How Global Trade Runs on U.S. Dollars | WSJ

Nearly 90% of international transactions in 2019 were in U.S. dollars, giving the U.S. extraordinary power over nearly every entity that imports or exports anything anywhere. Here’s how the global economy runs on the U.S. dollar -- and why some countries are trying to chip away at its dominance.

More from the Wall Street Journal:

#WSJ #Economy #Trade

[wsj]

Note to viewers: This video includes a map that was used to illustrate general principles of global trade and may not accurately depict current nations' borders.

[tobyli]

Holy duo of hegemony:
Print money to buy weapons, use weapons to maintain the power of dollar

[c.t.u.o]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[Roglat]

Most informative video under 5 minutes I have ever seen.

[tantiwahopak]

No wonder they keep on bullying nations 😂

[ExcelonTheFourthAvalonHeirs]

I'm surprise WSJ make this kind of content. I'm impressed.

[Riggsnic_co]

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

[josephlas-igan]

This kind of content is very informative specially to someone like me who wants to understand more about economics and behind the scene transactions... So please make it longer and elaborate more. Thank you

[sergeystepanov]

Please how can I reach out to Mr Sam Deymon ? I urgently need his management on my INVESTMENTS !

[RobertJewkes]

Fascinating. I hope you do a feature length documentary on how the system works and what other countries are doing to get around it

[Luke-zkrf]

Good video, shame it was so short. It would be good to get a longer more in depth video explaining why the dollar is used as well as the new work arounds that are being developed.

[dabay]

This one of the pillars of the US hegemonic imperial empire, the other is the military empire and the arms dealers.

[DrAlfredNUmar]

Great job guys....keep up the good work

[aylyi-huh]

correct pronunciation of iran and Iraq = so refreshing

[wiebeplatt]

Digital currency is the future of finance, anybody still in doubt of that isn't in touch of reality.

[jsholding]

Why couldn't this video of come out yesterday before I had an exam on this exact topic lol

[adamn]

I thought the US dollar remained the reserved currency through OPEC, and all currencies that wanted to trade oil first had to convert their currency into US dollars, thats why there are more transactions with Dollars then there are any other currency and thats why its called the Petrodollar...

[SHINOBI-ALX]

I’m looking forward to see this video updated

[tyler]

This is an MBA class worth of info in one 5 minute video. International financial markets (currency and Multinational Corporations). I just took a test on this lol

[brianronald]

I Want to say a BIG thank you to Mr Sam for his wonderful trades, I've really met the right person to trade with.. Forex trading is really profitable.