Global Currency Crisis Begins As Brazil Panic Sells $17 Billion USD In Urgent Rescue

[@SeanFooGold]

Use the code SEANFOO at bit.ly/IPMBullion to buy gold & silver at a discount!

[@Sefab-u1x]

What if i teach you how to find Bitget wallets with free USDT ( price mixed cargo human energy brown draw salmon knife path biology police)

[@violetquinnlaw]

i appreciate how u see the bigger picture, im still not buying gold though but maybe antimony its should be worth more than gold in USA soon if not now with sanctions

Melhor usar a moeda chinesa nas transações comercias , poderíamos começar pelo ali express!!!!

[@rogerburn5132]

Obviously first. The dollar has lost 50 % of it's value against Gold. And then ask Russia about US gov bonds

[@hongeeng4756]

America economy has been non existent since 5 years ago😂

[@barnabusdoyle4930]

What most people don’t realize is that it’s not so much what these countries are doing that causes their currencies to collapse, it’s a group of people on Wall Street manipulating the currency to make money off the suffering of those countries

[@iroxudont]

Nah, im from brazil and I can 100% say that our government is the one causing this. Our president downright said he would anger the financial market. Now he achieved that, he wants truce.

[@Cloudchopper-x1r]

And don't forget the suffering of their own people. They don't care one iota about the people, only when it comes to election they promise the sky and paradise which never materializes. That goes for both parties. Oh sure in order for the riff raff not to get to upset they throw a few goodies their way, sometimes it is something the Dems want adn something it is something the Republicans want but in reality it never really helps the masses much.

[@susannahvarietyvideos5660]

The wall street which money is rich in figures but no physical money at all..A money in the ether,a funny money which doesn't exist.

[@marcussthehippyindisguise9147]

Huge trading computer systems and strategies to manipulate currency, millions of trades in fraction of a second. Disgusting

[@MarioLuigi-vb3rp]

I don’t understand how it’s manipulation. Brazil buys dollars that’s it. The demand for dollars goes up so the dollars value increases. The world decides the US dollar would be the reserve currency now they have to live with that. If they were intelligent enough they would do what El Salvador is doing and purchase bitcoin and make that the reserve currency.

[@winsonip4447]

Washington is now discussing sanctions against Hong Kong for attempting to assist those evading US sanctions. They may not realize that dedollarization is accelerating due to their seizure of $300 billion in Russian foreign assets. Hong Kong has $420 billion in foreign reserves. If Washington dares to impose sanctions on Hong Kong, the pace of dedollarization could accelerate at lightning speed.

[@waynethorpe1341]

What about Blackrocks Investment in China.?

[@MarioLuigi-vb3rp]

Yeah brics is screwed the Eurodollar will reign supreme all these third world nations have a major issue. They can’t stop procreating they screw each other like jack rabbits and have a million babies. Why is that an issue you ask? Because 99 percent of Brics countries have too many poor people vs non poor people. It’s a huge problem. What’s the statistic like 900 million Chinese live in poverty. That’s nuts man. You can’t have a Brics power house when 80 percent of its population is poor. It won’t work.

[@LunaLapin-ho5tk]

The US doesn't have anything to lose since Hong Kong is moving to the new payment processor which doesn't process dollars. Dedollarization will be pretty much complete, we're already seeing drastically low sales on our treasuries and inflation is getting worse, no matter what the gov't claims. We're now printing money to buy our own treasuries. The feds guarantee that the treasuries will sell which means the gov't buys them.

[@winsonip4447]

@@waynethorpe1341 It's when Xi Jinping speaks with Bill Gates in Beijing that we see US businessmen as some of China's best friends.

[@georgejesson1944]

Why would any country want to hold a weaponized currency?

[@audiohourtapes7632]

all currency is to begin with.

[@mark_2]

The only country that can impose unilateral sanctions globally is the US.

[@distinctga5811]

It's not weaponized. Russia invaded Ukraine and had 300 billion sitting in US banks. Those assets were frozen. Small bit of advice: If you are going to rob someone in broad daylight, don't rob the person that stores all of your money.

[@iroxudont]

There is no option.

[@Vlad-qu5mt]

Because it's better than holding yuan or ruble... in the exchanges

[@000T00b]

This is not really anything new. Emerging markets have long been held hostage to dollar strength. The sooner de-dollarisation happens, the better. On the way to that destination, there will be short term pain, but nothing that the global south has not been subjected to for decades.

[@moiramaine8986]

short term pain for long term stability and prosperity

[@danielhutchinson6604]

@@moiramaine8986 The ability to negotiate from strength is very effective. Many Nations who attend BRICS Gatherings, have resources to sell. The may no longer sell at prices set by US Commodity Brokers?

[@siewkonsum7291]

De-dollarization is the new globalisation going forward. 😊

[@morepork559]

Yes. Keep your $ in the USA and earn interest but maybe have it all taken from you. No, not maybe, certainly.

[@MSDGroup-ez6zk]

Well, that's the stupidity of global leaders. Why do they have to use USD while they can trade each other using their local currencies, e.g Euro, Pound, yen, etc are local currencies too. If the 200 countries in the world is using local currencies, what will Trump do? Creating wars to each country?

[@scoby41]

Good luck! 😂

[@user-mhgu6om9mj2t]

​@@scoby41😂 It is under way by the global south. U$ is a joke!

[@theneverending9319]

Lmao you wish 😂😂😂😂

[@ciberius4]

There's no panic at all. US$ 17 billion is not even 5% of the Brazilian dollar reserves. Brazil has a surplus of tens of billions of dollars every year added to its reserves because it exports much more than imports. A weak real has the upside of making Brazilian products cheap and ultra-competitive in the international market, which means more exports and even more dollars to Brazil. What's happening right now is a temporary speculative attack because the mandate of Roberto Campos Neto, the right-wing president of Brazil's Central Bank, appointed by Bolsonaro, is about to expire. Lula chose Gabriel Galípolo, a progressive economist, to take Campos Neto's place, so the speculators are furious and trying to blackmail Lula into continuing Neto's policies of everything to the rich, and nothing to the poor.

[@vmoses1979]

Thanks for that insight. The title was needlessly alarmist.

[@kainomugisharwangyisiriza7192]

Nice insight

[@marlisilva6893]

I'm brazilian and this is exactily what is going on here. The President of Brazilian Central Bank is a criminal.

[@miguelbissieres3736]

thanks for clarify the hidden purpose. I am not a fan of Lula, but I wish the best or Brazil

[@TakeThis-z7v]

Good insight. This time SF is somewhat off the mark.

[@deltasquared7777]

It is important that as soon as possible BRICS arrive at a new and stable international reserve currency that can not be weaponized or manipulated by any country.

[@ashton1952]

❤

[@eye0807]

It is a problem to have common currency for different countries with different economic strength. This is the problem for Euro .

[@deltasquared7777]

@@eye0807 BRICS is seeking to accommodate this by maintaining local currencies while providing the fair interconvertibility with a common currency that is necessary for international trade. This is not a simple problem.. The problem with the EU is that it eliminated local currencies.

[@bitsandbobs4082]

That much power its is not going to stay neutral

[@JeniaFabisuk]

Wishful thinking at its best in the meantime brics currencies are crashing.

[@phongy45]

usa products are too expensive !!!

[@FunnyBunny-pd5xx]

What products ?

[@wwbren]

@@FunnyBunny-pd5xx In Singapore we have US grapes and apples, they are good but really expensive. Thank goodness we have fruits from China too. Cost of living is already very high.

[@FunnyBunny-pd5xx]

@@wwbren Thank you for your informative comment. Take Care.

[@winsonong160]

Made in US can only be sold in the US, way too expensive for people who have less money, even US citizens which will have no choice because of higher taxes imposed on imported items.

[@lazarusguan2388]

@@FunnyBunny-pd5xx To supplement what @wwbren said, it's not just China. Most stuff made and produced in Asian and SEA nations such as Malaysia, Vietnam, Thailand, Philippines etc. are way more affordable in Singapore than those made in the US.

[@RomanVarl]

US factory production cost 4x more than Chinese factory production cost. No tariffs or policies can change that, Trump or no Trump.

[@JCSY1]

@@RomanVarl and China can produce it at least 50 times more and 50 times faster than the US or the west can.

[@Chief-q6r]

Mexico is cheaper then China ​@@JCSY1

[@MSDGroup-ez6zk]

I have ever read news from Bloomberg. It said that some currencies were overpriced against the USD. This means, the USD will be manipulated. India for example, couple days ago has experienced the lowest value in its history.

[@MSDGroup-ez6zk]

Furthermore, the USA needs money to finance its hegemony where it closed allies are in trouble for their economies such as the UK, France, etc. This means, its closed allies cannot buy its financial products.

[@Dennis0824]

If the USD is devalued added to the tariffs COULD change that.

[@markhu7347]

What factories? US companies do not have any factories. Does Apple have factories?

[@orbitalair2103]

No apple does not have any factories. They have a super nice expensive HQ tho./s

[@hiteshadhikari]

No, they use contract manufacturing

[@ZIGZAG12345]

Quite a lot of car/van/truck factories over there isn't there? I literally can't type any country's name on YT anymore, or my post disappears.😢

[@cheungchingtong]

@@ZIGZAG12345 They are more like assembling workshop nowadays, you would be shocked to know how many parts of a car "manufactured" in the states come from others especially China.

[@janstaes2172]

nice vid, tesla s biggest factories are situated in China.

[@ZroMTHZroHRS90SecondsEYES9]

🇧🇷Here in Brazil the biggest problem is the mega-rich far-right speculators who are doing everything they can to overthrow the government and regain control of the Brazilian economy, increasing unemployment and reducing public spending on the poorest

[@jamalgreen3056]

So the government will make it better I don't think so.And with a government in place how is the rich being able to do what they are doing it's because the government allow them to do so.

[@ronniepace8778]

I’m assuming you voted the WEF in

[@jamalgreen3056]

@@ronniepace8778 I don't vote and your dumb if you still do because your participating in a failing system.No politician won't change nor save you so you can keep waisting your time looking for that to happen.Politicans are only about policy not the economy and not the people living in it

[@morepork559]

Obviously! A 21% currency crash has US banking-Brazilian oligarch fingerprints all over it. This is part of the US war against BRICS, a war coming to everyone soon.

[@matheusvinicius6157]

Ele claramente não estudou nada sobre o Brasil pra fazer o vídeo, viu a queda do real e só jogou um "é culpa do governo gastando demais" e foda-se

[@demonridera]

If you overly depend on US markets then don't cry abt being screwed. Live within your means and trade in your own currency

[@kimsim6757]

THIS

[@mengreat6982]

In 1971, Treasury Secretary John C'onnally famously remarked/ QUOTES how the US dollar was _"Our currency, but your problem,"_

[@hclau218]

Well, if China is daft enough to keep taking us$... Do you realize that China can take its stash of US$ and pay off the entire global South us$ denominated debt? That way, it would have gotten rid of its US$ millstone, convert global south debts into RMB and then all trade in the global south can be in RMB!

[@petergreen5337]

❤exactly

[@RichardKing-sx6xc]

😆😅😂🤣

[@ronsmyth2005]

Now it is your problem.

[@MSDGroup-ez6zk]

I have ever read news from Bloomberg. It said that some currencies were overpriced against the USD. This means, the USD will be manipulated. India for example, couple days ago has experienced the lowest value in its history.

[@user-gw9yx2wx5g]

It is so stupid to use USD when countries doesn't trade with the US, where is their pride and sovereignty.

[@TheFinnmacool]

Ask their dead and bought off "leaders."

[@WiltonSilveira]

Tua visão é incrivelmente fora da realidade e reducionista.

[@FunnyBunny-pd5xx]

From my research SWIFT was introduced at Apple's WWDC in 2014. (Worldwide Developers Conference) Apple began manufacturing its products, in China in 2001.

[@CosmicSeeker69]

Go ask Dr Kissinger (you understand what I mean)

[@dltn42]

AS A BRAZILIAN... There are internal difficulties like, less Agricultural exports due to localized dry season in the South of Brazil. There's another "problem".. the Unemployment is record low in Brazil, with more money, people tend to consume more imported products like electronics. Also there's the Risk Trump, investors are just panicking, also the Banks are demanding the Government to cut investments on Healthy and Education, Something Lula is reluctant to do.

[@ashton1952]

Not only the dry season but the floods that happened in the South 😓

[@WiltonSilveira]

O Sul produz soja para a China?

[@generalbenjaminarrola340]

O desemprego foi reduzido, tanto que a inflação subiu, por falta de produção de alimentos interno.

[@RafaelRodrigues-zw3eb]

​@@WiltonSilveiraSim. A maior parte da produção agropecuária do Brasil, inclusive do Sul tem como destino o mercado chinês.

[@fatdoi003]

next 4 years americans will have a very rough ride on their livelihoods

[@williamrager]

Shhhh they don't know it !! They are depending on their new God TRUMP !!

[@dyrectory_com]

4+

[@12313846]

That rough ride is in the making for many years. And the rest of the world is now joining brics. They all see that the west can take your assets in a blink of an eye.... The US shot itself in the foot with all the Russian sanctions.

[@peterphilipsen8136]

​@@dyrectory_comand all staged

[@widodoakrom3938]

Precious metal is the real money

[@gezin82]

But inefficient, good luck with that

[@larryc1616]

Says no developed countries...

[@teatree6228]

And finished manufactured goods and food

[@askeladd60]

@@gezin82 the costs of additional inefficiency are a small price to pay for a sound currency that doesn't have a massive depreciation risk based on the whims of a particular central bank.

[@yoxat1]

larryc1616 Says the US Constitution! And there's a damn good reason.

[@randybest9187]

Government spending and borrowing is the problem.

[@xmkjf]

Gastos e empréstimo para enriquecer os já muito ricos, como a elite de banqueiros e o complexo militar estadunidense. E o povo morando nas ruas.

[@midlander8186]

The US Federal Reserve Board manages the value of the US dollar as well as it can for the benefit of the US economy. When other countries use the US dollar to value products and services they entangle themselves in the Fed's mission, which is not the welfare of countries other than the US. The US dollar has the position of reserve currency for historical reasons, but the phenomena that made the US dollar the reserve currency have gone and it is just a matter of time before the dollar's position as reserve currency diminishes. However, the weakness of local national currencies might extend into the future the value of trading in the dollar, but, again, it doesn't make sense for countries to use any longer than necessary a currency that is not managed for the benefit of their economies.

[@johnteets2921]

The Fed does not manage the dollar for the benefit of the the US economy, but for the benefit of Globalist investors, screw the mere people who have to live in the US.

[@dillonsawyer9377]

Thanks!

[@SeanFooGold]

Appreciate it! Thank you

[@FreeSpirit-gk7sn]

Seems like BRICS is ahead of the curve. Why countries just don't leave the dollar prison alone is beyond me. They could just go back to some sort of gold backed currency to trade in. That would make it much easier to set a fair price on goods, replacing the fiat dollar.

[@colberthunter12]

Because they are actually making money with the dollar and one country, not 5 competing countries who don't like each other and investors are scared to invest in that uncertainty.

[@nikonikolov1075]

Yes you're right, however you need security, physical and cyber security. That's what BRICS is working on. Yes there will be a system based on commodities, but security is everything nowadays.

[@nikonikolov1075]

@colberthunter12 that's not true, China and India are resolving border issues. This is overblown by US. XI JINPING SAID "WE NEED TO HURRY UP" and he said it about the BRICS PAY and BRICS BRIDGE systems...

[@larryc1616]

Brics doesn't want to trade with each other without the USD 😂

[@zekeaffy9647]

@@larryc1616 Not true, a narrative? nice bait.

[@daveh5947]

European Farmers are just realising about the Tariff Free Crops from Brazil. 😊

[@Ace1000ks]

Chump is bonkers, he will accelerate de dollarization. In the future, the US will not be able to finance everything with unlimited QE.

[@edoar7202]

70% of Brazil's deficit in 2023 was a product of the previous president, when inflation was over 10%, Brazil's central bank president (a hard core Bolsonaro supporter) kept interest rates around 3%, ridiculous. When Lula took office the central bank began hiking interest rates, today we have 4,5% inflation and interest rates @ 12,5%, pure sabotage, the main cause is not public spending, it's the interest payments to roll the debt. BTW, the Real hit 5,97 during Bolsonaro's presidency, and not a word from the so called analysts!

[@WiltonSilveira]

Teu cool. O Bolsonaro melhorou tudo e o luladrão estragou tudo.

[@annakattenmaannakattenma3928]

God willing

[@kenlee1416]

Can't they fire those subversive central banksters.

[@xmkjf]

A dívida pública dos países colonizados é impagável. Os EUA e aliados garantem que esses países paguem e paguem, às custas da miséria da população. E ainda chamam esses governos amarrados por eles de "irresponsáveis", ''gastadores ". Não é nada seguro pegar dinheiro do império, você perde sua soberania.

[@franciscoalmeidapersonal6863]

BR debt = 78% gdp , US debt = 120% gdp , JP debt = 230% gdp , Most EU = 150% to 180% So what ???

[@Alicja009]

Ale zrobiła sama Bruksela

[@lucianfiul3035]

Think pensions😮

[@akakakakakak3084]

That means someone has owned two times money of the world.

[@ilovebarcelona9256]

BR debt 108% gdp By debt clock

[@josecamello999]

@@ilovebarcelona9256 Not true, your information is fake, and I think you published this fake data on purpose. Real debt is under 80%

[@petergreen5337]

❤Another excellent report Thank you very much Sean

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[@Fortnitecastaldo]

She is really a good investment advisor. I was privilege to attend some of her seminars. That's how I started my own crypto investment.

[@bernardocosta7935]

Brazil's main spending component of this 10% deficit is with interest payments for rolling its public debt. Public spending on services or investment is really not very big.

[@WiltonSilveira]

Acho que tu não sabes o que é "gasto social" (corrupção e roubalheira).

[@generalbenjaminarrola340]

​@@WiltonSilveirao gasto público é maior com o pessoal do agronegócio

[@WiltonSilveira]

@@generalbenjaminarrola340 mesmo que seja, o agronegócio gera receita o ano inteiro. Já o "gasto social" sustenta parasitas.

[@erichbeck9302]

I think you're right in your overall summary - no-one wins with all this isolationism in the long-run. The US car market, for example, is also really in trouble, with lay-offs occurring and millions of unsold cars in dealers' lots. US brand cars from Mexico are selling for $100,000... how are cars made entirely in the US, with all their imported components under heavy tariffs, going to be cheaper ? The market there will collapse even faster. And they certainly won't be able export anything they manufacture because it will be too expensive AND under reciprocal tariffs. Can the US REALLY survive as a closed loop economy ? Do Americans really want to go back to the living standards of the 1950's. It may sound rosy, but people lived with far less then than they do now...

[@birdyflying4240]

Spot on! Isolationism after globalism and outsourcing most production to Asia and then expecting production comes back can only mean super high prices and cut of from raw material (rare earth) and even medicine. It will be a disaster and fall of wealth not seen. Big part of richness was and is based on deflationary low prices of imported goods, without that consumers will feel and be poor.

[@davidlai399]

Closed loop economy = high cost + non-innovative. Would you like to have the equivalents of Ford and GM products all over the house?

[@mkedan6741]

Correct, Stellantis(Dodge, Jeep , Ram, Chrysler) is in huge trouble in North America, plants idle and layoffs. Massive quality issues with massive prices has hundreds of thousands of 2023 and 24 models sitting on lots. Who wants to pay $70+K for a pick up assembled in Mexico? Pretty soon, all US brands will have little US flags with "designed in the USA" on the glass.

[@mulattoassassin]

Living was way better in the 50s the dollar had way more value homes and cars were way cheaper. But this time around it’s going be more like the Soviet Union.

[@Ofelas1]

Mexico, Brasil...are also America. The problem with the US, they think they are soley America or even the world

[@WhyteVintageWine]

Geography is different from our name. America is our name, same as geographical designation. North America is a location.

[@Valentina.Montano]

​@@WhyteVintageWine that's just an excuse for their narcissism

[@eduardodelatorre9439]

..some centuries ago the british colonizers found a way to despise their enemies in their colonies....so they baptized them as americans ...as a way to denigrate.....

[@WhyteVintageWine]

@robyenney951 America is our name. Not an address. Will not be bullied into saying otherwise. Kings & ambassadors of different European countries specifically always referred to th 13 colonies as America, Canada as Canada, Spanish Florida as that, Louisiana territory(French) as that, Texas as that. Always been our name.

[@Ofelas1]

@WhyteVintageWine but the US does not own the name. "America" is generic, only in conjunction with United States specific.

[@audas]

Same thing is happening to the Australian Dollar which is down 40% from 2011

[@davidwong7283]

Even weaker than tiny Singapore ? Shocking . We got zero natural resources .

[@zeusmaryusep]

Dedollarization is the only option left to avoid bondage to "US $ currency". Unfortunately, US$ is still reserve currency and will take years to reverse this trend.

[@theprophet489]

Keep dreaming 😂😂

[@johnbrown6376]

@theprophet489 hubris before the fall

[@alrent2992]

The u.s. d. Will be reduced. Not replaced.

[@xmkjf]

​@@alrent2992será irrelevante.

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[@vanhocwong6689]

looks like somebody is shorting Brazil

[@helenscoffield]

Brazil is following Russia . See how healthy it became without US dollars.

[@toledo980]

Nah, the elites here are very pro america, unfortunately

[@alrent2992]

It's about oligarchs trying to overthrow the Lula government.

[@rogeriocastroms]

We are going to keep distance from USA shit.

[@xmkjf]

​@@alrent2992Eles acham que Lula é um empecilho para chegarem mais rápido ao cofre.

[@PranicEnergy]

John Keynes actually proposed a commodity based international currency called 'Bancor' at Bretton Woods. But the UK was already broken at that time. According to Keynes, using a national currency requires that country to maintain a strict and well disciplined fiscal policy. As it turned out, the discipline part was sorely lacking and now a commodity based international currency is emerging.

[@EgbertYashashree]

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[@Dennis0824]

SCAM!

[@AIPretendingToBeHuman]

Devaluation should be the goal of developing countries assuming they have a stable and independent local economy. Remember, it was the Plaza accords which forced Japan to strengthen the Yen against the USD that brought about the lost decades. Prior to Plaza 1 usd =235 yen- which allowed Japan to dominate the export markets

[@davidEAW]

Shaun your analyses are excellent

[@estelasantos1917]

brazilian newspapers tell us a completely different story 🤔

[@armchairwarrior963]

Most of the world's media is control by CIA/US. Too many journalist are western influenced or educated.

[@ZoëDevos-g3r]

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It's obvious many people is doing this online Investment

[@AdrienMarie-d8g]

Investment is the key to achieving success with the current pandemic slowing down so many businesses aww

[@McLOVIN_USA]

In relation to Brazil, I think you didn't take into account that the former president of the central bank was a close friend of former president Bolsonaro and manipulated the interest rate to harm Brazil's economy. Today the Dollar is soaring due to speculation by large investors who do not want President Lula but rather the return of Ex-President Bolsonaro.

[@ashton1952]

How long has the left been in power, adding all previous terms plus this one?

[@WiltonSilveira]

Pares de fumar orégano, esquerdalha!

[@rebelfactsmedia4333]

Your so brainwashed. Lula is running a 9.5% deficit. Do u understand that number. When u do come back with ur left wing propoganda.

[@MultiReptilian]

Refreshing nuanced take on a complex matter without painting a picture or narrative 👏🏻

[@elizabethly86]

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[@Dennis0824]

Anything XAI is a scam.

[@pdehaan2004]

Brazil’s fiscal spending is far from “out of control”. The primary deficit (before interest) is estimated to be 0.6% of GDP, which is very low compared to the OECD average. It’s a federal bank president antagonistic to the government plus his friends, the “market”, that is holding the government ransom, setting interest rates sky high, without almost any justification. 3% growth is considered “above Brazil’s natural growth rate”, too hot! Ridiculous. Inflation runs a little above the initial estimates, at 4.80%, or so, but that’s mostly due to increase in dollar rate and a bad crop plus increase in electricity prices due to a drought in 2024. Nothing justifies 12% interest rate, or above.Its the wrong medicine for Brazil’s situation.

[@Felipe-n3j]

BRICS currency is coming…back up by gold…

[@mamacryright5740]

_So far only few, Brazil and China ?? What about Others ? Don't regret later esp Europe!!_

[@nabiljai9487]

Every time someone does it, "mysterious" regime changes happen, remember Gaddafi?

[@Jason-sf8vx]

Economies around the world is facing major threat and Brazil , EU and other are peripheral symptom before the full blown of pandemic

[@jamesalec1321]

In a significant shift for American retail, Nordstrom has agreed to a $6.25 billion privatization deal. The Nordstrom family and Mexican retailer El Puerto de Liverpool will acquire the iconic department store chain, founded in 1901.

[@randybest9187]

The USA does not have the gold reserves it claims.

[@Elementaldomain]

I believe they have not conducted an official audit since the 70s. The audits done since then, have never been signed off by any government official

[@mcarr7617]

I HOPE YOU GET WELL🎉🎉🎉

[@barryshaw5660]

This currency crisis had to happen sometime when you only have one main currency that’s gonna cause a problem sooner or later.

[@MML-gk5xc]

Thank you Sean 💪🙏

[@junman-on3yz]

Interesting…funny at the same time. I live in Taiwan, but I found that the RMB and TWD has a narrow trade band. Currency exchange rates seem to fluctuate a lot with the USD… but not among the “non western “ countries….

[@inttubu1]

Merry Christmas Sean🎉

[@marcoscastro1398]

I heard this for 20 years over again .

[@krejados1]

The more he bellows and bloviates, the more he's admitting the U$ is bank rupt and desperate. Also, it'll be fun to watch them try to restart domestic manufacturing as raw materials nations impose sanctions/demand non-U$D payment. And how quick will the infrastructure fail? How long till workers receive proper training? Whee!!!

[@Elementaldomain]

I get tired fingers from trying to explain how bringing back manufacturing is impossible 😂

[@moiramaine8986]

everything starts with raw materials. even if US have them, they need to be refined. how many of those refineries are in US?

[@davidwong7283]

I believe trump wants the good for America . He has proven many wrong and this time I will give him the benefit of the doubt . I agree with u he knows it’s now a desperate situation .

[@davidwong7283]

Agree with you . Years and years of laziness , unions and protection , obesity from thrash food , mental health issues stemming from celebrity adulations , porn , violence , drugs … Uncle Sam is a sick man . At most functioning around 50% of what it used to be.

[@ncgn13]

China devaluating its Yuan as a counter to US new tariff. China had done the same in 2018-2019, it is by designed so their exported goods remain affordable despite new tariff.

[@theneverending9319]

Tariffs are just a bargaining tool. Other countries have had high Tariffs on US goods for decades.

[@HHome-mi9jv]

Brilliant analysis of current geo-political events - as always!

[@royhodge6260]

Very good info

[@silver-en7kl]

And yet gold is down this morning. Makes no sense at all.

[@jaym9846]

Where did Brazil get $17 Billion USD? From lenders? At what rate?

[@kiyoshitakeda452]

Enjoyed the video. Merry Christmas !!!

[@DollarBillll]

This is nothing new for Brazil. In the 80s & 90s they were a problem with their currency and economy.

[@randybest9187]

I guess that is why they are always "Emerging".

[@waynethorpe1341]

Thanks

[@LunaLapin-ho5tk]

Tariffs are the only way the US can pay the bills and pay off the debt. It will only be for a few years. We need at least 4 trillion extra dollars and there is no place we can get it. We're really going to be hurting in Jan when 150 countries move onto the new payment processing system which doesn't take our money.

[@firstlast-pt5pp]

win -win for Brazil actually - it has a lot of export capacities

[@blumaxx1]

As the good book says...gold and silver will be tossed in the streets for its lack of value or ability to buy said commodities,, food and water are more valuable than a supposed Precious metal😢😢😢😢 But each to their own we will find out in the end who is right and who is wrong😊

[@masnur7007]

Sean, so can China/ BRICS help Brazil in any way?

[@Elementaldomain]

They already are. Honestly, some days, I have no idea where Sean is coming from….today is one of those days. Brazil will be fine. China just moved from the U.S. suppliers of wheat, soy and corn, to Brazil and Argentina. They are some great vids on YT about this.

[@JBonhamsGhost]

Interesting how Argentina got its act together of tying their currency to the USD.

[@Sion-No1]

USA is service based economy

[@alanserjeant4947]

Yes. You don't get rich by serving each others table in a resaurant.

[@hclau218]

No.. It is a Mafia economy.

[@teatree6228]

Low RMB is good for importers from USA

[@JimmyHat-k4t]

Good one Sean

[@DonGonTheOne]

Eu te amo Brazil!!! ❤🇧🇷

[@bitsandbobs4082]

Brazil needs to continue its course and it will grow its economy if it retrenchs it will not grow to the mass it needs to be independent as it could be dont be turned into a beggar

[@dingo1yongo]

No one has taken advantage of the US. American companies of their own volition moved manufacturing out of the US. I doubt you can tariff manufacturing back to the US.

[@mark_2]

US corporations are obligated to maximize profit for shareholders so they moved and Trump blames the countries they moved to. But I guess people are dumb enough to buy it.

[@mmuk5903]

Limited analysis about Brazil's situation. "Investors" challenge government's spend so there is more funds available to pay interest rates, which are all time high in Brazil. When governments try to cut subsides for companies that do not translate those into benefits to society, or from cutting benefits and high public servants salaries, they are all against. They want the government to cut benefits for the poor.

[@xmkjf]

No Brasil os ajustes fiscais são sempre para retirar dinheiro dos pobres e dar aos ricos. Mas agora é pior: estão tirando dinheiro dos miseráveis para darem aos hiperricos.

[@jonc6463]

Is there a magnified & differential effect on US dollar value (created by US Federal Reserve) if there is an increasing trade in alternative currencies - meaning that, as there is a decline in the total percentage of traded US dollar globally - does the US Reserve’s interventions have a bigger effect on the country’s portion still traded in US dollars?

[@garykappes4654]

Capitalism is why manufacturing left the USA and other high cost countries. I don't see how any politician is going to change that.

[@Elementaldomain]

The problem is there is almost no one in the U.S. who truly understands that Capitalism is a predatory system that only benefits the rich and the rich use the population as slaves. They still haven’t woken up….they still are on about “China and Russia bad”. Completely brainwashed. 😂

[@ALAN_SATOSHI_GREENSPAN]

🤫🚨SILENT DEPRESSION🤫🚨

[@jackshultz2024]

With over $750 billion in US reserves, China can easily recycle its surplus dollars by issuing low interest bonds denominated in USD that nations indebted in USD to Western banks can refinance their loans and purchase the bonds in RMB. China could also issue bonds denominated in USD in competition with the Federal Reserve forcing up US interest rates.

[@bobsmith3983]

China has done exactly that and issued bonds denominated in USD in competition with the Federal Reserve. The bonds were sold in Saudi Arabia and were oversold 20X.

[@johnteets2921]

Sort of like EuroBonds ?

[@jackshultz2024]

The sale in Saudi Arabia was relatively small. Only $2 billion. What effect would a $200 billion bond issue have? China can now move US interest rates in any way they choose . They can issue high interest bonds or low interest loans as and where they choose.

[@verdeaqua3990]

It has to do with taxing the super rich in BR ! All cooling down now still growing at 3,54 per yr

[@inezm8444]

Aussie dollar currently sitting below US 63 cents.....

[@redfoxfang]

keep on buying more submarines 😅😅

[@thisiskevin1000]

Diversification of currencies is a must

[@BarryKing-mc7vq]

Hey Sean, is your picture painting of Napoleon Bona part

[@_m_K_.]

Yes, David.

[@virgiliod.9436]

To get some relief EMs can barter in gold. Gold has risen so fast this year and in gradual decline now and is real money.

[@JCSY1]

Everyone has to move away from the USD. Sacrifice short term pain and go for long term benefits. For those trading with China which most countries does, just make a deal with China to use Yuan and their own local currencies. Take the USD out of the picture as much as possible. Same goes with trade with other countries. If they are willing use local currencies or even yuan instead.

[@rogerstarkey5390]

Is this just the next country "Getting out of Dollars" Imagine we see more doing the same to "lessen the pain" when a prearranged message goes out among BRi countries to "SELL ALL DOLLARS TODAY"? Extreme, but that would be "Interesting"?

[@JCSY1]

@rogerstarkey5390 Not extreme but practical. Most countries will move away from USD as much as possible and there is no stopping it.

[@moiramaine8986]

these things has been happening for years now. that's why asean is china's biggest trading partner. asean ppl use qr code to pay each other in local currencies. no usd shenanigans

[@audas]

Compare the Brazilian Real to other currencies - NOT just USD. Better indicator.

[@chinsoo369]

The AUD is not spared, the USD is too strong. Tariffs may play some significant role in the next year or two. but AI and robotic production will censor it all. Production will move closer to the home countries, and deglobalisation will displace jobs in any way. The trend towards deglobalisation, driven by factors like geopolitical tensions and the COVID-19 pandemic, is leading to more localised production. This shift can impact global trade patterns and potentially displace jobs, particularly in industries that rely heavily on global supply chains.

[@ingridheller8933]

Gold has to be a peg - not USD

[@Newlinjim]

A fiat will always be corrupted by the government who issues it.

[@billiesindios]

This crisis had been influenced by the Brazilian Central Bank president, who was named by the former Brazilian president. Those where his last weeks in office, now things tend to a controlled reduction o interest rates, impacting in the growth o public spending while reducing the governamental internal debt.

[@ZhangYuan-o8g]

Brazil is not panicking the real is at an all time high so they are cashing in Generally all BRICS currencies have weakened due to the geopolitical tensions China is fueling

[@michaelkatz275]

Have you looked at what's happening to the BRICS currencies? With the exception of the South African rand, all of them are depreciating against the dollar. The real issue lies in economic mismanagement within the BRICS nations, not with the dollar itself.

[@Sefab-u1x]

Day 1 of scamming scammers by giving up their Bitget wallet phrase ( price mixed cargo human energy brown draw salmon knife path biology police)

[@johnrolavs6794]

I know it's counter intuitive, but a low currency is actually a boon for exports. A high currency is fantastic for the purchasing power of a countries citizens, but it hamstrings a countries ability to sell abroad.

[@Elementaldomain]

The figures are false my friend. The U.S. is comparing dollars when dollars aren’t being spent by BRICS countries. But they continue to try to pull the wool over your eyes, and apparently it is working. It is no longer a true figure to compare dollars to the local currency buying and selling that BRICS, BRICS, ASEAN and SCO uses as payment. I would think this would be simple to understand, I guess not.

[@moiramaine8986]

are you saying US has such an excellent economic management? lmao. usd has been manipulated forever. lower currencies are welcomed by exporting countries, something a consumer nation like US don't get

[@michaelkatz275]

​@@johnrolavs6794 Trump wants a weaker dollar because it stimulates exports, making American goods more competitive in global markets.

[@cathe3633]

How does the migration of the dollar off shore affect the Hong Kong dollar tied to it relative to the RMB?

[@sashakoviski]

I am Brazilian and live in Brazil. The problem in Brazil is a government that spends excessively and shows no concern for fiscal responsibility. The current administration is creating more taxes for the population and industry, which has greatly impacted prices. Moreover, the government has breached the spending cap multiple times, and the presented economic plan is ridiculous, causing capital flight. Those with investments in the country are converting their wealth into dollars, withdrawing investments from Brazil and placing them elsewhere. There’s also talk about the government wanting to heavily tax individuals earning over $200,000 annually, further contributing to the issue. Personally, I have already withdrawn all my money, and everything I earn I convert into dollars. I won’t keep my assets in a weak currency under a corrupt government that provides benefits to businesspeople connected to the administration while taxing everyone else. I should also mention the approval of a fiscal reform, which replaces the current taxes (multiple taxes) with a single tax. This tax, even before coming into effect, is already the highest in the world, set at 27%-29%.

[@MansaMusa-v4r]

Thanks again Mr. Foo!

[@pernilsson9749]

The Braz sellings is not "panic" selling. Dont you see it?

[@58rodvaz]

I think there was a lack of political perception of what is happening in Brazil, including the speculative movements that were generated with the help of the president of the central bank and the blackmail of Congress to approve the fiscal adjustment. 🇧🇷