When Will De-Dollarisation Happen?
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- เผยแพร่เมื่อ 22 พ.ค. 2024
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In today's video, we delve into the global trend of countries moving away from the US dollar as the primary reserve currency. From examining the current status of the dollar to exploring emerging alternatives and their implications, this video offers valuable insights into the shifting dynamics of international finance. Join us as we discuss the challenges, opportunities, and potential consequences of this significant economic transition, and discover actionable strategies for safeguarding your wealth in an evolving financial landscape.
00:00 Start
00:31 Search for Alternatives of the US Dollar
2:16 Where is the Next Singapore
4:08 Impact on the US Dollar as the World Reserve Currency
5:58 Trends in Dollarization Since Y2K
7:38 Factors Driving the Shift Away from the Dollar
10:12 Potential Consequences of Dollar Depreciation
14:14 Strategies for Protecting Wealth Amidst De-Dollarisation
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I have middle class family in Latin America, and honestly I think they have a better quality of life than me in the US. I have a pretty good corporate job as an accountant, but I feel as if the bills are never ending because everything is so expensive here. The life style is also better in other places, where you can get better food and walk everywhere instead of being stuck in a car for hours.
Spot on . These are the reasons i moved back to Algeria after living 20 years in US
I just moved back to Mexico a year ago, after living in the US for 4 years, had a well paid corporate job, but my mental health was really bad. I've been enjoying life again.
You are absolutely correct.
@@TheMemin247 I hope to follow you very soon.
Yes, I say this every time I travel to Latin America from Cali. You can’t convince me the US is better now. Our govt is constantly trying to kill us here, for one. 😂
My brother is working in Iraq. They have recently gone through a huge disruption in production as the government said everyone can no longer get paid in dollars, it needs to be in UAE dirhams. Local workers went on strike. Eventually last week they were told sign on the dotted line or lose your job. They are back at work this week getting paid in dirhams.
dirham is pegged to the dollar. it's not a big change lol
Forgive my ignorance, but isn’t the UAE Dirham pegged to the dollar? Wouldn’t that effectively mean they are getting paid in dollars anyway?
IAE dirham is pegged to US dollar, any difference?
@@user_cv8wysmstt Dirham is pegged to the dollar so no real difference in pay. However local traders prefer to be paid in dollars, the Iraqi economy has become dollar based so workers don’t want dirhams.
It is a government move to stop dollars being used in the country.
@@MohamadAlb It doesn't have to be pegged to the dollar forever. Whereas the dollar will be the dollar always. Gives more political and economic options that don't exist with the dollar.
Happens slowly... slowly... Then quickly all of a sudden...
just like water dam. leaking leaking leaking then collapse
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂
This situation has been described as a "slowly boiling a frog" effect.
@@donhuang9855 If you see the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic have been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only.
This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough.
Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example
in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x.
The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer.
Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays.
When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before
I hope so!
We still need you alive bro!! Stop with the truth😂😂
💀
They can't kill us all....but they are trying
💯 😂
Don't stop. It's bursting all over the world. They can't stop the truth 🙃😂
Mr Henderson now not just helping himself.. he wants to help his country man as many as he can before it's too late.. yup. Any matters not to be count only for money..
The future is decentralized.
Decentralization will not be allowed by any of our governments. They are all totalitarian. It is just to what degree.
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago
regionalised. globalisation is shit.
you are absolutely right,even poor countries will develop one good city in the future
can we just go back to trading pokemon cards like in elementary school?
If you wore a mask during covid; all is well the economy is fine. If you want to feed your family I suggest leaving the country.
Excellent metaphor!
You can't afford it
I wear a Guy Fawkes mask, because it is just as (in)effective as a paper or cloth mask, and far more symbolic, and the government facial recognition surveillance cameras hate it.
And if they voted for biden ,this is their fault
@@MgtowRubicon Well played!
"Holding US Dollars is like holding ICECUBES"
That’s cold bro
Hahahaha
@@Deltron6060lol and what’s the real inflation rate?
snowflakes 😂
On point 🎯
the reason the USD is the reserve currency also has to do with the fact that its military helps protect its trade interests.
Investors trusts also … i mean Chinese yuan ? Good luck with that 😂
un coup de menace assasina et guerre tout ces morts pour votre papier de singe exemble ukrain apres c'est taiwan la guerre contre les brics pour votre démogratie bidon
hold gold and silver instead of dealing with fiat trash that are worse than US dollars.
And Bitcoin
@@bitcoinpoemspro1406leave the boomer alone! Horses have been used as a mode of transportation for over nine thooooooouuuusaaaaand years!
Like gold or silver aren't too a form of "fiat". The value of those metals is dictated by the market as well. They have no intrinsic value.
I prefer trusting a fiat currency that actually is backed up by a government than trusting a random piece of metal...
@@thailux6494 good for you, you do that.
Its decentralized no matter what the market says they have no control over the limited resources especcialy because of all the countries that hold it leaving it decentralized
Love your sensible, non-doomsday, "THE SKY IS FALLING" analysis that many other financial channels rely on to get clicks. Thanks! 🙏
The thumbnail says “End of the US Dollar?” with a burning greenback. I mean that’s hardly subtle.
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago
Yes of which they're as numerous as the stars!
It's hard to predict the exact timing, but many experts believe de-dollarization is a growing trend. As countries seek to diversify their reserves and reduce reliance on the US dollar, it could have significant implications for global markets.
Diversity is the name of global trade and commerce; no more using fiat USD that entrap nations for the sole benefits of the US economy, via QE, Interest rate hikes / tappering, aka Debt Trap.
NO NEED for a world reserve currency at all. It was more than branding back then, post WWII the US was the world's market and the market spoke. The free market still speaks, but the question is... who still has free enough markets to listen, today?
Bitcoin Baby 🍼💘🌎 but if you did Satoshi I would see you Bitcoin Financial Freedom., 🤔🇺🇲💯🌎👍 Bitcoin Rollercoaster 🎢 Ride ❤️
"Free Market" is only possible as long as the USA is winning on all fronts; however, when the USA is losing its hegemonic control over global trade and finances, free market economy becomes "self sustainable" planned economy under the guise of "national security", and "protecting the American way of life".
Those who have always had the hegemonic control aren't losing anything... they are the ones rolling out the new CBDCs... and where are they located? That's right... they are located everywhere! Going where you are treated best is really all you can do.
Andrew, you have really developed your ability to speak "off script "...like your dad. Well done.
Notice when Singapore was mentioned, on the screen always showed the 3 vertical buildings with one horizontal one on top of those 3 buildings?
That is Marina Bay and it was formally owned by Malaysia, until the US backed and funded opposition took over the Malaysian gov by lying and making unattainable promises which they did not intend to fulfil, and then started to sell all the income generated assets of the Malaysian gov built up by the former Prime Minister who was subsequently framed and put to trial.
An entiety in US openly admitted that they had bern funding that opposition for 15 years to topple that former gov.
with the intention of ruining Malaysia.
To top it all the DOJ, US announced that Malaysia was a kleptocrate country, but in actual fact US is the most corrupted and kleptocrate country in the world.
Almost all the Congressmen are corrupted which now had been exposed by many independant media.
US cannot see any country in this world grow in prospeirity. They would surely try to ruin the country.
Well said bro
corruption is built-in in us government as "lobbying". Kinda weird to have a system where "buying out politicians" is a feature, government is supposed to be for good of people, but in US it is for corporations really)
The US wasn't entirely to blame. The people were also guilty. Notice how much hate and slander these people spew over the past leaders? With citizens like these, the US didn't need to do much work.
In times of a world wide global military conflict, aka WW3, that particular building could be a prime military target as it could be mistaken for an aircraft carrier.
You guys only have yourself to blame. You already have a long stable and good UMNO in government but you guys Malaysians yourself claiming nepotism and kleptocrat bla bla on UMNO and since 2018 Malaysia have never be as stable and reliable as before.
Yeah, Malaysia still ok but pre 2018, Malaysia was a really solid stable country.
In the 60s my father worked as a bank teller. 100 dollar bills were too precious and were locked in the vault.
Because it's backed by gold unlike now it's just paper which central banks have full control and they print trillions a year
And these days 100 dollars feels like 20
De-Dollarisation is already happening, thank God. Karma for the US.
Great stuff Andrew. I love how you’re basically having a conversation with your viewers and bringing up potential arguments as you go. You are spot on. Love these videos and the Nomad Dad videos too. 👍
Thanks for the positive feedback! We're glad you enjoy the conversational style of the videos and find them insightful.
love the content and the book!
tips for young people that just started working?
things they can do to start off well?
Actually for U.S. citizens living in the United States. The less international trading is done in the U.S.D. the better it will be for us.
The reason why there is a never ending need to print more dollars and there never seems to be enough dollars for circulation within the United states ( regardless of how much is printed). Is because of the U.S.D being used as international trade currency. Because, it means there are always large lump sums of U.S. currency being held up in foreign banks. 1. U.S.D deflates in value within the U.S. borders (due to the volume required to meet global production/trade needs)
2. Lack of circulation of the U.S. currency, within the U.S. (since large sums are held up overseas.)
3. When these large sums flows back into the U.S. after adjusted inflation and public policies to compensates. The situation worsens as a sesaw effect sets in motion.
Using a domestic currency as a global trade currency.. Is just a bad idea for any nation. An secondary "escrow" currency, should have been created for the purpose of international trade/exchange.
A country's local domestic currency, should only be used within it's own boundries and should not be taken out of it's local economy.
Many thanks for your work. Always top notch videos.
Thanks for watching!
Thank you! As always I Love your videos. You’re colourful and I loved the imitations 🥰
Great presentation. Could you please explain why Argentina wants US dollars.
Argentina is moving in the right direction, they would be better off slowly improving their own currency. Hopefully their new President wil see this.
@@Fallout777 moving to $ is the right direction? What are you smoking? You are so high!
Must be a murrrrikhan
@@Fallout777they gone running back to China
Because their new leader is a sycophant of the US/Israel. He claims to be libertarian but if you look deeper you'll see he's more "USA conservative". Not that all his ideas are bad, but trying to cling to the USD? Bad idea these days.
@@Fallout777it appears the green backs are more valuable than PMs there, but best of all it’s very stable and merchants like receiving it.
Thanks Andre, I agree
There's one thing you didn't mention. Ease.
Why do the world need reserved currency at all? Because it makes trading easier. The reason money like Brazilian hasn't been in anywhere used as much is because it's difficult to calculate value of the currency with goods outside the country. USD is already calc for that and been used to calc. So it's easy to use it. When ease vs well, ease wins most of the time.
That's why I agree that USD will lose its status with some inertia. Last out, hurt the most. Reason being it is more difficult to use USD for some goods. One thing to push that is for US to cut China out of swift. When you want something, it will become difficult to calc USD to Chinese goods which are every consumables at this point. The more difficult it is, the less likely people will keep using it.
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago
De-dollarization can help end all these wars we get into 😮
You have no clue, aren't you? If American empire starts wars, it doesn't mean that wars stop with it's disappearance.
It's like Soviet Empire was in worldwide revolution and were helping out communists all around the world. No one helps communists nowadays. But wars didn't stop. They happened inside Soviet Union itself.
So you can see wars in the West itself (EU, Japan, Australia, Canada, USA...)
Printing machine re routes these printed dollar to war companies via fake wars
@@kotenoklelu3471well yeah, but see America always wants wars, because of money ofc, they especially like to fight Middle Eastern.
Nope that has nothing to do with it… the wars are not started because of the currency. Its called the military industrial complex. They are contracted with the government that has the most weaponry and strongest military in the world. Their business model makes money by starting wars. Alot of money. It comes by way of Tax dollars allocated through corrupt policy makers. None of the tax payers agree with it.
You'd get hyperinflation and massive poverty. Long live the dollar
Hey, I'm a dual US UK citizen, could you do a passport comparison on these?
it is called death by a thousand cuts, ironic that most of the cuts are self-inflicted.
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago
This Man tells the Unbiased Truth plainly
The problem of having a reserve currency is that it has to be better to have cash than to invest in production. In BRICS if you want money you need to go through the effort of producing, or in other words, be a hard worker to earn the money.
In the west, interests and capital gains become an incentive to not produce, because manufacture becomes a bother. But no production is the best formula for inflation.
Being proud to be an American is like being proud of having a luxury suite on the titanic after it hit the iceberg.
USA has a great history and did more in a shorter period of time than most countries.
@@soufiane4527 great history? Lol. Lmao even.
@@laillahilaallah001 Yep, 200+ years were enough to put their balls on half the world. I call that great. Not many country could say the same.
i went from uk to russia and the quality of life here is far better.
Because Russia gives two fingers up on carbon taxes
Because uk loot is over uk is broke running on ponzi banking stuff nothing left in uk if immigrants stop the uk eill collapse if they don't uk will have crimes skyrocket 🤣🤣
@@ssuwandi3240 no uk loot dried up and only banking services are keeping it alive soon it's going to collapse because asia is breaking the tunnel British built for white washing dictators money
Are you intellectually disabled?
Quality of life but for someone who sells their property in the West because in Russia this property is worth more and you can afford more for the money earned in the West.
Thanks for the insightful video! I wonder, what would happen if the US stops protecting the seas, as USD becomes less relevant in global trading and, thus, it wouldn't pay off as much as before? What would happen to other growing countries with regards to trading?
I like your painting or print that is behind you in the second video view. It is very pretty.
As a cold war veteran now retire in Hong Kong, operated business all over China as well as internationally. I can feel your pain by knowing very well Hong Kong will absolutely replace Wall Street with China as the prime driver as the global economic leader in decades to come, yet you have to be very careful with what you say because of the attacks from all the news reading zombies.
Absolutely correct.
Bring it!
The US Dollar is not great, it's not doing well. Enough of the US interfering in other countries. It would be good for BRICS & other countries to export in their own currency.
More importantly, its going to be backed by GOLD or Commodities or some intrinsic values other than FIAT USD printed by the trillions in an open-ended manner.
Very interesting perspective. I’m currently in Colombia and have been considering making this my home base, for reasons not mentioned in this video. However, it may not be a bad idea to have some assets here as well. Thank you for sharing.
That's wonderful to hear! Colombia can indeed offer many opportunities, and diversifying your assets can be a smart move. We have talked about it in this video: th-cam.com/video/6VNgXTXZ-Ps/w-d-xo.html
Very good video.
Good video, keep up the good work!
Thanks!
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago
Love your content. It was instrumental in motivating me to get other residencies and real estate abroad. If you want to see the frog in the boiling pot thing at work just spend some time away in another country and then come back. Just got back to Canada after a winter away and cannot believe the disintegration that has taken place in such a short time.
MY post dollar portifolio
20% gold
20% silver
10% miners
2o% foreign real estate
10 % foreign stock
10 % us stocks.
10% cash
I am a retired gringo in mexico. THE BIGGEST threat to my finances is the falling usd. MY SS check and pension are in usd. I need to move usd out of my Ira and into places the us gov has a harder time reaching.
Any thoughts??
all shit compared to BTC
@@know_ye_not actually I have 10% btc. Where did my numbers go wrong?
Q
I had a similar setup.
Dual citizenship. Passports.
Turned out 😂 I returned to the USA.
The theory sounds good but in practice, the USD is the cleanest dirty dog 🐕 in the neighborhood.
Keep cash. Get interest in a CD.
Buy extra food and practical items.
A good 2-3 years....and a bit extra for trading and bartering.
My experience with gold and silver.
Cash loss 📉 of 1/3. You must include premiums and for sales tax, in addition to spot price. Also, a rapid price increase = more 😂 people realize profit. Reality=> gold shops close their doors 🚪 😂just when you want to sell. No one to sell to.
Q❤
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago
Add bitcoin bro
Game Over!
Question-I live in Cambodia which uses the US Dollar as their main currency. I transfer my monthly Social Security funds from Fidelity via my debit card to withdraw US Dollars. When the US government switches to a digital dollar then how will I be affected? That being the case then would I only be able to withdraw the local currency only?
They plan on removing all cash all together your cash will be made less valuable than toilet paper.
Not financial advise as if a western tries to give it we can be sued.
HARD PRECUOUS METAL
GOLD
SILVER
COPPER
Everything’s off the table at that point once the digital dollar is here most of us will be slaves to a fake dollar that can be traced from anywhere as well as manipulated by those in power if I had any advice I’d say learn how to hunt/fish
If it is made of Paper it is not Money, it is an IOU for Money. Real Money is made of Metal and says "Liberty" on it.
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago
Cross rates on USD to our local UYU currency are a third to five times less than the cross rates for all other currencies. Using anything other than USD means giving more of your money to the casa de cambio.
He went there. 5:28
Chyna
If I went to China I could buy a BYD Tesla look alike for $10,000. Shipped to the USA, if the USA allowed it, I would pay 25,000. With tariffs added if it was allowed in the USA it would be $75,000. This screws the average American around $50,000 dollars. I realize the numbers aren't accurate but are a close proximity. Tariffs save jobs but is saving a job worth it when it makes manufacturing lazy here?
The US had more or less free trade in the last 30 years. The results are the manufacturing decline that has led to some of the biggest problems in the US.
Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago
Dude look at the tax on importing a car in China 😂
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nations are sick of imported inflation again and again (because of Over-Printing U$$D), disrupting their economic growth...
while us enjoy their spending spree without feeling guilty/shame for the world...
world-wide de-dollarization is inevitable and imminent, or is it?
The problem is when you go off the US dollar you must use your gold reserves and it also causes a lot of "inflation" that why for now with high oil prices no one wants to go off the US dollar not even the Chinese.
The fact that the question in the title is WHEN, not IF, tells it all.
I wish I knew how I could invest in Union pay. I think it will become the dominant payment method soon.
11:45 - Facts! "Are there really 4x bad people as last year?" - sanctions-wise.
held to maturity!
Yeah, why use USD for Nomad Capitalist Live in Kuala Lumpur? Since it is held in Malaysia, why not use MYR?
But the currencies of the UAE 🇦🇪 and Saudi 🇸🇦 are pegged to the US$.
In and of itself the requirement for people who, like you, seek to diversify to protect their assets against the instability will make the decline of the dollar more parabolic than linear. So what was 4x diversification over the last few decades will be 40x over the next.
You do a very good Trump impression 😂
Please tell should i leave my India passport for Canadian one ?
How about the Bradbury Pound principle!?
uae dirham, or saudia riyal - all directly connected to USD
Saudi riyal is not pegged with dollar that y they're joining brics 😂😂😂
Quite simply, the west is in decline. Is it so complex to understand that the only American Exceptionalism was our credit rating at the end of WW2? We are now in 35 trillion of debt that can never be repaid. The party has been had by others and now the smart people are looking to move someplace where the crime is low and you can actually enjoy some peace. For me it was Freeport in the Bahamas. If I ever have to travel back to the USA it will be too soon. I miss it zero.
If I had a billion dollars I would do all kinds of things to protect it, just like you suggest.
Unfortunately I don't so I just try to keep my country as safe and prosperous as possible and hope like most people that the world is not going to shit soon.
I see 3 reserve currencies with a currency above that for reconciliation.
BACKED BY WHAT 🤔
About sanctions, you need to ask what sanctions. Most sanctions are usually individual ones (frozen assets or travel bans), or bans in trade of arms and dual use goods.
I mean, look at russia, over 80% of all sanctions are individual ones, placed on oligarchs, the rest are mostly sanctions on russian companies that take an active role in the invasion of Ukraine, small part of sanctions are actually placed on country itself, and these are just bans on trade of things that help russia in their war like steel, dual use products, electronics, ect..
Sanctions are very rarely used in a way that would harm citizens.
I like what Michael Saylor said about the dollar. He said it was an ice cube and Bitcoin is the only solid asset. Gold devalues when the price rises due to more gold mining as well as hidden gold reappearing. But Bitcoin is programmed to deflate in half every 4 years. No asset does this.
😂😂😂😂 gold devalues, I guess you live under a rock 🪨 😂😂😂😂
Gold has never devalued historically. We are talking thousands of years of written human history. The only way gold would devalue is by mining asteroids or other planets...or if a giant meteor made of solid gold crashed into the Earth. You want to invest in Bitcoin, fine. But don't misconstrue things.
I’m in the USA and being involved with PMs and ETH cryptos I’m not seeing it yet. Are we not watching the dollar index with the two top influencers being the Euro and the Yen that aren’t what they were several years back.
A basket of goods, within gold oil,... would be a way more recurrent worth to adapt your own currency to, then a currency , specially an indefinitely expanding one - and would provide stability to all of us humans
This person is 💯% true I agree 👍
People saying that the US dollar will never end as a worldwide Reserve currency are the same people that would have said that the Titanic cannot sink.
I wonder how much is the US debt now.. if it goes too high how will the confidence in US T-bills...
US260B worth of trades in BRICS was done without using single us dime, and counting. That is new
I agree with a lot of this content.
Please state the facts concerning the Eurodollar! I follow Jeff Snider and Brent Johnson for much better insight and depth of understanding the Eurodollar
The USD will still be one of the Reserve currency for global trade and commerce albeit at a much lesser dominating influence, as the rest of the global trading economies have diversified to a few alternative global trading systems that give them more financial flexibilities, more political independences and control of their resources.
America is printing money through dollarization. It means it exports its inflation world wide. The question is why do you want to buy using USD if it makes you poorer. Buy oil from countries that dont sell it in USD or delay buy it.
The more you buy oil or goods in USD, the faster you get poorer.
For example
in 1997, in Indonesia (not my country), 1 USD = Rp 2,000. When Soros came manipulating USD, 1 USD = Rp 16,800. SOros to make the manipulation faster, he hired media and NGO to create a hoax that there was not enough dollars in the market. Thus panic buying happened and the USD hit 1 USD = Rp 16,800.
If those stupid people in the NGOs and stream media did not buy it, no one would buy the USD. Thus there would be no panic buying that made USD expensive.
Mahathir instead, has shown that USD demand can be manipulated. When the USD was expensive when Soros came, he made a decision who could exchange the USD for example he prioritized students living overseas to get USD easily than companies. By doing so, the USD demand dropped significantly.
Historically, petrodollar only occurred in months, not years. Meaning, if you avoid buying goods in USD such as oil, the USD will drop significantly.
If you see the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic have been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only.
This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough.
Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example
in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x.
The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer.
Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays.
When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before
Try the Aussie dollar. It's worth half a euro. You lose so much travelling around Europe :(
The fact that all stablecoins peg to USD instead of the globosouth currencies speaks volumes
Not Soon Enough
Counter point: Costa Rica is now considering dollarizing.
To answer the question. Henry Kissinger under Nixon brokered a deal with Saudi Arabia, US military power protection if OPEC would accept ONLY US dollars for oil. Thus creating the “Petrodollar” to replace the Gold backed dollar. There was a huge gold drain at the time because gold was very undervalued ($35/oz) 😂I purchased a stainless steel Sieko self winding watch for $18 while stationed in Asia. Nixon CLOSED the gold window in 1971. Ever since the us Government has been spending money like drunken sailors with free credit cards in a bórdelo.
Do you think it is worth getting a BRICS passport, since they are introducing a somewhat gold pegged currency which can possibly overthrow the dollar?
The Georgian currency won't become the world reserve? I'm of the opinion that the most absurd of the possibilities is the most likely, or the most entertaining of possibilities is the most likely. A trust? California is looking at taxing unrealized gains in trusts.
Euro exists for a long time
El Salvador is the next Singapore
Nope
I agree
Why? Pls elaborate.
@@Treasure_hunter_21 Tax free for foreign investors
Easy to acquire residency
One of the safest countries with the lowest crime rate in the world
Crypto friendly
Nice climate
@@Treasure_hunter_21 they basically obliterated their crime rate within two years by locking up all the gang members. Their president was also buying loads of Bitcoin for their country back when it was around 30k. First country to legalize Bitcoin as a form of payment. Their president is putting them on the right track
Bitcoin is unclaw-able. Thank you for the content. You’re a voice in the Western wilderness.
When will de-dollarisation happen, you ask? It's already happening.
Theres a video that just came out in which the question was given to Bidens economic advisor which was, if the US can print their own money why don't they just borrow from them selves. His response was commical .
China has very low inflation. It means sellers aren’t making as much which is always due to lower consumer spending.
Lower consumer spending across the globe will slow down economic growth across the board.
Fed's dollar was once a powerful tool based on an old American exonomic and mimitary strength that today no longer exist. Besides, the moral decay of the so-called american people only makes the Fed's debt green never to be repaid notes not just weaker but also despicable.
Iran started the dedollarization movement in the early 2000s.
It's happening slow then fast.
Moving to the USA today feels like about as sensible as moving to the USSR in the 80's
The US really does suck these days. Not the country I grew up in back in the 70s and 80s.
It’s no paradise, but have you seen what’s happening in the new “USSR”?
@@Beluleano like what?
I won't advise that, also Russia has no entertainment.
@@Madame702 it was just meant in relation to the USSR collapsing only a few years later and a similar fate awaiting the USA... seemed pretty self explanatory, but there i go assuming once again..
All Kingdoms have and had their prime glorious era. However they come to an end of their life span. Base on the USA trajectory, is inevitable that they'll miss the mark of their fall. Dollar is a good indicator.
The problem is that all the big alternatives are unstable both politically and economically. Small prosperous countries like Switzerland, Norway, Australia, and Singapore will always be options for investment.
I think its good dedollarization is happening, because that way, I can travel around the world, and not worry if I have enough dollars.
I'm half in bitcoin and half in fiat......❤
In a nutshell, buy bitcoin and transfer it into whatever currency you want.
I wonder the same thing.
It's not that it's fine it's that we need to stay robust and break out. I think my veiw is still sound that the USA has the best chance to come out on top forever. Food supply is an issue and reserve currency is great, but the world's refrigerator/Pantry is better.
This is one step in the direction of "You will own nothing, and be happy. "
I love your info Bro. We need to ask why Sadam and Gaddafi were offed? They both said they didn't want to sell their oil for US $s. They were making 381 billion(at 1 cent per US $) when everyone uses it. That partily paid for their millitary. Now that's coming down a lot. Watch your back.
That’s not the reason why there were deposed.
Though andrew asserted that today is the era of de-dollarisation but the stats still suggest the exact opposite. Until the petro-dollar system collapses could we officially state that the dollar is flimsy. For the next 2 decades, it will still maintain its supremacy and dominance.
That's a huge assumption with the state of the US government today.
If a country/wealthy man or company tried to dedollarize slowly, there would be signs : buying more gold and less US treasuries. Spending dollars to acquire assets, invest in infrastructures, and so on. No one is jumping the fence yet, but keeping doors open.
After the dollar gets hyperinflation it will not be replaced by another fiat currency, only Bitcoin would be trusted after that.