How does Europe view de-dollarization?

For decades the dollar has been by far the most dominant currency in global trade. Having control over the world’s currency of choice has been a huge advantage for America. And that’s an understatement. But is the world now going through a long predicted process of de-dollarisation?
Guests:
Wolfgang Munchau
Director of Eurointelligence.
Kaia Parv
Chief Investment officer at Credilinq.Ai
Ralph Schollhammer,
Assistant Professor at Webster University and Hilltower Resource Advisors
Roundtable is a discussion programme with an edge. Broadcast out of London and presented by Philip Hampsheir, it’s about bringing people to the table, listening to every opinion, and analysing every point of view. From fierce debate to reflective thinking, Roundtable discussions offer a different perspective on the issues that matter to you. Watch it every weekday at 15:00 GMT on TRT World.
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Пікірлер: 793

  • @Raymondjohn2
    @Raymondjohn210 ай бұрын

    A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

  • @martingiavarini

    @martingiavarini

    10 ай бұрын

    The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

  • @bob.weaver72

    @bob.weaver72

    10 ай бұрын

    in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

  • @hermanramos7092

    @hermanramos7092

    10 ай бұрын

    Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.

  • @martingiavarini

    @martingiavarini

    10 ай бұрын

    Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

  • @hermanramos7092

    @hermanramos7092

    10 ай бұрын

    My advisor is ‘’Catherine Morrison Evans’’ 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

  • @cyrilmilton
    @cyrilmilton11 ай бұрын

    The truth is that everybody wants to be financially independent and live a better life. With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realized early on that achieving financial freedom requires hard work.

  • @mykreid

    @mykreid

    11 ай бұрын

    Investment is a fabulous way to save money for the future as well as a way to generate passive income. Those who make poor mistakes early in life regret them later in life. But, if done alone, investing may be challenging and risky. For this reason, I suggest consulting experts for advice (financial advisors). The difficulty lies in effectively employing it, not just watching videos and reading investing books.

  • @GrahamCan

    @GrahamCan

    11 ай бұрын

    Sincerely, I'm moved by what you said. I have a sizable amount of money that I am willing to invest if given the appropriate knowledge and I am highly interested in investing. My greatest concern is losing money on a bad investment. I'm open to hearing your advice on how to make sensible investments as a result.

  • @suziehovic

    @suziehovic

    11 ай бұрын

    Please let me know how to contact your financial planner.

  • @mykreid

    @mykreid

    11 ай бұрын

    Sure, my advisor is Olivia Maria Lucas. In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. She has years of financial market experience plus she is also FINRA & SEC verifiable.

  • @wilsonkrusk8652

    @wilsonkrusk8652

    11 ай бұрын

    Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her.Based on her résumé, Olivia Maria Lucas appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her

  • @GillerHeston
    @GillerHeston10 ай бұрын

    BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.

  • @rogerwheelers4322

    @rogerwheelers4322

    10 ай бұрын

    It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions.

  • @joshbarney114

    @joshbarney114

    10 ай бұрын

    Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with "Colleen Janie Towe", a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $820K.

  • @FabioOdelega876

    @FabioOdelega876

    10 ай бұрын

    @@joshbarney114 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.

  • @joshbarney114

    @joshbarney114

    10 ай бұрын

    @@FabioOdelega876 Actually, I've shuffled through a few advisors in the past, and "Colleen Janie Towe” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself

  • @FabioOdelega876

    @FabioOdelega876

    10 ай бұрын

    @@joshbarney114 Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, thanks for sharing.

  • @Richardcarlett
    @Richardcarlett11 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?

  • @EllenAbrex

    @EllenAbrex

    11 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.

  • @HarrietBemish

    @HarrietBemish

    11 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

    11 ай бұрын

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

  • @HarrietBemish

    @HarrietBemish

    11 ай бұрын

    @@DavidRiggs-dc7jk 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

    11 ай бұрын

    @@HarrietBemish I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks

  • @alexsteven.m6414
    @alexsteven.m641411 ай бұрын

    Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.

  • @valeriepierre9778

    @valeriepierre9778

    11 ай бұрын

    In this moment, when you can use a capable portfolio advisor to passively learn about and experience a fully varied market, it has never been easier to understand how to increase your money. The implications of a rising or declining dollar on assets, in my opinion, are difficult.

  • @yolanderiche7476

    @yolanderiche7476

    11 ай бұрын

    @@valeriepierre9778 If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now...

  • @bernisejedeon5888

    @bernisejedeon5888

    11 ай бұрын

    @@yolanderiche7476 Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.

  • @yolanderiche7476

    @yolanderiche7476

    11 ай бұрын

    @@bernisejedeon5888 My advisor "Julia ann finnicum", is a highly respected financial consultant in the industry. For further information or to connect with her, a simple online search with her name will suffice. I wish you every success in your endeavors

  • @edelineguillet2121

    @edelineguillet2121

    11 ай бұрын

    @@yolanderiche7476 This recommendation comes just in time because I'm literally grasping for straws right now! I looked her up on the internet and made plans to call her.

  • @mosesabruzzi3087
    @mosesabruzzi308711 ай бұрын

    For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

  • @markdorman7208

    @markdorman7208

    11 ай бұрын

    Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.

  • @jimmyprusty2663

    @jimmyprusty2663

    11 ай бұрын

    I agree with you, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k

  • @jamesshiff9597

    @jamesshiff9597

    11 ай бұрын

    @@jimmyprusty2663 Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

  • @jimmyprusty2663

    @jimmyprusty2663

    11 ай бұрын

    My advisor is *"LINDA PEREZ LEWIS".* 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

  • @jamesshiff9597

    @jamesshiff9597

    11 ай бұрын

    @@jimmyprusty2663 I just looked up the broker you suggested on Google and I'm incredibly impressed with her credentials,so thank you for sharing. I scheduled a phone call with her.

  • @johnnywalker2870
    @johnnywalker2870 Жыл бұрын

    People are missing the point. It's not about having an alternative, it's about not using the USD. Countries around the world are realizing that they can trade with each other using their own currency rather than the USD.

  • @kokovin6808

    @kokovin6808

    Жыл бұрын

    Follow the oil trail. US managed to suppressed Saddam Iraq when he raised the idea of trading oil in Euros, Gaddafi when he raised the idea of trading oil in gold dinar, who is US going to suppress this time when many other countries are warming up to the ideas of trading in their own currencies with BRICS countries supporting that idea. The day US used Swift to sanction Rusia is when most country said enuf is enuf. The day Saudi starts trading oil in Yuan or BRICS currency is end of US dollar world dominance make no mistake about it.

  • @rogerdiogo6893

    @rogerdiogo6893

    Жыл бұрын

    You are missing the point, they go back to bart and tender products, without money, we all gonna be poorer and more miserable 😢

  • @yougetaspear7799

    @yougetaspear7799

    Жыл бұрын

    ​@@rogerdiogo6893 just as there's poor minorities in amerikkka dying on the streets while asking themselves, "but where's this weaponised fiat vapor printed from thinair anyways which I'm denied access to".🤷🏿‍♂️

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    @@rogerdiogo6893 if by ''we'' you mean americans... then yes... YOU all gonna be poorer and more miserable 😆😄😅

  • @chitaegandalalake263

    @chitaegandalalake263

    Жыл бұрын

    . BRICS-Gold is the downfall of the US-dollar, Euro and 5-Eyes currency.

  • @WeAretheWorld89
    @WeAretheWorld89 Жыл бұрын

    Believe in Western media this is no alternative? Smart people don't see western Media

  • @SoYappy

    @SoYappy

    Жыл бұрын

    And the notion that there is a viable alternative is self serving view. Not in another 20 years.

  • @ffervescence
    @ffervescence Жыл бұрын

    How can u call America a transparent government? That is entirely untrue

  • @aguyontheinternet9095

    @aguyontheinternet9095

    Жыл бұрын

    Entirely true. That said the USA's dirty laundry is a bit more out in the open than say...name a communist country.

  • @patrickfarrell5092

    @patrickfarrell5092

    Жыл бұрын

    100% correct

  • @shamsalizay9280

    @shamsalizay9280

    11 ай бұрын

    Agree

  • @bullfrog5037

    @bullfrog5037

    11 ай бұрын

    You obviously have puke for brains.

  • @brothercaleb

    @brothercaleb

    10 ай бұрын

    😂😂😂 they’re delusional

  • @keith6371
    @keith6371 Жыл бұрын

    China went from having no auto industry to becoming the largest auto manufacturer AND exporter in less than. 10 years, a process took Japan and S korea more than 40 years. The thing about China is things can happen very very fast

  • @nunoalexandre6408

    @nunoalexandre6408

    Жыл бұрын

    True!!!!!!!!!!!!!

  • @aksbeixhev

    @aksbeixhev

    Жыл бұрын

    Lol we built car factories with Chinese contractors, you just copy what we already do loosers

  • @geoff9858

    @geoff9858

    Жыл бұрын

    It is the domestic market that is hugh. My country could not match the scale of economy and find it cheaper to buy certain parts from them rather than produce it. Quality wise depends on what price one is willing and able to pay. 70% of EU price will get you parts that is just as good as you can get from EU I believe today it might be cheaper given the cost of energy EU is forced to buy.

  • @GeorgeChuy

    @GeorgeChuy

    Жыл бұрын

    So is with China's aging process😂

  • @mjmf1430

    @mjmf1430

    Жыл бұрын

    Maybe it has older population than Africa and India, but China still has a younger population than most European countries, America and Japan, no?

  • @M_Harry2
    @M_Harry2 Жыл бұрын

    It's quite interesting and informative, but if you want to be financially free, don't depend on just one source of income, invest for tomorrow's future, and then see how delighted you will be in due time.

  • @J_parker

    @J_parker

    Жыл бұрын

    Investing provides a means of allocating money in the but to generate income or profit in the future. By investing, individuals can set aside funds while going about their day-to-day business, allowing their money to work for them and reap the rewards of their labor in the future. It is important to invest wisely, make informed decisions and carefully consider the risks and potential returns associated with each investment opportunity.

  • @King_jacky

    @King_jacky

    Жыл бұрын

    Thank you for sharing. Financial education is crucial today, and a buy-and-hold strategy may not be effective. Sherman Williams Trading taught me a lot about trading and improved my financial situation. Using trade signals generates competitive returns and stability. Time in the market vs. timing the market helps investors stay calm. Since I started, I've been making more money and seeing positive results.

  • @sylvesterluke5543

    @sylvesterluke5543

    Жыл бұрын

    The stock market is a place where companies raise capital by selling stocks or shares to investors. Shares give shareholders voting rights, as well as a residual claim to company profits in the form of capital gains and dividends. But investing in cryptocurrencies is better because you earn more and better. It pays off better investing with Sherman Williams Trading....

  • @lonutifrim2750

    @lonutifrim2750

    Жыл бұрын

    >

  • @Smith.ash2

    @Smith.ash2

    Жыл бұрын

    < Sherman Williams Trading

  • @keirenle
    @keirenle Жыл бұрын

    Dedollarisation is not just accelerated organically but it is an absolute necessity for many countries to remain sovereignty , not just China in my opinion. What we have now is a superpower in decline, USA is going great length to secure its position by weaponisation its everything. First, its ideology. Then its military. Its economic/trades, and finally its dollar. What other countries have done is just the reaction, a derisking measures to safeguard their economies really.

  • @scotteric8711

    @scotteric8711

    Жыл бұрын

    🏆 Bingo.

  • @aksbeixhev

    @aksbeixhev

    Жыл бұрын

    China will sink before USA. They are both in decline, only difference is China has no friends among advanced economies. And their demographics is collapsing much faster (like Japan and SK) I support more alternatives to USD but see none yet

  • @keirenle

    @keirenle

    Жыл бұрын

    @Jonas there are no friends in political Arena. Just allies. let's not forget that China does not rise alone. They are just powerful enough to openly challenge the establishments and emboldened others to speak up. Since 92, the world has only one voice, the American narrative. The world has only one superpower, the American. EU is just tagged along, really. It s true that China has plenty of its own problems, but their problems are not exclusive. At this point, it is coming down to who can manage these challenges better. China may not reach the level of American power decade past, but they don't have to. America has been doing enough self-harm to help along. It would be interesting to see how everything goes

  • @alanssshh

    @alanssshh

    Жыл бұрын

    China always does win win business. that means everybody with brain like to be friends of China other than American.

  • @mustg4891

    @mustg4891

    Жыл бұрын

    ​@@aksbeixhev nice joke buhahahahahahahaha😂🤣

  • @kaimingraymondchoi9909
    @kaimingraymondchoi9909 Жыл бұрын

    De-dollarising will come faster than expected.

  • @ABC060491
    @ABC060491 Жыл бұрын

    I keep hearing there are "no viable alternatives" but this is essentially a Euro-centric view. A voice from the global south would really help this panel.

  • @jerrynaga5917

    @jerrynaga5917

    Жыл бұрын

    They still believe Europe is a garden 🤣

  • @cheewee1979

    @cheewee1979

    Жыл бұрын

    They're in a state of denial. Dedolarization is not just an option, it's a must after what happened to Russia. As for alternatives, they're judging from a western perspective what is a viable alternative. Assuming all other currencies are not suitable, we can still use gold! Good luck Europe! Please take all USD from the rest of the world since you love it so much! If it's not enough, the US can print more. easily!

  • @geoff9858

    @geoff9858

    Жыл бұрын

    ​@@jerrynaga5917 true a garden tgat is getting harder to maintain due to rising cost

  • @dachochiyo3992

    @dachochiyo3992

    Жыл бұрын

    you can be arrested within 5 minute if you were theft or do something illigal in Shenzhen. when you come visit this city, China know your bio...their smart city system is really scary

  • @EveHawaSinare-sy5hy

    @EveHawaSinare-sy5hy

    Жыл бұрын

    You are right. See my comment above. Iam from Africa, part of the South.

  • @garysetiadi366
    @garysetiadi366 Жыл бұрын

    The problem with the dollar is the unlimited amount of printing

  • @kokovin6808

    @kokovin6808

    Жыл бұрын

    imagine one fine day when all the US dollar dumped by other countries started finding its way back to the US shore...when countries around the world starts the de-dollarization exercise where will all these papers go?

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    @@kokovin6808 back to USA... and you will see a bread cost 10$

  • @DavidThomas-fb8bq

    @DavidThomas-fb8bq

    11 ай бұрын

    Something has to change. They're strangling the world.

  • @antsarafenomanjato7509

    @antsarafenomanjato7509

    11 ай бұрын

    It will worth no more than toilet papers

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    11 ай бұрын

    @@antsarafenomanjato7509 it will worth the real power of US economy... like EURO

  • @stevenk1468
    @stevenk1468 Жыл бұрын

    Are they real economists? And why the focus is again China? It is not only China dumping Dollar but also Japan, Germany, France, Isreal ... Firstly no major countries except US itself like the Dollar dominance and their dependency on the disastrous US fiscal politics, secondly people are losing their trust in dollars slowly due to many reasons (sanctions, bad economy, bankruptcy, debt limit... ) . This doesn't mean that anyone would use yuan or ruble instead of dollar, but a responsible government will diversify their reserve more to mitigate risks.

  • @keirenle

    @keirenle

    Жыл бұрын

    Totally agreed. It s an political incentive as much as an economical one to dedollarise.

  • @tslee8236

    @tslee8236

    11 ай бұрын

    Even Americans are moving to gold. Look at Utah, Wyoming, Nevada, New Hampshire and soon Texas.

  • @Isaac_D_Huang
    @Isaac_D_Huang Жыл бұрын

    Real problem is denial of the existence of the crisis.

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    US is more worried about balloons these days.

  • @Rina-wv4ek

    @Rina-wv4ek

    11 ай бұрын

    @@johnsmith-cw3wo and sending $Trillions to Ukraine, while its own people are suffering.

  • @bullfrog5037

    @bullfrog5037

    11 ай бұрын

    There isn't a crisis, moonbat.

  • @bullfrog5037

    @bullfrog5037

    11 ай бұрын

    @@Rina-wv4ek Sending trillions of dollars to Ukraine? Whatever you are smoking, I'll take some of that.

  • @myvoiceafrica254
    @myvoiceafrica254 Жыл бұрын

    The missing link in this debate is The Return of the Gold Standard. The Dollar was initially pegged to the gold standard. The Euro as a Union Currency has never been pegged to the gold standard. The BRICS union Currency seeks to be pegged to the gold standard as well as precious minerals. China does not seek to have the Yuan as a reserve currency.

  • @tamsanqangcobo2086

    @tamsanqangcobo2086

    Жыл бұрын

    Spot on!

  • @mandarinandthetenrings2201

    @mandarinandthetenrings2201

    Жыл бұрын

    Yea that won't happen Abraham because as soon as a you go on the gold standard the countries around you will artificially lower their fiat currency and rob you blind. LOL hahahahahahahaha 🤣 That why no one use the "gold standard" any more.

  • @cheewee1979

    @cheewee1979

    Жыл бұрын

    China is an export oriented country, a strong yuan is not to it's advantages. China is not seeking to replace the USD with yuan, but to remove USD as the reserve currency and replace it with something neutral. Without the reserve currency status, US will not have unlimited wealth. Without wealth, US military will withered like dried leaves.

  • @logician3641

    @logician3641

    Жыл бұрын

    @@cheewee1979 Also withoutht wealth, the US, China's largest trading partner, wont be buying China's cheep stuff anymore....

  • @armandomontillero8379

    @armandomontillero8379

    Жыл бұрын

    To remove the dollar from the top reserve currency position is what the China wanted. Just like most country in the world. Be able to trade with own money and i think the BRI will do that.

  • @vuxulu
    @vuxulu Жыл бұрын

    This needed a commentator from the global South where countries are really seeking to move away from the imperialist dollar system, any alternative is welcomed.

  • @godcandidate9065

    @godcandidate9065

    Жыл бұрын

    Sonkopheeee🙌🏽🙌🏽🙌🏽, owasendlini yakwethu wena. We need an alternative from the Dollar, what surprises me is the level of denial from the west of the dollar dethroning. Bafo as much as I love change, do u think this is the best move?

  • @pvxmovies9611

    @pvxmovies9611

    11 ай бұрын

    @@godcandidate9065 we will makes sure the dollar is only relevant in usa

  • @bullfrog5037

    @bullfrog5037

    11 ай бұрын

    Good luck loon.

  • @DavidVelasquez9
    @DavidVelasquez911 ай бұрын

    Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

  • @Kurt5Dobson

    @Kurt5Dobson

    11 ай бұрын

    yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.

  • @DavidVelasquez9

    @DavidVelasquez9

    11 ай бұрын

    @@Kurt5Dobson Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years,

  • @Kurt5Dobson

    @Kurt5Dobson

    11 ай бұрын

    @@DavidVelasquez9 True, 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 yo help?

  • @DavidVelasquez9

    @DavidVelasquez9

    11 ай бұрын

    @@Kurt5Dobson Having a counselor is essential for portfolio diversification. My advisor ASHLEY AIRAGAHI who is easily searchable and has extensive knowledge of the financial markets.

  • @Kurt5Dobson

    @Kurt5Dobson

    11 ай бұрын

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  • @Tate78193
    @Tate78193 Жыл бұрын

    President Gaddafi had the idea of gold-backed currency called the Dinar where Arab and African countries would use. Ironically, he was killed. The same concept is now practiced by powerful countries and its going to change dynamics. Gold-backed currencies are bound to success unlike Fiat. With the inflation and interest rate hikes in USA, the dollar is bound to fall soon.

  • @alanssshh

    @alanssshh

    Жыл бұрын

    well said

  • @piyushjaiswal9283

    @piyushjaiswal9283

    11 ай бұрын

    True , china , India and Russia - are into it. And they militarily very powerful on their own. Only the US naval power is too great in comparison though

  • @bellybutton6138
    @bellybutton6138 Жыл бұрын

    The bald gentleman has a lot of confidence in the dollar. 10 years later let us see what is the state of play.

  • @tomaszcz_k
    @tomaszcz_k Жыл бұрын

    Life is a weird, beautiful experience when you step back and look at it. Grateful to be here with you all, Working with a financial expert could truly set you up for life. I'm delighted I was able to contact my coach Rodger Michael Karl earlier this year because while others were busy whining about the downturn I was busy cashing out from my portfolio, finally making over 370k only for the first quarter. of the year.

  • @CharlesBWillz

    @CharlesBWillz

    Жыл бұрын

    Every family has that one person who will break the family's financial struggle, I always hoped I became the one, Rodger Michael Karl helped transformed my life, he has been amazing, and ever since I met him, my life has taken a positive turn because of the passive income through his knowledge....

  • @Windarti30

    @Windarti30

    Жыл бұрын

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  • @ralfm-mg7oo

    @ralfm-mg7oo

    Жыл бұрын

    Rodger Michael Karl. Has helped us become debt-free and save for retirement." I made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action

  • @stanleyzac1648

    @stanleyzac1648

    Жыл бұрын

    Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.

  • @chitaegandalalake263

    @chitaegandalalake263

    Жыл бұрын

    . BRICS-Gold is the downfall of the US-dollar, Euro and 5-Eyes currency.

  • @RichardBrett899
    @RichardBrett899 Жыл бұрын

    This panel of "economists" only talked around in circles. I didn't learn a thing, but thank you for whatever you were trying to discuss.

  • @legacymedia8468
    @legacymedia846811 ай бұрын

    I used to feel overwhelmed when my portfolio would drop a few dollars. Now that I've learned how the market works, I see bear markets as a giant opportunity to build generational wealth for me and my family. In just 5 months my portfolio have accrued gains of over $300k

  • @kaylawood9053

    @kaylawood9053

    11 ай бұрын

    Exactly the stock market is a crucial step to becoming fnancially free, but it will only give you good returns if you understand how the markets work.

  • @mesutserim1595

    @mesutserim1595

    11 ай бұрын

    @@kaylawood9053 As an old investor i see the current stock market downturn as a giant opportunity to build generational wealth for me and my family. I was deeply invested all in 2017/2018/2019/2020 so far i've accrued roughly $920,000 since 2017 and i hope to get more . Credit to my Fnancial-advisor "Heather Lee Larioni"

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    @traviswes7082

    11 ай бұрын

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    @mesutserim1595

    11 ай бұрын

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  • @traviswes7082

    @traviswes7082

    11 ай бұрын

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  • @romanussaal712
    @romanussaal712 Жыл бұрын

    Some expert Americans still try to find an errors in De- Dollarization to stay positive...while De-dollarization already happening....however is great to stay positive...I thank you...

  • @scotteric8711

    @scotteric8711

    Жыл бұрын

    Notice how desperately the media and Powell will try to gaslight americans into persecuting and believing these nations decentralizing are "enemies." Meanwhile the De-dollarization will be the greatest move of checks & balances in terms of our government being forced to operate ethically and responsibly. The rest of the world has been defrauded much worse than the tax payers.

  • @alanssshh

    @alanssshh

    Жыл бұрын

    and one of the reasons is the stability of the US dollars after American printing as much as they want. what a joke. lol

  • @rockychannel9193

    @rockychannel9193

    Жыл бұрын

    Those countries leaving a dollar without a long term plan are the once that will crumble their economies.

  • @aminuaudi5012
    @aminuaudi5012 Жыл бұрын

    There is no way you can harm so many people , by sanctions, confiscating their assets ,exclusion from international trade, generally destroying their economies and exporting inflation and expect things to remain the same. Humans have a capacity to find solutions to pressing problems, and the Dollar has become a pressing problem for most of the world in one way or the other. Sooner rather than later the dollar has to give way to a bunch of currencies , gold or a combination of these things.

  • @gundam12p

    @gundam12p

    11 ай бұрын

    True ! I am also buying gold and ditching my dollars.

  • @Harperrr.99
    @Harperrr.99 Жыл бұрын

    I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

  • @corrySledd

    @corrySledd

    Жыл бұрын

    Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

  • @AUstinnesc

    @AUstinnesc

    Жыл бұрын

    @@corrySledd My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. Haha.

  • @McElvinn

    @McElvinn

    Жыл бұрын

    @@AUstinnesc For real, I've wanted to switch to a wealth manager. Please, could you recommend yours?

  • @AUstinnesc

    @AUstinnesc

    Жыл бұрын

    @@McElvinn Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "NICOLE DESIREE SIMON" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

  • @McElvinn

    @McElvinn

    Жыл бұрын

    @@AUstinnesc This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.

  • @edwardquaye6148
    @edwardquaye6148 Жыл бұрын

    The reasons that there is no alternative is deceiptive

  • @obinnaezealah2465

    @obinnaezealah2465

    Жыл бұрын

    They keep pushing that narrative because they are scared.

  • @sigmasix3719

    @sigmasix3719

    Жыл бұрын

    It's propaganda lies, the dollar enslaves the world

  • @Murmilone
    @Murmilone Жыл бұрын

    We don't replace the USD with the RMB. We replace the USD with other peer-to-peer currencies in international trade. It can be the RMB, the Indian rupee and any other currency. Dedollarization has nothing to do with the Chinese monetary and forex policy.

  • @truthfiction8408
    @truthfiction8408 Жыл бұрын

    I still find this discussion grossly underestimate the power of the intrinsic attribute value of money. What sense will it make if your country is being sanctioned to smouldering just because you want to use a certain currency? People also have their national pride and would deviate from a dollar being weaponised unfairly against their own countries.

  • @Cristian_M_
    @Cristian_M_7 ай бұрын

    You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires.

  • @eileengardner5462

    @eileengardner5462

    7 ай бұрын

    I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

  • @ramadhanipongela1360

    @ramadhanipongela1360

    7 ай бұрын

    Wow, really. I was able to make my $25k on investment

  • @kiyotofujita2178

    @kiyotofujita2178

    7 ай бұрын

    ​@@eileengardner5462I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings

  • @hamidu_-

    @hamidu_-

    7 ай бұрын

    Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate .

  • @zoeyswaniawski7306

    @zoeyswaniawski7306

    7 ай бұрын

    You’re right but a lot of people remain poor due to ignorance

  • @alfray1072
    @alfray1072 Жыл бұрын

    China / ASEAN nations can create their own bloc currencies with gold/silver, resources. The idea that everyone will go to the USD for safe haven is delusional.

  • @Edithhandle
    @Edithhandle Жыл бұрын

    America prints money carelessly 😂😂 we all have to be clueless to keep accepting that paper.

  • @think_again82
    @think_again82 Жыл бұрын

    It all started in petro dollar and ends with petrodollar, got it?

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    this guys are huffing so much COPIUM is hilarious.

  • @wahomeadvocate
    @wahomeadvocate Жыл бұрын

    The thing is countries will have alternatives to the dollar. This means that the dollar value will go down.

  • @alanssshh

    @alanssshh

    Жыл бұрын

    correct

  • @rockychannel9193

    @rockychannel9193

    Жыл бұрын

    N then start growing in value again after the new alternatives prove infective and not protected from money laundering schemes. They will run back to the dollar.

  • @wahomeadvocate

    @wahomeadvocate

    Жыл бұрын

    @@rockychannel9193 The dollar is just printed money that is why everyone is running from it.

  • @mikexhotmail

    @mikexhotmail

    Жыл бұрын

    @@rockychannel9193 money laundering schemes = Dollar

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    @@rockychannel9193 in your dreams... the game is over... no matter how much COPIUM are you huffing. the entire house of cards called American Economy will crumble once the money printing machine will become useless.

  • @abecampbell8009
    @abecampbell8009 Жыл бұрын

    Ralph is strong rep of people who are living in oblivion or stuck their head in the sand. Dollar is worthless paper against a gold based international currency. Till that time buy gold and keep gold.

  • @trijonosoegandhi9018
    @trijonosoegandhi9018 Жыл бұрын

    No wonder asian moving faster than europe since we are already dumped usd and europe just started playing catch up .

  • @kennymacheng5896
    @kennymacheng5896 Жыл бұрын

    This is a very biased discussion... Waste of my valuable time!!

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    this guys are huffing so much COPIUM is hilarious.

  • @franciscorosa760
    @franciscorosa760 Жыл бұрын

    Mr. Ralph is trying to convey the (true) idea that ordinary people always prefer the dollar, which is a "strong currency" or rather, "it seems" since it is current that in reality the dollar is not worth the paper where it is printed! To forget that the heads of the governments of Brazil, India, South Africa and mainly Saudi Arabia, (Petrodollars) are not ordinary people, and have the power to decide in which currencies the big businesses that these world powers are made, and some time ago they decided to make them in currencies other than dollars. And he also argues that the idea of ​​de-dollarization is old, and is already 30 years old. That is also true, but he`s forgetting that at that time neither Russia, nor China, nor Brazil, nor South Africa, nor Saudi Arabia, nor India, were replacing the dollar as an international reserve currency, as they are doing now. And he says that nobody trusts Russia, but unlike the dollar, the ruble is backed by gold. The dollar has no real support. And it will no longer have a chance to have any support, hence the inevitable debacle.And this makes me think that in reality the destruction of the dollar and the (real) bankruptcy of the US is closer than I thought!

  • @alanssshh

    @alanssshh

    Жыл бұрын

    totally agree with you

  • @franciscorosa760

    @franciscorosa760

    Жыл бұрын

    @@alanssshh No matter how effective rhetoric is, it can never erase facts. It can distort them, but it can never make them disappear.

  • @weichengcn
    @weichengcn Жыл бұрын

    I am afraid those two on video link had no clue why developing countries wanted to shift away from US dollar. Particularly the guy seems to be living under a stone and had no idea about China, yet he kept making baseless assumptions.

  • @laurentTru7450
    @laurentTru7450 Жыл бұрын

    How does Europe view becoming poorer??

  • @MiJi_29

    @MiJi_29

    Жыл бұрын

    Gotta ask Zimbabwe for that

  • @LouielamsonTranNguyen

    @LouielamsonTranNguyen

    Жыл бұрын

    Xi Jinping Belt and Road Initiative BRI is Dead? And BRICS try using the CCP currency, to De-Dollarization US dollar? Possible, impossible is still the question. But reality is the US dollar continues dominate currency, and financials of the worldwide markets today .

  • @user-ry2qs7xf9k

    @user-ry2qs7xf9k

    Жыл бұрын

    war.

  • @Olwethu._.Mkhwanazi
    @Olwethu._.Mkhwanazi Жыл бұрын

    As a south african i can see how the west got into this situation... Americas arrogance pluse Europes ignorance lead you in this situation

  • @dominiqpowell37
    @dominiqpowell37 Жыл бұрын

    As a comment said the Brics currency will be pegged to the gold standard and therefore it will be a secure currency,because the dollar is run on a fiat basis, you cannot keep printing money that is backed by air.

  • @pinangsungai2116
    @pinangsungai2116 Жыл бұрын

    Why must the west worry about country not using US dollars in their trade. Why must country pay using US dollars, when you can trade your prefer currentcy.

  • @AlexBarton-oj1ko

    @AlexBarton-oj1ko

    Жыл бұрын

    You should look into South America. A few of them have switched to the dollar because their currency is massively weaker compared to USA, due to mismanagement, ideology and price fixing.

  • @elvinmari251
    @elvinmari251 Жыл бұрын

    Dollar is a cheap toilet paper, good for wiping your backside. People ain't playing that game anymore

  • @heyidiots.

    @heyidiots.

    Жыл бұрын

    There is nothing stronger than the dollar What you speak about 3 world country’s currency

  • @asiaone999
    @asiaone999 Жыл бұрын

    "Joining me is the director of Euro Intelligence.... " then, Euro Intel Director ," I've been predicting for the past 25 years and i was absolutely wrong" ...... how cool, still has the effin job.

  • @willng247
    @willng247 Жыл бұрын

    The more I hear this, the more I realise how wrong and how badly they get it wrong about bricks about China investment it’s laughable

  • @milanuhliar8315
    @milanuhliar8315 Жыл бұрын

    SK : USD can be use as toilet paper . 🤣

  • @zhenwenlu2607
    @zhenwenlu2607 Жыл бұрын

    There is no need to look for a direct replacement of the USD. Even if the USD no longer exist, world trade will still have to carry on.

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    the world did trade before USA even existed.

  • @JW-rx7ul
    @JW-rx7ul Жыл бұрын

    At the moment, the Chinese RMB is not a free trading currency, and RMB based derivatives are very limited. So there is no chance that it will replace the USD even if China is to become the largest trading nation in the world. However, it will be a different story when the US and China decouples completely. By then, the rest of the world will have no option but to rebalance their foreign currency reserves. Simply put, de-dollarization doesn't have to mean replacing the USD with another curreny. It just means don't put all your eggs in one basket which is widely considered sound financial management.

  • @kaisuski
    @kaisuski Жыл бұрын

    Saudi Arabia and Iran have made a peace agreement, Saudi Arabia signed an agreement with China for 30 years to sell oil for yuan, all these will lower the value of the dollar.

  • @alanssshh

    @alanssshh

    Жыл бұрын

    correct

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    @@alanssshh this guys are huffing so much COPIUM is hilarious.

  • @wassdepp1
    @wassdepp1 Жыл бұрын

    Russian economists have given westerners a masterclass on economics. Check mate on their own game capital theory

  • @rebrana
    @rebrana11 ай бұрын

    Relying on US treasuries for reserves has proven to be very risky, as demonstrated by the recent failure of banks.

  • @dgyson
    @dgyson8 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.

  • @Rodxmirixm

    @Rodxmirixm

    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.

  • @rizalukman7982
    @rizalukman7982 Жыл бұрын

    In my view dedolarization is a long term process.Since euro has been launched most of European countries has been beginning to reduce the use of US dollar.The BRIC country has been started in early 2000 and now has started to emerge as one of the biggest Economic power.If all government trades between the country can use BRICS currency instead of dollar then some proportion of US dollar Will be reduced.Last for other emerging countries which has trade China they can start using their own currency and Yuan.

  • @SoYappy

    @SoYappy

    Жыл бұрын

    Even the Chinese prefer King Dollar over Yuan. Nouf said.

  • @jayakumarkaarikuzhy4713

    @jayakumarkaarikuzhy4713

    Жыл бұрын

    Not just 'some portion 'but more than fifty percent of global trade has already gone away from dollar. Replacing dollar will be a slow process as each country is not willing to give control over its currency. If the Chinese forego their 'rights' in manipulation of the value of their currency Yuan will be best. Anyway before the end of Ukraine war the Brics Plus will, hopefully, come to an agreement.

  • @SoYappy

    @SoYappy

    Жыл бұрын

    @@jayakumarkaarikuzhy4713 BRICS will come to nothing agreement. Indian always hopes to play a big role sitting across the table from China but the reality is India is nothing without the west propelling them. I hope they make the right choice by not treating everyone as a fool.

  • @mandarinandthetenrings2201

    @mandarinandthetenrings2201

    Жыл бұрын

    Euro can never be the Reserve Currency the European Union demographics have collapse, they now have to much people over 50's. So they must run a trade "surplus" so the cannot print more money. BRIC's nations to are too poor the don't have the money and China will not become the a Reserve Currency they already said "No" to such things. They are sitting on trillion US dollar cash, they intend to use it.

  • @jayakumarkaarikuzhy4713

    @jayakumarkaarikuzhy4713

    Жыл бұрын

    @@SoYappy Your understanding of international relations is amazing! I am not privy to any decisions of BRICS but I know very well that it's a global cooperation of countries which is of more than 50% of global economy and in geographical area and more than 75% in global population. There are so many reasons to abandon dollar, including their bullying, so-called sanctioning for trivial reasons,etc. Why those countries are increasingly going after gold ( where in the west is gold mined?) to make their reserve by reducing the dependence on dollar? When did the west 'propel' India? Perhaps you are not aware that India is the fourth or fifth largest economy in the world and the third biggest importer of petroleum crude oil . I believe that only your country has the distinction of considering every other country as fools, but never India because we know pretty well that the aforementioned country will lose its relevance in the comity of nations more quicker than they consider others as fools!

  • @chev8494
    @chev8494 Жыл бұрын

    They are forgetting one thing. Oh, nope they just said it. Gold. Central Banks are increasing their gold holdings. I hold lots of gold. It's the best inflationary hedge. Why is the only choice another fiat currency?

  • @mgronich948
    @mgronich948 Жыл бұрын

    A major problems with the discussion on de-dollarization is that on one side, it's doom and gloom and the world economy will crash in 6 months and on the other side, well the world economy hasn't crashed so nothing will happen for 20 years and that's so far away it might never happen. What would be better is to discuss the smaller but nearer term consequence of the current dedollarizatoin activities. Trade between Russia and China is ~200B/yr, between Brazil and China 150B/yr. Bigger is Asean and China 800B/yr. Say in 6 months all this is done without the dollar. This reduces the amount of dollar reserves these countries need to hold and it will reduce the demand for US treasuries. How much will this drive up the interest rate the US has to pay?

  • @kortyEdna825
    @kortyEdna825Күн бұрын

    The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?

  • @NicholasHarmon-ow3jl

    @NicholasHarmon-ow3jl

    Күн бұрын

    Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.

  • @KaurKhangura

    @KaurKhangura

    Күн бұрын

    I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

  • @Pamela.jess.245

    @Pamela.jess.245

    Күн бұрын

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

  • @KaurKhangura

    @KaurKhangura

    Күн бұрын

    Marisa Michelle Litwinsky’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

  • @Pamela.jess.245

    @Pamela.jess.245

    Күн бұрын

    Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @mackbedunduk1305
    @mackbedunduk1305 Жыл бұрын

    Dedollarization "specificly" has nothing to do and direct coorelation with recent tension of China's and Russia's geopolitical policies or even with the BRICS. They just have the better than other countries on the military force and know how to really start and wage dedollarization. US Dollar obviously had been used ideologicaly, financially and geo-economicaly to betray and weaken the dollarized countries around the world for at least in last 2-3 decades, and many dollarized countries knew it long time befor the brics establishment. But they just didn't found easy ways and power to wage dedollarization as lately us dollar has also been weaponized. The natural resources rich-Dedollarizing countries in order to rise their wealth, prosperity for their ppl and strenght - they don't want anymore for being dictated, kept as 2nd-3rd world country or being poored, and imperialized by the US and its collective west allies. They're also highly determined in trying to limitating and re-eavluating their ties with the IMF. In more peacefull perspective and simple analogy, dedollarization shouldn't be recognized as a threatening effort to any countries as we knew and been teached about conversion formula in studying math. Only greedy imperialistic facist and deepenroot-ideological gangsters who see dedollarization as a serious threat and existential. These kind of thoughts soppose to be wiped out at all cost.

  • @edwardquaye5302
    @edwardquaye530211 ай бұрын

    How can a country that seize assets from even oligarchs be transparent

  • @jerrynaga5917
    @jerrynaga5917 Жыл бұрын

    Europe bet on the losing horse 🐎 🤪 🤣

  • @teckmenglee8060
    @teckmenglee8060 Жыл бұрын

    EU should take advantage of de dollarization to make Euro even more relevant in International trade.

  • @reshchak

    @reshchak

    Жыл бұрын

    Euro is not much better. It is a Fiat currency, backed by nothing. Plus, EU economies are going down.

  • @herman-6839

    @herman-6839

    Жыл бұрын

    EU same as US ...weaponized Euro to sanctions other nations to...Euro will be the next ones

  • @keirenle
    @keirenle Жыл бұрын

    Euro failed to compete with USD for an obvious reason. They are like BING, a second best search engine that lovely to have but rarely a necessary

  • @johnsmith-cw3wo

    @johnsmith-cw3wo

    Жыл бұрын

    also Eurocucks are America's lapdogs.

  • @zolanhlangulela947
    @zolanhlangulela947 Жыл бұрын

    The world is not the West..

  • @alfredoleal2101
    @alfredoleal2101 Жыл бұрын

    It's happening in your face but you still don't believe it

  • @user-ry2qs7xf9k

    @user-ry2qs7xf9k

    Жыл бұрын

    embrace it.

  • @vlogstarm.k7054
    @vlogstarm.k7054 Жыл бұрын

    DE dollartion is good for Asia

  • @user-ry2qs7xf9k

    @user-ry2qs7xf9k

    Жыл бұрын

    if the US don't nuke them.

  • @sathura4251
    @sathura4251 Жыл бұрын

    No one rule the world implicitly or Explicitly...

  • @jamesmiller2735
    @jamesmiller2735 Жыл бұрын

    The most secure asset is gold given its existence for centuries and that is never going to change so the idea that the dollar is a save haven is laughable but you can ask Venezuela, Russia, Afghanistan, Iraq,Iran,Cuba, Mozambique, Syria etc let's just not waste our time trying to ride a dead horse.

  • @xolanikhumalo3588
    @xolanikhumalo358811 ай бұрын

    Developing nations strategical shifting from USD to Chinese currency for economic development exchange.chinese economic growth is for developing nations.

  • @d.j.9995
    @d.j.9995 Жыл бұрын

    Wolfgang is the only one that understands what’s happening right now

  • @Kemfii
    @Kemfii Жыл бұрын

    Its not about an alternative, countries in the global south simply want to use their currencies to level the playing field. It's about a system where there is simple convertibility between currencies, especially in the global south. If there is a situation where one there is a severe trade imbalance between two countries then the side with the trade surplus an either request to be paid in gold, some commodity like oil or possibly in the currency of country which it buys more from. This fragmentation will result in higher inefficiency of the global financial system but The US and EU will have themselves to blame. This is what happens when you couple hypocrisy with the weaponization of economics and finance, politics takes over and the world as a whole world suffers.

  • @blafonovision4342
    @blafonovision4342 Жыл бұрын

    The PRC needs to switch from an export-led economy to a consumption-led economy.

  • @petarjasic3161
    @petarjasic3161 Жыл бұрын

    Dedollarization, sooner the better. The world is sick of parasite dollar printing. Slowly but shurely it will happend.

  • @LordiscomingTV
    @LordiscomingTV Жыл бұрын

    Dedollarisation accelerates

  • @penglim224
    @penglim2242 ай бұрын

    Barter trade is good enough. It is win-win agreement, a whisper into the aer, a nod of the head and a handshake.

  • @Aerrow62
    @Aerrow627 ай бұрын

    If you see Indian position, it's clear that they want to start off with a settlement mechanism which can work with local currencies. If that works, they don't need a new currency and even if there is a new currency, it will be just one of many. They are focusing on the infrastructure and not shortsighted to replace one hegemonic system with another. India has been pushing networks where no one entity can dominate it. Its the same model in its internal systems and same model being expoted

  • @rogerioportugal7766
    @rogerioportugal776611 ай бұрын

    Gold. Pay me your weight in gold. Paper is cheap. The money became useless....

  • @gnatandgnu6015
    @gnatandgnu601511 ай бұрын

    Over 18 minutes into the show, we still haven't got to the subject of how Europe reacts...we only have speculation from some experts about whether the dollar is here to stay. Nothing on Europe's reaction

  • @joerock1736
    @joerock1736 Жыл бұрын

    It can be done, its just a slow motion effect from the greenback. Very slow as these guests imply.🤷‍♀️🤷‍♂️

  • @akgandou
    @akgandou20 күн бұрын

    Of course there are and will be alternative. People are forgetting the fundamentals: trade requires Good and Services first, if you have that people figure out what tool to use as currency. A gold-pegged system has worked and can still work perfectly. Besides if many countries bilaterally decide to use local currencies, the job is done

  • @ignaoriginals4554
    @ignaoriginals45545 ай бұрын

    It’s about time countries start using alternate currencies

  • @tobiconsolidateworld4568
    @tobiconsolidateworld456811 ай бұрын

    7:56 I am a foreign businessman in Russia,my anwer is yes its been pleasant and yes the ruble is not as strong as the Dollar but it isn't as weak as it was before the country started it's move away from the Dollar

  • @peterbluesman
    @peterbluesman Жыл бұрын

    Think the point is, it’s not about where people are storing their assets cause currency isn’t bricks and mortar regardless. I would say the shift away is in transactions and that eventually will lessen dollar profitability.

  • @lifter1000
    @lifter100019 күн бұрын

    If a nation don't respect their own currency they are not stand behind their words and commitments, they will be taken less seriously even by their peers ☝️

  • @josephsomers2858
    @josephsomers2858 Жыл бұрын

    The USA took advantage of a system put in place to assist "ALL" countries of the WORLD They enticed Poorer nations to take loans from the IMF and the world Bank both owned by the USA then basically Took control of the Governments forcing them to enact Austerity Programs that hindered and in most cases devastated these needy nations.

  • @LiterallySomething
    @LiterallySomething11 ай бұрын

    The discussions leaned only on whether one can put the trust on the RMB Rubble or US DOLLAR, well, most will agree with the panel opinion on what currency which people will choose. But we are talking about De-Dollarization, at the end of the program, gold was negligently mentioned, I can't understand why the panel doesn't discuss Gold backed Br*cs Currencies versus the Fiat US Dollar ( once the De-Dollarization occurs ), this is to represent the true situation when a De-Dollarization take place!!!

  • @njikangclifford8259
    @njikangclifford825911 ай бұрын

    Reminds me of the Mobile/Smart phone vs the Classic Land -line! which do you use more? The US Dollar is like the Land-line. Use it if you want and and be at the mercy US whims and caprices! I will go for the Smart-Phone! it is the future!

  • @thesheepthemightythecrazy
    @thesheepthemightythecrazy11 ай бұрын

    Once the BRICS + gets their own payment currency in place, the need for reserve currency will significantly decrease. And once CBDC gets going, zero, zero need for a reserve currency.

  • @Danderman888
    @Danderman88811 ай бұрын

    It is most disingenuous to pick a panel whose dependency to the status quo of a financial system with the USD as the default global fiat currency. Why not get a panel of more unbiased personalities?

  • @shanratnam6973
    @shanratnam697311 ай бұрын

    Its not about de-dollarisation but but able to do trade directly as in ancient times with each other currency or commodity transfer. Currencies could be valued to gold or basket of currencies under a set formula will allow countries to trade among themself. It will give them freedom and saves money. The train has left the station and its a long journey.

  • @harbinger6562
    @harbinger6562 Жыл бұрын

    Dollar is stable and only stable if you are compliant ♥️🇧🇷🇹🇷🇸🇦🇿🇦🇦🇷👋🥰

  • @richardm5283
    @richardm528311 ай бұрын

    I am not an economist. But I know that the basic strength of a currency is the value of the intrinsic wealth held as collateral, and the honour of the organisation administering it. Fort Knox does not hold the largest gold holding in the world and recently the USA has politically manipulated the currency for political gain. How can the dollar survive internationally?

  • @lucagiangaspero4100
    @lucagiangaspero4100 Жыл бұрын

    Europe should be focused on building the United States of Europe: their own Regional Giants in Strategic Industries, their own Defense power, their own place in the world which should be anyway be in the area of LibDem Democracies (which implies a special relationship with USA). All the rest will be a consequence

  • @view1st

    @view1st

    Жыл бұрын

    And that's exactly what the USA is trying to prevent. The whole fiasco with Russia over Ukraine, the sanctions and the blowing up of the Nordstream pipelines is but a small part of a much bigger battle by the American deep state to preserve the hegemony of the United States. Part of that strategy is the decoupling of Europe's markets from those of China and Russia and the subsequent disruption of trade with those markets then being captured by the USA. In short the USA wants a return to the cold war.

  • @rockychannel9193

    @rockychannel9193

    Жыл бұрын

    WITHOUT THE BIG BROTHER USA THEY WILL BE RUNOVER BY RUSSIA AND CHINA. USA IS AN ALLY YOU CANT AFFORD TO LOSE IN THIS CENTURY WHERE RUSSIA AND CHINA ARE EVER PLANNING TO INVADE.

  • @mykegoh
    @mykegoh9 ай бұрын

    This video is 3 months old. With the current new geopolitical events going on such as Niger coup, Mali and Burkina Faso. Dedollarisation just went one notch ahead.

  • @georgisteklemichael2979
    @georgisteklemichael297919 күн бұрын

    The dedollarization is going faster than most of us predicted. In the next two to four years the dollar will lose its dominance by more than 80%. Back in the eighties America used the dollar as a political tool less frequently openly. Today the dollar is more than ever associated with economic sanctions, wars, militarization, coups you name it. Therefore countries are moving away to mitigate the effect of all political motivated actions against them.

  • @veronicalogotheti1162
    @veronicalogotheti1162 Жыл бұрын

    In europe we have our money

  • @cheewee1979

    @cheewee1979

    Жыл бұрын

    Europe is keeping too many dollars as reserves, when Dollar falls euro will go down with it but perhaps not as much as dollar

  • @jobanpreetsingh3911
    @jobanpreetsingh391111 ай бұрын

    The lady is very over-confident in her points. She says world trust US dollar but I think not anymore. Weaponisation of Dollar proves we cannot trust. The values of integrity, liberty and fraternity cannot further lure world, Every country wants strategic autonomy and they are working to achieve it and will achieve sooner or later.

  • @blafonovision4342
    @blafonovision4342 Жыл бұрын

    It will be very interesting if the yuan is allowed to float freely, and the PRC has no capital controls.

  • @ToyotomiHideyoshiGre
    @ToyotomiHideyoshiGre Жыл бұрын

    Japan, the U.K., the U.S. and Australia are the best combination. If the Netherlands, Norway, Israel, Mongolia, and several African countries joined them, they would be unbeatable.

  • @Murmilone

    @Murmilone

    Жыл бұрын

    You should deoccupy Okinawa and Okinawan people. And by you I mean both the US and Japan.