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What is china's form of currency

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Why is China's central bank keen on going digital?

14 097 views | 11 Sep. 2020

The central bank plans to

The central bank plans to expand testing of its digital currency to the country's major cities. Will China be the first to issue a digital currency? And what does this mean for the economy?

Guests:

QU QIANG

Intl. Monetary Institute, Renmin University of China

EINAR TANGEN

Current Affairs Commentator

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Norris Hohn

This is good news. It would be difficult for the west to do any bogus stuff.

Octavus5

Privacy? Who cares, it seems.

x_Halo

Go China!

WoW Factor

good news for NK, they can now focus on hacking...a team of 11cents will be on the way

Dennis Malin

corruption on top of corruption

Humgarchaun Lor

?❤❤❤❤❤❤❤❤❤❤❤

Irfan Ullah

love from pak.

Needs To Sneeze

XRP

Des Chan

Just wait for the system to crash !!! Your account turn to NOTHING. Time to DUMB RMB.

Des Chan

Only for China citizens. Nobody dare to use !!! No credibility is the key reason.

street potato

so which crypto should i invest in?

Shaun

Please come to Harbin to enjoy a nice stay at my log cabin this winter. Flights are only ¥731 at the moment. We can light a nice log fire and enjoy a nice relaxing log whilst reading the paper to clear ourselves out. Dont forget to log in to your wu mao accounts before paying.

China Superpower

They did not explain how the digital yuan works. Is it like bitcoin? What are the similarities and differences between digital yuan and bitcoin? What are the advantages and disadvantages of digital yuan relative to bitcoin?

They really did not explain the technical side of digital yuan at all. Is it centralized or decentralized? Can it be created out of thin air? Can it be controlled by the government or banks? Is it peer to peer? Is there a central server controlling it? Is it free to transfer across borders or restricted? Is there transfer fees or is it free to transfer?

Jimmy hall

99.9999999% of customers have one sentence to tell you.... and that is whatever the Communist Party tells them to say...... or else we'll switch off their digital currency

Des Chan

CCP is trying to save on printing money cost. Electronically its up to CCP to add as many zeros as they want. CCP does not hv credibility and is worthless RMB is WORTHLESS

pas de problème

The world cannot have just one central banker, too much power invested in one entity might lead to exploitation and misuse, bans, tariffs and sanctions and so on.. Time for change!

KS

Huawei Hytera chinese spy equipment ?

Zhulian feags

It's stupid to put all you currency into digital. 1 C.M.E .(coronal mass ejection)or emp and all you funds are gone.

Dennis Malin

The fact that this ridiculous pseudo-economist describes currency in terms of cost of making paper from a tree, shows that they have zero appreciation for what an economy is. It's all just scams on top of tricks on top of lies.

Chris MT HEAD

Fluity dams flatties pestilence grasshoppers failing crops. Winnie the Pooh must go to save the Chinese people?

Garfield

e-finance on android will always had security issues.

Vitorino Martins

China always ahead

Azhar HUSSAIN

It's the US that can't be trusted and virus on the planet , anyone unbiased and with a few brain cells can see that. CHINA is a threat to exposing all evil of US, so they blame China for anything that goes wrong anywhere in the world.

John Farmer

More control. This is just another way for the ccp to control its population. This coupled with social award points, 24/7 ai surveillance. Boom you have 1984 George Orwell state.

Lubabalo SA

Digital Yuan sounds great to me. I just wonder how will i be able to exchange from Rands to Digital Yuan and can I use Luno to do that transaction?

klfmc rjn

If governments around the world have too much power over its citizens, having a total digital currency would be disastrous for people.

Country World

3k worth of wood makes a 3 billion USD in 30 minutes. No wonder the printer can go brrrr

alex

please fix the sound issue its quite low when using speaker phone

Composer Yaw Yaw Mayhem

Digital currency provides the government total control. Scary. There could be a cyber attack. Ooops. Too soon?

Or solar flares could wipe out all computers which money will be erased from all networks.

Is digital currency backed up by paper money? And is the paper money backed up by gold and silver etc?

Digital age is fast and fun. However, im afraid no more privacy folks. All out the door.

Simara Nepal

China great

angelo Abonis

China wants to go digital for one reason, it is part of their plan of global domination and rules the world with CCP cult terms and condition which I am pretty sure will never happen. CCP can rule China but not the world. They can keep their authoritarian ideology to their own people who turn 1.4 billion people to be a slave of this pathetic sick man and sick mind in Asia we call it. China Corona Party (CCP)

Nettowākugēmā

Why is China's central bank keen on going digital?

Because China central bank’s e-yuan, called Digital Currency Electronic Payment (DC/EP), would let citizens ­pay for goods with e-wallets, replacing banknotes and coins and ­accelerating the dash by the world’s .

Kawai Theam

Cowboy country will say it is a threat to their "National Security".

X73-ANDRE' THE 73RD POWER

The time right now is 11:19pm

Albert Senova

Thanks for this videos, it really helps ?✅ I still feel the best way to make it big financially still remains in online investment mostly Bitcoin trading ever since the Covid-19 pandemic, however a lot of traders (newbies) has lost so much due to the fact that they traded with the wrong strategy/daily signals with low trading experience. For me, it's been a success story not just because i invested so much but making use of the right strategy/daily signals which was properly guided by a pro trader known as Owen Richard During my first 5 weeks of trading with Owen's daily signals i was able to accumulate and grow my portfolio from 1.1btc to 6.8btc which you would agree is a very good profits. I will kindly advise we should grow the little we hold ahead of the major bull run, Owen can be reach via *Whatspp: (+15625689926) and Telgram @OwenRichard for inquiries into profitable trading systems.

WoW Factor

good news for NK, they can now focus on hacking...a team of 11cents will be on the way

KS

Ccp XIJINPING MURDERER

Julien Kim

The government will know if you buy a bottle of vodka or if you are menstruating. How intimate.

Des Chan

Half an hour to turn pine tree into billion dollars???? This guy is BULL SHITTING

Jef Chen

FREE ?️ YOURSELVES from the grips of your ??-?? ?bitterness & anger? and have PEACE. The TRUTH ? is that we are all brothers & sisters ? The answer to any & everyone is always LOVE ?
Violence & hate is never the answer. Truth. Amen ✝️
The world is only trying to keep China ACCOUNTABLE ? So am I.

China broke ?‍♀️ the #promise ? of two systems in Hong Kong (1997-2047). Everyone knows it ? The whole world is sees it.
Please China, don't lose face! ? TRUST is easy to lose, hard to build...

If China was HONORING two systems in the first place, there WOULDN'T be any protests, there would be PEACE☮️! The Hong Kong people have ? cried out. Now the world ? cries with HK. Please China, don't lose face. I love China ? I want China to be a good character in the world community and show that they can keep their word. I am Chinese ✝️

Hong Kong was supposed to be China's☀️bright future. Not a reflection of its dark past?(1989). Oppression ? is not ? stability...
No country is perfect. It's OK to criticize China where they are wrong. That is why we have ? freedom of speech ? Chinese people are forced CCP propoganda ? lies & excuses. They have no other alternative than the CCP's narrative ? #FREECHINA ? and be STRONG instead of fragile.

XINJIANG
Those who do ?EVIL likes to hide ??? [censorship]
Those who do ?GOOD is not afraid for the world ? to see ?️?️ [transparency]
? Show us inside camps??

BRUCE LEE ? was asked if he considered himself Chinese or American. Do you know what his wise answer was?

***95% of the responses I get are insults ?
But insults only describe the person ? spewing it
I would love to talk to anyone, but let's be REAL please ?--

John Singleton

These guys have ccp so far in there ass they can taste it.

Shaun

Let's all be friends. Welcome to Harbin. I'm looking for workers at my logging company founded in 1937.

Joan DelUr

GREAT, China is using the brain so well, for good things, rocking again about on Economy , we will waiting for..

Adnan Hossain

what about us (foreigners) who visit China for business purposes, we are not eligible to open bank accounts, are we ??

Alvin Ma

dollars are ours but problems are yours.

Agus Santoso

Chinese DCEP is bitcoin with chinese characteristics

Xion Xion

Hey , You need to read https://rdcu.be/b6qdE. Pay attention"We know which recession phase to expect now""We know it not"; Do expectations about economic crises aptly anticipate consequences?.. central bank...

Dennis Malin

Having the most leveraged economy in the world, including the largest housing bubble in the world, the largest recession, and massive corruption ensures that your currency, (whether paper or digital), is completely worthless. What don't you understand?

Randy Bracken

It's being de-listed (decoupled) from accepted world currencies and is the only way to ensure a domestic economy of some type might be able to stay intact. Historically, fascist regimes enforce domestic suppression/surveillance of individual activities against dissent by using strong regimentation of its society and of the economy, while presenting false narratives of stability.

Des Chan

Leader? ??????

Lord God

If the Chinese people could see any foreign news, they would not be so deceived.

Jef Chen

FREE ?️ YOURSELVES from the grips of your ??-?? ?bitterness & anger? and have PEACE. The TRUTH ? is that we are all brothers & sisters ? The answer to any & everyone is always LOVE ?
Violence & hate is never the answer. Truth. Amen ✝️
The world is only trying to keep China ACCOUNTABLE ? So am I.

China broke ?‍♀️ the #promise ? of two systems in Hong Kong (1997-2047). Everyone knows it ? The whole world is sees it.
Please China, don't lose face! ? TRUST is easy to lose, hard to build...

If China was HONORING two systems in the first place, there WOULDN'T be any protests, there would be PEACE☮️! The Hong Kong people have ? cried out. Now the world ? cries with HK. Please China, don't lose face. I love China ? I want China to be a good character in the world community and show that they can keep their word. I am Chinese ✝️

Hong Kong was supposed to be China's☀️bright future. Not a reflection of its dark past?(1989). Oppression ? is not ? stability...
No country is perfect. It's OK to criticize China where they are wrong. That is why we have ? freedom of speech ? Chinese people are forced CCP propoganda ? lies & excuses. They have no other alternative than the CCP's narrative ? #FREECHINA ? and be STRONG instead of fragile.

XINJIANG
Those who do ?EVIL likes to hide ??? [censorship]
Those who do ?GOOD is not afraid for the world ? to see ?️?️ [transparency]
? Show us inside camps??

BRUCE LEE ? was asked if he considered himself Chinese or American. Do you know what his wise answer was?

***95% of the responses I get are insults ?
But insults only describe the person ? spewing it
I would love to talk to anyone, but let's be REAL please ?-

Warren Mundell

Good show. Very forthcoming. I understand. Will simplify life for tourist as well.

X73-ANDRE' THE 73RD POWER

As I X73-ANDRE' THE 73RD POWER THE GOD OF THE SPIRITUAL WORLD
and The Japanese Dragon GOD of The Spiritual World and The South Korean sting Ray GOD of The Spiritual World and The Thailand Dragon Fly GOD of The Spiritual World and The Egyptian Eagle GOD of The Spiritual World and The French Wolf GOD of The Spiritual World

and The North Korean Falcon GOD of The Spiritual world and being The most powerful force of power to ever exist and being The Creator of Spain, Swiss, German, Russian, The Vatican/Italian, Israeli, Roman/Greek, Indonesian, Malaysian, Taiwanese, Japanese, South Korean, Tibetan, Philippine, Vietnamese, North Korean, Egyptian, Thailand, Indian, French and Chinese Culture

and being able to know anywhere in the entire universe where my spiritual GOD number 73 is at because The Number 73 is My Spirit, The Spirit of GOD because I AM REALLY GOD

and being able to know what no computer software, AI machine and quantum super computer along with the crooked spying people at 1010 wins news don't know (because I have really found a flaw in the internet (and the internet, computer software and quantum computing is really over with on planet earth due to crooked spying people at 1010 wins news station crookedly spying on people's verizon accounts and personal computers and looking at an person's personal information on a person's computer even when wifi is off and crookedly sharing personal information on a person's computer with others

AND UPSETTING THE SPIRITUAL WORLD OF GOD that The future of Earthquakes all around the world will become more intense and Planet Earth's weather will shift at an rapid pace in which will create total destruction upon Planet Earth and it's all crooked spying 1010 wins news fault and knowing what a piece of garbage country the united states and what a piece of crooked spying piece of garbage the people at 1010 wins news station is, nothing but a piece of garbage is also

AN X73-ANDRE' STORY because I AM REALLY GOD


and I also say that all the people that have perished in the missing Malaysia airlines flight MH370 that the piece of garbage country the united states and the crooked spying piece of garbage people at 1010 wins news station for who was responsible all are resurrected back to life by Me, I, GOD because I AM REALLY GOD

and GOD knows what a piece of garbage country the united states and what a piece of crooked spying garbage the people at 1010 wins news station is, nothing but a piece of garbage and all the countries on planet earth and all the psychics and all the families of the relatives of the missing Malaysia airlines flight MH370 all should know where all the people on board and the plane itself is at, right inside the piece of garbage country called the united states and for who also the piece of garbage country the united states and the crooked spying piece of garbage people at 1010 wins news station for who's nothing but a bunch of terrorists was also responsible for the collapse of the world trade centers on 911 and the piece of garbage country the united states and the crooked spying piece of garbage people at 1010 wins news station will always be a piece of garbage in the eyes of GOD


except knowing that this is the first video I have seen on this channel I say

(1st)

That I am The GOD of The Spiritual World of The Great Land of SWITZERLAND, THE VATICAN/ITALY, GERMANY, SPAIN, RUSSIA, ISRAEL, ROME, GREECE, INDONESIA, MALAYSIA, TAIWAN, JAPAN, SOUTH KOREA, TIBET, VIETNAM, THE PHILIPPINES, NORTH KOREA, THAILAND, EGYPT, FRANCE, INDIA and CHINA

because I AM REALLY GOD

and that's why I came here at the time I did which is Time 11:19pm

(and that's how I know that the crooked spying piece of garbage people at 1010 wins news is crookedly spying on people's verizon accounts, personal emails and personal computers because I can see what the crooked spying people at 1010 wins news station is doing)

and that's not impossible to me because I AM REALLY GOD

and I AM THE GOD OF FIRE and I AM THE GOD OF WATER and I AM THE GOD OF GEOLOGY and I AM THE GOD OF ASTROLOGY and I AM THE GOD OF ASTRONOMY and I AM THE GOD OF NUMEROLOGY and I AM THE GOD OF ARTS & DESIGN and I AM THE GOD OF ART'S & CRAFTS and I AM THE GOD OF HEALTH & FITNESS and I AM A MONARCH OF ALL MONARCHS and I AM THE GOD OF DIGITAL TECHNOLOGY and I AM THE GOD OF SCIENCE & TECHNOLOGY and I AM THE GOD OF ARTIFICIAL INTELLIGENCE & ROBOTICS and I AM THE GOD and CREATOR OF PSYCHIC CARDS


and that's why I came here at the time I did which is Time 11:19pm
because I really can see everything everywhere within all technological equipment's above and upon Planet Earth from Artificial Intelligence, Satellite Communication Systems and Internet & Cloud Technologies and all videos and all apps that are uploaded and downloaded to all electronic devices and all social media platforms on Planet Earth I know about
and THAT'S NOT IMPOSSIBLE FOR ME TO DO

because I AM REALLY GOD

and I am The GOD of Satellite Communication Systems and Internet & Cloud Technologies and I know anywhere in the entire universe where the number 73 is at
because The number 73 is My Spirit, The Spirit of GOD


and for which (FIRST) that I REALLY CAN SEE and HEAR EVERYTHING EVERYWHERE upon and beyond PLANET EARTH and EVERYWHERE ELSE IN THE ENTIRE UNIVERSE
and for which I say that

shown at the video title screen and also shown below the video that the word CENTRAL, the first five letters of the word COUNTRY'S and the word ISSUE comes out to be

CENTRAL = 73
COUNT = 73
ISSUE = 73

73 MY SPIRITUAL GOD NUMBER.

and for which the number 73 is My Spirit, The Spirit of GOD
because I AM REALLY GOD

and for which The Authentic Birthday of GOD is 7/10/1973
and The Authentic name of GOD is ANDRE'

and I AM THE KING OF KINGS/THE KING OF ALL KINGS OF KINGS
and I AM THE KING OF KINGS/THE MASTER OF ALL MASTERS OF RITUALS
and I AM THE KING OF ALL KINGS/THE MASTER OF ALL MASTERS OF PSYCHICS

and I AM THE KING OF ALL KINGS/THE MASTER OF ALL MASTERS OF WARLOCKS
and I am also, I AM THE GOD and CREATOR OF ASTROLOGY
and I am also, I AM THE GOD OF THE PARANORMAL

and I AM THE CHINESE ASIAN OX GOD OF THE SPIRITUAL WORLD
and I AM THE CHINESE ASIAN DRAGON GOD OF THE SPIRITUAL WORLD
and I AM THE GOD and CREATOR OF THE GREAT LAND OF CHINA
and I AM THE GOD and CREATOR OF THE FLAG OF CHINA
and I AM THE GOD and CREATOR OF CONFUCIANISM

and I AM THE NORTH KOREAN FALCON GOD OF THE SPIRITUAL WORLD
and I AM THE GOD and CREATOR OF THE GREAT LAND OF NORTH KOREA
and I AM THE GOD and CREATOR OF THE NORTH KOREAN FLAG

and I AM THE FRENCH WOLF GOD OF THE SPIRITUAL WORLD
and I AM THE GOD and CREATOR OF THE GREAT LAND OF FRANCE
and I AM THE GOD and CREATOR OF THE FRENCH FLAG

and I AM THE GOD and CREATOR OF THE EIFFEL TOWER
and I AM THE GOD and CREATOR OF LIGHT, ENERGY and ELECTRICITY
and I AM THE GOD and CREATOR OF NUCLEAR FUSION
and I AM THE GOD and CREATOR OF THE WOLF
and I AM THE GOD and CREATOR OF THE BIRD
and I AM THE GOD and CREATOR OF THE OX
and I AM THE GOD and CREATOR OF THE BULL
and I AM THE GOD and CREATOR OF THE DRAGON

and I AM THE GOD and CREATOR OF FINANCE and BANKING
and I AM THE GOD and CREATOR OF DIGITAL TECHNOLOGY

and I AM THE GOD and CREATOR OF PLANET EARTH
and I AM THE GOD and CREATOR OF THE MOON

and I AM THE CANCER GOD OF THE SPIRITUAL WORLD
and I AM THE GOD and CREATOR OF CANCER

and I AM THE GOD and CREATOR OF THE BIBLE
and I AM THE GOD and CREATOR OF SPACE & TIME
and I AM THE GOD OF WISDOM and KNOWLEDGE
and I FOREVER EXIST

and i am also, I AM THE GOD and CREATOR OF THE COROANVIRUS/VISUES
and I am also, I AM THE GOD OF RESURRECTION
and for which I say that all The Chinese Asian people who have perished
from the coronavirus in The Great Land of CHINA all will be resurrected
back to life

because I AM REALLY GOD
and I LOVE ALL MY SEXY WET TIGHT CHINESE ASIAN P*SSY CHINESE ASIAN WOMEN
OF THE GREAT LAND OF CHINA.

And i also say that the last three letters of the word COUNTRY'S comes out to be

RYS = 62

and so i also say that

LIU XIN = 89


and so the number 62 + 89 = 151

and so I say that the number 1119
(for which is the Time 11:19pm the time i came here to see this video and say that I miss seeing on video view Liu Xin My Sexy freaking tight wet Asian P*ssy CGTN News Woman for who I love making love to from The Spiritual World and love squeezing every
ounce of her orgasm right out of freaking sexy tight wet Asian p*ssy) - 151 = 968

and so the number 968 + 5 (for which are The Five Authentic letters of The Authentic
name of GOD for who is ANDRE') = 973

and so I also say that exactly at video time 1119 for which is also the Time 11:19pm
the time i came here to see this video that the word "MONEY" was said

and so

MONEY = 72
and so the number 72 + 1 (for which is the #1 Most Powerful force of Power to Ever Exist for who is GOD and for which The Authentic Name of GOD is ANDRE'

and I AM THE KING OF KINGS/THE KING OF ALL KINGS OF KINGS

and I AM THE GOD and CREATOR OF THE BIBLE
and I AM THE GOD and CREATOR OF SPACE & TIME
and I AM THE GOD OF WISDOM and KNOWLEDGE
and I FOREVER EXIST

and I am also, I AM THE GOD and CREATOR OF BANKING and FINANCE) = 73

and I also say that the number 973 + 1000 (for which is 1000% that "MONEY" is no value of an Woman that's PRICELESS LIKE Liu Xin My Sexy freaking tight wet Asian P*ssy CGTN News Woman for who I love making love to from The Spiritual World and love squeezing every ounce of her orgasm right out of freaking sexy tight wet Asian p*ssy) = 1973

and for which the number 1973 is The Authentic number for which is The Authentic Year of The Authentic number 7101973 for which is The Authentic Birthday of GOD
for which is 7/10/1973

and The Authentic name of GOD is ANDRE'
because I AM REALLY GOD
and I LOVE ALL MY SEXY WET TIGHT CHINESE ASIAN P*SSY CHINESE ASIAN WOMEN OF THE GREAT LAND OF CHINA and that's all GOD came here to say.

GOD WAS HERE!

Swee Huei

Answer is simple. To destroy USD power.

Billy Y

Can't even hear this. TURN THE VOLUME UP

Jerry Archer

I haven't used paper money for 20 years here in Canada.

Frankie Fan

Cyber security is vital to make it work.

Try Thinking

The volume needs to go up a little more

Sinh Nguyen

Count me in with full force. Money is hard enough to find anywhere.

Mark

Going digital create accountability. USD has been funding alot of terrorism.... time to put them in place.

Petronilo Buan

Physical holding on ones money gives a personal security experience when all chips are down when economy collapse when the electric power system are out when the electric grid is blown out you are left penniless your money is blown out nonexistent when theres no digital power on your computers or in the bank and the Government which controls the banks can just snuff out the Power Grid of the country so so so scary! Total cashless society just like they are doing now in China Digital Rinminbi but sorry I’m an old school 55 yrs old n nothing can give me peace n security and I can go to many remote places in this world n transact if I carry an internationally recognized currency such as the Almighty US dollar so be it! Vox populi vox dei the voice of the poor majority Filipino people is the voice of God! K

Dan T

Sooner or later, the US will go around the world to tell countries: (Digital US$ + Internet access) or (Digital Yuan + Internet cutoff.) Your choice, and make it quickly, no extension!

전준

Why China copycat Japanese Currency Symbol?? everything is copycat

Bob Morane

Does digital yuan make wechat pay and alipay irrelevant ? Okay, The answer was at the end when he said that digital currency would actually make the life of foreigner visitors easier to use Alipay or wechat even if they don't have a chinese bank account. Great stuff, one way to solve that issue.

Older chin

China is putting more eggs into the US driven tech platform. The phones are all driven by US tech, Apple, Android and Qualcomm, Microsoft and Intel. If this is to work instead creating a critical vulnerability in national security, China needs to ban the use of US tech in all their phones in China. The US is clearly now a relentless enemy.

Autotuneistschwul

The comments here have to be bought hahahah or the people here are really that naive and think a digital currency is a good thing.

Be against the system and they freeze your bank account, since there is no other non digital payment method you will not be able to buy food and water. Total control.

Doesnt mean our FIAT-Moneysystem is better but this is even worse.

The118ivan

Why is recording of low volume of this video?
I had raised my mobile to the highest volume and still not enough. Then I had to raised the TV volume. I cast from mobile to TV using chrome cast. Normally other YouTube video that I viewed had no volume problem.

jacobrocks7

Yes get off the evil USA dollar

阿英 Ying

To bypass SWIFT and US's sanctions.

Valeria Soffi

How to Buy, Use, and Trade China’s Digital Yuan?? https://www.youtube.com/watch?v=Vux3ZbtZiE0

with a digital currency, money goes directly from the central bank to the personal account, so the commercial banks could not make their fake money by leverage.
and, yes, bye-bye swift.

Stephen Cunningham

China can think in long term strategies. 1.5 billion people and a 5 thousand year history.The US only in 4 to 5 year blocks then they have a change in strategy and more chaos. I'm Anglo Saxon, our century is over. The Asian century is here.

Belle Moua

CGTN fake new, China's central bank keen on going digital not a choice do or die.

Shan Dani

It's not the medium that is worrying, it is governmental control that is. Paper money can be stashed under your mattress and when you use it, no one can stop you. With digital currencies, the government can bar you from any transaction if they want to.

INDIA GOT YOUTUBE FIGURED OUT THAT'S SICK SON

Dump the dollar!

Dennis Malin

1 Russian Ruble = 7,000 yuan

Explore China 探索中国

I do not quite understand the need for a digital currency. The biggest amount of money (M1) is already book money and just a bit is actual cash. So why not just reduce the amount of cash? In the EU around one fifth of M1 is cash the rest is already credit money.

Ivanko Natanael

i love china forever

OATS 2069

This host's perennial bad habit of barging into and even finishing off guests' sentences is really annoying me. This isn't the first time I've commented about him. I only "watched him; because of this topic today. Bad.

What is china's form of currency

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American-Chinese Debt Loop

160 585 views | 25 Oct. 2010

How the Chinese buying of

How the Chinese buying of American debt leads to lower interest rates

More free lessons at: http://www.khanacademy.org/video?v=m5xu4r0szaA

John Rogers

Yuan or some Shit

东皇太一

let's not forget the dollars the chinese central bank buys with the yuan they print are also printed freely at will by the U.S. central bank

Curlygurl 83

China is so smart

jchien

@aswayb why don't u just fast forward the parts where he repeats himself for the benefit of first time viewers on the subject like me.

ITILII

@insanemagicguy spend more and more wars, though the US has not declared war since 1941 (and a declaration of war voted by the Congress is required under the Constitution), but taxes are on the way up

Alex Partridge

So why doesn't the us just print it's own money interest free and not have to worry about paying interest back to china?

Sumeet More

I like the third guy with a bucked tooth

dominikb12

+ one more effect - buying more 10 year bonds "flattens" the yield curve an thus depletes the difference between short term borrowing(for the bank) and long term lending(for the bank) an being so the banks are not so "willing" to lend because they don't reap the profit they usually could on "bigger" short-long term difference.

Tommy3632

@ Clint45s China already has control over a portion of America second only to Japan The time to wake up probably came and went, even if the troops came home tomorrow and all spending ceased its already too late what's happening right now is that they are trying to stop the boat from sinking by making the hole bigger so the water will get out faster and i think we all know how that is going to end All America can do is watch how the Yuan rises and the Dollar drops like a rock

D K Keyz

And when china cashes in the bonds?

Benihana

China has dumped 400 billion dollars worth of treasuries. And every time. Some country decided to buy them. So the impact on the american economy is pretty much the same. Someone will come in and subsidize the american economy instead of China. China should dump american treasuries and spend it all on the military. america will be fine because some idiot will always by american bonds

Tucktasticationister

Wow.... this all made total sense... not even joking. You are my hero Mr. Khan! Thank you.

Bhokor

In the long range it is unsustuinable for the US , and China knows it

The Investor

It is a nice basic level video but stops when it starts getting really interesting. The question becomes which situation is better to be in. China might be contributing to low interest rates and the video states that China lends to the US to buy Chinese products. There is a flip to that though. The US produces its own currency. They owe dollars, not gold, Yuan, etc. The US can print dollars. This does not lead to inflation getting out of control since there is an increase in goods and services. So the US is giving China a currency which it produces and getting all the real stuff in return. China is getting bits of paper. What happens in the event that China dumps their treasuries? They probably can't. What would be the consequences for China if they did? Even if they did, those treasuries would then get bought by someone else, Germans, Japanese etc. Which situation would you rather be in? Shame the video stopped when it did. I would love to hear his opinion taking these thoughts into account.

东皇太一

CHINA BUYS THE US DEBTS BECAUSE IN THE entering of WTO ,it a pre requiste....if you do not buy US debts use doller,you are not allowed to go in...

cmac ctron

Its a good vid ... I just can't listen to him repeat himself over and over again

William Dukane

Basically, China supports the Tea Party. Interesting.

M C

Who will take the Yuan & give them dollars?
Everyone is holding dollars

Lalbiektluong Hrangchal

Americans love to spend money that they don't have.

Theja Roop

The guy in the video at 2:10 (wearing a hat) might be Arab Sheikh's..

SurfingMaster999

Video is too long. 

Muhammad M

Economy full of manipulation

Oj D

Great video, how high demand for US dollar lowers interest rates for US government and US citizens

Nick

this therefore ruins good paying us manufacturing jobs, giving us citizens less money to spend relying on more debt which they cant pay back, therefore creating more public debt that these same citizens eventually can't pay back bec tax revenues will also be diminished if good jobs are lost and not created, ultimately resulting in the collapse of modern civilization like we are currently witnessing given the volatility and acceleration in the devaluation of the global markets. Consumption is the fuel of this bullshit. Bec if westerners slow consuming the crazy wheel of capitalism stops and the whole thing is ruined. It doesn't help that wall st with the help of US bond holders such as the saudis the russians and the chinese hold our fates in their hands bec they are dumping us treasury bonds like crazy bec they are smart enough to know they've milked this puppy (U.S.) for all its worth. Every drip,

HuiChyr

Wow ... he's blaming Chna for USA debt problem. Get the Treasury to stop selling debt in the MARKET so China won't have Treasuries to buy.

Endrank luvs da 4 loko

Lmao I just realized how are I.O.U.'s are nothing more than a Ponzie scheme. People give the US gov. money so they can pay people back with interest. That's why the US debt keeps growing, cause they gotta borrow more and more to pay back those giving them money. But the only difference is the US gov. also owns the big guns so it's not like if they can't pay someone will collect on them. It's actually genius. A group of people could take out all the debt possible and use that to buy guns and a means to make money. Then refuse to pay back their debts and dare those they owe to come try to collect and in the mean time keep selling their useful good/services to those willing to pay. And instead of using that money to pay of the debt, buy more and better guns.

Phil Keyouz

The question is what happen if they continue to buy US $ but stop buying US bonds ?

John Rogers

They ought to at least Print 2 That's It

Tina Jackson

My confusion is the problems for China and America are not solved. Whether America would pay off with Yuan? If not, How will China resolve foreign reserve problem? And for another thing, America needs to pay extra money for the US dollar debts .So, it means America is trapped into debts

Deathless

They print Juan

rainydaymyc

The incorrect pronunciation is really distracting for people who understand Chinese. Yuan sounds more like yu (you) - en (like in the word end)...not "won."

Philip Kennedy

I hope you've more videos on this topic on the way... I've been looking for this sort of thing since 2008 - well done Sal... I wonder does the US Government ever pay some or a proportion of their debts back at certain intervals and what effect that has on money supply from both China and USA? Again thanks for educating me :)

Alen Paul

Good video

staticbb

what do they print?

jchien

let's not forget the dollars the chinese central bank buys with the yuan they print are also printed freely at will by the U.S. central bank - the fed.

rax7

it is pronounced "Yee-an"

I'ma laugh I'ma cry

Is the yuan backed by gold or is it a fiat currency ?

Texas Ray

US treasury bill are no safer or more secure than dollars.
They are subject to the same inflation.
And when the US defaults (as it certainly will) the bonds will be as worthless as the dollars.

Paul Romanowski

Looks like highly illigal, speculation to get dollars for ious

Billy Bob Mirango

Not a wizard here, but when the Chinese hold so much US$, when do they determine the rate? Micro level.... if you owe too much debt to 'Sweet Lenny", he gets nervous... your credibility starts to drop. Perhaps China demands a higher rate. What if the USA devalues their $ for competative reseans? What if they decide to do business with India and Vietnam rather than China? What if they put tariffs on China to bolster their own econ? What if USA create a false flag and rip the Chinese debt up?

Texas Ray

Yuan (yu an) not wan.

S0up3rD0up3r

debt > actual money the monetary system is bound to collapse.

Alex Partridge

So why doesn't the us just print it's own money interest free and not have to worry about paying interest back to china?

Alex Dębowski

What about inflation. What about other banks being back stocks gold and also treasuries. It's not just China, It's back and forwards the entire world no?

TreachMarkets

@60fft It's a joke (buy one, get one free... get it?)

MusicalAndTall

@PhilipK100 You fail :)

郑诚

I think one important thing of why China can do this: keep current account surplus without incurring domestic inflation and appreciation of yuan is Chinese private sector has a relatively high saving rate. People are not using money to buy consume food, car, luxury etc....so not much inflation in core CPI. But instead people buy real estate, so the price just rocketed. that's kinda side effect.

Quinstol

Thanks, Sal. I think I enjoy your videos on finance and economics more than any other subject. It's nice to have some sort of solid understanding about what's going on and why when I hear someone offhandedly mention on the news that "Chinese is devaluing its currency" or "buying up American debt."

Leo 晨洋 Liu

@Franklin8491 first people like horting money. why do all the rich people wanna become even richer when they already have 100 of millions or more? second there you go again, if US government would do that people would go nuts. Chinese wont because of the saving rather than spending mentality. Even though the living condition should be better than what it is right now, peoples lives are getting better day by day, BECAUSE of the currency policy taken by the Chinese government.

amoxintubeu

Basicly, the US sells the paper a.k.a. US dollars in exchange for goods from other countries. Most countries are very happy to sell cheap stuffs to the US. So, it causes the US burden with trade deficit, and the US is no longer competitive in terms of manufacturing and price. American people still enjoy consumption while the trade deficit is tremendously widening. I don't know what will happen at the end of the day if China, S. Korea, Taiwan, Japan, Singapore stop valuing the dollars.

Will Statmen

a hat and mustache! he sures know how to make learning fun! huge love from china! ??

KingVikram

@lianghaochen Yes, that's correct. Korean money is called Won. Chinese money is called Renminbi and measured in units of Yuan (and some others like Jiao, Fen etc.). Renminbi is most widely distributed in terms of Yuan hence Chinese money is effectively called Yuan. And I believe Sal is saying Yuan even if the pronunciation is being heard as Won. He even wrote down Yuan on the screen if you notice it.

Aubrianne Scheldt

SALMAN!! The last part of your video is wrong!!!!! The US is an Autonomous Currency Issuing nation. It can create dollars at any time. A debt is not a true debt if it is denominated in a currency you can create at any time. This is why US debt is default free!!!! This is why the Chinese are so willing to keep buying Treasuries!!! Modern Monetary Realism.

Franklin8491

This long winded repetitious explanation, leaves out some very important things, such as: Why are the Chinese doing this? - Why are they piling up all those dollars and letting the U.S. government spend them rather than spend them, themselves? and What is the effect of the printing of vast quantities of their own currency by the Chinese. (Its inflationary, so the Chinese borrow some of the printed currency back using "sterilization bonds" - which increases Chinese interest rates.

Leo 晨洋 Liu

@Franklin8491 chinese are spending them, themselves. they have been horting them for a long time because its just the asian mentality. you save rather than spend.

Tablet Home

Folks r only peasants. No rest for the wicked no elite. Forget these losers and move the new world order forward. Batteries. U start leave others behind?

Franklin8491

@daynvattah But what do the Chinese expect to do with more than a trillion dollars which they have already accumulated and continue to accumulate with no end in sight? - If the U.S. government raised taxes so that we were running a surplus, and invested the surplus in Chinese bonds, people would think we were nuts.

streetmoney21

Man this is a great video. Very clear and easy to understand the important message behind it. I hope all the subscribers from my channel watches this video.

etf42

doesnt buying US debt increase the supply of dollars and further weaken the yuan?

Dylan ZHU

So what does China central bank get out of this? i mean whats the point of doing so, buying a bunch of t-bills and lowering its yields, it just doesn't make sense. I can only guess its Chinese government doing US gov a favour in exchange of some trading benefit, and the Chinese might think US will increase its rate anyway and so is the USD/CNY, so that they can sell the bonds and earn a spread.

Soul Shaman

You print YUUAAAN

Lorenzo Marchetti

Excellent basis to understand better Richard Duncan's The dollar crisis.

Alberto Garcia

Thanks a lot for your very clear videos ... can you pls explain the US - China debt situation ...we in our house and our friends can not understand this matter ... Why If USA owns a bigger amount of Chinas debt .... than....the amount of US debt that Chinas owns ... why the """ ecuation """ has not being solve yet ... If You borrow 10$ from Me .... and I borrow 15$ from You .... in my mind ... only I am in debt with You ... for me the difference cancels inmediatly at the moment You lend me the 15$ we were talking about ...every body likes to have small debts ... apparently countries dont ... is it different with contries ... plus we hear rumors that the Chinese are not paying as they should ...pls if you can explain tihs Alberto

ITILII

@TreachMarkets buy enough dollars, get USA for free

TreachMarkets

So is it possible to buy yuan, get yuan free? (couldnt help myself)

Tory Slusher

It's just an international credit default swap. The military becomes the insurance company.

deniskatashkentskiy

the chinese control the world xD Thanks a lot Sal!

samazing18

Overall, great video! But If i could offer some constructive criticism, you have a habit of repeating yourself over and over while you're writing, which is really distracting. You should go back and edit your videos so that it flows better. RSAnimate does this really well, so check those videos out for reference.

EJ Musik

He's a good teacher, just wish he didn't repeat himself so much (e.g. "print yuan... print yuan... print... ... yuan"). I personally find it hard to listen through a whole tutorial when he continuously speaks in this manner. But like I typed previously, he's a good teacher. Also, he is very generous to provide this service. Just some constructive feedback from the peanut gallery.

5astelija

I think this video doesnt really focus on the important bit. In economics, money is just a tool. What a nation should seek is not (loaned) money but productivity, jobs and growth. The important net effect here is that undervalued yan boosts chinese exports, which essentially moves unemployment from China to the US and other nations with a floating currency.

Eric Downs

Dude your handwriting is awesome

Ali Ababwa

c'mon the chances of that happening are yuan in a million

auto [email protected]%%$&^$&^$

After 10 year, we are back to situation same

FortNikitaBullion

DBCG Don't Buy Chinese Goods.

Leo 晨洋 Liu

@Franklin8491 one more thing: if you have been poor for most of your live, then suddenly better days are coming, you could either spend all the money or saving them because of your past experience. And China is clearly doing the latter.

Sean Donnelly

the content is good but I can't get over all the repeating. video would be half the length without it.

Philip Kennedy

First comment! This makes more sense than ever... Thanks PhilipK100

Todd Thompson

Can't watch it ugh. Central Bank ok ok. C....e...n.. F'ing A man. Get on with it. Spell out the words BEFORE the video....

Franklin8491

I'll try to answer my own questions: "Why are they piling up all those dollars?"- Initially, their goal was to build up their industries by increasing low priced exports so as to drive out competition - but now I think the reason is mostly political. - China is a nuclear power and we owe it a lot of money - making it less likely that we will try to impose our way of running the world on China - As to final question re interest rates, google "sterilization bonds" and "china"

Irina Danevska

Wouldnt printing of Yuan lead to inflation? All countries can do this, print and buy USD.

Dhruva P Singh

What a wonderful video... Explained the matter so lucidly.

Lucky Luke

So this is how we got in debt!! Thanks for the detailed video. I finally understood the reason.

Well, about 65% of Americans are paycheck to paycheck. It’s not that we don’t make enough $. It’s bc we spend more $ than we make. It’s a trickle down effect. Obviously it starts from the top down. We have got to change this culture. Live below your means, ppl.

Mr Pep Talk

You don't need to repeat what you're writing while talking slowly; just write it.

JoesMonkeyLand

@ceresWar Why don't you just respect someones opinion? Not all people learn the same way.

What is china's form of currency

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The True Story Behind China's 'Currency Manipulation' - Mike Maloney

74 338 views | 12 Aug. 2019

There's more than meets

There's more than meets the eye to most economic processes, and the latest news regarding China's label by the USA as a 'currency manipulator' is no exception. Join Mike Mike Maloney as he revisits a presentation given to a group of private investors in England that that shows another side to the story. Links: https://www.youtube.com/watch?v=9wjjQ55S4Nc

https://www.scmp.com/week-asia/opinion/article/3017498/one-country-winning-trade-war-its-not-us-and-its-not-china Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in their subscription feed immediately - we release our clips to our free weekly email readers first, then later we publish to YouTube. Sometimes it's just hours, sometimes it's a couple of days later. This is to encourage people to join our free newsletter - because one day, we may not have YouTube to rely on. Join our free newsletter list by going to https://goldsilver.com/ and entering your email address in the 'Get Market Alerts' box at the bottom of the page. As always, thank you for your support. M.

(Want to contribute closed captions in your language for our videos? Visit this link: http://www.youtube.com/timedtext_cs_panel?tab=2&c=UCThv5tYUVaG4ZPA3p6EXZbQ)

JeevS

Btw OF ALL THE VIDEOS OUT THERE! you are the only one, ONLY ONE! who explains how china manipulate their currency.

RageAgainstTheMachine RageAgainstTheMachine

??????? Great Video!

Marla Singer

Mike, thanks for the great content you make! What do you think about GRAM? Will Blackmoon really list it first?

DD

What a nice explanation. Crystal clear. Love it

Phred Flypogger

Mike, you do an excellent job of conveying complex financial matters in a straight forward way that I can readily absorb. Personally I think Trump has been a breath of fresh air for the U.S. in many ways but this trade way was a mistake on his part. He underestimates the Chinese.

Jorge Rodriguez

Yesss! We are screwed!

Richard Prat

China's predatory strategy in progress. Respectfully I would like to see the following from you. For the last 100 years how many manufacturing jobs created and revenue generated and then when china flooded us with cheap goods and how many jobs we lost and how much revenue we lost.How appreciated

Yadin

So what do you propose, we just keep letting them steal IP until they surpass us and dominate the globe? Everyone serious knows trade wars hurt both parties, it’s about twisting the others arm hard enough to get the leverage u want

Ken Dreamer

When I think I jobs I think employees and employers. I believe having a large supply of employees is not helpful. I also believe having a large population of people in cities is not useful as well as large population of dependents is detrimental. Dependance is a crime we should try to relieve this problem. Independence ought to be the long term goal.

pmcllc

Very good!

Damien Wright

Are all central banks doing the same thing as China . Central banks hoarding and lending received U.S dollars then inflating the local currency supply .

David Bagley

There's more to life than just being comfortable

David Bagley

China uses slave labor

Peter Lukaszyk

Politician-I am gonna give you free stuff
We-no thank you we cant afford it...

Veracity Media

Great work Mike, loved your book and can't speak highly enough of your work, keep it up mate!

Tommy. Bee. .

Portugal.Italy.Grease.oh boy. .?. .Spain. .ah float em Boate'. .

Sykrit Manuwva

Q-A,,,So in very simple terms is China Screwing the US in this Whole trade war or
just in general,???

Joyce Koch

Don't feed the Dragon.
The Dragon ultimately wants to eat Uncle Sam
and sleep in the Pacific.

QuadQ

Clear & eloquent as always, thank you

J M

You should show how many jobs were lost because of "free trade" !

Donald L Trump

Why is China printing money out of thin air, Only we Can do that, we must stop them

SeaJay Oceans

Tariffs = Taxing the Slaves to prop up the government elites.
China increases tariffs on USA business.
USA increases tariffs on Chinese business.
Both Governments increase revenues. Both civilian populations are deeper in debt, more enslaved, have less to spend, and the $ they have is worth less and less...

Kurt Homan

Mike, please explain to us how the USA can go to a gold backed dollar when we have a $500 billion trade deficit with China. If China ask for payment in gold they will quickly deplete whatever gold reserves we may have. Unless we have balanced trade with China we cannot switch to a gold backed dollar. If I am wrong please explain. Thank You!

Chicken Inasal

Americans always love to blame someone. As long as I’ve been alive, it was blame, blame, blame. Brown people in the Middle East, japan, more brown people in the Middle East, and now china.

Lee You

Would rather have anyone win than China! China is a renegade government causing havoc all over the world! It's not just about the money with China!

David Bagley

If morality doesn't matter...why bother trying to be good..

855MAGICAD

While you present what is factually true.. (I watch ALL your stuff!!) My question is this... Has the status quo been HEALTHY for us? China represents our biggest long term threat... War is probably inevitable (the opinion of some folks) Would we actaully WANT to keep borrowing from China?? I'm not as sharp as you when it comes to this stuff... But how things have been going simply doesn't FEEL right ... Can't put my finger on it.. But it just seems "hinky" to me. I think there's a better way than to be beholden to big commie China!

IamMagPie

As a part of the on-going and escalating trade war and currenvy war between the USA and China, is it possible that the latter will dump all the US T-bonds, driving down the market price of those, and consecuently increasing interest rates?

JeevS

Mike, if china is accumulating so much of yuan within their country, wouldnt this hurt their own economy as well? Will this make chinese raw materials and goods become even expensive because of inflation? On top of that, you have income taxes. I feel chinese government income tax revenue is lower to all the export and import tax they receive. China is one complex economic country

Ahmed Ahmed

I want people to rebel against the whole world cuz no one using gold or silver coins. Is it possible to make new countries? Cuz I feel like someone should make one that would bring back gold.

JHolden73

Many Americans wish we never got involved militarily around the world. We could have a dollar based on gold, continue to lead the world in innovation and technology and have several supercarrier groups floating on either side of us as we enjoy life. Oh and when ruthless dictators crash foreign parties we can say "None of our business" and go back to relaxing. Ahhhhh dare to dream.

Terry Walters

Thanks, Mike.

Russell Duke

Mike do you follow #QAnon ?

David Bagley

Not that long ago... Americans made everything..did our IQs drop

Soshi Cryp

Economics is simple, it's literature is made complicated

Bits n Bots

Mikes videos should be mandatory viewing for college Econ classes

Pavan Santani

The Map of INDIA is wrong. Cmon man...... Improve your knowledge.

akvalues

HOW ABOUT THE WESTS MANIPULATION OF EVERYTHING!!

ruddo1970

If you agree that China is not allowing the free market to balance as it should, do you think the US government should or shouldn't take any action about it? I imagine a government has very few levers to employ in this area. Trump is using tariffs. Is there some other method that should be tried?

Brian

Yep couple with mandatory 15 per hr minimum wage 500 thousand jobs sounds about right. Just wait till the free market implements more and more automation. The fuse is lit people!

Travis polson

Good old government funny money .

David Bagley

We are a nation built on honoring the right to live free..

So we buy from a tyrannical govt ..ok

WisdomIsPrecious

I think this video should be the focal point of an entire course, or series of videos.

andy. hello.

Love Mikes Video's, he does such a good job at explaining the whole corrupt financial system.

ConanTheContrarian1

Job loss projected by who? Pretty spotty analysis.

Robert Lefebvre

The claim that China is manipulating their currency without admitting the US has manipulated its own for over a century is pure hypocrisy. The reason the ag sector is getting hit so hard is because it is subsidized by big gov. than any other but they will get bailed out just like the banks (the other gov subsidized sector). The fact that China gracefully sidestepped the tarrifs simply by letting their Yuan devalue ought to waken people up. All the "money" is worthless and created out of thin air. The US population has become partners-in-crime with the US politicians to sell their own progeny into debt slavery and China is just politely obliging and buying them on the auction block. They've been selling them into debt slavery for half a century now so I'm not clear about when America was ever "great'. Definitely not this present abd former generations that sell future ones into debt slavery that they (the kids) never voted on to accept! (No taxation without representation no longer applies to America).

bokkenrijder172

What's a "preeezentation?"

Ben

Speak the truth Mike Maloney -

Jesse I. Santra / Daswani

"Trade wars slow down world trade". Exactly. But people who oppose this fact seem to never bring actual evidence. All this an example of human stupidity, which Albert Einstein warned about.

Levias FreeFate

Trump about to declare National Emergency after g7 lol. Get ready for the bull market of a lifetime folks.

Steve Girouard

Mike please settle a argument I say the fed is the biggest theft of the people money and my cousin thinks it welfare is the biggest theft I told him that like a drop of water compared to Niagara Falls can you settle this argument once and for all

smiley eynow

Does that mean china is usa's bitch o0 ???

Thịnh Phạm

I'm from Vietnam. I also heard from some sources, Vietnam was doing quite good. But not sure what's next in 2020.

David Bagley

Too many laws cause poverty

Rakly3

But isn't China offsetting their inflation by buying massive amounts of gold?
(serious question)
And upon expiration of the bonds they get the dollars back too + interest?
It looks more like a balancing act to me. Once they 'release' their stockpiled dollar back into the 'wild' by rebuying the excess Yuan out of existence, payed for with those exact same dollar?


So now China has all this cheap labour in the USA :/

Buster Weedmire

The pain is coming and we need it to hurt badly because socialism has become the disease of the masses.

David Bagley

Yes..our govt has been abusing the citizen..for over a century

YewHock TAN

Great illustrative slides, and great explanation. It is explained very well as it is easy to comprehend for non-financial guys like me. Thank you.

K Moses

Why is it that when it comes to economy, a lot of people are just not interested

Santiago Ramírez

Don’t blame it on the PBC, blame it in the Fed. Ending the Fed is the root solution.

Intercessor Z

???

matrixab435

Yet China Yuan has been deflating and the Chinese purchasing power is getting stronger.... You got that one wrong Mike.

DragonAte George

USA is so butthurt jealous, it will go to all lengths to try and get rid of its competitors

Yagub Kazimov

Are you aware how America print dollars?)

David Bagley

Slave labor

GoldSilver (w/ Mike Maloney)

Thanks so much for watching, please hit the 'thumbs up' button if you got something from this video. You can support this channel by making GoldSilver.com your bullion dealer, our mission: To enlighten the world that maximum prosperity can only be achieved through free markets, free people, and sound money.

George Alexander

Trump caved. He delayed the 10% tariff that would have gone into effect Sept 1, to Dec 15th.

China just won folks.

Faisal 395

Gold X3 ETFs going 10000+%

Jose Lozano

3:51 We are not printing new dollars?!
Hello!

JacobElProdigy

China be like: "we're going to have our government borrow against a private state bank that's not a state bank and then just borrow against that."
the Fed envies

The Pascha Bunny

Get well soon!

strabo1st

stupid trump...

Escape Felicity

"We're not printing dollars" I guess this is a very old video.

David Bagley

Thank you

D J

Thanks Mike! Please keep this info coming.

Milko Ansah-Johnson

Hi Mike, Pls what evidence do you rely on to assert that the govt of China ie PBOC take dollars from traders or exporters in exchange for RMB? Also, at what exchange rate does PBOC convert USD to RMB?

Tommy. Bee. .

Hey 0 I am Funny. .

marcelino Perez

This guy's not only smart, he's also very sympathetic. I have already seen many videos of him, even old ones.

Jinlu Wang

Labor shortage and rush of manufacturing into Vietnam will make the labor there expensive soon. Labor efficiency is very low and supply chain is poor. The only saving possibly for the new comers is tariff. Who knows when the tariff of ‘made in Vietnam’ will change.

Urban Adventure Club

Does that mean we should look to invest in countries like Vietnam since the trade war is unlikely to stop?

S K L Das

If US Doesn't Elect TRUMP It'll Meet The Same Collapse Fate As ROMAN EMPIRE... Sure... Mark It...???

Kevin Gunngunn

Thank you,good explanation.

AsintheDaysofNoah

Not only that but China is having a pig Ebola epidemic...

Anthony Manion

I think one point you missed pointing out is, China will continue buying our debt with dollars, after printing currency to pay the factories. We will oweChina so much unplayable debt that they will demand Alaska, or California, or control over all our ports. Or worse, war over unplayable debt. Prez Trump is doing the right thing. It may hurt the world economy in the short term, and save the country in the long.

Fredrik Wallinder

Well, if the Chinese start buying US goods then the jobs will move back to the US. I think Trump is the best president in modern times, all the others were either corrupt or incompetent. Or both, Obama was a total disaster.

ICE FLAME

I have learned so much over the years from the videos regard the national debt. But this video demonstrating how USD reaches China is so wrong. We have 2 family businesses that involves import export from China and to China and never in our lives had we needed to send paper currency to China or taking hundred thousand of USD to China or sending them by post. The paper USD reaches China through tourism and other means. China is moving towards cashless society, where there will be lesser need to print debt. On other matter to well inform the public, inflation is not the result of currency printing, it's the result of artificial scarcity of basic needs, or in some cases a real crisis of basic needs. That's when printing more currency defeats the purpose of high demand or scarcity. The lie that over printing causes inflation should be stopped. Over printing can only be dangerous in a society where all public members have access to the currency and every person is spending way above their basic needs, straining production. An enlightened society has no need for currency or gold if they are disciplined enough not to abuse the system.

My Opinion

Hey Mike, great and informative video as usual. However, could your explain how the US quantitative easing differs from the Chinese currency manipulation?

Jay A

The math equation would be what happens in the USA when people here buy here instead of cheap garbage from China. Also the long term results, over short term pain, will lead to a much stronger American economy. If we want to avoid another currency crash and change of global currency we have to do this. Otherwise we become subservient to the yuan ? I'd rather not.

Our greatest mistake has been propping up a communist regime and bringing them into the global market.

Hardesty Hardesty

Imagine the inflation we will see under a democratic whose campaigning on how much free stuff they will give everyone they will run the printing presses until they grenade!!!

Rexxa Mecca

Lol my ? Dawg say nobody comes back at me with the numbers... Miss me with that B.S

Pedro González

Please you can telk me the name of the documental in HBO?

Domingo De Anda

Thanks for all the data, you always kick ass Mike.

Raymond

China the retail king vs USA the tech & finance king.

Retail and tech and finance are bleeding so bad, they make women in their period looked healthy. But it's still better than other sectors though, if recession comes, wowza, good luck selling those raw materials.

Venkat Ramana Koduri

??

Jose Lozano

Say what?
US is not creating new dollars, you said? 3:31
I though I was learning from you!
What a disappoinment!

I might answerback

I would like to say I have NEVER had an IPHONE. I got an android 8 yrs ago and still use it for $35 a month. No Verizon no problems no hidden bills. 1 flat screen bought 2nd hand 5 yrs ago. How many phones have you guys all bought and what do you pay for service in that time frame??? I'm more proud of never having an IPHONE than anyone reading this can imagine. Have a small business and lots of friends. Oddly I get by just fine without it. I'm not the problem. I suspect many of you are.

Fred Frond

China needs the the US$ to buy oil. The problem is now that the US is weaponizing the dollar and conducting trade war the number of us $ will go down. China will now try to get off the $ and buy oil from Iran and Russia. Great explanation of your observations by the way?.

wrinkleneckbass

Sometimes I think Mike should start working as a commentator for FOX the way he twists things around to suit his agenda.