Why China Can't Quit the US Dollar

China wants to de-dollarize and the potential impact on the global financial landscape is Huge.

In this video, we explore the reasons behind China's desire to move away from the US dollar, the challenges they face, and the potential consequences for both China and the rest of the world.

Join me and let’s unravel the complexities of China's unique financial strategy and examine the implications of their quest to reshape the global financial order.

[michaelsomething]

China is not the only country. India, Russia, even Greece a EU have capital control.

[Melbn-dimi]

This is a great Video! I really appreciate the dedication in each video you post, I would be glad if anyone here can explain a few things to me about investment, I believe it's my time to shine for a better future

[Pistolita]

Doesn't mention BRICS once. How can you talk about the future of the chinese economy without so much as mentioning BRICS, at all?

[ChrisInvestingAmateur]

Great video Aaron. The small detail of adding those triangles to show the 3 parts of different monetary policies was a great visual aid.

It’s a double edged sword for China. Trying everything in their power to reduce their reliance of the dollar, things like trading for oil in the Yuan (transactions that used to occur in dollars), and selling off US debt at a rapid pace. But at the same time, like your video outlined, they still need the dollar

[JCSY]

One sentence. Like it or not, the US Dollar usage is definitely going down significantly and will be used and relied on less by more if not almost all countries but it won't go away totally. It will come to a point where the USD won't be the reserved currency anymore.

[CheeLiekHo]

China is not planning to totally de dollarize. China believes in a multi-polar world and hence the multi currency world. China's aum is every country should be able to trade with its own currency and hence gain freedom from the G7 economic hegemony.

[hendrang]

China is very practical, It will not completely quit the us dollar but there are alternative currencies with other countries in trade according to bilateral agreements.

[annonymous]

Great informative video and the way you talk and break down these concepts makes it so easy to follow and understand.

[austinbar]

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

[thomasrogers]

The British empire was called the empire on which the sun never sets. The British pound was king until breten woods in 1945 when the dollar became the world's reserve currency. As an American business man who have traveled around the world and understand global economic trends, This kid thinks he is smarter than Ray Dalio a man worth 12 billion and one of America's preeminent investors who has spent 40 years investing in china. This kid has never been to china .The problem with this argument is, he sees the world through American exceptionalism and eternalism. what he does not understand is the u.s is not only dealing with china but 85% of the global population. The global south. The dollar is a fiat current back by noting but trust in the American government. Since china is the worlds largest trading partner, it makes no economic sense for the global south to use a third party in global trade. Having the global reserve currency is not a right but a preveledge. We have weaponized our reserves currency statuse, abused other nations with sanctions, wage endless economic wars sanctions on nations, cause untold suffering, death and destruction. The chinese yuan has exceeded the dollar in global trade and global south nations do not need to dump the dollar to do serious damage to the American economy. Bilateral trade agreements, bypassing swift and the dollar in global trade alone is enough to overthrow the dollar. Our debt 34 trillion is unsustainable and our reckless spending is decreasing the wealth of our bond holders by exporting our inflation. Weaponization of the dollar has caused decrease in u.s bonds purchase by foreign entities because we can not be trusted. As Bilateral trade agreements continue to rise, the use of the dollar will Gradually decrease causing massive inflation here at home.The dollar will die a death by a thousand cuts. it may take 5 to 10 years. The rise of BRICS is the beginning of the end of u.s dollar hegemony.

[stephentan]

USD will stay but it's value may be decided by the amount of US' debts.... 34 Trillions and still growing at a rate of 1 trillion in 3 months

[davidlim]

China had USD800 Billions Bonds. Why move away from USD but merely reduce them to one a few currencies in the baskets.

[mrteacher]

I think this video is missing the main point. China doesn't have to quit the dollar. As long as dollar is no longer the dominant trade currency due to majority of oil being transacted in USD, days of US endlessly printing money and other countries being forced to buy US bonds are over.

[chaoyoong]

During the 800 years where world reserve currencies were used - Portugal, Spain, Dutch, France, Great Britain have faded over time when their colonies no longer needed to be captive customers of using the country's currency for trade...After 800 yrs what makes the USD permanent that nobody can replace???? why dont we let TIME shows which currency will surface to replace the last great dollar...in case you are unable BRICS changed the playing field...even the little tiny nations in Africa is dispensing their dependence on CFA...ironic that France even after giving Mali Niger, Senegal, Togo, Gabon, Guinea Bissau and these nations still cling on the french CFA as their national currency???? this typical of past colonial master still crippling stealing robbing pilferring plundering the natural resources of these african nations. France doesnt have any gold mines and yet has 1000 tons of gold - wonder did France just cart away gold and left the african nations imporvished n extreme poverty?? oh well please revisit your notion that China cannot quit USD and update with the latest...aaron you have great wisdom and futuristic prediction... hope you are right in 2029

[Jamie-nteh]

view from America

every country does and want to control the fluctuation of value of their currency.

Americans printing money to solve their domestic problems and fight foreign wars is the major driver to reduce usd. plus us exports its inflation.

swift is an us controlled entity and us has used this control to exclude countries from the global payment system.

americans can freeze or steal foreign usd holdings kept in us and western banks.

[ekenomic]

Interesting about talk of gold decoupling from real US rates. Maybe the dollar demand is weakening but we don’t realize it yet.

[vsharma]

Everything is Great but the Background Music is Disturbing.

[sahilgulati]

The impossible Trinity of China seems similar to what we have in Indian Monetary Policy where India control total outflow of capital via LRS scheme through its central bank (RBI) and buy and sell USD and other currencies to keep INR stable but also allow free float market for INR.

[teomartini]

7:00 why you keep calling China an authoritarian regime? Isnt the USA an authoritarian regime as well?

[corneliusrozsnyak]

Hey Aaron, I really like your Videos! They are nice to watch and well produced. I don't know why you only have 56000 subscribers. I wish you all the best that it soon will be way more. greetings from Germany