0:00 – Video Preview
0:57 – Intro to Richard Turrin and China Digital Foreign money
2:28 – How Digital Foreign money is Serving to Caribbean Nations
4:37 – How Asia is Main the Digital Foreign money Motion
6:31 – Why are American Banks leaving the Caribbean?
8:20 – Why Nations Will Use China’s Digital RMB as an alternative of USD
11:53 – How Digital Foreign money may also help stop Cash Laundering
14:23 – How World Commerce will improve the necessity for Digital RMB
16:46 – Does America Need to Assist Creating Nations?
20:36 – Why Digital Foreign money Expertise is the Future
America banks are leaving the Caribbean, consequently many countries are underbanked and are having a more durable time accessing USD. That is creating an enormous alternative for China. Caribbean nations already import the vast majority of its merchandise from China, and with the rise of China’s digital forex, there are numerous growing nations world wide that might be joyful to make use of the digital RMB to pay for items.
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This is most enlightening and we Americans should be more aware of the rest of the world that's may not seem important.
Because the Colonialism works only for the powers to be not for the people they exploited for centuries!!!
china tried to rape the 1st world and got shut out so now china's economy is in decline. So now china is trying to rape small defenseless 3rd world countries. Eventually they will figure out china lies and that china is corrupt and will shut out china too.
1) These countries are not allowed to grow and develop. America invades, kills and rapes the resources of these peoples.
2) America, England, France, Holland, Portugal, Spain. Kidnapped, trafficked and enslaved our ancestors.
China has never done any evil to us. The Chinese are helping the people of this region to survive the ravages of American Imperialism.
US bullies others for business. China works with others for business.
Another reason is that the USA promotes war, guns and hate and China is the new choice, from business, infrastructure, BRI, digital currency… The USA continues to promote armed conflict verses peace and China is a leader
👍🏼 China !
Indonesia economic crisis during 1997 was because we tied our currency with USD. Say no to USD.
Why ot have a good relation with China good for barbados. America went into Grenada and ,killed a great leader "Bishop" and many of his leaders, none of his family knows where their bodies are. We will never forget these things, why does American not ask there gov. To tell the people where the bodies are. Great for China
They can see which way the wind is blowing.
This really is completely laughable because the first thing you need to know about the Caribbean is that it completely depends on tourism mostly from the US. So the idea that the Caribbean would turn its back on the US and embrace China is on its very surface ludicrous. But then what do you expect from Chinese propaganda?
Instead looking chinese as threat, why not understanding it to build trust. China's economic growth is an opportunity to trade with them. Same as US economic growth(unfortunately they're not) is an opportunity too. But maybe is hard for country controlled by US via it's NGO,IMF,etc. And it even hard more because CIA always do whatever cost to protect US Dollar.
Small developing countries and unbanked customers want digital currency, is that what you think? There is no value added in using US as middle currency. Digital currency is the future for the world, it is more productive and costs efficient. It has also changed the role of the banks and monetary institutions too. Watch out how it would change the world, you can’t ignore that it is coming fast. Evidently, see how it has worked for China!
The more you poke the dragon, the stronger it gets.
Good job 👍
What if you say anything negative about China or say something that offends China, will they just wipe out your digital currency with a stroke of a keyboard?
O Brasil e auto suficiente em petróleo mas como o preço e baseado no dolar isso faz o valor dos combustíveis e isso encarece tudo, por isso a nossa inflação está tão alta.
Truly enjoy Yr reporting not only it is frank, honest & current but also very beneficial to us economically but also promoting humility with yr intention to promote Peace, Growth & Cooperation.
Cyrus Janssen might be in my top 5 YouTuber but will never pass Gweilo60.
Like the Caribbean Islands ,the Phillippines has many islands also,maybe CBDC will be useful here in the Phillippines also
My favorite culture is the Mexican culture 🇲🇽🇲🇽🇲🇽🇲🇽🇲🇽🇲🇽🇲🇽👏🏼👏🏼👏🏼 Im a Mexican forever
Why Putin doesn't care about severe sanction, because CCP is behind of scenes. CCP is a great evil, Look, when 9.11 disaster was happening in America, China celebrated for 9.11 disaster, China laugh at death American numbers for covid19, in the mean time CCP coverup Chinese death numbers for covid19. CCP has been pushing and supporting Russia to make war. CCP's strategy is that other's problems and disasters are CCP's chances. The truth is that CCP supported all countries including terrorists who against America and democracy countries. In the mean time, CCP has been infiltrating America and democracy countries, the worst is that CCP has been brainwashing Young people to hate America and democracy countries, and inciting people hate each other. CCP is a real troublemaker in world.
😂🤣😂 wat a bull shit 🤣😂🤣 no china shit coin 😂🤣😂 they bring banking 😂🤣😂 Bitcoin Like El Salvador is the solution 🤑no one wants other currencies in their countries, the financial system is going to change, question of time, and how, i belive more in Doge coin 🤣😂🤣
Ha ha….I guess your Ross Perot was right when he advised against your country about sending all your economy to China back in the 90s. Out with your economy, in all the illegal aliens. Nice trade.
Stupid digital Crap…
Wait till they tuc into their fishing grounds
Thank you Rich, I will buy 10of your book as father's day gift for my family!
Great topic conversation but what’s with Richard? Dude comes off like a Saul Goodman. Hard to take him serious when I can tell that he sees $ when he speaks.
TO THIS "BELT & ROAD INITIATIVE" BLOGGER, MANY THANKS TO THOSE "INTERSTATE MARKET OFFICIAL'S 'UTMOST, WORRISOME CARIBBEAN RECONSTRUCTION' PREVIEW," AND TO Y'ALL, "FEDERAL FINANCE VIEWERS, 'MAY YOUR GRAND CREATOR HELP' ALL!"
this is quality content. Congratulations!
As long as the NATO nations are not being played out by the United States of America is a wise move and are cultured human leaders. No point of having wars as no one is safe. Take this opportunity to make one's country's economy grows where their respective citizens have more jobs to live in peace and harmony as civilized humans in this world.
If the British and American governments want to have war with Russia and China let their stubborn dumb-headed actions go ahead. They're the most trouble-makers and war-mongers on Earth. Let them taste what is self-destruction feels and tastes like, as they used to destroy other peaceful countries into messes as they like.
It's great that many countries in the Caribbean are backing China than America whom they were and are being bullied and sanctioned by the lawless American government.