Will The U.S. Dollar Collapse As a Reserve Currency? - History of World Currency Explained
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- Опубликовано: 9 май 2023
- Do you think the U.S. dollar will collapse? Social media and geopolitical developments fuel the future of the U.S. dollar as the world's currency. Will it remain dominant, or will it be replaced? Only time will tell. In this video, Patrick Bet-David predicts the future of the U.S. dollar. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks:www.masterworks.art/valuetain...
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#usdollar #reservecurrency #worldcurrency
Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: www.masterworks.art/valuetainment
Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more.
See important Masterworks disclosures: www.masterworks.com/cd
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Really? Pbd? Stick to pod cast and don’t be a paid shill…this is where you will start losing viewers
@@michaelnguyen3201 he's a shill
Masterworks and other companys auctions dealing with Art is only for laudering money and manipulate with prices of art. No piese of paper in wooden frame is worth 100mil its just bullshit... BTW promoting moneylaundering and scamers is not good for the chanel PBD. Buy a corner of the fram of mona lisa ? isnt it better to buy BTC or go buy Gold at your local goldstore ?
So by your logic, anyone wanting to make a profit from their work by having sponsors are a shill?
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
How can i get started when it comes to investing and passive income?
Melissa Maureen Ward, you can read up on her, she's quite known and her works speaks for itself.
Thank you so much! I found her webpage and left a message. Hopefully, she responds
This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Professionals are currently crushing it because they have both the necessary approach to profit in this market as well as access to insider market knowledge that is not made public. With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
Since the outbreak of 2020, which significantly affected the market, I've been consulting an investment coach before making any investment decisions because their entire philosophy is built around employing a high-profit orientated plan while simultaneously trading long and short, as well as decreasing risk exposure as a hedge against inevitable downtrends. When coupled with their access to odd data and analysis, underperformance is virtually impossible.
@@MarkFreeman-xi3rk Would you mind suggesting a professional with a range of financial possibilities? This is highly unusual, so please respond as soon as possible.
@@JenniferDrawbridge Margaret Johnson Arndt , my financial advisor, is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field.
Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation.
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
Mind if I ask you to recommend this particular coach you using their service?
This thread is a scam. For anyone reading
I was worried to, until I transferred it into a stable fund. Fyi, all retirement fund managers should provide them. They probably don’t disclose it because of low commission fees.
But safe 1-3% gains the past two years while my counterparts suffered double digits losses. It will now take them 7 yrs to break even.
Yeah, I'm concerned about Survival. This is the vast difference between our Generations, sir.
I blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $180,000 savings to turn to dust
Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $280k in the last 4 months by investing through my FA.
Wow. I've heard similar success story from people who work with advisors. How do I get in touch with yours, please?
There are many you could potentially find online. I personally work with Deborah Jean Dykstra , and she's been spectacular. But there are also many others you could check out yourself.
I took a look at your advisor and she looks quite the part, I have always thought advisors overrated but taking a look at yours she gives off some confidence, might as well see what advice she has for me.
For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance an expert with ISDA Agreement. An agreement that lets investors sit at the “big boy table” and make high level trades not available to amateurs. Trying to be a high stakes trader without an ISDA is like trying to win the Indy 500 riding a llama.
I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portfolio.
@@joshbarney114 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
@@eloign7147 I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field.
@@joshbarney114 Thank you, I just looked her up on the internet and found her webpage and also looked into her credentials. which seems really proficient. I wrote her a mail outlining my financial objectives and planned a call with her.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
@@Quason788 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
I personally work with “Vivian Carol Gioia” she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient.
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Christine Jane Mclean, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.
@@duane_29 How can i reach her, because I’m seeking for a more effective investment approach on my saving.
@@HarrietBemish Christine Jane Mclean maintains an online presence that can be easily found through a simple search of her name on the internet.
@@duane_29 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Lisa Angelique Abel is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
Well I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor, and I've actually made over $120K with their help during this market crash. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
@@theresahv That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@@theresahv I’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her.
@@DavidRiggs-dc7jk This whole thread reeks of spam. No one legit says "delighted to engage in this opportunity".
You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
A strategy to protect against inflation is through the U.S stock market, especially the S&P500 & various ETFs. Investors must know where to put their money and how to distribute it in order to protect it against inflation while still making a profit, especially during a recession.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
@@lipglosskitten2610 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
@@hermanramos7092 Yes, a Fidelity financial advisor named "Catherine Morrison Evans" put an end to my fears about investing, and after making more investments, I was able to reach the high six-figure mark in less than 3 years. A licensing advisor satisfies the necessary security criteria; hence, reimbursement is guaranteed if I'm dissatisfied with the service, so I'm much better off hiring one.
@@lipglosskitten2610 I just copied and pasted her full name on my browser, super impressed with what I've seen so far. thanks for sharing!
Times are weird. The US dollar is losing purchasing power due to inflation while strengthening against other currencies and assets. The stock market, real estate, crypto AND precious metals are down because people are fleeing to the "safety" of the dollar. where else can we put our investment money? I can't afford to see my savings of around $320,000 turn to dust in front of my eyes.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Helene Claire Johnson, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000.
Sure, Fiduciary CFP are outperforming the market and generating good returns, but some charge a lot, as their services are currently in greater demand than ever.
Yes, they can have a positive impact on an individual's portfolio. helene’s strategy is transparent allowing full ownership of my tråding account and the fees are very reasonable compared to my return on investment
Out of curiosity, I searched for helene using her full name and she seems pretty tight and outstanding. I read her curriculum vitae, her school career. She is a fiduciary who will act in my best interest. So I booked a session with her on her contact webpage and hope she responds soon
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Janet
Wow I'm just shock you mentioned and recommended Expert Mrs Janet,I thought I'm the only trading with her
YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MRS JANET
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.
@@LarsBergstrom-uh2eu On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $150k since then.
@@AstaKristjan Please, who is the advisor that assists you with your investments?
@@simonbad The adviser I use is actually quite known, you might have heard of her, Kathleen Yanelli Carole, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.
@@AstaKristjan Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Whlie the Dollar collaspe, China and Russia are storing Gold and other precious metals..
Analysts believe China will continue to increase its Gold reserves as it competes with the US Dollar as a world reserve currency.
Glen cameron henry is an approved dealer search him online
You are right many people have little or no knowledge about diversifying their portfolio by investing in the precious metals markets. As the Dollar fall, the value of Gold still stands.
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
It's amazing how people are trading without fear of making losses, while so many people out there are patiently waiting for Bitcoin price to skyrocket...😂
@@laurennicolas7489the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
@@louisfrancois1683 Job will pay your bills, business will make you rich but investment makes and keep you wealthy 🇨🇦
@Olivia Camila I agree with you. I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..
@Lauren Nicolas She's awesome she has managed my investment so well and my weekly returns are mind blowing.
If the US becomes cocky and complacent? Sorry, the US has been that a long time already😮
It will not happen over night, but it has started awhile ago and is looming on the skyline
There is one of you around every corner. Do I assume that the dollar will be there forever? No, Do I assume the world would randomly change? No-- There is no other tested currency that has been through what the dollar has already gone through... And you will be hard pressed to find people that would risk their whole economies on a non tested currency.
Everyday there's 30K people trying to enter the U.S.A to become Americans! Do you think the U.S is going downhill????
@@Acidfox86 There is a demand for a new global currency, but none exists. That's a fact. Especially after Russia was kicked out of SWIFT other nations started taking action. Would you trust your economy to a nation that could turn it off if they didn't like your politics?
Yes, it's true there's no stable alternative. Yet. Everyone from the WEF to China to the US is trying to create online digital currencies. One will win out, and it's likely to be something other than the USD. This won't happen instantly, but it's increasingly likely. A drop from 65% to 60% of the world reserve might not appear to be a lot, but that's substantial and would be much higher if there were any alternative.
@@Acidfox86 That’s not true. Brazil, Russia, China, India are ready and trying to change the world currency. What would happen if the middle east started accepting other currencies for oil?
@@huejanus5505 they already are.
For months I’ve been more and more finding myself choosing you over Rogan to spend my time listening to. Right now you are my favorite podcaster. I believe it’s because of the times. Right now I am choosing to spend my thought processing time on thinking about finances and getting my family where I want it to be financially. For this you are the man.
@Brian Thorp8
Well said fam!!! my life is totally changed because I've been earning $15,250 returns from my $4,000 investment with Georgette Laura
Same here, i will praise ma’m Georgette over and over again because he has great skills, i started with $2000 and after 2week i received a returns of $6,000 then i continue with her ever since she has been delivering.
I traded with her, The profit are secured and over a 100% return on investment directly sent to your wallet.
@Ugo Ukachi
After watching so many RUclips tutorial videos about trading was still making losses untill Ma’m Laura started managing my investment now, I make $6,800 weekly. God bless Mrs Laura . She’s been a blessing to my family.
@Chance Home world
Yes, Georgette is the best. She is the only one I can leave my investment with and think less about it, he is my money maker. I just received $13,000 of my investment last month. I am very happy because he is leading me to financial freedom.
The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.
In my opinion, SVB was attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.
@@hannahdonald9071 Only a good FA will be enough to guide you through the current market volatility. I've been speaking with an advisor for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.
My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
Right now, I'm literally hanging on by a straw, so your advice couldn't have come at a better time! I'll look her up on the internet and then give her a call.
@@mcginnnavraj4201We need more men like you sticking a small hand of advice out! Thanks 👋
You work for 40 years to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.....
@Kelvin You are right.
Been thinking of going into gold and
cryptocurrency
@@Javierrollins I totally agree with you it has been an eye-opening experience for a lot of people
Investment is the key to achieving success with the current pandemic slowing down so many businesses aww
She has helped me recovered a lot from the time I have been trading with her.
My first Investment
with her gave me profits of over $27K U.S dollar and she doesn't fail
l appreciate the knowledge you've provided. But this administration has putting so many families into difficult situations, I pray for our country, we need compassion for the American my country.
Most family are struggling to survive. meeting Mrs Michelle Barnett has brought me great success. Even with the economy situation I'm still sure of my $ 15,000 weekly
That woman is really amazing I still can't believe someone can be this exceptional when it comes to trading crypto.
Are you talking about *Mrs Michelle Barnett
Exactly! almost everyone working with Mrs Michelle Barnett this period.
How can I reach Michelle Barnett, does she have a telegram page??
One point that wasn't touched was how US a year ago turned all Russia's dollar reserves into dust. The fact that US can, and will do that to serve it's political interests, has affected aforementioned trust, and is probably the whole reason China's currency is even a talking point in the first place.
it's our fault for buying EVERYTHING from China - Stop , and they collapse !
Thank you. Most of the BRIC participants have or had sanctions put on them by the US.
China did the same thing to Putin last year as well. China prints yuan and sends them out of the country and doesn't want any of it back. Thats how they get hyperinflation
The thing is the only other country they could do it is China. China is the most corrupt country in the world and really nobody trust China. No European country will trust China
@@robblotnicky3219 who gets the hyperinflation
The fin-Market has underperformed the US economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
It's precisely at times like these that investors need to be on guard against the next certainty. You don't have to act on every forecast, so i will suggest you get yourself a financial-advisor.
I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accumulated over $550k with the help of my advisor from an initial $120k investment thus far.
@@JaykeTurner that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who's the person guiding you.
@@AngelsEyes-ny1pc My advisor is Heather Ann Christensen, you can easily look her up, she has years of financiaI market experience.
@@JaykeTurner Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient in considering her résumé
Having options also has power. If the BRICS+ begin to trade in their own currencies they don't need to rely on the dollar. The Dollar can still remain dominant, for now, but NOT omnipotent as countries will no longer put up with the threat of sanctions (extortion) that the US has been doing for decades. In my view the United States will need to change its global approach and compete or further alienate itself. The BRICS+ provide options not available before and unless the United States starts to function in a multi polar world it's done.
Totally agree! This is why I made my own *beseeching* comment post for all of us to NOT be entitled, arrogant, soft, cocky and comfortable ... and to be educated and informed, be vigilant and wise, and do the "right" things and grant our support to the right "public servants".
The brics, agreement will be interesting to see in the next five years more or less.
THE RUSSIAN DON'T LIKE TO BE DEMANDED IN ANYTHING "if" it doesn't benefit them.
China is a arrogant nation they say "we are" the largest and most sought after labor force in the world. That is used as leverage for these sell out corporations from all the countries around the world.
China also the first sign of trouble the dragon will swallow up the Bear 🐻.
Iran well Allah Help them
Brazil it's horedom will pay another price.
ONE THING I MUST SAY ABOUT AMERICA IS THAT GOD HIMSELF "MAY" ALLOW US AS A NATION TO LEARN A LESSON "NINEVAH" AND NOT LET US SINK IN THE DEAPTH OF HELL IS!
WE ARE THE MOST CHARITABLE NATION ON THE PLANET!!!
That my friends God won't overlook this at all! BH! Mashallah, Allah.
The US won’t be done. The US is certainly going to recede some as it no longer wants to fully support globalization and the reliance on China. The CCP will never open its currency nor financial markets up to the world the way the U.S. has. China IS BRICS the other countries are small by comparison and account for little. Might as well just be C+ Personally I’d be fine with the US staying in it own hemisphere and letting the rest of the world figure itself out. Unfortunately I also don’t want to see Japan or a few others get left behind so 🤷🏻♂️
Whats one thing all Brics have in common? Corruption
Yeah and if say currently global reserves in US is 70%, and it drops down to say, 60% in next few years. It DOES NOT mean that things are fine.
The 10% which the world no longer hold as reserves currency, will find it way back and flood the US economy. It will be like the US government just print another 1 trillions dollar to put into its own economy, which will devalue the dollar further, and make foreign investors discard the dollar even more.
Patrick on Netherlands there was a small mistake when you said it lasted 80years but on the screen there was info about Spain 110 years. It’s not big deal at all, love your content , just wanted to put that out I know you want to the best from yourself and your team, so do I . Take care Patrick and thanks!
was waiting on this 💯
So awesome Pat. Ty for the education! Love it keep it coming!
If I'm not mistaken, Israel , for the first time , added Yuan to their reserved currency. considering their relations with US ,this should ring an alarm bell
Yes, it will collapse.
Then we should definitely stop supporting them & anyone else. Ally or not. It's time for people to choose sides.
@@VOLITIONSPARK cry cry overgrown baby.
@volitionspark the arrogance of asking governments to chose sides is why the US is this mess and you’re able to make that comment. You see the cycle?😂
@@williampearson6299 Shut up William.
But Pat, what about the new currency BRICS countries are planning to launch?if some of the major oil producers join BRICS as they have already shown interest to, can it be a game changer?
Thank you for the update, and advice!!! Your the best!!
Very good information here. Thanks for sharing
My only thoughts after reading Gold Wars in 2009 and learning about works reserve currency is to go a different route for thinking ahead 30 years... buying land to transition from City/Suburban lifestyle to Country/Rural Homestead living to not rely on the system for 80% of food, getting out of fiat to a hard asset like gold (historical centuries of proof for preserving purchasing power) to have for after the transition of the next world reserve currency.
This is the only safe haven that I've come to realize is the true best hope for those that want to prepare in some way and not hurt as much as everyone else.
Work on things that you have better chances of control.
We work/slave for what money to pay for rent/mortgage, food, medicine, fuel.
Those alone take most people income before they can even try to save all app that inflation takes away any other savings to eventually what, retire and then rely on multigeneration politician who has the lifestyle of city and making laws and decisions for programs that keep propping up I very bad system for a ton of reasons we're seeing today.
World reserve currency topics and how to prepare are really fooling everyone if some sort of true self sufficiency or ways to reduce the reliance on this system is not discussed in some part.
Even if it does life goes on, Britain is still around, Portugal, Spain, Netherlands and France also once held the worlds reserve currency.
Thats actually a great point. I think use won't let its power go away this easy even if it means going to actual war.
You Americans have no idea what the world is really like brothers... you benefit massively from other countries being paid in dollars and absorb the inflation. If that disappears America is in for very hard times
@@MMA94 that is what the ukraine/Russia thing is about.
🇺🇸 exactly, maybe then we can help Americans. Rather than policing the world to enrich the 1%!
I agree... too much hype and hysteria from the US about the decline of the dollar. And to be honest, if that's what it takes to force them to bring their decades of federal budget deficits (which has led them to $31 Trillion + in debt), to a balanced equation, then even better!
Thank you. You explained the topic of World Currency so I could understand it. I have been trying to understand this topic for a while. 👍👍👍 💕
Thank you for all this information!
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.
I don't know much about the market, but based on what little knowledge I have of economic supply and demand, this is the best time to venture into the market, but the only thing holding me back is the constant fluctuations in prices, which it's not supposed to be a problem, but i really need guidance because i want to use this avenue of everything being on discount to build a portfolio that pays dividends and takes care of me in retirement.
I must say profoundly that "DEBORAH DIVITO WELCH" does a good job. She is quite the genius in portfolio diversification.@@pamelamonarch
@@vuhoahua I am going to look her up too, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
So we're not going to discuss BRICS in all this?! Or the dying petro dollar?!
This video is the most biased video I have ever seen in my life. He just ignores everything that doesn’t fit his view. It's really funny because to protect the US Dollar from collapsing there is no other option but to increase peoples faith in it. Lol.
Exactly 💯. Today's issues Globally, Over Printing of the Dollar (via Covid Policies), Proxy War in Ukraine (Money Laundering 😉, in my opinion), The BRIC'S Alliance, and Many other Game Changing Global Events Happening not Mentioned, that's Clearly Reducing the Dollar and The U.S. Hold on the World. Seems Pat is Playing it to Close to Home on this One.
Well brics does not have a currency yet
@@kingdavid863 Do you know that the US prints its money out of thin air and pays for all of its imports?
The amount of money US prints today is huge and the reason inflation doesn't affect the US economy is because they export the printed dollars to other countries, who holds it as their reserve currency. The way the world is ditching the US dollar today is something worth looking into. Because then there will be inflation that the US economy cannot handle and resulting in an economic collapse.
@@nafissadik2754 he's a fake wannabe american. He will never be one though no matter how much he deepthroats the pole where american flag is tied to
I have never been here before. This video was informative, educational & truly helpful to me. I would have an interest in seeing another of your videos. Also I had been told elsewhere that Masterworks had value & forgotten about it. Appreciate you mentioning that. Sorry if name icon comes up 2x. Computer glitch we don't know how to fix.
@valuetainment
Wonderful presentation.
The slide about Netherlands duration seem to be incorrect
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
Government policies have jeopardised the future for many years, and consequences are approaching. I anticipate an 75% decline in the stock market, causing investors to shift toward real estate. Traditional banking may become less reliable, so it's essential to develop a survival strategy.
I consult a financial coach before investing. During the pandemic, I employed profit-focused strategies and risk minimisation, leveraging their insider knowledge and analysis. Working with Stacey Lee Decker as my coach for over three years, I've generated around $750k in earnings.
After reading your insights, I researched her full name and found her online webpage. Unfortunately, my portfolio took a significant hit, so holding it longer seems unwise. However, I've heard of others making significant returns during this downturn, which is encouraging.
I've been passively earning a six-figure income through my investments with Stacey Lee Decker. He guided me to the right community to enhance my financial growth, and I don't need to put in much effort. Regardless of market fluctuations, I consistently generate returns.
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.....
How long does it take to learn it and make money? I might like to try it out in the future. Maybe I still kinda hesitate about it because I don't know all the ends and outs, pros and cons.
Most people think, investing in crypto is all about buying coins and leaving them to rise, common it takes much analysis to be a successful crypto tràder
@@Marina_lam That's true trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor the trade. I will advise you not to start tràding on your own it's very risky, seek the advice of a professional trader.
Investing in stock and crypto is a good idea, a good trading system would put you through many days of success
How does one know a genuine and reliable account manager these days?
Wow I was glued to this....
Thank you! Very good information!
You forget prior Roman Empire ( that's even the most applicable exemplar for today's US empire) but you got the point - congrats, keep the good work
The question I'm asking is why do you master your audio at such a low level?? I'm at max volume and I still can't hear you clearly over a bit of background noise. I want to hear what you have to say, but I don't necessarily want to don a pair of noise-cancelling headphones in order to do it. :)
Thank you very much for your videos
I appreciate your detailed explanation. Thanks!
THANK YOU for this video. Gotta admit - I've been more and more worried about the weakening of the dollar. Washington is unhinged and unaccountable - they are literally destroying our Country. I've got both eyes open. Thank you for putting this into context.
In June there there will be the brics summit. More countries will join and possibly speed up the collapse of the dollar
It’s dropped from 58% in 2022 to 47% now. In one year 😮
@@2ruthfox82 Exactly. It is (and will continue) happening faster than these folks are predicting. Called the 'richest country on Earth', our currency is worth negative thirty one trillion dollars, with no metal, resources, or ANYTHING of value underneath it. The US Emperor is wearing no clothes.
1 year later, the USD is the strongest it's been in 34 years. GDP is growing well, unemployment is very low. Keep your eyes open buddy.
@@Sphere723 what flavor kool-aid is in your glass? Dude?!?!?
Bro we need a Show like this in Spanish. Hispanic community need to understand and learn a lot from your guy. This Channel is one of the few that I know in all youtube with a great understanding about Economic, History and future.
Keeps reinforcing the validity of the channel's name... super informative and valuable, great and easy to watch. Great job!!
Great vid. Learned something new
You got valid points though Inflation is dilapidating. Quite sad what's happening in the market. Although, even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. The market circumstances are driving me insane, my portfolio has lost almost $13K this month alone, my earnings are tanking. I'd appreciate some financial advice from anyone who knows more going forward.
People do downplay the importance of expert counselors up until they experience the consequences of their errors. I wanted to stay afloat between the COVID outbreak and my early 2020 layoff, so I started looking for license advisors. My previously stagnant
$325K reserve has so far created significant returns from subsequent investments owing to expert leadership by my FA, who can be found online. I was fortunate to come across someone with his level of practical knowledge and years of experience, and he helped me.
@@AdelinaLanoszka1299 We're only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08' crash and I've been looking into similar opportunities in this present market, could this coach that guides you help?
My Financial Advisor is GREGORY THOMAS PATCHAK. I found him on a CNBC interview where he was featured and reached out to her afterwards. he has since provide entry and exit points on the securities I focus on. You can run a quick online research with his name if you care for supervision. I basically follow his market moves and haven't regretted doing so.
He appears to be a true authority in his profession. I looked him up online and found his website, which I browsed and went through to learn more about his credentials, academic background, and career. He owes me a fiduciary duty to act in my best interests. I set up an appointment to use his services.
Ask yourself, “what would Jesus do?” 🤷♂️
Thanks for taking the time to pull this together to educate some of us brother.
Bahhhhhhhhh 🐑
Great assessment PBD! This is very educative and informative.
He did good on this video thanks bro
Don't look at what the BRICS are doing now and the position of the dollar, instead look at the awareness and new knowledge about de-dollarization. Americans will never understand what the lack of dollar means for foreign countries. This is the new knowledge: The economic strength of a nation is determined by how much dollar it holds. Why?
but what is a dollar? Define that! Then define what was a dollar...a thaler? origin hint...Joachimsthaler
1. USA needs to reject modern monetary theory and stop the spending. Stop the debt ceiling raises, stop the borrowing, stop the inflation. If the national debt isn't going down, it must be considered a national crisis.
2. USA needs to un-chain industry, drastically reduce regulations and corporate taxes.
3. USA needs to abolish the ATF, drastically slash the FBI, Dept of Education, Dept of State, NSA, CIA, IRS.
4. USA needs to put every tax incentive towards domestic production, workforce training, and product export.
5. USA needs to stop spending money on foreign conflicts.
6. USA needs to consolidate its wealth, bring our physical gold and other precious metals home and under lock & key.
7. USA needs to strictly enforce laws against violent crime, hardcore drugs, white collar crime, and healthcare fraud.
8. USA needs to lock down its election systems, by being both entirely transparent and digitally secure/auditable.
9. USA needs to slash the tax burden at all levels: tax on income, tax on purchases, tax on earnings, tax on dividends, tax on sales, tax on usage. It is out of control and enables rampant spending and borrowing.
10. USA needs to stop pandering to the lowest common denominator, the progressive marxists, and those unwilling to work hard to improve themselves, their communities, and the nation.
11. USA needs to lock down the borders, zero tolerance for undocumented/illegal immigration and drug smuggling. Those here must be deported, enter military service, or be put on a "work for citizenship" program.
12. USA needs to stop all Federal and State laws that run contrary to the US Constitution and Bill of Rights. Endlessly fighting them in court is a enormous drain on the system.
If this USA can do these things, they will be on the way to stay the top superpower for another century.
Ur videos are excellent dinner table talks ..thank u
Great video! Learned a lot!
Buy gold silver and copper. Dont do anything else oh and ammo.
Add BTC.
I love his common sense way of thinking. Great channel.
Your videos explaination is very specific most people just don’t understand how important the information you are saying
Thank you for explaining this in simple words!
@10:50 "Who controls the food supply, controls the people. Who controls the energy, can control the whole continent. Who controls money, can control the whole world." - Henry Kissinger
Until now, now everybody is dedollarizing or reducing their dollar reserves. The dollar won't be controlling the world in a few years time.
@@rap3208Absolutely! Diversify is key and take back control for ourselves. Buy gold and silver, BTC. Be your own bank.
Lovely presentation. One thing, start and end dates of past reserve currencies don't give allowance that there is a transition period. Another thing, the dollar system is based on trust, that is eroding extremely quickly, in the West you don't see it, outside of the West, it's everywhere. Last, the West is very arrogant and has been for decades not realizing their dependence on economies that are fueling it's economy. There will be no "collapse", but the transition is happen much faster than Westerners are willing to accept. Many things such as running up a trillion dollar deficit will not fly in a short 15-20 years. This will force many Western countries to have to play fair, something that is much harder than it sounds . . .
I live in the US and I don't even trust our currency. Many citizens in "the West" have been saying for a very long time that we cannot continue to export inflation and retain our place as the global currency. Thing is the people running our country don't answer to us they answer to the WEF and they want to bust the dollar to usher in a new global digital currency that will enslave us all.
@@Nostradevus1The US citizens should take back their country from these Cabal within the govt.
West accepts no change without war. Big guns and weapons go burr, no choice but to use the dollar.
Great video , thank you
Great point of view PBD 👍🙏
I’m sold. Love the way you share information. Keep it goin!
This guy doesn't see that it is happening already.
Good at everything you do...
At least thorough...For the skeptics out there.
High right sir. Thank you for your knowledge. 🇺🇲
Thank you, this was really educating. Never thought how the currency kept swifting during times with different countries.
With due respect sir,
3rd Netherlands you said 80 years but in caption it shows 110 years !
The title caught my attention. Pls allow me to weigh in.
The United States had never planned for this situation. In order to secure the oil supply, Saudi Arabia agreed to trade with the US dollar (USD), and the US Navy provided the guarantee of safe arrival for their shipments. Before long USDA became PETRO-DOLLAR.
On the other hand,
to counter the influence of the Soviet Union, a strategy was implemented: nations that traded with USD would receive the same shipment guarantee. This led many countries to adopt USD for trade, making it popular hence able to offer better interest rates. Eventually, USD became so in demand that a significant amount of USD trading occurred outside of the US, without direct US involvement.
To replace the USD as the dominant global currency, certain conditions need to be met. Firstly, a strong navy is required to ensure secure shipment routes. Russian Navy pls don’t forget food and fuel. Secondly, an alternative currency with stable governance and trustworthiness is needed. Look at how Jack Ma lost everything overnight. Additionally, the currency must gain worldwide popularity and be easily liquidated. Try to buy a coffee at Starbucks with RMB. Lastly, it should offer low interest rates.
Until these conditions are fulfilled, I find myself still longing to lose 30 pounds, a goal I have had for the past 30 years, yet to be achieved
Great data and analysis....
Someone should tell Pat that the reason a lot of global trade is not happening in the Yuan is because China WANTS to keep using USD. This can change however in the future.
The US is Chinas "shredder" or "food processor". WE consume everything THEY make. They need us as much as we need them, either one of us fails we both starve. THEY make...WE buy. SAMD. Self Assured Mutual Destruction.
Why does china want to keep using the US dollar?
@raya7267 Same reason people use their old cars/clothes while waiting to get their new ones. The global financial systems are currently based on the USD. It will take some time to develop alternative systems.
In our continent (South America) we're starting to think of the possibility of de-dollarization in our economy. No more sanctions from the US will benefit us tremendously.
Bravo for South America 👍
I'd love for you to expand on this in regards to current news with who has the most gold, to our knowledge of course, and bricks and the Petrodollar.
Interesting to see (0:29) that all major reserve currencies have a similar timespan and the US Dollar seems to be approaching that timespan
The question is not of will its of when
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Aweosme presentation
Best video ever🔥🔥🔥
Do you think the U.S. dollar will collapse?
Don't sure until July
No.
I doubt it... Not yet anyway
Yes. I believe that between BRICS and the failed policies of the left the dollar will collapse. It is, as usual, entirely the fault of Big Government and those who worship it as their god.
It seems like every week theres a new country abandoning the dollar...most recently Brazil, Pakistan, Malaysia, Argentina, Egypt, Saudi Arabia, Syria, and now all the SE Asian countries ASEAN are taking about it. The new Uni-coin launched by the IMF(for the Euro) and XRP (for BRICS+) and the JPM coin for the US) could easily replace the liquidity that the dollar is needed for.
Keep printing that green toilett paper!! 👍
Great video PBD 💪🇳🇱
Outstanding commentary!
The US military says we are the reserve currency.
This is why the US military consistently missing recruitment goals is concerning IMO. Rome went through the same thing, and eventually couldn't field a military so they relied on foreign conscripts and slaves...until they collapsed.
the one that Biden wimped out putting gays trannies as leaders making people not want to join.
Pissing people off is a good long term plan? If we just took care of the strength of the dollar we wouldn’t need the bad plan of enforcement.
LOL THE CAVEMEN IN AFGHANISTAN SAY NOPE!
They have the draft. Get rid of woke bs. Increase pay and people will join.
Hi Patrick! On this subject, I think it would be really cool if could get Nicolas Toleb or Richard Ebeling to weigh in on it as well. Army Strong! 🤙🏻
awesome episode, very educational
Unfortunately its gonna be very close to happening or it will definitely happen.
The best competition to a digital currency, is to put silver and nickel and copper back into the currency. 5 silver quarters (pre 1964) are worth $15. To think you could pay someone 3 quarters an hour... and they would be making a great hourly wage.
yeah that will not happen until the world drops in population the more people the thiner the slice of cake for everybody
Thanks Pat!
Patrick always delivers well researched content 🎉
Who else would had thought this would happen when US abuses their currency as a weapon against other countries (Including Iran) to tell them what to do
Powerful!
BRICCS are suppliers not consumers it can’t exist on its own.
They are suppliers and consumers pumpkin. Russia sells oil, uranium, farm feeds. China Sells phones, electronic, chips, everything under the sky basically). Brazil has lots of mineral and they also buy goods from china. South Africa buys from China and they also has lots of minerals. India has lots of export too. So I don’t know what are u taking abt.
Basically in this world nowadays you buy everything from China as they made everything.
Now Saudi Indonesia etc is already lining up and apply to be members. With china and Saudi joining the force they already won half of the war.
@@mllex2018 the largest consumers for all of them are the US. They don’t consume enough from each other for this to last. They will become overstocked quickly.
@@mllex2018 this is grossly inaccurate information.
@@lokami2a807 the data May not be so accurate. The reason being every single trade of every country in the world is done in USD and this inflates the US GDP. However that might change soon with the de dollarization. Well the US of course might do everything in its power to prevent that from happening. But I could be wrong.
Thanks, I liked this one.
I was bummed to not hear you mention Bitcoin once in this clip. It really is the solution to this mess.
If you want to lose your money, you definitely need to listen to this guy.
no it isn't
BITCOIN COMES LATER ON THE TIMELINE
Great presentation as always Pat. But I'll differ with you on your conclusions.
All the earlier transitions from one reserve currency to another happened just as a result of economic pull. The dominant economy pulled the reserve currency status from the receding economy.
With USD today, yes there's no economy more dominant than the US yet, but the de-dollarization is by gov fiat. Governments and int'l institutions are deliberately avoiding and even dumping the USD even though it has all these strengths. And this is cuz US has weaponized the USD, can seize the USD foreign reserves of any country with the snap of a finger or sanction a country into economic chaos.
So, while there is no direct competition to the USD, it's Acceptability in the global market is eroding. The rest of the world is deliberately pulling back from the USD. If you re-do this analysis this time next year, you'll see a big shift and change.
It's already happening, the de-dollarizing and dumping of the USD has just started in trickles and the US economy is already sweating; inflation moving from crawling to walking. And countries continue to firm up alternative payment systems, the de-dollarization will continue to pick up steam.
It's not looking good for good ol America and America still tows the hardline on every global issue, does not listen nor engage just throwing around its offensive bully nature that doesn't scare anyone anymore..
Cocky and arrogance will lead to their demise...stay tuned.
I've been hearing a lot about Bware Labs and their innovative solutions for making Web3 safer and more efficient. Could you please make a video on Blast API? It would be great to hear your thoughts on how it's shaping the future of Web3.