Video Player is loading.

Up next


The END of the US dollar is happening FASTER than we thought possible | Morris Invest

KeepItMovin
KeepItMovin - 89 Views
681
89 Views
Published on 23 May 2024 / In News and Politics

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com

❓Ask me a 30-second question at https://morrisinvest.com/clayton

📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB

🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom

💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp

🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com

👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar
-----------------
The dollar has held its power in global trade for decades. Since World War II, it has been the world’s principal reserve currency. What does that mean? A reserve currency is held and used by institutions and central banks across the world for international transactions. Major commodities like gold, lumber, and oil are priced in dollars.

Global trade runs on the US Dollar; it has long been an important cornerstone in the global economy due to its ease of conversion and value.

But over the past several decades, the inherent value of the dollar has been on the decline. In 1971, the US dollar’s departure from the gold standard led to a major devaluation. And this was just the first time the dollar has declined.

Not to mention, in recent history, China has become an economic powerhouse… and sanctions enforced after the invasion of Ukraine have encouraged more and more countries to turn toward other currencies.

Putin announced an intent to create an international currency standard. And even France has been leaning less and less on the US dollar. And these are just a few examples.

When asked about these global issues and their impact on the dollar as the world currency, here’s what Janet Yellen, US Secretary of the Treasury had to say: “We should expect over time a gradually increased share of other assets in reserve holdings of countries.”

Despite these glaring issues, American politicians like to affirm that the dollar’s position as a global currency is strong – but clearly there’s been a slow burn happening behind the scenes for decades. Bit by bit, other countries are trying to establish independence and chip away at the dollar’s role as the most prevalent reserve currency.

Some may argue that the biggest threat to the future of the US dollar is the US government itself. National debt continues to climb at astronomical rates. Mixing high debt with high inflation could very quickly result in a crisis for the dollar.

Regardless of what ultimately happens with the dollar – now is the time to think about how to protect yourself. We’re in an environment with high inflation and tons of economic volatility. Americans are losing their jobs left and right, while debt on both a personal and national level is out of control.
-----------------
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Show more
0 Comments sort Sort by

Up next