Breaking Points Krystal and Saagar discuss how China is making big moves to break the dominance of the US dollar on the world stage.
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Everyone calm down and just buy an electric car. If you do that experts say you'll be fine, mostly……
I know Africa is talked about less, but China has been making inroads with them for decades. The amount of trade could sustain this partnership much longer than if it was just those 3.
A few years ago there was a global survey conducted in every country asking people which nation they thought was the biggest threat to world peace. In the US and Canada, the majority of people thought it was some Muslim country or other (Iraq or Iran or something like that). In literally every other country in the world, people thought it was the US. THIS is what the rest of the world "sees differently," not the Ukraine crisis in particular. What people think of Ukraine and Russia is but a consequence of that.
They have been working towards this for a while. You can say we expedited it but China and Russia have been on the same page regarding this for a while. We didn't sacrifice anything, if anything we used it before it became powerless in the next 10 years regardless.
The war mongering oil barons brought this onto themselves.
The Yuan is too weak. Keep shilling 😂
Can we get Hunter Biden a job in China. That will help the American people.
Ron Paul was 100% right. Buy land!
CIA must be super busy right now
If the Chinese want to subsidize a global financial system at a huge net loss every year, I'd say let them. The Yuan is not supported by the market. It will collapse at the first recession and have to be backed by China's Dollars. Which, just means we're back to being the world's overwhelmingly dominant exchange currency.
China has tried this in the past multiple times and it did not work because the CCP will never let the Yuan 'float freely' i.e. show its real market value because it would wreck their export based economy. As far as I can tell the fundamentals have not changed so I will not hold my breath on the idea of the US dollar being completely replaced as the world reserve currency any time soon.
We should have never gone off the Gold standard. The chickens of war mongering are coming home to roost!
Much of the world understands the reality of Ukraine, it's Americans that have a distorted view.
Yep and when things do go down it's time to go after the right people not infighting amongst the average folk
Please Saggar, in your infinite wisdom, tell us what the Chinese exchanged in this deal that would give them leverage to ask for OPEC production cuts from Saudi and then tell us why the Chinese would be motivated do that?
No one will actually use the yuan except dictatorship countries. The insane FUD by Breaking Points is hilarious.
You two are pros 🙌 I wish governments were as responsive as you two 👌
I agree with you guys I always have for the most part- As it pertains specifically to Saudi Arabia and the middle finger After we are underwriting you know XYZ for their wealth I think the issue isn't always was that nothing we did for them was in good faith And so if they took the money it may be more on the side of the US being bad actors and so take their money with complete disregard for any morality implied because it was more from the get-go so I think that's why morality and good faith matters.
All of this loss of power and the result will be the same. Ukrine will lose the lands that Russia wants. With spit blood or not. I wouldn't be surprised if they take all of Ukraine, for the price of blood lost.
These guys are a freaking joke
Cognitively the whole Biden administration is showing up to a gun fight armed with a sling shot.
Describing Biden as Weak is an understatement
Good. The fall of america can't come soon enough.
Lez go BTC!!! Bye bye fiat 🤑👋
lol
I love a Republican bringing up Drag shows, if THIS is a bigger deal then do something about it. Don't talk about Drag and Trans rights, if this is more important then focus on what is important and talk only about those issues.
10:12 what do you think will happen when those countries default (ala Sri Lanka)? china (who is economically spiraling into oblivion) will be left holding a bag that's too big to hide…
ummm.. good for brazil.
Countries are worried about a weaponized US dollar, so they look to the CCP to be a more just and fair arbiter of financial transactions? Anyone who thinks that China won't use the same tricks once they've amassed enough market share is silly. You reap what you sow. Good luck.
No one likes the Biden admin…..the rest of the world is laughing at the US
If the dollar loses its power as the currency of international exchange and the reserve currency of the world, its going to bring a world of economic hurt on the United States. The world has been willing to subsidize the whims of the United States trading goods and services for dollars they keep in reserve and use to buy oil, etc. Very very bad news for Americans, prepare to get poorer.
This has been a story from last week. Disappointing that y’all were covering bullshit all week and just now getting to this.
Whoever voted for the people responsible for allowing the Greatness of America be taken away are to blame for all of this stupidity. Kids be aware of global issues bigger than your little bubble, Old people forget about your old ways of negotiation and Middle age people….. bring everyone else on the ride if you can.
The US foreign policy is in shambles.
It's a false assumption that we're backing Ukraine as some sort of humanitarian effort. This was a failed attempt to instigate another afghanistan with Russia to cripple its economy….it didn't work out.
first 10 minutes: US is losing allies, depleting ammo reserves, and countries are increasingly ditching the dollar
9:55: "this has been a disaster for Russia"
???
People won't care until everything is lost. Just how we brought up our society. We don't care as long as we live comfortably… well those comfortable times are up softies.
This is old news, petrodollar is already dead from 2 yrs ago.
Correction China is the largest economy already, US is the largest homeless economy.
Bad for the g8
The Fed sells debt to other countries as an investment like Bitcoin. Until the entire world cashes out of "Dollars" and the Fed moves to Europe selling Euro's we are fine. Plus "Dollar's" are back by something better than gold. Missiles.
American empire on the decline
The price you pay for voting in leftists
Americans still tell themselves they’re the good guys! We outside know you’re not! The emperors new clothes, really!
The world is sick and tired of USA sanctions. It is time the world gets to real multi-polar, so nations can do trade whatever they want, without being afraid of the big bully USA.
11:37 that's THE MAIN POINT. The US makes its decisions on behalf of dominant industry concern.
Our Dollar has been propped up by the Petro for so long as we sold the NATIONS real economy out for the interests of individual capitalists. The check is coming due and I wish it were going to be Bourn by the class that has destroyed our country instead of the victims of that greed