Ask Prof Wolff: Is the U.S. Dollar in Trouble?
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- เผยแพร่เมื่อ 28 มี.ค. 2023
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A Patron of Democracy at Work asks: "I'd love to hear your thoughts on what a world looks like if the US dollar loses its primacy. What does the "economy" look like in the USA? Will there be a huge collapse?"
This is Professor Richard Wolff's video response.
Submit your own question to be considered for a video response by Prof. Wolff on Patreon: / community .
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The United States as we know it is no more. All signs point to 2024 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.
Congrats. Your ability to control the whole risk profile of your investments and prevent irreversible capital loss will be your actual financial unlock. A plan must be in place to take advantage of opportunities to profit when they arise.
When you first start off, you should get advise from a fiduciary counsellor if you don't want to crash and burn. They adopt a profit-driven approach based on individual risk tolerance because their entire skill set is built on simultaneously trading long and short.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
I've been thinking about going that route. I've been holding onto a lot of stocks, but they're starting to lose value, and I'm not sure if I should retain them or sell them. I think hiring your investment coach would help me restructure my portfolio.
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
I feel like I could really need more assistance because navigating the market is so frightening to me. I've already sold off the majority of my assets, so I could use some guidance on where to put my money.
I hope everyone has money ready to invest at the appropriate time. Planned actions can help you secure your financial future. You still have the best chance of becoming a millionaire on the stock market.
Biden is not entirely responsible for whatever is going. The economy is cyclical, and things will definitely get better. The first rule of investing is to keep investing, whatever the economy is doing. That is how you make substantial gains.
That's some incredible gains. How do you find a financial advisor? I've been trying to connect with one for some time now, an I don't want to work with hedge funds.
There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
Government policies have jeopardised the future for many years, and consequences are approaching. I anticipate an 75% decline in the stock market, causing investors to shift toward real estate. Traditional banking may become less reliable, so it's essential to develop a survival strategy.
These are the conditions in which life-changing money is made by those who remain calm, patients, and take controlled risks. Volatility goes both ways, the bigger the red candles, the bigger the green ones.
I consult a financial coach before investing. During the pandemic, I employed profit-focused strategies and risk minimisation, leveraging their insider knowledge and analysis. Working with Stacey Lee Decker as my coach for over three years, I've generated around $750k in earnings.
I've been passively earning a six-figure income through my investments with Stacey Lee Decker. She guided me to the right community to enhance my financial growth, and I don't need to put in much effort. Regardless of market fluctuations, I consistently generate returns.
Hello dear,i really admire and like what you share and comment on facebook.i would like to be your friend.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
Well I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor, and I've actually made over $120K with their help during this market crash. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
@@georgebarret That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
My Financial adviser is ‘’Julie Anne Hoover’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@georgebarret Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Dollar losing it's primacy is indeed a BLESSING for the human kind!!
It will be when your family is starving.
Why? Because Xi and Putin are going to usher in a new era of perfect human rights?
Amen.
If it means that the US can't support its 1000 military bases around the globe and all the perennial wars, then the world will be a better and more peaceful place.
@@john-lenin If his family starves, then so will yours, and so will you.
According to certain economists, it's possible that the U.S. and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
Currently, my primary worry is how to increase revenue during periods of quantitative easing. I cannot afford to witness my savings dwindle away.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings.
I personally work with ''Margaret Johnson Arndt'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her webpage on the net.
@@JenniferDrawbridge Thank you for this tip. it was easy to find your coach. Did my due diligence on her then sent an email. She seems proficient considering her strong resume.
It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.
In the world of finance, recessions are prime opportunities for wealth creation. When my portfolio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.
Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name “ Michelle Christine Parker" and everything changed. In in the first quarter of this year i made $370k and counting.
Thank you for the tip, I must say, Michelle appears to be quite knowledgeable. I Found her weeb page after searching her name online , I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Peace be with you 💚
We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊
Heard someone say 2023 could be more trouble for stock holders, yet a good buying opportunity! I'm not new to the markets but unconvinced with my conviction lately. I just want to do it like the legends Ackman, Buffet, Lynch, etc, unfortunately I'm in my 50's and time is of essence.
the stock market is geared towards long-term for attractive returns especially if you invest in high-growth and multi-bagger shares after evaluation of risk, or better still consult an invt-advisor not to make any costly mistakes
@@roseroland1998
The issue is people always have the “I want to do it myself mentality” Unapologetically, that’s why they get burnt amidst crash, cos they aren’t equipped enough. I slowly but steady make gains when its bearish, and even pull off profits easily in a bull market. Concisely, I've summed up a whooping 7-figure ROI after subsequent investments in less than 3 years
@Stanley Edwin Personally nothing beats expertise, so I use advisory management, and credits to ''KAITLIN ROSE STERNBERG'' for solid 2 years and 6 months precisely. She's a renowned coach, you can simply look her up and confirm yourself.
“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months.
I'll suggest you find a mentor or someone with experience to guide you especially in this recession.
@@hannahdonald9071 You will need a strong FA to help you through the current market turmoil. I've been talking to a coach named Maria Juliana Ramirez for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@@zoeytank2921 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@@tampabayrodeo2474 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.
The Hegemonic US in general must or be forced to relearn how to live within its means and mind its own business in the world
Just Amen! Our leaders don't realize how many people feel this way.
in all honesty, China and RF won't have to do much at all, U$ will simply self implode, inflicted by its own oligarchs, U$ days are numbered.
I believe US needs to live by example. Shame it has been infiltrated and squeezed by banks and industrialists .
Are you willing to sacrifice for this cause?
This message was brought and paid for. By China's useful idiots
Professor Wolff is the very Few of Americans who know Why US Dollar is in Trouble. He is Very Knowledgeable and Straight forward and tell all the Truth no matter if one likes or not. Chinese like this Smart American economist and professor. His opinion is based on the facts Not on the political status, which is the most important. ❤
we will fight all over the world and make sure they all use dollars!! if the chinese not listen to us, we will teach them to learn!! we will unit our western friends to fight the chinese .. we will win!
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated..#
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.
@Vace Stevens wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Thanks, 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. I just set up a phone call.
Well, that's a good suggestion! Sofia is someone I also know. She is my mentor as well. I heartily endorse her
You are just a scambag. Tthe market hasn't dropped anything. Actually it has gained. s&p500 has gained over 3% in the last 3 months. You are part of scam team here, trying to prey for weak ass investors.
The weapons contractor worked so hard and the Dollar value dropped so fast
If the dollar collapses the war machine will run out of gas.
Soon...
Yeah, so does the Saudi oil machine.
EXACTLY
Let's hope to god that this is what will happen. Enough is enough!
No! Think of Germany 1929-1933.
What happened next?
Interesting that Dr. Wolff can speak so eloquently and truthfully. everything he has said is sotruthful!
I like this guy; he is knowledgeable without being arrogant like most people from the West.
"Once we lose the world's reserve currency status, there's no going back. We won't get that prosperity that we've been able to enjoy. It's going to be a very very different world in the United States of America." ~ Mike Maloney
Trump 24
The US will alsp be forced to focus more on global politics and culture because it has been very self absorbed for close to 60 years
A Maloney quote under a Wolff video. I didn’t think I would ever see that.
A brave new world
@@elinoreberkley8221 You saw how he fixed this, right? 😂 he and his buddies are building bunkers and buying yachts to leave you and me here to rot. No elite on either side is gonna help.
Thank you Proff Wolff for your succinct, honest portrayal of information. I appreciate your effort to steer away from inflamitory or emotionally charged delivery ... sometimes an emphasis needs to be made but it is easier to disseminate info w/o the sentiment. Much gratitude
I'm a fan too but the Big Good Wolff has taken to howling so loud he soon won't need a microphone! 😉
As i see it the speaker spent little time toward any action regarding countering these negative realities only whining about bad times ahead
and the inevitable implosion of our great nation come up with answers sir if you cant move over for one who can
Honest portrayal? Over the years, because of the juggernaut economy of the US, dollar has placed itself as the standard medium of exchange for the whole world. Other countries use $ to trade not just with US, but also with each other. Those countries who want to replace it are authoritarian countries. Their motive to do so is political, not economical. By doing it, they want to weaken the US. Because the US is the most powerful country among others that stands against their policies that abuse human rights and derived by the imperialistic will of their leaders. But they can hardly achieve it. Other free world countries won't join them. Please, do your judgment before consuming any information.
@@papax7241 you are funny, this is the end of worst tyrannical country in the history
@@papax7241AS adalah negara perampok hasil bumi negara lemah militernya.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
I agree with you totally Rose, Yes they can be positively impactful to an individual's portfolio. I started with a trust Financial Adviser named "Jackson Sten Marsh". He is verifiable and he work ethic complies with the US Investment Act of 1940. He approach is transparent, allowing full ownership and control of my portfolio with very reasonable fees relative to my portfolio earnings.
I know I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of this year. Please how can I reckon with such skills and what are his services like?
Credits to *Jackson Sten Marsh*, one of the best portfolio manager;s out there. he;s well known, you should look his up.
He covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that. You can take a look at his full name on the internet. he is renowned. So it shouldn't be difficult to find him official webpage.
Thanks for the education, Professor Wolff.
🙏❤️🙏
This is my first time hearing this gentleman. He makes his answer to this question quite plain and easy to follow. You have definitely earned a sub. Many thanks for your perspective Professor Wolff. 🙂
Yes, he is very consistent, and rarely strays into the Melodrama that most "journalists" seem to keep engaging in
Peace be with you 💚
We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊
Thank you Professor Wolff for that clear and simple to understand explanation.
Very good and Sad.
Peace be with you 💚
We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊
Me as South African citizen 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣💪💯 I'm happy
There's a lot of scammy car salesman types on here who make economy videos with clickbait images and titles, it's painful to trawl through.
You didn't look like one of them and you are not, you just talk straight and honest facts like Celente, appreciated.
My favorite economic guru. .ty for all your hard work...the information gained from your talks is invaluable...
Your favorite economic guru is worthless ... ever notice? ... he's never ever mentioned the WEF or the Great Reset ... he's a dinosaur!
Thank you! I’ve seen so many videos on TH-cam, about BRICS and the US dollar but none of them actually explain what happens if the US dollar fails. And it’s nice to have someone actually explain it plainly and bluntly.
US becomes the second class nation without any hope in future. Diligent nations who create real wealth instead of green paper will become prosperous. US game on finance is ended
Brazil, China, India, Russia and South Africa are a very strong alliance Brazil is a giant of agriculture, China of technology Russia is a giant in energy, oil, gas and others. there is still india which is a power and there is south africa which has a lot of raw material.
@@764ff and if Iran and the Saudis join BRICS then game over for the USA .....and that's not counting Indonesia , Argentina , Egypt and possibly Turkyi joining .....imagine a grouping of all these nations .....
@@therealdeal2163 don't forget Meixco, thats why US is now attempting to invade south of the border PEACE
Welcomd to venezuela
Great Info Prof Wolff - Subscribed. Thank you sir, keep sharing your knowledge.
You're english is loud and clear, easy to understand for a layman like me, thanking you, sir.
Viewing from the bright side, this shift in general could be a blessing to the US when it becomes a true republic instead of an empire and equal among all.
The empire benefits regular people like us not one bit, so goodbye and good riddance. Sweden doesn't have the world's reserve currency but they're far more prosperous and provide better for its people than we do, for example.
Bad for Americans and our leadership in the short term but good for the long term. Need a revolution to overthrow the regime after the dollar collapses.
IF you wish to have a stronger U.S. ,as I do, then we HAVE to get rid of all the far left liberals, AND the cray leadership on BOTH sides. WE have very few actual good candidates every time! As a retired U.S. combat vet, it is my opinion that our leadership has led us down bad paths. And this stupid, nauseous blather of how the U.S. military WANTS wars is ridiculous! NO military member, with any common sense, WANTS to fight a war!
You are smoking crack. Sweden doesn’t have tens of trillions of debt or run billion dollar deficits. It will be like Venezuela. We are looking at hyper inflation not seen since the Weimar Republic. Hold on to your nuts cause it’s gonna get ugly.
Excellent knowledge contribution, that of yours, Dr. Wolff!
Very clear and informative. Thank you. God bless you!
O BRICS está se tornando cada vez mais influente no o mundo como sua cooperação econômica uns com os outros é fortalecedor 🇧🇷
TH-cam translated your Brazilian flag into an American one
kkk
com dilmanta como presidente do banco dos brics
essa ai na presidencia que vai querer bater de frente com o dólar, suiços, alemães, franceses, britanicos, americanos? kkk, a china que é uma caixa preta?
N sei oq vai rolar daqui pra frente mas uma probabilidade é a criação de CBDCs ai é o golpe final
@@tjpaiva3296 what else can u expect from an American Capitalist company
@@tjpaiva3296 😂 amazing stuff
BRICS post the false flag on 9/11, is a dead organisation
As always, thank you Dr. Wolff for the invaluable insights and the incredible work that you do!
Peace be with you 💚
We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊
So basically, it's time for US (US) to pay the piper.
Yes another way the current generation gets dumped on by the Boomers
@@gwills9337 Or by your bully boy government.
@@gwills9337 yeah... NO. good news for young people... because americans will have to actually make shit not just print money and import them... so LOTS and LOTS of new jobs.
It’s always a pleasure to watch your show.
You are the best, wise and brave American. Salut. Our country needs more smart soul like you.
Wow! Real truth. Those living in the USA are not use to hearing truth.
Once again, thanks for clarifying the finer points of this tragedy occurring in real-time before our very eyes. Won't be long before this hits home; then, even the eternal optimists will agree with you once the real pain starts--this is only the beginning. God Bless, sir.
Yes, I dont think that this transition to the USD taking a back seat will be super smooth by any means
Peace be with you 💚
We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊
@@user-dl8iz9zn8i Peace be with you as well no thank you
Unfortunately those "eternal optimists" won't agree with the likes of Prof. Wolff, they will look around for someone to blame. The Nazis did it with the Jews, I wonder who will be in the cross-hairs this time.🤔
Thanks for your Honest straight forward review without any BS.
Most to-the-point explanation I’ve heard so far. Thank you.
Thank you for your research, guidance, & time my good sir. ❤
Thank You Prof. Wollf
As informative as always thanks Professor Wolff.
Peace be with you 💚
We Invite You To Join The Religion of Islam, as you may find peace. Islam is the latest Revelation from Allmighty God (Allah) for All the Human & Jinn kinds WorldWide. Our suggestion just Study all Religions including Islam, Then you're welcome to convert to the religion of Islam in order to successfully pass this Test of life and be saved from everlasting Punishment Of the HellFire. We wish All the Best 🕊🌷❤😊
As someone from the global south people like Pr. Wolff give me hope.
Thanks for the good information you are giving in your channel. Indeed,is just too enjoyable
Clear and to the point.
Thank you.
The US national debt is more than $31 trillion, with 38% of it held by foreign entities. The US also has $38 trillion in unfunded Medicare liabilities and $17 trillion in unfunded Social Security liabilities
The US dollar is the dominant reserve currency, backed by its perceived strength, allowing the US to print unlimited dollars as long as the world maintains trust in it. The US dollar is the backbone of US power, and any actions that undermine confidence in the currency threaten to destabilize its position of dominance. Each unilateral sanction imposed by the US risk damaging the stability and credibility of the US dollar, leading to dire consequences for the nation's power and influence. The US is the only country actively undermining the strength of the US dollar. The freezing of Russia's $300 billion currency reserve by Western governments may lead countries to reconsider investing their funds in US Treasury bonds.
A significant portion of US dollars is held outside the US, estimated at 60-70% of all US dollars in circulation, due to its status as the dominant reserve currency and wide use in international trade and finance. The one trillion dollar trade deficit of the US is a consequence of being the reserve currency, as a strong dollar makes it difficult for US businesses to export goods and services while simultaneously making it easier for other countries to sell to the US. Countries are shipping goods to the US in exchange for green pieces of paper.
The US budget deficit is $1.38 trillion in 2022 which must be paid for by selling more Treasury bonds. The interest on this debt is greater than the military budget. To pay the interest on its debt, the government sells more Treasury bonds, leading to a cycle of increasing debt. The US printing of dollars has been exporting inflation in other countries for decades, but will eventually increase US inflation. Raising interest rates to fight inflation decreases consumer and business spending, increases the trade deficit, and higher interest payments on government debt. Other countries will respond to the US raising of interest rate by raising their interest rate, risking global recession. The Plaza Accord addressed this issue in the past, but it will be challenging to implement such measures now.
A well-run country collects taxes to fund essential services and infrastructure. In the US political system, wealthy corporations and individuals can lobby for tax breaks. The shortfall in funding for the US government has reached $31 trillion. Instead of collecting taxes from wealthy corporations and individuals, the government pays interest to them.
Banks hold Treasury bonds for their safety, liquidity, regulatory compliance, and potential profitability. When interest rates on Treasury bonds rise sharply, the decrease in bond values reduces liquidity and makes it harder for banks to raise cash quickly. This causes depositors to lose confidence, triggering a bank run. In response to the current bank run, the government is issuing Treasury bonds to raise funds to compensate depositors for any lost funds. There are $19 trillion in deposits in US banks. The estimated unrealized loss on these treasuries is 1.7 trillion. The total size of US banks' equity is 2.1 trillion.
The new Bank Term Funding Program (BTFP) help prevents discounted bondholders from taking losses when they have to sell them urgently. The BTFP accepts discounted bonds at face value to be used as pledges for loans to inject more money into the economy. More inflation.
It's a Ponzi scheme.
Yes. The Fed still keeps printing dollar out of thin air as usual. The debt ceiling has been announcing to Congress which just rubber stamper. And the Government in which is also just an astronomically spender beyond its means. All rekcless and no shame. Sell..... sell.... sell.....run.....run....run.....😂😂😂
Erudite Examination.
Excellent Enquiry.
You could have made a video and help mora people understand what is going on. Great analysis.
So is pretty much all the others worlds currencies. You think china isn’t doing the same thing with their currency to fund their BRI projects and loans. Everyone talks about dollars but if you look at every other countries currency they are worse. Dollar is really going anywhere.
@@DontUputThatEvilOnMe Please prove it with numbers, don't just guess? For example, the US Defense budget of USD 842 Billion was printed out of thin air and will also evaporate into thin air. Unnecessary, useless, and unproductive. Unfortunately, no one cares to criticize it. 🤣🤣🤣
Thank you professor 👍 I appreciate the way you make abstract ideas understandable 👍
It is of great immediacy that amerikaans adjust their mindset and way of thinking when confronted by issues of global dimensions, such as the imminent challenge of dedollarisation. How is it that when things are going your way, you sing exceptionalism and claim "primacy" but when things don't turn your way, you criminalise the actions of others merely because they infringe upon your so-called entitlements or privileges? Learn, adjust, adapt, reframe, grow and develop along with the rest of the world. I am glad to reinforce Professor Richard Wolff's stance that amerikaans must grow up and adjust to the fact that increasingly and inevitably, owing to the misgovernance by your governments, past and present, amerikaa is no longer a dominant political or economic force in the world.
Thank you for this video Professor... I learned a great deal here.
Thank you Prof Wolff for sharing~!
Thank you. This is the only video I was able to fully understand .
THANK YOU PROF WOLF FOR SPEAKING THE TRUTH 👍
Not U.S. Dollar in Trouble.
U.S. it is Trouble.
Capitalism in General is in trouble lead by the Dollar. Not Money is the problem but the need to extract a Profit with the money you have investet
@@neoliberalerneandertaler9347 yes wanting something for nothing is humanity's big problem.
Incorrect…world is in trouble. Supply chains are falling apart and regional conflicts the like that we haven’t seen since WWII are about to take place. Russia wants to attack and control its former territories. China wants to attack Taiwan and threaten countries in the South China Sea. India and China want to exercise territorial claims. Turkey and Iran are competing for influence in the Middle East. Who knows how many conflicts will arise in Africa?
Brazil, China, India, Russia and South Africa are a very strong alliance Brazil is a giant of agriculture, China of technology Russia is a giant in energy, oil, gas and others. there is still india which is a power and there is south africa which has a lot of raw material.
@@764ff Mexico, Indonesia, Nigeria, and Turkey (MINT) was the other lesser known group of emerging economies recommended for investment. That is likely a better group than BRICS, especially with what is going on in China and Russia.
Hatts off Professor...Richard Wolff...A whole economic scenario in few minutes... Salaam Respect Namaste to Hosts Guests and viewers.
Prof Wolff and the Democracy At Work Team 👍👍👍
Thank you very much dear Pr. Richard Wolff for having inspired me via your important answer about Mr. David's question in this video. A collateral impact of your answer, I have now more clear idea on monetary inflation
Well done prof !!!
Fantastic explanation. As a business owner who manufactures in the US but relies on raw material from Europe this is of great concern. I feel that he captains of industry and corrupt politics led us to this point in exchange for past profit increases.
Thank you very much for sharing your knowledge and facts of the economic system we jave
Today Brasil and China announced that bilateral trade will not be in dollar anymore.
81% of all trade will still be in USD.
@Roger McMillan and they say socialism doesn’t work lmaoo
Brazil and china will collapse
Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.
i agree with this but the problem now is getting to make the right investments, Lots of people tend to lose their money while investing thereby making them lose interest and also end up discouraging other individuals around them.
I think the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and would-be investors often undermine and most often neglect the importance of technical analysis with regards to investing. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market
Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements or better still get an investment advisor who'd guide you and help you manage your portfolio just like my boss back then, He was working with an IA Nicole Brusher and i would bet he still does. I can boldly recommend her because i've witnessed her performance first hand. She's the real deal.
How can I get across to Nicole Brusher?
you can communicate with her on Instagram
Superb Analysis, thank you. SUBSCRIBED !!
Very insightful!
Thank you Professor! Superb and succinct analysis! 💯🙏
Fantastic analysis . Thanks to Prof. .
Thank you professor for the video, very informative and clear to understand. My take on this is that America has gone too far acting like a corporation rather than actively trying to better it’s citizens or the global community. We go to other countries for oil and destabilize regimes. We are loosing our status as a hegemon and maybe it’s a good thing
You and the professor can quit worrying, quit working, relax and enjoy life. Just go to one of the perfect countries you both worship.
You know, a country trying to better itself and the global community.
Quit torturing yourself in America.
When you reach Nirvana, invite all your like minded friends to leave America and to join you.
Problem solved.
@@jerrybrickley2115 1) not everyone has the means and privilege to leave family/friends and then live somewhere else 2) even if they could, leaving the country Is not an actual solution to the problem 3) I love this country so I’d rather criticize it in order to hopefully one day be proud of it. Instead of being condescending, I recommend at least thinking before you type next time.
@@jerrybrickley2115 you are no better than a victim of abuse defending its abuser. To sit there and say "why don't you leave" is just dumb. You refuse to acknowledge the problem and anyone who does is somehow not worthy to speak on the issue? How can you support democracy if your reaction to criticism is to suggest banishment... the point of democracy is literally for people to recognize issues and attempt to change those issues through educating others so that we can collectively vote against those problems.
@@WhoToldYouThis I wouldn’t bother, trolls like this guy live for the attention. Ironically he’s part of the problem that he refuses to recognize
@@eldenbeastlord842 unfortunately, seems to be a trend with many "proud Americans" I don't understand how so many can be so patriotic and in the same breath be so willing to throw everything to the ground. Part of me feels like the only thing I can do is brace myself for impact cus there is no way to change these peoples mind.
Well said prof.
Thank you for sharing your wisdom.
Richartd you are the greatest of all, thanks for your informative program.
I hope it happens. World needs to be more equal
Excellent presentation Prof
Wolf. Many thanks
Dr. Wolff. You've been fighting the fight for so many years and we, the silent minority, have found our own remonstrances echoed in your exposées. Thank you for a career of service to our nation and its muffled, smothered, stymied but still great and idealistic dream of liberty, fairness and prosperity. While I'm not the biggest fan of ol' Karl, we should note that he singled out the United States as the one country he thought could transition to (whatever he really meant by) "Socialism" democratically, without violent revolution. While the antidemocratic structures of the senate, electoral college, supreme court life tenure, and congressional districting malfeasance thwart popular will, we should note in his sentiment how potent the hope and optimism of the US' potential was and might even still be. Our fate will be the same as that of oligarchic Rome, but something more balanced, humane, modest, and just might emerge in its ashes, perhaps 3 centuries from now. Thank for doing your part to pave the way towards that tomorrow. Far from a foe, those such as yourselves I count among our tried and true patriots. Thank you.
Pro Wolff was right 11 months ago. Now, we know his prediction is still right!
This is what I needed to hear. Thanks 👍
I’m so glad to be alive now and see this tectonic shift!! Giant’s rearranging the world!
You're actually just witnessing the beginning steps to World War 3.
Chaos is rearranging the world 😂
Yes, and as we watch Russia fail, and China's economy barely staving off collapse (while they try desperately to cover it all up, just as they did Covid), we see the U.S. dollar declining in some areas, while not so much in others. Overall, we've seen this NUMEROUS times in the last few decades, and yet the dollar has never even been CLOSE to collapse! That's bc it has too strong a world base, no matter how much countries try to manipulate it. "Collapse" is a very misused word!
Thank you for explaining the problem to the people who refused to believe it which I feel is very high because they don’t understand basic economics let alone balanced a checkbook 😂
Since even Marx understood what money was it doesn't look like the professor? understands the "problem" at all.
@@jgalt308 It doesn't look like the poorly programmed Ayn Rand ChatGPT bot understands punctuation rules at all.
Nor does it understand biased opinions, dishonestly asserted as facts, are completely worthless as arguments.
Very informative thanks!
good update.
As always prof Wolff is correct, his explanation is clear and logical. The collapsing usa’s hegemony in terms of diplomacy, economic power and technologically is clearly evident from what is happening in the world. The process is accelerating as banks are collapsing and high tech industries are laying off personnel due to overstock of chips and declining productivity as inflation remains high and tends to increase rather than decreasing. The moment of US dollar collapsing is near and it could happen in a moment like an avalanche.
Also, don't forget all the talent that requires a visa to innovate in the US. The US is making it ever harder to obtain a visa while other countries now have the infrastructure in place - and, more importantly, the money to build new technologies.
@@MrScunna not true dude, a collapse in US dollar will not start a war between the usa and China. A war costs a lot of money and a collapse in US dollar means the usa will go bust and cannot afford to pay for the military as well as her debt.
Why they don't use their dollars to help the homeless and the poor beggars in the street,
Thank u Sir. Great presentation.
💯
Prof Wolff....Thank you
Excelente trabalho!!
I expatriated myself years ago but I figured I'd have more time to engineer my money transfers. Now, thanks to recent US shenanigans, I have to figure out how to get my assets out of the US quickly without uncle sam clawing back half of what i have.
Best of luck
@krejados Great, get your assets plus your ass too out of US fast.
As empires fail they forbid moving money out. Next they forbid the people moving out. Taxation is theft!
You can give it to me and I’ll make it disappear.
good luck your to late
Thank you for the information 👍
It's a great analysis and better understanding 21st century politics.
Thank you! This is crazy to learn about!
Just imagine how crazy it will be when you really start learning stuff.
That ain't happening here.
Love you Prof Wolff! Thank you for caring enough to share the truth about the USA diminishing dominance!
IT IS A VERY GOOD EXPLAINATION . 👍
Thank You - New Sub & sent world wide! Vital info!
*Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.*
💯💯💯💯
That's why I have been working with 'Gibson Rudy Expert Pro and that doesn't make me daft because in financial dealings one have to be prudent.
يدخل معظم المتداولين في الخروج بربح سريع بنسبة 10%، وهو أمر ليس سيئًا في الرأي العام، ولكن لماذا لا نهدف إلى تحقيق أعلى، فهذا لا يعني بالضرورة أن نكون جشعين.
🚀🚀🚀🚀🚀
Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn't necessarily mean to be greedy.
Thank you for sharing information regarding dollar. It was very informative.
I personally believe that each country should trade in its own currency. It should value it's own currency just like their country. One country should not have dominance all over the world. It is dangerous.
Thanks Sir.
Thanks!
The life of a currency is the trust and honesty that go with it
What will happen to the Euro as the dollar declines in value? Are these currencies inextricably tied, or will the value of the euro actually increase?
What makes you think "fiat money" has any value?
@@jgalt308 Please deposit all of your valueless "fiat money" into my bank account.
Oops! Poorly programmed Ayn Rand ChatGPT AI bots do not have bank accounts, or money, fiat or otherwise.
I think you already know the answer to your question, when the dollar fails, it'll be felt worldwide, and most notably, in Europe. The dollar and the Euro are nearly identical these days. Both fiat currency, which isn't backed up by anything other than whatever faith we put into them. I personally have zero faith in the current US president and his entire administration. I'm not alone I'm sure, but even more than that, we all know the president doesn't control the US, the USA is run by little men in dark suits.
We have bankers who somehow have gained the power to declare war anywhere in the world.. unelected officials over seeing the dollar, their interests lie in expanding and retaining their immense wealth , be it us dollar or Chinese yaun.. when the US dollar collapses (absolutely happening) when that happens, these people will simply shift their allegiance to whichever system allows them to continue to grow and expand their wealth..
They don't give a damn about people, all they see are dollar signs
$$$
@@bruxi78230 Finally someone with common sense.
@@bruxi78230 The US Dollar is only rising in relationship to EU countries and Japan, but falling in relationship to the Rubble and Yuan. In fact, the Rubble was the best performing currency of all modern industrialized countries last year.
Meanwhile, non US/EU countries are beginning to use the stabilized, backed by gold, Yuan for trade, instead of the failing US Dollar. Thus, the professor is right, and you are wrong.
Greetings from Mexico City!! Thank so much for sharing your knowledge, expertise and insights. I can barely imagine what will happen in US when they receive back lots and lots of devalued dollars.
@@darrinito be very welcome to this great Nation. Hope the next government continue with the same fiscal discipline and projects, as the current one. If that happens, economic perspectives would be amazing.
Will there be confiscation of Gold?
@@austin426512 hello and greetings from Mexico City!! US government is being lying to the whole world and specially its own citizens. The US economic situation looks terrible from outside; major economies are reducing their reserves in US dollars considerably and China, India and some other countries are negociating trades in their own currencies. I guess gold is a safe place to stay, but just to keep value, but if you want to preserve capital and get cash flow, you should consider investing in real estate outside US. Mexico is a great option.
@@mariosilva8514 Hello, I am Indian living in Texas and your neighbor. The real estate has gone up so much in usa and it is not worth investing here. I am thinking of investing in india as india is going to grow and is now what China was 20 years ago. My only issue is if gold safe in usa and considering last time there was a confiscation.
@@austin426512 yes, investing in real estate in India sounds like great idea. I guess gold is a safe land in US. Greetings
Sharing will save the world.
They are sharing the world through inflation and financial burden throughout the world through central planning of money. The basic plank of communism.
Great content from prof wolff