Comments by "Andre Falksmen" (@andrefalksmen1264) on "The Importance of the EU, China Investment Deal" video.

@sauce89124 LOL. The US dollars percentage of global trade is at its lowest level since the end of World War II. In the last 10 years, the rise of China and its position as the world's largest purchaser of Commodities has meant that oil and gas as well as numerous other Commodities are now available for purchase in Chinese Yuan, and not in the US dollar for the first time in 40 years. Add to this that the only thing holding up the value of US dollar is its role as the chosen currency for international petroleum sales, of which China is the world's largest buyer and purchases and its own currency, as well as the fact that the Chinese, the world's largest exporter, accept US dollars for payment of their exports. It's clear that the u.s. dollar standard is existing on borrowed time, like everything else in the US, and will soon be expiring. Your jingoistic fantasies aside.
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@sauce89124 Can't wait, the USD is more trouble than its worth, the US using it as an excuse to meddle in everyone's affairs. The USD has no value anyway, a relic of times past. The US is not even an export nation, if others stop pricing their exports in USD, it would sink like a stone.
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@sauce89124 dude, I know you think you're smart, but you're really quite stupid. All banking systems work on a fractional Reserve banking, that is how Banks make money, they taking deposits maintain a portion in reserve, and lend the rest out. The difference in between the interest rate they charge in the interest rate they pay, is there profit or at least Revenue. The prefix in the word Euro, as in euro dollar, euro Yen, Euro Euro, simply designated as an offshore Market. It started in Europe people who were tired of dealing with American regulators and American Banks, but held dollars chose to create a separate Capital Market in Europe dealing in dollars, hence the prefix Euro. Today Banks deal with every type of currency, including dollars which are held outside of us in non US Banks, hence the term the euro dollar market. There's nothing essential about the dollar for the Offshore Banking sector, as previously mentioned there is offshore borrowing and lending of every major trading currency, including the Chinese Yuan. As United States is a pringle debtor Nation, with a horrible trade imbalance, there are more offshore dollars floating around than any other currency. But there's nothing essential about the dollar that has to be used for international borrowing our trading, other than the dollars historic and now declining role as Reserve currency. Save your nutty American jingoism for someone who does not understand economics. Or you can just Retreat into Fantasy Land as the world changes around you.
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@basshunterdota625 LOL. You're living in delusion, as we saw with Apple's experience in India, there are not many other countries that can take the place of China. Besides that point, china has already well moveed past the point of cheap low-cost labor. Your arrogance is much the same as the British after World War 1, forever believing that the British pound would be the reserve currency of the world, even acting indignant at the end of World War II when others refused to take pounds, demanding instead payment and gold. This will be the same fate of the United States, Reserve currencies overtime loose their status. That's that and America has never invaded nor won a conflict against a nuclear-armed state , i e China.
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@sauce89124 do you even know what Euro dollars are? Euro dollars are dollar Holdings outside the US banking system, because people don't want the intervention of American Regulators. The Chinese have already been settling their purchases of crude oil with the Saudis in the Russians in their own currency for over five years now, try to keep up. Dummy!
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@basshunterdota625 China is the world's largest exporter of manufactured goods, the world's largest importer of raw material and luxury goods. No one is going to Slit their economic throats for the sake of the United States and maintaining American hegemony. If Americans feel hurt and abandoned by the world because of the fall of American hegemony, oh well, as the old song goes "that's your Misfortune and none my own".
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@sauce89124 dude, you have entered the realm of magical thinking, there's something special about the US dollar?. There's nothing special about the US dollar, it's simply had a historical role as the world's Reserve currency. That role is rapidly diminishing, and it will be replaced most probably by the Chinese Yuan. As for the United States, it is a debtor nation, with a massive current account deficit, a massive national debt, and massive national deficit. United States does not have the exports to hold up the value of the US dollar, absent its status as Reserve currency. You can dress up all you like, you can claim all the magical mystical ideas of why the world must use u.s. dollars, it's just a currency like any other, there's nothing special about it.
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Human rights as charade the West uses to bash over the heads of non-western countries inorder to insert themselves into their Affairs, for the purpose of destabilizing them and encouraging their citizens to hate their own country and destroy it for abstract ideas which have no or only deleterious effects in practice.
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@Martcapt true, because.......its always different when America does it!
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@2twst4u if you think that us laws are not oppressive, you are willfully ignorant of the history of the United States and even have its current situation. United States calling out China for its action is like an arch robber and murderer criticizing someone for jaywalking.
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@akattau No, its China, its the only economy large enough and is the world's largest exporter and importer.
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