucia-sy7le 14 дней назад
Trump tried in his first term. They would have none of that.
@grandwonder5858
@grandwonder5858 14 дней назад
Crooked Trump gave a speech three months ago in which he was bragging about he would have gotten free oil from Venezuela and Iraq instead of having to pay for it if he were the president right now! Meaning he would have simply invade Venezuela as well as Iraq again to steal their oil instead of paying for it! So I don’t know what sort of peace that he was trying to create that you’re talking about! You Magaheads sure know how to lie for your orange god!
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other couhtry is no more. every country should be free
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
@@user-ow7uj2yz1n the stupid is why the world is happy when the USA has made them poorer through petrodollar? Why can't it by oil from countries who dont sell oil in the USD such as Russia? If your buying is not urgent, your country can buy when petrodollar is over called manipulating USD demand. This petrodollar cannot stand over 1 year or 2 years in history. Thus waiting will make the demand of the USD dropped as no one wants to use the USD anymore. If you the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic has been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before.
@johnyan836
@johnyan836 12 дней назад
Japanese Yen and Euro wished to replace USD for decades. And what happen now?
@jarosawwieczorek3684
@jarosawwieczorek3684 13 дней назад
It' s a first step to replace global hegemony of the pax americana with multipolar world constisting of many powers like China, Russia, India, etc.
@charlesmathenge528
@charlesmathenge528 14 дней назад
My country in Africa too last year talked with the gulf nations to buy oil in our currency and not the dollar for a period of time... And west Africa has started blocking sales of important minerals the west needs especially France so goodluck to these countries.This is promising
@NopWorks
@NopWorks 12 дней назад
Go ahead Africa, get the wealth & development you long deserve! Cheers from Southeast Asia.
@Venezolano410
@Venezolano410 11 дней назад
Better France than the USA.
@MSDGroup-ez6zk
@MSDGroup-ez6zk 10 дней назад
The world should stand behind China and Russia against the USA as now the USA export its inflation world wide. How? Do exactly what the world does to Europe, never sell cheap to the USA, never trade with the USA, never buys the USA products and use swap currency for trading. To import the world can use the cheapest world currencies such as Yen and for investments can use the world most expensive ones such as Euro if swap currency is impossible.
@dimasrahardja
@dimasrahardja 14 дней назад
China does not seek world dominance; instead, it seeks to build up a better world in which every nation is equal and prospers. World dominance and colonization are Anglo-Saxon mentalities.
@POLARTTYRTM
@POLARTTYRTM 14 дней назад
Are you kidding, right? I'm very pro BRICS but I can't understand how China and India exists inside the same block where they are supposed to be partners when they are always 2 step from a war.
@F_Liu
@F_Liu 14 дней назад
Absolutely. Mutual respect and win-win cooperation are China's foreign policy. China's business is business, when the world does well economically, it is good for business. On the other hand, the US business is perpetual wars and destruction, it holds onto its hegemony by suppressing the growth of all other countries, a very backward mentality.
@kimmichaels899
@kimmichaels899 14 дней назад
😂😂😂, that's a wash if I ever saw one.. push it!
@kevindahlenburg6014
@kevindahlenburg6014 14 дней назад
Even the AI is brainwashed…..
@Shadowless_Kick
@Shadowless_Kick 14 дней назад
China has never had a war with any non-neighboring countries since its First Empire 2200 years ago. Seven Chinese fleets with up to 317 ships and 28,000 crewmen each sailed all way to East Africa between year 1404 ~ 1433 but did not colonize an inch of foreign land. Search for “Zheng He” yourself.
@louiszubieta2073
@louiszubieta2073 14 дней назад
Another masterclass,thank you Ben.
@apakansaja8505
@apakansaja8505 14 дней назад
*Want to trade with China and Russia...??? Buy first Yuan and Ruble... err... with Gold. Physical Gold.*
@BeijingBuzzz-China-Travel
@BeijingBuzzz-China-Travel 14 дней назад
Good news - a sea change is underway ... The BRICS is ikely to go with two baskets : a basket of currencies, and a basket of resources / commodities.
@achangyw
@achangyw 14 дней назад
Waiting excitingly for that to be fully realised.
@Vievhyperactief
@Vievhyperactief 14 дней назад
Love it 😇
@royalindiann
@royalindiann 14 дней назад
😂 you know what
@grandwonder5858
@grandwonder5858 14 дней назад
With the way the US acting more and more like a belligerent punk all the time soon the US will become a homeless hobo holding a basket begging for pocket change!
@DCRelaxingrainsoundsleep54
@DCRelaxingrainsoundsleep54 14 дней назад
de dollarisation is must for world. america dictation on other country is no more. every country should be free.
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