Janet Yellen ADMITS De-Dollarization Is Happening And Cannot Be Stopped

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The information contained herein is for informational purposes only. Nothing herein shall be construed as financial, legal, or tax advice. The content of this video is solely the opinions of the speaker, who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

[wchane]

Its just about risk management. Who in their right mind would want to be holding a weaponized currency and having assets that can be seized overnight without due judicial process?

[manoftheyearkp]

America you had this coming. Look how America treated the rest of the world when it was top dog.

[spankythemonkey]

Sure dedollarization was coming later but sanctioning Russia speeded it up. Every countries worried it could happen to them.

[fffuu]

My concern is US may feel they are pushed into a corner and look at war as last resort, this will be disaster for the world we cannot get into.

[stevenbalmir]

God Be The Glory..
Good and many more things will follow. Glory to God! Babylon is Failing!

[gelinrefira]

BRICS is not just the population and market and natural resources. It is that the commodity producing industries are now mostly located there and because of capitalism always seeking profits, it will continue to move there away from the west. The commodity production, that industrial capacity is what really make these countries so important.

At the end of the day, it is those who can produce real things, can command real value. More than that, it is industrial capacity that determine the depth of logistics a country can summon and that translate into real war material. If China and US really come to blows, barring a nuclear weapons, the US has no chance of winning that war. China will crush US simply by producing so many ships, so many jet, so many guns, soldiers to overwhelm whatever the US has, and the US cannot outproduce China in a war of attrition.

The oligarchs and plutocrats in US financialized their own economy and turn it into a clearinghouse for the surpluses produced by other countries, and then use that surpluses to prop its own economy while gambling with everyone's money. They believe, in their twisted capitalist psychopathic culture that this is an "economy" and they have committed extreme violence on anyone daring to challenge that system. Now, they are reaping what they sow.

Karma is a bitch. America will suffer. America SHOULD suffer. America MUST suffer. Or else, it will not learn how much misery it has wrought onto the world.

[americanknow]

The US can continue teh reckless moenytary policy with huge debt because dollar is the default currency for trade. If dollar is not used by many nation for trade, the US can not run the nation with such huge debt. The economy collaps.

[maxpaine]

How is it that anyone is still listening to this woman? What is the retirement age in the US???

[dand]

Gradual decline? If you're invested in gold, you don't want to wait that long!

[ronlumsden]

Yep, you better believe it! The end of the usa dollar! Time to join brics!

[keithloh]

Don't blame the pandemic.. Blame yourself for your greed.. complacency.. and your big ego

[tranvinh]

Dollar is not of the US, but of some oligarchs at the Wall Street.

[braindeadcitizen]

Unfriendly nations should have their assets seized. That will be the best way for America to show how the STICK works. Their is nothing they can do about it if their assets are seized.

[richardgaya]

Very BASIC....the US brought this upon itself...the rest of the World could have continued with the arrangement of the Dollar as the Global Reserve Currency... but how and to what extent do you continue to place your TRUST in a self centred and politically selfish and opportunistic Nation in matters economic, financial, commercial, scientific, technological etc etc as the US presently is and or has clearly demonstrated that it intends to be ie hegemonic in all aspects of human activities!!

[Felisette]

she looks like a human version of jigglypuff

[ValMartinIreland]

Could a situation develop where the bigger countries (including China) keep their bonds? They do not sell a lot of them but they stop buying new bonds. They take their money back and do not re-invest. Could that happen? The big fear is a carbon tax and sanctions to enforce climate and carbon restrictions.

[trommelbiel]

LGBTQ is more important to this administration

[zboromat]

it is not that straight forward, it is hard to trust alternative currency, backed by gold or not, does not matter. World would not adapt Chinese ruled currency . Also usa and china relation is bad already so usa can psy with printed Money, not ideal but doable. Overall it is usa inflation rate that is showing significant trend down.

[johnnypersaud]

The world will be divided the socialist will create their own currency and the capitalist will have their own currency
Each will be a global currency

[VikingNorway-pbtm]

East is the winner soon.. just on good talks.. your talk of Kina and Africa.. is rude and dumb! Your leaders did this.. ugh on you.