Ask Prof Wolff: Is the U.S. Dollar in Trouble?

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A Patron of Democracy at Work asks: "I'd love to hear your thoughts on what a world looks like if the US dollar loses its primacy. What does the "economy" look like in the USA? Will there be a huge collapse?"
This is Professor Richard Wolff's video response.
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Пікірлер: 2 100

  • @antonnohr
    @antonnohr8 ай бұрын

    Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.

  • @Jason9o669

    @Jason9o669

    8 ай бұрын

    Government policies have jeopardised the future for many years, and consequences are approaching. I anticipate an 75% decline in the stock market, causing investors to shift toward real estate. Traditional banking may become less reliable, so it's essential to develop a survival strategy.

  • @VickyAlvy

    @VickyAlvy

    8 ай бұрын

    These are the conditions in which life-changing money is made by those who remain calm, patients, and take controlled risks. Volatility goes both ways, the bigger the red candles, the bigger the green ones.

  • @ClementRusso2

    @ClementRusso2

    8 ай бұрын

    I consult a financial coach before investing. During the pandemic, I employed profit-focused strategies and risk minimisation, leveraging their insider knowledge and analysis. Working with Stacey Lee Decker as my coach for over three years, I've generated around $750k in earnings.

  • @Rodxmirixm

    @Rodxmirixm

    8 ай бұрын

    I've been passively earning a six-figure income through my investments with Stacey Lee Decker. She guided me to the right community to enhance my financial growth, and I don't need to put in much effort. Regardless of market fluctuations, I consistently generate returns.

  • @PatienceWilson-xp2yh

    @PatienceWilson-xp2yh

    7 ай бұрын

    Hello dear,i really admire and like what you share and comment on facebook.i would like to be your friend.

  • @Rochelletrem
    @Rochelletrem9 ай бұрын

    Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

  • @berkrix4312

    @berkrix4312

    9 ай бұрын

    Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.

  • @georgebarret

    @georgebarret

    9 ай бұрын

    Well I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor, and I've actually made over $120K with their help during this market crash. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.

  • @DavidRiggs-dc7jk

    @DavidRiggs-dc7jk

    9 ай бұрын

    @@georgebarret That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

  • @georgebarret

    @georgebarret

    9 ай бұрын

    My Financial adviser is ‘’Julie Anne Hoover’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

  • @DavidRiggs-dc7jk

    @DavidRiggs-dc7jk

    9 ай бұрын

    @@georgebarret Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @SophiaChristian-so2of
    @SophiaChristian-so2of8 ай бұрын

    According to certain economists, it's possible that the U.S. and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

  • @MarkFreeman-xi3rk

    @MarkFreeman-xi3rk

    9 ай бұрын

    Currently, my primary worry is how to increase revenue during periods of quantitative easing. I cannot afford to witness my savings dwindle away.

  • @JenniferDrawbridge

    @JenniferDrawbridge

    9 ай бұрын

    It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance.

  • @cythiahan8455

    @cythiahan8455

    8 ай бұрын

    How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings.

  • @JenniferDrawbridge

    @JenniferDrawbridge

    9 ай бұрын

    I personally work with ''Margaret Johnson Arndt'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her webpage on the net.

  • @AntonioBianh

    @AntonioBianh

    8 ай бұрын

    @@JenniferDrawbridge Thank you for this tip. it was easy to find your coach. Did my due diligence on her then sent an email. She seems proficient considering her strong resume.

  • @RickMckee-nq4ni
    @RickMckee-nq4ni8 ай бұрын

    It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

  • @BillAdamson-bp9ff

    @BillAdamson-bp9ff

    8 ай бұрын

    That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

  • @AndrianWiener

    @AndrianWiener

    8 ай бұрын

    In the world of finance, recessions are prime opportunities for wealth creation. When my portfolio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.

  • @AstaKristjan

    @AstaKristjan

    8 ай бұрын

    Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name “ Michelle Christine Parker" and everything changed. In in the first quarter of this year i made $370k and counting.

  • @Erinmills98

    @Erinmills98

    8 ай бұрын

    Thank you for the tip, I must say, Michelle appears to be quite knowledgeable. I Found her weeb page after searching her name online , I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

  • @user-dl8iz9zn8i

    @user-dl8iz9zn8i

    8 ай бұрын

    Peace be with you 💚 We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @marialuizagaler7674
    @marialuizagaler7674 Жыл бұрын

    Dollar losing it's primacy is indeed a BLESSING for the human kind!!

  • @john-lenin

    @john-lenin

    Жыл бұрын

    It will be when your family is starving.

  • @theeuphioanswer770

    @theeuphioanswer770

    Жыл бұрын

    Why? Because Xi and Putin are going to usher in a new era of perfect human rights?

  • @beginner_electric_guitar

    @beginner_electric_guitar

    Жыл бұрын

    Amen.

  • @OBCBTTB

    @OBCBTTB

    Жыл бұрын

    If it means that the US can't support its 1000 military bases around the globe and all the perennial wars, then the world will be a better and more peaceful place.

  • @kevinschmidt2210

    @kevinschmidt2210

    Жыл бұрын

    @@john-lenin If his family starves, then so will yours, and so will you.

  • @svengrot7943
    @svengrot7943 Жыл бұрын

    Heard someone say 2023 could be more trouble for stock holders, yet a good buying opportunity! I'm not new to the markets but unconvinced with my conviction lately. I just want to do it like the legends Ackman, Buffet, Lynch, etc, unfortunately I'm in my 50's and time is of essence.

  • @roseroland1998

    @roseroland1998

    Жыл бұрын

    the stock market is geared towards long-term for attractive returns especially if you invest in high-growth and multi-bagger shares after evaluation of risk, or better still consult an invt-advisor not to make any costly mistakes

  • @Curbalnk

    @Curbalnk

    Жыл бұрын

    @@roseroland1998 The issue is people always have the “I want to do it myself mentality” Unapologetically, that’s why they get burnt amidst crash, cos they aren’t equipped enough. I slowly but steady make gains when its bearish, and even pull off profits easily in a bull market. Concisely, I've summed up a whooping 7-figure ROI after subsequent investments in less than 3 years

  • @Curbalnk

    @Curbalnk

    Жыл бұрын

    @Stanley Edwin Personally nothing beats expertise, so I use advisory management, and credits to ''KAITLIN ROSE STERNBERG'' for solid 2 years and 6 months precisely. She's a renowned coach, you can simply look her up and confirm yourself.

  • @trazzpalmer3199
    @trazzpalmer3199 Жыл бұрын

    “There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months.

  • @hannahdonald9071

    @hannahdonald9071

    Жыл бұрын

    I'll suggest you find a mentor or someone with experience to guide you especially in this recession.

  • @zoeytank2921

    @zoeytank2921

    Жыл бұрын

    @@hannahdonald9071 You will need a strong FA to help you through the current market turmoil. I've been talking to a coach named Maria Juliana Ramirez for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.

  • @tampabayrodeo2474

    @tampabayrodeo2474

    Жыл бұрын

    @@zoeytank2921 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

  • @zoeytank2921

    @zoeytank2921

    Жыл бұрын

    @@tampabayrodeo2474 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

  • @mcginnnavraj4201

    @mcginnnavraj4201

    Жыл бұрын

    I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

  • @jamesharrison6569
    @jamesharrison6569 Жыл бұрын

    The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated..#

  • @serenasmith2859

    @serenasmith2859

    Жыл бұрын

    The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

  • @monerharris9430

    @monerharris9430

    Жыл бұрын

    @Vace Stevens wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

  • @monerharris9430

    @monerharris9430

    Жыл бұрын

    Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.

  • @jamesgeorge5896

    @jamesgeorge5896

    Жыл бұрын

    Well, that's a good suggestion! Sofia is someone I also know. She is my mentor as well. I heartily endorse her

  • @eliasnavytanga

    @eliasnavytanga

    Жыл бұрын

    You are just a scambag. Tthe market hasn't dropped anything. Actually it has gained. s&p500 has gained over 3% in the last 3 months. You are part of scam team here, trying to prey for weak ass investors.

  • @yu-jd5jg
    @yu-jd5jg Жыл бұрын

    The Hegemonic US in general must or be forced to relearn how to live within its means and mind its own business in the world

  • @ronskancke1489

    @ronskancke1489

    Жыл бұрын

    Just Amen! Our leaders don't realize how many people feel this way.

  • @user-vc5qk9tg7u

    @user-vc5qk9tg7u

    Жыл бұрын

    in all honesty, China and RF won't have to do much at all, U$ will simply self implode, inflicted by its own oligarchs, U$ days are numbered.

  • @marywest6844

    @marywest6844

    Жыл бұрын

    I believe US needs to live by example. Shame it has been infiltrated and squeezed by banks and industrialists .

  • @azuresage1067

    @azuresage1067

    Жыл бұрын

    Are you willing to sacrifice for this cause?

  • @cr4yv3n

    @cr4yv3n

    Жыл бұрын

    This message was brought and paid for. By China's useful idiots

  • @andrewc3551
    @andrewc3551 Жыл бұрын

    The weapons contractor worked so hard and the Dollar value dropped so fast

  • @sophiaw7041
    @sophiaw7041 Жыл бұрын

    Professor Wolff is the very Few of Americans who know Why US Dollar is in Trouble. He is Very Knowledgeable and Straight forward and tell all the Truth no matter if one likes or not. Chinese like this Smart American economist and professor. His opinion is based on the facts Not on the political status, which is the most important. ❤

  • @godwatchme3114

    @godwatchme3114

    Жыл бұрын

    we will fight all over the world and make sure they all use dollars!! if the chinese not listen to us, we will teach them to learn!! we will unit our western friends to fight the chinese .. we will win!

  • @johleby8048
    @johleby8048 Жыл бұрын

    Thanks for the education, Professor Wolff. 🙏❤️🙏

  • @sandrajones1609
    @sandrajones1609 Жыл бұрын

    Thank you Proff Wolff for your succinct, honest portrayal of information. I appreciate your effort to steer away from inflamitory or emotionally charged delivery ... sometimes an emphasis needs to be made but it is easier to disseminate info w/o the sentiment. Much gratitude

  • @geoffreynhill2833

    @geoffreynhill2833

    Жыл бұрын

    I'm a fan too but the Big Good Wolff has taken to howling so loud he soon won't need a microphone! 😉

  • @genelarson6849

    @genelarson6849

    Жыл бұрын

    As i see it the speaker spent little time toward any action regarding countering these negative realities only whining about bad times ahead and the inevitable implosion of our great nation come up with answers sir if you cant move over for one who can

  • @papax7241

    @papax7241

    Жыл бұрын

    Honest portrayal? Over the years, because of the juggernaut economy of the US, dollar has placed itself as the standard medium of exchange for the whole world. Other countries use $ to trade not just with US, but also with each other. Those countries who want to replace it are authoritarian countries. Their motive to do so is political, not economical. By doing it, they want to weaken the US. Because the US is the most powerful country among others that stands against their policies that abuse human rights and derived by the imperialistic will of their leaders. But they can hardly achieve it. Other free world countries won't join them. Please, do your judgment before consuming any information.

  • @biljanazivkovic4870

    @biljanazivkovic4870

    Жыл бұрын

    @@papax7241 you are funny, this is the end of worst tyrannical country in the history

  • @komangthe1413

    @komangthe1413

    Жыл бұрын

    ​@@papax7241AS adalah negara perampok hasil bumi negara lemah militernya.

  • @liberty-matrix
    @liberty-matrix Жыл бұрын

    "Once we lose the world's reserve currency status, there's no going back. We won't get that prosperity that we've been able to enjoy. It's going to be a very very different world in the United States of America." ~ Mike Maloney

  • @elinoreberkley8221

    @elinoreberkley8221

    Жыл бұрын

    Trump 24

  • @NoRockinMansLand

    @NoRockinMansLand

    Жыл бұрын

    The US will alsp be forced to focus more on global politics and culture because it has been very self absorbed for close to 60 years

  • @bestvideoforcats

    @bestvideoforcats

    Жыл бұрын

    A Maloney quote under a Wolff video. I didn’t think I would ever see that.

  • @luxeternity

    @luxeternity

    Жыл бұрын

    A brave new world

  • @spudsT

    @spudsT

    Жыл бұрын

    @@elinoreberkley8221 You saw how he fixed this, right? 😂 he and his buddies are building bunkers and buying yachts to leave you and me here to rot. No elite on either side is gonna help.

  • @triplezero1460
    @triplezero14608 ай бұрын

    I like this guy; he is knowledgeable without being arrogant like most people from the West.

  • @godfatherofcinema
    @godfatherofcinema Жыл бұрын

    Once again, thanks for clarifying the finer points of this tragedy occurring in real-time before our very eyes. Won't be long before this hits home; then, even the eternal optimists will agree with you once the real pain starts--this is only the beginning. God Bless, sir.

  • @Canadian_Eh_I

    @Canadian_Eh_I

    Жыл бұрын

    Yes, I dont think that this transition to the USD taking a back seat will be super smooth by any means

  • @user-dl8iz9zn8i

    @user-dl8iz9zn8i

    8 ай бұрын

    Peace be with you 💚 We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @godfatherofcinema

    @godfatherofcinema

    8 ай бұрын

    @@user-dl8iz9zn8i Peace be with you as well no thank you

  • @kiwitrainguy

    @kiwitrainguy

    7 ай бұрын

    Unfortunately those "eternal optimists" won't agree with the likes of Prof. Wolff, they will look around for someone to blame. The Nazis did it with the Jews, I wonder who will be in the cross-hairs this time.🤔

  • @billhaney8160
    @billhaney8160 Жыл бұрын

    If the dollar collapses the war machine will run out of gas.

  • @pierrefraisse8610

    @pierrefraisse8610

    Жыл бұрын

    Soon...

  • @johnny-yi2oi

    @johnny-yi2oi

    Жыл бұрын

    Yeah, so does the Saudi oil machine.

  • @aldinokalla868

    @aldinokalla868

    Жыл бұрын

    EXACTLY

  • @lolanaylor1144

    @lolanaylor1144

    Жыл бұрын

    Let's hope to god that this is what will happen. Enough is enough!

  • @ferdinandbudicki7902

    @ferdinandbudicki7902

    Жыл бұрын

    No! Think of Germany 1929-1933. What happened next?

  • @wilsonyap2619
    @wilsonyap2619 Жыл бұрын

    Thank you Professor Wolff for that clear and simple to understand explanation.

  • @jonathancampbell586

    @jonathancampbell586

    Жыл бұрын

    Very good and Sad.

  • @user-dl8iz9zn8i

    @user-dl8iz9zn8i

    8 ай бұрын

    Peace be with you 💚 We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @kenkwong1110
    @kenkwong1110 Жыл бұрын

    It’s always a pleasure to watch your show.

  • @rikji
    @rikji8 ай бұрын

    Interesting that Dr. Wolff can speak so eloquently and truthfully. everything he has said is sotruthful!

  • @angelam.5508
    @angelam.5508 Жыл бұрын

    This is my first time hearing this gentleman. He makes his answer to this question quite plain and easy to follow. You have definitely earned a sub. Many thanks for your perspective Professor Wolff. 🙂

  • @iller3

    @iller3

    Жыл бұрын

    Yes, he is very consistent, and rarely strays into the Melodrama that most "journalists" seem to keep engaging in

  • @user-dl8iz9zn8i

    @user-dl8iz9zn8i

    8 ай бұрын

    Peace be with you 💚 We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @etbuch4873
    @etbuch4873 Жыл бұрын

    Viewing from the bright side, this shift in general could be a blessing to the US when it becomes a true republic instead of an empire and equal among all.

  • @Falconlibrary

    @Falconlibrary

    Жыл бұрын

    The empire benefits regular people like us not one bit, so goodbye and good riddance. Sweden doesn't have the world's reserve currency but they're far more prosperous and provide better for its people than we do, for example.

  • @Kim-Yo-jong

    @Kim-Yo-jong

    Жыл бұрын

    Bad for Americans and our leadership in the short term but good for the long term. Need a revolution to overthrow the regime after the dollar collapses.

  • @dwanemarsh4378

    @dwanemarsh4378

    Жыл бұрын

    IF you wish to have a stronger U.S. ,as I do, then we HAVE to get rid of all the far left liberals, AND the cray leadership on BOTH sides. WE have very few actual good candidates every time! As a retired U.S. combat vet, it is my opinion that our leadership has led us down bad paths. And this stupid, nauseous blather of how the U.S. military WANTS wars is ridiculous! NO military member, with any common sense, WANTS to fight a war!

  • @27bayoubengals

    @27bayoubengals

    Жыл бұрын

    You are smoking crack. Sweden doesn’t have tens of trillions of debt or run billion dollar deficits. It will be like Venezuela. We are looking at hyper inflation not seen since the Weimar Republic. Hold on to your nuts cause it’s gonna get ugly.

  • @bruceseah
    @bruceseah Жыл бұрын

    Very clear and informative. Thank you. God bless you!

  • @MK-nj5bm
    @MK-nj5bm Жыл бұрын

    Great Info Prof Wolff - Subscribed. Thank you sir, keep sharing your knowledge.

  • @eusouun9181
    @eusouun9181 Жыл бұрын

    Excellent knowledge contribution, that of yours, Dr. Wolff!

  • @AndromedaCeline
    @AndromedaCeline Жыл бұрын

    Thank you! I’ve seen so many videos on KZread, about BRICS and the US dollar but none of them actually explain what happens if the US dollar fails. And it’s nice to have someone actually explain it plainly and bluntly.

  • @liangli1879

    @liangli1879

    Жыл бұрын

    US becomes the second class nation without any hope in future. Diligent nations who create real wealth instead of green paper will become prosperous. US game on finance is ended

  • @764ff

    @764ff

    Жыл бұрын

    Brazil, China, India, Russia and South Africa are a very strong alliance Brazil is a giant of agriculture, China of technology Russia is a giant in energy, oil, gas and others. there is still india which is a power and there is south africa which has a lot of raw material.

  • @therealdeal2163

    @therealdeal2163

    Жыл бұрын

    ​@@764ff and if Iran and the Saudis join BRICS then game over for the USA .....and that's not counting Indonesia , Argentina , Egypt and possibly Turkyi joining .....imagine a grouping of all these nations .....

  • @choifayue9848

    @choifayue9848

    Жыл бұрын

    @@therealdeal2163 don't forget Meixco, thats why US is now attempting to invade south of the border PEACE

  • @freedoom2653

    @freedoom2653

    Жыл бұрын

    Welcomd to venezuela

  • @Frank-qr2ps
    @Frank-qr2ps7 ай бұрын

    *Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.*

  • @susannebullock4562

    @susannebullock4562

    7 ай бұрын

    💯💯💯💯

  • @susannebullock4562

    @susannebullock4562

    7 ай бұрын

    That's why I have been working with 'Gibson Rudy Expert Pro and that doesn't make me daft because in financial dealings one have to be prudent.

  • @BenLinus-cd2ym

    @BenLinus-cd2ym

    7 ай бұрын

    يدخل معظم المتداولين في الخروج بربح سريع بنسبة 10%، وهو أمر ليس سيئًا في الرأي العام، ولكن لماذا لا نهدف إلى تحقيق أعلى، فهذا لا يعني بالضرورة أن نكون جشعين.

  • @BenLinus-cd2ym

    @BenLinus-cd2ym

    7 ай бұрын

    🚀🚀🚀🚀🚀

  • @user-vz1zz2kn9j

    @user-vz1zz2kn9j

    7 ай бұрын

    Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn't necessarily mean to be greedy.

  • @onwugharablessing8264
    @onwugharablessing8264 Жыл бұрын

    Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

  • @Mathew-bp5bm

    @Mathew-bp5bm

    Жыл бұрын

    Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.

  • @josephlee4001

    @josephlee4001

    Жыл бұрын

    I agree with you totally Rose, Yes they can be positively impactful to an individual's portfolio. I started with a trust Financial Adviser named "Jackson Sten Marsh". He is verifiable and he work ethic complies with the US Investment Act of 1940. He approach is transparent, allowing full ownership and control of my portfolio with very reasonable fees relative to my portfolio earnings.

  • @emilysmith5287

    @emilysmith5287

    Жыл бұрын

    I know I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are his services like?

  • @josephlee4001

    @josephlee4001

    Жыл бұрын

    Credits to *Jackson Sten Marsh*, one of the best portfolio manager;s out there. he;s well known, you should look his up.

  • @emilysmith5287

    @emilysmith5287

    Жыл бұрын

    He covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that. You can take a look at his full name on the internet. he is renowned. So it shouldn't be difficult to find him official webpage.

  • @lindascanlan6317
    @lindascanlan6317 Жыл бұрын

    My favorite economic guru. .ty for all your hard work...the information gained from your talks is invaluable...

  • @douglascarlson9006

    @douglascarlson9006

    Жыл бұрын

    Your favorite economic guru is worthless ... ever notice? ... he's never ever mentioned the WEF or the Great Reset ... he's a dinosaur!

  • @BreeB.
    @BreeB. Жыл бұрын

    As always, thank you Dr. Wolff for the invaluable insights and the incredible work that you do!

  • @user-dl8iz9zn8i

    @user-dl8iz9zn8i

    8 ай бұрын

    Peace be with you 💚 We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @pililacantos5272
    @pililacantos5272 Жыл бұрын

    Thank you for your research, guidance, & time my good sir. ❤

  • @rrogerr01
    @rrogerr01 Жыл бұрын

    O BRICS está se tornando cada vez mais influente no o mundo como sua cooperação econômica uns com os outros é fortalecedor 🇧🇷

  • @tjpaiva3296

    @tjpaiva3296

    Жыл бұрын

    KZread translated your Brazilian flag into an American one

  • @jackinsonpablanes760

    @jackinsonpablanes760

    Жыл бұрын

    kkk com dilmanta como presidente do banco dos brics essa ai na presidencia que vai querer bater de frente com o dólar, suiços, alemães, franceses, britanicos, americanos? kkk, a china que é uma caixa preta? N sei oq vai rolar daqui pra frente mas uma probabilidade é a criação de CBDCs ai é o golpe final

  • @umbrellacorporation5723

    @umbrellacorporation5723

    Жыл бұрын

    ​@@tjpaiva3296 what else can u expect from an American Capitalist company

  • @ben33584

    @ben33584

    Жыл бұрын

    ​@@tjpaiva3296 😂 amazing stuff

  • @CosmosChill7649

    @CosmosChill7649

    Жыл бұрын

    BRICS post the false flag on 9/11, is a dead organisation

  • @sachingawade4050
    @sachingawade4050 Жыл бұрын

    Thanks for your Honest straight forward review without any BS.

  • @sirdook2761
    @sirdook2761 Жыл бұрын

    As someone from the global south people like Pr. Wolff give me hope.

  • @Dagoth_Ur_1
    @Dagoth_Ur_1 Жыл бұрын

    There's a lot of scammy car salesman types on here who make economy videos with clickbait images and titles, it's painful to trawl through. You didn't look like one of them and you are not, you just talk straight and honest facts like Celente, appreciated.

  • @howardwong3645
    @howardwong3645 Жыл бұрын

    You are the best, wise and brave American. Salut. Our country needs more smart soul like you.

  • @Gentilejedi
    @Gentilejedi Жыл бұрын

    So basically, it's time for US (US) to pay the piper.

  • @gwills9337

    @gwills9337

    Жыл бұрын

    Yes another way the current generation gets dumped on by the Boomers

  • @mallyd4521

    @mallyd4521

    Жыл бұрын

    @@gwills9337 Or by your bully boy government.

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    @@gwills9337 yeah... NO. good news for young people... because americans will have to actually make shit not just print money and import them... so LOTS and LOTS of new jobs.

  • @RayTech70
    @RayTech70 Жыл бұрын

    Thank you for this video Professor... I learned a great deal here.

  • @allentyler3552
    @allentyler3552 Жыл бұрын

    Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.

  • @rukky3065

    @rukky3065

    Жыл бұрын

    i agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.

  • @allentyler3552

    @allentyler3552

    Жыл бұрын

    I think the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and would-be investors often undermine and most often neglect the importance of technical analysis with regards to investing. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market

  • @allentyler3552

    @allentyler3552

    Жыл бұрын

    Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements or better still get an investment advisor who'd guide you and help you manage your portfolio just like my boss back then, He was working with an IA Nicole Brusher and i would bet he still does. I can boldly recommend her because i've witnessed her performance first hand. She's the real deal.

  • @rukky3065

    @rukky3065

    Жыл бұрын

    How can I get across to Nicole Brusher?

  • @allentyler3552

    @allentyler3552

    Жыл бұрын

    you can communicate with her on Instagram

  • @user-em6ie2be7x
    @user-em6ie2be7x Жыл бұрын

    As informative as always thanks Professor Wolff.

  • @user-dl8iz9zn8i

    @user-dl8iz9zn8i

    8 ай бұрын

    Peace be with you 💚 We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊

  • @OlafsonN
    @OlafsonN Жыл бұрын

    Most to-the-point explanation I’ve heard so far. Thank you.

  • @ItWasntAPhase
    @ItWasntAPhase Жыл бұрын

    Fantastic explanation. As a business owner who manufactures in the US but relies on raw material from Europe this is of great concern. I feel that he captains of industry and corrupt politics led us to this point in exchange for past profit increases.

  • @batcollins3714
    @batcollins37148 ай бұрын

    Here in the EU we often have to explain to American tourists that the dollar is not accepted in many EU countries. Here in Ireland we have to explain that we dont accept dollars as we are charged to convert them to Euros. Many of them look at us in disbelief as they are certain that everyone wants dollars. We tell them to go to the local bank and get their Euros from there.

  • @AnnieFarmerFarm
    @AnnieFarmerFarm Жыл бұрын

    Thank you Prof Wolff for sharing~!

  • @slorter10
    @slorter10 Жыл бұрын

    Well done prof !!!

  • @thirumalairaj333
    @thirumalairaj333 Жыл бұрын

    You're english is loud and clear, easy to understand for a layman like me, thanking you, sir.

  • @thorthailand
    @thorthailand Жыл бұрын

    Clear and to the point. Thank you.

  • @dukeinbelarus999
    @dukeinbelarus999 Жыл бұрын

    Wow! Real truth. Those living in the USA are not use to hearing truth.

  • @user-bw3ns1np2g
    @user-bw3ns1np2g Жыл бұрын

    Thank you professor 👍 I appreciate the way you make abstract ideas understandable 👍

  • @jacobtang8260
    @jacobtang8260 Жыл бұрын

    Prof Wolff and the Democracy At Work Team 👍👍👍

  • @manscall1646
    @manscall1646 Жыл бұрын

    Thanks for the good information you are giving in your channel. Indeed,is just too enjoyable

  • @giovannimartinez983
    @giovannimartinez983 Жыл бұрын

    Thank you very much for sharing your knowledge and facts of the economic system we jave

  • @tajnawab
    @tajnawab Жыл бұрын

    Hatts off Professor...Richard Wolff...A whole economic scenario in few minutes... Salaam Respect Namaste to Hosts Guests and viewers.

  • @bma1955alimarber
    @bma1955alimarber Жыл бұрын

    Thank you very much dear Pr. Richard Wolff for having inspired me via your important answer about Mr. David's question in this video. A collateral impact of your answer, I have now more clear idea on monetary inflation

  • @joegar3174
    @joegar3174 Жыл бұрын

    Thank you for sharing your wisdom.

  • @crocmeister6177
    @crocmeister6177 Жыл бұрын

    Thank you Professor! Superb and succinct analysis! 💯🙏

  • @tikilanichols8023
    @tikilanichols8023 Жыл бұрын

    This is what I needed to hear. Thanks 👍

  • @fereydoonbesharati7945
    @fereydoonbesharati7945 Жыл бұрын

    Richartd you are the greatest of all, thanks for your informative program.

  • @CodingExpress
    @CodingExpress Жыл бұрын

    Very insightful!

  • @kdennis9115
    @kdennis91159 ай бұрын

    Thank you professor for the explanation of the devalued dollar. I couldnt understand why a country would devalue its currency. Now i know that the country buying goods from that country will get it cheaper.

  • @kathyborthwick6738
    @kathyborthwick6738 Жыл бұрын

    Thank You - New Sub & sent world wide! Vital info!

  • @eldenbeastlord842
    @eldenbeastlord842 Жыл бұрын

    Thank you professor for the video, very informative and clear to understand. My take on this is that America has gone too far acting like a corporation rather than actively trying to better it’s citizens or the global community. We go to other countries for oil and destabilize regimes. We are loosing our status as a hegemon and maybe it’s a good thing

  • @jerrybrickley2115

    @jerrybrickley2115

    Жыл бұрын

    You and the professor can quit worrying, quit working, relax and enjoy life. Just go to one of the perfect countries you both worship. You know, a country trying to better itself and the global community. Quit torturing yourself in America. When you reach Nirvana, invite all your like minded friends to leave America and to join you. Problem solved.

  • @eldenbeastlord842

    @eldenbeastlord842

    Жыл бұрын

    @@jerrybrickley2115 1) not everyone has the means and privilege to leave family/friends and then live somewhere else 2) even if they could, leaving the country Is not an actual solution to the problem 3) I love this country so I’d rather criticize it in order to hopefully one day be proud of it. Instead of being condescending, I recommend at least thinking before you type next time.

  • @WhoToldYouThis

    @WhoToldYouThis

    Жыл бұрын

    ​@@jerrybrickley2115 you are no better than a victim of abuse defending its abuser. To sit there and say "why don't you leave" is just dumb. You refuse to acknowledge the problem and anyone who does is somehow not worthy to speak on the issue? How can you support democracy if your reaction to criticism is to suggest banishment... the point of democracy is literally for people to recognize issues and attempt to change those issues through educating others so that we can collectively vote against those problems.

  • @eldenbeastlord842

    @eldenbeastlord842

    Жыл бұрын

    @@WhoToldYouThis I wouldn’t bother, trolls like this guy live for the attention. Ironically he’s part of the problem that he refuses to recognize

  • @WhoToldYouThis

    @WhoToldYouThis

    Жыл бұрын

    @@eldenbeastlord842 unfortunately, seems to be a trend with many "proud Americans" I don't understand how so many can be so patriotic and in the same breath be so willing to throw everything to the ground. Part of me feels like the only thing I can do is brace myself for impact cus there is no way to change these peoples mind.

  • @philipwong895
    @philipwong895 Жыл бұрын

    The US national debt is more than $31 trillion, with 38% of it held by foreign entities. The US also has $38 trillion in unfunded Medicare liabilities and $17 trillion in unfunded Social Security liabilities The US dollar is the dominant reserve currency, backed by its perceived strength, allowing the US to print unlimited dollars as long as the world maintains trust in it. The US dollar is the backbone of US power, and any actions that undermine confidence in the currency threaten to destabilize its position of dominance. Each unilateral sanction imposed by the US risk damaging the stability and credibility of the US dollar, leading to dire consequences for the nation's power and influence. The US is the only country actively undermining the strength of the US dollar. The freezing of Russia's $300 billion currency reserve by Western governments may lead countries to reconsider investing their funds in US Treasury bonds. A significant portion of US dollars is held outside the US, estimated at 60-70% of all US dollars in circulation, due to its status as the dominant reserve currency and wide use in international trade and finance. The one trillion dollar trade deficit of the US is a consequence of being the reserve currency, as a strong dollar makes it difficult for US businesses to export goods and services while simultaneously making it easier for other countries to sell to the US. Countries are shipping goods to the US in exchange for green pieces of paper. The US budget deficit is $1.38 trillion in 2022 which must be paid for by selling more Treasury bonds. The interest on this debt is greater than the military budget. To pay the interest on its debt, the government sells more Treasury bonds, leading to a cycle of increasing debt. The US printing of dollars has been exporting inflation in other countries for decades, but will eventually increase US inflation. Raising interest rates to fight inflation decreases consumer and business spending, increases the trade deficit, and higher interest payments on government debt. Other countries will respond to the US raising of interest rate by raising their interest rate, risking global recession. The Plaza Accord addressed this issue in the past, but it will be challenging to implement such measures now. A well-run country collects taxes to fund essential services and infrastructure. In the US political system, wealthy corporations and individuals can lobby for tax breaks. The shortfall in funding for the US government has reached $31 trillion. Instead of collecting taxes from wealthy corporations and individuals, the government pays interest to them. Banks hold Treasury bonds for their safety, liquidity, regulatory compliance, and potential profitability. When interest rates on Treasury bonds rise sharply, the decrease in bond values reduces liquidity and makes it harder for banks to raise cash quickly. This causes depositors to lose confidence, triggering a bank run. In response to the current bank run, the government is issuing Treasury bonds to raise funds to compensate depositors for any lost funds. There are $19 trillion in deposits in US banks. The estimated unrealized loss on these treasuries is 1.7 trillion. The total size of US banks' equity is 2.1 trillion. The new Bank Term Funding Program (BTFP) help prevents discounted bondholders from taking losses when they have to sell them urgently. The BTFP accepts discounted bonds at face value to be used as pledges for loans to inject more money into the economy. More inflation. It's a Ponzi scheme.

  • @tommyboss4067

    @tommyboss4067

    Жыл бұрын

    Yes. The Fed still keeps printing dollar out of thin air as usual. The debt ceiling has been announcing to Congress which just rubber stamper. And the Government in which is also just an astronomically spender beyond its means. All rekcless and no shame. Sell..... sell.... sell.....run.....run....run.....😂😂😂

  • @haggai3.477

    @haggai3.477

    Жыл бұрын

    Erudite Examination. Excellent Enquiry.

  • @benderthegreat4728

    @benderthegreat4728

    Жыл бұрын

    You could have made a video and help mora people understand what is going on. Great analysis.

  • @DontUputThatEvilOnMe

    @DontUputThatEvilOnMe

    Жыл бұрын

    So is pretty much all the others worlds currencies. You think china isn’t doing the same thing with their currency to fund their BRI projects and loans. Everyone talks about dollars but if you look at every other countries currency they are worse. Dollar is really going anywhere.

  • @tommyboss4067

    @tommyboss4067

    Жыл бұрын

    @@DontUputThatEvilOnMe Please prove it with numbers, don't just guess? For example, the US Defense budget of USD 842 Billion was printed out of thin air and will also evaporate into thin air. Unnecessary, useless, and unproductive. Unfortunately, no one cares to criticize it. 🤣🤣🤣

  • @yamhweeyeo3089
    @yamhweeyeo3089 Жыл бұрын

    It is of great immediacy that amerikaans adjust their mindset and way of thinking when confronted by issues of global dimensions, such as the imminent challenge of dedollarisation. How is it that when things are going your way, you sing exceptionalism and claim "primacy" but when things don't turn your way, you criminalise the actions of others merely because they infringe upon your so-called entitlements or privileges? Learn, adjust, adapt, reframe, grow and develop along with the rest of the world. I am glad to reinforce Professor Richard Wolff's stance that amerikaans must grow up and adjust to the fact that increasingly and inevitably, owing to the misgovernance by your governments, past and present, amerikaa is no longer a dominant political or economic force in the world.

  • @SimplelifewithTika
    @SimplelifewithTika8 ай бұрын

    Thank you. This is the only video I was able to fully understand .

  • @AndreDiasRJ
    @AndreDiasRJ Жыл бұрын

    Today Brasil and China announced that bilateral trade will not be in dollar anymore.

  • @beastmode8203

    @beastmode8203

    Жыл бұрын

    81% of all trade will still be in USD.

  • @markiepookiee

    @markiepookiee

    Жыл бұрын

    @Roger McMillan and they say socialism doesn’t work lmaoo

  • @eyepain4992

    @eyepain4992

    Жыл бұрын

    Brazil and china will collapse

  • @g.m.8360
    @g.m.8360 Жыл бұрын

    Thank you for explaining the problem to the people who refused to believe it which I feel is very high because they don’t understand basic economics let alone balanced a checkbook 😂

  • @jgalt308

    @jgalt308

    Жыл бұрын

    Since even Marx understood what money was it doesn't look like the professor? understands the "problem" at all.

  • @kevinschmidt2210

    @kevinschmidt2210

    Жыл бұрын

    @@jgalt308 It doesn't look like the poorly programmed Ayn Rand ChatGPT bot understands punctuation rules at all. Nor does it understand biased opinions, dishonestly asserted as facts, are completely worthless as arguments.

  • @vijaychitnis275
    @vijaychitnis275 Жыл бұрын

    Thank u Sir. Great presentation.

  • @johngibson4834
    @johngibson4834 Жыл бұрын

    Great Episode ❤

  • @jacquelinemorgan2086
    @jacquelinemorgan2086 Жыл бұрын

    Excellent presentation Prof Wolf. Many thanks

  • @marcelorocha7420
    @marcelorocha7420 Жыл бұрын

    Excelente trabalho!!

  • @bibekghatak5860
    @bibekghatak5860 Жыл бұрын

    Fantastic analysis . Thanks to Prof. .

  • @randahlbeach
    @randahlbeach8 ай бұрын

    Hi Dr. Wolf. Thank you for your insight. What is it that I as an individual can do? What do I have to prepare for? My thought process regarding most subjects is it’s out of my hands. I have no control over this event. This activity will go on whether I am on this planet or not. Thusly, this is the basis of my question to you. Thank you very much for your time.

  • @mynameis0077
    @mynameis0077 Жыл бұрын

    Well said prof.

  • @elenadiaz6312
    @elenadiaz6312 Жыл бұрын

    I’m so glad to be alive now and see this tectonic shift!! Giant’s rearranging the world!

  • @beastmode8203

    @beastmode8203

    Жыл бұрын

    You're actually just witnessing the beginning steps to World War 3.

  • @madameblatvatsky

    @madameblatvatsky

    Жыл бұрын

    Chaos is rearranging the world 😂

  • @dwanemarsh4378

    @dwanemarsh4378

    Жыл бұрын

    Yes, and as we watch Russia fail, and China's economy barely staving off collapse (while they try desperately to cover it all up, just as they did Covid), we see the U.S. dollar declining in some areas, while not so much in others. Overall, we've seen this NUMEROUS times in the last few decades, and yet the dollar has never even been CLOSE to collapse! That's bc it has too strong a world base, no matter how much countries try to manipulate it. "Collapse" is a very misused word!

  • @collenmathebula6479
    @collenmathebula647911 ай бұрын

    Me as South African citizen 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣💪💯 I'm happy

  • @ildarshafigullin9001
    @ildarshafigullin9001 Жыл бұрын

    Not U.S. Dollar in Trouble. U.S. it is Trouble.

  • @neoliberalerneandertaler9347

    @neoliberalerneandertaler9347

    Жыл бұрын

    Capitalism in General is in trouble lead by the Dollar. Not Money is the problem but the need to extract a Profit with the money you have investet

  • @worldofjimjim

    @worldofjimjim

    Жыл бұрын

    ​@@neoliberalerneandertaler9347 yes wanting something for nothing is humanity's big problem.

  • @chillxxx241

    @chillxxx241

    Жыл бұрын

    Incorrect…world is in trouble. Supply chains are falling apart and regional conflicts the like that we haven’t seen since WWII are about to take place. Russia wants to attack and control its former territories. China wants to attack Taiwan and threaten countries in the South China Sea. India and China want to exercise territorial claims. Turkey and Iran are competing for influence in the Middle East. Who knows how many conflicts will arise in Africa?

  • @764ff

    @764ff

    Жыл бұрын

    Brazil, China, India, Russia and South Africa are a very strong alliance Brazil is a giant of agriculture, China of technology Russia is a giant in energy, oil, gas and others. there is still india which is a power and there is south africa which has a lot of raw material.

  • @chillxxx241

    @chillxxx241

    Жыл бұрын

    @@764ff Mexico, Indonesia, Nigeria, and Turkey (MINT) was the other lesser known group of emerging economies recommended for investment. That is likely a better group than BRICS, especially with what is going on in China and Russia.

  • @Sandra-ps1lw
    @Sandra-ps1lw Жыл бұрын

    Love you Prof Wolff! Thank you for caring enough to share the truth about the USA diminishing dominance!

  • @sbam3139
    @sbam3139 Жыл бұрын

    💯 Prof Wolff....Thank you

  • @anonymousanonymous-tw3wm
    @anonymousanonymous-tw3wm Жыл бұрын

    Thank you for the information 👍

  • @cdoedayn
    @cdoedayn Жыл бұрын

    Thank you! This is crazy to learn about!

  • @jgalt308

    @jgalt308

    Жыл бұрын

    Just imagine how crazy it will be when you really start learning stuff. That ain't happening here.

  • @governormadea5937
    @governormadea5937 Жыл бұрын

    I hope it happens. World needs to be more equal

  • @bboystretch7788
    @bboystretch7788 Жыл бұрын

    Well summarised.

  • @mongofan1
    @mongofan1 Жыл бұрын

    Thank you. You mentioned at the end that it was a matter of adjustment to the new reality but you didn't provide any suggestions for how to adjust. What should we be doing? Buying Euros and Yuan? What should we do? Thanks, Alex

  • @philiptan2051
    @philiptan2051 Жыл бұрын

    As always prof Wolff is correct, his explanation is clear and logical. The collapsing usa’s hegemony in terms of diplomacy, economic power and technologically is clearly evident from what is happening in the world. The process is accelerating as banks are collapsing and high tech industries are laying off personnel due to overstock of chips and declining productivity as inflation remains high and tends to increase rather than decreasing. The moment of US dollar collapsing is near and it could happen in a moment like an avalanche.

  • @krejados1

    @krejados1

    Жыл бұрын

    Also, don't forget all the talent that requires a visa to innovate in the US. The US is making it ever harder to obtain a visa while other countries now have the infrastructure in place - and, more importantly, the money to build new technologies.

  • @philiptan2051

    @philiptan2051

    Жыл бұрын

    @@MrScunna not true dude, a collapse in US dollar will not start a war between the usa and China. A war costs a lot of money and a collapse in US dollar means the usa will go bust and cannot afford to pay for the military as well as her debt.

  • @krejados1
    @krejados1 Жыл бұрын

    I expatriated myself years ago but I figured I'd have more time to engineer my money transfers. Now, thanks to recent US shenanigans, I have to figure out how to get my assets out of the US quickly without uncle sam clawing back half of what i have.

  • @ivandovranic5834

    @ivandovranic5834

    Жыл бұрын

    Best of luck

  • @terryanderson5148

    @terryanderson5148

    Жыл бұрын

    @krejados Great, get your assets plus your ass too out of US fast.

  • @pedlpower

    @pedlpower

    Жыл бұрын

    As empires fail they forbid moving money out. Next they forbid the people moving out. Taxation is theft!

  • @egsmusiq

    @egsmusiq

    Жыл бұрын

    You can give it to me and I’ll make it disappear.

  • @JD-gv4uz

    @JD-gv4uz

    Жыл бұрын

    good luck your to late

  • @TomSmith-sr2br
    @TomSmith-sr2br Жыл бұрын

    THANK YOU PROF WOLF FOR SPEAKING THE TRUTH 👍

  • @petergreen5337
    @petergreen5337 Жыл бұрын

    Thank you very much for this lesson

  • @tomadams2735
    @tomadams2735 Жыл бұрын

    What will happen to the Euro as the dollar declines in value? Are these currencies inextricably tied, or will the value of the euro actually increase?

  • @jgalt308

    @jgalt308

    Жыл бұрын

    What makes you think "fiat money" has any value?

  • @kevinschmidt2210

    @kevinschmidt2210

    Жыл бұрын

    @@jgalt308 Please deposit all of your valueless "fiat money" into my bank account. Oops! Poorly programmed Ayn Rand ChatGPT AI bots do not have bank accounts, or money, fiat or otherwise.

  • @denverscott37

    @denverscott37

    Жыл бұрын

    I think you already know the answer to your question, when the dollar fails, it'll be felt worldwide, and most notably, in Europe. The dollar and the Euro are nearly identical these days. Both fiat currency, which isn't backed up by anything other than whatever faith we put into them. I personally have zero faith in the current US president and his entire administration. I'm not alone I'm sure, but even more than that, we all know the president doesn't control the US, the USA is run by little men in dark suits. We have bankers who somehow have gained the power to declare war anywhere in the world.. unelected officials over seeing the dollar, their interests lie in expanding and retaining their immense wealth , be it us dollar or Chinese yaun.. when the US dollar collapses (absolutely happening) when that happens, these people will simply shift their allegiance to whichever system allows them to continue to grow and expand their wealth.. They don't give a damn about people, all they see are dollar signs $$$

  • @letmelick

    @letmelick

    Жыл бұрын

    ​@@bruxi78230 Finally someone with common sense.

  • @kevinschmidt2210

    @kevinschmidt2210

    Жыл бұрын

    @@bruxi78230 The US Dollar is only rising in relationship to EU countries and Japan, but falling in relationship to the Rubble and Yuan. In fact, the Rubble was the best performing currency of all modern industrialized countries last year. Meanwhile, non US/EU countries are beginning to use the stabilized, backed by gold, Yuan for trade, instead of the failing US Dollar. Thus, the professor is right, and you are wrong.

  • @ros3983
    @ros3983 Жыл бұрын

    The life of a currency is the trust and honesty that go with it

  • @PlugInCaroo
    @PlugInCaroo Жыл бұрын

    *The REAL QUESTION is "Will the price of Gas for Vehicles keep INCREASING?* ... after the fall of dollar". Generally the gas prices will increase as much as the dollar depreciates... this could break US down completely as it is an "Petrol/Diesel driven Economy". US depends upon trucks much more than RAILWAY for transportation... China & India have the widest and the most electrified & Railway Network. China is 10yrs ahead of India in transportation... which means US is 30yrs behind in railroads to China. When fuel gets expensive Truck Transportation becomes even more expensive. Effect on Farms: 1. US govt farm subsidies will stop as subsidy will not be economically viable. 2. Fuel consumption expenses will be much more than the value of the crop growing expenses, harvest, storage and transportation... *Both of the above will make food expensive.* And what are the *unfortunate Uber Drivers & Amazon Delivery guys in US gonna do when fuel gets expensive?... Drive Tesla cars?!?!* MANY THINGS WILL HAPPEN SIMULTANEOUSLY... which will make it beyond the ability of US govt to prevent the snowballing effect. US has killed itself by overusing sanctions on almost EVERY Non-NATO COUNTRY in the world... "Every action will have an equal and opposite reaction" High Taxation is another bane of US economy. American Entrepreneurship is on an ALL TIME LOW... US has not had a single new commercial product launch after iPhone... This is not the America the world knows. The only way US can get out of this rut is to *stop taxing people's & company's income and drastically increasing taxes on expensive* Get the entrepreneurs out there...

  • @RoversandBarbells
    @RoversandBarbells Жыл бұрын

    Great content from prof wolff

  • @syedahasan5494
    @syedahasan5494 Жыл бұрын

    Thank you for sharing information regarding dollar. It was very informative. I personally believe that each country should trade in its own currency. It should value it's own currency just like their country. One country should not have dominance all over the world. It is dangerous.

  • @mariosilva8514
    @mariosilva8514 Жыл бұрын

    Greetings from Mexico City!! Thank so much for sharing your knowledge, expertise and insights. I can barely imagine what will happen in US when they receive back lots and lots of devalued dollars.

  • @mariosilva8514

    @mariosilva8514

    Жыл бұрын

    @@darrinito be very welcome to this great Nation. Hope the next government continue with the same fiscal discipline and projects, as the current one. If that happens, economic perspectives would be amazing.

  • @austin426512

    @austin426512

    Жыл бұрын

    Will there be confiscation of Gold?

  • @mariosilva8514

    @mariosilva8514

    Жыл бұрын

    @@austin426512 hello and greetings from Mexico City!! US government is being lying to the whole world and specially its own citizens. The US economic situation looks terrible from outside; major economies are reducing their reserves in US dollars considerably and China, India and some other countries are negociating trades in their own currencies. I guess gold is a safe place to stay, but just to keep value, but if you want to preserve capital and get cash flow, you should consider investing in real estate outside US. Mexico is a great option.

  • @austin426512

    @austin426512

    Жыл бұрын

    @@mariosilva8514 Hello, I am Indian living in Texas and your neighbor. The real estate has gone up so much in usa and it is not worth investing here. I am thinking of investing in india as india is going to grow and is now what China was 20 years ago. My only issue is if gold safe in usa and considering last time there was a confiscation.

  • @mariosilva8514

    @mariosilva8514

    Жыл бұрын

    @@austin426512 yes, investing in real estate in India sounds like great idea. I guess gold is a safe land in US. Greetings

  • @nadirmahfoudh1812
    @nadirmahfoudh1812 Жыл бұрын

    Very informative and indepth analysis.

  • @katharinaprotomanni7297
    @katharinaprotomanni7297 Жыл бұрын

    Very informative thanks!

  • @domenicofoca5213
    @domenicofoca5213 Жыл бұрын

    Why they don't use their dollars to help the homeless and the poor beggars in the street,

  • @Henryy980
    @Henryy980 Жыл бұрын

    Question:Can international trading use gold instead of o single country's currency?

  • @yuvrajguglani821

    @yuvrajguglani821

    Жыл бұрын

    thats kind of what happened with the bretton woods system, the thing is keeping the nixon spending aside, the system was largely deflationary in nature. You cant have deflation and capitalism without mass protests and deep depressions, think 1929. After the sort of loosing of this peg countries were given the power to influence trade in the short term by manipulating the values of their currencies. One more thing that is pretty important is cash is basically a debt owed to you by the govt, its written on most currency notes, in india it says "I the RBI governor promise to repay the holder of this *whatever the amount stated*". So when you get this cash you can either invest it or consume it. if you consume it you get imports which balances the exports out end of story. however when you invest you need to remember govts are usually not allowed to hold multiple asset classes like individuals are, Chinese govt cant own houses, pharama and some other industries in the US. So they are in the end basically left with the Govt bonds of the country they exported to. this is why the US gets almost infinite buyers of its bonds, there is almost no other "safe" way to park your cash. Basically You will usually have the one country currency as the main currency which is the biggest and most influential. then you export to them and buy safe assets which you are allowed to buy, which is as of now only US govt bond. Prof Wolff will be able to explain this much better than I but this is the explanation of it

  • @neoliberalerneandertaler9347

    @neoliberalerneandertaler9347

    Жыл бұрын

    No bcs Gold is not endless available but u can put other Metalls to the list for example Silver platinium rare Metalls copper and so on

  • @Henryy980

    @Henryy980

    Жыл бұрын

    Okay but Venezuela was trading with Iran using gold instead of a currency... would you want the yuan to become the world's global currency?

  • @eric123426

    @eric123426

    Жыл бұрын

    @@neoliberalerneandertaler9347 the fact that gold is limited in supply is the very reason WHY they WOULD use gold for trade.

  • @neoliberalerneandertaler9347

    @neoliberalerneandertaler9347

    Жыл бұрын

    @@eric123426 this will not work in a capitalistic System. And this is the reason why Nixon endet it in 1971

  • @shaileshparikh6920
    @shaileshparikh6920 Жыл бұрын

    So, what does it mean for : 1. Investors - where to invest + when? Geographical vs. sector. 2. Average citizens - what changes are needed to digest this gradual yet very detrimental change.

  • @jonathanwhitmire7580
    @jonathanwhitmire7580 Жыл бұрын

    You will never get an explanation like this by major media outlets. They don’t even have enough time or give anyone the chance to explain it

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