Our currency is crashing and will soon no longer be the World Standard, which will be our greatest defeat frankly in 200 years. Hey, So a lot of people have been asking me about the end of the US dollar and what should you do about it? Should you be worried that your net worth and your retirement is basically going to evaporate and how could you prevent the loss of the strength of the U.S dollar And people keep asking me this because even though this video isn't personalized Financial advice for you: I am a financial advisor I'm licensed, I run an actively managed ETF I'm a licensed real estate broker and I run a real estate startup so I'd like to add my perspective. So the useful way to understand all of this is why the attacks on the US dollar are really starting. They're starting out of two frustrations: one gas and oil prices rising.

For example, why is the organization of petroleum exporting countries OPEC or sometimes called OPEC Plus when we add in other countries, why are these groups of countries essentially contributing to Rising oil prices? And what does that have to do with the dollar? Well, basically exporters of oil in those countries want to make more money per barrel of oil. So they get together and say, hey, why don't we just reduce production and then prices will go up and people will speculate that oil will go up and when the price of oil goes up, people can generally in America point the finger at the easiest person in the world to point their finger at and that's The President of the United States. The president of the United States is a Democrat and Republicans are not happy with the work that the Democratic President Joe Biden is doing. In fact, they haven't been happy since the day he was elected.

They certainly weren't happy when we withdrew from Afghanistan and they certainly weren't happy when on the day Joe Biden took office, he ended up withdrawing from the Keystone XL pipeline extension which would have delivered a larger supply of oil from Canada to the United States that was the expansion line that was canceled. The permits were revoked by the Biden Administration. So Republicans like to make the argument that Joe Biden is contributing to oil prices going up conveniently at the same time as OPEC is leading oil prices to go up, but it's easier to blame Joe Biden. It is also easier to blame the Afghanistan withdrawal and a weakening of the United States military strength.

Now, keep in mind, this video isn't designed to be partisan. It's not to say you should or shouldn't like Joe Biden and it's also not to defend him. Of course, a lot of responsibility is on the shoulder of Joe Biden when it comes to actions him and his administration take. the point.

Here is just to give you a quick background see: Republicans Now are arguing that Joe Biden's military in the Middle East has weakened so much that we're actually creating a power vacuum in the Middle East when we botched our withdrawal of leaving Afghanistan where on one hand, Joe Biden says there will not be helicopter evacuations in Kabul uh or Afghanistan and then what exactly do we have? helicopter evacuation, a botched suicide bomb attack that end ended up killing not only dozens of Afghan individuals, but also U.S service members maiming others from the U.S military, and a botched a CIA operation to actually take out the potential bombers, but accidentally instead killing a dad and some of his children in their front yard in a completely botched American CIA intervention. Yeah, these things haven't given Joe Biden the best reputation for military strength in the Middle East And why does this matter? Well, it matters because a country called Saudi Arabia feels less defended and feels like they can't rely on the United States as much as they used to be able to back in the early 70s. President Nixon actually partnered with Saudi Arabia and said hey, look, you sell us oil and we'll price it in U.S dollars and will promise to protect affect your oil fields And today we actually help confiscate weapons that Iran delivers to Houthi, Rebels Who attack Saudi Arabia or the United Arab Emirates. Now just to make it clear how much our standing with Saudi Arabia has shifted, Iran has recently agreed to attack less and that is support the Houthis less with weapons if and we're talking thousands of Kalashnikov AKs and hundreds of thousands of rounds of ammunition.

Iran has agreed to supply the Houthis less who attacks Saudi Arabia because Iran and Saudi Arabia are now trying to form an alliance so they can get along with each other because Saudi Arabia feels they have to take their own security into their own hands because the power player that used to be there America in the Middle East is no longer now. Why is this important? Well, it's important because Saudi Arabia has been trading oil to Us in Dollars and they've been trading oil with other countries in dollars as well. But now that Saudi Arabia feels like they can't rely on the United States as much because of a botched operations in the Middle East an anti-oil government which is basically an anti-saudi Arabia government via Divide Administration and the fact that over 70 attacks on the U.S military in the Middle East have only been responded to Via or with U.S military action three times, that is less than a four and a half percent response rate to military attacks on Americans or American contractors. Think about that when America gets attacked in the Middle East, now under the Biden Administration, it responds less than four and a half percent of the time.

So sure, while the United States under Nixon used to help protect Saudi Arabian oil fields in exchange for using the US Dollar a system which then became known as the Petro Dollar system That's a complicated but fancy way to basically say oil that's traded in U.S dollars Petro dollars. But don't get confused by the Petro dollar. just think about the U.S dollar. The more countries use the US Dollars, the more they're actually interested in holding our debt like United States treasuries.

The more they're willing to hold our United States debt because it gives them easy access to U.S dollars, the easier it is for us to fund our deficit. Well guess what? Another thing people are very upset about Joe Biden with the debt going up and the deficit. So what you can see is a very coordinated attack against the Joe Biden Administration Rightful or not, that's what's happening. You have the Biden Administration who's blamed for essentially higher oil prices via the Keystone higher oil prices, via the lack of our work with countries we used to strongly or more strongly Ally with like Saudi Arabia and the Middle East who now feel like they can't trust us as much because we don't respond to military events.

and when we do conduct military operations like that CIA operation or the botched evacuation of Kabul we fail which is an embarrassment to our military. Then what happens. Countries in the Middle East are less interested in being reliant on the United States. So what did Saudi Arabia just do? They just decided? You know what? we're going to sell oil to China and natural gas to China denominated in Yuan That is the Chinese currency rather than the US dollar that puts less less Demand on the U.S dollar.

Which means we have less ability to basically print money to fund our deficits, our debts in the country, and there's less demand for our treasuries, which is just a form of debt. Which means potentially we want run into a situation where we have to pay higher interest rates just to fund our government. So simply look how all of this comes together: Keystone Pipeline botched military operations, a lower usage of the US dollar meaning higher interest rates, And all of this together for the average American means higher energy prices, higher interest rates, more expensive for you to fill your tank of gas for you to pay your heating bill and your electricity bill, and more expensive for you to pay off your debts. Whether it's a mortgage on a home, a loan on a car, student loans, or credit card debt, everything gets more expensive for you.

Because of the United States is standing in the world Now Again, whether or not Joe Biden is solely responsible for this, doesn't matter. What matters now is that it's very easy for the entire medium to attack a sitting president because it gets views and it gets attention. and there's probably a good amount of Truth to what's being set. Although you can't trust everything you hear in the media, just like you shouldn't trust everything you hear here on the internet.

But think about this: When we just passed during a time of rampant inflation, an 80 billion dollar Chips Act which is basically a giant stimulus check paying for American factories for chips. we are essentially creating inflation by providing stimulus checks to businesses in America. Now on one hand, that's good because then we can have advanced Manufacturing in America and we can create American jobs. But it's really no different than sending a large stimulus check to a big business in a big Corporation rather than sending stimulus checks to individuals.

The same is true for the over 360 billion dollar Inflation Reduction Act spending. There are two parts. There's the let's hire 80 000 new IRS agents to tax Americans more and then let's also spend and then that's supposed to help reduce some of the expenses of this plan by over 700 billion dollars. But then we also have expenses of about 389 billion dollars for Energy Credit It's for electric vehicles and batteries and solar panels and wind and hydrogen.

Goldman Sachs Believes those expenditures aren't going to cost 389 billion dollars, they're actually going to be three times as expensive, which basically creates more inflation yet again. So once again, string together what's happening and ask yourself, dang, why is the dollar being talked about as losing value? Well, in an inflationary time, we limited our ability to supply our own Oil We're not taking care of our military in the Middle East We're not taking care of our allies as much as we should in the Middle East We are printing money to help finance the war in Ukraine At the same time as we're sending massive stimulus checks likely worth over a trillion dollars to American corporations who lobbied for it. Again, this is not at all designed to be an attack on a political party. It's simply a breakdown of why is everybody talking about the loss of value or the decline of value of the US dollar? Well, maybe it's the political items that I just outlined.

Or it's the fact that no currency in the world in the history of the world has ever survived going to zero. That's right, every single currency that has ever existed has gone to zero throughout the thousands of years of human history that we know of. Since after all, we didn't really start recording history until tombs were inscribed in the era of ancient Egypt. But since then, every currency that has ever existed has gone to zero.

So when people suggest oh my gosh, the dollar has lost over 90 percent of its value since the early 1900s. Yep, that's going to continue to happen. Politics might make it worse, but you know what else is worth keeping in mind, it might not matter to you. why not? Because in my opinion, the way every single person watching this video should protect themselves is by making sure that they invest in hard assets.

Hard assets are things like real estate or frankly, even stocks like shares of companies. Now usually we don't think of shares of companies as hard assets because we think of it as a piece of paper. but really, that's just a share of a percentage of ownership in a real business. Just like the deed to your car, the title to your car, or the deed to your real estate is just a piece of paper that evidence is your ownership in a real asset.

Generally, in my opinion, the best thing to do is make sure that when you have access Capital you invest it into Financial assets. The reason for that is even though right now we denominate real estate in dollars like oh, a house is four hundred thousand dollars or if you're in California a fixer-upper is a million dollars or oh, a share of Tesla stock is 200 dollars. Even though we denominate those assets in dollars, if in the future the dollar were to vanish and disappear, the shares of ownership of those companies that provide value and that real estate would still have value. Now you might be paid in a different form of currency.

Like maybe it's uh, Bitcoin or Ethereum or it's the Chinese Yuan or it's the Euro. Who knows. But it doesn't matter. if your wealth is in assets like stocks and real estate and not in actual cash, then it doesn't matter what the underlying currency is, you're going to end up trading your time for a currency of whatever it is via your job.

Maybe it's a different currency and your wealth should be protected by assets that are really currency agnostic like businesses or real estate. Now this is of course where some people will pitch hard assets like gold as well or silver and those are options as well. In fact, remember this video is not to give you personalized Financial advice. It's just to say that really the medium of exchange we use today even if the dollar is losing its value in the International Community in the United States is losing respect, its military is losing respect and it's International standing is weakening.

The fact of the matter is today, the United States is still the strongest economy in the world and I would never bet against American companies and American Properties Real Estate. So in my opinion I love America so much that it doesn't even matter to me if the dollar goes to zero because I'll invest in what has always made America great and that is American land and American companies and that in my opinion is how you can hedge yourself from the dollar. Now one final note: some people have asked me Kevin what about the Euro dollar? Okay, I'll make a brief note on this, but I Have to say if you want more perspectives on building your wealth, do check out the programs linked. Down Below On building your wealth I Even though again, I'm a licensed financial advisor, I've got these courses on building your wealth Link down below.

like real estate investing courses. Very similar to what we do in my real estate startup. It's like the blueprint for you. How to become a millionaire Real estate, How to build wealth, Investing in stocks, How to build a business as an entrepreneur, or even get a raise as an employee in the Elite Hustlers Group: Check out those programs linked down below.

you find a coupon code expiring. We do change the price over time. Price generally goes up, and that way you get lifetime access locked in at a lower price. and that's a benefit to all existing members.

So check out those programs linked down below. But on the topic of the Euro Dollar, let's keep this short. The Euro Dollar is something that really confuses a lot of people. The Euro dollar is actually much more important than the Petro dollar.

see: the Petro dollar amounted to trade of around four trillion dollars in 2021. the Euro dollar amounted to trade worth about three times as much in 20 21. Now that's actually really important because it shows. Even if we lost the Petro dollar, that is the oil traded dollar, foreign countries still use the American dollar a lot.

But what is the Euro dollar? Well, the Euro dollar is basically just any time a foreign country holds the US dollar. It's a fancy way of just saying US dollars that are elsewhere. Whether they're in Africa or in China or an embassy in California or at a consulate in Germany, it doesn't really matter. Any dollars that are traded anywhere around the world that aren't used for oil and aren't buy Americans in America are considered Euro dollars not to be confused with the Euro at all.

The reason I bring that up is because the Petro dollar again is one-third the size of that. So even if in 30 years the Petrodollar disappeared, as long as we're the biggest and strongest economy or still one of the biggest and strongest economies, that Euro Dollar is going to keep America great. Now do also remember in 20 or 30 years the odds are oil is just not going to be that important anymore. So should we really be worried about the weakening of the dollar? Not so much because we should be hedging ourselves with real assets.

Anyway, should we be worried about the weakening of America standard and America's economy? and American Politics? Absolutely. And that's why the best thing to do is subscribe to the channel here on YouTube and learn everything that I could share with you on not just Finance but also politics, productivity and Tech Thanks so much for watching and we'll see in the next one.