Why is the DOLLAR the World's RESERVE CURRENCY? - VisualPolitik EN

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Why is the DOLLAR the World's RESERVE CURRENCY? - VisualPolitik EN 5
You’ve heard this a thousand times: the American dollar is the World’s reserve currency, the hegemonic currency in the planet.

However, what does it really mean that the dollar is the hegemonic currency? I mean… how does the United States benefit from having a currency that is been used for the international trade? Is it really that important? Really? And the most important thing of all… Could the American Dollar loose its status? Could it be replaced by other currencies like the EURO or the Chinese YUAN?

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I´m a little bit confused. If 20% of the Reserves are in Euro, why should the Chinese Yuan, which is makes only 1.2%, replace the Dollar?

Автор — Zebra

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Look at all these PhDs in economics sharing well formed arguments in the comment section ... oh wait.

Автор — brian'

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Play the full intro and please fix the audio

Автор — Don't question my comment

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let's be frank, isn't the US Army the real reason why US dollar is reserve C? you can talk about gold, oil or even democracy, but I'm pretty sure the military power is the true answer.

Автор — J Bill

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There are more reasons for US dollar being reserve currency. The main one being US military presence all over the world. What were real reasons for murdering Saddam Hussein or Qaddafi? Wasn't it that they planed to remove dollar as a currency they traded with other countries? For the same reason US military supports criminal regime of Saudi Arabia.

Автор — frank van der

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what if I am the smart ass friend? o.o

Автор — Daniel Pava

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Well this is awkward. It's too new to read comments.

Автор — SupaL33tKillar

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Because America is the world superpower with their super economy

Автор — Elias Frahat

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NOT the yuan!! They DO NOT HAVE transparency in the economic system, nor will they allow it as long as the Communist Party rules. Australian, Canadian, Euro, CHF, Sterling. In that order. Maybe even the NZ $, if you want to be a maverick.

Автор — B R

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So if US dollar is circulating less due to alleged US isolationism wouldn't that increase its value even more? Euro is a good alternative but EU is not a stable entity and will probably cede to exist as we can see with Brexit. China is a communist regime so Yuan will never be trusted too much. Switzerland is just too small of a country. Like it or hate it USD will rule for decades to come.

Автор — mlynto

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5:00 - Simon on the 99% of VisualPolitik viewers

Автор — Mr Nice Guy

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Do you see a decentralized currency such as Bitcoin as a potential reserve currency in the future? It would be a bold political move! Can you make a video on this question please?

Автор — steveq34

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The best world currency was the Spanish Dollar
"pieces of eight".
It was used by majority of the world for over 2 centuries.
From Spain, European states in the Spanish Empire the Americas "including the 13 Colonies and later the US up to the mid 1800's" and China, Phillippines and other Asian nations.

Автор — Phillip Habsburg

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Currently in India our currency has depreciated in a big way against the US greenback. Paid social media trolls in our country say this is ok as it has appreciated against the GBP, EUR, Malaysian Rupaiah etc. This video explains why that is wrong in a very succinct way.

Автор — Kid Zoom

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Don't buy more USD than you can afford to lose

Автор — Efektowne Tasowanie Kart

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This video glosses over the real reason why dollar is the reserve currency.

Автор — miiiikku

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Russia and China as well as the U.S. know that their will only be economic wars (not military ones) from here on out due to nucluer warfare I.e. mutually assured destruction. There will be no more world wars because all that could happen is the end of mankind and the destruction of the planet due to radiation making everything uninhabitable. Unlike the wars of old that would result in geographical gains and losses, the world is carved up now. The only thing to still be gained is resources not land and those can be taken wether countries like it or not i
Since the disparity of military might between the superpowers and the rest of the world is so vast. That's why America has created the endless war all the time with terrorists in 3rd world countries (that they wanted since the end of WWII I.E. Korea and Vietnam) but we're unable to successfully get the American spirit to submit to the endless fear and panic necessary to constantly fund an endlessly money hungry war machine, that was until Iraq. Perhaps it was due to the fact that they had learned from Vietnam that if you don't institute a draft, don't televise the war, keep the soldier body count low, and despite over 1 million middle easterners dead (that's including all dead as a result of the war. Terrorist but mostly causalities of war.)
The goal of America is the same as Russia and China's which is to stay on top of the world by showing all the other countries that you have no problem with using your military might to get whatever you want and keep the world as well as your own populace in fear of you. It's as old as time, the difference with us is unlike China and Russia we have democracy and an amazing constitution and bill of rights so we have to to convince ourselves were in danger (once again mutually assured destruction/we're not) from China, Russia, and every improvrished, nukeless, 3rd world country under the sun so year after year we will pay an absurd amount of our GDP on the military, and elect Democrat/Republican Presidents) that are subservient to the Military Industrial Complex.

Happy fact #1: In President Eisenhower's farewell speech to the country he specifically warned against the dangers to the American way of life if our decisions became solely based upon the relatively new (1960) obtainment of our military might. And this was coming from the the military leader of WWII

Happy fact #2: The amount of money America paid to increase (not fund but increase) our military budget was enough to send every person that went to college to school.

Автор — Wooderson

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less than an hour after this video was uploaded ARS/USD was not longer 30=1...40=1 instead...

Автор — fafaafaaa

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8:28 And that brought the swiss curency in quite a big problem after 2008. The demand for swiss-francs rose way too high after the crisis of 2008. That meant that the swiss currency was highly overvalued. The swiss central-bank tried to keep it down but finaly gave it up. So the swiss are fighting now with a highly overvalued currency and very high prices in there country.

Автор — TOFKAS01

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buy bitcoin they said, it will go to the moon they said

Автор — Mukul Thakur