11 years later and this is still a really good explanation
@oussematoussli8085 Жыл бұрын
13*
@MarlenaAlicea10247 жыл бұрын
I think this was a great analogy. It helped me understand the benefits of pegging far better than my current textbook. I don't think it was goofy at all, it helped put this in terms I could relate to.
@Astridah_M Жыл бұрын
Over a decade later this video is still relevant and was very insightful. Thanks for sharing
@timothyphoenix42095 жыл бұрын
This is actually a pretty solid analogy
@ssoltani224 жыл бұрын
That was the dopest mic drop I've ever seen! :D
@NorahAlmogahed7 жыл бұрын
thank you sir, that was really easy way to understand.
@DrRock20095 жыл бұрын
Spot the ex-Royal Marine....:-)
@saeedkhabti18424 жыл бұрын
Brief, Smart & Amazing
@rhitamdutta1996 Жыл бұрын
Best video that I've seen on the topic.
@soutv8539 Жыл бұрын
I get it, but the biggest question is then, how did the lebanese pound lose 90% of its value when its always been pegged to the USD??
@hitesh07ful4 жыл бұрын
Fantastic explanation.
@Chucky47444 жыл бұрын
Super good explanation thank you
@alparslankorkmaz29644 жыл бұрын
Nicely explained.
@Tweetogreggieb592 жыл бұрын
2 thumbs up good and reliable content From this host consistently videos recommended.
@PrinceOkpoziakpo3 ай бұрын
Remarkable explanation!
@rs-tarxvfz3 жыл бұрын
This video is part of my understanding spree of world and geo-politics as whole. How the world monetary systems work. Why the part of world is rich or poor? How money controls world? How a country runs its economy? How does inflations or deflation "Feels like" in day to day life. I think everybody should learn how the money controls their life.
@Elmcharfi3 жыл бұрын
Did you find answers to the above mentioned Qs?
@sarthakagarwal28533 жыл бұрын
That was sooper great man!! Kudos!
@kuwaleetalukdar41292 жыл бұрын
This helped me so much. Thank you.
@Sirius2832 жыл бұрын
Great analogy ! Thanks
@demonshri84035 жыл бұрын
That last moment 😁😁 I thought "hero"
@thereeb21412 жыл бұрын
yoh thank you. this was so great. Easy to understand. Thanks a million
@el-sig22495 жыл бұрын
Hi Paddy. Love your presentation. But hearing you talk about badly needing a drink does leave me badly needing a drink! :)
@virajgaikwad54724 жыл бұрын
Thank you so much sir. That was very helpful !
@alejandraalmazan24378 жыл бұрын
I liked the analogy, however the real substance that I came in for, was not sufficient.
@5astelija755 жыл бұрын
How much substance do you expect from 5-minute clip
@robertlopez21132 жыл бұрын
So it means that they move at the same speed, does it mean they hold the same value? Equally?
@remremhazem20114 жыл бұрын
Does that mean that pegging of one currency to anothet makes the two currencies equal in value to each other?
@keithluton17454 жыл бұрын
I'm just trying to get the exchange rate for Kenya, Africa before I go there on a Missionary trip. So, what is $5.00 worth, or $100.00? Sounds like a simple question, but I can't find an answer here.
@hangchen2 жыл бұрын
Knowledge never expires. I come to understand crypto pegs.
@Mpivovitz3 жыл бұрын
And then you wreck your economy by constricting your domestic money supply when being forced to do so to balance. The private sector in those economies also starts investing in the currency they are pegged to and require more reserves of said currency, one of which they do not control. Floating exchange is always better than a fixed exchange, just look at the economic health of fixed vs float nations.
@shrimpanzee001 Жыл бұрын
So why would a country peg its currency to gold instead of another currency?
@somemango9587Ай бұрын
love this analogy
@TGUlricksen2 жыл бұрын
Who controls the Flag Ship speed tho?
@abdel-ilahabdallah20124 жыл бұрын
Great explanation, thanks m'dude
@themaestro95275 жыл бұрын
By George, I think I've got it
@GraniteInTheFace3 жыл бұрын
Are currency pegs a form of currency manipulation?
@mariusntamagara56477 жыл бұрын
Thanks for your documentary on fanny Mae is a good lesson that inspire us to request for a training center in AFRICA to help people moving on the integre development and independantly speed their stability.
@nishantdhama55824 жыл бұрын
I just wish i could give this video a million likes😂
@CristianoBinRonaldo2 жыл бұрын
Sir pls explain why the government of Sri Lanka holding USD low and advantages and disadvantages of it
@chemchampa5 жыл бұрын
Marketplace APM, can you tell that what's said at ~2:50-3:00 is pretty much what today's Brexit has to do with? Or can you say, one of the reasons why Brexit is happening is because of that? 🤔 #marketplaceapm #brexit
@vishy0992 жыл бұрын
x H$ = 1 F$ [H$=home currency, F$=foreign currency] * If H$ increases in value, i.e. x goes down --> central bank increases H$ supply by buying F$. * If H$ decreases in value, i.e. x goes up --> central bank decreases H$ supply by selling F$. Key: match increases with increase & decreases with decrease!
@ishita84863 жыл бұрын
Yo how's this different from dirty floating?
@synchrocardinal8 ай бұрын
lmao love the outro
@SinghFamily512 жыл бұрын
great analogy
@HolloMatlala1 Жыл бұрын
I know it's not simple as it looks, but hey think the AU average of currencies should start here before rash decisions.
@simarsingh29833 жыл бұрын
Brilliant
@ankitaggarwal44687 жыл бұрын
nice teaching
@ybalanekhylac.422 Жыл бұрын
you save me, thank you so much
@chekalinda1004 Жыл бұрын
what’s with economists and their impressive whistling skills
@googooboyy4 жыл бұрын
Why do all videos end with needing a drink?
@michaelschindler2870 Жыл бұрын
great!
@2793alcy12 жыл бұрын
Killer sign-off phrase
@scrambledID7 жыл бұрын
nice, culture appropriate example. classic :p
@Changizkhann11 жыл бұрын
a wise country would only peg its currency when theres relative global stability, a good hegemonic power is needed for such stability to prevail or else currencies should never be pegged, if it is pegged they should fix it to gold or other precious metal or objects of value
@droidgracie41217 ай бұрын
Watching this after Saudi Arabia ditched the Petrodollar in June 2024.
@JunoMcCluskey-n8r Жыл бұрын
love you my king
@gheithothman47892 жыл бұрын
great explanation, you got me to subscribe to your channel in just 1 minute, well done
@abhinavitsmebellamy5 жыл бұрын
Thank you, Sensei!!
@mukmuk198912 жыл бұрын
i like the anology
@lloydcoskey34069 жыл бұрын
I usually like what he does, but this sailboat analogy is goofy. Had I not already known a little about pegging, I would have learned nothing from this video.
@marketplaceAPM9 жыл бұрын
lloyd coskey I agree, it is a bit goofy.
@ahmediszair83166 жыл бұрын
Marketplace APM very goofy
@ismatullorahimov34454 жыл бұрын
There are so many other people being thankful to him for using that analogy as it makes the concept easier to understand. He can never please everyone, but the fact that he tried to think of an appropriate analogy to make it easier on us, and not just give us the standard definition, is worthy of respect. He's an exemplary educator.
@ismatullorahimov34454 жыл бұрын
@@marketplaceAPM Yes, but it makes sense))
@Elmcharfi3 жыл бұрын
@@marketplaceAPM disagree it's very clear when you visualize it
@JakeSee4 жыл бұрын
Instead of spending most of the video talking about analogy, would be better to just give actual examples of how to control the supply of money.
@jpkm12314 жыл бұрын
@DUBAIDREAMZ6 the currency mones up and down as the supply and demand for the currency varies (due to trade or capital flows)
@sofiavitoriaeedneiaguerrei22056 жыл бұрын
I Thought te análoga nas fantastic to my understandment
@inquisitive87113 жыл бұрын
Bad analogy
@dx678914 жыл бұрын
@DUBAIDREAMZ6 Demand and supply
@AlphaDad13 жыл бұрын
what a ridiculous video
@moon31734 жыл бұрын
stupid analogy that doesn't add any value
@MrThe1234guy4 жыл бұрын
Maybe you don't really get it. Its okay half of people don't. That doesn't make you stupid, just average.