Impact on the Global South: Michael Hudson and Jayati Ghosh on de-dollarisation and multilateralism

  Рет қаралды 15,020

India & Global Left

India & Global Left

Ай бұрын

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This video is part of two separate podcasts we did with Michael Hudson and Jayati Ghosh. We asked them about de-dollarisation and how it impacts the global south countries.
You can watch the full video here:
Michael Hudson: • Michael Hudson: US imp...
Jayati Ghosh: • Prof. Jayati Ghosh: On...
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#dedollarization #globalsouth #africa #southasia #pakistan #srilanka #india

Пікірлер: 61
@IndiaGlobalLeft
@IndiaGlobalLeft Ай бұрын
Link for donation: paypal.me/sankymudiar Guys, we want to work full-time on this, but our financial woes keep us pushing away. If your wallet allows please drop us some support. We prefer the PayPal method since we don't lose half of the money, but you can also give us a super chat. If you are a large donor, we would obviously get in touch with you to give something back if we can. But if you can't no worries. Please subscribe, share, and like. That means a lot already
@AudioPervert1
@AudioPervert1 Ай бұрын
Scarcity will also be weaponized and privatized, as seen recently with the case of COVID vaccines (2021-22) to control and restrict people, while serving the larger interests predicated not so much by human beings as much by technological maxims and models of infinite growth, assimilation and acquisition. Interests and plans which aim to destroy the very biological integrity of advanced and primitive lifeforms-including human beings. Unquestionable technological innovation also requires infinite energy and distribution. Human energy use, be it as per “Net Zero” or “business as usual” or be it non-renewable versus green colored, be it for an Indian or American, will rapidly decline at a global scale during the next 50 years. There is zero evidence at hand, that money, free markets, legislation, progressive institutions and mainstream economics can self-correct and make the right decisions. Hell no!
@iriscrocus1717
@iriscrocus1717 Ай бұрын
Michael is a proper honest human being.
@Jomaso71
@Jomaso71 Ай бұрын
Hudson is a treasure chest of information, truly a master wizard❤
@PJ-yp3vb
@PJ-yp3vb Ай бұрын
De-weaponizing the Dollar will happen, whether USA likes it or not
@M.M.Alam.Liberty
@M.M.Alam.Liberty Ай бұрын
Brave and Brilliant Economist of our ERA Dr. Michael Hudson 👏
@jazening3075
@jazening3075 Ай бұрын
Absolutely Fascinating! TEAM DE-DOLLARIZATION & TEAM BRICS+ NATIONS ALL THE WAY!👍🙂
@troywalkertheprogressivean8433
@troywalkertheprogressivean8433 Ай бұрын
10:00 which was why the "corporation" was invented, to shield capitalists from liability.
@ahsimiksnabac6576
@ahsimiksnabac6576 Ай бұрын
WELL DONE tovarish, keep up the good werk!!
@Abhijeet-ls7pk
@Abhijeet-ls7pk Ай бұрын
Nice compilation.
@thomaskirkpatrick1134
@thomaskirkpatrick1134 Ай бұрын
I love this man!
@paolageorgiadou8561
@paolageorgiadou8561 Ай бұрын
👏👏👏. our love ftom Greece 🇬🇷
@MartinHaumann1
@MartinHaumann1 29 күн бұрын
So much knowledge here. Would Love to see him debate Krugman.
@kvuppal1
@kvuppal1 Ай бұрын
Hey Mr Hudson, don't denigrate this channel even though it may not be new york times. I don't know who you are but I definitely follow this media source which I co sider excellent.
@theresewalters1696
@theresewalters1696 Ай бұрын
Guest is exceptional.
@joyghosh8610
@joyghosh8610 25 күн бұрын
The beautiful lady should be first asked to understand what is trade credit and time taken, the lass may explain the indigenous concept of cave men who talks about trade off in the era of finalcial stability and securing credit standings, the she shall understand civil and criminal chages and then she can wear the beaty crown that she deserves from her notion of education.
@oneplanetearth
@oneplanetearth Ай бұрын
The world finally waked up to US monetary hegemon ✌✌✌
@drakekoefoed1642
@drakekoefoed1642 Ай бұрын
national reserves could be gold, but why not aluminum? if i had the ingots that are used by most processors, i would know they would be worth money for a very long time. copper is 4.59. i don't know if that is asking price or what, but that has a ton being about $10k. and you don't need any fancy vault to store ingots that weigh a ton each.
@mohittrivedi9815
@mohittrivedi9815 Ай бұрын
No because aluminium or anything like that are too unstable. Gold is not used for its industrial applications, it is used because it is in extremely limited quantity, deflationary and just has a good track record since last thousands of years.
@thomassciaroni6942
@thomassciaroni6942 Ай бұрын
Michael raqs!!
@patrickmiller2034
@patrickmiller2034 Ай бұрын
Krugman is punk !
@irbfenian2594
@irbfenian2594 Ай бұрын
Why do the left keep talking about climate and covid? Do you not think its odd that on these subjects ye agree wholeheartedly with the capitalist ruling class?
@SofaKingShit
@SofaKingShit Ай бұрын
The ruling class are oppertunists and the most convincing lies actually possess some element of truth.
@SofaKingShit
@SofaKingShit Ай бұрын
That the ruling class never let a good crisis go to waste is why. Also the most convincing lies actually possess at least some element of truth.
@irbfenian2594
@irbfenian2594 Ай бұрын
@@SofaKingShit Yes there is, the weather changes. And every year there's a pandemic of flu. But why do the left agree with the capitalist class the solution to weather is avoid talking about pollution and put extreme taxation on the poor Accordingly the only way to deal with the flu is to mandate expensive experimental drugs?
@misanthropyunhinged
@misanthropyunhinged 2 күн бұрын
?
@KN0852
@KN0852 Ай бұрын
``Now that bitcoin etf is approved, What is the best strategy to enter crypto trading for someone with more or less than $5,000 to invest?
@ReedMyresDavid
@ReedMyresDavid Ай бұрын
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant
@ReedMyresDavid
@ReedMyresDavid Ай бұрын
Mrs Nancy Williams Laplace
@Petch20
@Petch20 Ай бұрын
Nancy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
@-vv3rv
@-vv3rv Ай бұрын
This is correct, Nancy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
@user-fe9nv9lw9f
@user-fe9nv9lw9f Ай бұрын
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
@idicula1979
@idicula1979 Ай бұрын
It will never happen international trade demands and strong and resilient currency, and no other currency comes close. You don’t understand this very intertwined and complex scheme of which you talk about. By the way that means staples like American gas and milk ( not to speak about other foreign markets that don’t have a stable and common value to trade) would go up ten folds and that is not happening without a war. It would be bad for America to have its currency dethroned, but seeing there is no currency that comes close to the Dollars value in foreign markets, it would be so much more worse for every country other not to trade in a common currency.
@Nine-Signs
@Nine-Signs Ай бұрын
Said someone of the British pound being the global reserve currency 50 years before it went the way of the dodo I am sure.
@drakekoefoed1642
@drakekoefoed1642 Ай бұрын
not so. lots of countries have every ag product you could want. russia has gas. saudi could sell more hc if it wished, and so could venezuela. china can build you a refinery fast. usa sells financial services of no real value. we sell lousy overpriced war toys, trash aircraft, and chemical laden ag products. we could dissapear overnight and nobody would need much of anything. you may think spare parts for fords come from ford but they don't. the aftermarket makes almost anything. china can do it better for less. india has lots of workers but needs machine tools and such. russia makes those. stalin built heavy industry to protect russia with, and they still have lots of it
@idicula1979
@idicula1979 Ай бұрын
@@Nine-Signs so bartering, yeh I’m sure that will work, I wonder why we left it, all so long ago!?!
@dhttube
@dhttube Ай бұрын
@@idicula1979 Bull crap. The only reason why the US dollar became the global reserve currency is due to two world wars (WW1 and WW2). 1) gold flowed to the US during WW1 and WW2 for safekeeping 2) after WW2, US global GDP is 50% global and also had 65-70 percent of the world's GOLD 3) that's why the US Dollar became the reserve currency in the 1944 Bretton Woods agreement 4) but due to the Korean and Vietnam wars, the US printed so much money and US dollar accumulated in Vietnam's central bank which the French owned so those US dollar got transferred to France and Charles de Gaulle sent it back to the US in exchange for GOLD. This forced Nixon to remove the US dollar / Gold exchange 5) The Petrodollar deal of 1973-1974 with Saudi Arabia put the demand for US dollar back in business, with every country in the world desperate for US dollar in order to purchase OIL and GAS 6) This is how the US exported US dollar throughout the entire world, by having everyone desperate for US dollar and the US was able to run up a huge trade deficits with the entire world 7) the US NUMBER ONE export is US dollar so all these trade surplus countries ending up holding their surplus US dollar reserves in US treasury bonds
@ericyeo805
@ericyeo805 Ай бұрын
@@dhttubegood job well done, bro. The US has taken the benefits of the USD for evil doing to lord over every country to destroy those who don’t submit to them. They will strike havoc instilling fears with all sort of anti government activities to get regime changed and will also invade if needed, to achieve her goals. Instead of rendering constructive ideas and provide assistance to help the poor countries to elevate their bottom status, they reaped the country on whatever they can as bully. Unfortunately, they forgotten that nothing last forever. As they continue to weaponise their tools of leverage against countries increasingly and went overboard somehow in the recent conflicts with the Russians by trying to squeeze them out of business as usual and steal Russia assets in their home turf. At the same time, they also have many self created conflicts with many other country. What does this kind of behaviour tells us? Your guess is just as good as mine.
@SofaKingShit
@SofaKingShit Ай бұрын
I possess a dull and lacklustre intelligence so l inevitably have to repeatedly listen a few times l but when the penny finally drops it's like a sunrise of blessed comprehension in my dim little world.
@sebastianbalbo1906
@sebastianbalbo1906 Ай бұрын
Bravo
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