Why a strong dollar isn't as good as you think

The U.S. dollar is the world’s dominant currency and plays a key role in global trade.
While that may seem like good news to Americans, it’s bad news for much of the world.
“So here’s the paradox. The rest of the world despises how dominant the dollar is, yet they go to the U.S. dollar, because there really isn’t much of an alternative,” said Eswar Prasad, an economist at the Brookings Institution and professor at Cornell University.
Despite constant predictions of the dollar’s demise, nearly 60% of the world’s central banks’ foreign exchange reserves - the money the hold to cover unexpected financial emergencies - are invested in dollar-denominated assets.
The share of the U.S. dollar as a payment currency worldwide is more than 40%, while it makes up more than 60% of international debt and 50% of loans globally.
Besides being the go-to currency for international financial transactions, commodities such as oil are also bought and sold in U.S. dollars.
The dollar’s dominance in transactions extends to the U.S. banking system too, which is, in turn, influenced by America’s fiscal and monetary policies.
“This is ultimately going to entrench the dollar’s dominance even further,” Prasad said. “That is certainly a serious problem for low-income countries that have high levels of foreign debt, especially dollar-denominated debt.”
Watch the video above to learn about how a strong dollar contributed to economic and political crises in emerging markets such as Sri Lanka, Pakistan, Ghana and Egypt.
#CNBC #USD #Currency #Money #USDollar
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[@velayuthman]

Making money should be a routine 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

[@Curbalnk]

As with an my big financial decision, it’s important to keep your guard’s up for economic risks. However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe.

[@joesphcu8975]

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[@alexyoung3126]

Well, the top players and pros have exclusive information and data paths that are not disclosed to the public. Knowing the strategies to use during this time is one thing and having the right information to execute them successfully is another.

[@stephaniestella213]

The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technque to navigate better in these times, so I hired a portfoilo advlsor.

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[@ranjanbiswas3233]

So you are absolutely selfish. Got it.

[@axeldt183]

So essentially the US is exporting inflation to other countries?

[@contayout01]

Exactly.

[@tax905972]

The US stopped manufacturing. Now China is making 28% of the world’s products.

[@swiggyhunter4682]

Well we have to export something. No one wants our cars 😂

[@johnl.7754]

If those countries keep their own countries fiscal balance sheet strong and less corruption then (like Brazil, Indonesia, Mexico…recently) then they have nothing to worry about.

[@superspeederbooster]

​@@swiggyhunter4682LMAO

[@gold_real_money]

Gold : "Allow me to introduce myself."

[@AttyKabutat]

A wise man once said "The peso is not weak because the peso is weak. The peso is weak because the dollar is strong.”

[@jaydeeresflo1772]

marcos hahahahaha

[@audience2]

Massive overspending driving inflation

[@jaylastname5693]

sure.....that's why the peso is weak lol

[@ericktellez7632]

Depends on the peso you are talking about, right now the strongest peso is the Mexican peso, went from 22-23 pesos for a dollar about 5 years ago to 18 pesos for a dollar right now, thats an appreciation that resisted the Covid pandemic and the soft recession after the pandemic

[@CameronPosh]

WHAT SONG IS 8:40 PLEASE ANYONE?

[@michelbruns]

the video with one example in a nutshell: nvidias prices rose ~20% in most of the world -> less people will buy them -> less sales at same usd profit/margin

[@CameronPosh]

WHAT SONG IS 8:40 PLEASE ANYONE?

[@csanton3946]

Making Dollar the ultimate reserve currency is US strongest weapon in this world. 1. Its govt issuance of bonds is always going to be subscribed by many nations, thus making it easier for US to finance public spend 2. Being currency of international trade outside the EU block, effectively all financial transactions goes through US through correspondent bank, making US earn for every financial transaction just by executing the transfers and also they can hold anyone hostage since money flows through them 3. Nations would directly or indirectly want to trade with US. If we all, outside US, will continue accepting this West Narrative where they have most of the world's wealth and that dollar is the safest, and we need their dollar and wealth just to develop, then we will always be vulnerable to US Fed rates. We should instead learn that the true wealth of an economy is the spending activity in that economy regardless of the currency used for that spending activity. The wealth is its own people engaging in a lot of trade. We just need to trade with each other and even if US is not involved we can survive on our own

[@Madame702]

You don't know what you are talking about.

[@wenbo595]

Yep

[@KazMaw1]

Most people outside the US probably knew this already. We have been cursing and blaming the dollar for the inflation crises.

[@ShanKaru98]

And what do you suggest a solution would look like? It’s easy for developing nations to criticize than to find a way out of situations that, for the most part, they put themselves in.

[@TheWorldofSam]

@@ShanKaru98go back to the gold standard!

[@Mr.Septon]

@@TheWorldofSam what an awful solution lol

[@TheWorldofSam]

@@Mr.Septon why? Because the artificial dollar printing American economy (that has been in trade deficit for as long anyone can remember) will come crashing down? Well… superb!

[@harshdata5784]

@@Mr.Septon why

[@M_Harry2]

>

[@Maria-bd4du]

Shermwilli trade

[@smmuajhossain9910]

No matter what happens in the world economy, Asia and Africa always suffer.

[@Fightback2023]

Not for long. US hegemony is coming to an end soon. USD would become worthless like toilet papers.

[@BMS866]

If there wasn't a dollar system, there would probably be an alternative that wouldn't even be better for Asia and Africa, so yeah

[@Fightback2023]

@@BMS866 don't worry, Chinese RMB will replace the USD soon. You americans can keep all your dollars to yourself. Asia and Africa would be better off without the USD

[@BMS866]

@@Fightback2023 Honestly if China were in control of the international monetary system it would be even worse than the US. China only wants power, and yes so does the US but! you have to think about where the people live the happiest, in china you do not have ANY rights unless you are han Chinese and even then you only have som rights. In the US you have freedom of speech, private property things Chinese could only dream of, wonder my half a million moves out of china every year

[@E4439Qv5]

@@Fightback2023 You wanna run that by me again, pard'ner?

[@YFolermira]

Three years ago, it was impossible to anticipate the current condition of the U.S. dollar. The United States persists in repeating the same errors responsible for the dollar's current predicament. Consequently, there's no certainty that the dollar's future will be as promising as anticipated.

[@VickyAlvy]

Under these circumstances, individuals who stay composed, patient, and take calculated risks have the potential to make life-changing money. Volatility operates in both directions; the greater the downturns, the greater the upswings.

[@gomezanderson1723]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $100k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

[@calebsarah9985]

@Jerry Flecther Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $350K to $970K in a short period of time.

[@harperfelicia9372]

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[@calebsarah9985]

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[@gerradeanderson2204]

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[@yashkumar3196]

No challenge to dollar ??🤔🤔 I dought that.

[@npc2480]

This video is mentally preparing us for the eventual collapse in value of the dollar and be happy about it when countries around the world finally gets tired of working hard making goods only to receive dollars the US only needed to print and continue to print non-stop.

[@demoncloud6147]

Green Money Syndrome

[@harukrentz435]

Problem is the US use that privilege to boast their defense spending and then create conflicts to justify that gigantic defense budget. Imagine if those $600B is used to fund NASA or renewable energy.

[@cspdx11]

Bingo

[@PhantomOfManyTopics]

Ummm I am an American living in the Philippines, the strong dollar is very important to me.

[@syxx242]

you and every american living abroad are living like royalty

[@youcantalwaysgetwhatyouwan6687]

Strong dollar makes the Philippines more expensive for poor Filipinos

[@kayedaldahabi4040]

This video was filled with half truths, misinformation, and straight lies... As an American, I shouldn't care how the value of my dollar affects the word... And I expect the American government to do its best to maintain the strength of the dollar..

[@scwirpeo]

Something like a 1% climb in the strength of the dollar creates a 1% loss in jobs. A strong dollar hurts exports and makes American workers less employable even to US operations. You should care. It could easily be the reason you find yourself unemployed.

[@kayedaldahabi4040]

@@scwirpeo also I didn't say make it stronger all I said was maintain it's strength around the world

[@PoliticalMatter]

In one sentence: US dollar is a weapon. It can be printed as much as possible and the world is forced to take that risk.

[@johnl.7754]

If US government keeps weak dollar when there’s high inflation then nobody will want to keep Dollars anymore and US will lose its reserve status.

[@wolfheadedconjuror]

Nobody is forced to use the dollar but it is still the most trusted currency

[@Tabula_Rasa1]

@@wolfheadedconjuror Actually not totally true. Every country need oil and resources. You can only buy them using US dollars. A lot of the Caribbean countries peg the dollar or even use the dollar as their own currency like in Ecuador.

[@manonamission2000]

@@wolfheadedconjuror Incorrect. There is something called the Petrodollar

[@jtgd]

Printing as much as possible affects the US just as much

[@wiktorjachyra1869]

The best thing that happened that weakened the u.s dollar dominance is the creation of the Euro

[@giamannguyen797]

Usd suy yeu eu se tieu:trung quoc muon thuc day:thong tri tien te:nhug nuoc trung quoc de thao tung tien te

[@TheRumblewagon]

Until Brexit.

[@whohan779]

@@TheRumblewagon Not by much, the Brits were hold on their pound; by far the most populous EU country having done so.

[@audience2]

The euro is of minimal importance compared to the dollar.

[@carlosenriquez2092]

Any economic zone of developed nations with a consumer base of nearly 500million will produce a heavy hitting currency.

[@BMS866]

Actually the United States has increased it's share of global GDP from 24% in 2010 to 25% in 2022, which is honestly quite impressive when thinking about how much share China has taken up in the mean time

[@shukracharya_]

Bubble

[@jakeroper1096]

@@shukracharya_ Yup the grand centuries long bubble. Hopefully we’ll see it pop this millennia!

[@BMS866]

@@jakeroper1096 Chinese bubble? Almost 30% of their GDP comes from real estate which is already crippling, other than that they are expected to lose between 250 - 300 million workers to retirement BEFORE 2050 by UN estimate. So basically China's world record breaking bubble is just about to have the largest crash in human history

[@BMS866]

@@jakeroper1096 And if you meant the United States then might I remind you that quite literally 50% of the ENTIRE world research and development spending is happening in the US in groundbreaking technologies that will have lasting impacts

[@jakeroper1096]

@@BMS866 I don’t think China won’t get far past 20T if at all, GDP-wise. While they have a nasty bubble they also have a tight grip on the money printing, which gives a lot of room to run this into the ground still. The US dollar will remain on top at least until India shoots their shot down the road.

[@stefan-stocksmadesimple5241]

You can't fight central banks, but you can play by their rules :)

[@demoncloud6147]

You can if you go live in the mountains, forests or islands, just give up internet and modern luxury, you will be free

[@corbinf7313]

@@demoncloud6147 hows that going ?

[@MrStevemur]

Pressure to diversify away from dollars has been growing since Nixon went off the gold standard in 1971. The only thing stopping it is there hasn't been a viable alternative. The EU has no independence so the Euro isn't a real competitor.

[@johnwattdotca]

Thanks for remembering the gold standard. If you want a date for the time when America became an empire controlled by global off-shore financial activity, it was the end of Americas' national wealth. Here in Niagara Falls, Canada, if you had three or four quarters one of them was American. Not any more.

[@amazon4716]

Your nation crippled Don't blame it on the dollar It was because of your bad investments.

[@bobbray9666]

I heard recently that if the dollar was to lose it's position as the global currency, our collective US wealth would be cut in half.

[@seanthe100]

It definitely helps, but the US is mostly supported by its own domestic economy winch is 25% of the worlds economy. Not to mention the US is the 4th least dependant on trade out of all countries in the world.

[@bencopeland3560]

There’s a failure in this piece to recognize the manner in which a strong dollar actually harms Americans and the sacrifices, in terms of responsible self-limiting behavior/policies, that strength is built on. Other countries incessantly whine about the situation but never want to take the hard steps necessary for their own currencies to challenge the dollar.

[@lu881]

It's happening incrementally

[@MrMoss786]

The strong dollar hollowed out the US manufacturing base.

[@USandGlobal]

@@MrMoss786good thing manufacturing is coming back as we speak with record breaking investments already being done like TSMC investing over 50 billion for chip manufacturing in the states, even when many manufacturers left the US the IS was still the second biggest manufacturer in the world 😂 and now it will be number 1 again especially since China is shooting itself in the foot and Mexican labor is more skilled and cheaper than Chinese labor

[@USandGlobal]

@@lu881that’s not true 😂 no other currency is even close to replacing the dollar the USD will only get stronger especially as manufacturing comes back to the states as it is already happening

[@MrMoss786]

@@USandGlobal American products are well made and should do well provided the Fed doesn't destroy emerging economies around the world with their rates and petrodollar.

[@MrGravity304]

My p0rtfolio is plummeting significantly, I’ve lost about $320k within a few months and I'm not confident about picking st0cks anymore. Are there really no other options for me to gain from the stock market?

[@NotyourBusiness-urto6]

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

[@MiddleclassAmerican-7220]

Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

[@MrGravity304]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@MiddleclassAmerican-7220]

>There are a lot of independent advisors you might look into. But i work with Nicole Desiree simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

[@MrGravity304]

I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks

[@mzhlop4623]

Simply, US big import commodity is USD. And that is just a paper, US just need ink and paper to print it. Crazy

[@williamlouie569]

US export dollars and import real goods.

[@BayuAH]

Just back to oldy era of gold, like when Iran tried to use it years ago to sell their oil. But I remember how fluctuate gold price is. Argh.

[@harukrentz435]

Yang kita butuhkan mata uang global lain yang bisa dipercaya, coba itu BRICS buat mata uang tunggal karena euro gak bisa diandalkan.

[@yasinnabi]

Enjoyed watching... awesome videos and contents.... thanks for sharing---

[@CNBCi]

Thank you!

[@jerrywilliams9208]

Dollars hell I'm jealous ever since Biden Administration took over I'm working with nickels and dimes

[@thekeith-donovanexperience]

We are so screwed.

[@FBISHOJI]

It's all on purpose

[@johnrobertson2684]

The dollar is worthless

[@karelltulod3079]

$-DECEMBER 23 1989-

[@ianshaver8954]

What you have to understand about the strength of the US dollar is that it is not the result of some master plan by the United States. It is simply a side effect of the US’s vast economy, military power, and political stability. History tells us that the world’s reserve currency and the currency used by the most powerful economy in the world are one and the same. The dollar will be the world’s reserve currency as long as the US retains the top spot in the world economy.

[@manonamission2000]

@Ann Thomas oil-rich countries may still only trade with the petrodollar

[@CameronPosh]

WHAT SONG IS 8:40 PLEASE ANYONE?

[@CodingExpress]

Countries are developing currency exchange programs to stop depending on the US dollars. You guys are in big trouble - that's why inflation is growing in America!

[@rs-bi8yf]

I do NOT take financial advice from alphabet media period !!

[@enditakamweneshe6428]

I used to think that a country's economic strength is directly linked to the strength of its currency, but it's a little more complex than that, The South African Rand is almost on the same level as my country Zambia's Kwacha with their currency exchange rates but economically South Africa seems to be doing much better than Zambia.

[@jaybee4577]

Because what matters is purchasing power of a currency not exchange rates. South Africa have a much higher purchasing power than Zambia.

[@Madame702]

You need to understand Ednita the US broke up the British Empire after World War II. We took all there base in Central and South America and then we broke the Pound Sterling which was used to control South Africa, India, Australia, and Canada made sure the US dollar was reserve currency so that Europe could never again have colonies in world. Thank you very much.

[@enditakamweneshe6428]

@@jaybee4577 What are you talking about? exchange rates are what determine purchasing power of a currency, if a currency depreciates towards another currency that leads to a higher exchange rate gap, requiring you to have more of the depreciated currency money to buy goods from the country with the higher valued currency, also, what really matters a higher GDP that helps the currency appreciate.

[@enditakamweneshe6428]

@@Madame702 Nothing of what you said was relevant to my point but thanks for explaining what I already know.

[@Madame702]

@@enditakamweneshe6428 Do you Edita. According to IMF your country as burned through 90% of the loan that it gave you to buy food because of Russia. You currency is crashing in anticipation of you going bankrupt. If I were you I would insist that Russia stop it war of aggression .

[@AustinB96]

To insure a free world the U.S dollar must be #1

[@TheDurnans]

I suffered through listening to your argument for a weaker dollar. The reasons you give are to help the world who struggle with a strong dollar because their currency has been devalued. Are we supposed to live poorer for the rest of the world? A strong dollar helps keep prices down here in America. If we had a weak dollar, all of our commodities, including fuel & food, would be a bargain for the rest of the world and drive prices out of reach of many Americans. If you like a weaker currency, then move where the currency is weak. Let us enjoy our prosperity which comes from a strong currency. To be fair, I'm not sure how our dollar has remained so strong after all the pumping we did recently. I guess other countries printed currency more than we did.....

[@DocMchief]

If only you knew that strong dollar means high input costs for your manufacturers/industry and less demand due to high output cost. That’s the reason your industry requested your financial institutions to reconsider, eventually they will have to outsource the production. So you are basically trading short term benefits for long term loss and china is gonna love it.

[@manonamission2000]

BRIC countries continue looking for ways to weaken the US... petrorenminbi, etc. The US dollar will thrive indefinitely

[@TheDurnans]

@@manonamission2000 Correct. Other countries are jealous and instead of fixing their own situations, they want to bring the USA down to their level.

[@Pittypatmatt]

The dumbest title to any KZbin video is: This one

[@NitroScoopers]

Europe and Asia should hold hands and start a 'Eurasian Economy' by exchanging in local currencies and slowly phase-out the dollar.

[@KSfreaky]

europe can't hold hands with many dictators in the east.

[@demoncloud6147]

And you thing US is going to lick lollypop while that happens ? Those $0bs will start ww3

[@stevenhudson6354]

Success is not built on success. It's built on failure, It's built on fraustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in life

[@alanknapinski4335]

I pray you will be successful forever. Thank you for your prayer

[@K4R3N]

"digital currencies" 😂 yeah just ask FTX and the drug dealers about that stuff

[@2MANYCARS]

That's too bad for those countries. Next.......

[@mashii9465]

I came to here collect more ideas about dollar appreciation While studying Foreign service exam in Sri Lanka. It’s true we are suffering here due to dollar appreciation. Our necessity goods prices are growing day by day 😢

[@SamPashmi]

It’s actually because of Winnie the Flu’s debt traps

[@yongchen8204]

every other countries is hurting because of strong dollars, including the USA. hyperinflation, rising commodities price, exporters and importer nations are all affected. no one is immuned from it. unless you are the billionares and millionares who se wealth can cushion through the financial crisis even in hundred years from now.

[@harukrentz435]

Im curious about us export numbers during this peak dollar.

[@peterlim3189]

That's what Crooked Joe Biden was thinking of doing, cause he spent money like there's no 2moro!!! 😂😂😂

[@containedhurricane]

Japan weakened their currency to boost their exports. Dollar weakening is also inevitable because of the upcoming Cold War 2.0

[@Tabula_Rasa1]

They actually tried to strengthen their currency due to rising US interest rate, which weaken every other currency in the world. They sold US debt and US reserve to shore up the currency. A lot of countries are doing that if they can afford to. The entire Petro dollar economy is extremely interesting how the world works.

[@containedhurricane]

@@Tabula_Rasa1 They've been trying to do it lately, since their economy got hit badly due to the pandemic

[@BMS866]

Why would US dollar weaken due to a second Cold War?

[@containedhurricane]

@@BMS866 The world's economy will get divided and Russia-China-Iran alliance will force their customers to use their currencies

[@Tabula_Rasa1]

@@BMS866 US currency is really strong right now. Probably way too strong. Dollars is close to parity compared to pound & Euro. I do think in the future, it will be less widely used because of what US has done to Russia's 300B. No countries want to lose money or get sanction. Euro is fed up with the US interest rate rise, Russia, China & the developing countries dont want to lose money or get sanction. Dollar weaken in the future? Everyone though the Russian Ruble will be weaken, but it is really outperforming. With that said, I dont think anyone would know whether Dollar will be weaken or not.

[@freetobememe4358]

U.s. dollar is decreasing fast. Can’t just keep printing paper money with no backing.

[@sanwarmiah5929]

Why all countries do not use currency as a gold, silver because I live 12000 km far from USA but my country inflation about 30%. Usa dollars destroy developing countries, and as a ordinary people how much we are suffering.

[@brenobarrinovo5936]

The Dollar is not the US´s most powerfull weapon, it´s just a tool. US power rilies on its previsible and reliable institucions. You may argue it´s not perfect, and I have to agree, but is the best we have. As long as US continues to guarantee those conditions, dollar will remain hegemonic.

[@dohminkonoha3200]

Manufacturing factories in US is facing hard time. Can they survive?

[@btaylor9788]

If you want a stronger currency get involved in your country's political involvement stop coming to KZbin and crying 😭

[@chaoyoong9987]

USD dominance for how much longer? professor never gave a time line as to when USD will be replaced and the devaluation...he conveniently side stepped this issue...but hey he is the professor

[@dirwanedy8919]

Stupid when make dollar so strong.the FED must make dollar low now.

[@LeoN-wc9od]

What ever man, a little competition never hurts.

[@anthonyk423]

Let’s not act like this isn’t hurting Americans also and what do they really expect the US to do. Not do what in their best interests when the US never tried to increase the dollar it just happened because of governments, businesses, and people putting their money in a safe market. The value of the dollar wasn’t a problem when they were benefiting from it and getting investments into their countries in dollars but now that it’s no longer beneficial they’re upset. Funny how the video never showed a government official saying they’re so upset about the dollar and wanting to use another currency. Even now they won’t use a different currency because it’s far less beneficial. China is only trying to make another one because they’re trying to invade Taiwan and steal their chip technology. But even they use dollars and not their currency when trading or getting investments.

[@qake2021]

😱🇺🇲🇬🇧🇦🇺🇨🇦🇪🇺🥳🐷🤡🐒🍌🍌🍌🍌🍌🍌🍌🍌🍌😒🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🤞

[@Yuspizzazz]

Sounds like we should use our dollars to buy property over seas 😂

[@annabarr1304]

Please don't, the brits did that for years in spain, Greece, and France, it just made the prices go up for all locals

[@manonamission2000]

go look at what happened in Portugal... locals are being priced out

[@200cdl]

Ya it makes sense to me, we should all be hopeing for a weak dollar, the weaker the better, maybe no dollar would be better, unbelievable

[@davidcantor293]

Who knew that mass-printed paper would hold such value lol.

[@entropicpedro]

Simple, oil. Most of the oil in the world is sold and bought in dollars.

[@amazon4716]

I like how people think the dollar is at the top... Britain and EU is higher...

[@EricPham-ui6bt]

The danger of digital transaction was electronic warfare is very stronger than before never could imagine and real money base on productivity and gold is spiritual effect no one pay attention to and it improve psychology and spirits of money on individual and even national security depend on readily cash flow

[@sdoken]

4:27 “turns out the US does not import that much” WHAT?!

[@carlomontecarlo7881]

Developing countries should increase their exchange reserves in Euros, Swiss Francs, Yen, Australian Dollars, Canadian Dollars and Pound Sterling, then... Those currencies are highly valuable, too.

[@kayedaldahabi4040]

What do you mean the US does not import that much? Everything here is made in China...

[@alext802]

This video lacks the real detailed explanation that normal people require

[@adiintel1]

Gold is money everything else is credit - Jp morgan 1913

[@fingerprint8479]

Dont worry it will get weaker and weaker as you have never seem as nation after nation start trading in their own currencies and oil is sold in whaterver currency oil producers want to sell. The sooner the better for humanity!

[@arifulislamleeton]

Hi I'm Ariful Islam leeton im software engineer and members of the international organization investors

[@jerryrobles9562]

I'll gladly send anyone here $1 worth of gold for every $20 bill you send me

[@KingDavid-jj7tk]

Markets continue to tumble as liquidity wanes, but trillions of dollars remain in the system, preventing unrest in stocks and credit markets. Instead, major turmoil is more likely to emerge in America's sovereign bond market. Package all this up, along with the fact Tesla shares still trade on rich valuation multiples relative to the broad market, and you have a selling event that may not have run its course until a clear positive development emerges. (Musk handing over the CEO reigns at Twitter would be a huge help, analysts say.). Forgetting It's always the hard times that show us how to be better investors making at about $2M for the long term ; understand and know the path needed and stay committed to the craft. Be smart don't let fear stop you from making money

[@truthinyourface7345]

When will the rest of the world wake up and shake off this western economic hegemony

[@hakuhosho9802]

This video can be summarized in one sentence: Americans base their happiness on the pain of other countries in the world

[@craigwiggins8287]

Not all Americans!!

[@CameronPosh]

WHAT SONG IS 8:40 PLEASE ANYONE?

[@kekeshuoshuo]

Only the top 1%. Homeless Americans are growing.

[@davidcao1989]

Transfer of energy

[@cmcpros7403]

Strong $$ is OK, but the problem is it happened to fast.....Your non-dollar asset just depreciated overnight.

[@karelltulod3079]

44

[@yumaungkhant7559]

Dollar is coca-cola Other countries' currency such as Yuan is like Pepsi

[@cryptoglenn]

Sounds like a bunch of jealousy to me

[@zacharybashore]

$100 for a cup of coffee in Baltimore Maryland

[@TimwongTimwong]

You think this will continue to last?, only a matter of how long

[@springteen3743]

If the dollar weakened then the whole world will 🤔🤔🤔🤔🌋

[@nicholascage3699]

Now or never to use one global currency ! Don't wait !

[@user-mpampis060Gr]

Παράκληση, επειδή δεν είμαι καλός στην αγγλική γλώσσα θα ήθελα να βάλετε υπότιτλους σε πολλές γλώσσες για να βοηθήσει αυτούς που δεν γνωρίζουν καλά την αγγλική γλώσσα. Χαιρετίσματα από την Αθήνα πρωτεύουσα της Ελλάδας, με τις καλύτερες ευχές για το νέο χρόνο.

[@gaoda1581]

Kalh idea

[@kanedateng7604]

That's the real face of globalization.

[@louistan7560]

A "strong" US$? Who is buying that?

[@pyrosentemik1503]

I want to travel too just notice strong dollar make it hard

[@kwame176]

When they say strong, think weak. Lol

[@ApinderSingh-oe1zz]

Its not possible i know what im saying

[@apricotcomputers3943]

so... the solution for a country like Pakistan would be to get investors from the US? To bring dollars in the country?

[@harukrentz435]

No the solution for pakistan is to get rid the terorist groups out of their country first.

[@osas201]

Is like america just export their inflation

[@marianachila5372]

Apma

[@antonisantoniou5668]

When you try to support biden but dollar is falling you making a documentary like this. 🤣🤣🤣

[@mohamedshalaby1067]

At least mention BRICS

[@marianachila5372]

Toti prostec map proces map

[@sneakymove]

So who is the master of debt trap to the world now?

[@marianachila5372]

Esx tot la mama apma nu am primit nimic map

[@espirulinajam]

HELOLO FIGH BUEN DIA BUENOS DIAWS

[@srz332]

Eswar prasad, I think he is an Nepalese American.

[@Shivshakti1946]

Don't worry De dollarization is coming from Brics

[@drscopeify]

Not true, BRIC produce resources (Brazil, Russia, South Africa, and others) and sell it to countries that use the resources to make Products: China, Vietnam, India, and others, most of the products are sold to the west, so BRIC depends on the west buying goods. If BRIC makes the Dollar weaker it means Americans buy less Products made in China, Vietnam, India and others and as a result these countries need to buy less resources made in Brazil, Russia, South Africa, and others. So by making the Dollar WEAKER, BRIC harm themselves. There is no way out of the Dollar system. If BRIC stops using Dollars totally, 100% no more Dollars, the demand for goods in the USA made outside the country will collapse to 0% as the cost will be much higher. The USA has no problem to re-industrialize, it has the resources, manpower, land, water, no issue, but the world will lose the #1 buying power that funds most of the demand in the world = large collapse of production, mining, industry in every country. Chinese people are much more numerous than USA people 1.4 billion to 330 million but they buy much less items and much cheaper items. Chinese people consumption: 6.5 Trillion. USA People consumption: 17.5 Trillion.