Comments by "神州 Shenzhou" (@Shenzhou.) on "The Power of Gold: China and Russia War on the US Dollar" video.

  1. U.S is printing dollars backed by nothing. It's like that cartoon where Coyote chases Road Runner off a cliff and continues running on mid-air. When gravity finally catches up with him, that's when the USD will fall.
    90
  2. Many Chinese tend to be optimistic and look forward to a bright future ahead. However, many Westerners are increasingly pessimistic and tend to a have a gloomy outlook of the future.
    81
  3. The U.S printing dollars backed by nothing is kinda like that cartoon where Wild E Coyote chases Road Runner off a cliff and continues "running on mid-air". It's only a matter of time before gravity finally "catches up with him," that's when the USD will fall.
    43
  4.  @michaelkatz275  China has been producing new billionaires much faster than any other country in the world, even the U.S. China has more total billionaires: 1,133 to the U.S.' 716. And its billionaire population is growing about three times faster than America's, according to Hurun 2022 Global Rich List.
    26
  5.  @michaelkatz275  China and Russia are in the process of developing a gold-backed currency to reduce dependency on the USD.
    16
  6.  @whatnani7372  Wars are a costly affair indeed, especially the West's wars in Iraq, Afghanistan, Syria, Libya, Yemen, etc.
    12
  7. Many Indians (but not all) tend to suffer from the "colonial mentality" long after India has been decolonized. The "decolonization of the mind" needs to take place to heal the mental damage inflicted by the colonizer on the minds of the colonized. Only then can Indians break free of their colonial past.
    8
  8. Countries are already starting to make oil transactions in other currencies besides the Dollar, such as in Rubles, Rupees or Renminbi.
    4
  9. The U.S printing dollars backed by nothing is kinda like that cartoon where Wild E Coyote chases Road Runner off a cliff and continues "running on mid-air". It's only a matter of time before gravity finally "catches up with him," that's when the USD will fall.
    4
  10.  @michaelkatz275  Question: Is there any country where gold is used as legal tender? Answer from Quora: Oddly enough the USA and also the UK. You can use US minted coins to pay debts and taxes. Similarly you can do the same in the UK.
    4
  11.  @michaelkatz275  "Not this year." This year is just beginning, we are entering into March, yet you can claim the Ruble won't be the best this year?
    3
  12.  @AQuietNight  You said: "Other countries will be building up their industrial bases and China will have much more competition and few people to sell to." Are other countries (lets say American) workers willing to work for the same low wages as Chinese workers? If not, then the prices of Made-in-America goods will be higher than Made-in-China goods. Chinese goods are going to remain more competitive than say American goods. You said: "As reserves drop China will have to devalue the Yuan." If China devalues the Yuan, it means that Made-in-China goods will be cheaper than say Made-in-America goods, so isn't this a good thing for China?
    2
  13.  @AQuietNight  You said: "Competition is happening now, examples being India and Vietnam." How are India and Vietnam going to ship their Made-in-India and Made-in-Vietnam goods all the way to EU and the USA? China is home to many of the world's busiest ports (i.e Shanghai, Ningbo-Zhoushan, Shenzhen, Guangzhou, Qingdao, Tianjin) in order to ship Made-in-China goods at competitive prices. How can India or Vietnamese ports match Chinese ports in terms of sheer volume of traffic?
    2
  14. The problem arises when their wars are funded by printing dollars.
    1
  15. Taiwan is an inalienable part of China.
    1
  16. Taiwan island is an inalienable part of China.
    1
  17. Taiwan is an inalienable part of China, according to its constitution.
    1
  18. According to its constitution, Taiwan is an inalienable part of China.
    1
  19. If you read their constitution, it says Taiwan is an inalienable part of China.
    1
  20. No doubt about it, Taiwan is an inalienable part of China
    1
  21. Taiwan is an inalienable part of China if you read their constitution.
    1
  22.  @michaelkatz275  You said: "The United States owes only 1.095 trillion dollars to China, not 7 trillion." So you agree that the U.S owes a trillion dollars to China then?
    1
  23.  @MarkYeung1  According to the IMF, China's economy is rebounding and is forecasted to expand by 5.2% this year according to their projections. Even the rating agency Fitch has revised its forecast for China's economic growth in 2023 to 5.0% from 4.1% previously as consumption and broader activity are recovering faster than initially anticipated.
    1
  24. Western propaganda is spreading Red Scare (fear of communism) and Yellow Peril (fear of Asians overwhelming the West) through such a narrative.
    1
  25. Taiwan is an inalienable part of China.
    1
  26. Taiwan island is an inalienable part of China.
    1
  27. Taiwan is an inalienable part of China, according to its constitution.
    1
  28. According to its constitution, Taiwan is an inalienable part of China.
    1
  29. If you read their constitution, it says Taiwan is an inalienable part of China.
    1
  30. Taiwan is an inalienable part of China, if you read their constitution.
    1
  31.  @michaelkatz275  A report by Hurun Global Rich List 2021 indicated that China surpassed the United States to become the first country with more than 1,000 dollar-denominated tycoons, with 1,058 billionaires compared with 696 in the US.
    1
  32.  @michaelkatz275  The Chinese government is cracking down on corruption, and some of these Chinese millionaires and billionaires may have acquired their wealth through underhanded means, so they might be panicking and trying the send their money overseas to other countries.
    1
  33.  @michaelkatz275  You said: "Yes it is true, the Chinese government does tell the billionaires what to do." Meanwhile in the U.S, it's the reverse, and the billionaires tell the US government what to do.
    1
  34.  @michaelkatz275  "神州 Shenzhou Really? Who?" Elon Musk, Jeff Bezos, George Soros, and many other such oligarchs.
    1
  35. The Russians probably managed to covertly recover 300 billion of their frozen foreign reserves, while the EU members were distracted with Ukraine.
    1
  36. Probably rightfully returned back to the Russians, while the EU were preoccupied with Ukraine.
    1