Thứ Sáu, 31 tháng 8, 2018

Auto news on Youtube Aug 31 2018

The United States has extended its ban on Americans' travel to North Korea for another

year,... citing that it's too dangerous to go there.

The U.S. State Department says the warning will remain in place until August 31st next

year.

The State Department added that under U.S. law,... the Secretary of State can impose

geographic travel restrictions on Americans under any of three conditions.

Namely, if a country is at war with the U.S., there are armed hostilities in a country or

region, or "there is imminent danger to the public health or physical safety of U.S. travelers

in the country or area."

For more infomation >> U.S. State Department extends travel ban to North Korea - Duration: 0:37.

-------------------------------------------

Trump ready to slap tariffs on US$200 billion of China imports: report - Duration: 1:42.

U.S. President Donald Trump is reportedly ready to impose tariffs on 200 billion dollars

more in Chinese imports as soon as a public comment period on the plan ends next week.

The potential move was reported by Bloomberg on Thursday.

For more on this and other news around the world we turn to our Ro Aram…

Aram… could we see this trade conflict escalate further?

Well Mark… it is hard to tell at the moment as the Bloomberg report notes that President

Trump's position is not final.

It also suggests that if any tariffs were to be imposed, they would be enacted in installments.

Any announcement on the matter is likely to come out late next week after the public-comment

period.

Companies and members of the public have until next Thursday to submit comments on the proposed

duties.

The report also said it's possible any tariffs imposed would take effect at a later date.

The White House is yet to comment on the report.

Markets have reacted badly to the news, with the S&P 500 hitting session lows and the U.S.

dollar, Chinese yuan and U.S. Treasury yields also falling.

If the U.S. goes ahead with slapping duties on 200 billion dollars-worth of Chinese goods,

it would be largest so far and could escalate what is already a tense trade war between

the world's two largest economies.

The new proposed 25 percent tariffs would also affect more products, including home

building supplies, bicycles and clothing.

The Trump administration has already applied tariffs to 50 billion dollars of Chinese goods,

with Beijing retaliating in kind.

Talks aimed at easing trade tensions ended last week without major breakthroughs.

For more infomation >> Trump ready to slap tariffs on US$200 billion of China imports: report - Duration: 1:42.

-------------------------------------------

Here's when to stop for a school bus in Washington state - Duration: 2:19.

For more infomation >> Here's when to stop for a school bus in Washington state - Duration: 2:19.

-------------------------------------------

U.S. to allow 'targeted relief' from steel, aluminum quotas - Duration: 2:04.

When the United States revealed its plans to slap tariffs and quotas on steel and aluminum

imports, South Korea quickly took steps, and became the first country to be granted an

exemption from tariffs.

And now, even some quotas are being lifted.

Kim Hyesung reports.

President Trump has signed proclamations allowing targeted relief from steel quotas for some

countries, including South Korea.

The U.S. Commerce Department said Wednesday, local time, that President Trump, who in March

put in place tariffs of 25 percent on steel and 10 percent on aluminum, signed proclamations

permitting relief from the quotas on steel for Korea and Brazil, and on both steel and

aluminum for Argentina.

The statement added that companies can apply for exclusions for products when there is

insufficient quantity or quality available from American producers,... and that if an

exclusion is granted then no tariff would be owed.

Korean steelmakers, represented by the vice chairman of the Korea Iron & Steel Asssociation,

Lee Min-cheol, welcomed the news, saying this means Korea, the third-largest steel exporter

to the U.S., can ship more than the quota Seoul and Washington had agreed upon.

In March, Korea was given a quota of about 2-point-6-8 million tons of steel, or 70 percent

of the annual average it shipped to the U.S. between 2015 and 2017, in exchange for an

exemption on steel tariffs.

The quota took effect in May.

"The Trump Administration likely made this move because U.S. steelmakers are slowly feeling

the pain of rising steel import costs.

So it's granted this 'targeted relief' to some of its allies... on steel products that

America cannot produce or otherwise really needs."

The announcement from the U.S. Commerce Deparment follows prolonged negotiations between Korean

government officials and local steelmakers and their U.S. counterparts about allowing

exemptions for some Korean steel products.

Which specific products, though, still has to be negotiated.

Kim Hyesung, Arirang News.

For more infomation >> U.S. to allow 'targeted relief' from steel, aluminum quotas - Duration: 2:04.

-------------------------------------------

The U.S. State Department is denying passports to some Americans that live on the border - Duration: 2:41.

For more infomation >> The U.S. State Department is denying passports to some Americans that live on the border - Duration: 2:41.

-------------------------------------------

Denuclearization talks stall as North Korea goes strong on what U.S. can offer - Duration: 2:31.

It became clearer, that the main reason the trip to Pyongyang by America's top diplomat

was cancelled last minute... was a message from Pyongyang.

The gist of it was this: don't come unless you have something for us.

Lee Ji-won sheds light on the deal-breaker of a letter.

It appears U.S. President Donald Trump didn't have a choice but to call off his Secretary

of State's fourth visit to Pyongyang as Washington had "nothing to offer" the regime.

Citing an unnamed government official, Reuters reported Thursday that the tone of the secret

letter Kim Yong-chol, vice chairman of North Korea's Workers' Party's central committee,

sent to the U.S,... was that if Washington is not willing to give something, then Pompeo

shouldn't come.

The regime has been asking the U.S. to declare an end to the Korean War, while the Trump

administration has been pushing Pyongyang for a inventory of its nuclear and missile

programs and other military assets.

The senior official added that the North Koreans seem to be thinking the U.S. is not doing

enough,... which appears to back up a report by U.S.-based media outlet Vox, which said

President Trump promised North Korean leader Kim Jong-un a peace treaty sometime soon after

their summit in June.

But the Trump administration continues to insist denuclearization has to take place

before anything else.

Amid concerns over the stalemate, the U.S. remains firm on its restrictions on the regime.

A U.S. State Department official said the department has extended its ban on Americans

traveling to North Korea by another year,... until August 31st 2019.

The reason given for the ban is the concern over the threat of arrest.

U.S. law stipulates that travel restrictions on Americans may be imposed if "there is imminent

danger to the public health or physical safety of U.S. travelers in the country or area."

But it's known that "individuals who wish to travel to or within North Korea for extremely

limited purposes," and whose travel is in the U.S. national interest, can apply for

a "special validation" from the State Department.

There will also be exceptions if the trip is justified by "compelling humanitarian considerations."

The ban was imposed in September last year after the death of American student Otto Warmbier,

who was sentenced to 15 years of hard labor by the North after allegedly trying to steal

a propaganda sign.

Lee Ji-won, Arirang News.

For more infomation >> Denuclearization talks stall as North Korea goes strong on what U.S. can offer - Duration: 2:31.

-------------------------------------------

Trump ready to slap tariffs on US$200 billion of China imports: report - Duration: 1:51.

U.S. President Donald Trump is reportedly ready to impose tariffs on 200 billion dollars

more in Chinese imports as soon as a public comment period on the plan ends next week.

The potential move was reported by Bloomberg on Thursday.

For more on this and other news around the world we turn to our Ro Aram…

Aram… could we see this trade conflict escalate further?

Well Mark… it is hard to tell at the moment as the Bloomberg report notes that President

Trump's position is not final.

It also suggests that if any tariffs were to be imposed, they would be enacted in installments.

Any announcement on the matter is likely to come out late next week after the public-comment

period.

Companies and members of the public have until next Thursday to submit comments on the proposed

duties.

The report also said it's possible any tariffs imposed would take effect at a later date.

The White House is yet to comment on the report.

Markets have reacted badly to the news, with the S&P 500 hitting session lows and the U.S.

dollar, Chinese yuan and U.S. Treasury yields also falling.

It the U.S. goes ahead with slapping duties on 200 billion dollars-worth of Chinese goods,

it would be largest so far and could escalate what is already a tense trade war between

the world's two largest economies.

The new proposed 25 percent tariffs would also affect more products, including home

building supplies, bicycles and clothing.

The Trump administration has already applied tariffs to 50 billion dollars of Chinese goods,

with Beijing retaliating in kind.

Talks aimed at easing trade tensions ended last week without major breakthroughs.

For more infomation >> Trump ready to slap tariffs on US$200 billion of China imports: report - Duration: 1:51.

-------------------------------------------

New Durafly T-28 Trojan US Navy Scheme 1100mm V2 PNF Unboxing - Duration: 21:54.

Dis is it my friends. If you dont have T28 Trojan bird by now this is perfect chance to have fun of your life. The plane looks amazing and we just did the maiden flight and I can tell you that Iam inlove all over again. Perfect... Big salute from Captain Blaž & Pilot Robert Slovenia. See you soon...

For more infomation >> New Durafly T-28 Trojan US Navy Scheme 1100mm V2 PNF Unboxing - Duration: 21:54.

-------------------------------------------

EU has 'profound disagreements' with US on trade policy - Duration: 0:48.

We have profound disagreements with the US on trade policy

and on other policies.

We do not agree with their actions in WTO

and blocking of the appointment of the judges.

This we have raised several times.

And we are engaging with them to try to find a way out,

and also with many other countries in the WTO, to see,

is there a way to solve this?

We are not restarting TTIP.

We are not restarting TTIP.

That is for a lot of reasons, and you mentioned some of them,

not possible.

So TTIP is not there.

This is a more limited - possibly

could be a more limited trade agreement focused

on tariffs on goods only.

For more infomation >> EU has 'profound disagreements' with US on trade policy - Duration: 0:48.

-------------------------------------------

N. Korea determined to continue dialogue with U.S.: Amb. Cho - Duration: 0:38.

South Korea's top envoy in Washington says that North Korea is still determined to maintain

dialogue with the United States,... despite speculation that negotiations have stalled

after the cancellation of U.S. Secretary of State Mike Pompeo's visit to Pyongyang.

South Korea's Ambassador to the U.S. Cho Yoon-je said.....

North Korea will continue talks with the U.S., because it's aware that the sanctions will

not be lifted without an improvement in relations.... and progress on denuclearization.

And addressing concerns surrounding the opening of the inter-Korean liaison office in Kaesong,...

Cho added that Seoul and Washington are working closely on the issue.

For more infomation >> N. Korea determined to continue dialogue with U.S.: Amb. Cho - Duration: 0:38.

-------------------------------------------

Republican US Senate candidate Mike Braun speaks at President Trump rally - Duration: 3:42.

For more infomation >> Republican US Senate candidate Mike Braun speaks at President Trump rally - Duration: 3:42.

-------------------------------------------

The Dark Origins of #Pedophile Rings in the US - Duration: 15:34.

Hello and welcome, I'm Gina Shakespeare

On this episode of Declassified, a researcher has reported

that soviets created child-trafficking rings in

the West for blackmail.

Rings that are believed to be still operating.

This story gives a background account of an alleged Soviet operation

to use children for honeypots in order to lure foreign governments

into committing serious crimes so they can be blackmailed.

We believe the account is credible enough to warrant telling and include additional

research to support it.

Just before we get underway, please feel free to

subscribe to our channel and hit the notification's button,

that way you won't miss out on any other upcoming episodes.

Let's get started.

A scholar on Soviet Russia has uncovered claims that former General Secretary Yuri Andropov

wanted to subvert the West by creating child trafficking

and pedophile networks to blackmail

business leaders and politicians.

Details on the program were uncovered by Jeffrey Nyquist

in his research on communist regimes

and their influence on the West.

His main source is the grandson of a former member of the Soviet Central Committee who

opposed the program and was possibly killed because of his opposition.

Two other sources of his were defectors from the Soviet Union who revealed information

on Soviet experiments on pedophilia and sexual perversion.

All three requested to have their identities withheld,

as they believe that this abuse continues,

and speaking on record would endanger their lives.

The Soviet leaders had begun planning the program in the late 1970s,

when Andropov was chairman of the KGB—the Soviet intelligence agency

that was set to run the operations.

Nyquist noted, however, that the program was controversial

even by the standards of the Soviet leaders.

His contact, who is currently living in the West, said his grandfather was part of a faction

within the Central Committee that opposed the program; yet the dissenters, including

his grandfather, were believed to have been killed for their opposition, and the program

was able to move forward.

Nyquist said"This grandfather told his family, 'Andropov is building networks for child

trafficking and pedophilia,

and this is a project the KGB has begun internationally, around the world,'"

The purpose of the program was to seduce politicians and business leaders, then control them as

agents through blackmail.

The grandfather understood what it meant to oppose Andropov.

According to Nyquist, he told his family that Andropov would kill him if the program prevailed,

and that if he died, his wife would need to flee with their children to another city;

and that if the KGB ever knocked on their door, they would again need to flee,

and to "never look back."

Nyquist said "And, of course, that is what happened.

The grandfather died under mysterious circumstances,"

"Whatever the struggle was within the central committee, he lost."

His family fled, as he requested.

Around the same time, two other eyewitness sources of Nyquist's say the Soviet Union

began conducting experiments in its Komsomol camps on how to grow sexual perversions.

The camps were for members of the communist Young Pioneers

and included children aged 10 to 15.

Nyquist interprets these Kosmosol events as connected to the Andropov plan

his source told him about.

According to Nyquist, the Soviets were organizing orgies in some of the camps, and say

"they were trying to locate perverts to recruit them."

Nyquist also said"The idea was that in these Komsomol camps they were looking for people

who had psychological problems that caused them to become sexually perverse in different ways,"

"It was like they were studying different perversions and the causes,

and how to cultivate that, how to extend it, what kind of things draw people toward blacker perversions."

The program the grandfather described was a classic honeytrap

a method of espionage to lure people into compromising sexual encounters for blackmail.

This program took it a step further, however, by using children as the bait.

It was a form of "false flag recruitment," according to Nyquist,

where the KGB agents likely did not reveal themselves as agents to their targets.

He noted that "if the KGB honeytraps somebody, they don't know who they're working for,

because the KGB officer may be somebody who speaks English without an accent who merely

references themselves as part of an organized crime group."

Accounts by child victims and police reports reveal shocking claims of sexual abuse,

dark occult practices, and the involvement of high-level officials.

After a person has been compromised in the honeytrap,

the agents or the front organization can continue offering

services to the target in exchange for work,

while also maintaining evidence to blackmail the targets if they have qualms about cooperating.

The tactic is still widely used, including by the Chinese Communist Party (CCP).

The CCP was accused in 2015 of using attractive women to seduce spies from the British intelligence agency

and lure them into honeytraps to obtain state secrets.

A top-secret MI6 memo obtained by the UK's Mirror news outlet said the Chinese spies were

"aggressively" targeting spies and their families.

Honeytraps were also very common under the Soviet Union.

Former KGB General Oleg Kalugin explained it once, stating according to Foreign Policy that,

"In America, in the West, occasionally you ask your men to stand up for their country.

There's very little difference.

In Russia, we just ask our young women to lay down."

In conventional honeytraps, the target may be controlled either by a lover who is secretly a special agent,

or with evidence of an extramarital affair—something that in politics can ruin a career.

With pedophilia, however, the scandal and consequences are much more severe,

and the effects of the honeytrap are much more binding.

Nyquist referred to it as "the ultimate blackmail."

The timing of the Soviet child trafficking program corresponds with a sudden uptick of

pedophile rings uncovered in the West.

While it's likely similar forms of abuse had existed previously,

the new scandals aligned closely with what Nyquist's source warned of.

In the 1980s and into the '90s, shocking cases of pedophilia and extreme abuse

began to emerge in the United States, Australia, and Europe.

Many of the cases involved high-level officials.

Some were prosecuted, but many were thrown out due to lack of physical evidence and

child testimony not being recognized.

Among the most prominent cases was that of billionaire Jeffrey Epstein, a convicted pedophile

accused of holding underage girls as sex slaves on his private Caribbean island.

He flew numerous top politicians and business leaders to the island on his private plane,

dubbed by news outlets as "The Lolita Express."

According to press reports, the plane has a bed that was used for sex with young girls.

According to the same reports, flight logs from Epstein's plane show that former President

Bill Clinton flew on The Lolita Express 26 times.

Numerous girls alleged they were sexually abused by Epstein, and Epstein was charged

by the Palm Beach police department.

Yet after a plea deal, he was sentenced in 2008 and served only 13 months in prison for

one charge of soliciting prostitution from a 14-year-old girl.

A 2006 court filing, cited by the New York Post, says that a police search of Epstein's mansion found

he wired it with hidden cameras to record his guests engaging in orgies with underage girls,

which he could use for blackmail.

Epstein was very well connected.

It has been reported that he kept contact numbers of figures including Tony Blair,

Naomi Campbell, Dustin Hoffman,

Michael Bloomberg, and Richard Branson, but no flight logs have

ever surfaced showing any of them ever flew to Epstein's island.

Many of his A-list contacts dropped him after his 2008 conviction.

Often overlooked in Epstein's case is that the father of his ex-girlfriend Ghislaine Maxwell

was deceased media tycoon Robert Maxwell,

whom Ghislaine accused of sexually abusing her.

Robert Maxwell may have also been a Soviet spy.

According to FBI files released in 2013, Maxwell, who was born in Czechoslovakia

and was living in the United Kingdom,

was believed to be using his Pergamon Press media empire in the

1950s to provide intelligence to the Soviet Union.

The heavily redacted reports noted that when Maxwell and his business partner Kurt Wallersteiner

were running their Anglo-Continental Exchange firm in London in 1953,

both had "allegedly been recruited by the Soviet intelligence service for espionage purposes."

Former FBI agent Marc Ruskin said in a previous interview that two agents from the Belgian

national police told him of a child abuse ring in Belgium in the mid-1990s

that also allegedly involved government officials.

Ruskin said, "they had been working on a case that involved political corruption,

and also there was a child pornography aspect to it as well,"

"And as their investigation proceeded, they began to develop subjects

targets of the investigation— who were high-level public officials."

As their investigations grew deeper, however, the agents were called into their supervisor's

office and told to drop the case.

Ruskin said, referring to political corruption of law enforcement, that

"this was Western Europe—not some undeveloped country with a dictator.

If it can happen in Western Europe, it can happen anywhere."

What Ruskin reported happened in Belgium, shocking claims of a pedophile ring servicing

high-level officials whose investigation was hushed up,

has happened elsewhere in the West.

Unfortunately, there is no single source tracking reports of pedophile rings,

and there is a pattern of mysterious events obstructing their investigation

when they are reported.

Starting in 1980, victims of pedophile networks that fit the picture outlined by the Soviets

began to step forward in the West, but a new element began to be commonly reported.

Accounts by child victims and police reports reveal shocking claims of sexual abuse,

dark occult practices, and the involvement of high-level officials.

This began the so-called Satanic panic, which lasted into the mid-90s.

It resulted in prison sentences for only a handful of perpetrators,

and also led to multiple claims of government-level conspiracies behind the rings.

Among the most famous cases was the Franklin child prostitution ring case from 1988 to 1990.

The case in Omaha, Nebraska, alleged that high-level politicians were involved in a

child prostitution ring,

where children were flown to private parties of politicians

where they were abused.

Victims alleged other crimes including cannibalism, human sacrifice, and drug trafficking.

The defendants were eventually found not guilty, but the way the case played out was criticized

as a cover-up.

The three main witnesses were instead charged with perjury, and many key figures in the

case would later turn up dead.

Documented problems with the case were later compiled by former state Sen. John DeCamp

in his book, "The Franklin Cover-up: Child Abuse, Satanism, and Murder in Nebraska,"

where he states: "Two grand juries, one local and one federal, had a mandate to consider

these and other charges of child abuse connected with the Franklin Credit Union.

They indicted the victim-witnesses for perjury instead!"

DeCamp also states that evidence in the case "leads into drug-trafficking, money-laundering,

pornography, child prostitution, and the kidnapping and sale of children in different parts of

the United States, and abroad."

Award-winning author and filmmaker Tim Tate produced a documentary on the Omaha case,

uncovering many similar findings.

The Discovery Channel was set to broadcast the documentary "Conspiracy of Silence"

in May 1994, yet abruptly canceled before it could air.

Tate explains on his website the sensitivity with covering the topic of Satanic ritual abuse,

noting that in his experience, "touch it, and—professionally, at least—you die."

The full documentary, which was in the late stages of editing, was later published online.

In a case in the United Kingdom, former British Member of Parliament Geoffrey Dickens,

who died in 1995, investigated what he said, according to The Washington Post, was a pedophile ring

of powerful individuals with "big, big names."

Barry Dickens, the son of Geoffrey Dickens, told the BBC that "My father thought that

the dossier at the time was the most powerful thing that had ever been produced, with the

names that were involved and the power that they had."

His son provided the research to British authorities,

but files went missing in 2014 around evidence of break-ins.

An additional 114 documents on the alleged pedophile ring

also went missing around the same time.

The Guardian reported, "The revelation that further relevant documents have disappeared

will raise fresh fears of an establishment cover-up."

According to Nyquist, when rumors of high-level Satanic-themed pedophile rings again emerged in 2016,

his contact whose grandfather detailed the Soviet plot became nervous and afraid.

He said, "I have to tell you he became very frightened, last year,"

"I went to breach the subject with him again,

and he said 'absolutely I do not want to talk about this;

this scares me too much.'

Because he believed this is such a significant part of the Russian power,

these pedophile networks, that if you talk about it you might be dead."

Nyquist said his sources did not mention the element of Satanic abuse

in the alleged Soviet-backed pedophile rings,

but he noted that, as someone who has studied communist methods

of infiltration and subversion,

it doesn't seem unusual.

Nyquist said "When the communists design an attack,

they use such horrible methods; one of the advantages

of a horrible method is that nobody believes that anyone would do such a thing," he said.

The elements of forcing victims to commit ritual murder—

and killing any who refused to participate

—would also work as a control mechanism over anyone involved,

since they would all be guilty, he said.

He said the overall system, if true, would have given the Soviets and later post-Soviet

participants significant power in establishing networks of influence and control.

He noted that even just among business leaders, since they often fund politicians and political causes,

by blackmailing them "you're suddenly getting into the fringes of the political system.

You're able to penetrate the political system."

Nyquist said "Pedophilia, if you look at it, is an important tool for corrupting, controlling, and manipulating

a foreign government, and sabotaging its economy, sabotaging its political process, even sowing confusion,"

"This whole thing can be used in all kinds of creative ways to hurt the target country."

That's all the time we have for today

Thank you for watching and I'll see you soon.

For more infomation >> The Dark Origins of #Pedophile Rings in the US - Duration: 15:34.

-------------------------------------------

U.S. Denying Passports To Americans At The Border 'Part Of Broader Crackdown' | MTP Daily | MSNBC - Duration: 10:28.

For more infomation >> U.S. Denying Passports To Americans At The Border 'Part Of Broader Crackdown' | MTP Daily | MSNBC - Duration: 10:28.

-------------------------------------------

Canada's biggest deal is exporting, their biggest market is US: Curtis Ellis - Duration: 3:13.

For more infomation >> Canada's biggest deal is exporting, their biggest market is US: Curtis Ellis - Duration: 3:13.

-------------------------------------------

Would a US-Canada trade deal boost the markets? - Duration: 4:17.

For more infomation >> Would a US-Canada trade deal boost the markets? - Duration: 4:17.

-------------------------------------------

Why is the DOLLAR the World's RESERVE CURRENCY? - VisualPolitik EN - Duration: 11:58.

You've heard this a thousand times: the American dollar is the World's reserve currency,

the hegemonic

currency in the world today.

And we all have that "smartass" friend who thinks he knows everything about

geopolitics and says that the dollar supremacy is… the cornerstone of the so called New

World Order.

The

illuminati, the Bildelberg club and George Soros are ready to do anything to keep this

supremacy… at any

cost…

OK, OK, so if you wanna throw one of these self proclaimed pundits off, you just need

to ask him or her

this question: 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 being used for the international trade?

Is it really

that important?

Really?

And the most important question of all…

Could the American Dollar lose its

status?

Could it be replaced by other currencies like the EURO or the Chinese YUAN?

Today we are going to

answer all of these questions but before we do… let's take a look back at history.

If you've been following VisualPolitik for a long time, you already know that Argentina

is in dire

Straits and they need to ask for Money loans from International investors.

In these cases, the usual

procedure is to print what we call a DEBT BOND.

This is a piece of paper that says 'If you give me THIS

amount of money, I will give it back to you in, say, 10 years, with interest'.

So far, so good.

But

imagine this situation.

Let's say that you lend 3000 Argentinian pesos to the Argentinian Government.

In

the moment we do this video, summer 2018, those 3000 pesos equal 100 American dollars.

But…

What would

happen in the year 2028?

We don't know!

But chances are, the Argentinian currency will have been devalued

more and more.

By then, maybe those 3000 pesos wouldn't even buy a bag of 'Doritos'

This is why, international investors, smart as they are, say to Argentina 'Wait, wait

a minute, dude…

OK,

I will lend you that money, don't worry…

BUT you will denominate that debt in Dollars…

American dollars!

This way, I give you 300 bucks and you will pay me back 300 bucks plus interest…

Understood, man?'

Yes, my dear viewers, this is how an investor protects himself from would-be devaluations.

But hold on just a second because we aren't just talking about Argentina!

In fact, most of the World's

countries choose the greenback as the currency in which they issue their notes.

And this is why, you can

read headlines like this one in every financial newspaper.

https://www.gob.mx/shcp/documentos/el-gobierno-federal-emite-nuevo-bono-global-en-dolares-a-plazo-de-10-

anos EL GOBIERNO FEDERAL (Mexicano) EMITE NUEVO

BONO GLOBAL EN DÓLARES A PLAZO DE 10 AÑOS

The Mexican Government will issue debt bonds denominated in dollars to be paid in 10 years.

As you can imagine, we are not just talking about governments here.

For example, anytime ARAMCO, the

Saudi Arabian oil company wants to sell their dinosaur juice to, say, India, they say 'Wait,

wait a

moment, dude… what are you doing with those… coins I don't even know how much they're

worth… no way dude,

you are paying in dollars, American dollars, because this is a currency I trust'

This explains why 60% of the foreign reserve currencies held at the central Banks are dollars.

In the

world, there over 1.67 TRILLION dollars in circulation and more than half of them are

outside US.

There

is no international law that says the dollar must be the global reference.

But most people trust this

currency for international trade.

And here it comes the real question…

WHAT-IS-THIS-USE-FOR?

I mean, how does America benefit from having

their currency circulating all over the place?

Well… it depends.

If you are a company or a regular

citizen… this is completely irrelevant to you.

Arguably, we could say it's worse.

BUT, if you are the American Government… oh boy!

Having the hegemonic currency is like a gift from

heaven…

Why?

We're gonna tell you straight ahead!

A FISTFUL OF DOLLARS

We told you a thousand times here at VisualPolitik… the worst thing that can happen to a country

is

HYPERINFLATION.

This means that all of a sudden, prices go sky high.

But how is hyperinflation created?

You also know the answer… in most of the cases, this is a 100% monetary phenomenon.

If a Central Bank

starts printing money like there's no tomorrow, the currency devalues.

But why?

What's the connection between printing money and losing the value of that money?

You see… when

we talk about currency, we have to consider it as just another product.

Yes, you heard that right.

Currencies work under the same principles as oil, oranges or mobile phones: supply and

demand.

For

example, the Venezuelan Bolivar has very little demand.

Only Venezuelans use it.

So, when the Central

Bank of Venezuela prints a lot of Bolivars, this is, expands the Currency supply, the

price is going to

fall.

This means, the currency will devalue.

Nonetheless, American dollar's demand can't stop growing.

Everybody, around the globe, uses it for

international trade.

This means that the Federal Reserve has a big margin to print money without risking

devaluation.

And now you might wonder…

Why would the Federal Reserve want to print more money?

Well… let's look at an

example.

Imagine you've lent 100 dollars to the American Government.

And now you want them to pay you

back.

So you go there and they tell you: 'Suuuure man!!!

How much is it…? 100 bucks!

No prob, dude!

Just

go to that building next to this one, the one where it says 'FE-DE-RAL RE-SERVE'

and tell them to print

you those 100 bucks in just a second!!!'.

This practice is called 'MONETIZING DEBT'.

And yes, when you tell things like this to your friend, the

smartass, the one who thinks he is an expert in geopolitics, he will have no idea of what

you are talking

about.

But the truth is that this hegemonic currency is what allows America to issue more and more

debt, more

easily than any other country.

And this is why it is so normal to find headlines like this one.

America's debt crisis is coming -- interest payments will hit a trillion dollars a year

Having such a big debt is not really great news for American taxpayers.

In this other video we told you

why.

But hold on just a second because I know what you are thinking… is America as irresponsible

with its

monetary policy as Argentina or Venezuela?

And the answer is… of course not!

You see, all the Central

Banks print new bills year after year.

And not only print but generate more money electronically.

The

difference is on the proportions.

On this chart you can see the increase of the monetary supply, what we call the M2 indicator

of the

American Federal Reserve.

As you can see, the number of dollars grows year after year.

But… what happens

if we compare it with the Argentinian PESO?

… well, you can see the difference… and what happens when we

compare it with the Venezuelan Bolivar?

I guess there's no need to comment.

In just 9 years, Venezuela

has multiplied their monetary supply by 100…

By 100! while America has not even doubled it.

Bonus fact: while making this chart, we decided not to include the year 2018 because otherwise,

the

yellow part would cover everything.

This year, the Central Bank of Venezuela has multiplied their

monetary supply by 4000.

And… this is one of the reasons why the American Dollar is the most used currency

on the planet: because

it is stable.

While other Central Banks print money like crazy, the Federal Reserve is pretty responsible.

And now you might wonder…

What happens with other currencies like the Swiss Franc or the Sterling Pound?

If there is one stable currency in the world, it's the Swiss Franc, right?

Well… you are right.

In fact,

pay attention to this part of the video because this is going to surprise you.

Despite the dollar's

importance, it is not the only reserve currency on the planet.

Far from it!

Check this out!

A MULTICURRENCY WORLD

We said it at the beginning of the video: 60% of the foreign currency reserves are held

on greenbacks.

But what happens with the other 40%?

The second most used currency is the EURO, which represents 20% of the reserves.

After that we have the

Japanese Yen and the Sterling Pound.

But these are not the only ones!

Many central banks have reserves

denominated in Australian dollars or even Swiss Francs.

Despite not being that common, everybody

appreciates these coins for their stability.

But the question here is… if what you need for a currency to have a high demand is to

be stable… why

don't we use Swiss Francs as much as dollars?

The answer is that there are many less Swiss francs on the

market.

Think about it, Switzerland has 8.5 million inhabitants.

The United States has 300.

This means that the

Swiss National Bank doesn't need to issue as many bills.

Remember how I said the World has 1.67 trillion dollars?

Well, the Swiss Franc doesn't even have 1

trillion.

This means that it is harder to find francs than dollars for a transaction.

On the other hand,

America is the World's biggest market.

This means that thousands of companies from all over the World

sell their products here.

So imagine you are an Australian company and you are selling mobile phones in New York.

How do they pay

you?

With American dollars, of course!

Then what do you do with those greenbacks?

You change them to your

local currency.

So now who will have the American cash?

Of course, that would be the Australian bank

where you made the exchange.

In other words, the more America trades with the World, the more dollars will circulate

around the globe.

This is a currency that is stable, abundant and supported by the biggest economy.

Decades ago, no other

currency could be a match for the greenback.

But, as you know, the World is changing.

At this point, I guess you can see where I'm going with this.

At the beginning of this video, I asked

you…

Is it possible that the dollar will lose that hegemony?

Or, at least, be less important than it is

Today?

The answer is… yes.

As U.S. Trumpets 'America First,' Rest of the World Is Moving On

We have been telling you week after week here, at VisualPolitik…

Donald Trump wants to Protect America

from international trade.

His first move was to cancel free trade agreements with EU and Asia.

After

this, he introduced tariffs to steel so companies like Harley Davidson are leaving the country.

Trump has

also announced that he was to end NAFTA, which is the trade agreement between US, Canada

and Mexico.

In

other words, Trump's America wants to isolate itself from the international market…

So what does this

mean?

Well… it means the other countries will have less dollars.

Add to this other news… like this one.

Europe's central banks are starting to replace dollar reserves with the yuan

Or... this other one…

Russia Plans Yuan Bond Sale With Sanctions Threat Nearing

But don't get so excited, yet!

It is true, the Chinese YUAN, also known as RENMINBI, used to be an almost

unknown currency in the international market.

It was only used inside of China.

Nonetheless, in recent

years, some Central Banks are starting to buy it.

But, of course, this doesn't mean that banks will start

changing all their dollars to yuans overnight.

In fact, there are many things we don't know about the Chinese renminbi.

Things that your friend, the

smartass, probably won't know about.

But don't worry because in the following weeks there is going to be

a continuation to this video!

So don't forget to subscribe to VisualPolitik, and click on the bell icon

so you don't miss any posts.

Meanwhile, here are some questions…

Do you think the dollar can maintain its hegemony in the following

decades?

If not…

What other currency could be a substitute?

The Yuan, the Euro… maybe the BitCoin?

Please, leave your answer in the comment section below.

And please, don't forget to visit our friends from RECONSIDER MEDIA, the podcast that provided

the vocals

in this episode that are not mine.

If you like this video, give us a thumbs up and, as always, I'll see you next time.

For more infomation >> Why is the DOLLAR the World's RESERVE CURRENCY? - VisualPolitik EN - Duration: 11:58.

-------------------------------------------

Why Canada needs to make a trade deal with the US - Duration: 4:01.

For more infomation >> Why Canada needs to make a trade deal with the US - Duration: 4:01.

-------------------------------------------

China's not prepared for a long-term struggle with US: Gordon Chang - Duration: 6:50.

For more infomation >> China's not prepared for a long-term struggle with US: Gordon Chang - Duration: 6:50.

-------------------------------------------

Trump ready to slap tariffs on US$200 billion of China imports: report - Duration: 1:36.

The trade war continues between the world's two superpowers....

U.S. President Donald Trump is reportedly ready to impose tariffs on 2-hundred billion

dollars more in Chinese imports.... as soon as a public comment period on the plan ends

next week.

Ro Aram reports.

The Bloomberg report notes that President Trump's position is not final.

It also suggests that if any tariffs were to be imposed, they would be enacted in installments.

Any announcement on the matter is likely to come out late next week after the public-comment

period.

Companies and members of the public have until next Thursday to submit comments on the proposed

duties.

The report also said it's possible any tariffs imposed would take effect at a later date.

The White House is yet to comment on the report.

Markets have reacted badly to the news, with the S&P 500 hitting session lows and the U.S.

dollar, Chinese yuan and U.S. Treasury yields also falling.

If the U.S. goes ahead with slapping duties on 200 billion dollars-worth of Chinese goods,

it would be largest so far and could escalate what is already a tense trade war between

the world's two largest economies.

The new proposed 25 percent tariffs would also affect more products, including home

building supplies, bicycles and clothing.

The Trump administration has already applied tariffs to 50 billion dollars of Chinese goods,

with Beijing retaliating in kind.

Talks aimed at easing trade tensions ended last week without major breakthroughs.

Ro Aram, Arirang News.

Không có nhận xét nào:

Đăng nhận xét