Is the world giving up on the US dollar? | The Global Story - Vidnexa Skip to main content
Create Account
VidNexa
Up next
 
00:00 / 00:00
QualityAutochevron_right
Playback speedchevron_right
Audio trackchevron_right
Chapterschevron_right
Autoplay On
Loop Off
Sticky player Off
Sleep timerOffchevron_right
Subtitles/CC On
Captionschevron_right
Keyboard shortcuts ?
Stats for nerds
Sleep timer ended
⏪ 10s
⏩ 10s

Is the world giving up on the US dollar? | The Global Story

2.9K views • 1 month ago • General
Vidnexa
1 subscribers
100 Comments
@perfectioninheaven
@@perfectioninheaven1 months ago
This guy should stay in his lane... saying crypto is very well designed to say in the shadows is total BS - most countries have regulated exchanges where on and off ramps are KYC/AML checked and if you ever want to convert it into your bank you can be sure those processes are in place. Not only that, but everything transaction is logged on chain, there is no getting around it. Cryptos are highly trackable unlike cash and im sick of these fools talking about subjects they clearly have little knowledge of.
@ollikoo4555
@@ollikoo45551 months ago
this guy has absolutely no idea how bitcoin works
@killeresk
@@killeresk1 months ago
The American economy is currently be completely decimated.
@ninemoonplanet
@@ninemoonplanet1 months ago
Removing gold from the USA dollar was done with typical American arrogance. Don&#39;t TALK to the rest of the world, especially NOT the allied countries, and just change the whole system without any warning. That is SO familiar, especially now. <br>Iran war was done much the same way, with a huge influence from Netanyahu and the Israeli government. Don&#39;t bother TALKING to the other countries in the Middle East, nor any of the allied countries of the USA. <br>So, now the US president is saying he can undermine the sovreignty of Venezuela, Canada (trade talks completely derailed now) and is trying to undermine the European countries, as well as Japan. <br>NO, the US president should NEVER be given that much power over hundreds of other countries.
@christianem9330
@@christianem93301 months ago
Dump, baby dump.. the dollar..
@Pharaoh-e4y
@@Pharaoh-e4y1 months ago
People have been going away from the dollar for awhile. Obama pretty much fired the first warning shots that the US would use the dollar as leverage. Trump did the same but with everybody and he does it for the same reason you claim. He thinks it&#39;s a problem because he does not really understand the economy. So now that people know there is no getting around being hurt if you even deal with the US, people simply flee the place. And no, it&#39;s not just countries, it&#39;s the private sector too. If the US can steal all your money because they don&#39;t like you, nobody will want to get that useless currency.
@SengpoJingan
@@SengpoJingan1 months ago
As soon as Yuan (or BRICS) currency is ubiquitous and widely adopted, China will pull <br>the plug its economy from the USD... and the US will collapse.
@huubvelthuis8988
@@huubvelthuis89881 months ago
The USA financial situation is getting worse. By not letting intrest rates go higher you loan cheap for today but the bill will come. The USA cannot go bankrupt because all loans are in dollars. There is 100% debt to GDP. but what if GDP falls 10%? Inflation is already at 3-4% and the intrest on the debt is already high. The longer the intrest rates are not used, the cheaper the dollar will get. There will be a point you cannot outspend the debt anymore. The stockmarket will fall and everyone will see how much of a house of cards it is. Prepare for stagflation or even hyperinflation. the debt itself can be solved by just printing 40 trillion.
<br>
<br>The longer this policy continues, the bigger the debt and the more people believe this inflated market, the bigger the bust will be.
@MichaelJ843
@@MichaelJ8431 months ago
It&#39;s amazing how history repeats itself; the big difference is that the White House&#39;s lying is much more obvious and delusional about trying to make it a Biden and Democrat problem, when both parties are responsible for this mess. Americans and other nations simply made the Dollar an idol.
@QAYWSXEDCCXYDSAEWQ
@@QAYWSXEDCCXYDSAEWQ1 months ago
Was just a coincidence that the BBC picked a Muslim woman to present this; is there another subtle message in there? Wait, she is based in the US. Oh, dear. Donny going to deport her for this report, or maybe just sue her?
@sydca5365
@@sydca53651 months ago
it is not whether or not, it is when and how.
@pilot3344
@@pilot33441 months ago
What a guest. Thank you
@publicinrage
@@publicinrage1 months ago
You can bank on Britain keeping it&#39;s alliances.<br>Treaty of Windsor (9 May 1386)<br>The alliance between Portugal and England stands.<br>THAT is an example of stability.
@Aclippss
@@Aclippss1 months ago
I would love to here more about this.
@Bsmtbatch5meer
@@Bsmtbatch5meer1 months ago
America is responsible for Japan&#39;s crisis... As Rogoff is saying that they basically forced them to take actions that cut the value of their currency <br>America is culprit
@AC-wl7ve
@@AC-wl7ve1 months ago
The government is pushing crypto more than anybody and this guy things crypto is a threat to the dollar lol
@Fighter123-s1r
@@Fighter123-s1r1 months ago
So now BBC is telecasting from Pakistan or Afghanistan 🤔🤔
@stri2003
@@stri20031 months ago
but at what cost???
@littlebitalex
@@littlebitalex1 months ago
Is the reporter AI?
@logaandm
@@logaandm1 months ago
Rogoff and his famous mistake? Not the sharpest pencil in the pack. Driven too much by ideology not enough by data.
@janmunce496
@@janmunce4961 months ago
40 trillion divided by the 400 million population means every man, woman and child is in debt $100,000.
@curiositycloset2359
@@curiositycloset23591 months ago
2030, you will own nothing tada
@RateGoodPopular
@@RateGoodPopular1 months ago
<a href="https://www.youtube.com/watch?v=wjRp5pJjjPg&amp;t=120">02:00</a> and their we have it again, &quot;credit card limit&quot;. A sovereign nation is NOT A HOUSEHOLD!! I thought I was stupid on economics, but these people who have built a career don&#39;t even understand it! Public debt is private wealth! Pay down the debt means we all get poorer! How about massively tax the wealthy to reduce inequality and inflation. And how about the government start spending on infrastructure that actually helps peoples lives. Pfft.
@curiositycloset2359
@@curiositycloset23591 months ago
Boomers are finally about to realise what they have done. Chickens come home to roost, bye bye pensions and free medical care.
@edan2629
@@edan26291 months ago
Allah u akhabar!!!
@publicinrage
@@publicinrage1 months ago
&quot;How can the US recover...&quot; Stop the billionaires offshoring their social responsibility and tax wealth.<br>Jail Trump and his cronies to restore confidence in justice and rule of law <br>which is very necessary for confidence in the stability of the USDollar.<br>Stop funding Israel. Insist upon Israel getting behind the agreed 1948 border to stop the expensive middle east conflict.
@unopamushango3752
@@unopamushango37521 months ago
No they&#39;ve given up on the British Pound
@publicinrage
@@publicinrage1 months ago
WHY is Trump destroying the USDollar ?
@carrickrichards2457
@@carrickrichards24571 months ago
It is not just $40tn, it is the trajectory, the increase by $3tn a year, the social security liabiliy (uncosted but up to $218Tn), loss of trust, the trend to de-dollarisation, underpriced and rising risk and shorteing debt maturity in the context of rising yields. That has the potential for a spiral.
@cvw1576
@@cvw15761 months ago
Trump doing his best to mess up the world economy.
@jbjtrompetter5897
@@jbjtrompetter58971 months ago
The American economy is growing steadily, but the national debt is simply growing much faster due to persistent budget deficits. In theory, a country can grow out of its debt, provided that the economic growth rate is higher than the interest rate on the national debt. Due to the Federal Reserve&#39;s current high interest rats annual interest costs now exceed economic gains and the total debt-to-GDP ratio continues to rise. While the economy does generate additional wealth, it flows directly toward paying off the increasingly expensive interest. The big bet now is on AI. We&#39;ll soon discover how that will work out.
@Branch7ShuZhi
@@Branch7ShuZhi1 months ago
How US can clears its $40 trillion national debts! <a href="https://www.youtube.com/shorts/VZqBujm7xms">https://www.youtube.com/shorts/VZqBujm7xms</a>
@palikiridena2796
@@palikiridena27961 months ago
40 Trillion dollars an eye watering amount
@RameshkumarPenumetsa
@@RameshkumarPenumetsa1 months ago
This Finance System invented by West is a Total SCAM.. The Debt based Monetary System Killing the Rest of the World as they are denied Credit and The West with World currency Status got Astronomical credits for Tiny countries with Tiny Populations. The World Currency status always lies with West and they loot all the resources in the rest of the World. Rest of the World Understood the Game and getting away from the Dollar usage. Earlier West is superior with their superior weapons. Now things changed and the might is falling.. We only can do things at our will only when we have the Military Backing.. That is where the West is failing these days.
@Isu4U248T8dollars
@@Isu4U248T8dollars1 months ago
BBC is still a FAKE NEWS mouthpiece of the globalists. No wonder Trump sues then $billion.
@barrychmak7852
@@barrychmak78521 months ago
Venezuela was invaded and conquered for &quot;Free Oil&quot; ! Next targets -- Canada, Greenland and Australia ... for more &quot;Free Oil&quot; ! ?
<br>US dollar will be very strong after obtaining all these &quot;Free Oil&quot; !
@dwirajesh
@@dwirajesh1 months ago
Hijab on BBC how surprising 😅😅😅
@wdk7432
@@wdk74321 months ago
You interupted him soooo much
@parthadebdatta6650
@@parthadebdatta66501 months ago
The world without the USA is peaceful.
@badpeople59
@@badpeople591 months ago
US bite back with war, with enormous luck, 😂😂😂😂
@Minris1
@@Minris11 months ago
Keynes was the leading economist of his times and is still considered the best ever. You should have listened to him. He wasn’t trying to keep Britain in power, he was trying to stop history repeating itself. And hrreweare 80 years later, watching USA lose its power… in a big part because of its dollar being the global reserve. Because like with every other country that had this position, you over spend, puff yourselves up, then Fall. And every fallout has consequences to the rest of the world. <br><br>But bye bye USA. 👏
@mrcanuck1
@@mrcanuck11 months ago
The bbc is asking about the decline of the usd? Hello your government is helping brics do it.
@LittleCreationsETH
@@LittleCreationsETH1 months ago
We should be back to the gold standard, that’s the only way
@supermash1
@@supermash11 months ago
All western fiat currencies except maybe the Swiss Franc are being devalued. Gold will just continue to rise in terms of these currencies, but the thing is: Gold is not changing, all the fiat currencies are.
@rodsofgod6863
@@rodsofgod68631 months ago
&quot;Chesper town a home&quot;... sure sure sure...
@rejijai9120
@@rejijai91201 months ago
The opening sentence that &quot;the Dollar is the worlds reserve currency&quot; gives a wrong impression. the better sentence would be &quot;as compared to other currencies, the dollar is the most popular currency for transactions&quot;.
@kevinjoseph8944
@@kevinjoseph89441 months ago
Transaction outside the swift system will br invisible to the US
@gm-123-0
@@gm-123-01 months ago
It&#39;s funny how people like Vance of Rubio came to Europe to warn us about the crisis of western civilization, without even realizing that the biggest issue, and by far, of the western civilization is this American administration. Sometimes I feel like Americans do not fully realize how much reputation and trust they&#39;re losing because of their president. It would probably be better if they elected instead a dog for president, and I mean a literal dog.
@thuydao8945
@@thuydao89451 months ago
In short, throughout such length dealing with the dollar. Especially, it&#39;s AI age where the most speedy, accurate, reliable accountant mostly can not beat AI. The rest of the world at the baby&#39;s step establish financial organizations to stir away from the dollar system. Growing pain of course, but with choice tiding up with the dollar system where US bearing $40 Trillions, the interest alone will shut down livelihoods of any involved party if they choose to be with US to jump off the cliff. And obviously, under Trump&#39;s lead, yes, Trump is talented of being a gifter, but clearly, he is not a talented man to come and save the world, especially, the US. Again, at sometimes, the rest of the world can agree to stop &quot;taking advantage on US&quot; because US&#39; debt alone will very well taking advantage on US.
@robertwu9359
@@robertwu93591 months ago
A muslam woman host talks about us dollar
@zoltanmagyar3059
@@zoltanmagyar30591 months ago
The topic is interesting but it is difficult and uncomfortable to listen to American English. I do not insist on RP but even Cockney sounds more like music to my hungarian ear.
@davet5273
@@davet52731 months ago
The Seppo Billionaire Class could solve this debt crisis in a financial year - they would rather watch it all burn. <br><br>Too many Nero’s and not enough Marcus’
@be-informed.
@@be-informed.1 months ago
Wtf
@SoLQueen_86
@@SoLQueen_861 months ago
also the rich and big corps don&#39;t pay their fair share in taxes... which would help a little.
@elainng3347
@@elainng33471 months ago
Hollywood and Corporate America cultures have brainwashed many generations of worshipping &quot;MONEY and POWER&quot; ..... that&#39;s why the Globalist Elite politicians and business giants keep winning in both daily political and business brainwashing silently but effectively! 😢😢😢
@MZ07X9W39
@@MZ07X9W391 months ago
Any country with US military bases is an occupied entity. Japan is one.
@Diego-y9q
@@Diego-y9q1 months ago
This guy is either uninformed or deliberately misleading the viewers when he claims it costs less to own a house in the US.<br><br>The average US long term borrowing rate for a 30 year mortgage is DOUBLE the rate that Europeans pay on average.<br><br>Americans are being fed candy when it comes to how fantastic their country is versus the rest of the world. Eventually the candy causes stomach rot.
@soya-k11-j2i
@@soya-k11-j2i1 months ago
bitcoin sounds like scams, drug dealer, prostitution, corruption money movin in out. evil money.
@UnscheduledProgram-z6g
@@UnscheduledProgram-z6g1 months ago
The gold standard failed because the value of gold could not keep up with the value of all the other assets money buys. The basic functionality of &quot;sovereign money&quot; was turned upside down in 1913 when the federal reserve system started. A functional dollar must be backed by all the assets it can buy. Not just gold. Typically, and ultimately, its the asset market value of the entire country that backs the currency it prints. If a country goes bankrupt it will be their marketable assets that are sold to pay their debt. <br><br>The USA never had to borrow a single penny. Its asset market value is around 211 trillion and it has 30 trillion yearly GDP of asset growth (yearly income), which is now well below what it owes in unnecessary debt. The only reason the USA is forced to borrow every penny it needs to operate is because its money system was highjacked by a international banking cartel that s married to wall street and makes its profits by debt and interest, and only serves the very wealthy.<br><br>Bankrupting a government is a rich mans dream come true. They will buy up all the public assets for pennies on the dollar and own the very ground you stand on.<br><br>If done right, your government could pay everyone a dividend just leveraging the GDP, rather than taxing you to pay a debt you never needed. The assets being leveraged to create the money is owned by the public and remains in their control to do with as they please. Essentially the public become bank vaults that accept dollars in exchange for the assets they control/own. Just like the gold standard did but using all the countries assets and decentralized. The US treasury could be the sole lender to the public by leveraging the remaining 211 trillion in reserves and use the interest income to fund government discretionary spending. You wouldn&#39;t need SSI or Medicare/Medicaid, because your yearly dividend would be $77,000 per year. Money becomes a public utility and not a debt bearing load skimming wealth from the country you contributed in building.<br><br>You really don&#39;t have to understand any of the above. All you have to do is ask a simple question. Why does a country that has 211 trillion in assets/equity and the sovereign right to print money have to borrow a single penny? Its absurd and its criminal.
@nurlan6588
@@nurlan65881 months ago
In the 19th century, the British pound was the world reserve currency. Britain spearheaded the Industrial Revolution and became the &#39;Workshop of the World&#39;. However, the sequence of global conflicts culminating in WWI and WWII devastated the UK economy under a massive debt burden. After WWII, the USA emerged as the global hegemon, and the US dollar took the crown. Its power wasn&#39;t just military—it was rooted in cutting-edge technology provided to the world. Later, the Internet Revolution boosted the financial sector, making capital cheaper and truly global. Today, Wall Street and the US financial elite are facing a structural shift. Hegemony follows technological dominance. As China rises with scalable tech, cheaper high-tech manufacturing, and its own supply chains, the foundation of US dominance is tested. If Chinese technology begins to offer cheaper, reliable products along with global security guarantees, the US will inevitably lose its unipolar status.
@jhonreymarkfrancisco5065
@@jhonreymarkfrancisco50651 months ago
&quot;The world loves the dollar.&quot; Haha nah the dollar is forced down the whole world&#39;s throat 😂😂😂
@johnbts9216
@@johnbts92161 months ago
Can’t rely on a stable currency if it isn’t stable can u?
@SammyBagot
@@SammyBagot1 months ago
Short answer, “Yes”. Long answer, “Yes-Oui-Hai-Dah-Ja-Dui-Si-etc.”
@renemartin5729
@@renemartin57291 months ago
She forgot to ask &quot;...but at what costs?&quot;
@beapower7045
@@beapower70451 months ago
The MAGA-Trump Regime has destroyed the Canada-USA friendship &amp; has bullied its other former friends &amp; allies. The US government is now untrustworthy &amp; Mr Trump&#39;s agreements are signed in pencil. The whole world is redesigning alliances, trading relationships, &amp; manufacturing partnerships in order to avoid &amp; isolate the USA. Mr Trump has destroyed America&#39;s once stellar reputation while at the same time destroying the USA. I feel sorry for the generations of American leadership who built up their country only to have it blown up by Mr Trump. God Save the USA.
@Momento-Zori
@@Momento-Zori1 months ago
We need austerity now.
@yanyeetan1727
@@yanyeetan17271 months ago
About time the party ends. 😊
@SeeMeTalk
@@SeeMeTalk1 months ago
Bring in the MMT Experts. Not these Austrian Economic Slopes. They are comparing nation states to individual house hold. That is not the case. Stop peddling snake oil BBC.
@BlurSpin
@@BlurSpin1 months ago
whats funny is that economist and traders may probably bet on Trump&#39;s USA failure and collapse the economy by betting against the dollar
@CM23JUNE
@@CM23JUNE1 months ago
PETRO-DOLLARS are finished...arabs just moved to chinese money after bomb-bomb-bomb diplomacy
@Fableirish
@@Fableirish1 months ago
A slow, mature, considered move away from the USDollar as the reserve currency is the way the world has to go as the American era winds down. No one should want the crash to happen quickly because everyone would be hurt. The American era is ending regardless, for a basket of reasons, but the tRump fascist clown show is definitely speeding things up. They are the greatest debtor nation on earth and are spending money they don’t have hand over fist. It’s one of the reasons they want to annex Canada (and Greenland, Venezuela, Cuba) and steal our resources for free. The rest of the world can cooperate on managing the decline. Mark Carney of Canada and others are very likely discussing this among themselves.
@Gemini-meet
@@Gemini-meet1 months ago
Burqua Broadcast Company😂
@Knsb-w8x
@@Knsb-w8x1 months ago
Biased Broadcasting Corp
@JeffPortnoyFatties
@@JeffPortnoyFatties1 months ago
Please post the interview regarding mortgage rates
@vishvanathsilva5074
@@vishvanathsilva50741 months ago
Petrol daller. Petro daller. All will suffer from this. Dedollrization is inevitable.
@sarveshkumaar1507
@@sarveshkumaar15071 months ago
How to talk about economic
@JeffPortnoyFatties
@@JeffPortnoyFatties1 months ago
I loved this segment. Extremely clear, well paced, no BS cuts, and great questions. Would love more of this please.
@ravydizzle2767
@@ravydizzle27671 months ago
I think the USD is fine! The USA is always a most important country. Which country dont have a debt!?? And it is so important the USA are in debted with its own currency. The US controls the world currency.
@AndrewB-b3o
@@AndrewB-b3o1 months ago
Recently the Netherlands has moved ~ 50% of its gold reserves from the US to London citing &quot;geo-political unrest&quot;. There are now alternatives to the &quot;petro dollar&quot;, no surprise after US action in Iran and Venezuela. The world must be asking about ways to avoid dictatorial policies by the US, especially as it now elects incompetent administrators.
@tabrezi9741
@@tabrezi97411 months ago
Stupid and childish questions
@jorgevieira4489
@@jorgevieira44891 months ago
We hope so
@kated3165
@@kated31651 months ago
Who could have guessed that a country being led by &#39;&#39;Very Stable Geniuses&#39;&#39; threatening to invade/economically destroy even their closest allies and trade partners every other day, would make the world rethink the whole &#39;&#39;US being the world reserve&#39;&#39; thing!? 🤷‍♀
@kriz234
@@kriz2341 months ago
Americans will become the Chinese Underdogs🤣🤣🤣🤣🤣🤣🤣🤣
@nachiketkulkarni6473
@@nachiketkulkarni64731 months ago
US is just the face. It&#39;s actually the UK who is going to suffer ultimately.
@CooChewGames
@@CooChewGames1 months ago
Excellent interviewer and interviewee; thanks for posting this.
@ketonesnotglucose4978
@@ketonesnotglucose49781 months ago
BSV scales on-chain and is the authentic original Bitcoin protocol before btc&#39;s version changed to 1mb blocks 🚫 and segwit 🚫 BSV is unbounded L1 scaling on-chain ⚖️ MASSIVELY The End
@dgaydos
@@dgaydos1 months ago
Love ya Asma! But why do you kowtow to the Islamic patriarchy? That verse in the Quran is so vague and you&#39;re a modern woman. Feel free to live your own life. The wind feels nice blowing through one&#39;s hair!
@RSJSunbury
@@RSJSunbury1 months ago
It has been too popular as a &quot;go to currency&quot; for too long. Pity so many small nations still rely on it. I would like to see it trading at $2.5 + against the Euro to give the USA the warning shot it currently needs. These days Swiss Francs are more attractive to me....
@edwinspence3772
@@edwinspence37721 months ago
In 1981 when the US broke a trillion in debt, 10 year bonds were at 13%, 20 and 30 year bonds were at 15% and 16%<br>If it gets back to 15% your Government has debt maintenance exceeding federal revenue. Will such a fiscal Black Swan event occur? Never say never.
@PhilipBeall-t7e
@@PhilipBeall-t7e1 months ago
Fu right
@Bdub1952
@@Bdub19521 months ago
The USA is no longer a stable country, thus making the USD unstable.
@lorenzoisUV
@@lorenzoisUV1 months ago
Fiat money 😂
@musa2005-z5m
@@musa2005-z5m1 months ago
the world doesnt want to be robbed by the US no more
@Claretmarket
@@Claretmarket1 months ago
Interesting interview - I don&#39;t think they&#39;re taking into account global sentiment and the effects of the Israel/US cartel and the genocide. Of course the BBC are a propaganda channel for Israel and they&#39;re a government that puts protestors in jail for opposing a genocide.
@Pierrus60
@@Pierrus601 months ago
This is where we understand that a president can choose to work for the International Monetary Fund or for the people. President Trump clearly works for the IMF and doesn&#39;t care about his middle-class citizens.
@Omhfoz
@@Omhfoz1 months ago
Interviewer thinks she is the professor
@lindalong354
@@lindalong3541 months ago
Great interview but this journalist didn&#39;t do her homework. Clueless
@PassivePortfolios
@@PassivePortfolios1 months ago
The US dollar to be replaced by what ? The Euro? The Chinese Yuan? Not going too happen. Every nation is diluting its currency right now to cover debt, as indicated by rising bond yields. Nothing new, just business as usual which has been going on for thousands of years.
@KathleenClarke-q5n
@@KathleenClarke-q5n1 months ago
There&#39;s a consensus that the US D will fall. My bet is on sooner rather than later.
@christopherdubas7302
@@christopherdubas73021 months ago
Dollar hegemony is decreasing and speeding up. About time! Numerous countries are withdrawing their gold reserves from The USA also. I wonder why? Because The USA is not TRUSTED anymore.