The End Of The US Dollar | What You Must Know
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- Explaining how China is trying to end the dollar's global supremacy:
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The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Biden is not entirely responsible for whatever is going. The economy is cyclical, and things will definitely get better. The first rule of investing is to keep investing, whatever the economy is doing. That is how you make substantial gains.
l'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?
My fiduciary is Rebecca Noblett Roberts, a renowned figure in her line of work. I recommend researching her credentials further.
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 considering her resume.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires.I pray that anyone who reads this will be successful in life
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this
Well….. that was before…… not really anymore
Right back at you brother, I feel you 100%
My job sucks lol
They are only true millionaires if they withdraw all of it and it's tangible in a universal currency. Someone can be a millionaire online in a crypto but cannot withdraw the funds. It's happened many times. Just be aware of the risks as well as the rewards.
When decoupling from gold, decoupling from oil, and using currency as a weapon to embezzle the wealth of other countries, the dollar pushed itself off the cliff.
Excellent way to put it!!!
You mean the federal reserve note. This is not the REAL us dollar
@@luftwaffe6521 is there a true US Dollar???
Yup it did. Also helped spread injustice in this world
fact is: the last audit of the US Gold Reserves was 70 yrs ago (1953) seems a little overdue, no?
Thanks for the great information and I appreciate your advice. By the way, you did an excellent job explaining WTH is going on because prior to this video, I had no clue. I will share this with adult children too so they will start investing early and avoid the mistakes I have made. You’ve earned my subscription!!! 😊
There are decades where nothing was happening but there are months when it feels like an entire lifetime is happening. That is what is happening this year.
Absolutely agree
Like a guy whos seemingly healthy but now diagnosed with galloping terminal illness all its own making.The USA has only itself (by that i mean the US government) to blame, Now though the world will feel the after shocks
You should do a segment on what exactly happened to England when the British Sterling Pound lost reserve currency. This would give a small glimpse into the possible future for the united States.
This comment needs boosting!
Agreed! 💯
UK saved itself by investing heavily in becoming a welfare state, the loans given to it by the US, and cutting itself off from India and Pakistan independence of 1947, which allowed it to reinvest more post WWII into it's own nation. Then, the EU happened of course.
war!
like that of nato vs russia rn && china vs taiwan(basically nato ) again in some years........
Meanwhile, here in the US, we are arguing about sportsmanship in the NCAAW National Championship, Drag shows, Gun laws, Left vs. Right, and endless other social "issues." I really hope we can all band together and regain economic focus as a country.
YESSS! Because soon, we won’t have a base to stand on to even debate these issues if we don’t fix the economic problem… :(
@@Jekuyuytt6t5they’re using those ‘issues’ to distract the population with the passing of laws that destroy freedoms and policies that destroy economies.
Facts
@@ivorysulv young americans don't wan to work... wanna be influencers... Owning the libs and trashing the republicans is the main industry.
Bread and circuses. Most are asleep on autopilot.
It's not about when the dollar goes away, but when an alternative just as universal appears.
This already happened in January 2009 and one is worth about $28,000 USD today.
Petro-yuan.
@@tribaltrading2473 lol... sure dude... sure... everyone want a currency that dropped from over 60k to under 30k in several months.
but please... put all your money in Shitcoin and NFT.
Anybody that thinks RMB will soon surpass USD’s dominance simply just doesn’t know CCP that well……
@@洛杉矶的凯文同学 for what I see for now... CCP don't even plan actually to replace the dollar... is more like replace dollar with many other currency from each country. (basically like it was before the dollar dominance)
This was brilliantly put together. I've been following your videos for over a year now and with professional help, I'm making progress with my investments decisions.
@Maria jude you don't have a "consultant" 🙄
Crypto will crush
What's your mix like? I've been annoyed by this lately
Hello Benedict, how are you doing today.
America is the perfect example of crime don't pay.
🍿 Popcorn time
Excellent breakdown. Andrei is keeping it real with true facts!
Warning he’s full of BS
*FACTZ
@@khaledneanea1830 Gold and silver surge market goes down dollar is dying. It’s the facts. In Japan join the bricks so I wouldn’t hold your breath
JUPITER COIN MAJOR PRICE PUMP, BUY NOW?
You are by far the most rational, thoughtful, unbiased and genuine person with regards to money/investments while incorporating what is going on around the world (us) in general. You make so much sense. Thank you.
Out of all the videos I watched on the subject, I so apréciate your explanation. Really clear and diplomatic considering the high political tensions around the status of the dollar.
And you are right: the world did see how powerful the US is the moment it seized Russia’s forex reserves.
That did not work...plus it only shows a bully in usa
I agree thanks bro
Or is it the fact that this video puts you a little at ease😂😂😂😂😂
The world is tired of USA being a bully that is why they are hitting you back. Starting by taking down the dollar.
This indicates that the Americans are a group of thieves
Excellent brief and concise history lesson, really. But I don’t think I share the same confidence in the dollar at this moment. I would definitely be going for precious metals and BTC. That’s what I’m doing.
Convert to euro
In Gold & Silver we trust
Seriously, thank you for the history lesson and for taking the time to look at our world from a different perspective. It helps alot.
I sure do like the way you present your material. Nobody demonstrates caring like you do
Appreciate how you covered the facts, educated us, gave us some great tips and didn’t fear monger. Great video, and you cranked this one out so quickly! I trust your info in a time where it’s hard to find reliable sources. 🙏thank you
Didn't fear monger? Of course he is fear mongering look at the title of the video.
I second that. Thank you. I could easily understand what you were explaining. Great video!
@@heydoggychannel he’s just stating facts in the title, when you watch the video, he explains it really well. It’s definitely a situation that should have everyone’s full attention
Yes thank you 🙏🏽 we need objective information
The funny thing is that this is click-bait and it's not the end of US dollar. Most of the information he said its not true completly. Although some countries are taking measures against USD supremacy that wont affect it much. If the dollar declines it's because of US own problems, not due to China, Russia or SA actions.
Besides that, you have no other coin that could replace the USD in the internacional economy.
Thank you so much for this.. ngl I was panicking abt what to do if this happen but the way u break it down and explain has reassured my worries not I can better plan my finances more because of this
Bye bye dollar😂😂
The beginning of new era 🎉❤
❤❤
I dont see any changes in my money what so ever. If anything my money had gotten stronger so uh what propaganda have you been eating? Im a U.S citizen.
@@velociraptorblue866 wait and see 😊China to Surpass U.S. Economy, Reclaim Global Power Role by 2040, Intel Report Says. China is set to surpass the United States as the world's largest economy and advance down a path toward reclaiming a global power role within the next two decades, according to a new report by the U.S. Intelligence Community.
Cringe
nicely researched and explained, thank you Andre!
The USD might not die in short term, but US would not be able to keep printing more fiat money to support the deficit spending because the top 10 nations just don't have the capability to absorb anymore treasury bonds... well except one country which is China, and I doubt China would keep lending US money. So US is going to face a massive spending cut, high interest rate with high inflation for a long long time.
The new currency of BRICS may hit the dollar
Coming off the gold standard was supposed to be temporary.
Now we know it was done purposefully, and just a step in the process
Yup. CBDC'S and digital ID/ Social Credit Scores are the goal.
Income Tax was also meant to be temporary.
how could it be temporary if France and other European countries were buying up all the gold to intentionally destabilize the US dollar as a reserve currency? It was done so that the US could maintain is Reserve currency status, because at the time the US was still in the middle of a cold war. the cold war didn't end until dec of '91. Considering at the time the US needed to "convince countries to be our allies against the USSR. One of our key bribes was defense spending on its carrier fleets, to essentially treat ally ships as if they were US ships. This is what made globalization possible. without it mass urbanization of much of Asia, Europe and the Polynesian island chains today would have been utterly impossible. Consider that today many just in time supply chains that take multiple months just to ship (futures market), are done on gargantuan megacap container ships that travel at 18 knots an hour ( so amazingly slow, yet fuel efficient).
Every country that used the gold, has failed. If you try to use the gold standard, 12 countries will adjust the fiat currency and raid your country of all it economic strength. You would have ditch the gold standard and slap on tariffs and protectionist policy to prevent your country from economically collapsing..
It was the first step to decentral the US dollar under Nixon and the second step was under Reagen when derailed banks system in America.
circumstances today are very different from decades ago. The US debt is growing out of control and there are less countries that want to have anything to do with it. Also there was no country with a big enough economy to challenge US or an economic group with the might of BRICS.
the main thing we need to focus is that ... if something happens to any country ... other countries should not get affected
This is actually a well explained video. No click bait. Just facts. Good work!
It has a clic bait title tho.
Thank you for all the work you put into your videos❤
thank you for the kind words!
@@AndreiJikhhave a blessed week
@@AndreiJikh Good. The USA sucks
@@AndreiJikh wait wait wait, Petrodollar come after WW2 or in 70s?
Which one is correct?
He’s so full of BS wake up
Always loved how you explained things and what personal actions you’d take. Thanks Andrei !!!
I appreciate that!
JUPITER COIN MAJOR PRICE PUMP, BUY NOW?
Sure there might be some diversification in currency but that won't replace the reserve status. It will just be a tool to get oil. The things with the Dollar as a reserve currency (and now the Euro to some extent) is that you can spend it on things other then oil.
Not to mention that most of these countries are not stable and have conflicting interests.
Always appreciate your research and in depth explanations
I’ll say it again… every video is better than your last one… I applaud you from Warrington, UK.
Damn, dude. I can tell you put a lot of work into this one. Good job, magician man.
Thanks for that balanced and reasonable explanation, it's always difficult to sum all that up when talking to panicked people that fell for click bait else where. I'll send them this video from now on lol
TrashPanda he didn't do his homework. Notice he doesn't talk about the other currencies.
Those who were first will be last and those who were last will be first! The humbling is here!
...it's going to mean different things for different people. For the most part, the general public is just about their daily business and won't even notice. The bigger picture though, is a bit disturbing to me...a dollar collapse and hyperinflation could easily be the "excuse" the government needs to institute monetary control (probably digital currency) over everyone. With a little bit of digging, you could actually make a pretty good case for this all happening on purpose, sadly. Do your own due diligence though. Don't take my word for it
You put in a lot of work to come up with this, much appreciate it.
However, you never touched on the fact that many central banks around the world have been increasing their gold reserves the past few years.
Which points to the talk of new currency backed by commodities.
He left out a lot of stuff, actually. But, yep, that’s a big one.
This time is different, and the de-dollarization is inevitable, We are now on a critical historical point with severe power struggles and multi-polarism rising.
fantasy
@Jake Smith your sleeping
I have been researching this topic so much lately
Brics and the belt road initiative
Finally, a video or someone is actually talking sense, and not just trying to get clicks. Thank you I subscribed.
He begins this by listing a group of countries that are either in recession or in decline.
Lmao somehow they are gonna figure it out I guess 😂😂😂
The change from the dollar will be fast and drastic than you expect. There is a great awakening around the world recently and it doesn’t take long for everyone to quickly agree to move away from the dollar.
That scenario when you walk in the morning to see that the stock has fallen. A sharp decline overnight.
Keep dreaminf
You clearly have no idea how economics work. There’s no possible way for the dollar to fall that drastically over night
I agree it seems things are moving faster than they use to
That was crystal clear explanation man. 😊
I just wanted to say that I truly appreciate you, your the reason why I started my youtube channel in the first place. Thanks to you I now teach people about financial literacy and how to invest their money. Thanks once again, and I hope you could inspire more people just like myself to build a youtube channel. 😊🙌
U.S can only offer paper dollar and the world already wake up😂😂😂
nothing a little war can't fix
Key word from Nixon- “best interest of the United States” that means screw all the other countries except the US
Now other countries are screwing back US.
China will do the same
Yeeah
Every country does that
@@chryslerfordgm your the American that justifies everything, bc "America" is the one doing it LOL, poor idiot, can't wait to see all you stupid Americans humble your self to the world,
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $589k in months. You have to seek for help in the right places.
@Margaret It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
@@user-3456rtu That's amazing! My portfolio has taken a severe hit, so I could really use their knowledge. Who is the one directing you?
@@Blitcliffe "NICOLE DESIREE SIMON is her name. I initially came across her on a CNBC report then on an investment newsletter and at once searched her on the internet, best decision I've made to stay afloat these crazy times. She has been exemplary.
@@user-3456rtu I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
Andrei, you've received a fair amount of criticism as of late for various items, but I have to say, this video is why I subscribed to you several years ago. Factual, with a good dose of your own opinion, is why I still continue to watch your videos. Thank you!
You can't stop the dollar overnight its higher now than before
Monsters,humans, unicorns, Africans,Chinese, Americans and Europeans we are all the same
Listen to what he is saying this advice is gold
You explain everything incredibly clear and concisely. Thank you
Andrei! Great video and thanks for the advice. Many people making videos on this issue but not sharing what they are doing investment wise. Cheers my man!
Thank you! It's just what I'm doing which for my age, and my goal, makes sense for me, but it's not objectively the best fit for everyone
@@AndreiJikh you mean being a youtuber?
The money will never crash because power companies are still going to want thier money, mortgage companies are going to still want their money, excdera, excdera ,
What a wonderful site to see .
Andrei , thank you I was really worrying, coworkers at work taking about it , but you have the right information...
I appreciate the research you have done. Great video!
Thanks Andrei. I appreciate your content!
If true it does not mean I die...it means that I live to see what is next 👀👂👂✨
Gold is the real money. Not paper. We are returning to the age of Gold & silver as before as the standard
But they’re trying to digitalis it smh
Everyone has a different strategy. Best of luck to you young man. I'm buying some shiney stuff.
Hi Andrei! Thanks for helping more people to understand this! There are many factors that impact the US Dollar, that's why I am putting 10% of my wealth into silver and gold! 😎
REAL ESTATE IS THE BEST INVESTMENT
@@SassaFrass28 I couldn't agree more! I've made more money on real estate than any other of my physical asset investments! 😎
W. Buffet said it is silly to invest in gold. Andrei said his alternative to gold is bitcoin.
America is currently plagued by the hydra-headed evil duo of inflat ion and recession. The worst part about this recession is that consumers are racking up credit card debt. In march alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun.. Lloyd Bernard
Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.
Corruption is why a society's monetary system must be transparent, auditable, and accountable to punishment.
When you are up the only place you can go is down. that has happened to every dynasty, every super power, and every concueror and history will always repeat itself
The main point you missed is that it was very difficult before the age of internet to spread the idea of de-dollarization, alternate currency.
Now most people around the world have understood about petrodollar, gold standard, dollar hegemony, dangers of sanctions etc like never before.
In this age of technology, it is not difficult to replace dollar with a new reserve currency. It would have been nearly impossible a decade ago.
So once it starts happening, you would either see dollar collapsing rapidly or US declaring war against each of those countries against dollar.
Most probably. The next likely step is multiple wars..
What currency will take its place. What country will take the us place as main exporter of world goods. Most definitely not anything brics have. Maybe the euro
Saudi - Yemen
Russia - Ukraine
China - India / Taiwan
India - Pakistan
Destabalize Africa
Destabalize middle east
World needs wake up
America is the main "importer" rather than exporter. Apple is moving it's largest factories to India. The outsourcing has already been completed as far as America is concerned.... So no it is not impossible, and it would likely be a brand new currency, backed by assets.
@@Captain_Crump China
Many times in the past, countries have attempted to cut ties with the US dollar, but usually, leaders who did so, like Gaddafi, faced severe consequences, which prevented it from happening again. However, this year, several countries have stopped using the dollar for foreign payments, and the US cannot intervene.
I think you are misunderstanding history and how quickly change is happening, compared to more stable times. Ray Dalio is correct.
This is why those companies based in India are about to go crazy and are trending upwards.🤔
I have been telling people what your saying since last year
Here's something you must know: stop taking your financial advice from a magician.
If you wanna be successful, you most 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.
One of your best videos. Well done Andrei!
The only countries dumping the USD are China, India, Russia, Brazil, Malaysia, South Africa, and a bunch of OPEC countries. Nothing to worry about here . . .
France came up too
Knocks gold for Bitcoin
Thinks dollar will break the 100 year currency curse
Thinks reserve currency status will last our lifetime
*Down vote!!!*
And up vote to your common sense comment I thank you
Thanks dude. This is the clearest explanation on the Dollar thing that I found.
Been waiting on this one so much uncertainty
Excellent Video. A lot of our questions regarding USD as Global Reserve and other topics are covered in this video.
Please keep up the good work...👍🙏🙂👏
Thank you so much, I was about to put all my money into the stock market
One of the best videos i ever watched about de-dollarisation. I hope to see more videos from u like this.
The buying of US bonds dropped by a lot so there goes the legs beneath the table 😂
Keep it up my brother, love them vids
There’s no way people can’t give this video a 👍like! As always thanks man
You rock!
i look forward to seeing you in my notifications! excellent material, as usual.
Elon Musk has finally come to our rescue, if really he can turn SVB to a digital currency bank with good security, its gonna help lives.
Wow with the signs of time, we all need to get prayed up. The money change and now coming soon power outages. Everyone needs to get their heart right with God.
Pretty sure the Petrodollar was formed in 1974, shortly after Nixon unpegged gold from the dollar
Great video....but points to ponder... dollar is losing stability due to high debt to gdp ratio. Higher debt means more money printing required to service those debt. This was not the case prior to 2008. US had healthy debt to gdp ratio. Also, there was no superpower to challenge the dominance of dollar. BRICS countries were not well positioned to create new currency. Today they are and they can easily create gold/commodity backed currency. Finally, Saudi Arab has drifted away from US. They are willing to sell oil in Yuan
Thanks for educating us with great content
📩👆
2nd reason being that the investing in treasuries makes the dollar a superpower still: All of that would depend on how fast BRICS grows and if investors don’t jump out from those treasury bonds and invest in treasuries elsewhere which could cause the stock market not take a big hit
Very well explained.
I head-butted the like button. I was a little disappointed with Adrei about the crypto stuff, I never was a crypto guy. I am over that. He gives SO MUCH VALUE in these videos. Education and entertainment. Thank you Andrei. I just re-subscribed.
Awesome, thanks! Bitcoin and Eth is something I've followed since 2014 and I think it's a viable hedge investment. Even if it's not for everyone, but I don't push anyone to invest in anything
Now you see why Trump was getting companies to come back to the states to strengthen the dollar
you know that this process started during trump's presidency, right ?
Thanks man for making this - I was really starting to get worried that our dollar was going to turn into wall paper really fast. I have even made more than a few financial mistakes because I was in a "spend it or lose it" mindset. I do feel better after seeing this.
It’s hard to not get emotional about these kinds things but you owe it to yourself and family to remain calm but informed so you make better decisions. Peace and blessings be with you
it is going to turn into wall paper cuz its a paper without any value. print more, rip yourself. America should suffer for 100 years cuz of what she have done to the planet. Hope Russia will be the punisher. GL!
Warning he’s full of BS
do yourself a favor try not watching anymore financial videos for a week and you will feel much better and all the fear will go out the door.
@@xtremetech21 I’m actually gonna do that. It only cripples you too take action when you consume too much fear porn
Great breakdown
Keep printing that money, Joe. It's really working well.
Came for the info, stayed to have my fears confirmed, it is time to prepare for the end of the world. But then, it's never *not* time to prepare, so, y'know, it all washes out. Thanks always for the video and the info and now I know why they're called "petro-dollars."
Unless...a major conflict is coming😢
It already here..Ukraine is going to get hot soon
@@fallingdown9948 Plus China with Taiwan... 😰😰
@@henryjohnson-ville3834 they might hit Taiwan first but we’re the real target
This is promising, but it's going to take a long time for any changes to be made and for us to see any impacts
We are about to bring changes not seen in 100 years said Xi to Putin in their last meeting.
I think the changes you have mentioned will be seen much sooner than you think.
Do not measure the time it will take to replace the dollar based on historical data. The technology and connectivity is a game changer, the switch will happen a lot faster than you expect.
Learned a lot! Thanks!😁