Is de-dollarisation a possibility? Can alternatives esp Xi Jinping’s Yuan & a BRICS currency work?

#usdollar #ChineseYuan #brics
Is the US $ headed for an inevitable decline and demise as global reserve currency? Could it be replaced by a virtuous new currency? And could this currency be a BRICS initiative? If the global currency debate has you thinking along these lines, take a breath and press play. In Ep 1208 of Cut The Clutter, Editor-in-Chief Shekhar Gupta explains some hard truths.
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Read A post-dollar world is coming here: www.ft.com/content/989b2e50-e...
Read Dollar Dominance and the Rise of Nontraditional Reserve Currencies here: www.imf.org/en/Blogs/Articles...
Watch ‘Zakaria identifies key part of Putin-Xi meeting you may have missed here: • Zakaria identifies key...
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[@ThePrintIndia]

Exclusive content, special privileges & more - Subscribe to ThePrint for Member benefits: theprint.in/subscribe/

[@everuttejon9886]

" Transfer of political power from Britain to India for 99 years only "- Treaty between Britain and India in 1947 so Indians want to be American slaves(Ghulam) again but Chinese people are independent and they love freedom. They don't want to be American slaves like Indians ....Corona Virus is known as American Virus because Trump Administration created and spread Corona Virus to insult China Worldwide and contain China.Chinese economy will never surpass US economy in future......WHO already gave clean chit to China...." India is still American slave and Ghulam country "- Russian Foreign minister.....India wants to merge small neighbours so all neighbours hate India now.....

[@studytime2570]

Rome wasnt built in a day. Changes will happen gradually.

[@North_Lights]

what a f-in stupid take. I couldn't watch past 3 mins.. Your belief or hypothesis that reserve $ is only bad for those who are odd with US and who US Empire doesn't like is utter moronic, this show how stupid you are and have no clue how currency system works and how financial and economy works. Because of US reserve $, US is able to print $ unlimited in order to save US economy whenever US faces economic downturn like 2008 and 2020. US corporate and ruling class never accepts reality but they just print $ paper out of their problems. You know what means, it means the world has to bear the burden as well, who ever use $, has to bear the burned of US financial decisions. You can buy as much as $ you want and assured that US wont sanction you, it doesn't F-in matter, when US acquired over $32 trillion debt and keep printing, the $ you hold in reserve will depreciate every year, and you have to work more to earn more $ and pay for petrol and all other imports. You stupid, stop talking something you have no clue.

[@sudarshanramaswamy7529]

Shekhar ji, you're OK with a fiat currency which is printed out of thin air, pinned to nothing and can bail out US banks (giving 0% interest loans) just by switching on printing machines being a reserve global currency and Indian currency being pegged to USD??? Answer me on this question - Why can't a person working 9-5 after being a post graduate in India own a house in a quarter acre plot by the age of 35? So, you say doing the same work in a western country is of more value than doing the same work in India??? So, you say everyone who gets the opportunity should migrate by hook or by crook??? Since we are not even putting an effort to make life better for our country ppl... Is nationalism all bogus?? If USD is the reserve currency and INR is hooked to it, India can never be the leader of the world and whatever efforts an Indian puts shall be of less and less value. OK, the bottom line is - "If you have a chance, just migrate"... Period!

[@alquinnpantilagan8293]

​@@sudarshanramaswamy7529 now that's putting a mouthful into Shekharji's analysis. What he simply said was how and who can the USD be supplanted? How many among the 193 countries in the world do you think will risk their economies by denominating their reserves a currency outside of the US Dollar?

[@aayushc9116]

"i would go with doge coin instead ''😂😂 That line stole the show for me

[@deba123ful]

Same man... I burst out laughing.. he is certainly capable of satire.

[@learn-2-earnn]

He has a sense of humour ,as was seen multiple times in his analysis

[@kittyman7015]

To the moon 🌚🌝

[@dbasumallik1322]

@@kittyman7015 😃 Bitcoin or ETH or has better chance

[@golddigger8759]

Once again thank you for your excellent and accurate information, I as a Finnish appreciate so much your channel because I am able to see news from India and most importantly from Indian perspective I'm very comfortable to say that Indian people are very much liked and respected here in small Finland. Your quality of credible journalism is much to be admired and on a side note, you have a great talent pulling out some humour in each episode and the way you do it, reminds me of my very dear Indian friends I've met over my life. In Finland we (and I think I have to count myself in, too) are very talented laughing at jokes as long as we don't find ourselves at the receiving end. It must be something into snow..... Best regards from Finland 👍👍👍

[@ThePrintIndia]

Thank you so much, my friend from Finland. Do keep watching and writing in to us...warm best wishes, Shekhar

[@kamalmehta4715]

there are many indian channel but if you want most biased perspective subscribe like and share this channel.

[@Tomtownsend485]

Well, i do have my reservations about the economic crisis. Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $650K portfolio is down by approximately 20%, any recommendations to scale up my ROI before retirement will be highly appreciated.

[@andrewchandler0]

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@robertosaviano215]

Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.

[@elliot985]

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[@robertosaviano215]

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[@Zanrowe795]

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[@mg.f.9023]

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” Ernest Hemingway

[@PrasannaSankar87]

"People lose their sense of humor" Shekhar ji took it seriously and ends CTC with the last 5-second crescendo leaving us in splits 🤣🤣 Thanks for making us laugh wholeheartedly

[@sankalp6872]

You sort of missed one important point. De-Dollarization won't happen overnight. It will have to be gradual, or else all countries that are currently holding US Dollar as a forex reserve will have to take large write-offs. In any case, there are many leading indicators of a currency's "fall from grace". Political instability and sustained economic decline are among the top two. Neither is the case with Uncle Sam. Perhaps, China will have to wait for AOC to become "MADAM PRESIDENT".

[@badbadbadcat]

Uncle Sam *will* write off their $31 trillion debt one day. The gullible countries left holding the bag will suffer. Wise ones would dump their share of US dollar before that imminent disaster

[@arijitsaha557]

Excellent comment 👍

[@sreenathgopinathan4002]

Yes. Removing USD from reserve currency status is not so simple Pound lost reserve currency status by the end of world war 2 due to the economic collapse as a result of the world war in the year 1945. Pound had become the reserve currency when England defeated the Dutch Empire in the Anglo Dutch war 1784. Hence , confrontation with US navy is inevitable if they have to establish supremacy over USD

[@lukebandolino882]

The Chinese Yuan represents only 3.5% of global foreign exchange market, while the british pound represents 6.5% and the U.S. dollar 44% Source: en.wikipedia.org/wiki/Foreign_exchange_market#Most_traded_currencies_by_value

[@realmilind]

It won't happen beyond certain point. There's a lower limit to it. There will come a time when USD, Canadian dollar, Australian dollar and South korean Won will find a balance as reserve currency of the world.

[@graceocean8323]

According to Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto, "there's more and more of a worry that incoming data is suggesting that the Fed might be a little bit behind the curve than maybe they expected moving into this year." I'm noticing more red than green in my portfolio. How are other participants in this market making over $350,000 in gains in just a few months?

[@trazzpalmer3199]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@tampabayrodeo2474]

@@trazzpalmer3199 You will need a strong FA to help you through the current market turmoil. I've been talking to a coach named Maria Juliana Ramirez for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.

[@hannahdonald9071]

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[@tampabayrodeo2474]

@@hannahdonald9071 It's run by Maria Juliana Ramirez, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.

[@zoeytank2921]

I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

[@oliverqueen8439]

I just wanted to say how much I appreciate this comment section. Everyone is engaging in a constructive debate and relying on facts rather than simply expressing their opinions. This is a far cry from the comment sections of other Indian KZbin channels I've seen so far

[@Growthunlimited]

Countries not keeping mush Chinese Yuan as reserved currency is because China has a trade surplus with many countries and limited Yuan availability in the open market.

[@ayambo3281]

You are still thinking of physical notes. Think digital. The US doesn't print anymore, they just push some buttons.

[@GururajBN]

This CTC is quite a sharp needle to puncture the fantasies about the reserve currencies. Your take on the so-called "BRICS currency" is a master piece. I am glad that Indian leadership is not naive enough to fall for such fantasies.

[@jayarajnair]

Some how we are lucky that our administration is not working on the fantasy world. They knows their job and they are smarter enough to reduce the exposure of Russian machinery in our inventory even before the Ukraine issue precisely around a decade ago.

[@rajx7120]

While you think, not joining RCEP was a missed opportunity, Prof Ila Pattnaik had explained that, India's poor competitiveness, would have meant, that we would not have been able to take advantage of it. Rather China would have got incentive to make even bigger factories, and gain from even better economies of scale. While Indian manufacturimg would have been decimated even more. We need labour reforms and farm reforms, before we enter RCEP.

[@anuragbanerjee2879]

poor competitiveness ... is a because the internal market and human capital is rubbish, ... we need to open up more

[@rajx7120]

​@@anuragbanerjee2879 poor competitiveness is because logistics has been poor, and labour laws have been restrictive. Logistics is getting a boost, with road building and Gati Shakti. But labour laws say that, you can't fire people, if size of factory > 100. As a result, when you can't fire people, they don't setup big factories. Plus, too many compliances. All these shitty laws will be simplified to 4 labour codes. BJP statew have created their drafts for the labour laws. But non-BJP states have not started it.

[@anuragbanerjee2879]

@@rajx7120 all down to human capital! We have humans but no captial from them .. lack of skills + work ethic + management

[@rajx7120]

@@anuragbanerjee2879 Human capital kya ghar pe baithke chane khaayega kya? The potential has to be realised ease of doing business, to create jobs. Kerala has lot of educated people, but unemployment is terribly high.

[@anuragbanerjee2879]

@@rajx7120 true it needs to be done simultanously

[@steventan2550]

De-dollarisation does not mean the dollar will be totally worthless. It means countries will use their own currency to trade instead of using the dollar. If India were to trade with Russia, they will use either the rubles or rupees or a currency that they mutually agree upon instead of using the dollar.

[@abhishekjoshi4648]

Shekhar ji on fire today. Breaking the shackles of fantasies.😂😂😂😂

[@thecomment9489]

His own video is based on fantasy and wishful thinking.

[@anirudhbharadwajm5030]

😂

[@craumm]

Reserves won't be changing away from $. Its the trade that may get less $ dependent, to avoid SWIFT and sanctions.

[@nijilanand]

may be some crypto currency backed by $, euro and pound or WB/IMF

[@badbadbadcat]

Even now reserves are not entirely in USD. Countries will diversify the reserves. Nobody wants to get sanctioned one fine day and cry about the entire reserves staying frozen in the USA just because they didn't diversify

[@aditya-ml6km]

@@nijilanand do you understand what you are saying?

[@ds-kj8fq]

Maybe you are wrong

[@craumm]

@@ds-kj8fq why? Every Indian family has Reserves in Gold But all the Transactions are in INR. I believe that’s the direction USD is heading towards.

[@anirudhsrivathsan4621]

Shekhar ji is one of the very few 'mainstream' Indian intellectuals who highlight the positives of the Unit States and its systems, while criticizing them as well at other times. I wish there were more like him.

[@ssniyer7]

Really. Don’t you think he and his researchers sound like a pack of jokers. Remember, the US is less that 5% of world population and is at least 3,000 km away from the Euro-Asia-Africa landmass. Also the $ is a Fiat currency since 1971 and is being weaponised again and again.

[@badbadbadcat]

When did he criticize the USA? Maybe in unavoidable situations. I haven't seen anything at all

[@arjavgarg5801]

​@@badbadbadcat in this video itself he called out the US for weaponizing the dollar

[@yomamasohot6411]

​@ARJAV GARG I bet he is a blind bhakt supporting Russia

[@arjavgarg5801]

@@yomamasohot6411 I'm also a blind bhakt 😂

[@naddirpatel]

Any exposure to the Chinese yuan is like being exposed to the credibility and corrosive tactics of a criminal gang leader

[@laosasean8482]

You can't sell nothing to Indian but you can sell many thing to Chinese as Laotian i rather do the business with Chinese but not Indian.

[@laosasean8482]

Indian foods is not famous as Chinese foods.

[@banditonehundred]

@@laosasean8482 best food is Indian Chinese, HAKA style

[@shubh1754]

​@@laosasean8482 Chinese bot spotted opinion rejected. CCP Dog.

[@alquinnpantilagan8293]

​@@laosasean8482 well said from a bankrupt country licking the back end of China😅

[@arkrishnan]

Sekharji, There is no substitute to experience, Long tenure , wisdom, savvy and intelligence, which you possess in loads. I was getting rather tired of the cacophony of dedollarization. Your presentation is a breath of fresh air and brings reason instead of emotion.

[@70newlife]

Usual ego massaging by indians.

[@goodsong_views]

Absolutely Loved this episode. Lagta h shekhar chacha ek peg maarke aaye hain aaj! Loved the energy and the analysis

[@manisherande4568]

Well .. sab delhi ya punjabi puttar nahi.. it seems you are one alcoholic idiot

[@AnkitSingh-hf9qe]

Not atleast in daytime 😂

[@kunti_putra]

🍷🍷

[@prithwirajjadhav1611]

Teacher's. He appreciates the finer things in life.

[@samirsang]

Gupta ji, Been watching CTC & NI religiously. It’s my window into the India and world while sitting in Canada. Thank you. Today’s CTC was quite insightful, interesting and entertaining. I haven’t seen you so animated in any of the episodes so far.

[@ThePrintIndia]

Thank you, Samir ji. It is the faith and support of people like you that keeps us going. Do keep watching and writing in...best wishes, Shekhar

[@pratiush1000]

SG clearly downplayed the inflationary effects of the dollar on the world. This exported inflation of the US has led to catastrophic effects on the domestic currencies in particular, and the economic system as a whole. There is a reason why Reserve Banks around the world including in Europe, and Turkey (and, India) have increased GOLD Reserves. The reason is US Dollar cannot be trusted anymore. And, gold provides a hedge against the inflationary effects of the US Dollar! It is useful to understand why people are talking about De-Dollarisation, and the US is guilty of many economic failures in many countries. While, alternatives of Yuan, and the Gold standard, are bad in comparison to US Dollar. It is important to acknowledge the reasons for the declining trust in USD.

[@poo-tinthedwarfbunkerb1tch535]

Lol, this is a very oversimplied, biased view of inflation lacking any nuance. Basically screaming amerikka bad without bothering to look at how horrible economic policies of certain countries have caused economic failures in said countries..but hey, its much easier to blame america for everything amirite?

[@thecomment9489]

Your assessment is correct but SG's one point agenda is to serve his US master's interrsts and only he can tell why. Are Americans paying him to spread misinformation?

[@deezeed2817]

Yeah like i don't understand how people can think that there's anything exceptional about the dollar. It's convenient to use and easily convertible but you have a U.S government now whose deficits are out of control and the Republicans i have a feeling will steer the U.S close to technical default. How can anyone have confidence in the U.S dollar with that sort of political chaos?

[@poo-tinthedwarfbunkerb1tch535]

@@deezeed2817 the US are transparent and honest about their economic figures, and thats precisely what makes them so reliable snd trustworthy unlike countries like china and russia who wilfilly hide, lie and manipulate figures on their reports to make their economies look much better than they actually are....

[@badbadbadcat]

​@@deezeed2817 only uninformed clowns will have "trust" in USD and they'll be the ones holding the bag of dollars when the USA defaults. I'm hoping India will reduce the forex in USD terms. Euro and gold looks more promising than USD

[@shomap8747]

This was brilliant Mr Gupta, kudos to your editors, researchers and producers

[@badbadbadcat]

Is it though? He started the video saying he has no clue about the topic and he proved it

[@alquinnpantilagan8293]

​​@@badbadbadcat well, you have to point out what he said wrong though.

[@badbadbadcat]

​@@alquinnpantilagan8293 I've said it in multiple comments. One simple example, the main demand of USD is because of the oil trade forced to do in USD. Saudi changed their decades old decision to trade only in USD and started oil trade in Yuan and the UAE is accepting Indian rupees for oil trade. He didn't even consider it. The graphs he holds are from the USA controlled IMF and the USD is losing share even by that graph. Sanctions on Russia is a recent turning point and future graphs are not going to get any better

[@badbadbadcat]

There are some *_yes sir_* SG fanboys here. SG's breath is good enough for their orgasm lol

[@kanyewest73655]

Great explanation sir..❤❤

[@nikhtose]

Thanks for your sober, informed analysis. The dollar bears are howling, but I never see a credible argument for an alternative currency that can inspire confidence in the investor class. Until one emerges, de-dollarization is a fantasy.

[@SenthilKumar-no4tt]

kzbin.info/www/bejne/in-XaHWCe9GFgdk

[@eric7758]

Thank you sir, I live in USA, i find your content and topics very educative.

[@badbadbadcat]

Try not to get shot

[@studytime2570]

Down with the Dollar.

[@studytime2570]

The imperial hegemon.

[@eric7758]

@@studytime2570 keep on dreaming. Btw robots and Ai are becoming real. We shall see who will laugh last 😀

[@conflictvideo3014]

@@studytime2570 take a chill pill. Terri mak ki chut.

[@deccanheart]

This episode is an island of Sanity in the Ocean of Nationalistic, Loud, Noisy Nonsensical Media Blabber. I’ve been trying to explain this to my Indian brothers, but you did so smoothly and sensibly. Thank You!!! The road to India’s future goes along Washington, Brussels, Tokyo and the like - And not through Beijing, Moscow, Rio and Riyadh.

[@kunti_putra]

Finally someone said it. For some reason, people have become so hyper-nationalists and hyper patriotic that their clamor and noise is drowning their own intelligence. Russia might be a good friend, but Russia has absolutely nothing to offer on table to India other than some defense equipment (that too can no longer be considered most advanced). India's ambitions can only be achieved by aligning with US, EU, Japan, S Korea and other like minded free developed countries. Who in their right mind would think that the entire group of China, Pakistan, Russia, North Korea, Iran etc can do any good to Indians?

[@rahulsharma8940]

It isn't hyper nationalistic or hyper patriotic. It's common sense. Dollar is going down. Saudi has started trading energy in other currencies. India has started rupee trade with 30+ countries. Xi's china has published paper about decoupling with USA and how a 100$ bill takes only 17 cents to print but takes 100$ worth real commodities from China. It isn't about $ vs yuan. It's about fiat currency vs pegged currency. Just few days back a bill was tabled in US parliament about repegging the $ with gold. The whole US banking system has collapsed. Nobody is opting yuan for $. Creating a strawman and defeating it suits an idealogoue like SG well.

[@alquinnpantilagan8293]

​​​@@rahulsharma8940 i dare you put your savings in Chinese yuan, Saudi riyal, South African rand or even in Indian rupees for that matter 😅 subtly putting gold into the mix is disinenguous because even gold is denominated in US dollar 😂 consider this, is the future economic prospects of the US worse than those of BRICS?

[@instalullahmyselfkatua9363]

India won't go along with washington, tokyo,brussels it will go under their boots of these tyrants.

[@glennex0077]

India's future is in its own hands. Neither USA led bloc or China led bloc will help India in its growth. Remember if India becomes too strong economically than USA will do the same it did with Japan n tried to do with China. USA is a Snake n Russia can only offer so much. So, a balance must be maintained.

[@Prayukth]

SG should tell us about a time he did a similar CTC episode on Harappan currency Harappay in 2100 BCE. Apparently, the world had already opted for Harappay at that time. This sure brings back some old memories for SG.. he had bought a Peepul Leaf Goblet and engraved the name of his then girlfriend Papaya Rani on the Goblet and gifted it to her. The relationship however didn't last long and Papaya soon married a Mesopotamian prince and SG started drinking soma extracts while reporting from an unknown Hitite kingdom to drown his sorrow

[@nirbhaysingh9261]

😂😂😂😂😂

[@pratyushojha]

This would be an excellent April fools topic.

[@duckpotat9818]

Previously unknown Guptaji lore

[@WhatsInAName222]

I’ll have whatever you are smoking…

[@bsrao1239]

Very good analysis, but what if Turkey, Saudi, Mexico and Iran joins BRICS. Doesn't that change some perspective? $ might not lose its all value in a fort-night, but if its share further erodes even by 10=15%, it will be a challenge to US hegemony. I think it would be good for the world in terms of balancing of power.

[@SenthilKumar-no4tt]

kzbin.info/www/bejne/in-XaHWCe9GFgdk

[@BasilAbdef]

Iran? Sure. Saudi Arabia and Turkey? Maaaaaaybe but very unlikely. Mexico joining BRICS...? No way.

[@jigsaw2281]

UAE,Saudi,Iran applied for brics

[@70newlife]

Nothing will affect the dollar because he is part of the US sponsored elite in India.

[@mokomdane4297]

This is the best episode of the print so far. Thank you for giving us a great time 🙏.

[@resket32]

Must have just started getting access to Internet in your land.

[@thereflection]

Great analysis as always Shekhar Sir.

[@paulmurray8922]

I looked at some of those reserves and currency trading charts, plotting share of various currencies over time. What's noticeable is the Euro line just about mirrors the Dollar line, meaning it's the Euro which has benefited most from the decline in the Dollar's share. As for BRICS, that was an idea that has become a fantasy.

[@anirudhbharadwajm5030]

Shekar Sir, This style of news with humor goes well with you...Would like more of it...Was not expecting a doge coin drop in middle of CTC 😂

[@hassobhatia990]

Wonderful analysis, Shekharji, for bringing the real truth of dollar value to the world reserves and monetary stability.

[@SenthilKumar-no4tt]

kzbin.info/www/bejne/in-XaHWCe9GFgdk

[@upasanasahoo3305]

I laughed and smiled throughout. that was so well put together and logicized. The team has gotten better at Graphics. :D. but yeah, even when I first saw the headlines about a supposed New Age Currency coming in, especially the noise around BRICS doing the magic, I wasn't holding my breath. I figured a CTC episode would happen considering how imaginative and superfluous the suggestion seemed. What I don't understand is why no one at any mainstream media outlet is putting a cap on it and deciding against flaring this up. Anyway, that was insightful as always Shekhar Ji.

[@poo-tinthedwarfbunkerb1tch535]

Because the mainstream media, atleast in india is, for the most part owned by single party that wants to hear exactly what it wants to hear and the ones that are still free don't want to piss off the supreme leader and his minions and risk sudden cbi/ed raids on trumped up charges of foreign funding..

[@upasanasahoo3305]

@@poo-tinthedwarfbunkerb1tch535 Now that you put it that way....ohhhh

[@ThePrintIndia]

Thank you Upsana ji, and I will be sure to pass on your compliments to the Graphics team. Do keep watching and writing in...warm best wishes, Shekhar

[@adarshadarshsaxena]

last joke was the best "go with dodge coin" 🤣

[@bhupinderbedi3652]

Shekhar ji - simply brilliant ! You made a very tough topic look very simple.

[@alpeshmittal3779]

Was waiting for your video on this. Thank you

[@vivek84]

Awesome analysis… thank you!!

[@diguification]

This was one of the best I've had the opportunity to listen to. Simply Awesome. Keep up the good work, sir.

[@nadirnizamani8252]

Brilliant research work and to the point analyses.

[@surendrabarsode8959]

1. De Dollarization has been a slow but sure process starting from launch of Euro. But Euro could not displace USD by much. Rise of China as the 2nd biggest economy was expected to launch Yuan as alternative USD but again it did not achieve much so far. 2. Thanks to primacy of USD and power with USA to have unilateral sanctions and block SWIFT system, particularly after Ukraine war along with many countries facing shortage of USD, there is a move to make payments in bilateral currencies like rupee rouble or Sri Lanka rupee with Indian rupee or UAE dirham with Indian rupee. This is viable where trade is more or less balanced or any excess or shortage can be settled in USD or Euro or gold etc. or can be invested in the country profitably. This is now expected to work well while prices for the goods will be referenced in USD itself, directly or indirectly! 3. So USD is nowhere going but ability of USD to blackmail a country will be reduced drastically. If this is called De-dollarization, then it is fine! 4. BRICS currency may come and should be tried. The world hardly used SDRs which was expected to replace USD since long. So was the case with Asian Monetary Units of 1970!! But BRICs currency may perhaps work now. 5. BTW, we should note that as Shekhar talks of de dollarization, he is talking of GDPs of BRICS countries in USD terms only!! But he is right about dogecoin- you are in USD and yet not threatened by USA geo-politics and geo strategies!!

[@badbadbadcat]

There's a rise and fall for everything. USD runs at gun point. Saddam and Gaddafi paid the price of transition with blood. The change is inevitable. Sanctioning Russia was a shocker and the world desperately needs alternatives. Talking in USD terms is nothing but the status quo. Look what happened to British Pound, where it's now and how it got replaced by USD

[@vinaynagabhushana]

It is not so much about the primacy, but rather, it is lack of transparency of the Chinese system which is preventing it to be the alternative to USD. The IMF chart clearly shows that there is a 13% decline of USD holdings in the last 20 years, it is expected to go down rapdily if and when Saudi begins to trade oil in other currencies.

[@barondodzi]

Imagine the world without USA and dollar,, Impossible so we can't ditch de USA or the Dollar but rather we manage them

[@poo-tinthedwarfbunkerb1tch535]

@@vinaynagabhushana Except for one small problem in that most of the world is now transitioning towards green energy and russias invasion of ukraine has only accelerated this shift since petrostates like russia and saudi arabia have time and time again shown that theyre are willing to weaponize energy and hold entire nations hostage according to their whims and fancies and hence cannot be trusted upon.

[@badbadbadcat]

​@@barondodzi imagine a world without the British empire and Pound as a reserve currency. Yeah it was unimaginable in 1900 but they're almost non existent now

[@desinihilist5916]

Really nice episode Shekhar, however, I missed something. Unlike the USD, there is also a lot of talk that the BRICS currency will be based on commodities like Gold. I would also have loved to hear your opinion there because that changes things quite a bit, don't you agree?

[@SenthilKumar-no4tt]

yea, he missed that bit completely!

[@dr.samuelalexander2655]

Excellent explanation and discourse on this new emerging USD topic. You have explained it well with facts. Thank you.

[@deepakidicula9014]

Beautifully done. I really appreciate Shekhar sir's sarcasm here in mocking the general conversation. People in India are crazy for thumping chests about de-dollarization. They should understand any FDI that's going to be poured into the Indian economy is primarily going to be in USD. THERE IS NO SERIOUS ALTERNATIVE. People should really understand that the strategic relationship with Russia is not a reason to fantasize about BRICS(no matter how many letters are added). India has placed itself beautifully over the past 30 odd years as a salient presence in the Asian continent with ties to the west, north, east and south. Any move like this would terribly shake the strategic advantage for India. P.S. for fans of Russia, Russia has only strategic interests in a relationship with India. They have ideological interests in linking with China. And China is and always will be a geopolitical competitor for India. So it's best to not rock the boat.

[@dronasystems]

If USD declines, Indian economy will go kaput. At least with our dependency on software export Dollars. Our local economy has not yet started churning, we need usd to be high till then

[@dannycbe949]

The Indian economy is NOT export driven...yes a software dip is significant..BUT not fatal. We have a HUGE internal consumption..that is highly price sensitive. Case point..the iconic Harley Davidson bike vs super high mileage smaller Indian bikes...almost the same attitude is present in all consumer products. Can the west sell here ..? Yes but in tiny numbers. Value for money is the name of our game.

[@thecomment9489]

But don't you think this one sided overdependence on US market is not so healthy for I dian IT industry?

[@JohnSmith-vn8dm]

@@thecomment9489 Is there an overdependence on the US market? Remember the US economy is the largest in the world. It only makes sense that India would export the most to the US vs other countries. If anything I would suspect India is much less integrated into US trade than China right now. China spent 2-3 decades strategically cultivating close ties with the US. India has only about a decade, maybe 1.5 decades of this under its belt.

[@thecomment9489]

@@JohnSmith-vn8dm incorrect assessment. i specifically mentioned indian IT industry not overall economy. and China cultivated it's economic relationship with the US when it made sense means USA was the biggest industrial power. not anymore.

[@70newlife]

​@@dannycbe949it's is now nearly 400 billion in export revenue and half of it is in IT.

[@xtinxn]

Using a currency is based on trust. There is nobody in BRICS who publishes as transparent data as the US does about its economy and currency. Further, and more importantly, there are no two countries in BRICS who trust EACH OTHER! India and China have fought wars among them; nobody trusts Russia at this point. BRICS is a support group with a purpose of its own. We will see "buyer's blocks" & "developing nation blocks" emerge to demand better deals from developed economies. However, it will take several generations of transparent & trustworthy growth before US dominance takes a backseat.

[@ThePrintIndia]

This is a very sound view. Some bit of disruption is good for the global monetary system. This also puts restraints on American excess. Thank you for writing in and for your support...best wishes, Shekhar

[@Zebra663]

Very nice and thorough. Thanks

[@medooo8212]

Thank you Sir for the insightful information!

[@sm7786]

Super! One of the best CTCs - in content and Shekhar’s animated delivery. Loved it 👍

[@ThePrintIndia]

Thank you, my friend. Do keep watching and writing in...best wishes, Shekhar

[@pratiush1000]

SG Please also tell the world what GOLD RESERVES data has to say, and why Reserve Banks around the world are increasing their gold reserves. Why not just increase US Dollar reserves instead. The reason is the growing distrust on US Dollar, and the world has realized the inflationary effects of trading in US Dollars. It is largely because of FED's response to inflation being PRINTING MORE Money! Something it is likely to happen even now!

[@JohnSmith-vn8dm]

The FED has not been printing money these past few years. For the first time in decades M2 is actually DOWN. And interests rates are up, which has strengthened the dollar due to covered interest rate parity (laymen tend to think a "strong" currency is better but this is not necessarily the case, there are both advantages and disadvantages). Most banks around the world have not meaningfully increased gold reserves. Mainly China has, because they want to try to insulate their economy for when they invade Taiwan. If they succeed, you can imagine which countries in their neighborhood will be their next targets.

[@pratiush1000]

@@JohnSmith-vn8dm FED's interest rate rise is less than 2 years old. Their response to the 2008 crisis and the one induced by the lowered supply side during COVID was just 'print more money'. US has been using the Dollar as a tool to subside its ever rising and never ending debt, and misusing it's dominance to export the inflation. The gold reserves have been increased by China, India, Turkey, and even European banks. The data is in the same IMF report that SG is explaining.

[@shivamaruthireddy4721]

The fact that such an expert analysis is put into such simple words!

[@abhishekfb]

For a guy who says he knows little of economics, he has pretty strong opinions. I just love how these leftists ease into discussions

[@kmgeorge100]

I just couldn't stop laughing at all the jokes he's made out of BRICS, RUSSIA, CHINA,, but I loved his sincere patriotism that he usual portrays, SG your great genius and a maverick of analysis.

[@HughJass-jv2lt]

Thank you

[@70newlife]

Patriotism should not cloud ones thinking capacity. You can have patriotism influence your actions which is right. But to delude yourself doesn't make sense.

[@sandeepsingh-lp4mf]

Another good one. Thanks

[@sepam82]

It's clear that countries with good governance are careful to find their way around for their own interests. Situations are very fluid and India right now do have their experts. Asia know these

[@benedictarnold8506]

This was brilliantly put together. I've been following your videos for over a year now and with professional help, I'm making progress with my investments decisions.

[@abdullatifm8478]

Mr Gupta so much wisdom delivered in style, Amazing !

[@hrushidatar]

SG: Thanks for another great episode! A suggestion for analysing data - averages can be deceptive! It would be interesting to see the number of countries which saw a decline in share of USD as a part of their total Forex reserves. It will indicate if the decline in share of USD as reserve currency is a trend across countries or driven by a handful of countries doing more business with China.

[@ThePrintIndia]

That trend has been correct since 1999, and has accelerated from 2018. Countries are diversifying but not going to the Chinese Yuan. They are going to other stable currencies mostly in Western democracies or even the south Korean Won. There is also a significant movement towards Gold, which might just be the subject of our CTC one of these days. Thank you for writing in and for your support...best wishes, Shekhar

[@kunti_putra]

Replacing Dollars with Yuan is like replacing one poison with another

[@deezeed2817]

All fiat currencies are not reliable in the long run.

[@globalnationalismyoutube]

@@deezeed2817 Are you a fan of Ron Paul

[@heirapparent3433]

It's like replacing rat poison with cyanide.

[@mxl4345]

China can sell you infrastructure, industrial, and consumer products. US can sell you weapons, Ngos, and color revolution. Choose your poisons.

[@salbkbatlitec6584]

I love your show but I have to say am quite disappointed.. in all your rumblings u never mentioned India is making moves to trade with other countries in Rupees example agreement with Malaysia, Bangladesh, Tanzania and many more. Countries hold reserve currencies to conduct international trade.. especially oil. If the need for trading with dollars is reduced.. no need to keep more in reserve. Petrol dollar made dollar a global currency the can happen to a yuan or Rupee. You are so disingenuous. These charts only tell one side of the story.

[@sankha-ch]

Excellent objective commentary. Thank you so much! P.S. the dogecoin joke may be the funniest joke of the month on youtube.. impeccable delivery.. still laughing

[@yadusdas]

When I want to learn or understand something I usually have to watch 3 videos. explanation from team a, team b then a zoomed out view on the issue. With theprint it is some what easy. Would love to know if print have one time donation option.

[@divkaran9102]

US has been actively exporting inflation to other countries since 2008 via quantitative easing and USD being defacto global currency. Countries are looking at means to control this

[@JohnSmith-vn8dm]

The US exports inflation when the dollar strengthens as part of passthrough inflation, but when the US prints money to weaken the dollar it decreases inflation in other countries. There's also the fact that the large demand for dollars also makes US exports less competitive, which is especially good for developing countries that see exports as a path to growth. On the flipside it makes importing to the US cheaper. The dollar being the reserve currency is a double edged sword. People who are pro-US or anti-US just sell you one edge of it. The reality is nobody likes the status quo, but they don't dislike it either, (except for China and Russia).

[@IndranilFromIndia]

Fantastic episode SG - I enjoyed this one after a long time. De-dollarization is indeed the talk of town here in USA. But the dollar universe is too vast a gravitational force to escape. THere are technodollars, eurodollars, export/import dollars - so many dollars. However, if most countries start ditching dollars US will be in trouble -- and that transition will take a long time. I dont buy your arguments about BRICS currency about China's hold. They can still issue a currency based on gold/silver - and can be an experiment. If China wants a stable BRICS they will need India - and it might be to India's advantage. For the moment at least.

[@yomamasohot6411]

Once you look up our history, what gave you the idea that China is interested in being friendly with India? They started the only war we fought. They started the border skirmishes. They are aligning India's neighbors, enemies, and some friends with them to remind us that they can crush us at any time they want. How can you look at that and still think, "There's hope!"?

[@Piyushranjan290]

What an analysis! Making this show a daily habit now.

[@classone1576]

Sir it's not possible in oneday de-dollarisation process , The process just started, and it will take 10 years or more. But one more thing if BRICS and BRICS Plus nations started to reduce USD then Dollar value in FOREX market will decline and that will create a Panic in the market, those people thinking USD is a safe heaven and when they will see their money in the Bank getting reduce value, people will start to buy Comodities or some other currencies, This is the way of Dollar will crush.

[@HughJass-jv2lt]

"crash"

[@jeremylynnchagaspereira3926]

Congratulations! Your videos are extremely informative and educational. Unfortunately, for investigative journalism and asking the tough questions, one must look elsewhere. It would have been wonderful to get that here too - given your intellect, experience and IE pedigree.

[@ThePrintIndia]

Thank you very much, but I have to leave something for my younger colleagues. And if you track some of our reporters, you will find the answers to some of your questions. Do keep watching and writing in...best wishes, Shekhar

[@acdas1]

Thank you Mr.Gupta. It's a very good analysis.

[@gopalsharma7764]

My eyes are fixed on your kurta more than what you say

[@ShivamAroraa]

WTF is this vulgarity on this news opinion show 18:39 😂😂😂😂

[@AjayTiwari-en9nz]

Hehe, I also noticed that.

[@Amritwalia12]

Amazing breakdown. Thank you!

[@ajitpalsinghpatel]

Very good analysis sir

[@Little-bird-told-me]

India will have to make up it's mind quickly now. It cannot play the non aligned card much longer. It's too crucial in the game. India will have to take a bet, and my bet is still the USA.

[@globalnationalismyoutube]

India has to grow itself and become strong enough to defend itself. No alliance can be completely relied upon.

[@badbadbadcat]

Many feel to choose the USA mainly because of the familiarity with English language, Hollywood movies, Western culture etc. But the USA is a declining power. $31 trillion debt itself is a time bomb. It's not going to get any better in the coming decades. Moreover, the USA's interest will be in the destruction of two Asian giants, India and China. Chinese and Indians are suspicious of each other but we wouldn't desire for a failed state as neighbours. Even Pakistan remaining "normal" is India's and the region's interest. The USA would just conduct India - China war and would leave Asia to rot, just like they did in Middle East

[@rajac8004]

@@badbadbadcat lol

[@Little-bird-told-me]

@@badbadbadcat Strategic alliances are based on self interest. Only a naive would assume that Hollywood is the reasons for choosing Strategic alliance. USA is by far the largest military power in the world spending close to $1 trillion dollars on defense, 4 times that of China's 250 billion. This gives it access to advanced weaponry system, as demonstrated in Ukraine war Javelin anti-tank missile were able to stop the advanced Russian tanks. Further more USA controls most of the modern institution like World Bank, IMF and the Banking system of the world. US Debt is merely large because US economy is large, and as long as US dollar is the reserve currency it would have no trouble servicing the debt. China on the other hand is an unreliable partner and has never demonstrated a strategic outlook. China should have settled the border dispute with India if it wanted to become a super power but it has instead resorted to street fighting behavior killing Indian soldiers and renaming towns in Arunachal Pradesh.China has taken over several ports in Srilanka and Pakistan when these nations were not able to service the debt, clearly remonstrating a gangster mindset. It is much easier to deal with western nations than dealing with China. India should use this opportunity to get the best deal from USA and western nations which which also where our democratic value align.

[@anc4611]

Read the book The Changing World Order by Ray Dalio

[@indian9632]

Smart investor who failed to forsee the USA vs chaina cold war 😅

[@mikejos5759]

Your comfort zone is in telling stories which no-one can verify

[@ramgopalkoda7044]

Brilliant !!

[@cgkmurthi]

SG has become part of 3rd level American PR machinary (first level - official, second level - allies and third level - media & NGO). SG conveniently ignored Gold in his sermon. There's a mad rush to buy Gold and other such commodities across the world by the Governments and other institutional players. Second thing he ignored is the other Commodities. Third thing is the CBDC (Central Bank Digital Currency). All these collectively reduce US Dollars' domination position. This will further add stress to US Dollar.

[@venkatagiribn2217]

Hi WEF member. Doing a good job for it. Klaus should give you an award.

[@HiteshBhagatGameTech]

aahahaa, last one pretty well sums it up 😂😂 well done SG, guys even if you dont watch whole video, watch last 30-40 seconds of this episode 🤣🤣brilliant

[@mzdrabu]

this is so boring

[@poo-tinthedwarfbunkerb1tch535]

*"Poor palki and all her cringey, simp fanbois must be crying themselves to sleep hearing an actual expert like shekhar gupta ruthlessly tear this de-dollarisation conspiracy theory into shreds"*...😂😂

[@badbadbadcat]

We have NATO fanboy here whose life is dedicated to copy paste Pro Ukraine junk everywhere 🤌🏻🤡

[@dronasystems]

Palki is a good presenter. She can present some good edited content, but otherwise hollow. Shekar is in a different game altogether

[@Harsh-rf9k]

She didn't say de-dollarisation happens overnight. It is a slow process. If saudi Arabia joins the group and starts accepting the payments in yuan it will be challenging for the dollar for sure.

[@poo-tinthedwarfbunkerb1tch535]

@@Harsh-rf9k Haha, and what exactly does saudi bring to the table outside of oil? meanwhile good luck trusting a currency of an islamist theocracy in a politically instable region with constant wars..

[@olderchin1558]

You are looking at this incorrectly. You need to look at this in terms of trade and balance of trade. The reason for USD strength is in trade, not reserve. The reserve is a store of wealth and trade contingency. If countries stop using USD in trade, the value of the USD will collapse. The USD will not disappear but just devalues. The proportion of the reserve today is indicator of the popularity of the currency for trade but also a relative value of the currency, which is measured relative to the USD. Consider what will happen if demand of the USD fades, the USD will decrease in value relative to other currencies. You may have the same amount in USD in your reserve but it's relative worth as a proportion will decrease.

[@sudiptaraxit3778]

Good episode.

[@balas2585]

Excellent analysis, Shekarji

[@tonyraheja1]

Well said SG

[@AK-kn9ob]

Good episode......after a long time.....

[@vjy23ster]

Trusting Shekhar sir always to give the right perspective 😊.

[@level1selamat155]

How you know it's right!! It was merely his perspective.. don't be gullible!

[@unseen1015]

Great video bud

[@rigzenwangchuk1941]

Thank you sir, very informative n fact...

[@beluga9596]

Fascinating

[@pramodkulkarni3747]

Excellent Shekharji . Namaste . 👏

[@ThePrintIndia]

Thank you, Pramod ji. Thank you also for your support and encouragement to ThePrint, it keeps us going...stay well and best wishes, Shekhar

[@sabybasu]

Thank you Sekharji for your insightful thoughts. The Euro was made for specifically for a specific market i.e. the Euro zone. There the rich countries like Germany and France still bears the brunt of supporting the Euro, which is very closely linked to the USD. Unlike the Euro, The BRICS countries will be dominated by China, whose sole purpose would be to dominate the trade in their favor at the expense of weaker economies like Russia and Brazil. If India joins the BRICS currency, then China will get a HUGE advantage and will weaken the Indian Rupee. So, beware of Chinese intentions. IMHO, India should never be at the same side as China. I fully understand India’s compulsions to buy cheap oil from Russia during the Ukraine war. This has caused a lot of angst in the Western world. Now, if Russia influences India to be on the same side as China, especially in currencies, then Indian economy will be further weakened by the Chinese. Already India has a negative balance of trade with China.

[@kishanvinayakia]

Love the animation of SG today

[@aasheeshkasamali6764]

At least someone in India is talking sense.

[@jaganms62]

Thanks SG. Good analysis based on data. Forget about social media, why can't at least main stream media can talk based on data?

[@RakeshMohapatra84]

Presented so well. Loved the sarcasm at the end 😂

[@baskaransethumadhavan1180]

Please discuss with experts on India maintaining a portion ( say USD 50 bio) of it’s F.Ex Reserves in Key commodities viz.Crude+Edible Oil +Coke + pulses ( India’s major imports) etc in stead of financing USD Treasuries ( leveraging the volatility in their prices)

[@lakshmikanthbhat1060]

Great content ❤

[@AmitKhanna7373]

Your analysis is spot on !!! 100% accurate …

[@pravinpatel3472]

You can stick to the de dollarisetion. It will take time to centralise the thoughts. There is always possibility. Nothing is impossible.