Why Lebanon Made Their Pound Worth $0.000066

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Ok maybe it's not TOTALLY valueless...
Some sources and readings:
Crashed - Adam Tooze
www.investoped....
www.ceicdata.c...
tradingeconomi...
tradingeconomi...
www.ceicdata.c....
www.cfr.org/in...
www.frbsf.org/...
www.chicagofed...
www.aei.org/re....
www.imf.org/ex...
databank.world...
www.imf.org/-/...
www.arabnews.c...
www.statista.c...
www.aljazeera....
www.ft.com/con...
www.salaryexpl...
www.voanews.co...

[@h0ser]

Go to 80000hours.org/h0ser to be sent a free copy of their in-depth career guide, which aims to help you: Learn about what makes for a high-impact career Get new ideas for impactful paths Make a new plan based on what you've learned, and put it into action

[@seblewongelmamo9446]

I beat you to being first on your own video

[@mylifeperiod630]

Me when lord h0ser finally releases more real life lore for us to enjoy

[@zhcultivator]

Please make a video on Corporatism and Georgism

[@You-Know-Youre-Right]

must be like living in a dystopian nightmare in China

[@bikeman1431]

nuh uh

[@shinynosee2199]

Bruv i legitimately forgot that you existed 😭😭

[@devam8193]

Same

[@K3end0]

He was only gone for 2 months 💀

[@eminempreg]

I was lurking on his channel just an hour ago no not me. I never forget🐘

[@surewai]

Same

[@SHARKBiTE-]

oh hes alive? awesome

[@stevens1041]

Completely different economy, but Japan spent decades pining for a weak yen. Now the Yen has sunk so low, the government is spending tens of billions to buy the currency to save it. Wild. China and Japan both sinking their currency reminds me of the "gave away all my money so I can grind harder" meme.

[@tanjeeschuan4999]

More like selling stuff at a loss

[@effexon]

"buy currency"... companies in wallstreet bought their own stocks to bump value ... if we pay loan faster it is similar thing but technically reduces amount of money. so is bank of japan just holding that money in their bank account or can they delete it? with FED, most of money is technially debt, so delete is possible; they just dont give as much money back to market. I assume currency is IOUs, similar as bonds and other "paper money" in stock market.

[@linshitaolst4936]

China's RMB has only depreciated against the US dollar (due to the Fed's crazy interest rate hike), but for both the yen and the euro, the RMB has appreciated

[@theburden9920]

@@linshitaolst4936thats what makes the Fed so powerful they can influence other countries economies by just fiscal policies

[@feluto7172]

International debt is the reason and its a scam. If you're wondering why everyone thinks russia attacked ukraine for absolutely no reason it's because russia never subscribed to this world banker agenda

[@juhotuho10]

videos about pegging are always fun to watch

[@jeromeryan4550]

xD

[@abdelmalekmetidji]

Pause

[@Vicarious_Heart]

hol up. 😂

[@uguryavuz6036]

wait a minute 😯

[@kenos911]

Gotta love maintaining the peg😩

[@damgonzalez0]

I'm Argentinian, it's crazy to think that SO MUCH has passed since the 90s and the 2001 crisis, and I wanted to comment on that, but as you showed, economically it's as simple as that it's just the SAME problems that've been continuing up to this day (because they STILL haven't been fixed), so once again the famous saying here that goes "if you leave Argentina and you come back the day after, ANYTHING AND EVERYTHING could've changed. if you return 10 years later, you find that nothing is different at all."

[@lucianoimperio7986]

Gran frase y completamente verdadera, estamos en un loop de crisis económica

[@grimaffiliations3671]

if you want to fix it get rid of the peg

[@leaper3794]

@@grimaffiliations3671 That's not the only problem in Argentina, the problem was the government and all the regulations, corruption and unnecesary spending (and making a lot debt and not paying them) with Milei Argentina will get better and its economy will heal, at least that's what I believe in as a Brazillian that lives right next to it.

[@geminusleonem9365]

@@leaper3794 That's HILARIOUS! If you think anarchical capitalism mixed with far-right ideology works you should just read a book and stop joining cout attempts against your government xD Seriously, it's like you guys just don't learn even after having multiple far-right governments ruining your nation.

[@metehansert647]

yo ma man is the new libertarian guy doin something to fix it ?

[@andrewnelson6407]

I just was thinking, “how cool would it be if we got a new hoser video” and now I have one. Very cool

[@archibaldhernandez5553]

Me too! Just yesterday I was thinking, "Man if we could have a new hoser video"

[@supersardonic1179]

Nice, now do "How cool would it be if the guy replying to me gets a new watch"

[@gtbkts]

​@@supersardonic1179 Right 😂😂😂 Can't blame you for trying. Hope it works 🤞

[@owensmith2137]

Same

[@kimnoir]

The question is when.

[@mishalebdva]

0:45 Didn't know I was a currency😳😳😳

[@Only1omer]

Pause

[@keanux5906]

omg same

[@chmesechmao8659]

Beggin for a peggin

[@jaketaylor3901]

He has Risen 🙏

[@angelortiz4631]

Amen

[@Christmaseevee06]

Brazil also made the real 1 to 1 in relation to the dolar when it was created, and it kainda worked

[@shorttermmemory6113]

Hosus is risen indeed

[@MugroofAmeen]

@@israelisreall oooo cruxifiction oooo soo scary ooooo

[@liongjiahwong5478]

Wait for another 10,000 years, nothing will happen.

[@TheShire26]

“They call it PEGGING-“ *”THEY CALL IT WHAT”*

[@HeisenbergFam]

You know hoser is dedicated when he spent 2 months infiltrating China's HQ just to make this video

[@somerandomkid9976]

I know that I'm asking a bot, and that this a a fruitless endeavor, but what is the intention of the Heisenberg and now the HeisenbergFam commenting phenomenon? Is it merely to troll or is there a greater reason for this comment game?

[@sweepyspud]

waltuh

[@tonysoviet3692]

Seems like someone has been reading on Michael Pettis' works. This is not just China, it's basically how export-driven growth model works, and have been used across developing countries, including all the Asian tigers, South America... China's leadership recognizes that they need to now restructure the economy toward private consumption to maintain economic growth, which explains all the push for "common prosperity", since the traditional sectors like infrastructure and housing no longer can productively absorb any more investments.

[@stevens1041]

Taiwan dollar and Thai Baht have been somewhat stable for a long time. Then you have countries that aren't trying to boost exports, they are simply going bankrupt--Lao Kip and Burmese Kyat, for example, total disaster with those ones.

[@qinby1182]

You should be aware of 2 facts... Currency controls DO NOT depreciate the value of a currency IT INFLATES IT, simple Economics 101... less supply higher price. SO China WITHOUT currency controls WOULD HAVE A LOWER VALUE ON THEIR CURRENCY. It is kept artificially high NOT LOW. Secondly, the dependence of exports for China is really not as high as people seem to believe. For China exports are around 20% of GDP compare this to European countries... Germany >50% France 40%? UK same ball park. China is simply not "living and dying with exports" GERMANY IS

[@multidavid7473]

How much of China's GDP is locked tight behind the world's largest housing bubble ?@@qinby1182

[@jeez5735]

​@@qinby1182 currency controls do not mean that a price is kept artificially high or low. It is the act of forcefully keeping a currency at a stable price. In this case they do this several ways the most famous of which would be by buying a large amount of united States debt and by setting limits on the amount of money a Chinese citizen can take out of the country. (I believe the limit is $50,000 USD a year which I think the fact that the value is set in USD is pretty indicative). The first act reduces the amount of yuan on hand and the second one prevents currency from leaving. Less supply higher price is "simple economics 101" but it's so simple because it's in a vacuum. Countries can shift the value of their currency in general directions but they can't 100% control it. In addition to that things that can't be controlled or calculated as accurately with a number can impact it such as FEAR. There are a lot of factors that can change value and impact decisions. Calling economics simple shows your lack of understanding on such a complex topic. As for your claims about Germany and China I couldn't find a credible source on GDP with your numbers. The closest one I found is Wikipedia of which some of the numbers have not been updated since 2017. But nonetheless you're still oversimplifying your numbers. China Household consumption 37.17% Government consumption: 16.08% Gross capital formation: 43.48% Exports of goods and services: 20.68% Imports of goods and services: 17.47% Net exports: 3.21% Germany Household consumption: 53.1% Government consumption: 19.5% Investment in fixed capital: 20.4% Investment in inventories: −0.5% Exports of goods and services: 47.3% Imports of goods and services: −38.7% Unfortunately Wikipedia decided to calculate their GDPs differently but whatever. These are the closest numbers I found to your claims. If you have a credible website with your claims please list it with a specific link. Yes, Germany does have a higher export %. But it doesn't mean it's necessarily as reliant as China. The majority of Chinas in house production to be produced within China requires US goods, it's real estate market, the largest percentage of the average Chinese persons net worth has crashed reducing investments. Most of its imports are food and raw materials. So if the exports failed then guess what? Its imports would be massively reduced. As would it's investments, and everything else. Germany have a deficit according to the numbers and a crash would hurt it's jobs but it would still be able to function. Though it's economy would be devasted Germany still has something. China doesn't. TLDR: currency controls do not always reduce the value or increase the value of a currency, economics is not simple, China is reliant on exports but not as much as people might think a lack of exports would still wreck the economy. Germany is over dependent on exports but not as much as you might think.

[@shutupMaji]

Problem is that the demographics and economy show that all the money is in the hands of the older population who've been investing in real estate, hard to convince the young or even middle aged to spend money they don't have

[@DOSFS]

China : Tried to keep its money value down so its export is competitive Also China: Accidenly devalued too much which accidenly exacerbated its debt crisis. China // *Surprised Pikachu face*

[@rainboworiental9521]

Most of the Chinese debts are borrowed in RMBs, so devaluation could also decrease the real value of debts.

[@josef_belz519]

That doesn't work like that, though. If you borrow 1 billion dollars and the dollar goes down 50%, you still owe 1 billion dollars. Functionally, you now owe the equivalent of 2 billion dollars.

[@qinby1182]

"China : Tried to keep its money value down so its export is competitive" Well REALITY contradicts this. IF China had a floating currency the value of the Yuan would go down, meaning the currency control keeps THE VALUE HIGH. A good practical example is Russia... they had capital controls for 6-8 months?? One USD got 60 Ruble, then they removed capital controls one USD got 100 Ruble NOW a week ago Russia re introduced capital controls, now 1 USd = 92 Rubles. Capital controls DO NOT KEEP THE VALUE DOWN IT KEEP IT UP Totally CONTRARY to this video.

[@hokroeger]

@@josef_belz519 No, that's not true. It depends on the interest rate. If you borrow a billion USD at 4% interests. and the dollar value goes down 50% over a year, at the end of the year you will owe 1 billion dollars, plus 49 million in interests. The one who borrowed you the money, is the loser.

[@tomlxyz]

@@josef_belz519 The problem is when you take out a loan in a foreign currency and your own gets down. If it shrinks by 50 % you need to come up with twice as much money since your income isn't in foreign currency

[@seiso636]

i live in lebanon and the currency has basically stabilized. since we have no government we have to keep the lebanese pound stable ourselves. in american terms its like either paying everything in singles or using the canadian dollar. thing is anyone with a us dollar payroll can get insanely rich since stores have mostly dropped their prices to stay in business

[@justapplepi3]

I am glad it has stabilized, wish everything becomes alright in Lebanon ❤

[@falconeshield]

How df can you survive without a country?

[@concept5631]

​@@falconeshield People still live in Somalia and that's way worse.

[@lilol8761]

@@falconeshield we still have a country? 😭

[@WouldYou555]

It actually did happened.. but going from 250k Dollars a year to 3700$ a year us insane

[@tomblaise]

One thing to note, the actual ratio of dollars to any other currency is irrelevant as to whether that currency is strong or not. If my current is 100 Yen to 1 Dollar, that doesn’t make it any less strong that the euro at 1.1 Euros to 1 Dollar. The important thing to consider when a currency is stronger or weaker is the relative change in a value of a currency. Theoretically, we could have a currency with an exchange rate of 1 trillion to one dollar, and so long as it’s relative value was increasing against the dollar, we would call that currency as strengthening against the dollar.

[@demeter1793]

Exactly, I don't understand why even economists fail to understand this. By devaluing your currency, exports aren't increased because your money is cheaper, it's because prices aren't injusted to inflation. All this is, is stealing money from your people

[@alexlau537]

You see the thing

[@2bad2bemad20]

kinda like japan?

[@tomblaise]

@@2bad2bemad20 Japans currency has been weakening recently, but yes. In general it’s been quite stable against USD and has had the position of being a more minor global reserve currency.

[@Eurotool]

Yeah I don't get how he went over that

[@onboardlaps5639]

Little updated info for 7:00 The Lebanese Pound traded for around 91.000 Pound per Dollar on the street at the beginning of October, so roughly 2 months ago. And about 7:39 You can scratch the "some markets". It is almost all of them by now, at least in Beirut. You can pay by Pound still but in some cases Pound prices arent written down, meaning you are at the mercy of whatever exchange rate they apply.

[@mhmdalilovesye]

most places ive been to have the exchange rate if 89,000-90,000 pounds per dollar, except that one place that charged me 100,000 pounds per dollar ☠️

[@bentx8568]

@@mhmdalilovesyehow does salaries work are they given by pound or by usd

[@MostafaCRMC]

This is exactly what happens imagine 1 billion pounds are just equal to 11,100 dollars while they were equal to 663,000 dollars,so now people only talk use pounds as hundreds of thousands if not millions.

[@orboakin8074]

This low valuation of currency would really be beneficial to my country, Nigeria, were it not for the idiots we have as politicians and their mismanagement of our infrastructure and industry and economy.

[@nicksnelson1231]

Exactly i always say this to my friends and family naira doesn't have to rise for the economy to be okay let it fall and focus on reducing imports and increasing exports in Nigeria and the currency will balance for whatever it's worth

[@orboakin8074]

@@nicksnelson1231 well said.

[@grimaffiliations3671]

@@nicksnelson1231 yeah dependence on imports is the main thing keeping developing countries down

[@linshitaolst4936]

China's RMB has only depreciated against the US dollar, but for both the Japanese yen and the euro, the RMB has appreciated

[@SelfProclaimedEmperor]

That's because the EU and Japan economy are both stagnant

[@WeichaoGong]

美国改的汇率，导致的兑美元的汇率下降，一切的一切始源于美国

[@ad_astra468]

I wouldn't say it has appreciated against the Euro considering it is 0.13€ like it was 10 years ago, more like stagnated

[@FrancesRyan-b2p]

Cash commodity is beginning to loose it’s value, the world we’re in today is a world fast developing more currencies are being created which beats the value of cash commodity and others, cryptocurrency today is fast growing and most people cease to participate in owning and trading with it

[@JewellOguin]

I’m shocked at how far the world of crypto has gone, it all started with no serious note given but today it’s the world’s leading currency 🥲 I’m glad bitcoin started all this and it has been favorable so far

[@LeonorFerreira-ur5th]

Trading with crypto is more beneficial than most people sees it to be, just like stock, and forex trade, crypto is also the world fastest leading currency now and in the near future

[@KadreYilmaz]

Investing in Stocks, Forex and cryptocurrency is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved in any you're missing out. Most importantly If you know how to trade you can make tons of money no matter where you find yourself

[@LexiPatel]

Bitcoin is the best coin to invest in fast rising and if you are lucky to have a good broker then I believe you have absolutely nothing to worry about because you are in for a finicial uplift.

[@AnaOliveira-io1hx]

I totally agree with you, the stock market is the most profitable venture I ever invested in, I reached my goal of $700k monthly trade earnings. Setting realistic goals is an essential part of trading

[@domitube2110]

you should review the swiss economy and their super strong currency

[@msergio0293]

They are money launderers

[@jt-ttt]

all the corrupted government officials around the world support that

[@ballbender9thousand944]

​@@msergio0293dude i think if they laundered Money the money would have been worthless 💀

[@emikomina]

its the same with south korea's won. they artificially keep it low so exports are competitive. they are also a currency manipulator, which is why other countries especially in asia, aren't especially "good" trade relationships with them. this is one of the reasons why samsung is as large as it is now and accounts for 20% of korea's gdp.

[@qinby1182]

You do NOT keep your currency low BY CURRENCY CONTROLLS Currency control MEANS RESTRICTION, Restriction of supply MEANS MORE EXPENSIVE any idiot should understand that. So China is keeping their currency "arificially high" but really WHAT DOES ARTIFICIALLY MEAN??? USA are raising their interest rates MAKING THE USD ARTIFICIALLY HIGH??? Well it makes the USD worth more BUT is it "artificially" or "manipulation"??? EVERYTHING in finance is inherently artificial so... nothing bad about that, it only really means "made by humans" not occurring naturally in nature. To manipulate only means to affect a change... Sp really the phrase "artificially manipulating" is MADE TO SOUND SINISTER but it is not, EVERYTHING HUMAN BEINGS DO IS ARTIFICIALLY MANIPULATING STUFF... Of course this includes THE WHOLE FINANCIAL SYSTEM. You really can not get rich by keeping your currency low valued ONLY IDIOTS BELIEVE THAT (YOU???) In that case Argentine would be SUPER SUCCESSFUL In the case of S.Korea... they used TARIFFS that promoted local industry... Then of course they got HUUGE support from the USA for fighting "Communism" but on the other hand they are still occupied by the USA who still keep forces there 70 years later...

[@playnite2188]

Lies

[@gregoryturk1275]

@@playnite2188proof

[@daeseongkim93]

Well Korea is in a much better position than Japan currently, Korea pegged it low for a time but it hasn't abused it to the extent Japan and China has to remain competitive.

[@jonnyj.]

@@daeseongkim93 Um... what? The won is in a FAR worse position than the yen. South korea kept their currency artifically low for countless decades. Their dictators until the late 80's did it openly. How else do you get to the point where megacorps like samsung control more than 20% of a korea's gdp, and even its politics...? Plus, the won is worth literal fractions of an american penny today...

[@vadertrap6535]

Rip gold standard, you were so beautiful while you lasted

[@guydreamr]

The Great Depression would like to have a word with you.

[@maxfield3106]

He'll be back.

[@mikewozawski1634]

Right brutal

[@MHG796]

Yeah, having your currency in gold reallt gives a investors stability, which is investment is all about, predictability

[@stevencooper4422]

​@@guydreamrCoincidentally around the time the Federal Reserve had been in full control for an economic cycle...

[@Given06]

The king returns

[@TheBitterSarcasmOfMs.Anthropy]

I could never figure out metric vs imperial exchange rates and that's why I always lost on the commodities markets - in America, a pound is pegged to 16 ounces but in other countries the exchange rate varies depending on market conditions.

[@mrcool7140]

Sorry, I just had a stroke reading your comment.

[@ElBach1y]

As soon as the video started i knew argentina was gonna be mentioned... God i hope my country can be prosperous one day

[@FredGuia-s1p]

One of the fundamental reasons for Argentina's economic sluggishness is that most countries in the world are economic colonies. Unfortunately Argentina is one of them. The proposal by the Argentine presidential candidate to abolish the local currency and fully adopt the US dollar is the best example of this. How can there be controllable economic prosperity without the ability to control the country's monetary policy?

[@leacwpc]

@@FredGuia-s1p equador is doing well, thanks

[@paulinski011]

@@FredGuia-s1p That doesn't make any sense, they are in an inflationary crisis and Dollarization is just a means to an end. That end is to stabilize prices so the economy can flourish again. Absolutely nobody thinks of it as "colonization"

[@GGY-yh6li]

I think Argentina and China are two extreme examples of the importance of economic sovereignty.

[@Trgn]

​​@@GGY-yh6li very true. However political sovereignty is more utmost importance. Without it there's no anything sovereignty. At least Argentina has the 1st one, already more lucky than many nations may I say

[@bamboosr8733]

high as fuck and spent about 5 minutes why Lebron James affected a countries economy so significantly

[@bamboosr8733]

wondering

[@theguywhoasked2957]

Lmao

[@nickolausheinzman]

This concept of pegging is very cool. More governments should become pegging enthusiasts‼️‼️👍😎 China is #1 pegging enthusiast country in the world‼️‼️

[@joaovitormatos8147]

Just a clarification: the actual number is just a mathematical value. The "easy to import/export" being only a result of Purchasing Power/Market Value ratio

[@that1niceguy246]

On the side, the amount of [Currency] per [other currency] in itself doesn't in itself mean the country is doing it to benefit exports or imports, as that is to do with under- and overvaluation and differences in costs of living and purchasing power and the value of a currency to begin with. However over time these tactics lead to exchange rates tending towards to follow suit over time.

[@jobomba9090]

I LOVE PEGGIN RAH!!!! 🍑🍑🍑

[@earth3556]

I love how you put the National animal of each country like Striped Hyena for lebanon

[@edwardsallow8931]

Wow, this subject is quite interesting, let me look for more videos about chinese pegging

[@siruichen228]

I like this guy's videos. Unbiased, factual and funny to watch all at the same time

[@russellnoe3054]

He be just a lil bias against Russia but I love hoser

[@jonnyj.]

@@russellnoe3054 But who wouldnt be biased against russia...? And why would you ever be biased FOR them? Especially if you live in north america like hoser? He is mostly unbiased tho.

[@big_dro1713]

Hoser, I am a big fan of your content.

[@Certifiedwaterdrinker7492]

Fun Fact : No Fun Fact for you today

[@NevermindHDx]

Understandable, have a good day.

[@frolt000]

Oh yeah ? , fine I'll do it . Fun fact: according to google the Canadian dollar is more important than the chinese yuan , oh and tacocat backwards is tacocat

[@Adomas_B]

Fun fact: You are albe to raed ervey wrod plercfety if the srtat and edning ltteer is the smae.

[@the_roman_emperor_fisheater]

​@@Adomas_Banother fun fact: I have 7 Peruvian children in my basement they work in the small coal operation I have under there after discovering a reserve there so far 3 have been scrapped fortunately we have be able to replenish the supply through importing them from india

[@frolt000]

@@the_roman_emperor_fisheater damn bro , I have a network of Bolivians running a "vegetable company "

[@elcactus4058]

It’s a good day when hoser drops a video

[@leaf16nut]

Who would have known that getting pegged was a bad thing 🤷‍♂️

[@BenAvenue]

i swear Hoser was his history/economics tearchers' favorite student

[@distorteddingo9230]

US : moves manufacturing to China Also US: China took our jobs 😅

[@zanettilla]

at the beggining of the year 1 us dollar could buy 300 argentinian pesos. Today it is 1200

[@leoF_0312]

Bro someone must tell him that the actual value is "dolar blue", not the value seen on Google

[@iandavidvillaloboswong5180]

So it can buy less argentinian pesos?

[@zanettilla]

@@iandavidvillaloboswong5180 no, today 1 us dollar can buy 1200 pesos. 2 weeks ago it was 900, a month ago it was 800 and thats how its been going for a while

[@iandavidvillaloboswong5180]

​@@zanettilla You didnt get the joke. It was that the monetary value of 300 pesos was worth more than 1200 pesos today. And the U.S dollar has also dropped in value. So with 1 dollar you buy less pesos even if the number is higher.

[@zanettilla]

@@iandavidvillaloboswong5180 ahhhh alright sorry I didnt get that

[@2f_2c]

Xue Hwa Piao Piao Bei Fong Xiao Xiao!

[@appa609]

The numerical exchange raye doesn't matter at all. Over/under valuation is a function of ppp i.e. relative buying power.

[@wolfpeeing]

Pls make a video about Central African Republic 🇨🇫

[@Jacob-ce7nh]

Great video, love your pegging content!

[@kiinmaskovich4108]

It's always a good day when hoser uploads.

[@meganegan5992]

>Sees country taking IMF funding >Immediately panics because *you know* their ecnomy is about to implode ""despite"" the efforts of the IMF

[@thepostapocalyptictrio4762]

You meant “because” of IMF, right😂

[@meganegan5992]

@@thepostapocalyptictrio4762 That's what the scare quotes were for, yeah. Their recommendations of austerity and privatization are rarely in the long term best interest of any country, and I've yet to see any nation in South America or Africa find long term prosperity as a result of these policies.

[@MugroofAmeen]

IMF loans itself is not a bad thing. The problem is that when a country negotiates with IMF, you know that something is _very_ wrong in their economy.

[@meganegan5992]

@@MugroofAmeen It is a chicken and egg situation, sure, but I don't know, I feel like world leaders on how to fix the economic woes of a country would have a better track record fixing economic woes than a loan shark.

[@punchthecake82]

Can you talk about the recent argentinian politics and javier milei? Please do so people outside here knows

[@mixererunio1757]

Very simple: boosting exports. Poland did the same in 2008 and it (thanks to separate from eurozone currency) saved our economy.

[@marcoac-sx6lq]

Same reason why Italy has been worsening since joining the euro

[@karolinakuc4783]

​@@marcoac-sx6lqAnd Slovakia too. Euro isn't stable coz who is even responsibile for its course? They say everyone a bit which basicly means nobody. Plus we gotta add to account the fact that Western Europe's economy is stagnant compared to that of Central Europe. So Slovakia was basicly paying for errors of Western Europe

[@goldbullet50]

My friend went to work from Finland to Poland for 6 months, and despite making less than in Finland, he could afford A LOT more. The consumer prices were insanely low.

[@lelouchvibritania8121]

Komu możemy w takim razie podziękować za uratowanie w większości od kryzysu?

[@grimaffiliations3671]

@@karolinakuc4783 Yeah joining the Euro is a huge mistake. A country that cannot determine it's own fiscal policy is at a tremendous disadvantage. You don't control your interest rates either, since you can run out of your own currency that market can jack up your interest rates like they did with greece.

[@andyyang5234]

5:30 I'm confused at this part. Whether than numeric value is higher or lower than 1:1 against the USD doesn't really show if its stronger or weaker than the USD. Rather, it's whether the price will float up or down if depegged (or in other words, if its consistently overvalued or undervalued but held fixed by the government). The Japanese government can just make the Japanese Yen, which is at 1:150 to the USD right now, do a 1:150 exchange to a "New Japanese Yen", and it would numerically be 1:1 against the USD. But it doesn't change th strength or weakness of the currency.

[@polarninjawastaken]

As a jordanian i can say that our currency does have a higher value than the usd (1 JOD is 1.4 USD) Howeverrrr prices of everyday things is soooo expensive. If you want to buy a Nintendo Switch game, you're expected to pay 60JOD when originally its 60USD. They kept the same number but the value is totally different. 😅

[@Notfallkaramell]

What would 60JOD be in USD? 180USD? 240USD?

[@polarninjawastaken]

@@Notfallkaramell 50 JOD is 84.6USD. I think paying almost 85$ for one game is just outrageous.

[@foty8679]

If the exchange rate is 1:1.4 its 1.4x times higher@@Notfallkaramell

[@polarninjawastaken]

@@Notfallkaramell what kind of a dumb question is that.. 1 JOD = 1.4 USD. Just multiply x amount by 1.4 or just use google.

[@teffical9304]

@@Notfallkaramell60 times 1.4 is 84…

[@BeyondEcstasy]

Hong Kong Dollar also pegs to USD And in Cambodia people straight up use USD. It might also be pegged 4000:1.

[@ethanwmonster9075]

China's currency being undervalued isn't so bad since they make a lot of retail products inside the country.

[@the_expidition427]

Only when youre the producer

[@huiyinghong3073]

@@the_expidition427 Chinese quality might be cheap but their quality sucks tho, u get what u paid for.

[@linshitaolst4936]

@the_expidition427 China is not like the US where free shopping riots occur everywhere

[@linshitaolst4936]

@huiyinghong3073 The quality of Chinese products is the most perfect in the world, unlike those made in the US, where Escherichia coli exceeds the standard everywhere

[@C-3POII45I4]

@@huiyinghong3073 When you decide to buy cheap goods, you should have a mental picture of their quality, after all, you get what you pay for.

[@koralynn4568]

hoser you gotta know that you look fantastic today 😉 err i mean good video :)

[@쀊]

most funniest part is 1300 korean won equals to only '1'dollar... but doller price in korea maintained 1100~1400 won for 20 years and japan maintained 100~150 yen to 1 dollar for 30 years It is curious

[@jaeger3052]

Communists destroying Capitalism with capitalism. The irony.

[@unknown3t]

Serbia peg EUR as well. Great video as always!

[@Panasiux3]

Holy shiet. I visited Lebanon in July 2022 and the exchange rate was 28k pounds for 1 dollar. This country was fu...d by so many factors in such a short time.

[@bettermetal8306]

Please upload more. You make really good informative videos and we need more content like this

[@Fr.VeniceLAI]

Opine, PRChina selling things cheaper and cheaper, these days are no longer acceptable. Why ?? (1). It represents grave peril to any country to be 100% reliance on PRChina produced goods, see what happened when the CCP unleashes its "Wolf-Warrior" Diplomacy by stop exporting critical minerals / essential goods and also cease importing oneself country's agricultural produces etc. That is why "de-risking" and "diversification" of manufacturing and sourcing of supply chain, and find/seek out other new Markets, away and distance from PRChina are all essential counter-actions to ensure the oneself country's safety and survival. Also, (2). Protect oneself country's manufacturing and production bases, to maintain and provide employment to oneself country's Citizens. The higher taxation from increased employment of own Citizens instead of Chinese Workers, and increased consumption from local production add & boost oneself country's economy. (3). Ordering more and continuing reliance of goods from PRChina and boosting PRChina's economy can be dangerous, as making PRChina richer and richer, is also making PRChina more Powerful and increased Avarice to dominate/control oneself country or worse to conquer and invade oneself country.

[@benjaminirvine102]

@hoser At 3:02 you used the wrong SAIC logo. You used the US defense contractor SAIC not the Chinese auto manufacturer.

[@lythd]

just a minor note but u seem to make it seem like its the value itself that shows whether its beneficial to importing or exporting. maybe u know it and didnt rly get it across much but its not the absolute value, its how the “real” value relates to the traded value. ie if theyve overvalued or undervalued it. so its not like the japanese currency has their currency 100x undervalued or something, it just suggests a likely history of undervaluation, and to see if it is undervalued or not requires a separate investigation.

[@ahmedelshafey7602]

Lebanese lira not pound

[@Felled-angel]

I feel like I'm in "interstellar" hoser go's into space to make a video for 1 hour but on earth 30 years have passed.

[@solzv0]

do a video on estonia 🇪🇪

[@Freethinker-vj4ut]

Hoser i love you ❤

[@shana.ball3]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly

[@eddiet.campbell]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

[@Andyholt]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this, are you a pro investor?

[@juluviaarmstrong]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $508k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choi

[@TomasPLopez]

​@@juluviaarmstrongHonestly, How can I be part of this project I earnestly hope to build a strong financial future I'm interested to take part, who's the person behind your success?

[@juluviaarmstrong]

​@@TomasPLopezThe adviser I'm in touch with is MRS AVA KIMBERLY she was interviewed on CNBC Television. You can use something else, for me she strategy works hence my result. She provides entry and exit point for the securities I focus on.

[@gagoomt4076]

How are the Lebanese able to have access to such large amounts of money to open big businesses in Dubai and many parts of West Africa? Are they involved in human trafficking or something 😂 Surprised to hear how bad their economy is yet they do VERY WELL outside of their country with large sums of cash. 🤔

[@artair70]

Drugs...

[@ThisisHaikal]

Clicking as soon as it was uploaded 🔥🔥🔥

[@cookingamateurAlfredNahas]

As a Lebanese person, makes me sad to see the most talked about thing when it comes to us is our economy :,)

[@sergiotlx]

Dam, finally!!! My favorite Canadian is back!!!

[@fridaballon7809]

YEAH!! he was missing 2 months now he is back!!!🐢

[@sergiotlx]

@@fridaballon7809 I was already getting worried. It's so relieving to hear him back :D

[@BroskiMcBrosef]

Thanks for abother banger video, Lord h0ser

[@gtbkts]

Thank you for the awesome content and all the amazing videos!!

[@skrrttn802]

So money get peged now ?

[@haruruben]

Canadian dollar is worth 2cc’s of Maple Syrup 🍁 when the rest of the world was pegged to the price of gold, Canada pegged their currency to the value of Maple syrup in the Canadian Strategic Maple Syrup reserve

[@A-Clear_View]

minipulate money buy when its cheap and sell when its worth more

[@NATUREN3ST]

It appears the official rate for Argentine peso to USD has been pegged to the dollar at 350 since Aug 15. Dólar Blue is 1,050.

[@A-Clear_View]

how deos verying worths for chinese money make stuff cheap i forget

[@shanenicole9552]

It’s good to have you back, friend!

[@0.0LEE-n8i]

So who still has 33 trillion in debt and still sends Zelensky $1.5 billion every month?🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@jasonwiese3794]

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Jasmine Querida. I now make huge profits by weekly through her services while still learning to stand on my own.

[@franklinbright8736]

I think she trades for everyone I meet. I met her twice at a meeting in Connecticut and after her lectures from Mrs. Querida I had to personally ask her to be my financial advisor. she is definitely good

[@dmlexpress9600]

I trade with her every week and make huge profits from her. her consistency is crazy.

[@annddyyy-6920]

I have never seen a trader as open and transparent as Mrs Querida with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.

[@jessibarjenbruch7978]

It's amazing that you got to know her. she has been a blessing to me and my family.

[@hilderferguson6211]

Querida is the Definitely the best so far. she always surprises me with amazing results.. We also plan to surprise her. You must have heard of it.

[@Т1000-м1и]

Sadly a lot of people will miss the video because of the irrelevant title

[@pyropulseIXXI]

People that say fiat doesn't have 'real' value don't understand that ALL VALUE IS SUBJECTIVE. The problem with fiat is that it doesn't have 'real value,' but that it can be easily manipulated by central banks, and they can print way more money, thus increasing the money supply which necessarily causes inflation if real wealth production does not increase as well. Supply and demand also applies to the supply of money. Gold doesn't have a 'real' value; it is subjective; people even value essentials to survival, like food and water, at different values. VALUE IS SUBJECTIVE.

[@goateecusbilly1823]

Value is constant, prices are subjective

[@ravanpee1325]

@@goateecusbilly1823Nope, value can also change over time e.g. gold for semi-conducter or cobalt for batteries

[@InevitableTruth247]

The only closest thing that can bring the valuation to “scientific” grounds would be the labor theory of value (more specifically Average LTV, cant remember the proper term from beard guy), but was abandoned by economists understandably so since market contradictions are more apparent when viewed through that lens

[@komrelaxingmusic5258]

My country is no.2 cheapest country 😢. Everyone is millionaire 😂

[@TheSklls]

Cool

[@KBellate]

4:06 Will need more data here, it could be a bit misleading for comparison. Will have to take a look at how much money supply they increased. USD is a global reserve currency, and it has a lot of demand. 4x its money supply is a lot. Where as for RMB, 15 times given it’s growth might not be a lot. However, based on how state banks have to hold those currency’s they probably printed too much. Just an exaggerated example; if Chinese currency supply has a equivalent of 1 USD, where as USD has 100. China printing 100 times more money is equaled to what USD doubled.

[@sondaaahhhh]

Hoser never fails to bend me and fill ne with his delicious content ❤

[@Fidious]

😂😂😂😂yoooo

[@blackparrot_hd7188]

Please make a video on switzerland like the one you did on finland

[@linnil]

would love to see u make a detailed video on lebanon’s economical history

[@Modhuchosha]

I would love to see a detailed video about pegging

[@tahaymvids1631]

I was just looking at your channel wondering why you haven’t uploaded in months and boom upload lol 😂

[@That_Chemist]

the money supply increase in north america is terrifying, it is one of the main causes of the price inflation everyone is seeing atm

[@bp3366]

Lol lasagna skill issues

[@306316]

Money supply no doubt is the biggest contributer, but quite likely the decoupling from China too. When you stop buying from the world's factory, stuff will start getting harder to find and prices will go up. Until all those manufacturing plants and supply line into Southeast Asia stabilise, lower import volumes are gonna push up prices.

[@RotaryMarx]

Yellow Friend!

[@giraffestreet]

0:11 Bro shows old Indonesian money from 1975

[@hummel6364]

11:11 "The government tried what it could do to stop this" *proceeds to list measures that only worsen recessions*

[@diek_yt]

Modern Argentina in a nutshell

[@wifi_soldier5076]

Please do a video on France

[@corymorimacori1059]

You should do a video on Germany, Poland, France, Sweden, Ireland, Austria, and etc

[@zendayabreeze4547]

swiss banks next !

[@zukritzeln]

The USD is not going to be replaced by the Yuan or any other currency (sorry). In times (before WWI & WWII) trade always had the option of facilitation in gold. That's also how the WW's economies operated. The USD only managed to step in because it was supposed to be backed by gold, and thus 'as good as gold'. Nowadays, central banks around the world have printed so much currency that NONE of them can be backed by gold. Even Russia and China. End of argument...

[@thespanishinquisition4078]

The hilarious issue with people claiming whatever coin they claim will replace the USD, is that there's only 1 currency that has grown as reserve currency compared to the US dollar in the last few decades... And it's the Euro. In fact between dollar and euro, these 2 coins alone completely dwarf any other currency today with over 3/4s of the world's reserves of foreign currency by other countries. And lets be clear. The Euro is itself dwarfed by the dollar. And the EU is in no way trying to compete on that issue, its just not a priority. But point is, every time the dollar takes a hit, what countries jump to as a safe haven every time is the euro, not the yuan, or rupple, or watever nonesense BRICS wanna claim works next. So forget winning vs the dollar. First someone should try to take on its younger brother. Once anyone gets past that barrier we can talk about plausible competition some day.

[@henninghamann9564]

Nobody expected the Spanish Inquisition to drop so many facts. It's so funny to me that ppl with no knowledge of basic finance get conned by this propaganda like bullshit that the strongest currencys in existence will get clapped by some random nation working overtime on their moneyprinters 😂

[@zukritzeln]

@@thespanishinquisition4078 The Euro's only power is based in the number of countries using it for trade, just like th dollar. It isn't technically a single currency, because all EU countries manage their own independent (and wildly) different fiscal policies. The EU is more like the dollar in trade terms, but it is confined within the Eurozone only. A BRICS currency would operate the same way. No. Only traditional gold is the global currency (at the moment), and that is because all countries value it equally.

[@Trgn]

In multipolar world, no need for a singular currency, but 2-5 is even possible

[@thespanishinquisition4078]

@@zukritzeln I agree, my point wasn't that € can compete (I specifically mentioned the EU isn't even trying and its not even close.) But my point is, when it comes to growth relative to the dollar. The € is the only currency that actually surpassed the dollar in terms of new adoptions. And aside from the obvious reason (its relatively new and as the EU soft power grows so does the €), this does cause the effect that countries that fear USA economic pressure, or simply everyone when the dollar is taking a hit for whatever reason, they tend to shift part of their investment into €, not yuan, not rupees, not whatever else. And this is for 2 main reasons. 1-The ECB can generally be trusted not to go coocoo for cocopuffs (which can't be said of BRICS coins that's for sure) and 2-The € is the 2nd most powerful coin by far, so anyone fearing a $ crash (aside from gold hoarders or the like), will inevitably shift to the 2nd most powerful coin out there by default. So when all these BRICS apologists try to claim they're somehow gonna replace the dollar. This bears taking into account: Until a coin bests the €, it simply cannot possibly compete with the $. Because even if BRICS' wettest dreams somehow came true, the Fed had a collective aneurism and intentionally wrecked the $, USA went into a civil war somehow (good luck with that...) and everything just went in their favor... If they haven't beaten the € before that point, then global trade hegemony would just shift from USA to EU. Hell, the EU regulations already have very far reach for some matters, no one's following China's or India's thats for sure. So EU is just the natural successor if somehow USA goes insane. Now I'm not saying this will happen. It won't. Because it needs for the USA to somehow become collectively insane for a prolonged period of time. But yknow. It serves to point out how their strange hopes and dreams of beating the west are at best futile and at worst utterly delusional. Trying to supplant the USA as global hegemon when you haven't even entered the race for second place is utterly bafflig.

[@imnotokay4787]

China is like for Stalin and Capitalism made sweet love to each other. America is like if facism and capitalism were just play flirting with each other, for now. 👀

[@TheEpiCool]

we missed you hoser

[@godviru681]

Do a vid about Morocco please..... Please

[@magahongkong4664]

China is not trying to devalue its currency. They actively buy CNY using USD to keep exchange rates stable. But USD keeps going up so CNY has to go down cuz there's no other way. Oil price went up does not affect China much cuz it imports oil from Communist nations. However, the amount of debt servicing fee and other expenses blew up so China is suffering from dollar shortage now. China recycles USD to the US by buying US government debt and other safe securities. However, they still need short term financing for many things. They export finished products but that doesn't mean they don't import anything. Raw materials, high end products like chips and technology are imported. They also pay for advertisement and variety other things. Expenses had only went up, income went down due to economic uncertainty, and debt servicing went up (especially variable loans), China never needs more USD than right now. Therefore, keeping exchange rate constant is less of a priority than other things like (debt servicing and imports). There is no reason to encourage more export now cuz less people will buy their stuff cuz (gas up in western/consumer countries, geopolitical conflict > taxation, uncertainty generally). The more they encourage production and export, the more they will end up with excess inventory that will further ruin their cashflow.

[@olska9498]

"Oil price went up does not affect China much cuz it imports oil from Communist nations" Where did you get this bullshit from? China's 5 largest oil trading partners in 2021 were Saudi Arabia, Russia, Iraq, Oman and Angola. Those aren't Communist nations LMAO

[@Trgn]

Rare sensible response

[@affordablex4914]

I ain’t reading allat 😭

[@gregoryturk1275]

Since when was Saudi Arabia communist

[@5-Minutegeography]

When will you make an episode on Syria?