About 3:15 in the video: Just as governments could manipulate their own currencies, so too could rich people and/or rich corporations and/or rich nations manipulate other nation's currencies' values and hence the other nation's economies. Hence also, why this whole 'supply and demand' system of international currency exchange has some serious flaws concerning economic stability of nations and even the global economic market. And if it doesn't change, then it is ripe for exploitation and manipulation, in essence, entities possibly being 'puppet masters' over nation's economies of this world. Is that truly what nations of this world want? To be exploited and manipulated by others? Whomever set up this international trade system, are they exploiting and manipulating the very system they set up?
What about very rich entities manipulating a respective nation's currency value just prior to doing an even bigger financial deal concerning that nation? Maximize their profits even more?
"Improve a current account deficit": I believe I understand what they are saying and how the system works. BUT, if currency is exchanged in the trade equation to balance out the trade that occurred, how could there really be an account deficit, or surplus? Basically also, if some nation obtains another nation's currency via trade, that nation could go buy up assets and land in the other nation to balance out the trade. The account could still become balanced that way too. Or so it would seem to me. And in a way, shouldn't that be how it should be in this world? If a certain nation exports a lot of goods and/or services, and basically gets another nation's currency in exchange, they could spend that other nation's currency in that nation possibly buying up assets and land. The nation that exports a lot in this world becoming richer and more powerful. Basically, 'world domination' via international trade.
Brad Cartwright unfortunately even soft sciences like economics cant be grasped by everyone even if taught by a great teacher like yourself... keep up the great work!
Very informative and clear
Glad you think so!
About 3:15 in the video: Just as governments could manipulate their own currencies, so too could rich people and/or rich corporations and/or rich nations manipulate other nation's currencies' values and hence the other nation's economies. Hence also, why this whole 'supply and demand' system of international currency exchange has some serious flaws concerning economic stability of nations and even the global economic market. And if it doesn't change, then it is ripe for exploitation and manipulation, in essence, entities possibly being 'puppet masters' over nation's economies of this world. Is that truly what nations of this world want? To be exploited and manipulated by others? Whomever set up this international trade system, are they exploiting and manipulating the very system they set up?
What about very rich entities manipulating a respective nation's currency value just prior to doing an even bigger financial deal concerning that nation? Maximize their profits even more?
"Improve a current account deficit": I believe I understand what they are saying and how the system works. BUT, if currency is exchanged in the trade equation to balance out the trade that occurred, how could there really be an account deficit, or surplus? Basically also, if some nation obtains another nation's currency via trade, that nation could go buy up assets and land in the other nation to balance out the trade. The account could still become balanced that way too. Or so it would seem to me. And in a way, shouldn't that be how it should be in this world? If a certain nation exports a lot of goods and/or services, and basically gets another nation's currency in exchange, they could spend that other nation's currency in that nation possibly buying up assets and land. The nation that exports a lot in this world becoming richer and more powerful. Basically, 'world domination' via international trade.
tnaks
🐐🐐🐐🐐🐐🐐🐐
Haha! Awesome... thank you.
Brad Cartwright unfortunately even soft sciences like economics cant be grasped by everyone even if taught by a great teacher like yourself... keep up the great work!