So is the US dollar in danger of losing its status as the world's money as the world's Reserve currency? That status that's been held by US dollar for a long time allows the U.S to provide its people a very comfortable lifestyle. And yes, I know life in the US is not perfect. There's a lot of problems poverty, racism, but trust me everywhere, there's a lot of problems. The U.S relatively allows a better lifestyle than most other countries, not all, but most Now for the most part that is provided through the fact that the US can print very cheap money because it's the world's Bank Everybody wants a US dollar and hence we print cheap money now just to save you some time.

I Know a lot of people don't have the time to watch the entire video. I'm gonna give you the bottom line first because I respect your time and if that's all you need is no, the US dollar would not lose its Reserve currency status. That's it. If that's all you wanted, make sure you hit the Subscribe button on your way out and go on your Merry way.

I Feel absolutely fine with that. but if you want to listen to my analysis, stick around because I have a lot of interesting points to make. Now look, this problem is the problem that a lot of global Reserve currencies in the world have dealt with. At some point, there's an end to an error Empires fall and you know, the Waters of currency was not always the US dollar.

We had the British pound and before that and before that and Empires tend to fall. The problem is that I think people are prematurely predicting because I don't want to get demonetized. The downfall of the US dollar. You know the saying, you know the rumors of my death were premature.

That's pretty much what's going on with the US dollar for the past 20 years ever since I Kind of figured out what's going on in the monetary industry since I'm 42 years old. so I'm old. I've been hearing people go back through these theories. You know, predicting the end of the US dollar in the 80s in the 90s and the early 2000s and now again, you know the problem is that there's two groups of people who predict this and I'm going to use data to debunk completely what they have to say.

But let me just kind of explain who's pushing these theories. There's two groups of people who push these theories about the end of the US dollar. One group is people who simply hate the US. There's a lot of anti-us sentiment in the world, whether it's Justified or not.

I'll let you decide. I Personally do not think so, but there's a big group of people in the world who hate the US and it's a lot of wishful thinking for them to think that the US dollar is going down okay. The other group is people who know that this is absolute horse manure. Again, don't want to get demonetized and even though they understand that this is horse manure, they're still on every package This nice horse manure with a nice bow on top and sell it to you so you can buy whatever they're selling a course.

Cryptocurrencies Gold Pumpers for the most part is gold Pumpers I'm not gonna name any names, but you can figure out who I'm talking about. You know what I'm talking about. So the gold Pumpers They know and they're still pushing this Theory and the commonality between these two groups. although they have nothing in common except that between the US haters and the gold Pumpers is the fact that they've never been right throughout the entire history.

Both these groups have one thing in common, which is that there were always 100 wrong and they will continue to be wrong. and there's nothing patriotic about it. It's not about go USA You know it's facts. it's simple facts as I'm about to show you now before: I Go through this video.

I Suggest you watch a video by Peter Zahan, which is absolutely terrific, covering the geopolitical side of why this is never going to happen. Go Watch That video. I'm going to link it below and by the way Peter If you're watching this, please get in touch with me. Would love to interview you.

I'm gonna go a little bit through the monetary side of things and I'm going to kind of provide a complimentary side of what he's saying now. Peterson and I share a lot of opinions about China about you know the world's Reserve currency and I think it's absolutely right in the money and I'll tell you why. The main thing about the Waters of currency is the fact that it needs to be desired. You know for the for a certain currency to be the world's money, it needs to have one precondition which is everybody needs to want it right.

So ask yourself this question: who wants the Russian Ruble except Russians Not a lot of people who wants the Chinese Yuan except China Not a lot of people and we can go down the list. There's this Theory circulating right now. Well, the Brics countries, the B-r-i-c-s which includes all these countries wonderful countries by the way, but with very problematic currencies such as Brazil such as India China Russia You get the point. now.

nobody wants this currency. I Mean with all due respect to these countries, I mean they all have crap currencies for their own reasons and I'll go over it in a second. So you have this club of of crap currencies that nobody else wants. and now somehow they'll combine themselves together and they will produce some compilation of crap that everybody will suddenly want.

It's not gonna work this way. I mean nobody wants to rule, Nobody wants to you on with all the respoke nobody wants to rent. I Mean these currencies are not globally desired. They're not something that people want to hold on to as Investments they're just to problematic and I'll explain the second why.

So the thought: The idea that these countries will come together and will produce this pile of gold out of all this crap. it's a little bit like Nicola You know the truck company that promised you the the hybrid crack? the one they roll down the hill? It ain't happening and everybody with half a brain still knows that the bricks will never birth this. Reserve Currency replacement. I mean they make All the Right Moves and the noises.

but at this point it's just a joke. I mean nobody takes the seriously. Now why is it not serious? Well look for a currency to be the world is of currency and this is a point made by Peter Zahan by the way and I'll expand on that in a second is. First of all, it needs to be enforceable Beyond Just desirable.

The desirability of the US dollar I mean I Don't have to argue. Remember how things were bad and the US dollar kept running up when we were like in the middle of this storm? Well, that's the whole point here. It's very desirable. So the question beyond desirability? What else does it need to have? Well, first of all, these have enforceability.

Now the country that owns the Monopoly money needs to be able to enforce its its dominance and it has to have the strongest military presence around the world. There's nobody comes close to the USA I'm sorry, there's a lot of people who you know propagate this nonsense as if Russia is some sort of a global superpower military-wise which is, you know, absolute more worse when you're a China is in a very similar place. I Mean there's not even an equivalent of a competitor as far as military might as far as you know. resources, intelligence, technology.

I Mean sure, maybe some countries have better Weaponry in certain categories, maybe. But as a National military might, nobody comes close to the Us as far as Logistics Global deployment, Etc et cetera et cetera, nobody. There's no other country in the world that's in a position to enforce their position as such. So that right there and there just kills the list.

But there's more reasons for that and they're more financial now. Look, ask yourself this question: Why is the world a predominantly trading the oil right now in dollars? Why The only way to buy and sell oil right now is with US Dollars Well, that's because the cartel that owns the the oil production is, you know, basically saying hey guys, you know we're not going to sell you anything that's not in US Dollars The reason is because in the 70s, President Nixon made a deal and he basically made the deal saying hey, you're going to use US dollars from now on and ask us this question. this was in the 70s Right now it's 2022. Why did this deal did not fall apart in 52 years? Obviously, there's a lot of countries who do this practice and trade in US Dollars who hate the US I.

Don't think you can blame Saudi Arabia or the UAE of loving the Us too much. There's not a lot of love loss there as well, so the condition should have been ripe for this to go south at some point. Why did this deal not fall apart? Why did it not fall apart? Now we heard last year all these talks about China is holding secret meetings with Saudi Arabia about switching Yuan Why hasn't this happened? Well, the reason is because it's impossible. It's impossible because trading in anything else but the US dollars is just really bad idea and I'll show you in a second Why The idea of a Global Currency.

First of all, it has to be stable. It has to be not volatile based on any craziness, which the US dollar has been for many, many years. It's just such an overwhelming might of the US dollar. It doesn't really get phased by anything.

It's not a volatile currency and for the right reasons. and that's why it's a great thing to have. as the world's agreed upon money, it has to be a huge pull of it. Which as the video by Peter Zehan which I just referenced to explains why there's a massive pool of this.

Mainly because the US is the world's biggest net importer. it means that it Imports way more than an export courts, therefore dumping a lot of US Dollars into the market to basically make the machine go round. China is a net exporter as you know, Russia is the next exporter as you know. so Russia and China are not anywhere close to being the importers.

I Mean who else Brazil would Brazil replace the US India with all due respect. You know who's going to replace U.S as the world's greatest net export because money needs to flow out and basically you know, like Peter Zehan defined lubricate the system so it's just not happening. The other problems is, if you want to rely on certain currencies to be the world's Monopoly money, that country needs to have a clear rule of law. We have to make sure that no dictator or no bureaucrat is going to cause basically a sandwich for everybody else to eat.

And we've seen that happen in China Right? Bureaucrats cancel IPOs in prison. billionaires cancel companies DD Global Alibaba and Jack Ma you name it. I mean you've seen it happen in China plenty. I Don't even talk about Russia where it's pretty much a dictatorship so there's no talking of rule of law there, right? It has to be be a stable banking system that facilitates all this.

I Mean we're talking about China the most you know regulated controlled currency in the world I mean not to talk about the Ruble. Come on. so we talk about geopolitical stability, right? The US is involved in a lot of turmoil around the world, but the United States as a country I mean it hasn't been in the war since. You know the Civil War I mean it's a very tough country to get into war with it surrounded by oceans and friendly neighbors.

I mean it's very stable geopolitically the country itself, while China is basically a is basically feuding with every neighbor that has got. it's on the brink of war with Taiwan allegedly which I don't think it will ever happen. Russia has just invaded this sovereign country in Europe and it's caused a major you know sandwich for everybody to eat. So geopolitically, there's nobody there to replace.

so to me it just seems that absolute. you know, horse manure to assume that any sort of replacement can come up at least In Our Lifetime Now again, you might have a different opinion. would love to hear it put in the comments. And if you enjoyed this video and if you've got some value out of it, make sure you hit the Subscribe button.

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