The Growing Revolt Against the US Dollar

If anybody wants to discard their stacks of worthless US Dollars, I am setting up a Dollar recycling service, and would be glad to collect them up. I just thought I'd put that out there. lol

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

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65. how can a young man with 200K survive?

You get roped in for 10 minutes before you find out Sam has bamboozled you into watching another video about bricks.

To whoever made the Reserve Currency Graphs, a tip that I would expect to be lesson 1: don't put indistinguishable colours next to each other, it is very difficult to differentiate between Japanese Yen and Other on the graphs.

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.

Fun fact, the Byzantine currency was the longest stable currency in history. From 330 ac to its first devaluation at 11th century was almost for 700 years the US dollar of its era.

I interpret for a Vietnamese company a few weeks ago. They deal with wheels balancers and tire-rimming machine imported from China. Vietnam and China have a massive ammount of trade going on, shares a land border and have similar culture so it would be easy to quote the prices in yuan or VND right? Wrong. Everything is in US dollars and from talking with the Vietnamese company, dealing with Yuan is super difficult and rare, like 1% of deals they have. If the partners say it must be yuan the Vietnamese company have to use under the table means to settle the transaction. Same thing with the PC components industry. You barely see yuan uses here in Vietnam.

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

Great video, just wanted to add that some of the jurisdictional links that the US employs to exert its authority upon foreign transactions are highly contested under international law and rejected by the vast majority of the international community of states (in particular currency-based jurisdiction).

If I had a dollar every time somebody predicted the collapse of the dollar, I’d have a lot of dollars.

I can only imagine how happy Sam was when he found out the organization was called Brics.

It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately $350k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

Funniest thing is that shots you've fetched for Sweden, showing Swedbank is actually from Kipsala in Riga, Latvia.

I'd like to add that India actually trades with certain countries using the rupee, where it is cheaper. However we continue to trade with most counties in the dollar. Also I believe that the US is India's largest trading partner. Edit- India also said they won't support the BRICS currency.

I... hadn't realized that currencies had to actually change (proverbial) hands during an exchange. I figured they were directly transmuted somehow. But on second thought, banks and nations probably want to limit who can create and destroy currency at will.

Totally randomest observation: The B-roll shot at 1:39 is (most likely) of the Paris La Defense area. It's not one of the most striking areas in Paris, especially as it doesn't have the Eiffel in view. But I recognize it cos of the less striking Grand Arche in the middle of the shot.

The 13 colonies using the Spanish Real for exchange even after becoming the United States is BLOWING MY MIND 😂