I have middle class family in Latin America, and honestly I think they have a better quality of life than me in the US. I have a pretty good corporate job as an accountant, but I feel as if the bills are never ending because everything is so expensive here. The life style is also better in other places, where you can get better food and walk everywhere instead of being stuck in a car for hours.

@brahmaistrash.indiaisatoil5292

Ай бұрын

Spot on . These are the reasons i moved back to Algeria after living 20 years in US

@TheMemin247

Ай бұрын

I just moved back to Mexico a year ago, after living in the US for 4 years, had a well paid corporate job, but my mental health was really bad. I've been enjoying life again.

@ik1408

Ай бұрын

You are absolutely correct.

@net2dev

Ай бұрын

@@TheMemin247 I hope to follow you very soon.

@mineralt

Ай бұрын

Yes, I say this every time I travel to Latin America from Cali. You can’t convince me the US is better now. Our govt is constantly trying to kill us here, for one. 😂

My brother is working in Iraq. They have recently gone through a huge disruption in production as the government said everyone can no longer get paid in dollars, it needs to be in UAE dirhams. Local workers went on strike. Eventually last week they were told sign on the dotted line or lose your job. They are back at work this week getting paid in dirhams.

@DefiWafer

Ай бұрын

dirham is pegged to the dollar. it's not a big change lol

@MohamadAlb

Ай бұрын

Forgive my ignorance, but isn’t the UAE Dirham pegged to the dollar? Wouldn’t that effectively mean they are getting paid in dollars anyway?

@user_cv8wysmstt

Ай бұрын

IAE dirham is pegged to US dollar, any difference?

@robstone4537

Ай бұрын

@@user_cv8wysmstt Dirham is pegged to the dollar so no real difference in pay. However local traders prefer to be paid in dollars, the Iraqi economy has become dollar based so workers don’t want dirhams. It is a government move to stop dollars being used in the country.

@hyhhy

Ай бұрын

@@MohamadAlb It doesn't have to be pegged to the dollar forever. Whereas the dollar will be the dollar always. Gives more political and economic options that don't exist with the dollar.

Happens slowly... slowly... Then quickly all of a sudden...

@fannyalbi9040

Ай бұрын

just like water dam. leaking leaking leaking then collapse

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂

@donhuang9855

Ай бұрын

This situation has been described as a "slowly boiling a frog" effect.

@MSDGroup-ez6zk

Ай бұрын

@@donhuang9855 If you see the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic have been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before

@Ouimundowhatsup

Ай бұрын

I hope so!

The future is decentralized.

@jenningscunningham642

Ай бұрын

Decentralization will not be allowed by any of our governments. They are all totalitarian. It is just to what degree.

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

@125discipline2

Ай бұрын

regionalised. globalisation is shit.

@nishanttomar7826

Ай бұрын

you are absolutely right,even poor countries will develop one good city in the future

@GolAcheron-fc4ug

Ай бұрын

can we just go back to trading pokemon cards like in elementary school?

We still need you alive bro!! Stop with the truth😂😂

@irvingflores4137

Ай бұрын

💀

@DrunkArtTeacher

Ай бұрын

They can't kill us all....but they are trying

@elfaridovic6721

Ай бұрын

💯 😂

@MeLodiCarAma

Ай бұрын

Don't stop. It's bursting all over the world. They can't stop the truth 🙃😂

@PCai2012

Ай бұрын

Mr Henderson now not just helping himself.. he wants to help his country man as many as he can before it's too late.. yup. Any matters not to be count only for money..

the reason the USD is the reserve currency also has to do with the fact that its military helps protect its trade interests.

@Ro-nu7vv

Ай бұрын

Investors trusts also … i mean Chinese yuan ? Good luck with that 😂

@user-ll8ni9uh3d

Ай бұрын

un coup de menace assasina et guerre tout ces morts pour votre papier de singe exemble ukrain apres c'est taiwan la guerre contre les brics pour votre démogratie bidon

@Vhlathanosh

25 күн бұрын

@@Ro-nu7vv um, the US has managed to stay this long because of its military and bullying though

@Ro-nu7vv

25 күн бұрын

@@Vhlathanosh yea the others (Russia, China…) they re so innocent

@SamuelSo1018

5 күн бұрын

现在美军和胡赛打的有来有回的，放二十年前可不敢想象😂

De-Dollarisation is already happening, thank God. Karma for the US.

@jamesbarrett311

23 күн бұрын

Maybe in your dreams 😂

@rajeshraj68813

14 күн бұрын

​@@jamesbarrett311you wake-up from your sleep 🥱😅

If you wore a mask during covid; all is well the economy is fine. If you want to feed your family I suggest leaving the country.

@josiah5776

Ай бұрын

Excellent metaphor!

@jes4gators1

Ай бұрын

You can't afford it

@MgtowRubicon

Ай бұрын

I wear a Guy Fawkes mask, because it is just as (in)effective as a paper or cloth mask, and far more symbolic, and the government facial recognition surveillance cameras hate it.

@DrunkArtTeacher

Ай бұрын

And if they voted for biden ,this is their fault

@josiah5776

Ай бұрын

@@MgtowRubicon Well played!

"Holding US Dollars is like holding ICECUBES"

@elantatan7

Ай бұрын

That’s cold bro

@fleurieuestates5764

Ай бұрын

Hahahaha

@Neeper78

Ай бұрын

@@Deltron6060lol and what’s the real inflation rate?

@user-cd3tq9ye2p

Ай бұрын

snowflakes 😂

@hhkk6155

Ай бұрын

On point 🎯

It's hard to predict the exact timing, but many experts believe de-dollarization is a growing trend. As countries seek to diversify their reserves and reduce reliance on the US dollar, it could have significant implications for global markets.

@donhuang9855

Ай бұрын

Diversity is the name of global trade and commerce; no more using fiat USD that entrap nations for the sole benefits of the US economy, via QE, Interest rate hikes / tappering, aka Debt Trap.

hold gold and silver instead of dealing with fiat trash that are worse than US dollars.

@bitcoinpoemspro1406

Ай бұрын

And Bitcoin

@user-mj2os1gn2e

Ай бұрын

​​​@@bitcoinpoemspro1406leave the boomer alone! Horses have been used as a mode of transportation for over nine thooooooouuuusaaaaand years!

@thailux6494

Ай бұрын

Like gold or silver aren't too a form of "fiat". The value of those metals is dictated by the market as well. They have no intrinsic value. I prefer trusting a fiat currency that actually is backed up by a government than trusting a random piece of metal...

@TDK2K

Ай бұрын

@@thailux6494 good for you, you do that.

@rip6200

Ай бұрын

Its decentralized no matter what the market says they have no control over the limited resources especcialy because of all the countries that hold it leaving it decentralized

Love your sensible, non-doomsday, "THE SKY IS FALLING" analysis that many other financial channels rely on to get clicks. Thanks! 🙏

@hipreference

Ай бұрын

The thumbnail says “End of the US Dollar?” with a burning greenback. I mean that’s hardly subtle.

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

@taroman7100

Ай бұрын

Yes of which they're as numerous as the stars!

Being proud to be an American is like being proud of having a luxury suite on the titanic after it hit the iceberg.

@soufiane4527

Ай бұрын

USA has a great history and did more in a shorter period of time than most countries.

@laillahilaallah001

Ай бұрын

@@soufiane4527 great history? Lol. Lmao even.

@soufiane4527

Ай бұрын

@@laillahilaallah001 Yep, 200+ years were enough to put their balls on half the world. I call that great. Not many country could say the same.

@syhuhjk

16 күн бұрын

​​@@soufiane4527 200+ years of America is nothing compared to 1000 years of the Roman Empire ..

NO NEED for a world reserve currency at all. It was more than branding back then, post WWII the US was the world's market and the market spoke. The free market still speaks, but the question is... who still has free enough markets to listen, today?

Ай бұрын

Bitcoin Baby 🍼💘🌎 but if you did Satoshi I would see you Bitcoin Financial Freedom., 🤔🇺🇲💯🌎👍 Bitcoin Rollercoaster 🎢 Ride ❤️

@donhuang9855

Ай бұрын

"Free Market" is only possible as long as the USA is winning on all fronts; however, when the USA is losing its hegemonic control over global trade and finances, free market economy becomes "self sustainable" planned economy under the guise of "national security", and "protecting the American way of life".

@adamselectricuniverse

Ай бұрын

Those who have always had the hegemonic control aren't losing anything... they are the ones rolling out the new CBDCs... and where are they located? That's right... they are located everywhere! Going where you are treated best is really all you can do.

Great stuff Andrew. I love how you’re basically having a conversation with your viewers and bringing up potential arguments as you go. You are spot on. Love these videos and the Nomad Dad videos too. 👍

@nomadcapitalist

Ай бұрын

Thanks for the positive feedback! We're glad you enjoy the conversational style of the videos and find them insightful.

In the 60s my father worked as a bank teller. 100 dollar bills were too precious and were locked in the vault.

@manoj1350

Ай бұрын

Because it's backed by gold unlike now it's just paper which central banks have full control and they print trillions a year

@la6136

Ай бұрын

And these days 100 dollars feels like 20

Actually for U.S. citizens living in the United States. The less international trading is done in the U.S.D. the better it will be for us. The reason why there is a never ending need to print more dollars and there never seems to be enough dollars for circulation within the United states ( regardless of how much is printed). Is because of the U.S.D being used as international trade currency. Because, it means there are always large lump sums of U.S. currency being held up in foreign banks. 1. U.S.D deflates in value within the U.S. borders (due to the volume required to meet global production/trade needs) 2. Lack of circulation of the U.S. currency, within the U.S. (since large sums are held up overseas.) 3. When these large sums flows back into the U.S. after adjusted inflation and public policies to compensates. The situation worsens as a sesaw effect sets in motion. Using a domestic currency as a global trade currency.. Is just a bad idea for any nation. An secondary "escrow" currency, should have been created for the purpose of international trade/exchange. A country's local domestic currency, should only be used within it's own boundries and should not be taken out of it's local economy.

Notice when Singapore was mentioned, on the screen always showed the 3 vertical buildings with one horizontal one on top of those 3 buildings? That is Marina Bay and it was formally owned by Malaysia, until the US backed and funded opposition took over the Malaysian gov by lying and making unattainable promises which they did not intend to fulfil, and then started to sell all the income generated assets of the Malaysian gov built up by the former Prime Minister who was subsequently framed and put to trial. An entiety in US openly admitted that they had bern funding that opposition for 15 years to topple that former gov. with the intention of ruining Malaysia. To top it all the DOJ, US announced that Malaysia was a kleptocrate country, but in actual fact US is the most corrupted and kleptocrate country in the world. Almost all the Congressmen are corrupted which now had been exposed by many independant media. US cannot see any country in this world grow in prospeirity. They would surely try to ruin the country.

@azlananan7998

Ай бұрын

Well said bro

@MeTechmind

Ай бұрын

corruption is built-in in us government as "lobbying". Kinda weird to have a system where "buying out politicians" is a feature, government is supposed to be for good of people, but in US it is for corporations really)

@rrsharizam

Ай бұрын

The US wasn't entirely to blame. The people were also guilty. Notice how much hate and slander these people spew over the past leaders? With citizens like these, the US didn't need to do much work.

@donhuang9855

Ай бұрын

In times of a world wide global military conflict, aka WW3, that particular building could be a prime military target as it could be mistaken for an aircraft carrier.

@cnachopchopnewsagency

Ай бұрын

You guys only have yourself to blame. You already have a long stable and good UMNO in government but you guys Malaysians yourself claiming nepotism and kleptocrat bla bla on UMNO and since 2018 Malaysia have never be as stable and reliable as before. Yeah, Malaysia still ok but pre 2018, Malaysia was a really solid stable country.

love the content and the book! tips for young people that just started working? things they can do to start off well?

Thank you! As always I Love your videos. You’re colourful and I loved the imitations 🥰

Great presentation. Could you please explain why Argentina wants US dollars.

@Fallout777

Ай бұрын

Argentina is moving in the right direction, they would be better off slowly improving their own currency. Hopefully their new President wil see this.

@erenyeagerist7681

Ай бұрын

​@@Fallout777 moving to $ is the right direction? What are you smoking? You are so high! Must be a murrrrikhan

@brianlowe3529

Ай бұрын

@@Fallout777they gone running back to China

@Ziegfried82

Ай бұрын

Because their new leader is a sycophant of the US/Israel. He claims to be libertarian but if you look deeper you'll see he's more "USA conservative". Not that all his ideas are bad, but trying to cling to the USD? Bad idea these days.

@sailfly2869

Ай бұрын

@@Fallout777it appears the green backs are more valuable than PMs there, but best of all it’s very stable and merchants like receiving it.

Hey, I'm a dual US UK citizen, could you do a passport comparison on these?

The US Dollar is not great, it's not doing well. Enough of the US interfering in other countries. It would be good for BRICS & other countries to export in their own currency.

@donhuang9855

Ай бұрын

More importantly, its going to be backed by GOLD or Commodities or some intrinsic values other than FIAT USD printed by the trillions in an open-ended manner.

There's one thing you didn't mention. Ease. Why do the world need reserved currency at all? Because it makes trading easier. The reason money like Brazilian hasn't been in anywhere used as much is because it's difficult to calculate value of the currency with goods outside the country. USD is already calc for that and been used to calc. So it's easy to use it. When ease vs well, ease wins most of the time. That's why I agree that USD will lose its status with some inertia. Last out, hurt the most. Reason being it is more difficult to use USD for some goods. One thing to push that is for US to cut China out of swift. When you want something, it will become difficult to calc USD to Chinese goods which are every consumables at this point. The more difficult it is, the less likely people will keep using it.

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

i went from uk to russia and the quality of life here is far better.

@ssuwandi3240

Ай бұрын

Because Russia gives two fingers up on carbon taxes

@manoj1350

Ай бұрын

Because uk loot is over uk is broke running on ponzi banking stuff nothing left in uk if immigrants stop the uk eill collapse if they don't uk will have crimes skyrocket 🤣🤣

@manoj1350

Ай бұрын

​@@ssuwandi3240 no uk loot dried up and only banking services are keeping it alive soon it's going to collapse because asia is breaking the tunnel British built for white washing dictators money

@mynick80

Ай бұрын

Are you intellectually disabled?

@mynick80

Ай бұрын

Quality of life but for someone who sells their property in the West because in Russia this property is worth more and you can afford more for the money earned in the West.

Many thanks for your work. Always top notch videos.

@nomadcapitalist

Ай бұрын

Thanks for watching!

Thanks for the insightful video! I wonder, what would happen if the US stops protecting the seas, as USD becomes less relevant in global trading and, thus, it wouldn't pay off as much as before? What would happen to other growing countries with regards to trading?

Question-I live in Cambodia which uses the US Dollar as their main currency. I transfer my monthly Social Security funds from Fidelity via my debit card to withdraw US Dollars. When the US government switches to a digital dollar then how will I be affected? That being the case then would I only be able to withdraw the local currency only?

@jadenburns2656

Ай бұрын

Everything’s off the table at that point once the digital dollar is here most of us will be slaves to a fake dollar that can be traced from anywhere as well as manipulated by those in power if I had any advice I’d say learn how to hunt/fish

MY post dollar portifolio 20% gold 20% silver 10% miners 2o% foreign real estate 10 % foreign stock 10 % us stocks. 10% cash I am a retired gringo in mexico. THE BIGGEST threat to my finances is the falling usd. MY SS check and pension are in usd. I need to move usd out of my Ira and into places the us gov has a harder time reaching. Any thoughts??

@meatandsatoshis

Ай бұрын

all shit compared to BTC

@gringo848

Ай бұрын

@@meatandsatoshis actually I have 10% btc. Where did my numbers go wrong?

@hrhtreeoflife4815

Ай бұрын

Q I had a similar setup. Dual citizenship. Passports. Turned out 😂 I returned to the USA. The theory sounds good but in practice, the USD is the cleanest dirty dog 🐕 in the neighborhood. Keep cash. Get interest in a CD. Buy extra food and practical items. A good 2-3 years....and a bit extra for trading and bartering. My experience with gold and silver. Cash loss 📉 of 1/3. You must include premiums and for sales tax, in addition to spot price. Also, a rapid price increase = more 😂 people realize profit. Reality=> gold shops close their doors 🚪 😂just when you want to sell. No one to sell to. Q❤

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

@meanmartine97

Ай бұрын

Add bitcoin bro

I like your painting or print that is behind you in the second video view. It is very pretty.

it is called death by a thousand cuts, ironic that most of the cuts are self-inflicted.

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

Very interesting perspective. I’m currently in Colombia and have been considering making this my home base, for reasons not mentioned in this video. However, it may not be a bad idea to have some assets here as well. Thank you for sharing.

@nomadcapitalist

Ай бұрын

That's wonderful to hear! Colombia can indeed offer many opportunities, and diversifying your assets can be a smart move. We have talked about it in this video: kzread.info/dash/bejne/aIqCybqNiL2TgNY.html

Thanks Andre, I agree

I wish I knew how I could invest in Union pay. I think it will become the dominant payment method soon.

The problem of having a reserve currency is that it has to be better to have cash than to invest in production. In BRICS if you want money you need to go through the effort of producing, or in other words, be a hard worker to earn the money. In the west, interests and capital gains become an incentive to not produce, because manufacture becomes a bother. But no production is the best formula for inflation.

America is printing money through dollarization. It means it exports its inflation world wide. The question is why do you want to buy using USD if it makes you poorer. Buy oil from countries that dont sell it in USD or delay buy it. The more you buy oil or goods in USD, the faster you get poorer. For example in 1997, in Indonesia (not my country), 1 USD = Rp 2,000. When Soros came manipulating USD, 1 USD = Rp 16,800. SOros to make the manipulation faster, he hired media and NGO to create a hoax that there was not enough dollars in the market. Thus panic buying happened and the USD hit 1 USD = Rp 16,800. If those stupid people in the NGOs and stream media did not buy it, no one would buy the USD. Thus there would be no panic buying that made USD expensive. Mahathir instead, has shown that USD demand can be manipulated. When the USD was expensive when Soros came, he made a decision who could exchange the USD for example he prioritized students living overseas to get USD easily than companies. By doing so, the USD demand dropped significantly. Historically, petrodollar only occurred in months, not years. Meaning, if you avoid buying goods in USD such as oil, the USD will drop significantly. If you see the 18 April 2024 Bloomberg report. China, India and Indonesia contributions to the world economic have been increasing sharply. China now supports 21% of the world's economic growth, India has 14%, the USA is only 11% and Indonesia is 3.7% while European countries contribution is about 0.1 1o 1% only. This figure shows that the world doesn't need the USA and European anymore. Trading in between China, BRICS and global souths is enough. Now the USA exports inflation world wide through petrodollar. This inflation would make your country poorer than before. For example in Indonesia (not my country), in 1997, 1 USD = Rp 2,000. When Soros came 1 USD = Rp 16,800. This means overnight when the USD was manipulated, Indonesians wealth's were dropped by Rp 16,800/Rp 2,000 = 7x. The question is why do you want to trade with the USA if the USD is manipulated and makes you poorer instantly. As petrodollar is being used now, thus it is good to find countries who sell their oil not in the USD. If you buy oil from countries who sell in the USD, you just make your countries poorer. Mahathir when he was a Malaysia PM, he found a brilliant way to beat Soros. He asked all entrepreneurs in Malaysia to bring the USD back while he reduced the demand of the USD by prioritizing who can exchange Ringgit with the USD such as Malaysian students overseas. This Mahathir's way then was adopted by China nowadays. When the USD is manipulated, kill it by reduce the demand. When no one buys it, it will drop significantly. Remember, when you trade using the USD, you just make your own family poorer then before

Yeah, why use USD for Nomad Capitalist Live in Kuala Lumpur? Since it is held in Malaysia, why not use MYR?

uae dirham, or saudia riyal - all directly connected to USD

Cross rates on USD to our local UYU currency are a third to five times less than the cross rates for all other currencies. Using anything other than USD means giving more of your money to the casa de cambio.

Love your content. It was instrumental in motivating me to get other residencies and real estate abroad. If you want to see the frog in the boiling pot thing at work just spend some time away in another country and then come back. Just got back to Canada after a winter away and cannot believe the disintegration that has taken place in such a short time.

About sanctions, you need to ask what sanctions. Most sanctions are usually individual ones (frozen assets or travel bans), or bans in trade of arms and dual use goods. I mean, look at russia, over 80% of all sanctions are individual ones, placed on oligarchs, the rest are mostly sanctions on russian companies that take an active role in the invasion of Ukraine, small part of sanctions are actually placed on country itself, and these are just bans on trade of things that help russia in their war like steel, dual use products, electronics, ect.. Sanctions are very rarely used in a way that would harm citizens.

As a cold war veteran now retire in Hong Kong, operated business all over China as well as internationally. I can feel your pain by knowing very well Hong Kong will absolutely replace Wall Street with China as the prime driver as the global economic leader in decades to come, yet you have to be very careful with what you say because of the attacks from all the news reading zombies.

De-dollarization can help end all these wars we get into 😮

@kotenoklelu3471

Ай бұрын

You have no clue, aren't you? If American empire starts wars, it doesn't mean that wars stop with it's disappearance. It's like Soviet Empire was in worldwide revolution and were helping out communists all around the world. No one helps communists nowadays. But wars didn't stop. They happened inside Soviet Union itself. So you can see wars in the West itself (EU, Japan, Australia, Canada, USA...)

@swakal8868

Ай бұрын

Printing machine re routes these printed dollar to war companies via fake wars

@malengcraft7757

Ай бұрын

​@@kotenoklelu3471well yeah, but see America always wants wars, because of money ofc, they especially like to fight Middle Eastern.

@champspec

Ай бұрын

Nope that has nothing to do with it… the wars are not started because of the currency. Its called the military industrial complex. They are contracted with the government that has the most weaponry and strongest military in the world. Their business model makes money by starting wars. Alot of money. It comes by way of Tax dollars allocated through corrupt policy makers. None of the tax payers agree with it.

@johnh6137

Ай бұрын

You'd get hyperinflation and massive poverty. Long live the dollar

This Man tells the Unbiased Truth plainly

11:45 - Facts! "Are there really 4x bad people as last year?" - sanctions-wise.

Please tell should i leave my India passport for Canadian one ?

Absolutely correct.

If it is made of Paper it is not Money, it is an IOU for Money. Real Money is made of Metal and says "Liberty" on it.

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

If I went to China I could buy a BYD Tesla look alike for $10,000. Shipped to the USA, if the USA allowed it, I would pay 25,000. With tariffs added if it was allowed in the USA it would be $75,000. This screws the average American around $50,000 dollars. I realize the numbers aren't accurate but are a close proximity. Tariffs save jobs but is saving a job worth it when it makes manufacturing lazy here?

@laurenzkahlenberg552

Ай бұрын

The US had more or less free trade in the last 30 years. The results are the manufacturing decline that has led to some of the biggest problems in the US.

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

@dealman3312

Ай бұрын

Dude look at the tax on importing a car in China 😂

{}[]/\ nations are sick of imported inflation again and again (because of Over-Printing U$$D), disrupting their economic growth... while us enjoy their spending spree without feeling guilty/shame for the world... world-wide de-dollarization is inevitable and imminent, or is it?

@Madame702

Ай бұрын

The problem is when you go off the US dollar you must use your gold reserves and it also causes a lot of "inflation" that why for now with high oil prices no one wants to go off the US dollar not even the Chinese.

How about the Bradbury Pound principle!?

Bring it!

I wonder how much is the US debt now.. if it goes too high how will the confidence in US T-bills...

Game Over!

Good video, keep up the good work!

@nomadcapitalist

Ай бұрын

Thanks!

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

Do you think it is worth getting a BRICS passport, since they are introducing a somewhat gold pegged currency which can possibly overthrow the dollar?

In and of itself the requirement for people who, like you, seek to diversify to protect their assets against the instability will make the decline of the dollar more parabolic than linear. So what was 4x diversification over the last few decades will be 40x over the next.

I see 3 reserve currencies with a currency above that for reconciliation.

@homerflesher7426

Ай бұрын

BACKED BY WHAT 🤔

Very good video.

held to maturity!

A basket of goods, within gold oil,... would be a way more recurrent worth to adapt your own currency to, then a currency , specially an indefinitely expanding one - and would provide stability to all of us humans

The Georgian currency won't become the world reserve? I'm of the opinion that the most absurd of the possibilities is the most likely, or the most entertaining of possibilities is the most likely. A trust? California is looking at taxing unrealized gains in trusts.

I agree with a lot of this content. Please state the facts concerning the Eurodollar! I follow Jeff Snider and Brent Johnson for much better insight and depth of understanding the Eurodollar

Try the Aussie dollar. It's worth half a euro. You lose so much travelling around Europe :(

If I had a billion dollars I would do all kinds of things to protect it, just like you suggest. Unfortunately I don't so I just try to keep my country as safe and prosperous as possible and hope like most people that the world is not going to shit soon.

You do a very good Trump impression 😂

The USD will still be one of the Reserve currency for global trade and commerce albeit at a much lesser dominating influence, as the rest of the global trading economies have diversified to a few alternative global trading systems that give them more financial flexibilities, more political independences and control of their resources.

The fact that the question in the title is WHEN, not IF, tells it all.

He went there. 5:28

@GalacticallyHatesCorporatism

Ай бұрын

Chyna

India just posted a few days ago that they traded with their Rupee and was Shocked How Much they Made! They had Jaw Dropping Trillions Trade that equal to Billions in USD!

When will de-dollarisation happen, you ask? It's already happening.

I like what Michael Saylor said about the dollar. He said it was an ice cube and Bitcoin is the only solid asset. Gold devalues when the price rises due to more gold mining as well as hidden gold reappearing. But Bitcoin is programmed to deflate in half every 4 years. No asset does this.

@Island_man

Ай бұрын

😂😂😂😂 gold devalues, I guess you live under a rock 🪨 😂😂😂😂

@Ziegfried82

Ай бұрын

Gold has never devalued historically. We are talking thousands of years of written human history. The only way gold would devalue is by mining asteroids or other planets...or if a giant meteor made of solid gold crashed into the Earth. You want to invest in Bitcoin, fine. But don't misconstrue things.

@sailfly2869

Ай бұрын

I’m in the USA and being involved with PMs and ETH cryptos I’m not seeing it yet. Are we not watching the dollar index with the two top influencers being the Euro and the Yen that aren’t what they were several years back.

I notice a lot of dancing around the Indian Rupee. You mention every other currency in Asia except that. I wonder why. Gujarat’s GIFT city is emerging as a cost-effective alternative to London and New York as India -based Companies look for financing their expansions. What this will do in the mid-to-long term is that the GIFT city can potentially finance these expansions of Indian companies into other countries in their local currencies, completely bypassing the dollar. If i am an india-based company wanting to expand in the Philippines( say) I could potentially do it a lot cheaper through GIFT city in the Philippines with a bi-lateral exchange rate with the Indian rupee (say) leaving the US Dollar out. There is a tremendous expansion in entrepreneurship financing going on now in India, Vietnam and the Philippines these days, and everyone is looking to manage their financing costs a lot better. The bilateral exchange rates could simply be based on gold, or bitcoin, for example, to avoid uncertainty in currency fluctuations. When these kinds of transactions start to multiply, then it might actually help the US dollar stabilise at a lower level, and help America too.

@knaraya936

Ай бұрын

Yes I can lease a car for my Company use overseas, but when I come back to the US why even bother to own a car there with high leasing costs and insurance? Same in Singapore. I can simply Uber around and lose those highly expensive car ownership options.

@Ziegfried82

Ай бұрын

A lot of people are underestimating India, very foolish IMO.

@thelonegerman2314

Ай бұрын

Good Riddance to the United Hates of America and the World Deserves A new Currency 😅😂😂 World War 2 Was over 78 years ago

@Madame702

Ай бұрын

India has the 4th largest US dollar cash holding. So India is not looking even be a regional currency. Indian currency is mostly only for India not anyone else. Even the Russians don't want any Indian rupees. They already got too much.

Quite simply, the west is in decline. Is it so complex to understand that the only American Exceptionalism was our credit rating at the end of WW2? We are now in 35 trillion of debt that can never be repaid. The party has been had by others and now the smart people are looking to move someplace where the crime is low and you can actually enjoy some peace. For me it was Freeport in the Bahamas. If I ever have to travel back to the USA it will be too soon. I miss it zero.

Fed's dollar was once a powerful tool based on an old American exonomic and mimitary strength that today no longer exist. Besides, the moral decay of the so-called american people only makes the Fed's debt green never to be repaid notes not just weaker but also despicable.

@symo9097

Ай бұрын

Iran started the dedollarization movement in the early 2000s.

This person is 💯% true I agree 👍

Will Malaysia ever be the next Singapore?

@UmarWazir

Ай бұрын

Too big. Singapore is a city state. MY is a whole-ass country. They put a lot into educating their people, so they are likely to be okay.

I love your info Bro. We need to ask why Sadam and Gaddafi were offed? They both said they didn't want to sell their oil for US $s. They were making 381 billion(at 1 cent per US $) when everyone uses it. That partily paid for their millitary. Now that's coming down a lot. Watch your back.

@OmarOsman98

Ай бұрын

That’s not the reason why there were deposed.

US260B worth of trades in BRICS was done without using single us dime, and counting. That is new

El Salvador is the next Singapore

@MisOjosSePasearon

Ай бұрын

Nope

@robertocurry1386

Ай бұрын

I agree

@Treasure_hunter_21

Ай бұрын

Why? Pls elaborate.

@peteosowski5788

Ай бұрын

@@Treasure_hunter_21 Tax free for foreign investors Easy to acquire residency One of the safest countries with the lowest crime rate in the world Crypto friendly Nice climate

@robertocurry1386

Ай бұрын

@@Treasure_hunter_21 they basically obliterated their crime rate within two years by locking up all the gang members. Their president was also buying loads of Bitcoin for their country back when it was around 30k. First country to legalize Bitcoin as a form of payment. Their president is putting them on the right track

There is also alternatively we just have to adapted to it.

Bitcoin is unclaw-able. Thank you for the content. You’re a voice in the Western wilderness.

Right now. Don't think in percentage of world economy. Think in terms of percentage of exports to the world by a certain country.

Not Soon Enough

The fact that all stablecoins peg to USD instead of the globosouth currencies speaks volumes

All Kingdoms have and had their prime glorious era. However they come to an end of their life span. Base on the USA trajectory, is inevitable that they'll miss the mark of their fall. Dollar is a good indicator.

Recently heard 1/2 of all Americans now have a passport - up from a historical 15% for decades ! Wow -- people looking elsewhere for a lower cost of living - and finding it in many places all over the world. Most of them obviously are not a potential client of yours. The $ is seeking where it can get treated the best.

Theres a video that just came out in which the question was given to Bidens economic advisor which was, if the US can print their own money why don't they just borrow from them selves. His response was commical .

The problem is that all the big alternatives are unstable both politically and economically. Small prosperous countries like Switzerland, Norway, Australia, and Singapore will always be options for investment.

I wonder the same thing.

It's happening slow then fast.

Counter point: Costa Rica is now considering dollarizing.

Though andrew asserted that today is the era of de-dollarisation but the stats still suggest the exact opposite. Until the petro-dollar system collapses could we officially state that the dollar is flimsy. For the next 2 decades, it will still maintain its supremacy and dominance.

@Ziegfried82

Ай бұрын

That's a huge assumption with the state of the US government today.

@chewie1382

Ай бұрын

If a country/wealthy man or company tried to dedollarize slowly, there would be signs : buying more gold and less US treasuries. Spending dollars to acquire assets, invest in infrastructures, and so on. No one is jumping the fence yet, but keeping doors open.

Euro exists for a long time

I think its good dedollarization is happening, because that way, I can travel around the world, and not worry if I have enough dollars.

When? When you can show me a BRICS note.

After the dollar gets hyperinflation it will not be replaced by another fiat currency, only Bitcoin would be trusted after that.

What is worse than betrayal of trust?

As someone who has nothing to do with neither of the sides involved, 90% of the countries in the world couldn't care less about what's going on with Ukraine. What they care about though is that they woke up one day, and realised that this stuff they have been using for trade and have been amassing is actually poisonous. Pretty much similar to when people figured out that asbestos is poisonous, and everyone had it on their homes. Only switch asbestos with arsenic in this particular case.

But the currencies of the UAE 🇦🇪 and Saudi 🇸🇦 are pegged to the US$.