The dollar is not collapsing, there's no great reset coming it's going to be bumpy and unpleasant, but when the dust settles, the us dollar is still going to be the king and the u.s economy is still going to be the king. It is what it is. Some people don't like that because they can't sell gold or courses some people don't like it, because they hate the us and the western way of life. But for both i say kiss my wife.

Are we headed to a crazy collapse, the collapse of the door, perhaps losing its reign as the world's reserve currency, a collapse of the u.s economy, crazy inflationary spikes, leading to a stock market crash? Is this the beginning of a cataclysmic failure event that we need to prepare for? Obviously, we just saw a bully go after we kid i mean we saw russia go at ukraine. We can't just ignore it, so we sanctioned them. That's the only thing we could have done. There was no other choice, i mean we couldn't just not react.

It's been called the nuclear option of sanctions. Western allies have banned several russian banks from swift in response to its invasion of ukraine. So the question here is: is this whole thing going to backfire on the us collapsing? The dollar essentially also taking away the dollar's prime position as the world's reserve currency. I don't believe the remnb will be a viable reserve currency uh quickly, but i do believe it'll happen much faster than anybody expects.

Now, i'm gon na tell you right away because i like to give the bottom line in every one of my videos. The truth is not as dramatic as the question may suggest, is this kind of the great reset, and is this the great collapse not entirely not exactly it's not as dramatic. The truth is always a little bit nuanced. Russia and ukraine are basically mega superstores of commodities.

We're gon na go through the list in a second, but they dig up from the ground and they sell it to the west. How will this impact russia, as far as will russia, go running to china and perhaps them with more countries like say, india start their own system to rival swift, maybe their own currency standard for commodities like we have the petra dollars, maybe for commodities they're going to Use yuan's, or maybe rubles or maybe rupees or maybe australian dollars. So the question here is: is the backfire element of these whole sanctions might be russia, china and many other countries joining to create a rival reserve currency to the us dollar, so russia and china potentially creating a swift alternative. It is plausible, very much so in fact they've done.

One they've created one, and you know it's almost a no-brainer at this point. Swift is no longer going to be a monopoly, that's kind of a given, and i don't know it's a good thing or a bad thing, but at least for china and russia, and anybody who wants to be on their side. Cutting people off of swift is not going to have the same impact as it had just before these sanctions, because they're essentially creating their own alternative system for anybody who hates the west. I guess now the other question is: will they create a standard to essentially trade in commodities? Because russia is the commodities warehouse of the world right? That's going to be de-dollarized and gon na be based on the chinese yuan, maybe or the ruble or the rupee, and will certain countries join and dethrone the dollar.

Now let me explain why i don't think that's plausible, while i think that the dollar status as the undisputed king is not going to be as strong as before, because we will see the dollar rise trading going on between china and russia and maybe india, maybe other Countries the thing is that the dollar has at least the us dollar has a cheat code, because the us dollar since 1974 - and thank you richard nixon for that - is basically insulated from inflation from a collapse from any sort of dethroning attempts. Because in 1974, opec agreed to go full-on u.s dollars, essentially every oil transaction in the world. That's coming from opec, which holds about 80 percent of the world's trade, is done in u.s dollars, which means hedging is done in dollars. Development projects are done in dollars, meaning hedging of development projects are done in dollars.

Everything that has to do around the world. All trade is basically done in us dollars. Eighty percent of it is done in us dollars now russia going aside and starting their own thing with china is not gon na be pleasant. Obviously, but it's not going to change that because look that solidified the us dollar's position as the world's reserve currency.

So the question is: will opec ever agree to change that and to go with the chinese iran? Well, for that, you need a few things that china and russia can't deliver it's as simple as that for a currency to challenge that for opec to agree that that needs to be currency. That's located in the country with the you know, rule of law yeah, not really in china or in russia with safety for investors. I mean the russian stock market has been closed for two weeks. I mean they're this allowing people to take their own money out, not to mention what's going on in china, where they make billionaires disappear and you know just erase companies.

So geopolitical unrest check, instability, check, wars, check, um, political concentration, check, complete lack of rule of law, checked, uh, modern banking or lack they're off check, so duan and and the ruble just don't have what it takes to take over the dollar and they won't have until They reform the hell out of their economy and their governments, which is something they're not interested in doing so, while they will go to. Maybe you know the yuan or the ruble for lack of choice for commodity trading, and they will create some sort of an alternative for the evils to trade on their own system. You know: 80, 85 percent of the world is still going to be on the dollar. The reserves banks are going to be in the dollar and, if that's the case, the demand for the dollar is always going to be higher than other currencies.

Because when you talk about the collapse of the currency, look there's two things that can lead to collapse. There's internal inflation: that's basically price driven! You know, loss of purchasing power in your own country due to you, know, money supply due to interest rates stuff like that that we always talk about. But the other thing is how the currency is traded versus other currencies, and if you are the you know the standard, if the us dollar is the currency in which everybody buys oil, the demand for us dollar by the physician is always higher, protecting it from inflation And protecting it from devaluation, protecting it from you know not ever being the world's reserve currency. So, while we're going to feel the pain and while swift is going to lose its dominance and while we probably head it to some sort of a bear market's less recession and the dollar is not going to be as dominant, i mean it's not as dramatic as Some of these you know gold, pumpers and doom, and gloom idiots will tell you.

The dollar is not collapsing. There's no great reset coming it's going to be bumpy and unpleasant, but when the dust settles, the us dollar is still going to be the king and the u.s economy is still going to be the king. It is what it is. Some people don't like that because they can't sell gold or courses some people don't like it, because they hate the us and the western way of life.

But for both i say kiss my white lada see you tomorrow, you.