Is This The End Of The US Dollar? | What You NEED To Know
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- Опубликовано: 1 июн 2024
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In today's video, we will discuss a pressing topic of more and more countries starting to rely on the dollar less and less. We will also touch on the petrodollar, Western monetary dominance, and the PetroYuan.
The BRIC countries (Brazil, Russia, India, China, and South Africa) are starting to move away from the dollar.
The BRICs account for 42% of the world's population and are responsible for 31.5% of global GDP. They are expected to contribute over 50% of global GDP by 2030.
Although they are becoming more populous and stronger economically, they have less than 15% of the voting rights within the IMF and The World Bank.
BRICs are trying to challenge the West's influence and also Western monetary dominance since essentially World War II.
This is coupled with Saudi Arabia and China starting to price their oil trade in Yuan instead of the US Dollar.
There is too much to unpack here so please watch the video until the end where you can hear my candid thoughts and how to position yourself.
Please watch until the end and share with a friend!
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⏰ Timestamps ⏰:
0:00 - Intro
1:01 - The BRICs
3:36 - US Dollar Dominance Begins
5:42 - The Petrodollar Importance
7:17 - The US Dollar's Uncertain Future
7:49 - Policygenius Spot
9:09 - Ongoing Trends
14:12 - The PetroYuan
16:25 - How To Position Yourself
17:52 - My Thoughts
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This is the best financial channel on RUclips
Great points. As an immigrant to the U.S. myself, here for 2 decades, I can not help feeling more and more about the late stage empire situation.
It seems all the goods are not manufactured domestically, the USA spend so much for the military while the public infrastructure often pales compared to Europe. Individualism and polarization seem to drive the country.
I’m with you on that
The US has a higher rated infrastructure than nearly every country in Europe.
Stop believing silly nonsense you see online. Europe has serious economic problems, most notably poor work ethic, as Dalio said.
@@ryana3095 have you been to Europe? I live in NYC. Metro systems, transportation, libraries, public spaces, construction quality seems way better.
Who judges the work ethic? You go to some dept store like Target or Home Depot, many minimum wage workers hate their jobs, shelves are disorganized. Americans low wage workers work too many hours, too little time off and the service they provide is lacking.
Public transportation in Europe is timely, inexpensive and extensive.
Not sure what you base your statements on.
I lived in both continents
@@stefpix lived in Europe for several years, but nice try.
All you have is opinions, no data. Again, the US infrastructure is ranked higher than nearly every country in Europe.
Who judges the work ethic - again, data. Not silly anecdotes about Home Depot and whatever nonsense you’re saying.
The US has a far more educated and innovative workforce (based on data). Your response is ironic validation.
Spare me your silly anecdotes and opinion-based statements. And Italy is currently having a rail strike right now - sounds very efficient and timely 😂😂
That's interesting, over the last decade, manufacturing capacity in the US has actually increased.
Having recently gained more knowledge about personal finance, I've subscribed to your channel. I want to commend everyone who's tirelessly working to earn a living while also building wealth during this recession. At 45, I'm retired, along with my 51-year-old wife, and we're debt-free. Our plan is to relocate to Thailand. Thanks to our frugal and financially savvy lifestyle, as well as our commitment to saving and investing in the financial market, we've been able to generate passive income even in this recessionary period, allowing us to sustain our desired lifestyle."
Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.
No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with *'Jude Ryan McDonough,'* to create a long-term investment strategy, and he assisted us in managing our investments while we focused on my jobs without any concerns.
Thank you for your advice. It's challenging to find a reliable investment advisor here, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.
Love your well-balanced self-reflection on the U.S., your honesty and the clear analysis! - And your humor: In every video I have at least one moment to LOL, which is great as a side-kick, but first and foremost what I watch your videos for is your view on things, which is always helpful for me (watching from Germany here, so I may skip some videos because the U.S. specific stuff does not apply to me and my situation). You're well on your way to 1 million subscribers, and THAT is for a reason: You deserve each and every one of them, Marko! - Keep up the good work here! - 👍 - All the best to you and your loved ones! - 🙏
always dropping knowledge .... can't wait for your school to start up !!!!
What's the best part of my day you might ask? Getting the notification that you uploaded a new video, of course! In all seriousness, thanks for always providing great content. This is a topic I have been particularly curious about as of late. You da man!
Marko my boy! Spitting that knowledge on dem Brics and stackin Bricks. 😳
Marko at it again, coming through with the facts and sharing his knowledge! Thanks bro, very helpful!
You may have finally broken the algorithm. Opened up the RUclips app and this was the first video on my feed! Keep these coming
The Cryptoboys are fuming at this video lol
Doing the finest of work as always Marko, cheers
Informative and reassuring! Thank you Marko.
Wow Marko, I am impress with your delivery and knowledge you got me as a new Subscriber
more then proud to share this video with my friends as a must see
thank you
Thank you Marko, I greatly appreciate your insights and wisdom on these issues. It helps me cut through all of the noise from legacy and social media. Blessings to you and your family.
Thank you Marco as always, we truly appreciate you taking your time and being the human you are
Thank you, valuable information 🙏🏼🌻🙏🏼
Thanks for sharing.
Great Video. Thank You!
Thank you. Great video.
Thank you for not sugar coating it.
Always good! Thanks for the knowledge Marko!
Keep kicking ass Marko!! Thanks for the content. I always enjoy your personal thoughts at the end of the video.
Awsome video Marko, hope you hit 1m subs soon!
Outstanding video. Agree 200%
Well done mate! Another good video. Keep up the good work.
I always happy when I see there is a new video from you. And I agree with your analysis of market
I appreciate the honesty!
I love how you and a few other of RUclipsrs are so truthful about finance and the economy
Fantastic video! Thank you for your contributions ❤
Thank you Marko!
Thanks for sharing your knowledge on this topic.
As always, great and informative video. Thanks Marko!
Been following you for more than a year and a half, but this is the most well detailed and most interesting (one of the most interesting at least for sure) videos ever. Good job man, keep it up! Thanks for always educating us
Great advice!
Good stuff, thanks bro
Thank you I’ve been waiting for you to post a video because everyone else is posting click bait stuff. You’re the only opinion I trust because you’re transparent and essentially said what I was thinking. Thank you for the rationality and have an awesome day.
THANK YOU. THANK YOU. THANK YOU. i’ve seen so many short form vides and lengthy twitter posts regarding the “failing US dollar” and honestly never could catch on to what the actual problem was and how this would affect me and my daily life, if at all. this video was very well executed and explanatory of the current problem and possible/practical solutions. I appreciate the time and great effort you put into creating this easy-to-digest powerpoint slide. thank you for all that you do.
Great video as always. Thank you for clarifying the “time” part of this equation.
There has been so much noise and panic ever since this news came out and I have been waiting patiently for the voice of reason to post a video about it so thank you Marko as always for clarifying everything man. Appreciate everything you do 👍
This is gold content bro thank you for educating us 🙏🏻 definitely eye opening video and a very concerning one
Thanks for sharing some valuable insights on this matter Marko! You said your thoughts on this subject could be a half hour video. For what it's worth, I'd definitely watch that!
Well done!
Been waiting on this! Thanks Marko!
Very helpful! Thank you so much. Been watching you from Russia for a couple years. You are the most useful finance channel on RUclips really without exaggeration.
Your wealth of knowledge blows my tiny mind 🤯😂 so glad I’m subscribed to you. Keep up the great work 💪🏻
Thank you for not being a RUclips charlatan. I appreciate the non fear based approach and analytical view point.
I just hope no one farts in China and ruins my portfolio 😂😂.
I am a new follower of your channel Greetings from Sweden
Welcome!
Thanks! Let's see what amazing new info we get this time!
Success is silent. It's often not big event where everybody is watching and you become someone great in a single moment. It's those small steps you take every single day. Every single rep, every single test, every single task, every single investment, every single sale & every single moment. Doing each of those to the best of your ability. That's what creates a successful life. Keep it up, YOU ARE DOING GREAT!
Great information
@Marko what % in each investment class might you recommend?
Well said.
The scary thing isn’t the money involved. It’s the fact that empires have never been this powerful. The possibility of war between any of the superpowers of the world is absolutely terrifying
Yes, Great Britain was as powerful. They had many colonies throughout Australia, India, Africa, and the Americas simultaneously.
@@Decoder2040 true but they couldn’t plunge the war into nuclear winter
The scale of economies these days is also much larger
that's why we have Ripple and XRP, will keep us safe from ww3
Relative power is actually very similar. The people have always had their lives trapped and controlled by the dominant power.
A principled youtuber, the best breed of a human. haha, great content!
THANKS FOR ALL OF YOUR WORK 👍
What do you think about XRP?
thank you Marko
I always click the like button on your videos before the ads are even over because you always produce quality content with out the bull doody.
No joke, policy genius helped me avoid/save $4k in insurance premiums this year. My old insurer bumped home and auto policies up 25% and 30% respectively. I said ✌️to my old insurer.
Speaking of quick changing prices of meals and Argentina, in 1985 several friends traveled to Argentina. It was right before the austral was set to replace the peso argentino as the official currency because of the rampant inflation in the Argentine economy. Inflation was so bad back then that while they were eating dinner at a restaurant, the maitre d' came out twice during the course of the meal to announce that the price of their dinner had gone up. They learned how to eat quickly.
Thanks Marko
Thanks!
Good stuff marko
This video help thanks
Thanks for this video Marko, very informative.
Glad it was helpful!
❤ the Free Videos Marko. Man, Kiddo, you just keep giving back. I don't personally know you, bud, but I really appreciate the email videos.
Praise the Lord for you, man. You've taught me a lot this past year. Proud of you!
Quality as always
The problem with saying we're in "late stage empire" is that late stage empire can last hundreds of years. Persia was in late stage empire for nearly a thousand years. China was in late stage empire for 2,500 years. Byzantium was in decline for 700 years. Rome only lasted 300 years in late stage empire and
by the time it fell the leading challengers rose and fell a dozen times. By the time America loses hegemony Serbia could be a world power.
Anyways I don't think Rembimbi will replace the Dollar as a reserve currency. Everyone likes to trade with China, but I don't think anyone trusts the PBC to not screw them over as soon as convenient.
And I don't think Bitcoin makes a good digital Gold. It has 0 privacy and transaction rates are extremely slow. There are better alternatives, but let's not start that argument here.
Great analysis, thank you for keeping it real. I agree, this is stuff to be watching out for. I am getting as prepared as I can for a worst case scenario but also planning on being around for awhile. I'd rather have it and not need it than need it and not have it.
always fire marko!!
You too!
I was looking for this ...Noone was talking about this from last month ....
Thank you Marko for your insights and analysis. Quick question for you, Do you know by any chance any legitimate brokerage offering Bitcoin for Roth-IRA?
Can you do a video specifically for the petrodollar?? That would be sweet. Love the channel
This was an awesome video in the way it explains the global markets. I have been following world markets for 45 years and I can tell you that Marko is on the money. Please follow his suggestions, he knows what he is talking about.
This is definitely very well researched & put together content so Great Job Marko! As a finance guy being in the industry for almost a decade I do agree with Marko's assessment about the fate of The U.S $.
Hello sir marko how to start investing in etf gold for the starter
The reason that Russia switched to gold was because of sanctions from the Ukraine war. They no longer have access to SWIFT so they physically fly gold to buy things.
Marko's analysis seems to be heavily influenced by Ray Dalio.
Read Peter Zeihan for a second opinion.
Great video! I’ll revisit this doom and gloom, in a year. Lol.
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.
I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.
I am interested to know more and invest in Crypto please
trading is easier with proper guidance, especially from a professional, Newbies who are not aware of how crypto truly works and wish to make profits from it, I would advise to invest with a professional like Fergus waylen, It helps secure and minimize the possibilities of losses.
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last week in CNBC world news
21:28 - 21:32 that pause took me back to my childhood bro when Dora the explorer and boots use to ask where on the map is the next destination lmao.. 😂😂 thanks for all you do bro thanks for keeping me on the right track 🙏 you are the realest 💯
That's awesome 😂
Do you have a video on the Petro dollar. Apparently I know nothing because I don’t know much about this but I’d like to learn
Any recommended reading to gain a better understanding of macroeconomics? Also, do you think REITs would be as effective as maintaining wealth as directly owning real estate? I can't think why they wouldn't be other than the possibility of dilution. Thoughts?
Almost at 1 million subs!!
Marko deserves every single one of them! - 🚀
What are examples of stocks that are less sensitive to currency fluctuations?
Thank you for sharing this information. There is a lot of fearmongering going around these days.
Thanks Marko but I need a joke at the end of the video. You left me hanging 😢 #SeriousVideo
Are you able to make a specific video on hedges against what’s to come? You’ve mentioned RE and small businesses and such but a updated portfolio video would be nice
@Marko. I study this stuff too. And I cannot disagree with your video here. I notice several plans we all can adopt and they include yours too. Here is what we are doing as an old MBA at age 74.
1. We invest in foreign currency companies such as EWW, EWG, and EWJ. This effectively diversities our currency.
2. We know we have a declining dollar as its purchasing power has declined, hence inflation. We have very little in dollars anywhere so use hard assets like Dogs of the Dow which have significant foreign exposure. Apple and Microsoft are examples.
3. We assume there are inflation resistant investments but view them with a jaundiced eye. We own several homes, mortgage free. By definition, a weakened dollar inplies higher real estate future pricing.
Our primary thoughts are to preserve wealth first and grow that wealth second. For income we use income funds like JEPI and safer but higher yielding stocks like MO. We also like financially solid REITs like MPW. Financial analysis is done by us, not some rating company. I can compute ROC and ROE myself as well as important ratios such as Quick ratio and PEG.
I am certain you do as well. My top stock if I wanted solid growth with good dividend would be PEP. We are too old to want that stock now as its dividend does not meet our requirement. But it would be a top pick for a smart man at age 36.
Don’t start to skip fun part afterwards 😀you are the bright, so keep shine😎
Great video! Is there any update on WBF university? Is it already started and I just have not been invited yet?
Not yet! The website and tech stack is being created at this time
😮 wait to see.
So should I stay the course with my Roth or start investing in Bitcoin, Gold, etc? I've been getting my 403B match and then trying to max my Roth each year? I have a few thousand to put in my Roth or somewhere else.
Happy birthday 😊
A simple click of the like button for so much knowledge? No problem
Is it possible that big financial entities are short selling gold and silver?
You sounded very smart today 😅 especially when throw some history in there 🎉
I dunno, I feel like you've left out some pretty simple comparisons that illustrate the differences between the US economy and all the other countries mentioned in this list; such as, debt levels of China, etc etc. Of course they want an alternate currency that is not subject to raising interest rates, they are on the verge of spiraling.
Can you do a video on the lost decade in Japan or at least that's what I thought you were referencing at minute 14 in the video.
I personally think they will be transitioning to a Digital US Dollar in the next Decade, following in the steps of Bitcoin of course.
Yes
Marko is absolutely right. You better start learning Madarin and Russian soon.