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Right since World War II, the U.S dollar has been the dominant International Reserve currency and has been used as the Benchmark for global trade. But over the past few months, there's been an increasing number of countries looking for Alternatives Russia and China in particular have been buddying up on many fronts, but they've also teamed up with other nations like Brazil India and South Africa and they're creating a process for creating a currency. Last month, China and Latin America's largest economy Brazil reached their own deal to dump the dollar in transactions between the two of them and will now trade in their own currencies instead. Even Saudi Arabia has said that it's open to the idea of trading in currencies beside the US dollars.

But why and what does that mean for our economy and your wallet? Let's ask business and Market analysts says Denton and financial analyst and YouTube Star Kevin Pafrath. Um, Kevin I Want to start with you I I've not gotten more text emails to my website to DM saying what's going on here. The the US Dollars almost 60 percent of total foreign reserves as compared to the Euro. I mean what? How big is this of a deal that the U.S that they're considering a realistic alternative to the US dollar as a reserve currency? Yeah, absolutely.

Look, thank you so much for having me first of all, but we want other countries using the dollar because it makes it easy for us to raise more debt. and that's what we keep doing. We keep raising the debt limit. If we can't do that anymore, we might have to start cutting funding, which maybe Congress ought to do that.

But why is this happening? That's the big key. The big key as to why this is happening is we're losing our standing in the world in the Middle East The Americans have been attacked 78 times since we left. Afghanistan We have responded to just three of those attacks. We are becoming an embarrassment in the Middle East Saudi Arabia doesn't trust us anymore.

So now instead of relying on us, they're actually starting to partner with their former enemy Iran and they're trading the uh, their oil with Iran in other currencies. That's what they're doing with China with natural gas as well. And yes, other countries are talking about other currencies the grand scheme of things. The petrol dollar is about a four trillion dollar market out of 12 compared to the international dollars used so long term.

probably least something that slowly is a slow candle of an issue for right now. Yeah, it's just a sign that we're weakening internationally when we can't stay on this path, right? you know? Seth Donald Trump Yesterday posted on on Uh, Truth Social, he said China's trying to displace the U.S dollar as the number one currency in the world. So here's my question: I mean how realistic is it that people would want to take go out of the U.S and go over to a place like China Which I I mean I Got to be honest with you regardless of of how concerned you might be about the US dollar and our debt. Uh, do you really want to be putting your money in China's currency? No.
and these countries don't necessarily either. The This: These are part of larger trade deals. This is expansion of China's belt and Road initiative where they're going into these specific countries and doing infrastructure build outs. but in turn for doing that and growing their trading partnership, they have to switch to the digital you want or they want and that's what's going on here.

Uh listen. China actually sets their currency rate based on the U.S dollar and our Fed raising interest rates has hurt their Yuan in this past year. so this is a long way to go. I Think Kevin makes a great point.

it's still 60 and you did two. Sean We're still 60 of global reserves. This is a long burn, but we've got to start looking at where we can make investment because China's belt and Road initiative? That's a 100 year plan. We won't be here, but our kids and grandkids might be and we need to think about them all right.

Kevin Real quick. How if for the average investor for the average American is this going to affect their their well-being Eventually the dollar, just like every currency will become worthless. We don't know if that's in 10 years or 100 years. The best thing to do is own assets, stocks, bonds, gold, real estate.

get out of the dollar. You make money invest it. It doesn't matter if your house is sold in crypto in the future. Dollars or Renmin B Chinese currencies.

just get assets and then forget the dollar. Okay, uh, Seth real quick El Salvador Went to Crypto. seemed to be doing well. Is that an option? No Stay away from the Fool's Gold Avoid Crypto.

That's funny. money. don't chase it. Okay, all right Seth Kevin Appreciate the uh, the insight and advice.

Good to hear from you both. Thanks Sean Thank you you met. All right coming up. legal embarrassment, even.


By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “The failing us dollar sean spicer confronts meet kevin”
  1. Avataaar/Circle Created with python_avatars Rodiculous says:

    I like how Kevin does these interviews exactly like he does his videos

  2. Avataaar/Circle Created with python_avatars Billy Wermerskirchen says:

    They actually used a quote by Trump as fact, not the source Trump used, if any. Kevin, don’t damage your brand on these guys. All they do is fear monger. You’re better than this.

  3. Avataaar/Circle Created with python_avatars allen says:

    😂super happy there

  4. Avataaar/Circle Created with python_avatars Redacted says:

    Lol newsmax propaganda network? Why you turn freak show?

  5. Avataaar/Circle Created with python_avatars S. Moore says:

    Encumbered assets won’t cross the chasm. The only non-encumbered asset is legacy protocol Bitcoin. Note the current impostor Bitcoin will go “poof it’s gone.” I have explained this in great detail but nobody pays attention.

  6. Avataaar/Circle Created with python_avatars Bitcoin Ape #127 says:

    That guy is going to be broke 😊

  7. Avataaar/Circle Created with python_avatars German Shepherd Daphne Channel says:

    Please! Crypto is safer than anything! Unless u have gold bricks under your floor! Government can’t touch it

  8. Avataaar/Circle Created with python_avatars EMP ERROR says:

    idk i think the dude on the right missed the bottom of BTC lol

  9. Avataaar/Circle Created with python_avatars Pedro Lockup says:

    I agree with Kevin! If there’s a threat to the Dollar$ gold, stocks and crypto will benefit.

  10. Avataaar/Circle Created with python_avatars Charles Fuchs says:

    Scammmer fuuuuck

  11. Avataaar/Circle Created with python_avatars mushaf munas says:

    Who cares about the shit dollar anymore. If you want trade, come to papa now. Saudi , China, Russia and co..

  12. Avataaar/Circle Created with python_avatars mushaf munas says:

    German called American pafrah, talking shit here 😂😂😂😂

  13. Avataaar/Circle Created with python_avatars WGP says:

    Fools gold right yet 10x your “real golds” value. Get up to date or be broke.

  14. Avataaar/Circle Created with python_avatars ShapeshifterOS says:

    People may not want the Yuan, but the gold they back it with now on the other hand.

  15. Avataaar/Circle Created with python_avatars Mark Pachol says:

    Basel 4 Started January 1st Gold Backed Money 💰 🤑 💸 👌

  16. Avataaar/Circle Created with python_avatars Mark Pachol says:

    Executive Order 11110

  17. Avataaar/Circle Created with python_avatars Golf Jumper says:

    Great PR, great overview!

  18. Avataaar/Circle Created with python_avatars Karaoke Vic says:

    I think Kevin tries too hard to smile big and talk fast in these. The other guy seems more polished and I would tend to believe him because he doesn't look like a salesman.

  19. Avataaar/Circle Created with python_avatars rmdebla says:

    Regarding oil, it's been: Why use ours when we can hold it and buy from others. Well… When the place in the world where you would rely on that policy is not a very "U.S. friendly" place, and, the movement to more renewable sources is afoot, then bring the reliance back home… Deglobalization is happening we are in a very good place to become highly self-reliant. China is Saudi's last be chance for some big, final money; China is ramping it's renewable programs, MBS!

  20. Avataaar/Circle Created with python_avatars Justin Walker says:

    Nobody on this earth is scared to put their money in China unless our government tries to mess with Chinese money then you would be concerned otherwise we’ve been putting our money over there the last 50 years since we do not want to do any type of production whatsoever here in the US anymore because now we’re too bougie and do not like Hardwork whatsoever unless we’re from another foreign country coming in as a immigrants. And I know fax sucks and everybody lives their life 106 Ineri story. But sometimes you gotta wake up

  21. Avataaar/Circle Created with python_avatars Bill Kuehne says:

    Kevin RAISE YOUR CAMERA ANGLE!! Or move it farther away and up telephoto!

  22. Avataaar/Circle Created with python_avatars Kryptos says:

    Fools Gold???? That's the next Jim Cramer

  23. Avataaar/Circle Created with python_avatars Veronica Davidson says:

    That's my boo boo forevermore sweetness sweet pea Pooh Bear guarding her cub alone always my boo boo, back on the news, go for it sweetness, see you in the next one boo boo!😉😋😎😍😘🙂🤗😇

  24. Avataaar/Circle Created with python_avatars Michael Schortinghuis says:

    News max, wtf. Sean Spicer, a proven fraud. Kev’s in deep with kook fringe.

  25. Avataaar/Circle Created with python_avatars Masson H says:

    Tip: don’t laugh too much ….

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