It’s amazing how so many people still don’t see the fundamental structural problems with the Chinese economy, the artificial and inefficient growth, and ultimately what amounts to lies from the CCP about GDP growth
Don't get it. We have seen the End of the Petro Dollar now that the Saudis will accept other currencies and a alternative to the USA SWIFT international money transfer system with BRICS+ pay. Countries selling US treasury bonds ! To me its like saying company is going bankrupt but its shares are going up not down. Clearly I do not understand what is going on.
I can help - China is issuing Govt Bonds in $USD that are redeemable in $USD or RMB so the OPEC countries etc are stashing their USD in China. China has $1.5 Trillion in USD in cash. This is sucking up the available USD in the global market causing it to rise. The US government are very loud about the $USD value but very quiet about the reason - cos it means the US has lost control of the $USD. You can buy and sell in $USD and never tough the SWIFT system
@@tellitasitis most of the propaganda around BRICS and "Petrodollar" isn't real. Saudi has always been able to sell in any currency willing to buy especially the other global main currencies like Euro and UK Pound. USD is just the prefered currency and still is. There was never any contract requiring them to use USD in any transaction. The notion that there is is just a favorite Russian and Chinese propaganda. The automated money transfer system doesn't matter much as what really matters is the currency they use anyway. The claim that China has 1.5T usd is also another silly propaganda point. China was so proud about losing their dollar positions now their proud about owning more dollars. Silly. Anyone who's looked at the US budget and finances can see it's small compared to the overall amount in the global market. Heck the US prints about that amount every year and can burn or change the fed interest rate to eliminate the dollars out of the market.
Wasn't that BRICS+ pay scrapped or at least didn't it fail? I think I remember something about I think it was Brazil and some other countries not accepting it
Isn't stronger US dollar bad news for US export? US always accuse China of manipulation to keep Yuan low but now the news seems very happy that the Yuan is low.
It’s both good and bad the US economy is a service based economy that mainly imports goods and not a industrial economy that depends on exports the reason a strong dollar is good is because for US consumers it means foreign goods become cheaper leaving Americans with more disposable income it’s also good for companies that do business in the US and make their sales in the US because they will be earning more dollars it also bolsters the status of the dollar as the world reserve currency now the reason a strong dollar is bad is because it makes tourism to the US more expensive, it hurts countries that depend on exports mainly emerging economies that require US dollar reserves since they’ll them have to pay more to purchase dollars which cuts into the profits they make from exports, and it also negatively affects American companies who do business overseas because the income they make overseas will decrease in value
@@Dan-el4mz We know about the pros/cons of stronger/weaker USD. The problem is does US wants stronger or weaker USD? It seems to be flip flopping every news headlines.
@@johngate70Because that depends on who you’re speaking to. There’s no straightforward answer to that question. There’s no magic value the dollar should sit at for the US to be happy.
@ well I use Bitcoin as unit of account so for me the dollar has lost 90% of it’s value to my currency in the last 2 years. And it will probably plummet another 90% in the years ahead.
@@alexandervp6180 Well bitcoin is hardly a traditional currency, its an investment asset - traditional currencies used in FX are government-issued, widely accepted medium of exchange that serves as a stable unit of account, store of value, and means of transaction within an economy. Bitcoin is more like gold. What you are talking about isn't currency foreign exchange, you are talking about investing. Thats like me saying the dollar has lost 1000% of its value because I own navidia equity. The whole idea about foreign exchange rates is one currency rises in value because another has lost value - its an exchange ratio...
50 trillion in debt isn't inspiring long term confidence, when they start shilling bonds to retail investors you know the shit will hit the fan. People need to stay smart and not trade assets for fiat regardless of currency, they are all doing the same thing these days.
dollar rising?who the heck would want dollars when america is already in 35 trillion debt, lost 25 percent of purchasing power since 2020, mcdonalds meal is almost $13,$14 on average now, groceries up almost 56 percent since 2019 and rent up 34% and interest and deficit per year is 3 trillion and compounding... us stock markets and real estate are experience massive bubbles and the feds have printed,borrowed and injected nearly 13 trillion since 2019..... and USA's biggest lenders is dumping us debt left and right.
That's your opinion. The investors prefer the dollar. Let the markets speak for themselves. If you understood economics, you wouldn't have made that foolish statement.
If you are Chinese then you know every wealthy Chinese want US dollar, not Chinese yuan. This has always been true. What good is Chinese yuan when you can't even take it out of china?
@@xiphoid2011 all these clueless ejjiots spewing the same nonsensical talking points their propaganda media feeds them......lemme tell u this one thing....back in the late 2000s, over 83 percent of all of china's trade and transanctions was settled in USD....only 2% was settled using yuan. in 2023 for the first time, over 50% of all of China's trade and transanctions worldwide with other countries, is settled using yuan.....trillions and trillions of it..... which means not only are more countries in the world willing to play ball now and holding yuan for trade with china they are willing to accept yuan for payment they recognise that china is not only a economic powerhouse......it is one of the worlds largest lenders and sources of capital....according to a ubs report china has total household savings of nearly 19.3 trillion usd, americans barely have any savings of 0.9 trillion which peaked at 2.7 trillion during 2020 covid the only time when americans knew how to save.... saving is an utterly alien and foreign concept to american culture china has nearly 3.4 trillion in foreign reserves.....usa has 240 billion enough to last her maybe one month in a crisis..... america is the land of the brokies and brokebacks running on fumes,ponzi lasseiz faire print and borrow all u can stimulus economics and maxed out credit cards. this is reminescent of 2008 calm before the storm,only a fool will believe usd is getting stronger in the face of everything that is happening.
Fiat isn't just about the PPP. Remember China's PPP is largely the WORLD'S purchasing power / GDP. Total world's GDP hasn't fallen since 2008 when excluding China. Per IMF tracking.
@@ssuwandi3240 and us gdp does not come from the rest of the world?the world doesnt buy american brands and use american services?what exactly are all these us mncs doing in my country singapore?why am i buying all these american junk when i go to the supermarket or mall? and lets not forget all the trillions upon trillions of capital flowing into usa from all across the world into us stocks and bond markets and other assets....because frankly the most famous market in the world is the us market,the most attention,the most literature written,the most information or disinformation disseminated, its the worlds largest casino totally i believe 80 to 90 trillion stocks and bonds....when people across the world talks about speculating in the market they are usually talking about us markets not their own. doesnt us depend on the rest of the world for her wealth too?without the world oh i assure u the world gdp is growing, its around 27 trillion usd back in 1995 today its around 127 trillion,total world gdp hasnt fallen on contraire it has exploded including china.....sans america and europe......whether or not chinas own meteoric rise is catalyst for the rest of the worlds rise,who knows? but one thing for sure is both america and europe has stagnated..... to keep it short back in the 90s or the turn of the century us and eu represented nearly 63 % of global gdp...u owned the world economically and militarily u could commit all the war crimes and crimes against humanity u wanted and no one could say no. ..fast forward to 2023, us and eu now represents 37% of global gdp....chinas share has risen from 1.7% in 1990 to 17%. u do the math.
It is an indicator of a weak economy. Normally when a currency is depreciating you get inflation which forces the central bank to increase interest rates and bond yields to keep inflation under control. However if the economy is weak enough deflationary pressures cancel out the inflationary effect of the declining currency. In this case the central bank will lower rates in an effort to stimulate the economy.
@@Brained05 no you genius, they are lower the RMB because they have 2 main goals. 1- to counter US and EU tariffs to sell more products and 2. To allow Chinese people to consume, hence make it more affordable.
@bestofsatish lower inrest rates both reduce foreign demand for bonds and increase the money supply (more burrowing). Both will put pressure on your currency. So it's actually normal.
@@Khan_is_mongol "...they are lower the RMB because ..." If you are going to be insulting it is best to make sure your grammar is correct. As for part two of your reply how does a lower RMB which lowers the purchasing power of Chinese consumers allow the Chinese people to consume or make it more affordable?
Appreciate the detailed breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
Capital markets, Equities market are being manipulated by the US as long as they still use their financial expertise to do so....US owings 36 trillion yet the US and Equities are too strong..what??????
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path. Bloomberg 2/04/2024
what a propaganda ? why is the govt bond yield in china less than US 10 yr yield if China is crashing ? why is Fed printing so much money in last 4 years US has printed 40% of the total dollars ?
Economic outlook for China is gloomy, eg it’s only 1% above western economics now not double the gdp growth. Meanwhile USA is borrowing $1trillion every 100 days or 6% of gdp, so if it wasn’t for borrowing us gdp would be negative 4%.
what a propaganda ? why is the govt bond yield in china less than US 10 yr yield if China is crashing ? why is Fed printing so much money in last 4 years US has printed 40% of the total dollars ?
In 2024 I was fortunate enough to visit 7 different countries. I visited 12 different currency exchanges looking for a 100 Yuan note for an art project. None to be found, but I thought the responses to my inquiries were interesting: “We don’t have that here.” “No one uses that.” “Is this a joke?” “It’s not worth enough to bother with” And at least 2 places laughed in my face.
You can't find it at the exchange doesn't mean anything. Meanwhile those countries you visited are most likely having China as their largest trading partner and not US. Their yuan usage will be across their banks and in the number of billions. Your 100 yuan exchange is too insignificant to be counted.
@@mikestewart4752 data don't lie. more than 100 countries' largest trading partner is China and not US or Europe. you can exchange for the green buck but it's not really that useful to be honest. it will be like souvenirs very soon, just like Zimbabwe dollar. if US dollar is so stable, tell me why Black Rocks and US government are buying so much bitcoin? They are preparing for the downfall of the paper currency. keep living in your $36 trillion of debt as of today, maybe $37 trillion next week.
Rising dollars means good news for BRICS as BRICS will continue to trade with their own currencies and abandoned the dollars gradually, less pressure attracts more meaningful transactions, the speculative and manipulate systems became thing of the past,should thank the dollars ,
It’s amazing how so many people still don’t see the fundamental structural problems with the Chinese economy, the artificial and inefficient growth, and ultimately what amounts to lies from the CCP about GDP growth
Very well said.
@@comchadelalora it's amazing how fools believe US economy is healthier than China.
Yuan is doing well compare to other currencies like Euro and Yen. It is USD that is the overvalued now.
All paper currencies goes to zero. Gold and silver is money
Bitcoin is the money in 21st century
And the Dollar could go much higher.
@@mrleafbeef634 you’ll still be broke by the end of the year
Except no one wants the yuan...
Don't get it. We have seen the End of the Petro Dollar now that the Saudis will accept other currencies and a alternative to the USA SWIFT international money transfer system with BRICS+ pay. Countries selling US treasury bonds ! To me its like saying company is going bankrupt but its shares are going up not down. Clearly I do not understand what is going on.
The Western media love to paint good pictures of their economy to please their readers. The Westerners too love to hear good news even if it is fake.
I can help - China is issuing Govt Bonds in $USD that are redeemable in $USD or RMB so the OPEC countries etc are stashing their USD in China. China has $1.5 Trillion in USD in cash. This is sucking up the available USD in the global market causing it to rise.
The US government are very loud about the $USD value but very quiet about the reason - cos it means the US has lost control of the $USD. You can buy and sell in $USD and never tough the SWIFT system
@@piccalillipit9211 thank you for your feedback
@@tellitasitis most of the propaganda around BRICS and "Petrodollar" isn't real. Saudi has always been able to sell in any currency willing to buy especially the other global main currencies like Euro and UK Pound. USD is just the prefered currency and still is. There was never any contract requiring them to use USD in any transaction. The notion that there is is just a favorite Russian and Chinese propaganda. The automated money transfer system doesn't matter much as what really matters is the currency they use anyway.
The claim that China has 1.5T usd is also another silly propaganda point. China was so proud about losing their dollar positions now their proud about owning more dollars. Silly. Anyone who's looked at the US budget and finances can see it's small compared to the overall amount in the global market. Heck the US prints about that amount every year and can burn or change the fed interest rate to eliminate the dollars out of the market.
Wasn't that BRICS+ pay scrapped or at least didn't it fail?
I think I remember something about I think it was Brazil and some other countries not accepting it
On the other hand the US has a debt of $36 trillion and growing.
US increases the tariffs, China lowers the value of RMB.
Isn't stronger US dollar bad news for US export? US always accuse China of manipulation to keep Yuan low but now the news seems very happy that the Yuan is low.
It’s both good and bad the US economy is a service based economy that mainly imports goods and not a industrial economy that depends on exports the reason a strong dollar is good is because for US consumers it means foreign goods become cheaper leaving Americans with more disposable income it’s also good for companies that do business in the US and make their sales in the US because they will be earning more dollars it also bolsters the status of the dollar as the world reserve currency now the reason a strong dollar is bad is because it makes tourism to the US more expensive, it hurts countries that depend on exports mainly emerging economies that require US dollar reserves since they’ll them have to pay more to purchase dollars which cuts into the profits they make from exports, and it also negatively affects American companies who do business overseas because the income they make overseas will decrease in value
@@Dan-el4mz We know about the pros/cons of stronger/weaker USD. The problem is does US wants stronger or weaker USD? It seems to be flip flopping every news headlines.
@@johngate70Because that depends on who you’re speaking to. There’s no straightforward answer to that question. There’s no magic value the dollar should sit at for the US to be happy.
I guess Dave forgot his reverse polish notation 😂
The dollar never raises. It’s just the other things are falling faster.
that's literally what it means for a currency to raise... its relative to the exchange rate to other currencies.
@ well I use Bitcoin as unit of account so for me the dollar has lost 90% of it’s value to my currency in the last 2 years. And it will probably plummet another 90% in the years ahead.
@@alexandervp6180 Well bitcoin is hardly a traditional currency, its an investment asset - traditional currencies used in FX are government-issued, widely accepted medium of exchange that serves as a stable unit of account, store of value, and means of transaction within an economy. Bitcoin is more like gold. What you are talking about isn't currency foreign exchange, you are talking about investing. Thats like me saying the dollar has lost 1000% of its value because I own navidia equity.
The whole idea about foreign exchange rates is one currency rises in value because another has lost value - its an exchange ratio...
@@alexandervp6180scam
Look at it more from a supply and demand standpoint
Mao Money, is a problem to begin with. smh
With so many things produced in China, whats the points of having so many USD? When China recorded trade surplus with almost all countries.
"China capitulates" surly a stronger dollar is better for china. exports more affordable.
50 trillion in debt isn't inspiring long term confidence, when they start shilling bonds to retail investors you know the shit will hit the fan. People need to stay smart and not trade assets for fiat regardless of currency, they are all doing the same thing these days.
What will 10 years of 0pct bond yields do?
Inflation permanently 6%+. We would watch the death of global fiat currencies….when they cease being money
I know America Will grow however the trade imbalance might grow as well
dollar rising?who the heck would want dollars when america is already in 35 trillion debt,
lost 25 percent of purchasing power since 2020, mcdonalds meal is almost $13,$14 on average now, groceries up almost 56 percent since 2019 and rent up 34%
and interest and deficit per year is 3 trillion and compounding...
us stock markets and real estate are experience massive bubbles
and the feds have printed,borrowed and injected nearly 13 trillion since 2019.....
and USA's biggest lenders is dumping us debt left and right.
That's your opinion. The investors prefer the dollar. Let the markets speak for themselves. If you understood economics, you wouldn't have made that foolish statement.
If you are Chinese then you know every wealthy Chinese want US dollar, not Chinese yuan. This has always been true. What good is Chinese yuan when you can't even take it out of china?
@@xiphoid2011 all these clueless ejjiots spewing the same nonsensical talking points their propaganda media feeds them......lemme tell u this one thing....back in the late 2000s, over 83 percent of all of china's trade and transanctions was settled in USD....only 2% was settled using yuan.
in 2023 for the first time, over 50% of all of China's trade and transanctions worldwide with other countries, is settled using yuan.....trillions and trillions of it.....
which means not only are more countries in the world willing to play ball now and holding yuan for trade with china they are willing to accept yuan for payment
they recognise that china is not only a economic powerhouse......it is one of the worlds largest lenders and sources of capital....according to a ubs report china has total household savings of nearly 19.3 trillion usd, americans barely have any savings of 0.9 trillion which peaked at 2.7 trillion during 2020 covid the only time when americans knew how to save....
saving is an utterly alien and foreign concept to american culture
china has nearly 3.4 trillion in foreign reserves.....usa has 240 billion enough to last her maybe one month in a crisis.....
america is the land of the brokies and brokebacks
running on fumes,ponzi lasseiz faire print and borrow all u can stimulus economics
and maxed out credit cards.
this is reminescent of 2008 calm before the storm,only a fool will believe usd is getting stronger in the face of everything that is happening.
Fiat isn't just about the PPP. Remember China's PPP is largely the WORLD'S purchasing power / GDP. Total world's GDP hasn't fallen since 2008 when excluding China. Per IMF tracking.
@@ssuwandi3240 and us gdp does not come from the rest of the world?the world doesnt buy american brands and use american services?what exactly are all these us mncs doing in my country singapore?why am i buying all these american junk when i go to the supermarket or mall?
and lets not forget all the trillions upon trillions of capital flowing into usa from all across the world into us stocks and bond markets and other assets....because frankly the most famous market in the world is the us market,the most attention,the most literature written,the most information or disinformation disseminated, its the worlds largest casino totally i believe 80 to 90 trillion stocks and bonds....when people across the world talks about speculating in the market they are usually talking about us markets not their own.
doesnt us depend on the rest of the world for her wealth too?without the world
oh i assure u the world gdp is growing, its around 27 trillion usd back in 1995 today its around 127 trillion,total world gdp hasnt fallen on contraire it has exploded including china.....sans america and europe......whether or not chinas own meteoric rise is catalyst for the rest of the worlds rise,who knows?
but one thing for sure is both america and europe has stagnated.....
to keep it short back in the 90s or the turn of the century us and eu represented nearly 63 % of global gdp...u owned the world economically and militarily u could commit all the war crimes and crimes against humanity u wanted and no one could say no.
..fast forward to 2023, us and eu now represents 37% of global gdp....chinas share has risen from 1.7% in 1990 to 17%. u do the math.
Don't trust anything these people say - They're scared and they know what is coming!
Bullshit
And why would you trust you on this subject?
What are your credentials and how could we verify them?
Thanks
China 🇨🇳 Capitulates!
asia gotta go
And yes. Watch your export drop
It is counter intuitive when yields are falling and currency depreciating
It is an indicator of a weak economy. Normally when a currency is depreciating you get inflation which forces the central bank to increase interest rates and bond yields to keep inflation under control. However if the economy is weak enough deflationary pressures cancel out the inflationary effect of the declining currency. In this case the central bank will lower rates in an effort to stimulate the economy.
@@Brained05 no you genius, they are lower the RMB because they have 2 main goals. 1- to counter US and EU tariffs to sell more products and 2. To allow Chinese people to consume, hence make it more affordable.
@bestofsatish lower inrest rates both reduce foreign demand for bonds and increase the money supply (more burrowing). Both will put pressure on your currency. So it's actually normal.
@@Khan_is_mongol "...they are lower the RMB because ..." If you are going to be insulting it is best to make sure your grammar is correct.
As for part two of your reply how does a lower RMB which lowers the purchasing power of Chinese consumers allow the Chinese people to consume or make it more affordable?
@@Brained05they devalue it to make their exports cheaper their economy depends on exports it doesn’t make it cheaper for Chinese consumers
Oh yeah.....and who is supporting the usd and at what cost....??? Be serious for a min pls....
Appreciate the detailed breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
When Bloomberg needs to specifically compare the dollar and the yuan side by side, you know something is wrong
Capital markets, Equities market are being manipulated by the US as long as they still use their financial expertise to do so....US owings 36 trillion yet the US and Equities are too strong..what??????
@@jayk3551
That's the problem ..... who will trust your toilet paper to buy real stuff?
Exactly. Internal debts which are supported by plentiful recoverable oil and LNG👍
No it owes debt to bond holders, which are chin Japan @@jayk3551
Yuan rubles rupees collapsing
Brics
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead
Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path.
Bloomberg 2/04/2024
on the dot!
what a propaganda ? why is the govt bond yield in china less than US 10 yr yield if China is crashing ? why is Fed printing so much money in last 4 years US has printed 40% of the total dollars ?
Big deal. Up and down. As always
Don't worry. We have a new President who has only filed for bankruptcy six times. What could go wrong?
The USD is heating up creating a forex bubble.
USA! USA! USA! Taiwan is a country! ❤
USA is your Daddy.
Lol not according to the USA.
Economic outlook for China is gloomy, eg it’s only 1% above western economics now not double the gdp growth.
Meanwhile USA is borrowing $1trillion every 100 days or 6% of gdp, so if it wasn’t for borrowing us gdp would be negative 4%.
American propaganda
The Yuan is a long-term buy for me.
Hope you have a warm home at the landfill 😅
what a propaganda ? why is the govt bond yield in china less than US 10 yr yield if China is crashing ? why is Fed printing so much money in last 4 years US has printed 40% of the total dollars ?
@@Patrick_Hsu Taiwanese frog exposed now ..... 甘霖老布吖超级拜
No currency is a long term buy but especially one’s with aging and declining populations
@@johnl.7754 "aging and declining populations" the west favorite line to comfort themselves from China's inevitable rise! 😉
Hi
Dollar will fall when trump starts
In 2024 I was fortunate enough to visit 7 different countries. I visited 12 different currency exchanges looking for a 100 Yuan note for an art project. None to be found, but I thought the responses to my inquiries were interesting:
“We don’t have that here.”
“No one uses that.”
“Is this a joke?”
“It’s not worth enough to bother with”
And at least 2 places laughed in my face.
stories that never happened for 500 Alex.
You can't find it at the exchange doesn't mean anything. Meanwhile those countries you visited are most likely having China as their largest trading partner and not US. Their yuan usage will be across their banks and in the number of billions. Your 100 yuan exchange is too insignificant to be counted.
@ lol, keep living the dream*
* With Chinese Characteristics ™️
@@jayzee316 cope better, you’re failing.
@@mikestewart4752 data don't lie. more than 100 countries' largest trading partner is China and not US or Europe. you can exchange for the green buck but it's not really that useful to be honest. it will be like souvenirs very soon, just like Zimbabwe dollar. if US dollar is so stable, tell me why Black Rocks and US government are buying so much bitcoin? They are preparing for the downfall of the paper currency. keep living in your $36 trillion of debt as of today, maybe $37 trillion next week.
😂😂😂
Rising dollars means good news for BRICS as BRICS will continue to trade with their own currencies and abandoned the dollars gradually, less pressure attracts more meaningful transactions, the speculative and manipulate systems became thing of the past,should thank the dollars ,
Doomberg is spreading another bulshits :D
No one wants Yuan.
Hello