Comments by "Stephen Jenkins" (@stephenjenkins7971) on "Turkish lira crashes to historic low as inflation nears 20%" video.

It's you who doesn't know how econonics work. You might wanna look up how reserve currencies function. People have been saying that the $ will crash for decades now.
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@inflationking1271 Inflation over time is standard; what matters is whether wages rises in tandem with inflation so that the purchasing power of people stays relatively consistent. If this is your metric for a "failed currency", then there has never been a "successful" currency in all of human history barring some of the most disastrous ones that were meant to benefit the absolute rich like the gold solidus during the late Roman Empire. The same currency which helped lead to feudalism and the serfs for 99.999999% of the population.
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@inflationking1271 That was more due to the abundance of wealth the US got from being the only manufacturing country on the planet since everyone else was lagging behind and/or ruined from WW2. Like seriously, why are you comparing that unique time period and acting like that's how it should be when it was only possible due to the US' unique position? That has NEVER been a thing in all of human history, and never will be again either.
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@Zaydan Naufal America is with its current owners because the people there want it to be there. Who are you to strip people of their self-determination? Native Americans are American too, how dare you claim otherwise. People like you remind me why Turks are not liked.
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@inflationking1271 Housing and rent actually doesn't change the CPI that much at all. Again, you might actually want to look it up before assuming something.
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@inflationking1271 Are you seriously using one instance of 20 years as proof that inflation is not the standard? Really?
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@inflationking1271 I do think of myself, the purchasing power of the common man has remained high, though it has stagnated; that's not the same as falling.
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@inflationking1271 You realize that that's actually accurate, right? Not everywhere in the US is home prices skyrocketed; some places its even decreasing. You're conflating urbanization and those rising home prices with across the country. Outside of places like NYC, home prices can be dirt cheap.
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@inflationking1271 These are hardly just "official" numbers; these are numbers used by international organizations that measure these things. So disbelieve if if you want, but the majority of the world does.
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@inflationking1271 The Chinse Yuan isn't even 2nd most commonly used international currency; mostly because the currency is constantly manipulated and the CCP does not allow for open transparency of its currency manipulations. Why exactly China will become #1 when it's not even #2 is beyond me. And the only measures that attribute to China surpassing the US is in pure GDP, not in the actual things that matter such as purchasing US Government bonds, its currency trust and use, etc. Hey man, don't be surprised if you join the rank and file of people seeking to see the US $ fall in the last...oh, I don't know...past century or so? Meanwhile, others actively seek to use the $ as a fallback option in preparation of their own currencies falling. As exhibited in Turkey as we speak.
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@inflationking1271 Dude, regardless of how you argue it; people obviously are still purchasing US Gov bonds. So obviously you're missing something because reality is flying in the face of your argument. Nobody is dropping the USD, it's still the international standard, and people are still buying up US Gov bonds. Get over it.
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@inflationking1271 Russia proclaimed to be doing that almost a decade ago, China similarly. Neither are large holders of US debt; most of them are in other Western nations with the largest...being in the US. So you're gonna have to try harder, bud.
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