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Why The World Is Dumping The American Dollar | Vantage with Palki Sharma

  • Published on Mar 29, 2023 veröffentlicht
  • Why the World Is Dumping the American Dollar | Vantage with Palki Sharma
    China and Brazil have struck a deal to trade in their local currencies instead of the US dollar. They joined a long list of countries including Saudi Arabia, Kenya and India. Why is the world attempting to de-dollarise? Palki Sharma decodes
    #vantageonfirstpost #palkisharma #firstpost #worldnews #globalnews
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Comments • 3 440

  • Firstpost
    Firstpost  2 months ago +159

    Do you think the US dollar has lost its sheen? Leave a comment and let us know.

    • Hamza City
      Hamza City 2 months ago +24

      Already did

    • MrCreative1777
      MrCreative1777 2 months ago +50

      Nope. Everything s still running on dollars the last time I checked.

    • Naram Sai Shanmukh
      Naram Sai Shanmukh 2 months ago +36

      ​@MrCreative1777 yes dollar is the de facto global currency by a long margin but still not as dominant as it was like 5 years ago.

    • Vishnumohan Nair
      Vishnumohan Nair 2 months ago +18

      No, It will take time and sustained action. Ironically it is in the interest of the US that some amount of adjustment happens

    • suraj mg
      suraj mg 2 months ago +11

      Yes, but will take time

  • Roberto Saviano
    Roberto Saviano 10 days ago +1034

    America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

    • Zan Rowe
      Zan Rowe 10 days ago

      Collapse is generous 1st time in our history with a full generation that wasn't taught finacial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.

    • Ulrich Dietrich
      Ulrich Dietrich 10 days ago

      Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, invessting is the only way most people will ever have enough money to retire.

    • Elliot
      Elliot 10 days ago

      That's why I make it a point to speak with a financial counselor before choosing any investments. I've been using one since the pandemic. using profit-oriented tactics and minimizing risk as a buffer against inevitable downtrends. In addition, they have access to insider knowledge and analysis, making failure virtually impossible for them. I made almost $700K after working with an advisor for over two years.

    • Amiyah Watts
      Amiyah Watts 10 days ago

      @Elliot This sounds really interesting. I've been thinking of pulling out my money too. Could you recommend who your advisor is? I could really use some help.

    • Elliot
      Elliot 10 days ago

      @Amiyah Watts Finding financial advisors like LAURA MARIE RAY 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.

  • Tatiana Starcic
    Tatiana Starcic Month ago +913

    Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

    • richard hudson
      richard hudson Month ago +4

      Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.

    • Darnell Capriccioso
      Darnell Capriccioso Month ago +3

      With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.

    • Maia Danziger
      Maia Danziger Month ago +3

      @Darnell Capriccioso Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.

    • Darnell Capriccioso
      Darnell Capriccioso Month ago +2

      @Maia Danziger My Financial adviser is Laurel Dell Sroufe, 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..

    • Jerome Sandwish
      Jerome Sandwish Month ago

      @Darnell Capriccioso She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

  • Williams Melissa
    Williams Melissa Month ago +34

    You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires.I pray that anyone who reads this will be successful in life

    • Caleb Miles
      Caleb Miles Month ago

      Starting early is the best way of getting ahead to build wealth,
      investing remains a priority.

    • Collins Daniel
      Collins Daniel Month ago

      People prefer to spend money on liabilities, Rather than investing in assets and be very profitable.

    • Tariq Muhayra
      Tariq Muhayra Month ago +1

      You are so correct. Save. Invest and spend for necessities and a few small luxuries relatives to total assets ratio 💯💯💯💯💯💯💯💯💯

    • Ann Success
      Ann Success Month ago

      I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this

    • Jessica's Carlos
      Jessica's Carlos Month ago

      you guys are right Fx trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between

  • Allen Rebecca
    Allen Rebecca Month ago +131

    • Eliana Scarlet
      Eliana Scarlet Month ago

      Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader

    • Annah John
      Annah John Month ago

      I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert Mrs Melissa

    • Daniel 🌈🌈
      Daniel 🌈🌈 Month ago

      @Annah John she is legit and I still trade with him, since I am going to retire in my early 40s. Having an Expert BROKER like Mrs Melissa managing my investments is heartwarming. Because I don't have to worry about a thing, I just sit down and earn profits every weekend 😊

    • Isabella 🧣
      Isabella 🧣 Month ago

      @Daniel 🌈🌈 Yeah and she's is extremely perfect with trading cryptocurrencies. I have made a huge profit of $15,000 trading with her.

    • John Kennedy
      John Kennedy Month ago

      Amazing I also started trading with Mrs Melissa recently. $20,000 profits in just 2 months and still counting, Melissa is the crypto trade king as far as am concerned.

  • Umar John
    Umar John Month ago +394

    The most important thing that should be on everyone’s mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies. I want to thank you Jim Alan Yockey For being my source of crypto education, As I am comfortably making 4 Bitcoin weekly using his method

    • Leisa Bernell
      Leisa Bernell Month ago

      You're right, Investing in Crypto market is the best financial decision anyone can make because the crypto market is much more better than anything else currently.

    • Roxy Brasfield
      Roxy Brasfield Month ago

      I personally feel crypto is really worth venturing into especially with the current market dip, it's a perfect buy moment

    • Roxy Brasfield
      Roxy Brasfield Month ago

      Jim Yockey helped me to understand technical analysis, now I can examine the current chart. He is definitely the best pro trader I know.

    • Ghislaine Lule
      Ghislaine Lule Month ago

      Please I'm very much interested. How can I get in touch with this Jim Yockey? I really need to give him a try.

  • Kaizer Souza
    Kaizer Souza 2 months ago +557

    Tired of wars, sanctions, and being controlled. Countries are waking up to reality.

    • lord uliks
      lord uliks 2 months ago +10

      Lol, people are saying does things since Abraham the Prophet. 😂

    • Erik Schiegg
      Erik Schiegg 2 months ago +3

      They are like a coughed pizza - there are little pieces all over the globe.

      INDIA SUPER CLEAN 🇮🇳 Month ago +4


  • Fazalur Rehaman
    Fazalur Rehaman 2 months ago +811

    This is called as true journalism.. No unwanted tension music.. Just straight to the POINT.. ❤

    • Alex P.
      Alex P. 2 months ago +5

      Can you just comment on the clip and stop spamming here?

    • Rishad Pp
      Rishad Pp 2 months ago +5

      There are 2 channels. Mouthpiece of govt.

    • Shuaib Shariff
      Shuaib Shariff 2 months ago +1

      Also wrong

    • New Beginning
      New Beginning 2 months ago +3

      This is a western propaganda channel

    • Foxtrot Creations
      Foxtrot Creations 2 months ago +22

      ​@New Beginning telling the truth is called "Propaganda' in EU

  • Mickey
    Mickey 2 months ago +275

    Much needed change and this is the only way to stabilise world. Every country has the right to do what’s best for them and solve their issues. World is sick and tired of bullying, currency sanctions, democracy propaganda and every kind of nonsense in the world created by America. More regional currency, trade pacts with multi polar world is the way to go

    • Cuckoo Nut
      Cuckoo Nut 2 months ago +9

      The world before the Wuhan pandemic was fine. The world before China entered the WTO was fantastic. It was a quality time.

  • Chris Barry
    Chris Barry Month ago +24

    *Great news😊, Meanwhile, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.*

    • Mary Puth
      Mary Puth Month ago

      wanted to trade, but I got discouraged with the market price fluctuations 😊

    • Emmy Tommy
      Emmy Tommy Month ago

      Can you recommend a guide for me?

    • Chris Barry
      Chris Barry Month ago

      ​@Emmy Tommy I highly recommend Mr Michael T Abagnale. He is my current trader and his strategies are working amazingly well

    • Jack Smoothie
      Jack Smoothie Month ago

      ​@Chris Barry That's true I know Abagnale. I met him at a conference in California 2019 where he introduced us to his business strategy, he helped me cover my student loans with ease


    Palki Sharma is my favourite news journalist of all time. I love her dedication and hard work to her craft. She has reached an incredibly high standard of work and is a pleasure to watch.

    • gautam choudhury
      gautam choudhury 2 months ago +5

      You like her because she is pretty

    • no1youknowz
      no1youknowz 2 months ago +3

      She's also wrong a lot of the time. 🤣 She has huge bias LMAO!

      LIFE107, FAMILY, FITNESS, BOXING, TRAVEL & HEALTH 2 months ago +1

      @gautam choudhury My partner agrees with me on her talent too lol. I have the most beautiful partner and 4 lovely children and am happy. I love Palki Sharma's skills without doubt and the incredible effort she has put in to become so great. There are many beautiful female news journalists, but none with Palki Sharma's skills and her magical tone of voice. She is beautiful but so are many other women beautiful, but for me my partner is the most beautiful woman on this planet. Maybe you should go and find a good woman. Beauty isn't everything. My partner has it all. I always wonder why people like you tell others who admire someone's skills that they like them because they are pretty? You have a weird mind set.

  • Samuele Brunelli
    Samuele Brunelli Month ago +474

    Big ups and big love for the awesome daily content. Because inflation devalues your savings, it compels everyone to be an investor. Meaning you need to preoccupy yourself or offload your time/energy to the study of investment opportunities both of which are very costly. Thanks to Alex Gomez for showing me the appropriate way to get into bitcoin investing and trading with his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Alex Gomez

    • gu cu
      gu cu Month ago +2

      I believe the best online trade one can think off right now is to invest in Bitcoin trade, though stocks are good but ever since I swapped to Bitcion/ Forex trade l've seen so much difference 🥰

    • Maria Clarke
      Maria Clarke Month ago +1

      @gu cu You're right, Investing in Crypt0 market is the best financial decision anyone can make because the crypto market is much more better than anything else currently.

    • Siska Setiawan
      Siska Setiawan Month ago +1

      I personally love proving people wrong but investing in bitcoin for me has not been impressing. How much exactly do you make if you don't mind me asking?

    • Samuele Brunelli
      Samuele Brunelli Month ago +1

      @Siska Setiawan Trading success always depends on applying the right trade signals to your trade. I have been getting the best from using Alex Gomez's trade system.
      I got into the market with 10k and I’m up with 68k in a short period of time . I was able to build a business from my returns 💚

    • Tracy Quartieri
      Tracy Quartieri Month ago +3

      It's very nice to see this comment section. Alex taught me how to trade and recommended some good exchange with lesser fees. so yes if you are in for gains not just holding. i'd highly recommend Alex Gomez for advise and guide.

  • Glenn Cowan
    Glenn Cowan 2 months ago +220

    I wish our news stations were like this, straight to the point,no nonsense reporting!!

    • Nini Prom
      Nini Prom Month ago +12

      It’s call a western media for a reason to uphold those propaganda 🇬🇲

      INDIA SUPER CLEAN 🇮🇳 Month ago +1


    • steven henry
      steven henry Month ago +1

      Lol. Some of this is just propaganda.

    • Fenrir GodEater
      Fenrir GodEater Month ago

      They are dummy just watch the right ones

  • SoonTong Quah
    SoonTong Quah 2 months ago +437

    Yes, the BRICS countries should only use their own currencies instead of the US$.
    And by an amazing coincidence, all these currencies start with the letter "R".
    Real - Brazil
    Ruble - Russia
    Rupee - India
    Renminbi - China
    Rand - South Africa

    • The Art Of Wanderlust
      The Art Of Wanderlust 2 months ago +11

      How will the US pay for foreign oil, if they don't accept the US dollar

    • anwar emritte
      anwar emritte 2 months ago +36

      The new currency will be called the 5R or R5

    • Saurabh Yadav
      Saurabh Yadav 2 months ago +48

      ​@The Art Of Wanderlust they will purchase foreign currency and their currency would depreciat further.

    • Cornelio Pascasio
      Cornelio Pascasio 2 months ago +21

      @The Art Of Wanderlust The US have many resources. They too have oil, gas, coal, green energy, etc. There are not only 6 other countries in this world. Those BRICS+ countries will wake up someday to find out that they really are not indispensable. The US survived when they were not there. The US will survive even when they're gone.

  • Redwood Tree
    Redwood Tree 2 months ago +225

    Excellent reporting. I agree completely. It is said that often times when a reserve currency is taken out and replaced, there is a major war. It took two world wars to remove the British pound ... maybe not this time, we can only hope.

    • fitforweekend
      fitforweekend 2 months ago +21

      The opressor will not allow to change the reserve currency

    • Ragnar Jonsson
      Ragnar Jonsson 2 months ago +18

      @fitforweekend he has no choice.

  • Roddy Woods
    Roddy Woods Month ago +1011

    A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

    • Aden Mall
      Aden Mall Month ago +1

      The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits

    • Kayla Wood
      Kayla Wood Month ago +1

      in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

    • bset days678
      bset days678 Month ago +4

      Inflation is over 8percent. The stock market is down 20% this year. Keeping my money in bank could be no good but inveesting is riskier, I wish to find better value deals as asset prices keep decreasing but lack the knowledge, mind if I look up your adviser? I admit this is the only way for amateurs like myself

    • Kayla Wood
      Kayla Wood Month ago +1

      credits to Eleanor Annette Eckhaus, one of the best portfolio manager;s out there. she;s well known, you should look her up

    • hush bash
      hush bash Month ago +1

      I've come across a lot of recommendations but this one stands out. Eleanor Annette resume is pretty sophisticated, and shows she was active during the last bear market, I also emailed her. Thanks for the info!

  • Emily
    Emily Month ago +855

    America as we know it is finished. All indications point to 2023 being a year of severe economic pain across the country. Put that money to work right away to make it grow. I knew I had to make an investment. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600,000 since 2020...

    • thelastunicorn1987
      thelastunicorn1987 Month ago +3

      -Congrats. The true financial unlock comes when you understand and know the technique required to manage your investment's overall risk profile and avoid permanent capital loss. It is critical to have a strategy in place to capitalize on profits when they occur...

    • Stevens Middlemass
      Stevens Middlemass Month ago +2

      @thelastunicorn1987 If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Because their entire skill set is based on going long and short at the same time, they employ a profit-driven strategy based on individual risk tolerance...

    • Patricia Martin
      Patricia Martin Month ago +4

      @Stevens Middlemass Exclusive information and data pathways that are not accessible to the general public are available to fiduciary-counselors. At the instruction of my Fiduciary-counselor "STACIE KRISTAL WEBER," I made over $560k between Q3 and Q4 of 2022. I anticipate more...

    • Uncle Tony
      Uncle Tony Month ago +1

      @Patricia Martin -How can I get in touch with Stacie? What are her offerings? Is she verifiable? Do you believe she can assist me? I am from Canada...

    • Patricia Martin
      Patricia Martin Month ago +2

      @Uncle Tony Stacie 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...

  • Joyboy
    Joyboy 2 months ago +320

    US is like : Oh our banks are falling, Print money in billions.
    Inflation : 😒😒

    • Srinivas Ramanujan
      Srinivas Ramanujan 2 months ago +1

      Wait a few years and we will talk.

    • Ali
      Ali 2 months ago +4

      launched like a rocket.

    • Antonios Dimoulas
      Antonios Dimoulas 2 months ago +10

      @Srinivas Ramanujan Who is gonna be alive in a few years to talk???

    • Saurabh Yadav
      Saurabh Yadav 2 months ago +4

      ​@Antonios Dimoulas Communication with the soul would have been possible.

      SOUMIL SWAPNA 2 months ago +2

      ​@Saurabh Yadav😂

  • Qayyum Khan
    Qayyum Khan 2 months ago +275

    Palki Sharma always brings happy news 🎉👏. Thank you.

    • Super UGLY Paul
      Super UGLY Paul 2 months ago +3

      The news isn't always happy, yet I can see why you would be happy to see such a physically attractive woman with an attractive voice.

    • KinKin
      KinKin 2 months ago +7


    • Super UGLY Paul
      Super UGLY Paul 2 months ago +1

      @KinKin ?!

    • BangarBob
      BangarBob 2 months ago +1


  • leo jones
    leo jones 2 months ago +114

    Doesnt have to be China yuan alone, the Indian Rupee would be alright too, the two nations of India and China have a lot of room for cooperation. And not using the dollar will help other countries' imports to be a lot less expensive too, only the US will be the loser.

    • Miguel H
      Miguel H 2 months ago +20

      The India-China alliance is truly a sleeping giant. It just needs to be awaken.

  • Jessica Wesbond
    Jessica Wesbond Month ago +497

    The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendations to scale up my returns during this crash will be highly appreciated...

    • Tommy Chestnut
      Tommy Chestnut Month ago +1

      You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings..

    • Chris Bluebird
      Chris Bluebird Month ago +2

      @Legado "Wendy Helene Bennett"’ does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.

    • Mesut Serim
      Mesut Serim Month ago

      @Chris Bluebird Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

  • Ricky Yamamoto
    Ricky Yamamoto 2 months ago +72

    Why is there a widespread desire to abandon the dollar? It is because when the Federal Reserve creates fiat money, it essentially takes away from the reserves of all countries holding dollars. Inflation not only affects consumers, but also anyone holding dollars. In essence, the dollar has enabled the systematic draining of wealth from nations without their awareness. Emitting fiat money is not necessarily harmful for countries as long as it is proportional to their GDP growth, since this means that they are capturing their own growth. However, the hegemon uses global GDP rather than national GDP for this purpose, which means it is stealing from the growth of other countries. Countries will only move away from the dollar if they are not concerned about facing sanctions or military retaliation. Thus, the anti-dollar trend is a consequence of poor governance and a decline in the hegemon's power.

    • Ricky Yamamoto
      Ricky Yamamoto 2 months ago +14

      The argument being made is that the scheme was deemed satisfactory by most nations as long as the hegemon fulfilled its role in providing leadership, promoting order, serving common interests, and demonstrating philanthropy towards the weak.
      However, it is apparent that these conditions have not been met for quite some time due to poor governance, excessive self-centeredness, and instances of mistreatment.

    • 30 seconds Tech
      30 seconds Tech 2 months ago +5

      @Ricky Yamamoto lol the only reason India kept about half a trillion USD worth of reserves is because of Oil.
      we import about 100B USD worth of crude oil every year and it can only be purchased using USD. This creates artificial demand for USD.

    • Ricky Yamamoto
      Ricky Yamamoto 2 months ago +5

      @30 seconds Tech who is talking about the reasons for holding dollars, The whole video is about the opposite. That is the reason for leaving them. Anyways, it is obvious that you guys needs to hold dollar not because you wanted, it is because you did not have an option.

  • gjp
    gjp Month ago

    For Brazil, BRICS served three significant functions: It reinforced its identity as a rising power in economic and political terms. It catalyzed more robust trade relations with emerging economies. It provided a safe space for Brazil to interact with China as equals. 1:16 [NIICE Org]

  • Louisa Irvin
    Louisa Irvin 2 months ago +715

    The market and the Fed consistently underestimate the sticky nature of inflation. The markets are still unsure if the Federal Reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I'm still deciding whether to sell my $401k worth of stocks?

    • Lloyd Bernard
      Lloyd Bernard 2 months ago +3

      Even though there will probably be more pain in the future, investors should look for stocks like Royal Philips NV and Alstom SA that have been sufficiently battered down to be a bargain or get a great portfolio manager.

    • Bastian Russo
      Bastian Russo 2 months ago +2

      @Lloyd Bernard Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

    • Rose Roland
      Rose Roland 2 months ago +2

      @Bastian Russo 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?

    • Bastian Russo
      Bastian Russo 2 months ago +1

      @Rose Roland I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy KAITLIN ROSE STERNBERG a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.

    • Rose Roland
      Rose Roland 2 months ago +1

      @Bastian Russo Thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It's clear from her résumé that she's extremely knowledgeable and skilled, and I'm so excited to have the chance to talk to her!

  • Dumb Done
    Dumb Done 2 months ago +44

    This piece of news was way more objective when it involved China. I appreciate that you weren’t bashing China liked the Western irrational alliance. If you can continue with objective and unbiased reporting, I and many other people will flock to your channel. Thank you and I hope you or your staff will read this comment.

    • offiz 2011
      offiz 2011 2 months ago +6

      But you notice something?... Palki will not allow China alone in the limelight (i.e. the main topic - many nations using RMB or Yuan currency) ... she interjects Indian Ruppees into the conversation! hahaha

    • Scorpio Rules
      Scorpio Rules 2 months ago +3

      ​@offiz 2011 So? The news piece was not about China, it was about countries using alternate currencies. That includes Yuan and Rupee

    • Christian Soldier
      Christian Soldier 2 months ago

      Attention!!! Hell is real!!! Where will you go when you die??? If the rapture took place today, would you be left behind??? Jesus loves you and He died for your sins. Anyone who rejects Jesus Christ will not see the Kingdom of Heaven. Humble yourself to REPENT and put your faith in Jesus Christ as your Lord and Savior. Mark 1:15 For the Kingdom of God is at hand, repent and believe in the gospel...

  • Georgina Louis
    Georgina Louis Month ago +596

    The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?

    • Carter
      Carter  Month ago +4

      We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.

    • Phil Stones
      Phil Stones Month ago +2

      @Carter There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire

    • Theressa
      Theressa  Month ago +3

      @Phil Stones I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

    • Theo Alex
      Theo Alex Month ago +1

      @Theressa 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 yo help?

    • Theressa
      Theressa  Month ago +5

      @Theo Alex My Financial Advisor is CASEY ALLEN GRAY. 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.

  • nosheen I
    nosheen I 2 months ago +16

    Straight to the point! Love from Pakistan . I like how you read. No drama ! We as Pakistani people are facing a lot due to rising inflation and therefore high dollar rate.

  • Mary Charles
    Mary Charles Month ago +5

    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.

    • Long Yao
      Long Yao Month ago +1

      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.

    • Pong
      Pong Month ago

      @Long Yao So true, you prim king of bitcoin you! Now if only an honest stranger on the internet would tell me where to invest all my savings.

  • Tom Kuria
    Tom Kuria 2 months ago +196

    You are right Palki. Even in Kenya. President just announced oil will be imported in Kenyan shillings for 6 months

    • eaman
      eaman 2 months ago +3

      Just wait for the first time that the shilling goes on a roller coaster.

    • santusantu rohit
      santusantu rohit 2 months ago +5

      Will Kenya join BRICS?

    • Tom Kuria
      Tom Kuria 2 months ago +25

      @santusantu rohit At the moment america is threatening us with sanctions hence we are trying to please both sides in order to develop as a country but we would wish to join BRICS

    • Jigsaw
      Jigsaw 2 months ago


    47PANADERO 2 months ago +5

    Well said Palki. Remember that when all those dollars are repatriated to the US it will cause high inflation. In 1947 the Soviet Union aptly referred to the IMF and the World Bank as "branches of Wall Street". The loss of the US dollar as the global reserve currency inevitably means the end of the American empire. I look forward to that.

    • Delta Dawn
      Delta Dawn Month ago

      IMHO The federal reserve will do a currency exchange when the cbdc is rolled out. If the cbdc is backed by gold and greatly reduced from the amount of dollars floating around then there would be no real financial collapse. There would simply be a shift in currencies.

  • Edwin Joy
    Edwin Joy 2 months ago +24

    "It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one.":- Barry Eichengreen.

  • Cassie Jacobs
    Cassie Jacobs Month ago +28

    Crypto currency will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% of my investment

    • Hayden Craig
      Hayden Craig Month ago

      I'm from Spain, I have been an investor in the crypto market for over 2 years now

    • Hayden Craig
      Hayden Craig Month ago

      Now is the best time to purchase and invest in Bitcoin stop procrastinating

    • luke ben
      luke ben Month ago

      I recently got into forex trading and I'm already marvelling over the profits am making I'm like "how the hell have I been sleeping on this

    • Madie Zancanellatl
      Madie Zancanellatl Month ago

      That's very impressive are you giving her your money or does it stays in your trading account? What's really the idea behind the copying trades?

  • Joseph John
    Joseph John 2 months ago +12

    It's a very good move by some countries to transact trade in their own currencies & avoid US dollars. Once for all US's domination in world trade with their fiat currency of dollars needs to be challenged as it appears the exchange value of its intrinsic value is in serious doubt as the US Fed keeps on printing massive amounts of dollars to suit it's selfish interests & the real intrinsic value of dollar today is in serious doubt & hence it is in the best interests of the countries to arrive at appropriate exchange rates with its trading & in some cases even go for "Barter" system depending upon demand -supply of goods & services. As it is USA's debt to GDP ratio is more than 100 percent & among the highest in the world & that way also it is exporting inflationary value on it's dollars doing trade with other countries which is not favourable to its trading partners...

    • Carolle N
      Carolle N 2 months ago

      I wonder which countries will need a bartering system...

    • Joseph John
      Joseph John 2 months ago

      @Carolle N Due to economic sanctions by USA , Iran is engaged in barter system of trade with Thailand which they claim to be beneficial for both Iran selling crude oil for Rice from Thailand. Similarly many smaller countries are engaged beneficially in such trade like Singapur & Malaysia and some countries in the African continent...

    • Carolle N
      Carolle N 2 months ago

      @Joseph John /// God bless the old and proven bartering system. It's a fair one, when considering it makes some smaller countries' economy sustainable. Some countries like Canada have all the resources they need, they can become a bartering system if they wanted to. However, Canada is viewed as a little brother to USA. Hopefully Canada can also join BRICS. and leave USA fix their own problems, they made this economic mess so, I'm not placing all my eggs in one basket.

    • Joseph John
      Joseph John 2 months ago +1

      @Carolle N Yes madam barter system of trade is a real boon under the present political climate where USA behaving like world's policeman dictates terms to suit their interests & impose economic sanctions which becomes unbearable for smaller countries to survive. Ofcourse Canada is an exception as it is joined at the hips with USA & it's the 2nd biggest country after Russia with massive untapped & unexplored mineral wealth & other economic resources & it can take care of itself but not the smaller nations which are still developing & others which are struggling for development and for them this barter system of trade can come handy 🙏🙏🙏

    • Carolle N
      Carolle N Month ago

      @Joseph John /// Thank you for your reply Joseph, you know maybe some day all will find themselves on a barter system. I'd like to go back to 1920's Somehow I belong there it seems; I love everything about that era. Take care.

  • Juan Felipe
    Juan Felipe 2 months ago +22

    I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have, making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Jasmine Querida. I now make huge profits by weekly through her services while still learning to stand on my own.

    • Oliver Clinton
      Oliver Clinton 2 months ago

      I think she trades for everyone I meet. I met her twice at a meeting in Australia and after the lectures from Jasmine I had to personally ask her to be my financial advisor. He is definitely good

    • Stephen Enriquez
      Stephen Enriquez 2 months ago

      I trade with her every week and make huge profits from him. Jasmine's consistency is crazy.

    • James Pacheco
      James Pacheco 2 months ago

      A wise person should know that in order to build success, should invest wisely and have proper knowledge or guide in the finance market.

    • Clark Walter
      Clark Walter 2 months ago

      After a long search for a professional trader with consistency matched with good profit, i often come across Querida her exploits in the trading world but i have no idea how to reach her.

    • Pamela cabelaro
      Pamela cabelaro 2 months ago

      As a first time investor I started trading with her, i appreciate her straight and simple approach towards educating traders. my portfolio has grown much more within just weeks of trading with her.

  • Gopalakrishnan Sivasamy
    Gopalakrishnan Sivasamy 2 months ago +185

    Countries waiting for IMF bailout can't come out of dollars. IMF and world bank will use the debt trap to blackmail. Example: Sri Lanka and Pakistan.

    • Kaze Garasu
      Kaze Garasu 2 months ago +25

      Pakistan kinda dig their own Graves tbh...

    • Cass
      Cass 2 months ago +24

      The IMF too will be replaced. Most of the reason it's needed is US policy.

    • Cool Kal
      Cool Kal 2 months ago +1

      They don't make much of global trade

  • Bhāratavarsha
    Bhāratavarsha 2 months ago +5

    When you force people to an extent that they can't tolerate anymore, these things are bound to happen...
    Not just US, but for every nation.

  • kevs mills
    kevs mills 2 months ago +699

    We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?

    • isaac meide
      isaac meide 2 months ago +5

      Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival

    • ivan mpa
      ivan mpa 2 months ago +5

      @isaac meide These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones

    • viviane cardoso
      viviane cardoso 2 months ago +2

      Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

    • Ella
      Ella  2 months ago +2

      @viviane cardoso It's a good time to buy and basically I've just got cash sitting duck in the bank and I'd really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up

    • viviane cardoso
      viviane cardoso 2 months ago +2

      credits to ISABEL LINDA DUERI, one of the best portfolio manager;s out there. she;s well known, you should look her up

  • Vishal Mishra
    Vishal Mishra 22 days ago

    Reserve currency concept applies to individual human beings also. Some people store their own wealth as money under the mattress, some trust the bank to get some interest, some in stocks so their wealth grows and shrinks with the market, some in real-estate so the wealth is a bit more inflation adjusted, some in gold and so on. Your wealth will grow and shrink based on your choice of your reserve currency, and how you balance it across multiple instruments. Just like gold mining has natural limits, there are reasons why BitCoin cannot be minted (like dollar printing) beyond a maximum limit (21M). It is important to review your wealth buckets and see if any change is needed in your reserve currency to be moved between any buckets.

  • Mark Hunt
    Mark Hunt 2 months ago +23

    Brazil can switch Right to Left, and it doesn’t matter: BRICS rolls ahead in all its manifestations. People emphasize what China wants, but of course, Brazil wants out of using USD, as do many other nations. China will support settlements with the India Rupee. All the BRICS nations have a vision of a multipolar world, as opposed to a vision of a bipolar world where US hegemony faces one competitor. BRICS is a vision of distributed leadership and financing, across many countries.

    • Dudu
      Dudu 2 months ago +3

      Exactly, greetings from Brazil 😗☕ 🇧🇷

    • Dr Bh
      Dr Bh 2 months ago

      @Dudu we want to ditch dollars

  • Thomas Agorhom
    Thomas Agorhom Month ago

    Palki Sharma, you are a gem. No unfounded info, just facts.

  • Planet M
    Planet M 2 months ago +127

    Changes must happen and will happen not only in currency in every sphere.....not easy to digest immediately but get used to it in long run....

    • Danh Tran
      Danh Tran 2 months ago +1

      At this rate, it's best to take up hunting, at least some potatoes planting class, turn off the TV, and pray you don't get hit by an asteroid. Ditching the dollar is not going to help...

    • G S
      G S 2 months ago

      @Danh Tran right on

    • Saa 'ngalia
      Saa 'ngalia Month ago +1

      ​@Danh Tran it's gonna help ..they nolonger be able to use it aas a weapon😂😂

    • Danh Tran
      Danh Tran Month ago

      @Saa 'ngalia weapon?... You mean they keep begging for more loans.... 😂...silly comment...

      INDIA SUPER CLEAN 🇮🇳 Month ago


  • Bran Stark
    Bran Stark 2 months ago +78

    Meanwhile, the Philippines decided to take 10 steps back and fully pivot towards a very pro-US policy.

    • dpang
      dpang 2 months ago +10

      Philippines likes to look up to brother America. God bless you, Philippines!
      Hope you made sound decisions.

    • Tina Forbes
      Tina Forbes 2 months ago +41

      ​@dpang The worst one they've ever made in this decade.

    • Violent Cabbage
      Violent Cabbage 2 months ago +20

      @dpang Philippines couldn't stand up against China and had to resort forging closer ties with the US. The previous Filipino president said that the US wanted to use Philippines to fight against China

  • Thereareclouds
    Thereareclouds 2 months ago +60

    I was just thinking about how much I missed her reporting yesterday. Glad to have found this channel!

    • TTT
      TTT Month ago

      Well She has resigned from Wion to have joined CNN NEWS 18 India as seen.

  • Demosthenes Florival
    Demosthenes Florival Month ago +2

    "the dollars downfall though has begun".... Palki has a way of making things clear. NO sugarcoating!

  • Raja
    Raja 2 months ago +69

    If they can arrange 5-6 such currency by creating a trade web, it would put a check mate to dollar 💵💰.

    • Seen God
      Seen God 2 months ago +1

      We’re coming in the name of democracy don’t worry. Lol

    • anwar emritte
      anwar emritte 2 months ago

      ​@Seen God Absolutely right

    • Deepak Arya
      Deepak Arya 2 months ago +5

      ​@Seen God Yes you'll come and retreat, same like vietnam and Afghanistan 😂😂

  • Lisa Ollie
    Lisa Ollie Month ago +187

    My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money averaging about $2 million was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing

    • Louisa Irvin
      Louisa Irvin Month ago +9

      Well, the top players and pros have exclusive information and data paths that are not disclosed to the public. Knowing the strategies to use during this time is one thing and having the right information to execute them successfully is another.

    • Alexander Webber
      Alexander Webber Month ago +6

      I agree, my profit has been consistent regardless of the market situation, I entered the market in early 2018 and the constant downtrends and losses discouraged me so I sold, came back in December 2020, this time with the guidance of a recommended investment advisor from a well-known economist on a subreddit, long story short, it's been 2 years now and I've made over $850,000 on the guidance of my investment advisor.

    • Legado
      Legado Month ago +5

      I've lost a ton just hanging on so I can bounce back I really need help, so who is this investment advisor guiding you?

    • Alexander Webber
      Alexander Webber Month ago +5

      My advisor is ''KAITLIN ROSE STERNBERG''. In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.

    • Glen Bert
      Glen Bert Month ago +2

      trump wouldn't allow the US dollar to get to this

  • Hosanna
    Hosanna 2 months ago +154

    Well the #1 reason why the world is de-dollarizing is because America has a $31 trillion national debt that can never be repaid. Put on your geopolitical thinking cap on.

      DRAGONSLAYER 2 months ago +13

      Yep the world is subsidising the US right now as there is a never ending demand for dollars owing to the petro dollar system, this also allows the US to keep printing money and is what china is hoping to break.

    • Cornelio Pascasio
      Cornelio Pascasio 2 months ago +1

      Have you ever wondered why all countries in the world are in debt? And the richest of them have the latgest debt? For example, it's considered that Singapore is the richet ASEAN country, based on their GDP. Yet they have the largest debt among the ASEAN Countries. The USA, China and Japan, are among the richest in the world, and they are on top of the most indebted countries in the world. Have you ever wondered?
      I have $200 US in my wallet. That means, the US owed me $200 worth of goods. If I light a match and burn that dollar, the US no longer owe me anything.

    • Cornelio Pascasio
      Cornelio Pascasio 2 months ago +1

      Before 1971, the US will exchange your dollar for gold, solid gold. Now you must buy their product by paying them the dollar. If you don't want them to pay by the dollar, instead you pay them with the 5R, will they accept it? You are lucky if they do!

    • alan yosores
      alan yosores 2 months ago +6

      ​​@Cornelio Pascasio 😂😂😂 why I buy American product? When there is available from BRICS with cheap price🤣 they have no choice to devalued their currency and accept 5R🤣🤣🤣

  • Andreas Vankur
    Andreas Vankur 2 months ago +661

    One great method to enhance your wealth is by working with a skilled portfolio advisor who can research and experience a wide range of markets. The value of the U.S. dollar clearly has an impact on investing in a variety of ways.

    • Carol Sitsons
      Carol Sitsons 2 months ago

      The one effective technique I'm very confident with using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skill sets are topnotch, I've raised over $700k since 2022. Just bought my 3rd property for rental. Thanks to Zach Micah Demers.. my Investment-Adviser.

    • Saulo Avien
      Saulo Avien 2 months ago

      Indeed, we're just a few information away from accumulating wealth. I know a lot of people who made fortunes from the Dotcom crash and the 2008 crash, and I've been researching prospects in the current market. Might this coach who mentors you be of assistance?

    • Sawyer Borris
      Sawyer Borris 2 months ago

      Because of these market uncertainties, I was left holding worthless positions in the market in 2020, thus I don't base my market analyses and decisions on rumours and hearsay. I had to completely restructure my portfolio with the help of an advisor Sir Zach Micah Demer before I saw any visible benefits; I've been working with the same advisor and have scaled up 200k

    • Dr. Jonathan Yuval
      Dr. Jonathan Yuval 2 months ago

      How can I engage with Mr Zach a lot has been said of him

  • T Powell
    T Powell 2 months ago +10

    Glad I found you! Glad to see your Still doing true journalism, for the people!!

  • Delva Fairweather
    Delva Fairweather 2 months ago +145

    This's very very good for the world no one country should dictate the world 👏

    • Angiebaby99
      Angiebaby99 Month ago +1

      True. They won't be dictating no more.

  • Sophia Davis
    Sophia Davis 2 months ago +17

    Thanks bud for keepin us financially
    Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.

    • Jenna Katie
      Jenna Katie 2 months ago +1

      That's awesome!!! I know nothing about
      investment and I'm keen on getting
      started. What are your strategies?

    • Chris Andrew
      Chris Andrew 2 months ago +1

      As a beginner investor, it's essential for
      you to have a mnentor to keep you

  • Esmooth The God
    Esmooth The God 2 months ago +9

    Thank you for providing non fabricated news 👏🏿

  • •_Xx Ria xX_•
    •_Xx Ria xX_• Month ago

    Here in the Philippines, many people know this over a year ago. Now more and more people are believing it because of what is happening in America.

  • Franklin Egbuche
    Franklin Egbuche 2 months ago +301

    Most countries should switch currency. America has abused the dollar for decades.

    • تياياس تبابا
      تياياس تبابا 2 months ago +8

      Perfectly said 👍👍

    • Donald Hutchinson
      Donald Hutchinson 2 months ago +26

      Sanctions are other reason why they want to get away from the system.

    • EroticOnion23
      EroticOnion23 2 months ago +9

      Why would the world want Indian rupees? What does India sell? Cow-pies??...😂

    • Kweku Official
      Kweku Official 2 months ago

      ​@EroticOnion23 😅😅😅😅

    YASH GUPTA 2 months ago +86

    Indian gov should use this as opportunity to gain dominant international presence of rupee

    • Eric
      Eric 2 months ago +8

      😂😂😂that fucked up currency

    • SP RRR
      SP RRR 2 months ago +18

      ​@Eric watch continuously everything going to change very soon😂

    • offiz 2011
      offiz 2011 2 months ago +6

      It is NOT so simple. There are COSTS to internationalizing a currency. Not only it is very expensive administratively, you lose CONTROL of the currency. Speculative attacks on the currency is very real if your economy is NOT strong. Also you need both HARD power & SOFT power to ensure other countries support your international curreny.... and that is NOT cheap!!!

  • Lei da Atração .
    Lei da Atração . 2 months ago +6

    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, a power and affection from the south that has a lot of raw material.

  • Uko Girja
    Uko Girja Month ago

    You r my dictionary of global news analysis 👏 ❤

  • Jacare1973
    Jacare1973 2 months ago +5

    I meant to say that taking on the Yuan could be very risky for countries already at economic risk considering China has been known to artificially devalue their currency.

    • Crescent  moon 🌙
      Crescent moon 🌙 Month ago

      Is backed by Gold and silver rmnb it will be digital currency backed by gold. And the price will come back to 1950.

  • Simon Donaldson
    Simon Donaldson Month ago +1

    They had this planned years ago, time was all it took to get it in motion

  • Joe
    Joe 2 months ago +115

    2022 China-Brazil trade was 150B$, almost 3/4 of China-Russia. Not bad at all.
    India-Brazil target was 15B$.

    • Jigsaw
      Jigsaw 2 months ago +16

      India China should also start Ruppee RMB trade our trade is 125 billion dollars

    • ShOuT OuT LoUd
      ShOuT OuT LoUd 2 months ago +13

      ​@Jigsaw India isn't grown that level yet .. the reality that china is far ahead than India

    • Jamie Rose
      Jamie Rose 2 months ago +4

      US-China trade in goods hit a new record in 2022, according to data published by the US Bureau of Economic Analysis (BEA) last week. Total imports and exports grew 2.5 percent year-on-year to reach US$690.6 billion, breaking the previous record of US$658.8 billion set in 2018.
      This is just US. Add the rest of the West's trade, and it's over 1.5 trillion.
      All in $US. China is selling its US bonds to pay for its failing internal loans. China is collapsing.
      It will be North Korea in 10 years.

    • K S
      K S 2 months ago

      @Srinivas Ramanujan 🤣🔥

  • David Mulabi
    David Mulabi 2 months ago +2

    You should have balanced this by examining the requirements for a reserve currency. Issues like open, flexible financial markets needed to support a global reserve currency but China’s need for control makes make it doubtful. People need a stable government, not one with a repressive political culture that can rapidly affect trust in the currency any time. A simple question I always ask people: if you are given 700 Yuan and 100 dollars, what would you take? I really hope for credible alternative to the Dollar but right now the Yuan is still very far.

  • J4CK FL4SH
    J4CK FL4SH 2 months ago +22

    I'm shocked that the UK, New Zealand and Israel are looking to move away from the dollar too, as Aristotle Onassis said "I have no friends and no enemies - only competitors."

    • Pat Greco
      Pat Greco Month ago

      No honor amongst thieves...no love in the jungle...nature is red in tooth and claw.

  • gjp
    gjp Month ago

    "The founding myth of the emerging economies has faded," confirmed Günther Maihold, deputy director of the German Institute for International and Security Affairs, or SWP. "The BRICS countries are experiencing their geopolitical moment."
    Brazil, Russia, India, China and South Africa are trying to position themselves as representatives of the Global South, providing "an alternative model to the G7." 0:13 [DW News]

  • Vinod Bhai MBBS 🅥
    Vinod Bhai MBBS 🅥 2 months ago +2

    Outstanding way of journalism!👍👌

  • chan400
    chan400 2 months ago

    Good reporting.
    Each Dominant world currency usually reigned for 100 years in the past. Ex. British Pound from 1850 to 1950.
    Dollar's years are numbered, until 2050 approximately.

  • vikash kumar
    vikash kumar 2 months ago +142

    de-dollarisation is eminent.

    • Bhai Jaan
      Bhai Jaan 2 months ago +3

      yeah and so as other fiat currencies

    • Michael Rivelio
      Michael Rivelio 2 months ago +5

      yeah good luck with that lmao

    • Devansh Anand
      Devansh Anand 2 months ago +1

      and no-rupeerisation is also imminent

    • Jigsaw
      Jigsaw 2 months ago +5

      ​@Michael Riveliothank you lmao...

    • hi
      hi 2 months ago +6

      As an American it’s saddening but I’ll gladly sacrifice my country in order to save the world

  • ixanaths
    ixanaths Month ago

    This is GOOD NEWS. The world would be a safer and better place with more balance of power among nations, and that applies to global currencies. Relying on just one country's currency as the global reserves currecny (ie US $$) gives US the huge advantage of being able to print as much money as it wants with little or no consequences. It also gives US the power to suppress and bully developing nations.

  • Anik Samiur Rahman
    Anik Samiur Rahman Month ago

    The last time I checked, USD isn't really depriciating much. Not sure, but I guess USD is still in net appreciation.
    Personally, I'm a Bangladeshi working and living in India. My own perception is - its just too hard to get Rupee or Yuan and they are too volatile as well. I still has to rely on USD to get or send money to/from home. Without making Rupee or Yuan easily available to all, eg: making Rupee-Taka, Yuan-Taka systems or widespread currency swap at a good rate, its not gonna make much of an scratch to USD.

  • Lakeof Bays
    Lakeof Bays Month ago +3

    Relax Palki. USD will be there even after your retirement. I am hearing the demise of USD for the last 50 years. Problem for China's Yuan is that nobody trusts China. That is a big problem. Trust is very, very important. I have some knowledge about finance. I hold a finance MBA from UK and also CPA designations from US and Canada.

  • D S
    D S 2 months ago +1

    The US dollar used to have the backing of gold. This was taken off by Nixon in 1971. But since the currencies of major hydrocarbons producers in OPEC were more or less pegged (fixed) and hydrocarbons were the only major source of energy US Dollar enjoyed their reign.
    Now that the world in seeing the diminishing role of hydrocarbons as energy source, there is bound to be diminishing role of USD in international trade. Even the OPEC countries like Saudi Arabia and UAE are trying to manoeuvre part of their trade outside USD.

  • dvspike21
    dvspike21 Month ago

    'Don't underestimate Joe's ability to (expletive) things up'

  • Mohammed Shoeb
    Mohammed Shoeb 2 months ago +18

    Good decision by Indian governments about Indian currency

  • Swapnendu Goon
    Swapnendu Goon 2 months ago +16

    Also note that India-China trade is +100 billion and India will not be happy for Yuan as the trade is highly imbalanced in China's favour. So, it'll not be that easy for China to ditch dollar overnight.

    • Dil Se
      Dil Se 2 months ago +5

      Yes in this case they can settle in their local currency instead of the dollar.

    • Tina Forbes
      Tina Forbes 2 months ago

      ​@Dil Se Correct.

    • Christian Soldier
      Christian Soldier 2 months ago

      Attention!!! Hell is real!!! Where will you go when you die??? If the rapture took place today, would you be left behind??? Jesus loves you and He died for your sins. Anyone who rejects Jesus Christ will not see the Kingdom of Heaven. Humble yourself to REPENT and put your faith in Jesus Christ as your Lord and Savior. Mark 1:15 For the Kingdom of God is at hand, repent and believe in the gospel...

  • HavenCat
    HavenCat 2 months ago +1

    very good! India and China should cooperate on this, it will benefit both of them. cheers from UK

  • Dia Don
    Dia Don Month ago

    World is changing so quickly. So much is changing ! For good or bad only time will tell !

  • Chandra Singh
    Chandra Singh 2 months ago +22

    Thanks for keeping me informed.

  • Not_A _Drunk
    Not_A _Drunk Month ago

    One of the modestly dressed news presenters now in India is Palki Sharma. Respect to you

  • SVK
    SVK 2 months ago +15

    Dollar is used as a weapon . Sanction, freezing assets ( Swift playing games ) have made the world look for alternatives.

    • Lords Child
      Lords Child Month ago +1

      The world has been looking for an alternative for decades, the dollar may decline a bit but it’ll more then likely stay on top for a long time…

  • V K Gupta
    V K Gupta 2 months ago

    If there is multi currency trade, life would be more complicated. It is turning back the clock.Thought should be given to developing a multinational digital currency that is not tied to the economies of one or two countries and is administered by an international financial institution.

  • OnWeb247 com (Moving Street Scenes 街景)

    Good presentation...
    Excellent diction and style by presenter... 😊

  • VeNoM
    VeNoM 2 months ago +40

    Yuan will be the competitor for the US dollar. I mean, they're the factory of the world and their imports are increasing as well. I can see a lot of nations opting for the yuan

    • Elmer Kilred
      Elmer Kilred 2 months ago +8

      Chinese social credit coming to a nation near you! LOL!

    • Jimmy Chaves
      Jimmy Chaves 2 months ago +1

      Like ur buddy klaus

    • paul ferrer
      paul ferrer 2 months ago +4

      Chinese money is trash

    • Eros Kaw
      Eros Kaw Month ago

      good luck

    • PC Trash Talk
      PC Trash Talk Month ago

      The US govt told us that the Service Economy would be great and we could ship all of our manufacturing to China. Thanks

  • RM Azim
    RM Azim Month ago

    As usual Great Presentation.
    Days of Dominance and Hegemony of the United States has ended finished and a thing of the past.

    TAPAN KUMAR MURMU 2 months ago +56

    It is a revolutionary idea for local currency☺☺👏

  • John Thomas
    John Thomas 2 months ago +38

    Never thought I'd live to see this day

  • Aurko Mukhopadhyay
    Aurko Mukhopadhyay 2 months ago +16

    “The dollars downfall though has begun.” Why does this sound like a sweet song to my ears ❤

  • Sun Mun
    Sun Mun Month ago +2

    if you understood the economy a little, you would understand that they will not be able to achieve something like this - there are some economic laws that these countries cannot respect it !!

  • no1youknowz
    no1youknowz 2 months ago

    This isn't about internationalising the Yuan. It's paving the way for countries to not use the dollar in international trade. That is step 1. Step 2, is introducing the BRICS+ currency and a new financial system outside of the US purview. Therefore, no sanctions, no stealing foreign reserves, no kicking off swift.

  • B1
    B1 Month ago +4

    👏👏 the world is waking up and finally seeing this place for what it really is wicked

    • Farrah
      Farrah Month ago +1

      I knew it was all a matter of time. SMH..

  • Arun Gupta
    Arun Gupta 2 months ago +1

    *nothing can stop an IDEA whose time has come ... a quotable quote by VICTOR HUGO ...*

  • ozom
    ozom Month ago

    IMO, if they are ditching the US dollar, they should create a new currency (digital or not) that is not dependent on a specific country else we would have the same issues and abuse in the future.

  • Ben Holland
    Ben Holland 2 months ago +1

    End of an evil empire from day one 😢😢😢😢❤❤❤❤❤

  • cadiondavaotransport
    cadiondavaotransport Month ago +1

    It's alright as long you pay your debt accordingly and responsibly.

  • Diggaj Kunal
    Diggaj Kunal Month ago +1

    Yes..for better world🙏❤

  • King Kelly Rogers
    King Kelly Rogers 2 months ago +51

    The world is waking up 😊😊😊

  • Igor Insanic
    Igor Insanic 2 months ago

    perfect news, background, history, global perspective, power politics.

  • Rene Bondoc
    Rene Bondoc 2 months ago +6

    World Bank and IMF may lose their relevance someday. There are more economic opportunities that have risen from diverse selection of monetary transactions.

  • Moorci23
    Moorci23 Month ago

    Ms Sharma,it's so nice to see you again ! Happy l stumped on your news platform🎉

  • W B
    W B Month ago

    Glad to see you back I will always watch this channel 🌞🏖️🌴🐬😎🙏🇺🇸🌏

    A1STARMEDIA 2 months ago

    Vidéo super intéressante, se diversifier surtout sur les alt avec potentiel de x100 c’est super important !
    10 alt qui ont un potentiel x100: EFT, CSPR, EGLD, XLM, etc. Mais surtout EFT ENERGYFI @1$ c’est carrément possible
    Qu’en dites vous ? J’aimerais avoir aussi vos avis

  • Jay Dag
    Jay Dag 2 months ago +24

    As an American. Dump the Dollar. This country needs some lessons.