The US does not care how its financial policy affects other countries, and this imposes risks to all countries who use dollars. That is the main reason that more and more countries start using other currencies.

@Ksins1

Жыл бұрын

The Chinese yuan is already being bought up in the world, this currency is already better than cryptocurrencies, and the yuan has been growing for several years!! You need to withdraw dollars from the bank and buy yuan, as George Soros did!! This is necessary to save your income! The whole world is switching to the Chinese yuan!;

@mandarinandthetenrings2201

Жыл бұрын

We are not worried. The reason we allow you to use our currency is that after World War II, we broke the "Imperial Colonial System". The way that British or Spain would control it's colonies was through it currency. By allowing you to use our currency it prevent "colonial powers" from controlling your country. So if you want use some else's currency just watch you will become their colony. That why people use US dollars because it neutral.

@user-kw7lf1co2i

Жыл бұрын

kzread.info/dash/bejne/aoSWycmGh9zacbg.html

@thomasanderson1416

Жыл бұрын

@Roe Wade says: You go print some more American Rescue toilet paper.

@herrwahnsinn4229

Жыл бұрын

The US does not care how it's foreign policy murders others...

I haven't seen something so real from CNN for a long time.... thanks Zakaria!

@Damjanhd

Жыл бұрын

for more than 20 years, or when they start to lie about 9/11 and Iraq

Farid is the only honest person left in CNN to give fair and neutral analysis Keep it up

@jacquelineperet6599

Жыл бұрын

Tejas Shah No it's because he just changed his tune true always hurt

Prove that bullying does not pay off!

Just a small reminder: Muammar Abu Minyar al-Gaddafi in Libya wanted to end the dollar as payment for oil and use gold instead. We all know what happened to him.

@patrickgz

Жыл бұрын

yes, the world has learnt the lesson well and scenario is different today. a group of countries in brics are coming with alternative. 3 of its biggest members are already trading in own currencies and more are joining. usd will not be replaced by a singular currency.

@user-je2jx8cl1b

Жыл бұрын

try that with russia and china and we will see if u are still alive U just admit that ur country are murders u hypocrites so glad that the dollar is collapsing just keep listen to ur fake medea until u find out that usa is collapsing and the gold will be the standard

@blessyou163

Жыл бұрын

same wanted Saddam Hussein. We also know what happened to him

@jeremystone2658

Жыл бұрын

​@@blessyou163 mistakes like that won't happen again 😉

@lucifer12354

Жыл бұрын

China is not Libya

I always gird myself for the bad news when I watch Fareed. Always dire, often ominous.

@Gandaulf1961

Жыл бұрын

and yet.......truth straight from the hip ( cant say that about any other CNN correspondent)

@candyhotlips1338

Жыл бұрын

True.

@Ksins1

Жыл бұрын

The Chinese yuan is already being bought up in the world, this currency is already better than cryptocurrencies, and the yuan has been growing for several years!! You need to withdraw dollars from the bank and buy yuan, as George Soros did!! This is necessary to save your income! The whole world is switching to the Chinese yuan!"

@senator1295

Жыл бұрын

Often followed by Rushbots

@user-rw9tv9dj6r

Жыл бұрын

Don't confuse style with substance.

I like you're insight into the dollar, two questions I always ask myself when hearing a comparison of the current deficit to some point in the past are: is there a comment on an allowance for the trend of previous rates of increase; and, does the deficit comparison acknowledge a differential for inflation?

@mizzboomorris3276

Жыл бұрын

EXACTLY. IN A SHARED SCHEME, IF ANYTHING TKAES A DOWN TURN DUE TO UNFORESEEN FACTORS LIKE : ANOTHER GLOBAL PANDEMIC THAT 'PUTIN', RELEASED: THEN WHO ENDS UP CARRYING THE MOST OF THE DEFICIT COST????? OR IF PUTIN GOES BUST DUE TO OVER WAR SPENDING. DOES SOMEBODY ELSE IN THE TRIANGLE CARRY HIS DEBT FOR HIM?@ AS AT LEAST IN YOUR OWN INDEPENDENCE, THEN YOU CARRY YOUR OWN BORROWING OR DEBT DECISIONS TO YOUR OWN FLEXIBLE PROFITABILITY: IF NOT BE GREEDY. NOT GREEDY? PUTIN WILL NOT UNDERSTAND THE BALANCE OF THIS TERM AT ALL.@

Thanks for this additional angle.

It ddnt get overlooked, they downplayed it.

The USA America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question... Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government) China 1949 to early 1960s Albania 1949-53 East Germany 1950s Iran 1953 * Guatemala 1954 * Costa Rica mid-1950s Syria 1956-7 Egypt 1957 Indonesia 1957-8 British Guiana 1953-64 * Iraq 1963 * North Vietnam 1945-73 Cambodia 1955-70 * Laos 1958 *, 1959 *, 1960 * Ecuador 1960-63 * Congo 1960 * France 1965 Brazil 1962-64 * Dominican Republic 1963 * Cuba 1959 to present Bolivia 1964 * Indonesia 1965 * Ghana 1966 * Chile 1964-73 * Greece 1967 * Costa Rica 1970-71 Bolivia 1971 * Australia 1973-75 * Angola 1975, 1980s Zaire 1975 Portugal 1974-76 * Jamaica 1976-80 * Seychelles 1979-81 Chad 1981-82 * Grenada 1983 * South Yemen 1982-84 Suriname 1982-84 Fiji 1987 * Libya 1980s Nicaragua 1981-90 * Panama 1989 * Bulgaria 1990 * Albania 1991 * Iraq 1991 Afghanistan 1980s * Somalia 1993 Yugoslavia 1999-2000 * Ecuador 2000 * Afghanistan 2001 * Venezuela 2002 * Iraq 2003 * Haiti 2004 * Somalia 2007 to present Honduras 2009 * Libya 2011 * Syria 2012 Ukraine 2014 * 2014 - 2022 - 6 countries yet to verify. Pakistan 2022 * Haiti 2022 *

Great understanding. Thank you.

The second war of Iraq was mostly a warning against countries (Angola, Venezuela, libia) who were receiving other currencies for oil.

@arthol51

Жыл бұрын

No one cares anymore. The rest of the world has lost its fear of the bully.

@ssa6227

Жыл бұрын

So true. That was the start of end of dollar and American hegemony.

@geebones1

Жыл бұрын

Oil producing countries should follow suit for petroyuan.

@ruiferreira6578

Жыл бұрын

@geebones1 nope. The principal thing that make US hegemony look goog are the prospect of other hegemonies. Including the chinese.

@ruiferreira6578

Жыл бұрын

@arthol51 Yes. The alternatives are much worse.

of course you blamed this on Trump 😂😂😂😂😂😂😂

@aralbrec

Жыл бұрын

No one liked or trusted him internationally. He was isolationist and irrational preferring to withdraw from the world rather than find cooperation and seek consensus which have been at the root of the post ww2 international order sponsored by the US (but not only the US). From his surreal speech at the UN where he claimed to be the greatest president of all time (people laughed), to his unilateral withdrawal from the Iran deal emphasizing politics to sense, to his threats to NATO making dictators think the west was divided and weak, to the agitation he caused his closest allies by thinking small & selfishly without seeing a bigger picture, to his obvious ignorance of history and geopolitics with his refusal to learn or even study information given to him, to his ignoring and questioning the information and conclusions drawn from his own country's very competent intelligence and diplomatioc core, to his unilateral withdrawing from UN institutions letting the Chinese in in its place, to his slashing of the American diplomatic core worldwide. Yes he is probably one of the worst presidents in US history. Narrow minded, ignorant and no care or understanding of consequences the future. The only cares he had were personal gain, winning elections by feeding the delusions of the right and avoiding jail. Weakening democratic institutions in the US if it enriches himself is not even too far. I am not an American so what you're hearing here is the almost universal opinion held by your friends. He was piss poor and the cause of many of today's serious challenges. Not the only one if that's a concession you wanted to hear.

The debt spending is crazy. Even with dollar hegemony running Trillion dollar deficits makes no sense. The Fed balance sheet is a whole other bomb. They could focus on unwinding the balance sheet and see how that impacts the monetary system rather than running up interest rates. Paul Volcker did not have 8.7T in assets to unload, he would not have required 20% interest rates if he did. Yes, I get that in 1980 8.7T would have been ridiculous. Total GDP that year was less than 3T.

@eduardorodriguez1484

Жыл бұрын

So everything should have ran it’s course during the pandemic ? Fiscal auditing and I mean laser focused not politicalized would help , gutting wealthy influences on American politics would help , hell even universal healthcare would help

@Ksins1

Жыл бұрын

The Chinese yuan is already being bought up in the world, this currency is already better than cryptocurrencies, and the yuan has been growing for several years!! You need to withdraw dollars from the bank and buy yuan, as George Soros did!! This is necessary to save your income! The whole world is switching to the Chinese yuan!%

@DrewNorthup

Жыл бұрын

(1) Then raise taxes. To be perfectly frank we should probably be spending approximately 33% more than we do, and most of that on infrastructure (which we used to do in the name of defeating Communism). (2) The Fed balance sheet is only a problem if they offload or unwind it too quickly, holding it doesn't change anything-especially not the interest rate.

@matthewhearne7200

Жыл бұрын

In addition, limiting price increases has not been utilized. The main reason for inflation right now is that we have monopolies so that companies can raise their prices, not for adjustments to inflation to maintain their profit margin, but to increase their profit margin and use almost zero interest rate loans, tax breaks and subsidies to buy back their own stock and even raise their profits more, rather than so called "trickle-down-economics", in the form of hiring more, giving raises, and investing in communities.

@gattlinggun9881

Жыл бұрын

PR!NT M0RE US D0LLAR SENDS T0 M!LL!TARY INDUSTR!ES LATER THAN SENDS THE W3AP0N T0 UKRA!NE, T4!W4N AND TAL!B4N!!! 😂😂😂🤭🤭🤭

Is this the reason why my grocery bill has trippled in cost in the last year ?

Revenues are the problem, not spending. Since Reagan, investors have been preferentially permitted to divert investment into wealth accumulation instead of investing in public infrastructure and capitalizing human development (education, health, etc.). Multinational corporations have avoided paying for the security of open markets that American foreign policy and defense have made possible.

@ssa6227

Жыл бұрын

Clinton was last President with budget surplus. Bush with his crusade against Islam started the destruction of America and democracy in general.

@whatisahandle221

Жыл бұрын

👍

Kindness for kindness, blood for blood

China do not want to replace dollar with Yuan, China want to provide an alternative.

@seczajkowski

Жыл бұрын

Yaaa ok. lol You can trust a dictator if you want...

Thank you

All great effing points. This needs to be talked about a lot more.

Damage has already been done..Developing economies have become skeptical to keep their foreign reserves in dollars only rather then they have decided to diversify it in different currencies along with gold

@liversuccess1420

Жыл бұрын

Less than 3% of global reserves are held in Chinese RNB. Even the yen is a more trusted reserve currency.

@eanerickson8915

Жыл бұрын

@@liversuccess1420 The important thing is that the USD goes down.

@liversuccess1420

Жыл бұрын

@@eanerickson8915 If that's all you care about, it's going to take a lot longer than you think.

@eanerickson8915

Жыл бұрын

The problem is that most people don't have a front seat view of what America really is. Canadians do.

I am very happy to see this power plas around the world for years America been acting like they are the one who make this world and we are living in

@mariettatrapani291

Жыл бұрын

YOU WON'T BE HAPPY WHEN CHINA TAKES OVER THE USA!!!!

Thing is there's nothing one can do about any of this... just sit back and try to be happy 🙂

How long do you think it would take for this reckoning to happen?

This feeling right here is why everyone feels like we’re not on the right track. I have 2 girls in their early twenties. I’m so afraid for their future.

@chadcrow7611

Жыл бұрын

your parents were afraid for your future once upon a time. that just seems to be the way they want the sheep to feel. stay thirsty my friend.

Both the Russian Rouble and the Chinese Yuan compared to the Dollar, Pound and the Euro are absolutely worthless.

@johnmuthan286

Жыл бұрын

It's not the value in numbers that is important, but what it can be exchanged for. How good is a USD if you need $8 to 10 to buy a dozen eggs, sure the USD is worth 77 roubles, but a dozen eggs are only costing 160 roubles. On this exemple for instance which currency is better?

Powerful segment 😮

The USA and Canada can still thrive successfully, be contented, and be happy by themselves. They do not need anything else outside their borders. Name one to challenge me.

Thanks Fareed. This is a national security threat that needs more attention.

@eduardselskiy320

Жыл бұрын

As a Canadian I do not use or care about USD, why Russians o Chinese should? And how using rubls or pesos is affecting us security?

@WhiteReconcista

Жыл бұрын

@@eduardselskiy320 - What is your dollar backed by? - Well... 1. military bases around the world 2. and those tanned guys have oil - And if they do not want to give their oil? - then see point 1.

@Wolf-hh4rv

Жыл бұрын

It is not a national security threat consult comments from economists not social media celebs

@cynthiamarie2107

Жыл бұрын

@@Wolf-hh4rv Clearly you're not very good at paying attention. So sad.

@chidimarvels

Жыл бұрын

@Cynthia Marie National security threat??? Really???. You brought this upon yourself by weaponizing the Dollar. An alternative is very welcomed. It significantly reduces the capacity of a single nation to unilaterally crush the economy of another. It is simply no longer acceptable.

Wealth to Power: The Unusual Origins of America's World Role

@gimpfoot

Жыл бұрын

It's trumps fault. We should spend millions investigating him. Oh wait we already are. And guess what trump said would happen if China Joe got in office. He said all this would happen. It's happening and you sheep still hate the guy because the lying George Soros media and that's owned bought and paid for. Keep telling you sheep orange man bad orange man isn't bad. Do you ever think they go after orange man so much because he's a threat to the establishment because he's a billionaire and cannot be paid and bought off.

We didn't miss it.. the media just turned a blind eye to it and keep talking about "junior partner"!!

@70newlife

Жыл бұрын

Well said. They first lie and obscure the facts then turn around and say people missed the facts. US and Euro media have become pathetic.

@getaforeheadreduction6017

Жыл бұрын

Lol you're so right everything in the media was junior partner this and junior partner that

@cheeseongho5494

Жыл бұрын

😂😂😂😂

So true.

While we do not want a Yuan dominance, the Dollar dominance have been unfair and must end.

@steviesevieria1868

Жыл бұрын

Aw, poor you

@oliverxie9559

Жыл бұрын

A dollar dominance means the financial risks of US are shared globally. 2008 is a perfect example. Of course, one can argue that given the size of US economy, the same fallout was going to happen regardless. Diversification always reduces the risk but the world is so tied to dollars.

@steviesevieria1868

Жыл бұрын

@@oliverxie9559 yes, if the EU or China economy goes down, so will the US. It’s a global economy. You might not like it but that’s the facts..

@oliverxie9559

Жыл бұрын

@@steviesevieria1868 I was talking about the currency. It’s a connected world but one can still try to diversify their investment to minimize the risk. Companies do the same with supply chains. Countries that seek the same goal can’t afford to decouple with USD. If USD tanks, the whole world’s economy suffers. Less so if Euro tanks and much less so if Yuan tanks. It’s not anyone’s choice or preference really and the dominance of USD is the foundation of a unipolar world order.

@steviesevieria1868

Жыл бұрын

@@oliverxie9559 all good … 🇺🇸

Fareed's reports are always top rate for valuable analysis; and this in particular is poignant, powerful, and prescient.

@ishafeeqi

Жыл бұрын

Yes he was spot on with Iraq…. Such a war monger he is

@gimpfoot

Жыл бұрын

It's trumps fault. We should spend millions investigating him. Oh wait we already are. And guess what trump said would happen if China Joe got in office. He said all this would happen. It's happening and you sheep still hate the guy because the lying George Soros media and that's owned bought and paid for. Keep telling you sheep orange man bad orange man isn't bad. Do you ever think they go after orange man so much because he's a threat to the establishment because he's a billionaire and cannot be paid and bought off.

@jamalsinjab5137

Жыл бұрын

Don’t be too sure

@exequielalonsocaceresdelar7007

Жыл бұрын

Maybe the most serious analyst at CNN

Any ideas about solutions?

Australia here. You don’t think that it’s China that’s been increasingly aggressive on the international stage?

@fedoraphill8599

Жыл бұрын

It's like comparing a fruit fly to a rabid uncontrollable disease ridden coyote. China has not devastated any countries in the way the united states has, and that is excluding internal american problems like a gestapo that kills minorities especially blacks with little to no repercussions and crazy inequalities. It is ridiculous to compare China to a country that has Iraq, afghanistan, syria, libya, yemen, ukraine proxy under its belt since the year 2002. That is just the big ticket items. You can add hundreds of other disgusting villainy instances on top of that. China is the guy at the bar that bought one beer. america is the guy that raped and murdered 50 women and everyone still hangs with them.

@ksica

Жыл бұрын

How exactly is china acting aggressive? I really want to hear your reasoning

@tonymadden9021

Жыл бұрын

@@ksica Hi Rose. I’m not sure where you’ve been living, so I’ll try and give a quick summary of the atrocious behaviour by the Chinese communist party in relation to Australia. For years they have had thugs trolling around the many universities in Australia attempting to throttle free speech and intimidating ethnic Chinese students who wish to exercise their rights in this country. They have been actively interfering in all levels of political activity, from local to state and federal…..making donations to politicians surreptitiously and openly, in order to gain favours. Because the federal govt of Australia spoke out about the treatment of the Uigher minority, and requested openness during the Covid pandemic, they began an economic campaign against Australia. They banned the import of tens of billions of dollars in Australian products, from barley to seafood to wine to coal……and many others. It can only be presumed that this was an attempt to bring Australia to heel. Take note that iron ore was not a prescribed commodity, because they need that. Basically, the whole campaign backfired, as Australia found other countries to export to, and 100s of millions of Chinese suffered power failures during winter as millions of tons of Aussie coal sat on bulk carriers of Chinese ports. The Chinese secretly started the coal imports again, and with a change in govt in Australia, began to try to normalise the relationship. In the interim Australia learned a harsh lesson about dealing with president Xi. The Defence budget has been beefed up and the AUKUS deal has resulted. It didn’t have to be this way. Australia had been a firm supporter of China under previous leadership, and both countries had benefited enormously. There are many other issues that I haven’t even touched on…..the Solomon Islands…..obvious intelligence activities etc etc .

@gattlinggun9881

Жыл бұрын

🤭🤭🤭, US PR0P4G4NDA FUNDED BY C!A!!!

This is great actually. The Yuan is one of the most artificially manipulated global currencies. Those stupid enough to trade in Yuan, will deserve all the pain they’re sure to endure.

@skymaster4743

Жыл бұрын

Meh, Yuan is just a fallback option for those countries under American economic sanctions. The masterplan is actually the proposed BRICS currency that will displace the US Dollar as the reserve currency of the world in the near future.

@sa4769

Жыл бұрын

@@skymaster4743 meh, please grab your keyboard and smack your face with it. The fuc&&k is bricks lol

@tofuyam7361

Жыл бұрын

Isn't the dollar manipulate with the might of the US?

@FirehorseCreative

Жыл бұрын

@M. Brian Burchette Yes thank GOD the USD is not an artificially manipulated global currency lolol 🤣😂🤣

@patrickgz

Жыл бұрын

China has largest trade surplus or highest negative net imports on its gdp in world. it only needs payment to be made in yuan. to maintain this surplus, its in its interest to have a stable yuan. it wont replace usd but coexist, last ten years growth trend however favors the yuan

If I were a 3rd world leader, I know the drawbacks of using the USD, but how do I know the threats of letting Beijing controlling my foreign transactions? Could it be THE opportunity for the EUR?

@70newlife

Жыл бұрын

Countries use their currency to trade with each other. When they have their balance they use it to buy assets or multiple other arrangements.

@Ksins1

Жыл бұрын

The Chinese yuan is already being bought up in the world, this currency is already better than cryptocurrencies, and the yuan has been growing for several years!! You need to withdraw dollars from the bank and buy yuan, as George Soros did!! This is necessary to save your income! The whole world is switching to the Chinese yuan!:.

@mandarinandthetenrings2201

Жыл бұрын

Look Tien, the African nations f**ked over China to the tune of trillion US dollar. You think China going lay out more money try and create an new currency in which you benefit. Tien smoke more dope, seriously smoke dope.

@giselle_kvm

Жыл бұрын

You don't really know the drawbacks lol

@andrewr5405

Жыл бұрын

The US is tanking the Euro now to prop up the dollar

spot on!

The reserve should've been a basket of currency rather than just the dollar. This makes all participants invested in the system rather than trying to build an alternative system that excludes the dollar.

@Gemz0001

Жыл бұрын

BRICS

@petersinclair3997

Жыл бұрын

Too much heterogeneity between economies.

Fared said there cant be any currency that can take the dollar on and there I knew he was told speak rather than know

@SenorJuan2023

Жыл бұрын

No currency is even close to being in a position to challenge the dollar. LoL

The strength of the dollar is and will remain its ubiquity. Who in their right mind would pin their energy dependency on volatile currencies. None is going to take that kind of risk.

@klowen7778

Жыл бұрын

Look up the "Debt Trap', which so many African and South American countries are falling into w/China, so they'd love an 'alternative currency'.... the value of which China could set instead.

@praks07

Жыл бұрын

Keep thinking that and live in fantasy land . You are only considering it from a financial market perspective.not from a political one which is what this clip was about

@debbieritter2306

Жыл бұрын

You need to wake up....its already started

@giselle_kvm

Жыл бұрын

Right, that's why BRICS nations are starting to use their own currency rather than USD and why they've created the NDB to counter the predatory IMF

@petersinclair3997

Жыл бұрын

Having the United States remain as the Centre State of the West is important to multiple other countries. The USD will be protected by other strong currencies, the Euro, Yen, GBP, AUD, CND and CHF.

And yet the DXY is pushing all-time highs.

Isn't the Chinese 'Yuan' pegged to the USD? That means to keep the currency to where it is, they have to buy and sell the USD to keep the currency set to it's value.

The scary part is china's patience in this matter, they must be working behind the scenes in ways we haven't discovered yet...

@Ksins1

Жыл бұрын

The Chinese yuan is already being bought up in the world, this currency is already better than cryptocurrencies, and the yuan has been growing for several years!! You need to withdraw dollars from the bank and buy yuan, as George Soros did!! This is necessary to save your income! The whole world is switching to the Chinese yuan!:

@kensmechanicalaffair

Жыл бұрын

Yea, like they collectively with other countries sell those bonds?

@ravenblood1954

Жыл бұрын

In this situation they’re just trying to untangle themselves from Russia’s bullshit

@kail9777

Жыл бұрын

They are buying gold bc they saw what happened to Russia. China is the biggest purchaser of U.S debt but now fears the U.S wont pay back. It has bet a long time on the success of the U.S but we continue to demonize them in every way possible which is causing them to sell their U.S debt purchases.

If he mentioned it I missed it, but russia is requiring all payments for oil and gas to be made in ruples. Maybe India wants to pay in ruples, but either way they are not being given a choice.

@justinebright2328

Жыл бұрын

After Xi's visit he relented and agreed to accept the Yuan.

@garyeuscher4499

Жыл бұрын

Racist India ! Go oppress some untouchables!

@superfuss1984

Жыл бұрын

Ruble only from "Unfriendly" Countries...

@lilacer6841

Жыл бұрын

@@justinebright2328 no it was all part of the plan to internationalism the yuan. Russia and China already used yuan and roubles

”we keep searching for the single replacement for the dollar, and there won’t be one” ever heard of GOLD & SILVER? 👋

I never listen to our enemies within!!!

Yes, debt has increased many fold over the last 20 years but so has GDP. Let’s keep things in perspective!

@shlepmessing8703

Жыл бұрын

Perspective? Increasing debt and inflation with money, we don't have, sent to Ukraine?

@jaobidan2358

Жыл бұрын

Our GDP is down.

@matthewmassago3599

Жыл бұрын

Has Gdp outweighed deficit lets see if the US had it debt called on a 90 day demand note could they raise the capital

@WhiteReconcista

Жыл бұрын

DAVID GASSER Perspective? America is sliding into a collapse comparable to a fivefold Great Depression. This is an irreversible process. How do you like this good news?

@MonteRosa849

Жыл бұрын

@@shlepmessing8703 From your statement I conclude that you were one of the select few who sent all their stimulus money back to the government. But if you didn’t you are a hypocrite and have contributed greatly to our inflation problem.

The yuan is almost a closed currency. Expats in China, for example, have to jump through ridiculous hoops (of paperwork) to transfer their money out or to convert it into another currency. The Chinese government's tight control of every yuan is far too restrictive for any serious consideration of the yuan as a world currency.

@caesarinchina

Жыл бұрын

confirming, as an expat

@zackwang9314

Жыл бұрын

Of course, it is a closed currency, why would they free-float their currency just to be exploited by the Fiat USD? The Yuan is backed by the gold standard while the USD is not.

@furqan6959

Жыл бұрын

Yes in sdr basket it is now 12% from 2% from last five years now reaching 16% experts lol

@hestontan555

Жыл бұрын

​@@zackwang9314 This, is the biggest US hegemony lie.

@aleksandars9254

Жыл бұрын

@@zackwang9314 let these guys be stupid in their ignorance

This is economically illiterate tirade. The reserved status and "spending" are not related.

Fareed Zakaria have very clear English exposition but we are foreigner and sometimes unable to catch up important points, so we want that you kindly upload the CNN videos with subtitles. Thanks

Let not forget Fareed was in the same club about Kyiv being under Russia control in 3 days. let not forget that. he has been inaccurate in this since the start.

@janzzen9095

Жыл бұрын

No one saw this coming. Everyone believed the Russian army was strong and mighty

@Ksins1

Жыл бұрын

The Chinese yuan is already being bought up in the world, this currency is already better than cryptocurrencies, and the yuan has been growing for several years!! You need to withdraw dollars from the bank and buy yuan, as George Soros did!! This is necessary to save your income! The whole world is switching to the Chinese yuan!?:%

@stevenhart9004

Жыл бұрын

@@janzzen9095 Putin has ended that myth & proved Russia is a terrorist state.

@ryleneguiltry8873

Жыл бұрын

Frankly, I used to like to watch him until I understand he seem subtily anti american and now I rarely watch him cause lol! AsK am french speaking I have easily my daily dose of anti Americanism without watching american being self loathing! In fact I think american are the only countries that seem rooting against itself, werird!!!

@kossynwankwo5911

Жыл бұрын

​@@janzzen9095 as we all believed in almighty America in Vietnam and Afghanistan war ....I never knew there will be any Taliban farmers still arive😂😂😂😊

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

@ruiferreira6578

Жыл бұрын

Sim, mas é preciso ter muito cuidado com a China. Ao contrario do que se pensa, a China sempre teve ambicoes imperialistas. Tinha uma grande expansao antes de 1500 pelo pacifico e pelo indico, até á costa este africana. Por problemas internos colapsaram e os portugueses e depois os ingleses, holandeses e franceses nunca chegaram a contactar esse imperio. Mas a China, teve e tem ambiçoes hegemonicas. Agora a nivel global. Nao é por acaso que são o reino do meio. BRIC .... creio mais no Brazil e na India. China e Russia acho que tem outra agenda.

Spot on

Come on, Fareed: one doesn't pronounce the Chinese principal monetary unit as "yoo-ahn." The pinyin "yuan," is pronounced "yen" with a short "e".

The day of the dollar dominance has ended. Currently, the dollar is just 48% of global reserve currencies. And it is rapidly declining.

@patrickgz

Жыл бұрын

being 50% now compared to at highs of 70% is a fact.

@tfuta6613

Жыл бұрын

Still dollar remains...😂😂

@Gemz0001

Жыл бұрын

Brics

The US is a net importer country which means other countries have dollars. China is a net exporter country which means its very difficult for other countries to get yuans. On top of that the yuan is sometimes a fixed currency and sometimes floating. Mostly depending on the mood of the chinese governement. Good luck having trade with a currency that almost no other country has and doesn't get its value through free markets.

@FirehorseCreative

Жыл бұрын

Nobody trusts America / Wall Street anymore for good reason and that's the entire point. The rest of the world is already bailing on the USD and it started after the 2008 Wall St financial heist and land grab. The world changes and it is slowly but surely leaving unbridled capitalism behind.

@fc7424

Жыл бұрын

Hahahahaha.... China is a net importer of natural resources and food

@patrickgz

Жыл бұрын

China has largest trade surplus or highest negative net imports on its gdp in world. it only needs payment to be made in yuan. to maintain this surplus, its in its interest to have a stable yuan. it wont replace usd but coexist, last ten years growth trend however favors the yuan

@freiworksvideos3959

Жыл бұрын

LoL the value of the dollar isn't controlled by the free markets long term though - only short term ! The long term value is purely decided by how much the FED decides to print hahaha And they have printed way too much for way too long. Inflation is gonna hit big time, it's only a matter of time... Goodluck americans, you made your bed, now lay in it!

@jasonfuchs4304

Жыл бұрын

​@@patrickgz a third world country can be stable market compared to the best tier economy? Are a CCP shill?

And a watchman calls out an approaching danger.

of course they will. You can't alienate everyone and expect something different.

I'm an ex-pat in Central America and have lost 20% of my social security income just to the exchange rates in the last nine months, and that is not including the staggering inflation Latin America is suffering. This is real, not getting any better, and it hurts.

@GotoHere

Жыл бұрын

Blame Joe Biden and the democrats. Trump 2024.

@user-ww1ip1uz5d

Жыл бұрын

The deterioration of the financial condition of Central America is due to the aggressive short-sighted policy of the United States against China and Russia. The US finances will deteriorate, the finances of China and Russia will strengthen. Now the ruble has already become one of the strongest currencies in the world.

@Time2Live.online

Жыл бұрын

@@user-ww1ip1uz5d hahahahaha

@adamscease4126

Жыл бұрын

Then You are getting a bad exchange rate kid find another exchange agency.

@user-ww1ip1uz5d

Жыл бұрын

@@Time2Live.online If you want to buy gas in Russia, they won't sell it to you for "hahaha". You will have to buy for rubles.

Time will tell, China still needs Western tech, this decade will show how future will lead.

@DK-ev9dg

Жыл бұрын

They are way ahead of western tech and very innovative. This is just your illusion. Yesterday they showed world's first combat helicopter with wings.

@b.t.2795

Жыл бұрын

​@@DK-ev9dg They actually infiltrated companies like 3M. Chinese have excelled in Industrial Espionage.

@workingmamma5342

Жыл бұрын

They can get by with tech. They do need markets for all the crap they make, though. Otherwise, they'll be self-sufficient, but they won't be able to build any wealth.

@jaaksavat7916

Жыл бұрын

@D K you're delusional, what ever came out from China or Russia or any dictatorship that brought progress? When freedom of speech and expression is a forbidden fruit, innovation, renewal and invention isn't possible. China progressed and became prosperous joining the world trade organisation providing a cheap, disciplined workforce manufacturing goods for mainly westren markets

@wm4934

Жыл бұрын

@Jaak Savat Did you connect your WiFi😂

It doesn't really matter. How many transactions are conducted with Russia alone. B most countries still switch to dollars. The transaction can be in one currency but they immediately want to put it into dollars or euros. Even Russia has currency reserves in dollars or euros too. Countries do transactions in other currencies but switch to dollars or euros.

Very clever as usual. 🇨🇦

Good to see that we are driving both of our adversaries closer to each-other.

@fingaryoriaz-nc2hw

Жыл бұрын

Yup what could go wrong?

@LennyLaserdisk

Жыл бұрын

@@fingaryoriaz-nc2hw I guess that’s what happens when you put grandpa Simpson in power.

@klowen7778

Жыл бұрын

@@LennyLaserdisk Yeah, like Trump nixing the Iran treaty and adding $7 Trillion to the national debt were so 'helpful'.

@LennyLaserdisk

Жыл бұрын

@@klowen7778 1) Iran is not nearly the threat China or Russia are (very different). 2) Obama added $8.34 Trillion , and Bush added $6.1 Trillion before him 3) When Trump and Biden are the only 2 options, you know the world is in trouble!

@TheOne30264

Жыл бұрын

Don't worry, the adults in the room now.

I do not think USA has really created an "economic coalition" as such. EU has been doing these by themselves and doing a lot of things USA did not even ask for. The first sanction package was prepped and ready to go before the invasion happened. I would say the Euro is more desirable internationally than Yuan too.

@mandarinandthetenrings2201

Жыл бұрын

Let Explain something to you. When Emperor Napoleon Bonaparte sold Louisiana to President Thomas Jefferson in 1803 the economy of America would grow greater than British, French, Dutch, Portuguese, and Spanish empires combined. And that's before we took over Texas, New Mexico and California from the Spanish / Mexican Empire. We are own economic coalition, Major Moolah.

@Ksins1

Жыл бұрын

The Chinese yuan is already being bought up in the world, this currency is already better than cryptocurrencies, and the yuan has been growing for several years!! You need to withdraw dollars from the bank and buy yuan, as George Soros did!! This is necessary to save your income! The whole world is switching to the Chinese yuan!!

@KingVB

Жыл бұрын

@@mandarinandthetenrings2201 no-one will listen to you

@ryleneguiltry8873

Жыл бұрын

I am french and no way France \Germany would have done what needed if the US didn't in fact lead I the start! In fact many in France are angry about the dommage to Russia \France relationship and accuse the US for it. Second the EUro can't and won't replace the US dollar fortunely and neither is the Yuan! It will be smt else or nothing at worst for the dollars it will be less dominant but still the reserve by default

@mandarinandthetenrings2201

Жыл бұрын

@@ryleneguiltry8873 First, all you need to understand Germany population is crashing. By 2050 their population will be cut in half. You will see empty cities in Germany. So there going to be an alliance of the Germany and France. This will force Britain to make their own alliance with the Nordic countries to counter the Franco/German alliance.

You would be surprised how many countries went into a panic when the banks failed last week! They were all in a panic about it’s solvency & dependence! They are also concerned about the IS dept!

I love CNN because of the subtitles and the topics of current life.

Russia and China are diversifying from dollar not because it's getting stronger, but because it's getting weaker.

@andywong9847

Жыл бұрын

Your statement reflect your colonist mindset totally outdated. We are in 2023, not 1981, boy.

@petersinclair3997

Жыл бұрын

Russia’s economy was rated CCC Junk by all international agencies, before the Russo Ukrainian War. Russia is in such a sore state, these agencies have given up on trying to rate it.

I've heard this story before. The dominance of the dollar derives from always paying our debts, from doing so for centuries, from managing our country's currency competently, and the strength of our military - all really because the dollar is a known, predictable quantity. Russia is not currently stable and there are reasons to say the same about China. I expect little from this move by Putin and Xi.

@zhijingchen4563

Жыл бұрын

- "the dominance of dollar derives from always paying the debt" That probably is part of the reason for any government ' credibility, but not the entire reason for being dominant. UK also has a long history of always paying debt, and probably longer than US history. But Pounds is not the dominant currency as dollars. Dollar has been the dominant currency since WW2 , and it's first Treasury bond was issued in 1960s.. so the dominance is definitely not because paying debt on time for centuries. And there is no such thing that US paying debt for centuries.

@lcplapiata5501

Жыл бұрын

Haha a deluded yank your bank's are literally collapsing lol. This is exactly the reason lmao

@giganoob1968

Жыл бұрын

Paying with debts with fancy paper. Such a deal.

@kossynwankwo5911

Жыл бұрын

😂😂😂

@HowlinWilf13

Жыл бұрын

This smacks of desperation on the part of Russia and of trying to maximise an opportunity on the part of China. Neither of which means we are in imminent danger of this coming about.

America devaluing the dollar will also affect companies valuations abroad which could affect foreign investors

The government needs to reduce it’s deficit spending. This means cutting defense and cutting other programs.

The yuan and rubble and rupi are so sought after.... That's why all the billionaires in the world buy US and Western property and companies. That's why Chinese billionaire's and Russian oligarchs are buying US and Western property and stock in Western multinational companies. Because they have so much confidence in their own countries and their own currencies. Remember what happened to Jack Ma ? Anyone who knows his story isn't rushing to trade in a dictators currency !

@CaveManOogaBooga

Жыл бұрын

Exactly lol 😂

@wumaobot

Жыл бұрын

Because US is corrupt country

@petersinclair3997

Жыл бұрын

Both the Rubble and Yuan-H are barely traded on international markets. Recent gains by China were bought about but currency swaps, especially with Russia, not trade.

@CaveManOogaBooga

Жыл бұрын

@@petersinclair3997 rubble?

with China's recent economic instability they're not being realistic.

@kurosai006ichigo3

Жыл бұрын

Seeing how US hwving its own econmic instability, its fair game for China -Russia economic alliance with africa , south america and latin america

@jaobidan2358

Жыл бұрын

Our economy is weak and unstable...WE are the one's not being realistic...Which is, incidentally, one of the many reasons we're losing the war in Ukraine.

@morganstevens3211

Жыл бұрын

They could cut back by stopping payments to the Biden crime family.

@beefchowmein

Жыл бұрын

Biden condones China's genocide against Uyghur Muslims as "different societal norms. " 😒

@wm4934

Жыл бұрын

It is funny to see Americans pray for your competitors to fail，then you are already lost the game😂

BRICS new currency. In South Africa meeting. Didn’t you know?

The USD 💵 has a line on it makes it dominant, rmb has no match

According to capitalism, this is good because it's increased competition. Not a complaint about your reporting, just wondering about capitalism vaunted status.

@TheDrAstrov

Жыл бұрын

capitalism is becoming more and more attractive year by year 😆

Even Chinese have dollars as currency reserves and own debt in dollars. It's not simply about transactions but the entire financial system.

@AB-fc8io

Жыл бұрын

China and so many other countries are reducing dollar reserves for some years.

Good analysis

0:35 You can see he is seething hahahahaha

"So, "Big Guy", you want 10% in dollar or yuan?" - Xi "...Gimme the yuan, jack...I tanked the shit outta the US dollar." - Joe Biden "Haha...yes...you did...And good choice." - Xi

Kitconews did a great piece explaining how exactly Yuan can replace USD in part of international trading. That’s not to say USD will be replaced completely but it’s enough for the US economic hegemony power to fall!

@Steven-uk2fz

9 ай бұрын

Lmao. Don't be surprised when you're saying the same thing in 2033.

Same

The dollar is collapsing and the gold will be the standard

Most people are blind to what’s truly going on in this world.

@d.c.4lifeking602

Жыл бұрын

Teach us !

@chidimarvels

Жыл бұрын

Could we borrow your flash light?

What does US Dollar composed from or represent for?. China, Japan, and many other countries buys US debt. It actually not only represent the US economic power, but also represent each of those countries confident to US Dollar as an instrument to store value and exchange. It would be positive if Yuan is able to internationalized its existence and become competitor to US Dollar, but as Fareed said, it would be opposite to China domestic goal. They want to compete the US Dollar but peg their currency to US Dollar in non market acceptable manner. Or, perhaps countries can do exchange using pre-modern method such as barter or using gold as an instrument of exchange?. yes, certainly they could. To some extent they could and some has done it that way. However, to value those exchange is still using US Dollar, and even gold is valued in US Dollar for fair measurement. After all, it is not about US Dollar, Yuan, gold, or any other medium. It is about trust that the exchange is done in fair manner, and those medium is a representation to that trust.

@miguelservetus9534

Жыл бұрын

This is why there is and won’t be for the near future, an alternative to the dollar. The yuan and ruple are too unstable and over manipulated by their government. Xi and Putin can’t match the dollar. Note they didn’t offer gold, the only other alternative.

@FirehorseCreative

Жыл бұрын

Nobody trusts America / Wall Street anymore for good reason and that's the entire point. The rest of the world is already bailing on the USD and it accelerated after the 2008 Wall St financial heist and land grab. Trump's failed trade war against China exacerbated the problem and introduced supply chain interruptions and Wall Street couldn't wait to cash in on the pain felt by average people. THAT will boost global confidence in the USD. 🙄 The world changes and it is slowly but surely leaving unbridled capitalism behind. Maybe you missed the part about 💸〽5% per decade.

@NordStar7

Жыл бұрын

The United States began to use the dollar as a weapon. instead of making a profit. this is the beginning of the end

@tedaspane1493

Жыл бұрын

China no longer buy US debt. It used to own 1 trillions plus, now it now downs to about 800 billions. As years go by, it will will go further down.

@ju98sy

Жыл бұрын

I guess you dont know that China Japan and many other countries have been dumping US bonds since 2022, and France is the champion under this category, Germany ranked No.1 in Jan 2023

He's right about everything

The dollar won't go anywhere very soon. The key point is that these other "rival" options are currencies that can be, or I should say are, manipulated by the central governments. They will never become global trading currencies unless that aspect changes (but it won't)

@tfuta6613

Жыл бұрын

Yuan, Kai!

@alexs7671

Жыл бұрын

As opposed to the Reserve Central banks in US and Western countries? Lol

@AA-cg3gd

Жыл бұрын

Our government doesn't manipulate it's currency? They constantly manipulate the currency.

@ex0duzz

Жыл бұрын

Manipulated like usa froze and confiscated all Russian and afghan moneys? Manipulated like USA unilaterally sanctioning countries and stopping them from accessing their funds?

Finally someone that talks about this! This is really where the buck stops, the party ends, it is over. And nobody seems to care or listen.

Fareed Zakaria - master of the obvious.

One of the scariest news pieces I've seen...

@silentd.5806

Жыл бұрын

People have been talking about this since Obama but Democratic/Republican tribalism has made everyone turn a blind eye to it

If countries feel they can trust China.....However is the yuan stable? And is it better to be under the Chinese dominion? And don´t they need to be able to balance their import and export in a very narrow group of countries if they just want to use yuan? It seems some failing Belt and Road investments might end up affecting the position of China among a lot of developing nations. You may not like the US-dominated institutions but at least you know what to expect.

@texajp1946

Жыл бұрын

Yes majority of countries and population trust China more than evil empire usa

@timmy-wj2hc

Жыл бұрын

🤣🤣🤣 Anything is better than the dollar, bunch of US terrorists imposing illegal sanctions and the world having to fund their 1 Trillion military budget for the fascist with their 1000 terrorists bases all over the world invade and do coups.

@musestarlight1

Жыл бұрын

Well said couldn't agree more if you want to put your trust in china and Russia then your doomed already

@jakejake8051

Жыл бұрын

you miss the point,it is not about china. US just printed so much dollars,and everybody just try to find a way to escape,if shit happen.

@dt4844

Жыл бұрын

Like you always know what to expect from a bully. That's why countries are looking for alternatives. If having fair competition is good for the consumers, wouldn't it also be good if we had a fair world financial system?

Fareed, sometimes I wonder who you work for. I mean that seriously as I detect subtle rhetoric in your words. My propaganda alarm goes off every time I try to watch your reporting.

@70newlife

Жыл бұрын

During iraq war when he went out of line he was given a reprimand ie the Palgarism issue. He issued an apology to be in the good books. US has turned into an analog of USSR one can't believe one word which comes out of the mouth of media and it's public figures. If they say the sun is out and it's day time one will have to go out to confirm if it's true.

1:30 HOLY COOOOOOOPE

America is a debt based economy and should have not left the gold standard because as we have seen just recently with SVB confidence is down fear is up along with interest rates so the dollar will continue to fall until confidence can be reinstated into the market

@dickjones8119

Жыл бұрын

I agree but SVB was managed by woke imbeciles so its a special case.

@gregknipe8772

Жыл бұрын

Neanderthals agree!!! unite with your ancestors. cohorts are tough to find on this one. I recommend a tin foil hat....

@Ksins1

Жыл бұрын

The Chinese yuan is already being bought up in the world, this currency is already better than cryptocurrencies, and the yuan has been growing for several years!! You need to withdraw dollars from the bank and buy yuan, as George Soros did!! This is necessary to save your income! The whole world is switching to the Chinese yuan!__

@petersinclair3997

Жыл бұрын

The only year the US has been in surplus was 1835. The US has consistently had debt economy. The global economy is too big for a gold standard. A return would require governments compulsorily acquiring gold from private hands at a below market price and floating the gold currency exchange at higher price.

As a Canadian citizen, I call upon my country to make a effort to create and use an alternate international payment transaction system that is independent from the U.S.A. system (SWIFT) that is being used for weaponized use in an economic war.

@mandarinandthetenrings2201

Жыл бұрын

Well I'm sorry K. C. but it not going to happen because Canada is get all the benefits from the Swift system without having to pay for it. Oh that right if you create a new monetary system you have to pay for it, which you CHEAP HIPPIE A** isn't going do! You like free, not I need to tax myself. You Canadians didn't have pay jack shit for setting up Swift we American paid for it. So quit your whiny.

@johnmuthan286

Жыл бұрын

Swift is European by the way. But stupid EU gave their governance to the USA leadership because they are all corrupted within the EU.

@Gemz0001

Жыл бұрын

BRICS

Hear, Hear!!! I'll drink to that!

Giving limited oxygen to the Patient while wounded increases the risk of death. Give food always for energy And Water for hydration.

Finally a multipolar world

@ksica

Жыл бұрын

Finally!

NO checks or wire transfers made out to Hunter or “the big guy” occurred or discussed this time?

@b.t.2795

Жыл бұрын

Jared raked in billions while at the White House according to Kellyanne Conway.

@shlepmessing8703

Жыл бұрын

You'll have to tell CNN what you're talking about. Unless they saw it while watching FOX, they'd have no clue.

@debbie5728

Жыл бұрын

@@shlepmessing8703 LOL... to their defense, they may have been pulling more Jeffery Lube’n Toobin antics..

@shlepmessing8703

Жыл бұрын

@@debbie5728 They allowed Al "The Groper" Franken back. You know Jackoff Jeffrey is coming back.

@b.t.2795

Жыл бұрын

@@debbie5728 What's Bill O'Reilly doing these days old spinster? 🙊