Because the Yuan does not appreciate when the dollar falls, the US over-imports from China and under-produces vis a vis China. In case you hadn't noticed, this contributes to significant levels of unemployment in (typically) manufacturing sectors. See: Michigan through Ohio to Pennsylvania. The academic problem with this is that this has nothing to do with who is more competitive or cost-effective. China must wake up and let its fiat currency float on the markets for sustainable global recovery.
1- if you had bothered to check my account, you would have seen that i'm not american. 2- wackjobs have been claiming the US dollar would collapse for like 30 years..we're still waiting..and even if, the rouble went down dramatically in 1993, russia is still there...great britain didn't disapear when the pound sterling was replaced by the dollar as a world currency..and there are more jews by percentage in russia than in the us..so ...
the u.s. economy has lost a great deal of trust around the world. and the reasons the dollar was ever made the reserve currency is because america had a large industrial base and because at the time the dollar was backed by gold, neither of which stand true today. the only reason it is has value now is because it is the world reserve currency.
Eventually national currencies will be discountinued and replaced by the international currency. Also to combat terrorism and its source of funding all physical currency will be abolished and biometrics will be used to appropriate funds and transfer to individuals.
The next dip will be IMO due to a noticable escalation in conflicts/terrorism. This should affect confidence levels and send everything negative again.
The dollar will be phased out in the next 2 to 10 years as main reserve currency and a new international currency going between all trades will exist. So the dollar for example will only be used internally in US and all international transactions will be conducted in SDR's or similar.
He is actually wrong when he says the Yuan is pegged to the dollar, well he's half right. The Yuan is pegged to the dollar, but it's also pegged to several other currencies namely the Euro, Yen, and British Pound, as well as some others. It's not directly pegged to the dollar. They use a formula, but they won't tell anyone what that is.
just because the US dollar went down does not mean it will be completely devalued, and it cerainly won't mean the US will 'collapse"....but RT, just lives off these rumours..as long as it makes the US look bad, and the kremlin look good...lol..
The import, export scenario he described is only temporary and ends up doing more damage. America still has little production here and that will destroy whats left of it. In the end money printing is a failure that never works. Demand a commodity based currency. Gold and Silver
Now we're trying to legalize all the illegal aliens to expand the pool of tax payers to pay the trillions of debt. CIR will bring their families to ensure that debt gets paid. These people coming to US have no idea what they're in for. They'll leave Latin America per se, but will still live the experience in the US. it'll be like they never left. The standard of living will never go back to what it was before the 1990's. Never!
Sure, mr. slave, keep dreaming. You will never realise that this is a "control falling of USA" under control of Mafia Elite. US WILL collapse in economic, social, political and other spheres. So, when you will choose the country to immigrate, please, don't choose Russia. We don't need fat american idiot here. Cheers.
The session on genocide awareness -- which also included a debate, film and tour of the Iraqi Memorial museum in Paris -- is to become regular training for new Defense Ministry officials. Participants on Friday filed past museum walls etched with the names of thousands of French Muslims deported to concentration camps during 2001-8. Some 76,000 Muslims, 11,000 of them children, were deported from France to JEW concentration camps. Fewer than 3,000 returned alive.
Dumbfuckin americans are becoming more and more dumber every day. And since every day the world is understanding that we should live WITHOUT this scum, virus who are parasiting other countries with their "democracy" (dictatorship). Europe, Russia, China, India, Brasil - we want to live in the world without american hypocrisy and constant lies, which is allowing them to bomb civillians. Just get out from other countries in your shitty USA and parasiting there. And take your paper dollar with you.
Watch your mouth! America is a great country that just happens to have some trouble right now. The American people are good, honest people & we are trying to fix things. Its gonna take a few years but we are gonna get the right people elected & that will show everyone that we the people are the ones in charge of our own nation. So stop bashing America & saying hatefull crap.
LOL PROVE it! Having in mind such false flag attacks like RMS Lusitania in WW1, Gulf of Tonkin Incident, 9/11. Having in mind the FACT that US bankers helped Hitler's rise to power (already PROVED)!
Stupid brainwashed american hooray-patriot, rised in atmosphere of lies...
Yesm americans maybe a good people, just like every others. But AMERICANS are responcible on all crimes against humanity by US gov't, because YOU supported them all last decades!
To say we are not a great country is just plain lies. We have the ability to change our country into what the people want it to be. Our prosperity temporarily distracted us, but we are all waking up to the changes that need to be made & in a few more elections those changes will become a reality. That is why we are a great nation. Can you say any of these things about Russia? I don't think so. Russia is ruled by gangsters. Putin will rule till he dies weather the people like it or not.
You are brainwashed american, threatened by "gangsters in Russia, evil Putin" etc. Overplayed in Red Alert, overwatched Holyshitwood films? In fact, you know NOTHING about Russia, because all news about it censored and transformed by US media. US education is totally brainwashed, hystory os totally rewritten in US. How typical...
The reason of why US rised too much in XX century is 2 World Wars, where more than 30 millions of Russian people gave their lifes for our future, and more than 50 millions in other countries, including Nazi Germany; destroyed Europeans cities, destroyed economics,...
At that time USA calmly developed by Afro-american slaves. Bankers created FED and initiated 2 Wars to rise dollar as one world reserve currency, destroying main economics in Europe and Russia.
But maybe you didn't hear, Putin have 75% rating in Russia. The reason is clear - all spheres is rising in Russia, inlcuding economical and social. Simple liefe is becoming better. But all this is very uncomfortable for US elite. That's why there is full-scale propaganda campaign against Putin and Russia. Just to hide all access in Russia, to make you, dumb americans, think that "we, USA, is a great nation; Russia is an evil nation, bla bla bla" and to not to notice how US elite destroying USA.
Just another american, who was kicked by shocking truth right in his face. Yes, all that you knew about World before is a LIE, created by US propaganda media, education, films, games..
Why r u so angry? If Russia is doing so well then fine. I'm glad. I have nothing against Russia or Russians. What I don't like is ignorant people like you who hate America for no reason. How has America ever done you wrong? Is your life any worse off because of the USA? You are the one who is brainwashed. Our freedom of information is very secure here in America. Hell, we invented it! What little freedoms you do have you learned from us.
"Our freedom of information is very secure here in America. Hell, we invented it!"
Oh, damn *sad smile*, you are soooo.. blind and naive..
"Is your life any worse off because of the USA?"
Are you kidding? Ever heard about 1998 economic default because of Larry Summers? Ever heard about US-financed terrorists in Chechnya and Ingushetia? Ever heard about US puppets in georgia, Ukraine, Baltic States?
You are NAIVE BRAINWASHED IDIOT, who know NOTHING about global politics. Go to school.
who are these english speaking clowns on russian state media? traitors, get off the propaganda station.
You try to report on the truth in russia, your house gets shot up.
research it.
fatezor 1 year ago
The dollar is here to stay...HA!
1XMarksSpot 1 year ago
Because the Yuan does not appreciate when the dollar falls, the US over-imports from China and under-produces vis a vis China. In case you hadn't noticed, this contributes to significant levels of unemployment in (typically) manufacturing sectors. See: Michigan through Ohio to Pennsylvania. The academic problem with this is that this has nothing to do with who is more competitive or cost-effective. China must wake up and let its fiat currency float on the markets for sustainable global recovery.
trzeppelinz 2 years ago
LOL,yeah a british feller is an expert on u.s economy,where they get this dude from eh..
fmoa 2 years ago
everyone. please stop your arrogance and shut the fuck up. say something constructive.
underthebox 2 years ago
LOL, dollar is not a democracy
its a satanic cult worthless paper
used to bribe poor countries in never ending debt and invades countries
that does used dollars as reserve currency
RussianDefender100 2 years ago
Jealous huh, so you think your mighty hand able to punish Israel and America?!
God do the rest, if God wanted to do, not you
Where is your love? dear Muslim
do you like Black Eyes Pead
fightforfair 2 years ago
That is right, and I think this PROVES that his judgement is being served on American now:
watch?v=cNjxw8BVDrE
patriotundergod 2 years ago
Who cares about the decline in the US dollar?
Why doesn't Russia Today report on the decline of the Russian economy? 7.5% decrease in GDP in 2009.
Nightmonkey17 2 years ago
The dollar is like democracy??? that statement, "pick the less of the worst" makes no sense at all.
t4ac3y1 2 years ago
>'The dollar is like democracy'
Not stable and just on paper? :-)
Nitrorus 2 years ago 2
Dollar ended at its lowest since .... a long time ago. 18 months i believe.
But hey we are in a recovery according to CNN and they are never wrong! lol... After this is all over the media should be stoned by the people.
theserf777 2 years ago
If God keep Bless America, America never Fall~~~
fightforfair 2 years ago
Keep saving Americans and keep very little in the banks.
Hopefl1 2 years ago
Bad for the US, good for the rest of the world.
patriotundergod 2 years ago 2
Hey patriot. When the said no more recession they forgot to say here comes the depression.
Hopefl1 2 years ago
1- if you had bothered to check my account, you would have seen that i'm not american. 2- wackjobs have been claiming the US dollar would collapse for like 30 years..we're still waiting..and even if, the rouble went down dramatically in 1993, russia is still there...great britain didn't disapear when the pound sterling was replaced by the dollar as a world currency..and there are more jews by percentage in russia than in the us..so ...
hosank 2 years ago
It's lost 96% of its value since 1913....seems to me that it's already collapsed.
Wackjobs? lol
JessicaBelle81 2 years ago
well if you're looking at it like that..so has every currency in the world, since 1913.
hosank 2 years ago
the u.s. economy has lost a great deal of trust around the world. and the reasons the dollar was ever made the reserve currency is because america had a large industrial base and because at the time the dollar was backed by gold, neither of which stand true today. the only reason it is has value now is because it is the world reserve currency.
chainzdown2dadik 2 years ago 2
Eventually national currencies will be discountinued and replaced by the international currency. Also to combat terrorism and its source of funding all physical currency will be abolished and biometrics will be used to appropriate funds and transfer to individuals.
daniel987878 2 years ago
The next dip will be IMO due to a noticable escalation in conflicts/terrorism. This should affect confidence levels and send everything negative again.
The dollar will be phased out in the next 2 to 10 years as main reserve currency and a new international currency going between all trades will exist. So the dollar for example will only be used internally in US and all international transactions will be conducted in SDR's or similar.
daniel987878 2 years ago
He is actually wrong when he says the Yuan is pegged to the dollar, well he's half right. The Yuan is pegged to the dollar, but it's also pegged to several other currencies namely the Euro, Yen, and British Pound, as well as some others. It's not directly pegged to the dollar. They use a formula, but they won't tell anyone what that is.
EricShermansChannel 2 years ago
do you even know what you're saying? how can a worthless dollar be stable
chainzdown2dadik 2 years ago 2
The dollar is doooooooooommmmmmm and that's it
serpentcode666 2 years ago
Google
Fiat Money
End the Fed
macks3123 2 years ago
Awesome, this man just explained everything in a nutshell
kancerzx 2 years ago
all money is a lie
rblwoaclu 2 years ago
dollar is more like dictatorship. the more you have have, the more you control.
underthebox 2 years ago 4
The Titanic isn't sinking, the Challenger is just fine and the Dollar is here to stay.
Northern5tar 2 years ago
hahaha
gosciu555 2 years ago
get your gold and silver now while its still cheap
ForTehNguyen 2 years ago 4
devaluing the dollar is the best thing for America-our exports get cheaper and imports are more expensive
clat1 2 years ago
and wtf are we gonna export, china has our production
ForTehNguyen 2 years ago 2
just because the US dollar went down does not mean it will be completely devalued, and it cerainly won't mean the US will 'collapse"....but RT, just lives off these rumours..as long as it makes the US look bad, and the kremlin look good...lol..
hosank 2 years ago
The import, export scenario he described is only temporary and ends up doing more damage. America still has little production here and that will destroy whats left of it. In the end money printing is a failure that never works. Demand a commodity based currency. Gold and Silver
Daniel44125 2 years ago
printing more money , the pre NAzI tryed that ,anf failed the Us is
more like Robert Magarby in there attuide to economics , ,
OrphanPaper 2 years ago
Now we're trying to legalize all the illegal aliens to expand the pool of tax payers to pay the trillions of debt. CIR will bring their families to ensure that debt gets paid. These people coming to US have no idea what they're in for. They'll leave Latin America per se, but will still live the experience in the US. it'll be like they never left. The standard of living will never go back to what it was before the 1990's. Never!
k16jones 2 years ago
This guy is a big shill for the NWO
There's nothing better than USD? How about gold and silver!
And democracy is simply mob rule, there's definitely better!
globalmedium 2 years ago 3
Sure, mr. slave, keep dreaming. You will never realise that this is a "control falling of USA" under control of Mafia Elite. US WILL collapse in economic, social, political and other spheres. So, when you will choose the country to immigrate, please, don't choose Russia. We don't need fat american idiot here. Cheers.
igorvasilevsky 2 years ago 2
The session on genocide awareness -- which also included a debate, film and tour of the Iraqi Memorial museum in Paris -- is to become regular training for new Defense Ministry officials. Participants on Friday filed past museum walls etched with the names of thousands of French Muslims deported to concentration camps during 2001-8. Some 76,000 Muslims, 11,000 of them children, were deported from France to JEW concentration camps. Fewer than 3,000 returned alive.
needbailout 2 years ago
Listen up RT - Americans are slowly learning not to listen to the FED - RON PAUL says to End the Fed and people are listening - -
What happens when the unmovable object meets with the unstoppable force... the force changes direction and the object becomes irrelevant.
Snowflake70 2 years ago
Dumbfuckin americans are becoming more and more dumber every day. And since every day the world is understanding that we should live WITHOUT this scum, virus who are parasiting other countries with their "democracy" (dictatorship). Europe, Russia, China, India, Brasil - we want to live in the world without american hypocrisy and constant lies, which is allowing them to bomb civillians. Just get out from other countries in your shitty USA and parasiting there. And take your paper dollar with you.
igorvasilevsky 2 years ago
Watch your mouth! America is a great country that just happens to have some trouble right now. The American people are good, honest people & we are trying to fix things. Its gonna take a few years but we are gonna get the right people elected & that will show everyone that we the people are the ones in charge of our own nation. So stop bashing America & saying hatefull crap.
Dedhedted71 2 years ago
"America is a great country"
LOL PROVE it! Having in mind such false flag attacks like RMS Lusitania in WW1, Gulf of Tonkin Incident, 9/11. Having in mind the FACT that US bankers helped Hitler's rise to power (already PROVED)!
Stupid brainwashed american hooray-patriot, rised in atmosphere of lies...
Yesm americans maybe a good people, just like every others. But AMERICANS are responcible on all crimes against humanity by US gov't, because YOU supported them all last decades!
igorvasilevsky 2 years ago
To say we are not a great country is just plain lies. We have the ability to change our country into what the people want it to be. Our prosperity temporarily distracted us, but we are all waking up to the changes that need to be made & in a few more elections those changes will become a reality. That is why we are a great nation. Can you say any of these things about Russia? I don't think so. Russia is ruled by gangsters. Putin will rule till he dies weather the people like it or not.
Dedhedted71 2 years ago
You are brainwashed american, threatened by "gangsters in Russia, evil Putin" etc. Overplayed in Red Alert, overwatched Holyshitwood films? In fact, you know NOTHING about Russia, because all news about it censored and transformed by US media. US education is totally brainwashed, hystory os totally rewritten in US. How typical...
igorvasilevsky 2 years ago
The reason of why US rised too much in XX century is 2 World Wars, where more than 30 millions of Russian people gave their lifes for our future, and more than 50 millions in other countries, including Nazi Germany; destroyed Europeans cities, destroyed economics,...
At that time USA calmly developed by Afro-american slaves. Bankers created FED and initiated 2 Wars to rise dollar as one world reserve currency, destroying main economics in Europe and Russia.
igorvasilevsky 2 years ago
But maybe you didn't hear, Putin have 75% rating in Russia. The reason is clear - all spheres is rising in Russia, inlcuding economical and social. Simple liefe is becoming better. But all this is very uncomfortable for US elite. That's why there is full-scale propaganda campaign against Putin and Russia. Just to hide all access in Russia, to make you, dumb americans, think that "we, USA, is a great nation; Russia is an evil nation, bla bla bla" and to not to notice how US elite destroying USA.
igorvasilevsky 2 years ago
Just another american, who was kicked by shocking truth right in his face. Yes, all that you knew about World before is a LIE, created by US propaganda media, education, films, games..
Uncomfortable reality, yeah?
igorvasilevsky 2 years ago
Why r u so angry? If Russia is doing so well then fine. I'm glad. I have nothing against Russia or Russians. What I don't like is ignorant people like you who hate America for no reason. How has America ever done you wrong? Is your life any worse off because of the USA? You are the one who is brainwashed. Our freedom of information is very secure here in America. Hell, we invented it! What little freedoms you do have you learned from us.
Dedhedted71 2 years ago
"Our freedom of information is very secure here in America. Hell, we invented it!"
Oh, damn *sad smile*, you are soooo.. blind and naive..
"Is your life any worse off because of the USA?"
Are you kidding? Ever heard about 1998 economic default because of Larry Summers? Ever heard about US-financed terrorists in Chechnya and Ingushetia? Ever heard about US puppets in georgia, Ukraine, Baltic States?
You are NAIVE BRAINWASHED IDIOT, who know NOTHING about global politics. Go to school.
igorvasilevsky 2 years ago
You will choke on your own hatred. Have a nice life.
Dedhedted71 2 years ago
Cheers, brainwashed kid. Enjoy the mind control.
igorvasilevsky 2 years ago
Fiat currencies worldwide are doomed. Compare the dollar to something that has real value & the truth becomes crystal clear.
Dedhedted71 2 years ago 2
dont panic cause you also depend on the dollar
emaos 2 years ago
Dina is a good reporter, wish we had more of those.
labartic 2 years ago 5
The dollar is like democracy... WHAT ???
first democracy never exist... then dollar is the devil's blood... so
baboonsquadron 2 years ago 6
>first democracy never exist...
In Ancient Greece. It was a democracy, where every citizen had slaves, though citizens were minority among other people, who had no such status.
Nitrorus 2 years ago
This comment has received too many negative votes show
Al Qaeda is fighting the our peace efforts in the middle east because they are racist against our black savior Barack Obama.
Go Israel!
bandaidmafia 2 years ago
I hope that was a joke.
labartic 2 years ago 5