Is the Dollar Doomed? 

Unfortunately, that cancer was your lungs, liver, and kidneys, so you die. The Fed and our legal system serve as our vital organs. Removing the Fed is how you get corpo wars, chaos, and corruption. Not to say the Fed is perfect, but it's a much better alternative.

nice ~

Where!? 👀

Healthiest man in the cancer ward.

True Statement 💯

THIS.

It's called gold backed currency.

The US is actively backing the euro. I`m Bulgarian and the US government owns basically 60% - 70% of Bulgarian media either directly or through useful idiots that they directly sponsor with millions of dollars. The US also creates and sponsors its own political parties here. This week internal party leaks came out where we hear the party leadership discuss how the evil Americans want to get us to join the eurozone even though 70% of the population is against it due to national pride and fear of inflation. The US embassy has also bombarded the media with official statements how they want us to join the euro. Personally I don`t care much about the entire world but my country could easily trade with Singapore dollar, Swiss frank and gold which we probably should given how disgustingly you`ve treated our Russian cousins.

Gold and Silver is the Alternative

question is. how will the dollar system fall. the united states has it tied to many of the "developed" countries

@@sinoroman The dollar system fails when people choose to not store there wealth in dollars. It's not countries... It's individuals like you and me that make the change.

@@TheBastyPastyShow AFAIK the problem with gold and silver is, there is not enough gold and silver. That means gold standard would lead to deflation, which would trigger recession or even depression.

It would not be regarded as having a "profoundly unique" anything because that would be 200 years of it's Enemies writing about it.

Parts of the Roman Empire were in Asia and Africa.

​@@Rensune The barbarians wrote about Rome after it fell, and yet the West, the literal descendants of those barbarians, know so much about and idolize Rome. Give it some time and history transcends political borders

@@ante5544 The germanic barbarians came and destroyed western Rome, because the knew of it. Wiking warriors went to eastern rome - because they knew of it.

It will be seen as another, albeit one of the most powerful empires of the past if it declines today, like how Britain is now coming off of their British Empire.

2% inflation.

Eh don’t buy that poison, make your own food.

@@bradleypeterson2208 problem is the price of most grocery in Canada is insanely expensive these days , damned if you do damned if you dont

Mc donalds to increase prices to increase wages

The point is: price has increased 229% since 2015

Argentina's facts

test

As if china is handling things any better

@@verrico7536 The difference is that their rate of inflation is trying to catch up with the rate of economic growth, not the other way around:)

​@@disketa25 I think China owes far more compared to their GDP then America same with Japan.

what is the corruption case he’s referring to, the recent election? What’s it like down there?

What was this corruption case? And is it confirmed true?

@@darklung3441 It was something that happened in the during president Dilma's second term. Even the current president went to jail because of it. The country is now divided between left and right and many can't see a peaceful way out of it

That's what happens when you elect a convicted criminal as president

@@jakinboaz8558 No, it is right-wing bullshit.

The real reserve to the US dollar is the fact that our military will come kill you if you don't want to use it.

people dont understand valuation fundamentally

As long as you have compliance….

The USD is backed by trust in its future. Trust that America is the most secure nation in the world and its wealth won't be harmed Trust that the U.S. can forcefully confiscate assets its owed in times of disagreements or conflict Trust that the U.S. won't confiscate your assets as long as you abide by its standards Trust that the U.S. is a free market that allows businesses to have healthy competition by protecting intellectual rights and discourage monopolies so that they can continuously innovate Trust that the U.S. economy will continuously grow and innovate Trust that the U.S. can and will continuously pay back its debts Trust that the U.S. central bank is a semi-independent agency, not controlled by the government so one reckless president doesn't run the currency into the ground Trust in its sheer economic size so that the USD cannot be manipulated easily even when multiple entities try to attack it Despite all it's flaws, the USD is still the most trustworthy currency in the world and no other currency comes even close to its stability. The U.S. does not force countries to use its currency. It's just the best standard the world has for trade. The most ridiculous statements I hear about China is that they're holding U.S. bonds as a favor to the U.S.. It holds U.S. bonds because there is not a lot of great investment opportunities for that amount of money and because their own currency is dogcrap which the USD helps sustain. The Chinese have discussed weaponizing their U.S. bond holdings by flooding the market with bonds but that will only make the market pick up the cheap bonds. Also, the U.S. has threatened that if the Chinese do such acts out of hostility they will cancel their holdings with the Qing dynasty railroad bonds since China claims that it has inherited its authority. If the USD was such a bad currency, the Saudis would not be holding a trillion of it despite it continuously losing value ever since the U.S. went off the gold standard. There's just not a lot of ways you can invest that much money.

Other countries don’t pay taxes in USD. We are talking about world wide usage here. You discuss domestic usage.

Yeah, I understand why people call him doomer, but I feel like he has done a lot better with this from 6 months ago

@@mrbarkingdilly2236 People call him doomer? Where? Discord?

i feel like he does fall into the trap of focusing too much on the bad, partially out of human nature to see the bad more, but also maybe to keep views. you know how much bad news sells. i mean yes things will get bad, but the united states still has a lot going for it. geography is perfect, it has multiple international ally chains if even some members break away, stable birthrate, high agriculture production. even with the dollar maybe falling off its not as if the world will end. things will not be great, but there won't realistically be any starvation, simply just a reduction of luxuries that we really didn't need anyway. i don't need the random candy i buy, nor do some people need that new car, new clothes or other random things. in some ways perhaps this collaspe is what finally helps america be a more humble nation and more frugal, rather than the excesses of the 1950s that have really continued through the 80s and onward today.

The opinions on this channel are bias and basically US propaganda. It literally ignores >50% of the world which is where growth is coming from. This was not so 10 years ago… The world is changing.

like when he said the world would run out of food starve last winter and it didn't happen? He makes up doomsday scenarios for clicks

Math is admittedly not my strong suit, I however understand enough Math to know that the Federal Reserve is a glorified cartel that is robbing us blind through a de facto inflation tax.

Barter will become king

"Money" isn't allocated by merit in fixed currency or in a barter system either.

Not really in fact 99% would be glad it's there because it's mutually beneficial for everyone.

I mean not the women I know

Wow!

Completly wrong, inflation is a tax on those that have NO debt that gets paid to people that HAVE Debt... Like Governments and businesses with leverage. Poor people have only little leverage and wage isn´t tied to inflation unlike company profits that per definition will have to go up in nominal terms even if the markup is the same

china better

ESG isn't just silly it's social engineering to bully everyone into line for their woke agenda designed to decay the fabric of western civilisation and cause further divide amongst the masses, divide and conquer.. the bosses of ESG need a Nuremberg trial

Learn real skills. Understand food. Know your neighbors. Have kids.

@@nickgarnero9843 I'm not sure about the last one. With dark age looming in the future, kids should be the last thing on your mind. Having no kids will allow you to be more flexible.

@@MrSandro141 Educating your kids properly would allow us to evade this mess that we live in currently in the future.

@@MrSandro141 there is no future without having children. Fear not!

​@@MrSandro141 And, also allows you to die alone and with regret. Not to mention, that children are the only retirement plan in times of crisis.

Exactly. When everyone is blind, the one-eyed guy is king.

Ask Russia after they had their dollar reserves stolen. The whole world saw that and concluded the US can no longer be trusted. It's also a fiat currency backed by nothing other than the threat of violence.

Gold is the alternative, not a new master.

Precious metals are a universally-accepted and fundamentally useful currency with a naturally-imposed printing rate. I can see it making a comeback.

CBDC backed by WEF/UN

It's the same problem we have here in America; even after the blatant corruption and injustice, and all the humiliations, everyone is still too afraid to lose the little comfort they have left. We may talk big with our guns, but no one is willing to use them.

Brazil is a look into the future for the West.

Os EUA teve invasão no capitólio, além de divisão racial bem pior que o Brasil. Tst

Basta vê vídeos do Wallmart lá...caos

@@chico9805 I believe it is india

Cringe. Buy productive assets not silver

Anything is valuable as long as you can buy things with it

You’re so American 🤣🤣

​@@benchoflemons398 such as? most assets depreciate. gold is pretty solid investment.

*to pay woke agenda.

Well there isthe theory and then what Governments actually do. If policy needs to be tightened according to MMT, would any government do that before an election? - especially given how much interest rates have gone up, and not even followed inflation to its fullest extent. It's like Keynesianism. Borrow in bad times and repay in good. Sounds good in theory. Except what governments do is borrow, and then borrow even more.

You cant correct a system based on a lie. It wont ever be sane. Paper Money Is a lie. Usury Is a rigged system, therefore banks printing Money as intrest loan Is deeply flawed and rigged. Therefore there Is no way to make It work

Exactly! So many seem to misinterpret what MMT means. The author of this theory (Kelton) mentioned numerous times that money printing only works when inflation is low. Although one flaw I think with MMT is that inflation was kept abnormally low over the past decades because of good demographics and globalisation. Now the gravy train is ending, and I think inflation is going to become particularly sticky as poor demographics push up wages and deglobalisation increases the costs of production as well, alongside the consequent worsening in geopolitical stability worldwide. MMT would've been a perfectly good solution had it been properly applied a few decades prior.

I remember when I first learned what MMT first meant/what it entailed I was like “Wow, what a spectacular idea that will never be implemented” lmao. It DOES have merit, but in a country where the two political parties are largely only concerned with fighting a culture war for votes while silently extracting as much wealth into their own pockets as possible, where one side has LITERALLY been holding the global economy hostage for political leverage, the assumption that Congress could ever agree on when to remove/add money to the economy at any time EVER is truly laughable.

Printing doesn't cause inflation. That's just a liberal myth. What causes inflation are crisis (which are cyclical in capitalism) and the resultant lack of commodities and increase in labour costs. The result is an increase in costs. If the commodities in the market start to increase via optimizations in the line of production the inflation goes away, and these optimizations can be done by currency emitting.

No it won't, sorry.

@@alloutlife88 why wouldn’t it? If we need to keep our economy up, we would have to produce things people need. Thus it is a necessity to bring it back.

​@@theredknight9314 because of cost.

@@rizkyadiyanto7922 well maybe. Probably not though because it would become yo expensive to ship across the sea. If the US dollar is no longer the reserve currency then it would cost more to make it over seas then make it in the US.

@@theredknight9314 We'll probably see a boost in manufacture if value of us dollar continues to go to shit as you said, what it won't do is stop the liberal order and consolidation of power because it's in the government's interest to keep things as they are and thus remain in power. They have no incentive to change things because the only ones who are gonna feel the consequences are as always, the working class, not them.

Yeah, but in such a financial crisis, where everything is upside down, that is one thing that the government could do to win back approval.

@@shorewall Well, I for one would not mind the government taking an axe to that overregulation and reducing immigration.

​@@shorewall Government winning back approval by stopping immigration entirely and starting mass deportations... Only in my wildest dreams. They'll probably just keep catering to minorities forever instead.

Also market manipulations of hedge fonds does not help too.

@@heyhoe168 true but the three sources I listed are literally 90% of the source of the problem in repeated studies.

Japan is definitely within the American sphere of influence, so how far removed is Japan from securing US strategic interests?

Yes Russian capital was a poisoned bullet, USA confiscated 300billions (less than a year of Russian gas revenue) but inflicted a lot more damage on themselves - non western countries started to dump dollars, US assets, and leave US systems

@@sinoroman Well considering Japan conducted an intervention buying program for a record 63 billion last fall to defend the yen without having to raise rates (first time since '98), I'd say their currency is more important to them than perpetuating the US' monetary Ponzi.

" the US' confiscation of Russia's capital has really displayed to other countries what will happen if they don't toe western monetary lines." If totalitarianism and country-gobbling spread, they'll be worse off than any inconveniences of toeing Western monetary lines.

@@sluggo206 lol enjoy eating bugs and changing gender in your "free 😂 county"

I always knew. He has childish points. “Non-western world doesn’t hate conflict”. This white ass is still living in 2002. >90% of wars are started by west in last 100 years. And the west hates conflict? “America won’t steal your money so you can put your money there”. USA is literally the only country to confiscate other country’s wealth in the last 50 years. See Russia recently. So many other BS points in this video. You low iq bums found your “analyst”

Very impressive for a 21 year old

This guy is a 20 year old college drop out "historian", take everything with a hint of salt

@@SisckoImper well who says that you need university/college to be educated and successful

@@ZakSword_TxS I never said you can't be educated or successful, but you shouldn't trust most people that aren't historians to actually give you a complex history lesson.

@@SisckoImper well you just proved my point. Educated = having a university degree on the subject

@@ZakSword_TxS Restate your sentence, you made no sense.

Are you implying that both Bretton Woods and the Gold standard were flawed global systems?

For real. Like this video said, every country is manipulating their currency to lower its value, so they can export and make money and have jobs. The US dollar being strong does not help Americans, except in buying cheap crap from China. Our Industry left, our jobs left, and we are struggling to make ends meet. If the Dollar goes down, it becomes cheaper to have industry in the US, more jobs, and more exports.

@@shorewall Absolutely, and since the US (really all of NA) already has a lot of the natural resources (with a few missing) it needs for a modern economy, it would become an export powerhouse. So few Americans actually benefit from the current system. It seems only large banks, executives, n the defense industry benefit.

Peter zeihan, love him or hate him, points out just how royally screwed the world is without the united states, the us polices the shipping lanes keeping state sponsored piracy down, the usd's strength let's other countries avoid the worst case scenario and mass famine, the usd being the world currency also allows nations to take on debt to fund projects, if the us or the usd fell, the world would fall into chaos overnight. Of course this is not even getting into the fact that the us has essentially prevented far more wars than it's started, without the us around, china and russia would have been on a expansion spree decades ago.

On the other hand it forces them to sell commodities internally thus helping the general population.

Oh don't worry he will, in fact this seems to be a repeat of the 70s it feels, crazy politician (Nixon/Trump) and one lame duck president (Carter/Biden).

​@Quinn Johnson only Trump doesn't have a real scandal they can sink him with, so he won't be set aside like Nixon.

@@quinnjohnson9750 I think you are misevaluating Nixon. He was a Rockefeller Republican, and quite willing to go quasi-socialist on domestic economics. He was quite bad on civil liberties, so as a near libertarian, I think he had the worst features of both parties. Trump is too much of an active issue for anyone to be reasonable, but he has been strawmanned a bit much.

@@tomhalla426 I wonder how many people know Nixon created the EPA.

We didn't learn anything from the carter years look what got back in .. Biden and the socialist democratic party. And now the economy and the moral fiber of the country is spinning down the toilet again.

BRICCS is a joke

People criticize how the dollar was weaponized against Russia for invading Ukraine. Do these same people not think China would do this to the nth degree of the yuan was king?

Dollar won’t be falling in our lifetimes

Yeah, barring a black swan event, I don't see the international system the US built falling anytime soon.

Cool it with the hot takes but yea even if the dollar won't be the reserve currency forever it's not like there are other alternatives, maybe we'll see a return to mercantilism and bilateral trade

The meat riding is CRAZY

JJ is a fed boy lmao

Sounds like a nova idea

Already exists and is just as vulnerable

Sounds like an Ed Ed n Eddy episode.

dear god, here comes the corp wars.

Peace out where? The US is more or less the least bad place you can be in the event of an economic collapse.

Get trade skills, get education, get letters of recommendation. The ability to do work will ALWAYS be valuable, even if the past things you worked for (like money or benefits) won't maintain their full value.

What industry are you in, if you don't mind me asking?

@johner3364 Barring nuclear war? He's 100% correct.

Same bro same.

That's what they said 100 years ago

Same, about to graduate college by the end of this year and I see how we are about to enter Great Depression 2.0 and also a 2nd American Civil War along with it. it makes me fearful and hateful that I was born around this time and how fucked over I am and how only in the end it will be the next generation who will have a good future and not me. it pisses me the fuck off.

​@James Lopez ugh ahhhhueuue they said it at another time so it's never true uughhhhuuuu

@@quinnjohnson9750 You'll get through, it just means your middle ages will be the best and not your twenties and thirties, which isn't as sexy (especially if you're a woman) but its better than living a life of pure misery.

@johner more than you'll ever have in your life

@johner enough to pay for an education you clearly didn't receive

Considering the current debate for dollarization, let us hope nothing happens with the US dollar within the foreseeable future.

Exactly! And don't forget that the yuan is more or less pegged to the dollar (the exchange rate barely changes), so it's not even an independent currency.

The first 3 make sense, Somalia idk tho. Somalia is probably included on the list from the sheer fact there’s no government to regulate the minuscule amount of businesses located there.

@@FunkiyI actually can say Somalia is one of the most free capital markets; little laws and regulations, notable ones being religious laws such as producing alcohol, pork and environmental damage. I actually have a couple businesses in Somalia one being a farm and I’m expanding yearly into different agricultural markets. The reason is Somalia’s history in trading with the Chinese.

anarchy is total freedom

@CCLUCI Does somalia have any of those predatory loans with China? Not saying american Gov. Isn't predatory either but I'm just curious. And it sounds interesting man. How is it there and the government in Somalia lately. Have they felt the impact of the Ukraine war with good yet?

@@alfoster09 To my knowledge Somalia doesn’t have a big outstanding debt to China at the moment. There is a rich cultural history between Somalia and China since the Silk Road. It is good in Somalia a lot of opportunities that are not appreciated enough, such as our position the Horn of Africa. There are developments being made to the ports and roads and logistical sector. It has been good the government is corrupt at times but not overreaching its judiciary as we Somali people are, free and don’t like meddling from government in our day to day life. There has been a shortage of grains since we import close to a 100% of our grain from both Ukraine and Russia, the people have received humanitarian aid from China and more is being sent.

a) It's not true that almost all debt is in dollars. b) a dollar collapse would make it worthless and therby the real value of the remaining debt would be very low c) It's a stretch to assume that in such a case, bonds would still be paid back.

Surely at that point everyone would default? What would the USA do, invade the entire world?

I'm not sure. The Saudis have a trillion of USD in holdings. The only reason they took Yuan for payment is because the U.S. is pulling out and the Chinese offered military protection and peace deals with Iran in place of the U.S.. As you probably know, the Saudis don't trust their population to run the military so they're always outsourcing the most important aspects of it. The Saudis would much rather have the U.S. stand instead of it go down. Yes, they have a complicated relationship with the U.S. but that's the price you pay for hoarding all the wealth of a country.

One analyst described Saudi Arabia more or less working with the USA and using the dollar as a means to gain protection and sort of swear fealty. I think that if you put a gun to their head the Saudis would side with the Americans, but since they are are relatively small nation with almost ZERO natural resources they will try to placate everyone as best they can.

@@thedukeofchutney468 Saudi Arabia would be the best kind of ally you can get, after pointing a gun at someones head. ;) "Zero" natural resources .. probably not the right description for saudi arabia. They have at least one - and a lot of it.

Saudis still need to attract Western capital and talent in order to build their useless vanity projects, not to mention the need for Western tourists to diversity their economy. Like others mentioned, they have invested a lot of their export money into Western assets so they actually have the ability to exercise leverage against the West, however, they have little leverage against China who can shop around for oil from Russia and Iran. So in the long term it doesn't seem that the Saudis would prefer the Chinese over the Americans, whose allies still need the Saudis. This is before we even consider that the yuan is broadly linked to the dollar, thanks to capital controls, so Saudi Arabia doesn't have to do much guesswork here - it's still the same currency.

@TylerDurden-pk5km They have Oil, but that is far from stable. Plus money means very little when you have no farmland or water. Plus getting their oil to other markets like China also kind of assumes that the Americans are going to keep all the seas relatively safe for trade, which looks unlikely. Furthermore, if they want to transport it over land not only is this insanely expensive but unlike Russia there are well over a dozen fractured and putt right hostile nations between China and Arabia, plus massive natural barriers including the Tibetan plateau and the tallest mountain range on earth (the Himalayas) as well as vast desserts. So all in all oil alone won’t solve much of the Saudis problems.

The problem with the AI argument is just that it’s a big “what if” we don’t really have any tangible evidence that this shift to AI is coming, that if it comes it will be as revolutionary as many say and the if it comes how it will affect the global society. I see a lot of engineering nerds acting like AI is some kind of silver bullet that will replace all jobs from being a factory to teaching all of which I am skeptical of at best.

​​@@thedukeofchutney468 you shouldn't dismiss that what if too quickly. It's only been 3 years and many new technologies have been introduced to the market. It's only a matter of time before manufacturing becomes fully automated and the future population no longer need to work as much as we do.

@subliminalfalllenangel2108 Introduced to the market in our current “stable” (relatively speaking) globalized, American lead state. We can’t rely on that in the future. Plus while you can’t completely ignore hypotheticals they really aren’t all that valuable when comparing it to hard facts. The amount of advancement in ai we would need to completely smooth out these problems is far greater then anything we will likely create, let alone implement. Furthermore, even if we can implement ai to this degree we would likely over corse correct and have there be far too few jobs for people to have. Either way it is HIGHLY unlikely that ai will exist in that capacity and even if it does it will almost certainly spell doom and not salvation.

Is the Chinese Navy protecting Global trade?

no. The Chinese Navy can barely project to their own coastline, it may be "blue water capable" but not by much.

AI is probably just gonna automate the few low skill jobs left in this country more than anything, putting millions out of work while the rich reap the rewards.

Gold standard is a stupidity if you're the most powerful country in the world... Imagine having the gold standard and letting other countries control your currency by dumping gold intro the market and thus devaluing your coin...

@@raduf.3873 Not to mention how disastrous it would be for the tech industry. If gold becomes the new standard it will make gold worth so much you can practically not use it on a industrial scale anymore.

I think the taxpayer and citizen-investor will get forked, but the donor class will just consolidate more property and IP

​@@raduf.3873 America does a great job of devaluing its own 'coin' right now.

@@chico9805 comparing with other currencies the dollar is not devaluing at all

Holy shit get boosted imagine writing this essay defending the federal reserve and the banking cartels lmao.

Russia is probably their biggest problem.

The middle and working classes are always the ones hit hardest by inflation. The very poor don't have money anyway, and often have debt that gets erased by inflation, and the rich have assets that grow proportional to inflation. But the middle and working classes require income, which is what gets destroyed.

Ah yes, we can live in our houses without fear of repossession. We will fear starvation instead.

Good for staying poor I suppose.

Yeah, I believed in Bitcoin for a bit, but the powers that be have no incentive to allow it to replace their fiat system.

And yet the Bitcoin hash rate just keeps rising. China is getting ready to start promoting Bitcoin and cryptocurrency again in Hong Kong in June. What we discovered from the China Bitcoin mining "ban" is that it didn't work. Bitcoin's doing just fine and is here to stay.

@@randyjones3050 What i took from it , was that state power will never give up it's hold willingly. China is pushing cbdc's really hard. Most of Crypto is already captured, the proof of stake thing. So, Bitcoin will keep going, but only as a store of value.

Except for GOLD

Canada has good geography because of the US. It will probably be part of the US in 50 years anyway.

He didn't take into account a global CBDC. It won't be immediate, but the plan is obviously to replace the dollar with a global CBDC.

Culturally British Spiritually Roman Geographically Chinese

Europe and Japan are part of our Empire. Hell, for a long time, the whole world was part of our empire. It's just not like any empire you've seen before.

​@@shorewall I think you stretch the definition of empire. Projecting power somewhere doesn't make it part of your empire.

​@@blartversenwaldiii if America barks, they jump. It's an Empire.

@@algorithmgeneratedanimegir1286 one can say the same about Russia and China who you have to share global power with. Rome didn't have to share it's power with anyone

It backfired on Saudi Arabia though. They seem to be more unstable for the past few years.

It's called Bitcoin

@@smorgan125 A currency not backed by soft or hard power, and whoes value comes from its users asking "can I please exchange this for a dollar." Sounds like a recipe for success for sure.

Also, you saying how China abuses it allies but America doesn't is really not correct. China is actually remarkably forgiving about its loans, way more than western countries.

@@insectilluminatigetshrekt5574 You are right but China is like USA, They are the bullies against asian countries... They have ZERO respect towards others and think everything is theirs...

Yeah, if you listen to his old videos he sounds pre pubescent