Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
Of course, China is fully aware of dollar status. It will take decades to have "meaningful" changes. But in China, we have a saying: "Death by a thousand cuts". 😏
Don't underestimate the Greek, his a master at playing smaller and weaker than he is while getting you caught up in crossfire that profits him. Soft power is an European art.
No it’s not. Green tech: the number one university in the world in agricultural studies and environmental studies is in Europe. Without asml no semiconductors. Asml is in Europe. And he obviously never heard the of Brussel effect. That man has no clue what he’s talking about.
From friend to foe over four decades. When China was a dirt poor and backward country, the U.S considered it a friend for the simple reason that it was the world's factory. The good life in America then was made possible by cheap and affordable consumer products from China. Unlike today, nobody then heard about "repression" "genocide", "totalitarian" and other similar terms to condemn China. It all changed when China progressed beyond expectations to challenge the position of the U.S as a technological and economic powerhouse. This is the real reason behind all the geo-political games and propaganda to smear China.
😂😂😂 first of china is in no position to invade America simply because china still uses soviet era missiles technology and its 90% navel fleet are soviet era. So how can china dominate the world by using soviet era weapons??? Is that a joke????😂😂😂
Yes. I immediately thought of the oil embargo that the US placed on Japan circa 1940/1941. The cornered Japanese knew they'd be ruined without oil and lashed out in a huge calculated gamble. For them it was either boom or bust. How little has changed in all these years. And I never thought I'd see another massive land war in Europe during my lifetime. But here we are, again.
@@worthlessdollar1 Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
Well Spoken - well explained. Yanis Varoufakis has a brilliant way of speaking, explaining, narrating, analyzing the world, in ways that capture the imagination. Rivetting. --- The last parts ..few additional points. Since the BRICS conference recently, many people in the world now have been made aware of the USD dominance. The central PILLAR That supports American Hegemony Globally. DON'T use their USD, build your own currency markets, promote your own currencies to deal directly & bypass use of the USD by other people.. That has started. & will grow exponentially.. even if there is war.. by USA to try and protect its monopoly over the currency or currencies used in global trade between countries... If the world is determined NOTHING CAN STOP counters using their own currencies to trade between themselves. And other powers can & will take on USA militarily if they try to Force this issue.. of getting other countries to solely use USD to invoice their global trade. Ain't gonna work any more. The world has caught on to this american con job. After All - how stupid can one get ? Today in global trade - say Brazil or Venezuela & India - where India buys their petroleum. To pay Brazil, India has to buy USDollars from the world currency mkts, and send these USDollars to Venezuela or Brazil.. to their bank account in USA.. Brazil or Venezuela then either uses this us dollars to but stuff from other countries.. where this process gets repeated. Over & over again. INSTEAD..- Brazil & India Can trade in their own national currencies.. directly. Bypassing the US dollars. Or in some other BRICS new currency.. or some other Crypto currency type electronic web based system of account currency. That's happening in a big way in & between Russia & China. Trade payments.. directly in Roubles & Yuan (Ren min bi) Some 90-95 % of trade between Russia & China was paid for / transacted this way.. running into billions of RMB & Russian Roubles. All countries are now turning to this mechanism. to bypass the USD. __ The US Dollar use in global trade settlement use is now shrinking.. and is below 50% usage.. THAT is the crisis the USA is facing.. the existential crisis, when the world does not use its currency.. or refuses to use its currency.. refuses to accept the USD for anything ❗ __ The 2nd important point made by Yanis Varoufakis is the technology point. Refusing to sell China The technology for making designing chips etc of the highest sophistication. That move has been overcome by China.. which has just developed its own most sophisticated chip manufacturing technology - the best in the world today - even better that the Dutch world leader co ISML & its proprietory patented, UV light lithography used for its best chip manufacturing globally. It also uses light lithography fur chip making. China today IS the biggest, largest highest global producer of research & patents in these fields.. and publishes the largest number of research papers & patents globally in this and other scientific fields in STEM. USA is now running behind & losing the race.. That is not something many people are aware about..nor Yanis Varoufakis.. The Elites some of them know this is happening.. and are slowly doing deals privately with China.. That's what several US politicians have been doing privately - the Clintons, Bidens and others.. monetizing Weath by Private deals It Is bound to GROW.. as USA loses power. & global Relevance over the coming decades . That is one of the reasons why Neocons in the West Are getting so AGGRO (Aggressive) / war hungry. Their power is getting drained away.. sinking into irrelevance. 🍀🎯🔬
I'm rather tired of politicians in my country supporting the US no matter what they do or say. I had a Chinese friend at university at a time when few Chinese were even allowed to leave. I never questioned his politics however he taught me a lot about China at that time. Many of the generation are now leaders and seem to be more in touch with the people than Trump and his allies.
The most important factor is military power. Dollar will not carry the same weight without the superior US military power backing it. BRIC will only be a fantasy without China's detrimental growth in military power, on paper. I say on paper is because China didn't fight anybody yet to put it's power on display. At the end of the day, whoever with the most advanced military power will have the last say.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
2:45 that's absolutely right... 95% of the country's economy is running on local currency and production. I think China is already by far the largest economy in the world. probably tripple that of the US if all the local productivity and consumption is been taking into account.
If you measure China's economy by purchasing price parity (ppp) instead nominal Gdp China's economy is already 3 times bigger than the USA...ppp is a better judge on how active an economy is because it is based on much productivity the local currency can buy instead of the dollar.
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
You want peace? Then please explain why you are having big disputes with the Philippines in the Philippine Sea and are not doing anything to de-escalate tensions over there.
Many countries used to be less concerned about America's control of the global monetary system "when the US was viewed as a responsible leader of the world economy." However, that status quo is now changing as the actions of the American leaders become far less predictable. Now more and more countries around the world start to see no reason why their trade with other countries (beside America) and their economic growth should be imperiled by unilateral American policies premised on the use of dollar as a weapon. Here too America could undermine it's own long-term interests by weaponizing the US dollar.
I dont think countries are "less concerned" in the last 40-50 years about US Dollar. Others were just not able to stand up to the behemoth that has monopoly on military, industry, manufacturing, tech and finance. We kept our heads down and trade normally because we believe the "honesty & trust" of this trading. Only recently, as said by Yanis, when the Americans seizes Russian dollar foreign reserves, that "honesty & trust" is now gone. Everyone now are sceptics. Remember last time, Saddam Hussein once said, he wanted to trade Iraqi oil in Euro? Him and his country were decimated. Millions were killed, millions more displaced.
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
A country fraught with a political ideology which is quickly consuming them absolute ignorance but they think Trump can fix that wrong proscription for the decease.
@@nizammazlan8613 In Iraq, the lie was created to get rid of the US former protege Saddam...who wanted to move away from USD in their oil trading....the same is with Libya Gadaffi...
In 12 minutes he explains the reason for most of the conflicts in the world. It’s not to steal resources, it’s to make sure everyone trades their resources in dollars.
@@Lucas-wn5wmIran coup of 1953 instigated by the CIA and MI5 springs to mind. That was all about oil and how America and the uk could control that oil paying buttons for the oil. Fortunately both kicked out in 1979.
Europe’s success was based on pillaging Africa. Chinas success in Africa is based on trade and building infrastructure. If you were African, which partner would you choose?
@@larryc1616 you don't follow the news? Illegal mining. Armed chinese gangs with guns pushing out locals and steal their mines. Send minerals back to China Locals get killed and receive no compensation
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
It is a pleasure hearing this gentleman telling it like it is, without conditions, and without surrendering to undemocratic culture and practices of the "democratic Western countries.
Threatened America?? We just asking about fair play. Why must the rest of the world burdened with inflation in USA? Please pay your own bill America!!!
Professor Yannis you answered me on a very important question that was lingering in my mind since so many years. Why USA stock market is keep growing up & China is going reverse.
First thing first, grow a spine and stop kissing up to the US bottom. The US is the one who sabotage EU and profiteer from Russian Ukraine conflict by dragging EU into the mess they manufactured, just like war with Iraq. And they don’t care how much it costs, because they don’t rely on Russian energy, and they can print more dollars to fund it and the global financial market will pay for it, including EU, by buying US debts. EU doesn’t have all these luxuries, ending up paying for all the chaos US created, undermining their own energy security and trashing their industry.
Probably need a stable government at the very least. 6 prime ministers in 8 years Any policy that needs to be implemented in the long term to bring benefits just can't be carried out.🙃
@@errorrua7083Exactly. A government that actually serves the best interest of its people. Not for the rich only. China has billionaires but they cannot control the government.
Basically he is speaking why US can maintain trade deficit for ages is because US dollars. ChatGPT would provide a clearer picture. So China is not the real reason of the trade deficit to start with. ♥️
Good point! US government wants to keep spending while the world foot the bill. USD is no longer a safe haven it once was, and people have realized it. They just need to move to a safe alternative, like gold and CBDC.
@ I have invested long time in China.. It’s just matter of time when US will fall with its dollar. People just don’t admit it. Dollar have lost almost all its power, people just don’t believe in it anymore. From my point of view China is the next king! Have sold all the US companies shares over the years and invested in China. There will be a change what people don’t want to see and hear. Have a good day!
@@JustJamesDean Have You ever considered to ask from Yourself why it is going up lately? - Because US economy is in flowering phase? Because people are paid good and everybody have a dream jobs / living their so called "US dream"? Tariffs are just for fun and inflation is a fairytale? Everybody have their own opinion and I respect that! IF it is backed up by facts!
I am from Russia and honestly I don't understand what exactly you are measuring when speaking about the economy. In Russia we have 100-500Mbit/s internet which costs $5-$10 (in ruble value), I doubt Spain has the same price, they most likely have the same service for about 30-50 euro. Now according to nominal GDP Russia is 10 times smaller just in this primitive example, but the service is the same, so what are you measuring?? The amount of US dollars in the Russian economy? I honestly surprised people are seriously putting Russia and Spain at the same place economically speaking, what Spain produces exactly? Anything big and expensive like nuclear reactors, missiles, fighter jets, AI self driven tractors, space program, submarines etc? I know Spain is making some home appliances, and probably assembles German cars, Russia is weak in these exact areas. Still on balance Spain's economy is nowhere close to the Russian in scale. If I'm wrong - tell me why.
When Yanis makes the statement about how the US gets even more powerful as it accumulates more debt (in any other country, Yanis has said eleswhere, this would mean the end of public services and amenities -- schools and hospitals will close, etc) he is basically saying that the rest of the world is "subsidizing" the American way of life. Allegedly, Americans constitute only 5% of the world's population but consume 25% of the world's resources. Macron once called it an "exorbitant advantage". I can understand why the US would cling to this entitlement by all means. Just think : a peasant in the global south has to put in hours of labour to earn the US dollars, while the US can just print them. Is it fair? You tell me.
Professor Yanis Varoufakis, my masters thesis in International Relations captured much of what you discussed but focussed on why the USA securitized the Belt and Road Initiative and the resultat implications on US-China geopolitical relations.
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
@@JustJamesDeanyes and rightly so. Chinese electoral system is based on Meritocracy where the Most capable and competent is selected to lead the nation while the Flawed western system is based on populism where puppets are put on stage to perform while the strings are pulled by powerful individuals behind the scenes, it truly is a marvellous clown show. You don’t have to believe my words, you just have to look at the results in plain sight, China under its competent capable leaders has seen its poverty almost exterminated while it’s not true for most wealthy Western countries where poverty has been on the rise forever.
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
I'm ecstatic with the outcome of the election and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with a 100K right now? My goal is to position myself for a prosperous Q1 in 2025.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
“DCA" is the golden term but the key. My dollar portfolio i DCA with is made up of 30% PLTR, 25% NVDA, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388.
I'll be kind to leave just her name here ''Monica Lisa Payne''. She's a renowned figure in the financial sector with over two decades of experience. I'd suggest you research her further on the web.
Unfortunately you are not some ex financial minister or an economy minister of a country. So yeah.. well, good for you to figure it out sooner than most of us
Can you imagine how poor a country is after the USD is being manipulated since 1960? For example, Indonesia - not my country. In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
It was never about national security, but all about national insecurity from amurica.
Hypocrisy and Hegemony
smallhats and their thirst for the entire world as a slave market
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
Of course, China is fully aware of dollar status. It will take decades to have "meaningful" changes. But in China, we have a saying: "Death by a thousand cuts". 😏
@@MSDGroup-ez6zk I dont know if that will be quite right on the inflation calculation though.
He's the wisest & honest man in Europe
Bankrupted his country, endless riots, so damn smart
The World I would say
@@lawrenceweston922 Why not saay the entire universe, to be super accurate ??
😂😂😂😂😂
No he's not, he fucked up his own country's finances, he is a crypto commie and not even a good one.
Splendid exposition by this Greek gentleman, Mr Varoufakis
Why didn’t he get Greece saved from corruption and on going bankruptcy? They just know how to talk… but inefficient
Don't underestimate the Greek, his a master at playing smaller and weaker than he is while getting you caught up in crossfire that profits him. Soft power is an European art.
We know right? 😅 But the thing is, nobody plays the game like him. In any case, not in Europe.
No it’s not. Green tech: the number one university in the world in agricultural studies and environmental studies is in Europe. Without asml no semiconductors. Asml is in Europe. And he obviously never heard the of Brussel effect. That man has no clue what he’s talking about.
Do you know what ?
This Yanis guy is damn right, fully agreed on what he say.
He's paid by china 🤌
Until China free floats it's currency any talk of America losing to China is hot air
And CCP will never do that
He is a clown
@@josuecruz7546 You should know..
From friend to foe over four decades. When China was a dirt poor and backward country, the U.S considered it a friend for the simple reason that it was the world's factory. The good life in America then was made possible by cheap and affordable consumer products from China. Unlike today, nobody then heard about "repression" "genocide", "totalitarian" and other similar terms to condemn China. It all changed when China progressed beyond expectations to challenge the position of the U.S as a technological and economic powerhouse. This is the real reason behind all the geo-political games and propaganda to smear China.
those r what american propaganda is about😂
Totally True 👍👍👍
Proud to be Chinese!
They firmly believed that rich lives required slaves
China is actually close friend to USA. ❤ but some politicians make things mess up around to gain politic power
The dominance is never meant to stay!
The Roman empire is the proof!
But if you conspire enough it will last long.
@sys9208, and with a lot of blood shed.
😂😂😂 first of china is in no position to invade America simply because china still uses soviet era missiles technology and its 90% navel fleet are soviet era.
So how can china dominate the world by using soviet era weapons??? Is that a joke????😂😂😂
@@xijinping9024 Look in the mirror. You will see a joker!
Similar to what the US did to Japan before WW2 and then again during the 90s by forcing them to sign an one sided agreement.
Yes. I immediately thought of the oil embargo that the US placed on Japan circa 1940/1941. The cornered Japanese knew they'd be ruined without oil and lashed out in a huge calculated gamble. For them it was either boom or bust. How little has changed in all these years. And I never thought I'd see another massive land war in Europe during my lifetime. But here we are, again.
After all what US inflicted on Japan, Japan still look up n willingly to be a lapdog of US. Typical Stockholm syndrome just like the Phils.
@@worthlessdollar1 Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
a one sided agreement called the Plaza Accord
@@worthlessdollar1 so you are on the axis side in ww2?
Thank you Mr. Yanis, you are a very wise man indeed. God bless 🙏
Probably the best explanation I have got in a long while.
That's why Tik Tok must, be owned by an American?
Followed Yanis for many years and he speaks truths.
Yanis you are becoming an Ikon I enjoy you defending the working class. Thank you
😂😂😂😂
It’s always a pleasure to listen to Yanis.
Thank you for educating me Professor Yanis Varoufakis. What a paradigm shift this is for me! Wow!
Love this man. Speaking the truth
Again and again.
You love a loser?
@@JustJamesDeantrue … they talk a big game… inefficient in reality
@@NashDr it's a communist thing, promise everything, delivers nothing but misery
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
I love truth speakers.
Real smart guy. Salute to him with respect.
😂stupid, Greece is bankrupt when he was Finance…he’s inefficient jus5 knows how to speak a big game
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
nothing new..charles gave has been saying the exact same for years, an possibly others..i heard the same stuff at least 5 years ago
@@NashDr even after all those money printed, america is a big toilet. it is a fact
@@NashDr lol, majority of the problems is EURO system.
Thats Why Greeks are Genuinely Talents
*talented
他不是天生聪明，他是希腊人，被美国人收割了，债务陷阱了，他知道痛了，才给你们讲真话
nah, you're good at tax evasion and racism.
Well Spoken - well explained.
Yanis Varoufakis has a brilliant way of speaking, explaining, narrating, analyzing the world, in ways that capture the imagination. Rivetting.
---
The last parts ..few additional points.
Since the BRICS conference recently, many people in the world now have been made aware of the USD dominance.
The central PILLAR That supports American Hegemony Globally.
DON'T use their USD, build your own currency markets, promote your own currencies to deal directly & bypass use of the USD by other people..
That has started. & will grow exponentially.. even if there is war.. by USA to try and protect its monopoly over the currency or currencies used in global trade between countries...
If the world is determined NOTHING CAN STOP counters using their own currencies to trade between themselves.
And other powers can & will take on USA militarily if they try to Force this issue.. of getting other countries to solely use USD to invoice their global trade.
Ain't gonna work any more. The world has caught on to this american con job.
After All - how stupid can one get ?
Today in global trade - say Brazil or Venezuela & India - where India buys their petroleum.
To pay Brazil, India has to buy USDollars from the world currency mkts, and send these USDollars to Venezuela or Brazil.. to their bank account in USA.. Brazil or Venezuela then either uses this us dollars to but stuff from other countries.. where this process gets repeated. Over & over again.
INSTEAD..- Brazil & India Can trade in their own national currencies.. directly. Bypassing the US dollars.
Or in some other BRICS new currency.. or some other Crypto currency type electronic web based system of account currency.
That's happening in a big way in & between Russia & China. Trade payments.. directly in Roubles & Yuan (Ren min bi)
Some 90-95 % of trade between Russia & China was paid for / transacted this way.. running into billions of RMB & Russian Roubles.
All countries are now turning to this mechanism. to bypass the USD.
__
The US Dollar use in global trade settlement use is now shrinking.. and is below 50% usage.. THAT is the crisis the USA is facing.. the existential crisis, when the world does not use its currency.. or refuses to use its currency.. refuses to accept the USD for anything ❗
__
The 2nd important point made by Yanis Varoufakis is the technology point. Refusing to sell China The technology for making designing chips etc of the highest sophistication.
That move has been overcome by China.. which has just developed its own most sophisticated chip manufacturing technology - the best in the world today - even better that the Dutch world leader co ISML & its proprietory patented, UV light lithography used for its best chip manufacturing globally.
It also uses light lithography fur chip making.
China today IS the biggest, largest highest global producer of research & patents in these fields.. and publishes the largest number of research papers & patents globally in this and other scientific fields in STEM.
USA is now running behind & losing the race..
That is not something many people are aware about..nor Yanis Varoufakis..
The Elites some of them know this is happening.. and are slowly doing deals privately with China..
That's what several US politicians have been doing privately - the Clintons, Bidens and others.. monetizing Weath by Private deals It Is bound to GROW.. as USA loses power. & global Relevance over the coming decades .
That is one of the reasons why Neocons in the West Are getting so AGGRO (Aggressive) / war hungry.
Their power is getting drained away.. sinking into irrelevance.
🍀🎯🔬
And he's funny, too.
I'm rather tired of politicians in my country supporting the US no matter what they do or say. I had a Chinese friend at university at a time when few Chinese were even allowed to leave. I never questioned his politics however he taught me a lot about China at that time. Many of the generation are now leaders and seem to be more in touch with the people than Trump and his allies.
The most important factor is military power. Dollar will not carry the same weight without the superior US military power backing it. BRIC will only be a fantasy without China's detrimental growth in military power, on paper. I say on paper is because China didn't fight anybody yet to put it's power on display. At the end of the day, whoever with the most advanced military power will have the last say.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
Gold and Silver are often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
2:45 that's absolutely right... 95% of the country's economy is running on local currency and production. I think China is already by far the largest economy in the world. probably tripple that of the US if all the local productivity and consumption is been taking into account.
If you measure China's economy by purchasing price parity (ppp) instead nominal Gdp China's economy is already 3 times bigger than the USA...ppp is a better judge on how active an economy is because it is based on much productivity the local currency can buy instead of the dollar.
Brics and asean will form an alliance against the US dollar Just watch in 20 years you’ll see us dominating not USA
I've admired Yanis Varoufakis since his fight to save Greece's economy in the 2011 crisis. He's a decent, brilliant man.
This guy knows his stuff and colourful intelligent wit at the same time!
Yeah, he bankrupted his country, riots none stop on the streets
Talk is cheap… he got Greece bankrupt
@NashDr 😂😂😂
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
@@MSDGroup-ez6zk china manipulate the yuan too
Thank you for your information 👍👍👍👍
Wow well explain now we know why
Well said without taking sides 👏 👏👏
We want peace! We don't want war! Peace! Peace! Peace!
.
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
@@MSDGroup-ez6zkDollar made every Indonesian millionaire.
But america always wants war
You want peace? Then please explain why you are having big disputes with the Philippines in the Philippine Sea and are not doing anything to de-escalate tensions over there.
Many countries used to be less concerned about America's control of the global monetary system "when the US was viewed as a responsible leader of the world economy." However, that status quo is now changing as the actions of the American leaders become far less predictable.
Now more and more countries around the world start to see no reason why their trade with other countries (beside America) and their economic growth should be imperiled by unilateral American policies premised on the use of dollar as a weapon. Here too America could undermine it's own long-term interests by weaponizing the US dollar.
I dont think countries are "less concerned" in the last 40-50 years about US Dollar. Others were just not able to stand up to the behemoth that has monopoly on military, industry, manufacturing, tech and finance. We kept our heads down and trade normally because we believe the "honesty & trust" of this trading.
Only recently, as said by Yanis, when the Americans seizes Russian dollar foreign reserves, that "honesty & trust" is now gone. Everyone now are sceptics.
Remember last time, Saddam Hussein once said, he wanted to trade Iraqi oil in Euro? Him and his country were decimated. Millions were killed, millions more displaced.
Hello America. You are dealing with the Chinese😊✌️.
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
A country fraught with a political ideology which is quickly consuming them absolute ignorance but they think Trump can fix that wrong proscription for the decease.
@@nizammazlan8613 In Iraq, the lie was created to get rid of the US former protege Saddam...who wanted to move away from USD in their oil trading....the same is with Libya Gadaffi...
I've always liked listening to his take on things. Very smart man indeed.
Exelent explanation Yanis ..thank you very much
Love this guy, thank you varoufakis for telling the truth. Admire you so much❤
In 12 minutes he explains the reason for most of the conflicts in the world. It’s not to steal resources, it’s to make sure everyone trades their resources in dollars.
thats robbing people of their hard earned money when you print fiat with no backing
Mostly ... but it is also about stealing the oil and eliminating competition (because there is no way they can be competitive anymore).
@@allblacks4729 iraq war started due to that lol
@@allblacks4729
Every currency is fiat.
The backing of money is always trust.
@@Lucas-wn5wmIran coup of 1953 instigated by the CIA and MI5 springs to mind. That was all about oil and how America and the uk could control that oil paying buttons for the oil. Fortunately both kicked out in 1979.
Honest person are not many in this world today.
I so much have respect for the Greeks man.
American people won't like him for his honesty
❤Thank you very much for your TRUTHFUL advice and professional insight Professor.
Good analysis
Thanks for sharing the full video. 👍🏾
Very direct and clear explanation, the kind that should be on every evening news.
Great video 👍🏻👍👍🏼
"500 Years Of Western Dominance Are ‘Coming To A Close End." - Sergei Lavrov, Russia's foreign minister 🤔
Europe’s success was based on pillaging Africa. Chinas success in Africa is based on trade and building infrastructure. If you were African, which partner would you choose?
China is pillaging in china too, 😂😂😂
@JustJamesDean how?
@@larryc1616 you don't follow the news? Illegal mining. Armed chinese gangs with guns pushing out locals and steal their mines. Send minerals back to China
Locals get killed and receive no compensation
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
@@JustJamesDeanat least they pay and don’t terrorise and kill
Amazing video and thought leader.
The whole world is fed up of this dominance
I love this guy. Have listened to him many times. He should be the leader of the EU. Greeks must be proud of him. Greetings from Turkiye.
Why they feel threatening when another country is doing good and their economy growing ? We need a multipolar world
I love hearing Yanis speak - informative and entertaining
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and :nvesting with her has been amazing.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@สมรักษ์อินทร์ตา-ม7ฑ Sarah Jennine Davis is highly recommended
You most likely should get her basic info when you search her on your browser.
@@Elijah-e6vHow do I access her ? I really need this
+156
Always thoughtful
Thank you for telling the whole truth….God bless.
Very insightful, both regarding the past AND the future
Thanks!
Thank you so much for your support! Much appreciated :)
Big admire for a courageous person who does not fear to tell the truth. The germans tried to arrest him for calling them out on their bullshit.
Yanis Varoufakis explaination so brilliant.
Fine man..
Very good explained and said the truth.
Full video plz
th-cam.com/video/JcnGAbd4ZTs/w-d-xo.html
th-cam.com/video/JcnGAbd4ZTs/w-d-xo.htmlsi=E-T7qSi_GkZ0Mc6p
It is a pleasure hearing this gentleman telling it like it is, without conditions, and without surrendering to undemocratic culture and practices of the "democratic Western countries.
They told me it’s love that makes the world go round, but actually it’s money.
Actually, the love of money makes the world go round. Money, on its own, is worthless.
Money is love....
Dad alway says
Money runs the world
Threatened America?? We just asking about fair play. Why must the rest of the world burdened with inflation in USA? Please pay your own bill America!!!
where to find the full interview video?
Links are given
@@infinity_0071
Professor Yannis you answered me on a very important question that was lingering in my mind since so many years. Why USA stock market is keep growing up & China is going reverse.
Chinese companies report fake numbers
Watch the china hustle, mind blowing
My question, as an European in the UK, is what can Europe do about the problem that it's being left behind?
First thing first, grow a spine and stop kissing up to the US bottom. The US is the one who sabotage EU and profiteer from Russian Ukraine conflict by dragging EU into the mess they manufactured, just like war with Iraq. And they don’t care how much it costs, because they don’t rely on Russian energy, and they can print more dollars to fund it and the global financial market will pay for it, including EU, by buying US debts. EU doesn’t have all these luxuries, ending up paying for all the chaos US created, undermining their own energy security and trashing their industry.
Probably need a stable government at the very least. 6 prime ministers in 8 years Any policy that needs to be implemented in the long term to bring benefits just can't be carried out.🙃
Step one: Stop talking about genders
Step two: Stop being puppet of other countries.
@@errorrua7083Exactly. A government that actually serves the best interest of its people. Not for the rich only. China has billionaires but they cannot control the government.
All Europe can do is continue to kowtow to the U.S. and see no incentive or sign of change.
❤❤❤❤. Direct talk. Bravo
If one knows the real reason for the Russians military action in Ukraine one will agree it was justifies.
Putin is an evil ahole. That's the true reason
他们会告诉你，从什么时候俄罗斯决定军事行动，但他们不会告诉你，在那之前俄罗斯做了多少事情来避免战争。
就好像所有的媒体都在告诉你哈马斯是在什么时候发动了袭击，同样他们也不会告诉你以色列几十年来都干了些什么事。
Western deep state people pressures us to go in conflict..people like Soros and Rothschild@@林木老寄卖
Yea because ukrainians toppled russian president of ukraine
@@林木老寄卖 You have an excellent comment!
Basically he is speaking why US can maintain trade deficit for ages is because US dollars. ChatGPT would provide a clearer picture. So China is not the real reason of the trade deficit to start with. ♥️
Good point! US government wants to keep spending while the world foot the bill. USD is no longer a safe haven it once was, and people have realized it. They just need to move to a safe alternative, like gold and CBDC.
One of the wise man from Greece. Giving the real insight, instead of giving Anglo-Saxon statements.
One of the best video what I have lately seen 👍💪
Only if you are a fool
@ I have invested long time in China.. It’s just matter of time when US will fall with its dollar. People just don’t admit it. Dollar have lost almost all its power, people just don’t believe in it anymore. From my point of view China is the next king! Have sold all the US companies shares over the years and invested in China. There will be a change what people don’t want to see and hear. Have a good day!
USD continues to go up
Everybody must be wrong
Only you are right
@@JustJamesDean Have You ever considered to ask from Yourself why it is going up lately? - Because US economy is in flowering phase? Because people are paid good and everybody have a dream jobs / living their so called "US dream"? Tariffs are just for fun and inflation is a fairytale?
Everybody have their own opinion and I respect that! IF it is backed up by facts!
@DeviGriffel wrong, wrong, wrong. Got nothing to do with internal economy.
USD is going up because more countries are buying it. Plain and simple.
It all makes sense to me. And I don't understand how somebody could be surprised by all of this.
Good man👍
Thank you for the great intel.
I am from Russia and honestly I don't understand what exactly you are measuring when speaking about the economy. In Russia we have 100-500Mbit/s internet which costs $5-$10 (in ruble value), I doubt Spain has the same price, they most likely have the same service for about 30-50 euro. Now according to nominal GDP Russia is 10 times smaller just in this primitive example, but the service is the same, so what are you measuring?? The amount of US dollars in the Russian economy?
I honestly surprised people are seriously putting Russia and Spain at the same place economically speaking, what Spain produces exactly? Anything big and expensive like nuclear reactors, missiles, fighter jets, AI self driven tractors, space program, submarines etc?
I know Spain is making some home appliances, and probably assembles German cars, Russia is weak in these exact areas. Still on balance Spain's economy is nowhere close to the Russian in scale. If I'm wrong - tell me why.
I love the way you commented on Europians.. This guy is a Gem!!!
When Yanis makes the statement about how the US gets even more powerful as it accumulates more debt (in any other country, Yanis has said eleswhere, this would mean the end of public services and amenities -- schools and hospitals will close, etc) he is basically saying that the rest of the world is "subsidizing" the American way of life. Allegedly, Americans constitute only 5% of the world's population but consume 25% of the world's resources. Macron once called it an "exorbitant advantage". I can understand why the US would cling to this entitlement by all means. Just think : a peasant in the global south has to put in hours of labour to earn the US dollars, while the US can just print them. Is it fair? You tell me.
Please supply source to 25% comment
Plus nobody has to accept the US dollars. Just don't trade with them. Simply. Don't be greedy.
Professor Yanis Varoufakis, my masters thesis in International Relations captured much of what you discussed but focussed on why the USA securitized the Belt and Road Initiative and the resultat implications on US-China geopolitical relations.
This gentelman is correct!!
What is correct?
@@JustJamesDeanthe entire video.
@@chaostheory956 his comments are full of mistakes, he doesn't understand international trade
@@JustJamesDean no he is right.
@chaostheory956 no he is wrong
Very good analysis and an eye opener to expose & compare the US n Chinese economy system 👍🏼👏🏼Mr Yanis is a wise man indeed!
Whoever controls the money flows, controls the world.
Owner/Sharehold of Fed. Resr.. Russia + China won't bow.
A GOOD MAN YANIS ! .
Thank you for the 12 minute video, watched the whole thing. Nobody has time for 48:00 videos
Listen as you clean house, for example.
love this man
You need someone to do the subtitles properly
Much better analysis than Peter Ziehan. Completely objectionable and non biased statements.
It is not the President who decides, it is the men behind the curtain.
President Xi decides everything
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
@@JustJamesDeanyes and rightly so. Chinese electoral system is based on Meritocracy where the Most capable and competent is selected to lead the nation while the Flawed western system is based on populism where puppets are put on stage to perform while the strings are pulled by powerful individuals behind the scenes, it truly is a marvellous clown show. You don’t have to believe my words, you just have to look at the results in plain sight, China under its competent capable leaders has seen its poverty almost exterminated while it’s not true for most wealthy Western countries where poverty has been on the rise forever.
He mean the president in every democracy countries. 😂@@JustJamesDean
@纪思豪 you mean president putin?
Please protect this man at all cost…
Awesome explanation 👏 👌
You are are a. wise man
Thank you Yanis - an excellent listen - it would be very interesting to hear you putting this argument to Trump and in particular, his response!
Varoufakis for EU president! he will save us like he did with Greece
He bankrupted Greece, learn your history
@JustJamesDean it was sarcasm ;)
@@panathaninf 😀😀😀
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
@@JustJamesDean Nah, EU oppressive policies did that. EU > ALL Greek politicians
I'm ecstatic with the outcome of the election and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with a 100K right now? My goal is to position myself for a prosperous Q1 in 2025.
Bitcoin through 2025, then high yield ETFs through the bear market 26’-27’ that's my plan.
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.
“DCA" is the golden term but the key. My dollar portfolio i DCA with is made up of 30% PLTR, 25% NVDA, 15% VOO and over 30% in digital assets, thanks to my CFA. This strategy is what works for my spouse and I. We've made over 80% capital growth minus dividends. Q3 taxable divs this year was $18,388.
__Please HOW can I reach this expert.
I'll be kind to leave just her name here ''Monica Lisa Payne''. She's a renowned figure in the financial sector with over two decades of experience. I'd suggest you research her further on the web.
I explained that two years ago in my upload “The Making of WW III”
Ditto 😂
Unfortunately you are not some ex financial minister or an economy minister of a country. So yeah.. well, good for you to figure it out sooner than most of us
Can you imagine how poor a country is after the USD is being manipulated since 1960?
For example, Indonesia - not my country.
In 1969, 1 USD = Rp 7.5. Today, 1 USD = Rp 16,000. Indonesia GDP currently is USD 5,247/year per person. This mean in local currency, it is USD 5,247x Rp 16,000 = Rp 84 million/year/head. Now, if the USD is not being manipulated and 1 USD = Rp 7.5, Rp 84 million should be Rp 84 million/Rp 7.5 = USD 1.03 million/year
Can you see now? Rp 84 million GDP only worths USD 5,247 rather than USD 1.03 million.
Very insightful talk.
LOL and China responded years ago. " Ok, we'll build our own chip plant" and they did. Now we don't need your chips.
Good logic and well said
Wow, I haven't ghought of some on the things he/mr. varoufakis mentioned, learn something new everyday....
Talk a big game but inefficient guy took Greece to bankruptcy in reality
@@NashDr Nah, EU oppressive policies did that. EU > all Greek politicians
Good morning Mr Yanis ❤️🇬🇷🦾😇
Excellent analysis enjoyed ❤Thanks
he is telling the truth. he is one of very few respected man to tell what exactly happened in this world
USA did try to shutdown WeChat but the local businesses couldn’t get there orders 😄
Different systems they cannot do anything.
Don't blame Trump. One administration builds on the misdeeds of the previous administration. Obama's pivot to Asia got the ball rolling.
Great Report. That's EXACTLY how it is !!! Only BRICKS can change the status
if you are a retired US highest ranking officer, do you preferred put your balls into 1 basket?
First, one must ask if any retired US highest ranking officers have any balls. 😂
@@PhuckitallDollar make big balls
Comrade Yani is extraordinary and very intelligent!👍