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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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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Play the full intro and please fix the audio

Автор — Don't question my comment

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

Автор — Daniel Pava

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

Автор — Mr Nice Guy

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The Chinese Renminbi is the newest currency to be used as a reserve currency globally.

Автор — Roger Roomes

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I dont think Yuan will be able to challenge $ any time soon. CCP is not transparent enough and there is always a risk of a regional or even global crisis in case CCP starts delivering on its claims in Taiwan and South China Sea which is the most valuable trade route in the world.

Euro on the other hand I can easily see challenging a US dollar for dominance. We just need to change the name of the Euro because the name is bad and hopelessly unimaginative. It should be called "European something", but "European Euro" sounds even worse.
European Aureus sounds rather nice.

Автор — Evilsamar

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Damn, I'm pretty early. So early you could fix the audio and upload it again and no-one will ever notice 😉

Автор — Sterlin Charles

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It'd be interesting to make a video con how different governments and central banks are reacting to the adoption of blockchain and cryptocurrencies

Автор — cavespoint010nx