Hi guys, Welcome to the Advanced Video Search Engine, and you are watching China will NOT replace the USD as the world's reserve currency. What's ahead will be much worse.. That video is uploaded by Inside China Business at 2024-02-25T11:58:41-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [uqpQBOwfXoI]
| Name | China will NOT replace the USD as the world's reserve currency. What's ahead will be much worse. |
| Video Uploader | Video From Inside China Business |
| Upload Date | This Video Uploaded At 25-02-2024 19:58:41 |
| Video Discription | The US dollar became the world's reserve currency during a time of booming industrial output, strong fiscal management, and chronic trade surpluses. The United States was the greatest creditor nation in world history, and lent generously to friendly nations--and even our former enemies--to help them rebuild. The US was the factory floor for the whole world, and was the only major industrial country unscathed in the Second World War. None of that is true anymore. The US is now the world's largest debtor, and hasn't run a trade surplus in decades. Federal government borrowing is a disgrace. These titanic deficits are financed by borrowing, largely from abroad. The huge pools of US dollar reserves held in banks around the world should be shameful to Americans, instead of sources of pride. They are now our liabilities, our borrowings from the other countries of the world, instead of our lending. China currently has no ambitions, nor the means, to replace the dollar. But they are increasingly successful in using the Chinese RMB as a major trading currency, especially with resource--rich countries. These trading relationships further deepen their huge advantages up and down all the world's most important supply chains and logistics systems. As more of the world's trade moves to bilateral swap arrangements with Chinese RMB, dollars will be going back to the US. Trillions of dollars coming home will add even more fuel to the already out-of-control inflation. uqpQBOwfXoI |
| Category | News & Politics |
| Tags | News & Politics Download MP4 | News & Politics Download MP3 | News & Politics Download MP4 360p | News & Politics Download MP4 480p | News & Politics Download MP4 720p | News & Politics Download MP4 1080p |
