like an old fashioned savings account, low returns but steady, Bitcoin the fastest horse in the race, larger returns with far more potential to improve the financial position,
We're lucky to have access to the American dollar as an American. Relatively to the world, out purchasing power is great as long as you're able to leave and move money or buy assets that are known to beat inflation. Just have to make the best of it even if you don't have much. Debt is the ultimate killer tho
@ It appears that prices rose then and today because of supply and demand factors. One thing that helps see what inflation really is, is the actual definition. The word inflate means to increase the supply, just like the supply of air is increased to inflate a balloon. I used to think inflation meant higher prices, but inflation is actually the increase in currency (including debt). In other words, inflation doesn’t mean prices increase, it means money supply increases.
@@craigcolbourn8351Not true because you can have a huge supply of money but that doesn't mean jack if its all stashed away in a vault in a cave. It leads to inflation when its circulating in the market and being used.
Here in Canada, im re-evaluating my portfolio. Looking at US Dividend etfs, DGRO. Also transitioning to some US growth instead of Canada. If I can get paid in USD that would be great. My yield would grow much faster as the CAD decreases.
There is no other currency that can compete with the dollar, even at today's valuations. China's and Germany's economies are hurting badly, as are others. Nearly every country is grossly mismanaged, and we just need to accept that this is the new norm. Play it any way you can to stay even, if you're lucky. Stay vigilant!
You really should be an economics teacher. A lot of young kids need to learn this stuff because they do not teach this in high schools or even college.
@@pqtpat7734 In all seriousness, I have learned more from the Uneducated Economist TH-cam channel about finances than I have learned from my Associates degree.
@brodyalden Russia and Iran don't use USD when they trade with China. India doesn't buy oil from Iran or Russia with USD. Saudi Arabia doesn't sell their oil in only USD, they accept other currencies. This was not the case a few years ago, Saudi Arabia would sell their oil in USD exclusively. It was the petrosollar that forced most countries in this world to use USD from 1973 to 2023.
Taking out dollar denominated debt makes a lot of sense as you will pay them back with dollars that are worth less. Your own currency you can control its purchasing power slightly better.
@UneducatedEconomist the dollar index shows the dollar vs a basket of failing currencies and countries. The dollar should fall faster than other large currencies as its usage and holdings go down.
I didn't know Russia was buying US bonds from China. Russia has recently purchased US bonds but I assume from the open market. China has recently sold bonds of their own creation that is due in US dollars. Russia may have purchased some. Totally different events
The dollar isn't destroying the global economy but is a necessary component within the world economic system. Channel dollar dystopia theses should cease for more sound substantive content.
Doesn't move, doesn't produce yield, isn't currently used for any sort or real business, its just the same lie of keeping money from people Maybe that could change someday in the future? Who knows. I'm not waiting around on anyone; they don't deserve it
USA $s circulating or held in reserves, is the same as when the wealthy hoard as much money & take it out of circulation, causing $ shortage & less $s to go around. Money held outside of the USA now, as apose to 5 yrs ago, is entirely outside of the US control, short of devluaing the USA $ the fed has few options for bring that money back, if nobody is reinvesting it into the US treasuries.
Thank you Mr Simon for your reasoning, calm!!!
Bought my first gold this week. Silver a couple months ago
You should take it back and buy BITCOIN
@ na, I’m good on the digits on a screen
like an old fashioned savings account, low returns but steady, Bitcoin the fastest horse in the race, larger returns with far more potential to improve the financial position,
@@andreb695 can accept his so called cash as digits on a screen but not BTC,
@@pqtpat7734 like the ones from your bank in the online accounts?
Such Amazing knowledge, thank you for the work you do and teachings
Thanks for watching Henry.
We're lucky to have access to the American dollar as an American. Relatively to the world, out purchasing power is great as long as you're able to leave and move money or buy assets that are known to beat inflation. Just have to make the best of it even if you don't have much. Debt is the ultimate killer tho
Money printing is inflation, not high prices.
Explain the 70s and previous decades
@ It appears that prices rose then and today because of supply and demand factors. One thing that helps see what inflation really is, is the actual definition. The word inflate means to increase the supply, just like the supply of air is increased to inflate a balloon.
I used to think inflation meant higher prices, but inflation is actually the increase in currency (including debt).
In other words, inflation doesn’t mean prices increase, it means money supply increases.
Greed
@@craigcolbourn8351Not true because you can have a huge supply of money but that doesn't mean jack if its all stashed away in a vault in a cave. It leads to inflation when its circulating in the market and being used.
@@Nervosos Theft. Institutionalized.
Great video, thanks Simon!😊
Thank you
Here in Canada, im re-evaluating my portfolio. Looking at US Dividend etfs, DGRO. Also transitioning to some US growth instead of Canada. If I can get paid in USD that would be great. My yield would grow much faster as the CAD decreases.
Boom and Bust….we are in for a bust…but it is just part of the normal cycles we have had forever...
There is no other currency that can compete with the dollar, even at today's valuations. China's and Germany's economies are hurting badly, as are others. Nearly every country is grossly mismanaged, and we just need to accept that this is the new norm. Play it any way you can to stay even, if you're lucky. Stay vigilant!
You really should be an economics teacher. A lot of young kids need to learn this stuff because they do not teach this in high schools or even college.
I learned more from TH-cam than my bachelors in business
@@pqtpat7734 In all seriousness, I have learned more from the Uneducated Economist TH-cam channel about finances than I have learned from my Associates degree.
I bet his job pays the same and is a lot easier
Why don't they use real inflation numbers would people be scared of how actually high inflation is ?
Thanks Simon!
Great discussion.
Why can't countries conduct bilateral trade using their own currencies, or with a basket of currencies?
The Bricks is working on it. It takes time to free yourself from Jewish central banksters supremacy.
Because there is not enough of their own currency to facilitate all the trading being done with dollars.
@@UneducatedEconomist China is already conducting bilateral trade with countries, like Brazil, Iran, Russia, and other countries.
@@Ace1000ks19751982
Not on a significant level. They may be doing some non-dollar trade; but the dollar remains the world standard.
@brodyalden Russia and Iran don't use USD when they trade with China. India doesn't buy oil from Iran or Russia with USD.
Saudi Arabia doesn't sell their oil in only USD, they accept other currencies. This was not the case a few years ago, Saudi Arabia would sell their oil in USD exclusively.
It was the petrosollar that forced most countries in this world to use USD from 1973 to 2023.
Liquidity/credit crisis more of a threat.
Taking out dollar denominated debt makes a lot of sense as you will pay them back with dollars that are worth less. Your own currency you can control its purchasing power slightly better.
As the dollar index rises , that would make the strategy counterintuitive
Simon Says! 😁
@UneducatedEconomist the dollar index shows the dollar vs a basket of failing currencies and countries. The dollar should fall faster than other large currencies as its usage and holdings go down.
Why would Russia be buying US bonds off China right now, if not as a favor for China? I thought Treasury bonds had a scarcity of buyers suddenly.
I didn't know Russia was buying US bonds from China. Russia has recently purchased US bonds but I assume from the open market. China has recently sold bonds of their own creation that is due in US dollars. Russia may have purchased some. Totally different events
If americans didnt have access to money at all. Could countries still operate?
Anything can be money, so impossible. Futures contracts were invented in Japan when Rice was “money”. Same with candlestick charts.
The dollar isn't destroying the global economy but is a necessary component within the world economic system.
Channel dollar dystopia theses should cease for more sound substantive content.
The dollar have worked for me for the last 30y
Hold on to it for the next 10 years and see what happens...
You truly are an idiot@@andreb695
👍
Can we back the dollar with bitcoin?
Nope. Greshams law would prevent a good currency from driving out bad. The dollar would have to completely fail for bitcoin to take over
@UneducatedEconomist I meant to back the dollar the way gold does
Gold doesn't back the dollar
@UneducatedEconomist how much bit coin do you own?
What's your view of Bitcoin replacing the dollar.?
Couldn’t happen unless the dollar failed completely. Bad money chases out good money; unless the bad money is deemed worthless.
Doesn't move, doesn't produce yield, isn't currently used for any sort or real business, its just the same lie of keeping money from people
Maybe that could change someday in the future? Who knows. I'm not waiting around on anyone; they don't deserve it
UEUEUE
US will break into 2-3 different countries u didnt listen to Bashar?
Again, you give too much Credit to the US government= Dollar
Too much credit?
USA $s circulating or held in reserves, is the same as when the wealthy hoard as much money & take it out of circulation, causing $ shortage & less $s to go around. Money held outside of the USA now, as apose to 5 yrs ago, is entirely outside of the US control, short of devluaing the USA $ the fed has few options for bring that money back, if nobody is reinvesting it into the US treasuries.