US Business Schools lost #1 position - amid Dollar collapse

[kegan51]

I believe the economist ratings is for post graduate studies.

[GermanTHR]

i´m so sorry dude... but ur pronunciation really sucks a lot. sounds like a pilot. haha

although it might be right what u r talking about,

greetz and dont take it to serious

[Dandaniels1978]

Ive heard so much about the dollar collapse. All I want to discuss is

WHEN? and how fast?

[margiemaae]

I agree Dandaniels1978!

J- I know that a dollar collapse could happen, but could our dollars we are holding lose ALL their value overnight?? Please answer... soon. thanks.

[jberni1]

Hi,

no, not yet.

Typically currency collapses are between 30-70% of value collapse. Domestic purchasing power remains relatively high at the beginning...Am overnight collapse of the USD would be caused by war, political instability and the collapse of the banking system.

[yogiudo]

Here is some potentially `contrary' information for you.

When it becomes clear to Europeans that they have absolutely no possible way to get OIL out of the middle east without dealing directly with the US the Euro will be faced with a challenge.

Right now OIL is being priced in US dollars but now, also in Euros, via Iran and this has given Europe a little bit of confidence, but as soon as it is clear that the US remains in complete control of the middle east then confidence may evaporate.

[veritasfiles]

Don't apologize for exposing us to German. In the future, we Americans may need to speak all kinds of languages, as we will no longer be a leader in the world.

[sst888]

Yes...and as it so happens, I love the way the German language sounds.

[florgat91]

the Fed will raise rates at the next meeting guaranteed ! .. it won't be much though, like 25 basis points.

[huskie767]

Why is Obama so cold and arrogant?  Why are Europeans so overwhelmingly fascinated with such an inexperienced and unsubstantial politician?

[mn8aol]

Obama is a marxist with a socialist agenda. Europeans both did not like the perception of hedgemony created by Bush & company and are more in tune to Obama's socialist ideology.

[nanabijou62]

Obama is a marxist at about the same level as the Pope is a basketball player. Yes, the pope may know how to bounce a ball and toss it, but not at a very high level. And just remember that it was under GW Bush's administration when the "bail outs" or socializing the corporate losses first began.

[mn8aol]

Obama clearly speaks in marxist semantics and is promoting a marxist agenda. What is a "change agent" but a marxist subversive! It is no different than Soviet "active measures" tactics. It matters little who the President is, the top advisors in the administration have been marxist for decades. Federal programs like "Community" Oriented Policing come right out of the Soviet Union.

[mn8aol]

It all comes down to the age old question of whether one believes there is a God or there is not a God and therefore men are in charge of their own destiny. If you don't believe in a sovereign God who rules over earth and humanity, then by all means embrace the state, but do it carefully. Without a God men are a paranoid lot and believe the planet won't be saved from destruction until your every whim is under state control.

[nanabijou62]

I tend to see the direction of government, either Republican or Democrat to lean more toward a sort of Neo-Fascism. The line between the government of "We the people" and corporate interests is fading. Heil Haliburton!

[mn8aol]

Public/private partnerships are in line with marxist strategies. I have had a bird's eye view working in the conservation sector, where you can clearly see the assault on property rights. I think you have to be careful as a form of fascism could be a product of Hegelian-Dialectic, but Hegelian-Dialectic is still the facilitator. A true fascist would oppose a socialist government and I don't see it.

[nanabijou62]

But Marxism also advocates workers' rights. Fascism does not. That's why I explicitly wrote "Neo-Fascism. Perhaps we are dealing with some form of hybrid that will result in the very worst of both systems.

[mn8aol]

Facism rejects abortion, does not support women in the workforce, multiculturalism, etc. I think we are seeing some strange conflicts of interest like McDonald's embracing sustainable development, which is a Marxist subversive attack on property rights.

[nanabijou62]

Oh yes, there are definitely some conflicts of interest. Like undermining labor unions, putting GM on welfare while letting them pocket their former worker's pensions. Things are not looking good for the middle-class. Look at Obama's henchmen. Bernanke, Geithner, Summers, Rubin. These are the Sopranos. These banksters caused the problem and now they are telling us that they will fix it. Right. Hold on to your wallets folks.

[mn8aol]

What I mean is McDonald's is aligned with the kind of ideologies that are anti-corporation.

[haseyes]

no mistakes; only vanity

[whiskerchild]

Thanks for the info

[fezz569]

thanks you're always informative and very knowledgeable

[3andurfree]

Excellent as always. Thanks for doing this in English!!! 5*s

[MakeCakeNotWar]

Hi,

I live in Australia, we're supposed to get two more interest rate rises, one in Nov and one in Dec too.

Thanks for the vid, always find yours interesting.

I've given up watching the "news" on T.V., I stay alot more informed watching channels like yours on youtube

thanks again.

[frgtmygld]

And thank YOU Makecake for letting us know about the planned rate hikes there.

As you said, we get better info on the net.

jberbi's channel is a great example.

[nage4614]

much better video. the previous 2 were a bit

over the top (good & evil, swine flu).

I was getting worried about you.

I thought maybe your meds need to be

adjusted. lol. keep up the good work.

the explanation of the australian rate

increase and its implications was

excellent.

[stuntpea]

I'm happy the interest rates are 0.5% in Britain. My mortgage has gone down £160/month. I've used the extra cash to make over payments on my mortgage.

My big fear is a massive climb in interest rates, which I think will probably happen but not for a year or two.

[jberni1]

I haven´t analyzed last UK data, but times for low interest are runninh out. Don´t look at the UK deflation pressures, only.

However, the UK might take the way of complete currency devaluation as an option. Then the best you can do is to have a house and a loan...

[Solitas777]

Interest rates may go up in other countries but I think my country (USA) is going to keep rates at 0% and continued to flood the market with dollars. What do you think?

[tuktukktotam]

raising interest rate in US will just place final nail in US economy it will cause stagflation in real estate .All new construction jobs will be lost . More unemployment more debt .

[christo930]

That was what people were saying in 1980. Obviously we are in much much more trouble than in 80, but a currency crisis is far worse than higher interest rates. Furthermore, higher interest rates are going to happen anyway, there is no way to stop it. The low discount rate causes inflation which drives up bond rates, and bond rates strongly influence other rates.

[jberni1]

Yes ,the Japan way of getting out of this crisis does not work in - and for the US.

There is a great article from David Einhorn on this (in my linklist on the homepage)

[crubeo]

Nice camera composition. Next time make sure there is not too much space above your head. It makes you look like you're standing in a hole. Also, thanks so much for your information!

[pinkfloydmoon]

Thank you

[hhoprofessor]

Hi

Australia is putting up interest rates Hmmm

Im just youre average Joe.

Its been report here in the U.K. business failures could reach 40.000 or 400.000 by the end of 2010. Businesses are already showing signs of fatigue. Raising interest rates, would this make matters worse for industry in general? The region where I live in the U.K has one of the highest unemployment rates in the country. 300 plus out work in my local town last year now its 13000 plus

Regards

[redmolotail]

I just found out that Hitler got nominated for the Nobel Peace Prize, too!

Hahahahaha!

nobelprize (dot) org/nomination/peace/nominatio­n.php?action=show&showid=2609

[TheUltraNinja]

Thank you, especially since I'm an Aussie (Australian) ;)

[catdog262]

Its all good,my German friend !

[Winst0nOBoogie]

The german video just reminded me how good your english is!

I really wish that I spoke another language half as well...

5 stars.

[christo930]

The need for foreigners to learn English was a result of the financial and military empires of Britain and the US, so now that the UK and US are becoming less important and other economies more important, it is us that will need to learn a 2nd language, not them.

However, unless America falls HARD, big growth in other countries isn't going to happen because there isn't enough resources for us all. With world oil production peaking, the next 2 decades will be quite interesting, if not scary.

[jberni1]

Have you considered Peak people and not only peak oil ?

[christo930]

Unfortunately, I think they are directly related and the population will shrink with oil usage unless a suitable replacement can be found. Oil is unbelievably cheap, potent and abundant, and it's unlikely that a source that is as cheap as oil will be found. God help us all if the decline rate is as high as individual field decline rates. Can you imaging 8-15% decline rates (per year) in the next decade or 2?

[Winst0nOBoogie]

Good point! Never heard that before, 'Peak People' thats not funny, but it is applicable I think.... many people don't have what it is gonna take to survive the next decade, skills, health, drive, and a network of trusted friends...

I am prepared for a long, hard winter with little or no work...

I will be working out HARD, and learning skills & the Chinese language (also Punjabi as it is popular where I live)

Good luck to all.

[1adadada]

Peak people .. thats terrible!! but oh so true. Well put.

[winbri5]

Thank you! It will be interesting to see if our Banks do the right thing! As above remark from clay vessel, we are wondering how Harvard business school managed to turn out some royal Harvard Nitwits : ( Tthey lost their own school a bunch of money besides our country!

[pajkost]

always enjoy your vids. The one in German was a special treat. Thanks for keeping us informed.

[rosewood223]

Its good to understand each other's culture. Dont have to apologise...

[clayvessel]

We in the US have "diluted" our dollar through mismanagement, warmongering and neglect. We no longer deserve to have the highest rated business school. Harvard grads are in some measure responsible for this crisis.

[aw3212]

I would agree - as someone who got a business degree, I am willing to bet that 75% of what I learned is wrong and the books should be burned. Harvard is just another example of the gap between the rich and poor. Try to get in there without legacy or MEGA bucks. Harvard Dads passing on Harvard degrees to their children so they can ruin the next generation too.

[ccharlie100]

Was that German?...

I though it was some politician talking about economic recovery.

[jberni1]

@ccharlie100

Great Comment - Thumbs up

[chapthe]

German, the language of the future,

language of artists, scientists, philosophers,

language of the coming Golden Age.

[merekee]

im happy to hear about australia =]

[andrewebisu]

No worries jberni about the German video. I just wish I spoke German. Thanks for doing these in English