diplomatic influence and military force in the middle east to secure the dollar as the currency for oil trading is one of the primary reasons why dollar is used a lot in international trading and hence becomes a reserved currency. Many small economies also don't have the power to issue their currency based on government debt, instead they peg their currency on the dollar, which require them to hold dollar in reserves. The US as long used the dollar's dominate position to its advantage. First example, creating the international banking system known as SWIFT. Dollar money going internationally goes through SWIFT, which the US is monitoring the transactions. This is why if an entity in any nation tries do business with a country that US sanctions, such as North Korea or Iran, they can be caught by the US and sued by the US. Even though sanctioning the country is a political decision within the US, the international community as no bargaining power into that decision, there is no UN vote into that sanction decision. Internal US politics becomes international law. Second example, US government can continue issue US debt without much worry because countries need to ensure US dollar they are holding in their reserves continues to be stable. This is why you see governments around the world continues to buy up US debt whenever US has a financial/economic crisis even though these crisis has nothing to do with these governments. Its basically foreign governments financially assist the US's internal issues. For example, the financial crisis in 08 was caused by lack of government oversight into risky assets in the US. During the recovery, many countries around the world bought a ton of US debt to stabilize US economy. The federal reserve in the US can also do quantitative easing (QE) The fed buying US based debt using money it has printed, this essentially creates m0. But this increase in m0 has no corresponding increase in GDP. This has several effects. 1. reduces yield of US based debt held by other nations. 2. Reduces the purchase power of US reserves held by other nations Third, raising worth of the dollar during an economic crisis is because global investors dump riskier assets, such as those in developing economies, for comparatively safer assets in developed economies. QE and low interest rates might also increases the US dollar's worth as money in saving accounts and created during QE goes out into the stock and restate market, driving up the desire to own dollars and invest in the US. This capital flight from developing economies causes the price of their assets to fall and the value of their currency to fall. The first effect is that the citizens of the developing countries net worth is reduced as most of that is domestic currency denominated. Second, the lower worth of assets in developing economies allow investors using the dollar to re-purchase these assets at the lower price than when the capital left at a later date. As capital represents value and the movement of capital represent movement of value, this movement of capital represent a transfer of wealth from developing economy to developed economy. We see this whenever there is a global crisis that spokes the markets. Just look at how the Indian rupee fell against the dollar during and after the 08 financial crisis and 2020 financial crisis.
I like your sophisticated comment and agree with most statements you made. Not sure if I’d agree with all of them, though. To pick one: low rates always cause a currency to devaluate - that’s the most basic economic theory, right? Or do you mean that that impact is more than offset because US asset values grow, which attracts additional investments? If so, where is the evidence that this effect more than offsets the basic effect of lower rates devaluating a currency?
US dollar became so “powerful” only after US first terrorised the Middle East and then provided security to Saudis in exchange for them selling their oil exclusively for dollars. This system still stands. When Iraq started to sell its oil for alternative currencies, the US felt an urgent need to seed democracy there.
It's actually a private entity that lends money and sets intetest rates. There is a documentary i watched years ago called "From Freedom to Fascism" which explains role of the federal reserve among other things.
No need for a reserve when they can create infinite amount of money at a push of a button. the name is just to make it sound official, when it's just a layer of denial to the public about the govt actions... The better question is, who owns it? That's a mystery.
It's a privately hold bank by ancient bankers like Rothschilds and Morgan's. They stole stuff from everywhere and brought it back to usa. Now they print money and ask for more stuff like gold or arts in return for dollar loan they give out. Scam system
Currency depends on - Acceptance (by both and more parties) - Confidence (Its value has a track history of stability, reliability, and acceptance as common currency) - Reliability (No surprises. Its value is not subject to wide variation. This is also affected by how its managed, independentsly of politics in general) As long as the American Dollar is managed well, it has a consistent, reliable value which almost anyone globally can take as part of a transaction and in turn be exchanged again at some future time without an unexpected change in value.
Gold and silver can be exchanged for local currencies in most nations around the world. But these days not so much at banks anymore nor currency exchange booths located in airports. These days you’d have to exchange it at jewellers, coin and bullion dealers. But what is old often becomes new again, so it is possible that it may become mainstream once again in the future. 🤷♂️
In 1971 Nixon "temporarily" took the US dollar of the gold standard, after years of printing more dollars than they had gold to back it. After the US defaulted on all its debt in 1971, the fiat dollar rapidly lost a huge amount of value in terms of gold. Since then the US dollar has lost 97% of its purchasing power. It also opened the door to many price distortions over the years, as the Fed kept increasing the money supply and debasing the fiat currency. Today the Fed is little more than a printing press pretending to be a central bank.
Yes, but remember the other countries are over printing their currency too. And there are so many more dollars than anything else, the inflation rate will tend to be higher in the other countries. Thus the dollar is more stable than the others. The idea of Bitcoin and Ethereum is to counter all of this money printing. It will take time before people see what digital currency is and how it works.
And the lie of the system will always make itself fully visible for ALL to see. The Ponzi scheme that is being facilitated by the elite is nothing but a fantasy make believe shadow world of reality, pretending to be the real deal. All to keep the working class slaves busy enough, satisfied enough, to fight and protect the status quo, all while our masters hoard all the land, all the water, all the resources and claim it for themselves and they then use the system to regulate these resources to all the slaves who work and maintain the wealth, abundance, freedom, safety, and privilege of a very select few... this world really is Alice in wonderland through the looking glass! Pure insanity! How much longer can humanity live off of building and sustaining LIES?! freedom is going to work to pay for clothes, food, water, transportation, rent/mortgage, and taxes all in order....to go to work? What part of a living hell is that not? And that’s the best humanity can do?
@@soulg1969 "Inflation rate will always be higher in other countries" Wrong the Swiss franc gained 50 % in value compared to the US Dollar in the last 20 years.
because it is a myth. Oil prices nosedived into negative territory and the dollar still held its value. It holds its value because people trust it, and want it.
@@waterdrinkingexpert6797 even with crashing oil prices ,oil still remains the largest import worldwide. Why do you think they solved it so quickly? Opec and Russia took a few weeks only.
Speaking of which, China and other nations are so long tired of the USA over their printing out an estimated five hundred billion dollars, ($500 BILLIONS) worth of FREE DOLLAR BILLS, and dumping them into the global currency and banking market EVERY YEAR. Since the U.S dollar is a global currency, the USA is taking advantage as much it can, obviously so. Website with 4 million views says it all at, blog.chinadaily.com.cn/forum.php?mod=viewthread&tid=1795128
80% world trade by using USD .they monopoly this after ww2 .now its just to many dollar out there and the best thing its gonna flow to new asset .n i hope u guys know what asset by my mean .go to plan B🚀
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $275k bond/stock portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. Thanks for sharing!!
no the united states is a fake dollat cuba doesn,t use has better currency than the states venezuela will drop it and united states will start to fall like dominos,thje more countries use bit coin the less the dollar bnecomes
Who is gearing up for future industries? Is spacex and tesla from china or russia? Who has the edge in AI? Once again google and other american tech giants. That's the thing makes US economy powerful because they innovate and rest countries adopt to it.
@Batfox gaming, good comment. You forgot to mention the most valuable company in the world, Apple. Also, most people don’t know the most valuable commodity in the world isn’t oil, its data and America is doing just fine in that department.
Exactly, fereral reserve is printing like there is no tommorow. *$trillions* are being dumped into big corporations which then pay millions to their CEO's and fire workers. In few months to years, USD will lose so much value, my guess is lots of countries will stop using it. Imagine having like 75% of your country's reserve in a currency which starts losing 10%, then another 5%, next month yet another 10%... It was dumb in the first place to use USD. This argument is dumb ( *I don't know how much your currency is valued, hurr, durr* ), well look it up dummy, we have internet now. And who pays so much money in paper? All of this is done over online banking systems which kows the value of *every currency* , with just a few seconds of delay. My point is that every country should keep reserves in their own currency, and convert it on the fly when they do trade transactions. How difficult that can be?
Also 2/3 of debt in the world is nominated in USD as well. For the same reason as in the Indian and Canadian merchants, if a poorer country e.g. Argentina wants to take on international debt, the other party would not want it to be denominated in Argentinian peso, but in a relatively stable currency as the USD. Also Bitcoin is a wild concept for now as the world reserve currency, but In the long haul it is possible!
@@Palmways you embecile muppet ! gold has intrinsic value while dollar doesnt ,it is just a paper the Govert simply say it buys things otherwise it is a piece of paper with no intrinsic value at all .
that's what we call economy trade.. you want to buy something, money is the only thing you can buy anything.. that's is why dollar link to a gold...like a barter system..
@@lavishlyenigmatic you know that money link to gold? gold for big economy trade only... you want buy a coca cola with gold? ermmm.. i dont think so that you would do it... learn about financial, economy and trade..you will understand...
@i get it true. That's why I sell chicken to buy watermelon and I hope there's nothing to do with some greedy person who stockpile gold. Paper can't be stockpiled, thus ensures stability for the mean of transaction.
If US dollar was not a reserve currency, we will have hyperinflation by now. Federal reserve just announced printing of 2 trillion additional dollars for the CARE act. Protecting the reserve currency status of the dollar is a matter of national security.
Keep on going, and the chances are that you will stumble on something, perhaps when you are least expecting it. I never heard of anyone ever stumbling on something sitting down
@@jeffreyneesmith4953 Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
the full answer is the military power that allows that blackmail. No country has had it's currency as the reserve currency without an Empire..Ever! But, this Empire is one of the less controlling ones, the next one will not be so (less controlling)
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
@@christophercook7170 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
Why would $25 trillion in debt be a problem for a government with $350 trillion in assets? That’s just the government, think of the most valuable US companies that use the dollar.
@@drakemagma7214 If I ran a country, I would've made plans years ago to leave the US dollar after the economic crash of 2007/2008. It was a global recession. But I would do it secretly, explore and consider multiple different currencies as a back up, build up the currencies dollars for years, make sure it is better or as efficient as the USA dollar, and once we're fine economically. Drop the US dollar without warning the US and other foreign officials. Make us economically strong where sanctions will do little to nothing to us.
NON OF YOUR BILLS SLEPT. THEY KEPT ON BILLINGS AS YOU WERE SLEEPING. IN OTHER WORDS, YOU WOKE UP OWING MORE THAN YOU DID BEFORE SLEEPING. THAT'S WHY YOU NEED 'PASSIVE INCOME'. SO WHEN YOU SLEEP, YOU CAN ALSO MAKE MONEY, NOT JUST DEBTS.
@Et Immortalem ......first its not a rule for crisis , it has always been like that, our currency is not for international transactions, Our reserve back closely monitor movement of currency unlike dollar !!
OMG, I have a bad feeling now. I'm from Russia, and every time the authority and media started to talk about how strong Rubble is, well, you can have a look at USD/RUB in 2014-2015. That time they had especially strong opinion...
maybe you should research a little more before giving in to panic: Russia has been selling US Debt for years now and purchased a lot of Gold. It doesn't depend on the US Dollar anymore. Also, Russia can now afford an oil price war with Saudi Arabia as their Gold reserves allow it to stay solvent for many years. Heck, they could even back the Rubble with Gold now and make it a powerful reserve currency if they wanted to.
@@mullerstephan Actually it still does. It's true it sold off all of the US bonds (or almost all), but it keeps USD in the foreign exchange reserve. It has now about 444B USD in currencies (mostly dollars) to 110B USD in gold. Quite controversial construction for that amount instead of investing into infrastructure. Though yes, now it works quite fine.
Military fear, the threat of regime change, hot tub mishaps, falls from windows, traffic accidents, blackmail, heart attacks and any other way to twist an arm ALL insure the $ use. Any questions?
Dollar is strong because US have never "technically" defaulted on its obligations. It however have "defaulted by another name" when it went off the gold standard.
This is quite needful but for beginners you shouldn't settle alone or you see yourself loosing all your money. I thought of investing in bitcoin around Feb/July 2018 but was discouraged with the rise and fall of bitcoin. I don't know if it's still safe and ideal to invest now.
I lost my job a week before the pandemic took over and I thought my world was over because things fell apart for me , but little did I know it was a great step to greatness. Many will claim to be real but I must be sincere to tell you that Mrs Posten Amanda brought smile to my life with $2000 worth of bitcoins , today, ive been able to earn $20,000 and I'm planning to increase my Chance of investing more for a bigger returns
The US dollar holds value because America is stable, the American system works. From the beginning to the present America is the same nation, it has never collapsed, it has never been overthrown, the original system is still the same system 250 years later. America is solid and dependable, American money is solid and dependable, that will not change anytime soon, count on it.
Nope disagree. The Main reason why US dollar consider as world saving currency is: 1) International Monetary Fund IMF which located in USA has total control by US government despite the fact that is international organisation. And they have a huge pressure to this organisation by forcing them to give out all credit to other countries using only US dollar. Let’s say some third world country like Iran needs a money, they get them (US $$$) from IMF. Then in order to pay them back they would need to find a US $$$ which increases demand for $$$. This apply for all countries who asking a funds from IMF. 2) As we all know Saudi Arabia is one of the biggest country produced oil and gas. So US government had a good deal, by convincing Saudi Arabia or even worse threatening them, to sell their oil and gas only for US $$$ which also increases demand for $$$. In return US government promised to protect Saudi Arabia and help them improve their military power by sending military troops and equipments. Let’s say if China needs oil, they have to get US $$$ to pay for gas and oil. Does it make sense to you??? And there is so many other reasons as well
The IMF has a currency called SDR (special drawing rights). It is based on a basket of currencies that, of course, include the US dollar. This could be a replacement for the US dollar as the world’s reserve currency.
Hello I'm new to forex and I have been making huge loses but but recently I see alot of people earning from it, can someone please tell me what I'm doing wrong
The United States Dollars is no doubt the acceptable currency for international trades and other businesses. Since this is unarguable fact, you have nothing waiting for to invest in FOREIGN EXCHANGE MARKET which will benefit you today and take care of your tomorrow. Thanks for the video CBNC International.
There are many fake people online who parade themselves as the professional so don't get ripped. Get yourself the accredited professionals . The accredited ones are more reliable.
The Bitcoin market is home to endless financial opportunities, if you are not focused you will get sucked in crowd thinking, but thanks to expert Mrs Tessy for is contribution in the crypto space without her a lot of us will be lost in a day trading.
Bitcoin is fast rising and if you are lucky to have a good broker, then i believe you have absolutely nothing to worry about because you are in for a financial upliftment.
@@michealcliff4994 You are right my friend, a lot of people are ignorant to understand that Bitcoin is the future, in fact, i think is one of the best thing that has ever happened to our generation.
Don't forget the US military plays a part in maintaining the influence of the US Dollar. If the threat of leaving appears more costly than maintaining the status quo, the most rational option will be to maintain the status quo.
Any country's currency (although manipulated and speculated upon by financial players) is as strong as "purchasing power" of the country's population. "Purchasing power" may be artificially "enforced" by the country's credit institutions "feeding" credits to the population. The population's and national debt is relevant to this but beyond this view.
The reason why the US Dollar is so powerful is because it enables trade with the US. The US is the world's largest economy, everyone trades with it. The only way to have a currency that can rival it is if an economic and military superpower to rival the US was to emerge.
Good video, easy way to understand for beginners. I would like to add that 2 guys wanted to change currency of trading oil. Their names were Husain and Kadafi, both killed by Americans...hope i helped a little to understand why dollar is still so strong 😀
How does this whole bitcoin thing work, I'm interested in it and I'm willing and ready to invest heavily in it but I'm gonna need an assistant from any trusted and productive professional
The answer is very simple, because the dollar is backed by the United States and everything that represent economy, financially and politically speaking. If anything were to happen to the US, as many people seems to predict here, it doesn't matter what currency you have, its value will drop.
Exactly. Not to mention it's stupidly expensive to use cause you need a PC that works properly, you need several hard drives, and you need super secure passwords. If a currency is fully digital, it has all the disadvantages of computers. I want Bitcoin to overtake USD just as much as anybody but that won't be possible until the Bitcoin is easier/cheaper to aquire, has a physical form (Such as literal coins) and has no transaction fees what so ever.
In 1974, after the Yom Kippur War and Arab oil embargo, the Saudis (and from 1975 all other OPEC members) started to sell their oil at an inflated price and for US dollars only. As well as purchasing yachts, sports cars, palaces and private jets for Saudi princes, these petrodollars bought up US Treasury Bonds (effectively a loan to the US government at interest) funding the Cold War arms race and US aid to Israel. They also financed major arms deals with Anglo-American weapons manufacturers and the rest were deposited into US bank accounts. OPEC members account for almost half of global oil production and their insistence on payment solely in US dollars generates an artificial demand for American currency thereby increasing its value. This allows the Federal Reserve to inflate the US currency supply without the risk of hyperinflation. With a huge trade deficit and spiralling, unpayable debt, America increasingly depends on the petrodollar system to help maintain its global empire and high-energy consumer lifestyle. Iraq stopped selling its OPEC oil for US dollars in November 2000 following the launch of the euro. Waleed Higgins
How can the U.S. dollar be called a „global“ currency, if it is prohibited in countries like Iran and North Korea? In my opinion it‘s not global, if it is not available around the globe.
No. You talking about the exchange rate. That's not the value of a currency as a whole. Is how much with 1 dollar you buy of any other currency. The value of a currency comes from trust. I would take dollars in cash, not swiss franc.
@@OnePiece-fy2kt It is. The value of a currency is determined by supply and demand like everything else. The Swiss franc gained 50 % over the US Dollar in the last 20 years. It gained 50 % because the demand was higher.
@@zampy15021993 "I would take dollars over Swiss franc" Understandable if you live in the US. But the Swiss franc gained 50 % in the last 20 years compared to the US Dollars. This means people preferred to hold Swiss Franc comparatively (supply and demand). If you held dollar instead of Swiss franc in the last 20 years you would have lost money.
Isn't the rest of the world forced to buy oil in dollars, and that's why it maintains its strength relatively to all other currencies? 🤔
Oil was -$37 a barrel. Currency didn’t change value. Your theory was disproven.
@@dgilvani the demand will fall and it will create a wave of blowback.
Tré X yes petro dollar
I guess you live in US and don't realize the power of your currency
dgilvani it’s the fact not theory. Lol
diplomatic influence and military force in the middle east to secure the dollar as the currency for oil trading is one of the primary reasons why dollar is used a lot in international trading and hence becomes a reserved currency. Many small economies also don't have the power to issue their currency based on government debt, instead they peg their currency on the dollar, which require them to hold dollar in reserves.
The US as long used the dollar's dominate position to its advantage. First example, creating the international banking system known as SWIFT. Dollar money going internationally goes through SWIFT, which the US is monitoring the transactions. This is why if an entity in any nation tries do business with a country that US sanctions, such as North Korea or Iran, they can be caught by the US and sued by the US. Even though sanctioning the country is a political decision within the US, the international community as no bargaining power into that decision, there is no UN vote into that sanction decision. Internal US politics becomes international law.
Second example, US government can continue issue US debt without much worry because countries need to ensure US dollar they are holding in their reserves continues to be stable. This is why you see governments around the world continues to buy up US debt whenever US has a financial/economic crisis even though these crisis has nothing to do with these governments. Its basically foreign governments financially assist the US's internal issues. For example, the financial crisis in 08 was caused by lack of government oversight into risky assets in the US. During the recovery, many countries around the world bought a ton of US debt to stabilize US economy. The federal reserve in the US can also do quantitative easing (QE) The fed buying US based debt using money it has printed, this essentially creates m0. But this increase in m0 has no corresponding increase in GDP. This has several effects. 1. reduces yield of US based debt held by other nations. 2. Reduces the purchase power of US reserves held by other nations
Third, raising worth of the dollar during an economic crisis is because global investors dump riskier assets, such as those in developing economies, for comparatively safer assets in developed economies. QE and low interest rates might also increases the US dollar's worth as money in saving accounts and created during QE goes out into the stock and restate market, driving up the desire to own dollars and invest in the US. This capital flight from developing economies causes the price of their assets to fall and the value of their currency to fall. The first effect is that the citizens of the developing countries net worth is reduced as most of that is domestic currency denominated. Second, the lower worth of assets in developing economies allow investors using the dollar to re-purchase these assets at the lower price than when the capital left at a later date. As capital represents value and the movement of capital represent movement of value, this movement of capital represent a transfer of wealth from developing economy to developed economy. We see this whenever there is a global crisis that spokes the markets. Just look at how the Indian rupee fell against the dollar during and after the 08 financial crisis and 2020 financial crisis.
thank you for such a informative and objective post
Informative
So informative , thank you for sharing.
I like your sophisticated comment and agree with most statements you made. Not sure if I’d agree with all of them, though. To pick one: low rates always cause a currency to devaluate - that’s the most basic economic theory, right? Or do you mean that that impact is more than offset because US asset values grow, which attracts additional investments? If so, where is the evidence that this effect more than offsets the basic effect of lower rates devaluating a currency?
Well explained
US dollar became so “powerful” only after US first terrorised the Middle East and then provided security to Saudis in exchange for them selling their oil exclusively for dollars. This system still stands. When Iraq started to sell its oil for alternative currencies, the US felt an urgent need to seed democracy there.
uP
True.
If this is was Twitter I will retweet 100%
"democracy"
Kadafi was next one with the same reason.
The Federal Reserve is neither “federal” nor a “reserve”...it’s not a bank.
It's actually a private entity that lends money and sets intetest rates. There is a documentary i watched years ago called "From Freedom to Fascism" which explains role of the federal reserve among other things.
No need for a reserve when they can create infinite amount of money at a push of a button. the name is just to make it sound official, when it's just a layer of denial to the public about the govt actions... The better question is, who owns it? That's a mystery.
The feds have no reserve, just a lot of people who know how to cook the books...
@@hosackies The Rothschilds
It's a privately hold bank by ancient bankers like Rothschilds and Morgan's.
They stole stuff from everywhere and brought it back to usa.
Now they print money and ask for more stuff like gold or arts in return for dollar loan they give out. Scam system
Currency depends on
- Acceptance (by both and more parties)
- Confidence (Its value has a track history of stability, reliability, and acceptance as common currency)
- Reliability (No surprises. Its value is not subject to wide variation. This is also affected by how its managed, independentsly of politics in general)
As long as the American Dollar is managed well, it has a consistent, reliable value which almost anyone globally can take as part of a transaction and in turn be exchanged again at some future time without an unexpected change in value.
The dollar is also backed up by most products manufactured in the world as they have US intellectual properties.
Gold and silver can be exchanged for local currencies in most nations around the world. But these days not so much at banks anymore nor currency exchange booths located in airports. These days you’d have to exchange it at jewellers, coin and bullion dealers. But what is old often becomes new again, so it is possible that it may become mainstream once again in the future. 🤷♂️
In 1971 Nixon "temporarily" took the US dollar of the gold standard, after years of printing more dollars than they had gold to back it. After the US defaulted on all its debt in 1971, the fiat dollar rapidly lost a huge amount of value in terms of gold. Since then the US dollar has lost 97% of its purchasing power. It also opened the door to many price distortions over the years, as the Fed kept increasing the money supply and debasing the fiat currency. Today the Fed is little more than a printing press pretending to be a central bank.
Yes, but remember the other countries are over printing their currency too. And there are so many more dollars than anything else, the inflation rate will tend to be higher in the other countries. Thus the dollar is more stable than the others. The idea of Bitcoin and Ethereum is to counter all of this money printing. It will take time before people see what digital currency is and how it works.
And the lie of the system will always make itself fully visible for ALL to see. The Ponzi scheme that is being facilitated by the elite is nothing but a fantasy make believe shadow world of reality, pretending to be the real deal. All to keep the working class slaves busy enough, satisfied enough, to fight and protect the status quo, all while our masters hoard all the land, all the water, all the resources and claim it for themselves and they then use the system to regulate these resources to all the slaves who work and maintain the wealth, abundance, freedom, safety, and privilege of a very select few... this world really is Alice in wonderland through the looking glass! Pure insanity! How much longer can humanity live off of building and sustaining LIES?! freedom is going to work to pay for clothes, food, water, transportation, rent/mortgage, and taxes all in order....to go to work? What part of a living hell is that not? And that’s the best humanity can do?
@@soulg1969 "Inflation rate will always be higher in other countries"
Wrong the Swiss franc gained 50 % in value compared to the US Dollar in the last 20 years.
I just left that video also. Very informative.
@@SawChaser Fair point, but I'm not turning in my USD for francs just yet!
How the hell do you not talk about the Petrodollar system. Wtf?
MSNBC fake news propaganda
because it is a myth. Oil prices nosedived into negative territory and the dollar still held its value. It holds its value because people trust it, and want it.
@@waterdrinkingexpert6797 even with crashing oil prices ,oil still remains the largest import worldwide. Why do you think they solved it so quickly? Opec and Russia took a few weeks only.
Repent of your sins and follow Jesus Christ Almighty.
Speaking of which, China and other nations are so long tired of the USA over their printing out an estimated five hundred billion dollars, ($500 BILLIONS) worth of FREE DOLLAR BILLS, and dumping them into the global currency and banking market EVERY YEAR. Since the U.S dollar is a global currency, the USA is taking advantage as much it can, obviously so.
Website with 4 million views says it all at, blog.chinadaily.com.cn/forum.php?mod=viewthread&tid=1795128
You missed the point when Kissinger threatend King Faisal of KSA to trade all oil only in USD or else they will destroy the kingdom.
They wanted protection
destroy the kingdom? More like "inject some freedom and democracy" lol
They made a stupid mive.
Open Ranks that’s the illusion of fighting for freedom.
80% world trade by using USD .they monopoly this after ww2 .now its just to many dollar out there and the best thing its gonna flow to new asset .n i hope u guys know what asset by my mean .go to plan B🚀
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise
Bitcoin trading right now will be at every wise individuals list. In few minutes you'll be ecstatic with the decision you made today
Bitcoin trading nowadays is a big chance to make money
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With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $275k bond/stock portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. Thanks for sharing!!
@@lailaalfaddil7389I also like scams!
1:17 The US Dollar is strong because people wanna hold the US Dollar and they wanna hold it because it's strong. Circular logic.
Until one day the illusion of strength disappeared and the circle is broken. Never to be put back together again.
no the united states is a fake dollat cuba doesn,t use has better currency than the states venezuela will drop it and united states will start to fall like dominos,thje more countries use bit coin the less the dollar bnecomes
Who is gearing up for future industries? Is spacex and tesla from china or russia? Who has the edge in AI? Once again google and other american tech giants. That's the thing makes US economy powerful because they innovate and rest countries adopt to it.
@Doutor Enéas Then what other thing?
@Batfox gaming, good comment. You forgot to mention the most valuable company in the world, Apple. Also, most people don’t know the most valuable commodity in the world isn’t oil, its data and America is doing just fine in that department.
Feels like propaganda before inflation increases
Woke!
for bitcoin? :P
Exactly, fereral reserve is printing like there is no tommorow. *$trillions* are being dumped into big corporations which then pay millions to their CEO's and fire workers. In few months to years, USD will lose so much value, my guess is lots of countries will stop using it. Imagine having like 75% of your country's reserve in a currency which starts losing 10%, then another 5%, next month yet another 10%... It was dumb in the first place to use USD. This argument is dumb ( *I don't know how much your currency is valued, hurr, durr* ), well look it up dummy, we have internet now. And who pays so much money in paper? All of this is done over online banking systems which kows the value of *every currency* , with just a few seconds of delay.
My point is that every country should keep reserves in their own currency, and convert it on the fly when they do trade transactions. How difficult that can be?
Propaganda? To what end? Dollar is King, and will be for years to come.
inflation comes to the world before us. because dollar would still be the most credited currency.
Here in Lebanon 🇱🇧 we heavily depend on the U.S dollar, currently the shortage of dollar here are causing an economic crisis.
Karim i think the economic crisis is caused by the government first.
@@airsaken Totally agree! The entire situation started because of their poor financial planning and the politicians corruption.
Can the IMF help?
U guys should start using bitcoin instead of this paper trash.
J John bitcoin is worthless and has zero intrinsic value...
Gadaffi tried to make the Dinar a viable competitor to the Dollar
but they killed the idea and the idealist.
Yes
Also 2/3 of debt in the world is nominated in USD as well. For the same reason as in the Indian and Canadian merchants, if a poorer country e.g. Argentina wants to take on international debt, the other party would not want it to be denominated in Argentinian peso, but in a relatively stable currency as the USD. Also Bitcoin is a wild concept for now as the world reserve currency, but In the long haul it is possible!
At the end of the day, money is still only paper that we put value on.
Nanachi of the abyss so is gold, just a shiny metal that we put a value on
@@Palmways you embecile muppet ! gold has intrinsic value while dollar doesnt ,it is just a paper the Govert simply say it buys things otherwise it is a piece of paper with no intrinsic value at all .
that's what we call economy trade.. you want to buy something, money is the only thing you can buy anything.. that's is why dollar link to a gold...like a barter system..
@@lavishlyenigmatic you know that money link to gold? gold for big economy trade only... you want buy a coca cola with gold? ermmm.. i dont think so that you would do it... learn about financial, economy and trade..you will understand...
@i get it true. That's why I sell chicken to buy watermelon and I hope there's nothing to do with some greedy person who stockpile gold. Paper can't be stockpiled, thus ensures stability for the mean of transaction.
Ahhh. Damn. The dollar is in trouble now. Why did they suddenly post this video to say it’s strong and stable out of no where
Anthony Fam because they don’t want you dumping it
Kevin O'Donnell precisely. But that’s what could happen, if a few dominoes start to fall...
Propaganda
Anthony Fam that’s the same thing I said
To myself and I taught this video was old until he mention the C 🦠
Anthony Fam US$ is just about to crash!!
If US dollar was not a reserve currency, we will have hyperinflation by now. Federal reserve just announced printing of 2 trillion additional dollars for the CARE act. Protecting the reserve currency status of the dollar is a matter of national security.
Now more than ever...
True
Given the importance of the dollar worldwide I would say it is an issue if international security
Very good, the United States produces dollars and the world produces goods. This is a perfect deal, right?🤣
The only place where success comes before work is in the dictionary
Keep on going, and the chances are that you will stumble on something, perhaps when you are least expecting it. I never heard of anyone ever stumbling on something sitting down
Some people dream of success while others wake up and work
@@alexmorris6222 Success isn't just about what you accomplish in your life; it's about what you inspire others to do
@@alexmorris6222 by Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit
@@jeffreyneesmith4953 Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
As Americans, it's our duty to keep the dollar powerful.
Strong $ hurts US export! So, that is a double edge sword!
No. It is best for the world that it collapses
Federal reserve works daily to reduce the value of the dollar.
So you have a failed mission plan .
@@Prettylittlegleek14dream😁😁😁👉🤡
@@Prettylittlegleek14If i may ask why?
Short answer: blackmail with saudi arabia(using military power)..
Oh and what’s the colors of the Italian flag? The Mexico flag?
PetroDollar
correct
the full answer is the military power that allows that blackmail. No country has had it's currency as the reserve currency without an Empire..Ever! But, this Empire is one of the less controlling ones, the next one will not be so (less controlling)
China testing bomb to catching up USA dollars
Great video but one important argument is missing: the structural US trade deficit. This reliably sends dollars into the world.
Short answer the US Military.
Honest Answer : Petrodollar
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@christophercook7170 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@davidmike6847 That's very correct sir!!
And that is why most of them end up losing they money to scammers.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
The long term are doing well while the short term trade requires precision in its execution but gosh, they do amazing when you're on the right side
Trading is very profitable with the of a seasoned broker managing your trading account
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US dollar is now like a lot of big companies “too big to fail”
remember toys r us also bankcrupt ahahahahah
@@ezat929 Nokia also!
worthless
Rome empire thought this too
it fails, its fiat remember? all fake and crypto will soon take over. in 10 years from now only oldies like us will remember the usd
Dollar is powerful because those who opposed him ameriki agents declare war against them. Libiya and Iraq are examples.
Great 👍
Youre so deep brainwashed,
The truth is all nations are not perfect and need to respect one and another is the correct way.
Gaddafi wanted to introduce a Gold based currently. Look what happened to him..
He wanted to use Golden Dinar in oil trade, and control water in the North Africa.
@@PatriotGamesRedefined and start a common bank and a Union (like EU) In Africa
See what's happening to Iran..
@@mtwata One invinsible enemy that you guys can't defeat is COVID-19
adminmovie
yeah the CBD Central Bank Dynasty assisted his suicide same way it did with Epstein
Today it's not about return ON capital. Today it is about return OF capital
The US dollar is intrinsically over-valued.
Trade restrictions and US debt are strong motivation to eventually move away from the USD
@@ecki153 lmaooo keep living in a delusional world
Why would $25 trillion in debt be a problem for a government with $350 trillion in assets? That’s just the government, think of the most valuable US companies that use the dollar.
@@305Nick USD will fail so bad that you better leave it before it happens
@@drakemagma7214 If I ran a country, I would've made plans years ago to leave the US dollar after the economic crash of 2007/2008. It was a global recession. But I would do it secretly, explore and consider multiple different currencies as a back up, build up the currencies dollars for years, make sure it is better or as efficient as the USA dollar, and once we're fine economically. Drop the US dollar without warning the US and other foreign officials. Make us economically strong where sanctions will do little to nothing to us.
@@drakemagma7214 wet dreams idiot 😂
This dudes just walking around the mall taping this news piece lol 😂
I got 200USD in travellers cheque that I cant cash out anywhere lmao.
@IMxYOURxDADDY Ok give me ur credit card info
go to bank and get cash
I'll give you $175! !! LOL
@@davelawson2564 all the local banks has stopped accepting them.
NON OF YOUR BILLS SLEPT. THEY KEPT ON BILLINGS AS YOU WERE SLEEPING. IN OTHER WORDS, YOU WOKE UP OWING MORE THAN YOU DID BEFORE SLEEPING. THAT'S WHY YOU NEED 'PASSIVE INCOME'. SO WHEN YOU SLEEP, YOU CAN ALSO MAKE MONEY, NOT JUST DEBTS.
Why is the dollar so powerful?
Money printer go ... brrrrrrrrrrrrrrrrr
AmarNathan he’s being sarcastic. It’s an inside joke from another TH-camr but in reality he might have a point
@AmarNathan lol if youtube support image post, you should be laughing now.
Other countries have that technology also. It's not that easy lol
printing non-stop.
A website with 4 million views says it all at, blog.chinadaily.com.cn/forum.php?mod=viewthread&tid=1795128
Funny part is all that printing is driving the price down.
As long as the US has the strongest military in the world, the USD will remain the reserve currency.
"To the Victor go the spoils"
Bitcoin: Lol
But who owns the US?
But the US needs money to fund its military and is getting more and more in debt.
Guess what? Every country is getting more and more in debt.
@@picturetaker3997 even the video ur watching in youtube makes money to the USA indirectly
Its illegal to take Indian currency out of its borders.
No freedom in india
@Et Immortalem ......first its not a rule for crisis , it has always been like that, our currency is not for international transactions, Our reserve back closely monitor movement of currency unlike dollar !!
@@ROTHSTEIN01 .....what is the use of rupees outside India and what it has to do with freedom ?
OMG, I have a bad feeling now. I'm from Russia, and every time the authority and media started to talk about how strong Rubble is, well, you can have a look at USD/RUB in 2014-2015. That time they had especially strong opinion...
Well you can't trust authorities in democracies what do you expect from a de facto dictatorship?
I know this sounds crazy but Apple is more powerful than Russia.
maybe you should research a little more before giving in to panic:
Russia has been selling US Debt for years now and purchased a lot of Gold. It doesn't depend on the US Dollar anymore. Also, Russia can now afford an oil price war with Saudi Arabia as their Gold reserves allow it to stay solvent for many years. Heck, they could even back the Rubble with Gold now and make it a powerful reserve currency if they wanted to.
@@mullerstephan Actually it still does. It's true it sold off all of the US bonds (or almost all), but it keeps USD in the foreign exchange reserve. It has now about 444B USD in currencies (mostly dollars) to 110B USD in gold.
Quite controversial construction for that amount instead of investing into infrastructure. Though yes, now it works quite fine.
@@mullerstephan No nation is stupid enough to go back on the gold standard. You will never see that again
Well what do you expect when the Federal Reserve has the money printer running 24/7 🖨
Military fear, the threat of regime change, hot tub mishaps, falls from windows, traffic accidents, blackmail, heart attacks and any other way to twist an arm ALL insure the $ use.
Any questions?
Your explanations are always clear, didactics and complete. Thanks!
many historic inaccuracies, but okay...
It's strange that people outside of the US need US dollar when they don't import anything from the US
Aren't they already importing $$$?
Nothing strange, the US dollar became the universal replacement to gold.
@@felixbeltran957 The United Nations should replace it with an international currency .
Because there has to be a standardised currency. Else how can you compare prices?
Not strange if us have multiple camps outside to lookout for countries that didn't wanna use usd
Dollar is strong because US have never "technically" defaulted on its obligations. It however have "defaulted by another name" when it went off the gold standard.
The dollar can be so powerful if implemented wisely and making it work for you and not just having it, because they can loose grounds to Inflation
Yet most people ignore that, they automatically think they have that last part all figured out and it's a mistake.
This is quite needful but for beginners you shouldn't settle alone or you see yourself loosing all your money. I thought of investing in bitcoin around Feb/July 2018 but was discouraged with the rise and fall of bitcoin. I don't know if it's still safe and ideal to invest now.
It's not because of ignorance but people are scared of investing because of the high rate of scam in the business
Dorris Moore, there are scammers but real brokers are out there for investors too
I lost my job a week before the pandemic took over and I thought my world was over because things fell apart for me , but little did I know it was a great step to greatness. Many will claim to be real but I must be sincere to tell you that Mrs Posten Amanda brought smile to my life with $2000 worth of bitcoins , today, ive been able to earn $20,000 and I'm planning to increase my Chance of investing more for a bigger returns
The US dollar holds value because America is stable, the American system works. From the beginning to the present America is the same nation, it has never collapsed, it has never been overthrown, the original system is still the same system 250 years later. America is solid and dependable, American money is solid and dependable, that will not change anytime soon, count on it.
Who else here before the great monetary crisis of 2020?
hahaha, yea me.
World... please prepare in next 1 or 2 months.
still waiting
US Dollar is strong because of Petro Dollar
What petro?
Oil
Nope disagree. The Main reason why US dollar consider as world saving currency is: 1) International Monetary Fund IMF which located in USA has total control by US government despite the fact that is international organisation. And they have a huge pressure to this organisation by forcing them to give out all credit to other countries using only US dollar. Let’s say some third world country like Iran needs a money, they get them (US $$$) from IMF. Then in order to pay them back they would need to find a US $$$ which increases demand for $$$. This apply for all countries who asking a funds from IMF.
2) As we all know Saudi Arabia is one of the biggest country produced oil and gas. So US government had a good deal, by convincing Saudi Arabia or even worse threatening them, to sell their oil and gas only for US $$$ which also increases demand for $$$. In return US government promised to protect Saudi Arabia and help them improve their military power by sending military troops and equipments. Let’s say if China needs oil, they have to get US $$$ to pay for gas and oil. Does it make sense to you??? And there is so many other reasons as well
I felt good when I seen Uptin is going to explain in the video , I feel clear in understanding .
The IMF has a currency called SDR (special drawing rights). It is based on a basket of currencies that, of course, include the US dollar. This could be a replacement for the US dollar as the world’s reserve currency.
it is not a currency in truest sense
Great analysis as always
America is so capitalist that I won't be surprised to find those money's printer machine on Ebay. 😂
Have you bought one yet
@@luckysaigonese2537 I will keep my eyes on Ebay for that and will keep you posted. 👌
Hate all you want but America won WWII we won the world. 😍
@@loveormoney786 we will and you deserve to be hated
Also (good luck with inflation)
sold by FBI
U want some...freedom?? Brrrrrrrrr...!! (printing US dollars)
I am in freedom
I keep my salary saving in bitcoin (superior asset) and i spend fiat (inferior asset)
Hahaha Fed Money Printer go Brrrrrr
Best comment 😂
Isn't the rest of the world forced to buy oil in dollars, and that's why it maintains its strength relatively to all other currencies? truth
But hey the US is now incentivising other countries to create alternatives
We should go back to gold, or start accumulating bearer bonds.
Gold got us into this mess to begin with. Bitcoin improves upon gold’s disadvantages.
Why gold and not tinfoil?
1:36 Political and Economic stability? ROFL
He isnt talking about the simple peasants like you or me.
Yeah compare it to other countries like in the middle east, we do have that
Hello I'm new to forex and I have been making huge loses but but recently I see alot of people earning from it, can someone please tell me what I'm doing wrong
You need a professional Brooker to trade for you
@@robinsonwalker805 You are right a good Brooker is the key to a successful trading
@@josediego2109 that's the simple fact
@@robinsonwalker805please help me I don't thinks is easy getting a legit manager at this time
@@lewiskelvin5065 It's quit simple if a legit manager like expert Mrs Jennifer Allen handle your trade, I've made alot from her platform
1. USA is country size of continent
2. The Petro dollar, almost all oil rich arab countries trade oil with USD.
What in the hell does size has to do with anything?
size matters with trade, and location. The U.S has both of those going for them
3:02 ALL that gold 💎 💎
Very informative thank you. 😊
You should read "The Accidental Superpower", " The Absent Superpower" and "Disunited Nations" by Peter Zeihan.
US's military budget says it all.
@Guido in Colma
Or more correctly "democracy" to those that try to dump the dollar.
The United States Dollars is no doubt the acceptable currency for international trades and other businesses. Since this is unarguable fact, you have nothing waiting for to invest in FOREIGN EXCHANGE MARKET which will benefit you today and take care of your tomorrow. Thanks for the video CBNC International.
That is indeed insightful.
You can achieve this by investing with a professional expert who will handle your investment for you.
There are many fake people online who parade themselves as the professional so don't get ripped. Get yourself the accredited professionals . The accredited ones are more reliable.
I invested through PATRICE ANN ISABELLA and have made more than envisaged profits and still counting..She is available on the web...
The internet has created more impact in our life, financially, socially and otherwise, for the betterment of our lives.
The Bitcoin market is home to endless financial opportunities, if you are not focused you will get sucked in crowd thinking, but thanks to expert Mrs Tessy for is contribution in the crypto space without her a lot of us will be lost in a day trading.
Bitcoin is fast rising and if you are lucky to have a good broker, then i believe you have absolutely nothing to worry about because you are in for a financial upliftment.
@@michealcliff4994 You are right my friend, a lot of people are ignorant to understand that Bitcoin is the future, in fact, i think is one of the best thing that has ever happened to our generation.
Bitcoin is rising like wide fire 🔥
@Larry Jay Self trade is too risky if you don't have the knowledge and strategies on how to trade and read margins.
Don't forget the US military plays a part in maintaining the influence of the US Dollar. If the threat of leaving appears more costly than maintaining the status quo, the most rational option will be to maintain the status quo.
You are missing the main reason of the dollar's strength. Petro dollar.
Official currency of US but it’s printed by a private bank????
Printed by Dept of Treasury.
@@ChrisGilliamOffGrid Wrong, printed by Federal Reserve
Any country's currency (although manipulated and speculated upon by financial players) is as strong as "purchasing power" of the country's population. "Purchasing power" may be artificially "enforced" by the country's credit institutions "feeding" credits to the population. The population's and national debt is relevant to this but beyond this view.
The reason why the US Dollar is so powerful is because it enables trade with the US. The US is the world's largest economy, everyone trades with it. The only way to have a currency that can rival it is if an economic and military superpower to rival the US was to emerge.
Good video, easy way to understand for beginners. I would like to add that 2 guys wanted to change currency of trading oil. Their names were Husain and Kadafi, both killed by Americans...hope i helped a little to understand why dollar is still so strong 😀
BRITISH LIKE : hold my Sterling Pound 💷
look very cheap right now... can i get ferrari for the price of toyota... look at exchange rate... yes i can..
Change dollar market
I agree, I live in Asia but we trade in US dollars in our office!!
Why tf he filming in a coffee shop😂
Excellent analysis of the power of the US dollar
Dollar: I am the most powerful currency
Coronavirus: I am 'bout to end this man's whole career.
The USD has only gotten stronger as a result of the pandemic. That's what it means to be a safe haven currency - did you not watch the video?
ncfo20 wow , and you actually believe CNBC lol
@@adrianamunteanu6493 Nothing to do with CNBC. I'm actually a forex dealer in New Zealand so I know far more about the forex market than you do.
CNBC: Why is the dollar so powerful?
Jay Powell & The Federal Reserve: Hold our beers
*Money Printer go BRRRRRRR*
@Athari Abdulla why are you asking help from a random netizen on youtube a money?
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise
For real it's very profitable
How does this whole bitcoin thing work, I'm interested in it and I'm willing and ready to invest heavily in it but I'm gonna need an assistant from any trusted and productive professional
You don't really need someone to tell you how to invest your coins, you can make research on your own and also try doing it yourself first.
I will recommend BrainLarry Trading Services for you their strategies is working for me at the moment and making good profit from bitcoin
Wow I'm just shocked you mentioned and recommended BrainLarry Trading Services, I thought people don't know them... they're really awesome!
Why no one stocks up on Chinese Renmibis? World´s second highest GDP country.
Because they debase its value too much
I think DC/EP will do the trick
@Alex Mercer I'm definitely not crying little petty ass dude. I'm just stating facts guy.
Where ist he place in the beginning 0:10. It looks awesome
Why is the US Dollar so powerful?
Kuwait: *hold my camel*
I am Cambodian. And Yeah, we actually use both our Khmer Riel and US dollar even in daily life.
Who wants to own/hold some Chinese Yuan, for trustworthiness and stability?
CNBC International, good video! Mexican peso! Enjoy your Wednesday!💯😍
The answer is very simple, because the dollar is backed by the United States and everything that represent economy, financially and politically speaking. If anything were to happen to the US, as many people seems to predict here, it doesn't matter what currency you have, its value will drop.
Thanks for the informative video.
4:00 “Efficient banking system” best joke ever.
What happened 2008? Lol
to all you non english speakers,
effective, the best, ... doesn't mean 100% or fool proof.
@@mariacheebandidos7183 "to all you non english speakers ... full proof"
LOL
@@SawChaser like the comment suggests, not a 100%. there's going to be errors, human error, machine error...
@OceanBlue London, Hong Kong, Singapore and Zürich are also global leaders.
01:18 that dudes bad hair dye never fails to shock me. Just when I thought I got used to it, I didnt
Bitcoin's high fees has disqualified it from taking over the dollar.
Exactly. Not to mention it's stupidly expensive to use cause you need a PC that works properly, you need several hard drives, and you need super secure passwords. If a currency is fully digital, it has all the disadvantages of computers. I want Bitcoin to overtake USD just as much as anybody but that won't be possible until the Bitcoin is easier/cheaper to aquire, has a physical form (Such as literal coins) and has no transaction fees what so ever.
In 1974, after the Yom Kippur War and Arab oil embargo, the Saudis (and from 1975 all other OPEC members) started to sell their oil at an inflated price and for US dollars only. As well as purchasing yachts, sports cars, palaces and private jets for Saudi princes, these petrodollars bought up US Treasury Bonds (effectively a loan to the US government at interest) funding the Cold War arms race and US aid to Israel. They also financed major arms deals with Anglo-American weapons manufacturers and the rest were deposited into US bank accounts.
OPEC members account for almost half of global oil production and their insistence on payment solely in US dollars generates an artificial demand for American currency thereby increasing its value. This allows the Federal Reserve to inflate the US currency supply without the risk of hyperinflation. With a huge trade deficit and spiralling, unpayable debt, America increasingly depends on the petrodollar system to help maintain its global empire and high-energy consumer lifestyle. Iraq stopped selling its OPEC oil for US dollars in November 2000 following the launch of the euro.
Waleed Higgins
Euro is dropping in value due to sanction of Russia, but USD had gone up higher.
Thnks for your educative video.
Bitcoin! Bbitcoin is much more convenient and also decentralized.
because U.S dollar is god's money In God We Trust 😁
Leo vo 😂😂 yea wateva
If India and china trade with other nations in their own currency, dollar eventually comes down. It may happen in future.
Hey Kumar, Shut up! You know nothing! Fix the poverty then talk to us.
3:40
"Nixon shocked the world"
The Nikon shock... I see what you did there
Because U.S is a corporation not a country.
How can the U.S. dollar be called a „global“ currency, if it is prohibited in countries like Iran and North Korea? In my opinion it‘s not global, if it is not available around the globe.
The oil war and the other countries ditch the dollar when trading oil and other commodities will put an end to the Petro dollar
hoang thao truong nguyen you wish
Isn't the swiss franc 🇨🇭 more valuable than dollars?
Yes, but that doesn't mean it is preferred over the USD. You seem to not get the point of the video.
No. You talking about the exchange rate. That's not the value of a currency as a whole. Is how much with 1 dollar you buy of any other currency. The value of a currency comes from trust. I would take dollars in cash, not swiss franc.
@@OnePiece-fy2kt It is. The value of a currency is determined by supply and demand like everything else. The Swiss franc gained 50 % over the US Dollar in the last 20 years. It gained 50 % because the demand was higher.
@@zampy15021993 "I would take dollars over Swiss franc"
Understandable if you live in the US. But the Swiss franc gained 50 % in the last 20 years compared to the US Dollars. This means people preferred to hold Swiss Franc comparatively (supply and demand). If you held dollar instead of Swiss franc in the last 20 years you would have lost money.
Great video 👍
Nice presentation sir