The Us Dollar: Will It Be Replaced As The World Reserve Currency?
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- Опубликовано: 20 окт 2023
- Will The Us Dollar Be Replaced By China's Currency In The Future?
Is the value of the U.S. Dollar getting weaker or stronger?
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Gold and real assets including Oil and Real Estate are a great addition to portfolio instead of Interest Rates sensitive Bonds and Treasuries which are still sold in 401ks and other planning. Ask your planner to include Gold and real assets as most wealthy people do have it in their portfolios. Other countries can switch to a different currency existed for Ages - it's called Gold. It certainly retained better value over the years and especially last Friday just jumping up.
This man speaks with intelligence
As a matter of fact he's insulting our intelligence the Euro came about few years ago you are seriously telling us the rest of the world cannot come up with another currency
I just want to know if it will be possible to retire on U.S. Social Security in a foreign country for an affordable cost of living.
It is almost impossible to live comfortably on Social Security Retirement here in the U.S.
The dollar here is worth 60c in the Philippines so looking abroad to retire if social security is all one has would be optimal!!! Do some research on the amount of people leaving the US for this reason and many others!! You would be surprised how much more you get for your money in other countries😁
Definitely you can't receive always your SS in other cheaper places. So plan accordingly to take your money where you choose to move. But don't plan on SS Income to be available in that place.
There are many many other RUclips channels that cover that topic so watch one of those. Also there are slow travel channels.
How about a gold backed currency. Duh.
For a nation to truly be great on this Earth, they should be a nation that other nations look up to and want to be more like, and even if possible to become one with, not by force and/or out of fear, but willingly. That is true greatness.
As a nation gets greater, that nation's currency should be able to buy more, not less.
✈✈✈Of the 100s of financial videos I have watched, I have seen ZERO videos on where a retiree should park his money retiring early e.g. 60 years old with say $300,000 and moving to a country like Thailand or Philippines until social security at 67? So many analyst do not consider men retiring early and where to put their money while also having $100,000 to $200,000 also to live off until they wait for social security. It's remarkable how so many of you in finance don't have a more diverse thought about this. SHOCKING!✈✈✈
You are looking for very specific personalized financial advice. My suggestion is to have a conversation with a qualified professional.
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ECONOMIC INFLATION:
The way I see it is that regardless of the currency utilized (gold, silver, fiat, crypto, etc), economic inflation is still economic inflation. ANY economic inflation over previous economic inflation, overtime, eventually becomes exponential economic inflation. If an entities' wages, benefits and investments do not keep up with the true cost of inflation, then the entity falls behind in buying power and becomes poorer. A nation will eventually fail as will a global economy will eventually fail with ever increasing economic inflation because most people do not have wages, benefits and investments that keep up with the true cost of inflation. Math is still math.
Additionally:
Space travel, the ONLY thing that will save any species on and from this Earth to continue to exist beyond this Earth (all species who are 'left behind' on this Earth will eventually die and go extinct), has gotten more expensive just in my lifetime. What is space travel going to cost in the next 100, 1000, 1 million years from now? Economic inflation just might be a contributing factor to all life on and from this Earth dying and going extinct. And we did it to ourselves, or more correctly the US Fed did it to us, including themselves. And they are supposed to be the 'smart' ones. There is more to life than money alone. First one has to have conscious existence for that money to have meaning and purpose to.
We didn't do it to our selves,You must not know the Higher up wealthy Ppl run America huhh,..Everything is ran by them,All of us is just pawn pieces
I need euro to even out with dollar 😮
Look at Wise, previously named TransferWise. You use your same account at actual daily exchange rates to move currencies from one to another. I currently have three currencies in my account and move as needed. I've dealt with them for five years having excellent customer service. I'm not affiliated with them other than being an account holder.
But for a start US dollars got nothing, no benefits at all except sanction. All countries can use their own currency to trade with a fixed rate so that their money had nothing to do with US dollars up and down. Of course , the strenght of the countries will be based on the gold or minerals they had to back up their currency. US dollars will not be in the conversation in the world trade.
Definitely a good point. So Portfolios should be pivoted away from depending on currency strength and weaknesses and have Gold and Real Assets in its core replacement of Bonds and Treasuries depending on Interest Rates changes beyond Markets control and thus very unstable and volatile, perhaps maybe even more than for example Value and Blend Stocks.
Problem with what you’re saying is the dollar is not real because of the Ability to back it. America has ruined the dollar and because of our debt we can’t ever recover
No fiat currency is real, it is all just faith in the government. I may be biased but I have more faith in the US currency than anything China, Russia, or India can come up with.
That's a good point. Debt seems to be a big white elephant in a dark room. 😢