Comments by "Stephen Jenkins" (@stephenjenkins7971) on "Think School" channel.

@eagleeye2725 Seriously, every year for the past half a century people like you have been saying "USD is gonna fall" or something. And yeah, US-China trade is worth 500+ Billion. Look it up.
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@calvinblue894 On both accounts that's an absurdity that can't happen any time soon. Besides, if the USD drops 50%, then every economy will crash into the dirt anyway.
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@andreimaximovkonstantinovs3594 The Yuan today is at 2.14% of global transactions, not 5%. The Yen still surpasses the Yuan. Not surprised you're not very knowledgeable and yet act tough, Muscovite.
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@aburetik4866 Currently there is no alternative to SWIFT; at least nothing that functions as an international messaging system for trading money from place-to-place. This is some serious copium on your part, my guy.
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@googleuser868 So go back to bartering? Genius.
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@anaana-ze8rd No European country trusts China to indulge in the Yuan to begin with. US can't "allow" or disallowed anything Europe does; as Europe is not controllable by any stretch. US tried to push Europe to form diversify energy only for them to flip the US off -and now its in a tough spot. PRC is isolated for a reason.
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Yuan only makes up 2% international trade to the USD's 44%. In what world is the Yuan anywhere near close to overtaking the Dollar to begin with? At least the Euro makes up like 16%.
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@eagleeye2725 Anyone that unironically thinks that a gold standard will ever trump a fiat currency is still sleeping. Gaddafi tried to set it up long before his regime collapsed, and it didn't work because nobody wanted to work with him on the project.
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@eagleeye2725 Anyone that says "deep state" unironically are brainwashed tools. Usually "libertarians" that are hidden fascists that keep praying that the USD will collapse but always get it wrong. Keep hoping buddy. You might get it right some time this century.
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@eagleeye2725 Uh, no they're not. In fact they're hoarding more USD since the world economy is unstable and they need a stable currency to hold their wealth. BRICS isn't launching a new currency either since they're not allies at all -Russia and China said something maybe, but BRICS as a whole hasn't and won't.
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@eagleeye2725 Yeah, yeah, you'll be saying the same thing a few years from now. Also China's trade with the US is worth like 500+ billion, FYI.
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@dragpalhafsang9039 China's entire history is that of conquest and exclusivity, what???
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@rohitsinghyxrs How? China's financial institutions are entirely hidden from public consumption making it less trustworthy by default. Worse yet, it's constantly manipulated to keep it lower for easier export trading. That's the exact opposite of what people want in a stable currency.
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You need financial institutions to maintain currencies lest they get speculated upon to begin with; so you'd need someone or something to replace the US Fed if you have a new currency and nobody will trust another country to manage that or provide the means for a third party to do so.
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@calvinblue894 No they're not. USD is used in 44%~ of international transactions. Euro is around 15%~. There are no alternatives currently. Also everyone is facing inflation, USD is among the lowest, which is why people are fleeing TOWARDS it.
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@calvinblue894 And? So has everyone else's. USD value has remained the most consistent on the planet; which makes it the most trusted. Again. 44% of international trade in USD. 90% of foreign currency reserves is in USD. 90% of forex trading in USD. The dominance is absurd and hasn't changed much at all. Adopting other currencies itself isn't an issue; it just means other currencies are accepted which doesn't change anything. Indeed, everyone thinks of their own interests; and so far it's in nobody's interest to support the RMB over the USD, or any other currency for that matter. Name one way the USD is declining compared to any other currency. Seriously, there isn't a way. Not even in value.
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@calvinblue894 Why do you keep crying about values as if that matters in the long-term? A little inflation is natural, as the Singaporean Dollar was worth as high as 1.2 USD in 2012, then fell back down as 1.4 USD in recent weeks. That's right, due to Singaporean inflation, USD value has GROWN in relative to your own currency. This is my point, by your own logic, USD has grown in value, not fallen in relative to everyone else. Everyone has already been using alternate currency, genius; that's nothing special. Pro-CCP media just repeats it loudly so that their tools online think that they're winning when in reality nothing has changed yet. US debt is high, but not relative to GDP-to-debt ratio. And China's debt to GDP ratio is also absurdly high, and you don't see anyone crying about it. Wonder why? US' international ranking with infrastructure is also among the highest on the planet. US homelessness per capita is standard. You just keep drinking CCP kool aid and just ignore reality; ignoring how everything you said more applies to China than the US. And even then, I don't think China is in too bad of a spot short-term. Wake up. You've been marinated, my guy -check other sources besides channels that spread easily debunked information.
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@alanssshh Last I checked the RMB only makes up about 2% of international trade. USD makes up 44%. That's international trade specifically, not Swift.
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Dumping it won't change anything as people will still consider it valuable and will take it as your country's economy collapses without USD to back it up. That's why nobody does it, not even China who carries a little less than $1 Trillion now.
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There is literally zero alternative to USD to begin with; no one wants to give up USD's stability. Do it if you want, but nobody will follow you.
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