Is This The End Of The US Dollar? | What You NEED To Know
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- čas přidán 20. 06. 2024
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In today's video, we will discuss a pressing topic of more and more countries starting to rely on the dollar less and less. We will also touch on the petrodollar, Western monetary dominance, and the PetroYuan.
The BRIC countries (Brazil, Russia, India, China, and South Africa) are starting to move away from the dollar.
The BRICs account for 42% of the world's population and are responsible for 31.5% of global GDP. They are expected to contribute over 50% of global GDP by 2030.
Although they are becoming more populous and stronger economically, they have less than 15% of the voting rights within the IMF and The World Bank.
BRICs are trying to challenge the West's influence and also Western monetary dominance since essentially World War II.
This is coupled with Saudi Arabia and China starting to price their oil trade in Yuan instead of the US Dollar.
There is too much to unpack here so please watch the video until the end where you can hear my candid thoughts and how to position yourself.
Please watch until the end and share with a friend!
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⏰ Timestamps ⏰:
0:00 - Intro
1:01 - The BRICs
3:36 - US Dollar Dominance Begins
5:42 - The Petrodollar Importance
7:17 - The US Dollar's Uncertain Future
7:49 - Policygenius Spot
9:09 - Ongoing Trends
14:12 - The PetroYuan
16:25 - How To Position Yourself
17:52 - My Thoughts
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Having recently gained more knowledge about personal finance, I've subscribed to your channel. I want to commend everyone who's tirelessly working to earn a living while also building wealth during this recession. At 45, I'm retired, along with my 51-year-old wife, and we're debt-free. Our plan is to relocate to Thailand. Thanks to our frugal and financially savvy lifestyle, as well as our commitment to saving and investing in the financial market, we've been able to generate passive income even in this recessionary period, allowing us to sustain our desired lifestyle."
Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas. I want to be retired in my forties or fifties.
No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with *'Jude Ryan McDonough,'* to create a long-term investment strategy, and he assisted us in managing our investments while we focused on my jobs without any concerns.
Thank you for your advice. It's challenging to find a reliable investment advisor here, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.
This is the best financial channel on CZcams
Great points. As an immigrant to the U.S. myself, here for 2 decades, I can not help feeling more and more about the late stage empire situation.
It seems all the goods are not manufactured domestically, the USA spend so much for the military while the public infrastructure often pales compared to Europe. Individualism and polarization seem to drive the country.
I’m with you on that
The US has a higher rated infrastructure than nearly every country in Europe.
Stop believing silly nonsense you see online. Europe has serious economic problems, most notably poor work ethic, as Dalio said.
@@ryana3095 have you been to Europe? I live in NYC. Metro systems, transportation, libraries, public spaces, construction quality seems way better.
Who judges the work ethic? You go to some dept store like Target or Home Depot, many minimum wage workers hate their jobs, shelves are disorganized. Americans low wage workers work too many hours, too little time off and the service they provide is lacking.
Public transportation in Europe is timely, inexpensive and extensive.
Not sure what you base your statements on.
I lived in both continents
@@stefpix lived in Europe for several years, but nice try.
All you have is opinions, no data. Again, the US infrastructure is ranked higher than nearly every country in Europe.
Who judges the work ethic - again, data. Not silly anecdotes about Home Depot and whatever nonsense you’re saying.
The US has a far more educated and innovative workforce (based on data). Your response is ironic validation.
Spare me your silly anecdotes and opinion-based statements. And Italy is currently having a rail strike right now - sounds very efficient and timely 😂😂
That's interesting, over the last decade, manufacturing capacity in the US has actually increased.
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Hey Marko, what are your thoughts on Peter Zeihan and his thoughts on the future of the US Empire?
Is this in Canada or uSA?
Hey Marko, I know you are not in Europe and might not know the matters of EU finance market but in the past month or two some major European banks are advertising raised savings interest rates. We all know that these rates were in the past few years practically zero. Currently rates are going up to 3,5% for deposits with terms mostly at 12 months and longer. Could you give your opinion about this happening now, I am curious as this kind of thing might signal something. I think similar thing happened just before 2008.
Love your well-balanced self-reflection on the U.S., your honesty and the clear analysis! - And your humor: In every video I have at least one moment to LOL, which is great as a side-kick, but first and foremost what I watch your videos for is your view on things, which is always helpful for me (watching from Germany here, so I may skip some videos because the U.S. specific stuff does not apply to me and my situation). You're well on your way to 1 million subscribers, and THAT is for a reason: You deserve each and every one of them, Marko! - Keep up the good work here! - 👍 - All the best to you and your loved ones! - 🙏
always fire marko!!
You too!
Marko my boy! Spitting that knowledge on dem Brics and stackin Bricks. 😳
Thank you Marko, I greatly appreciate your insights and wisdom on these issues. It helps me cut through all of the noise from legacy and social media. Blessings to you and your family.
What's the best part of my day you might ask? Getting the notification that you uploaded a new video, of course! In all seriousness, thanks for always providing great content. This is a topic I have been particularly curious about as of late. You da man!
Marko at it again, coming through with the facts and sharing his knowledge! Thanks bro, very helpful!
Thanks for sharing.
Wow Marko, I am impress with your delivery and knowledge you got me as a new Subscriber
more then proud to share this video with my friends as a must see
thank you
You may have finally broken the algorithm. Opened up the CZcams app and this was the first video on my feed! Keep these coming
always dropping knowledge .... can't wait for your school to start up !!!!
Informative and reassuring! Thank you Marko.
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.
I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.
I am interested to know more and invest in Crypto please
trading is easier with proper guidance, especially from a professional, Newbies who are not aware of how crypto truly works and wish to make profits from it, I would advise to invest with a professional like Fergus waylen, It helps secure and minimize the possibilities of losses.
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last week in CNBC world news
Great video as always. Thank you for clarifying the “time” part of this equation.
There has been so much noise and panic ever since this news came out and I have been waiting patiently for the voice of reason to post a video about it so thank you Marko as always for clarifying everything man. Appreciate everything you do 👍
Thank you Marco as always, we truly appreciate you taking your time and being the human you are
Thank you, valuable information 🙏🏼🌻🙏🏼
Thank you I’ve been waiting for you to post a video because everyone else is posting click bait stuff. You’re the only opinion I trust because you’re transparent and essentially said what I was thinking. Thank you for the rationality and have an awesome day.
Thank you. Great video.
THANK YOU. THANK YOU. THANK YOU. i’ve seen so many short form vides and lengthy twitter posts regarding the “failing US dollar” and honestly never could catch on to what the actual problem was and how this would affect me and my daily life, if at all. this video was very well executed and explanatory of the current problem and possible/practical solutions. I appreciate the time and great effort you put into creating this easy-to-digest powerpoint slide. thank you for all that you do.
Fantastic video! Thank you for your contributions ❤
Great Video. Thank You!
Outstanding video. Agree 200%
Thanks for sharing your knowledge on this topic.
Thank you for not being a CZcams charlatan. I appreciate the non fear based approach and analytical view point.
I just hope no one farts in China and ruins my portfolio 😂😂.
I love how you and a few other of CZcamsrs are so truthful about finance and the economy
Thanks for sharing some valuable insights on this matter Marko! You said your thoughts on this subject could be a half hour video. For what it's worth, I'd definitely watch that!
As always, great and informative video. Thanks Marko!
Always good! Thanks for the knowledge Marko!
Keep kicking ass Marko!! Thanks for the content. I always enjoy your personal thoughts at the end of the video.
Well done!
No joke, policy genius helped me avoid/save $4k in insurance premiums this year. My old insurer bumped home and auto policies up 25% and 30% respectively. I said ✌️to my old insurer.
I always happy when I see there is a new video from you. And I agree with your analysis of market
Good stuff, thanks bro
Thanks! Let's see what amazing new info we get this time!
The Cryptoboys are fuming at this video lol
Doing the finest of work as always Marko, cheers
Great information
Thank you for not sugar coating it.
Well said.
Very helpful! Thank you so much. Been watching you from Russia for a couple years. You are the most useful finance channel on CZcams really without exaggeration.
Thank you Marko!
Well done mate! Another good video. Keep up the good work.
Great analysis, thank you for keeping it real. I agree, this is stuff to be watching out for. I am getting as prepared as I can for a worst case scenario but also planning on being around for awhile. I'd rather have it and not need it than need it and not have it.
Great advice!
Your wealth of knowledge blows my tiny mind 🤯😂 so glad I’m subscribed to you. Keep up the great work 💪🏻
The scary thing isn’t the money involved. It’s the fact that empires have never been this powerful. The possibility of war between any of the superpowers of the world is absolutely terrifying
Yes, Great Britain was as powerful. They had many colonies throughout Australia, India, Africa, and the Americas simultaneously.
@@Decoder2040 true but they couldn’t plunge the war into nuclear winter
The scale of economies these days is also much larger
that's why we have Ripple and XRP, will keep us safe from ww3
Relative power is actually very similar. The people have always had their lives trapped and controlled by the dominant power.
This is gold content bro thank you for educating us 🙏🏻 definitely eye opening video and a very concerning one
Speaking of quick changing prices of meals and Argentina, in 1985 several friends traveled to Argentina. It was right before the austral was set to replace the peso argentino as the official currency because of the rampant inflation in the Argentine economy. Inflation was so bad back then that while they were eating dinner at a restaurant, the maitre d' came out twice during the course of the meal to announce that the price of their dinner had gone up. They learned how to eat quickly.
I appreciate the honesty!
Success is silent. It's often not big event where everybody is watching and you become someone great in a single moment. It's those small steps you take every single day. Every single rep, every single test, every single task, every single investment, every single sale & every single moment. Doing each of those to the best of your ability. That's what creates a successful life. Keep it up, YOU ARE DOING GREAT!
Thanks Marko
Been waiting on this! Thanks Marko!
❤ the Free Videos Marko. Man, Kiddo, you just keep giving back. I don't personally know you, bud, but I really appreciate the email videos.
Praise the Lord for you, man. You've taught me a lot this past year. Proud of you!
Good stuff marko
Quality as always
I always click the like button on your videos before the ads are even over because you always produce quality content with out the bull doody.
thank you Marko
A principled youtuber, the best breed of a human. haha, great content!
This was an awesome video in the way it explains the global markets. I have been following world markets for 45 years and I can tell you that Marko is on the money. Please follow his suggestions, he knows what he is talking about.
This video help thanks
Thanks!
Thanks for this video Marko, very informative.
Glad it was helpful!
Been following you for more than a year and a half, but this is the most well detailed and most interesting (one of the most interesting at least for sure) videos ever. Good job man, keep it up! Thanks for always educating us
I am a new follower of your channel Greetings from Sweden
Welcome!
I was looking for this ...Noone was talking about this from last month ....
The reason that Russia switched to gold was because of sanctions from the Ukraine war. They no longer have access to SWIFT so they physically fly gold to buy things.
Marko's analysis seems to be heavily influenced by Ray Dalio.
Read Peter Zeihan for a second opinion.
@Marko what % in each investment class might you recommend?
Can you do a video specifically for the petrodollar?? That would be sweet. Love the channel
Great video! I’ll revisit this doom and gloom, in a year. Lol.
THANKS FOR ALL OF YOUR WORK 👍
What do you think about XRP?
Thank you for sharing this information. There is a lot of fearmongering going around these days.
21:28 - 21:32 that pause took me back to my childhood bro when Dora the explorer and boots use to ask where on the map is the next destination lmao.. 😂😂 thanks for all you do bro thanks for keeping me on the right track 🙏 you are the realest 💯
That's awesome 😂
The problem with saying we're in "late stage empire" is that late stage empire can last hundreds of years. Persia was in late stage empire for nearly a thousand years. China was in late stage empire for 2,500 years. Byzantium was in decline for 700 years. Rome only lasted 300 years in late stage empire and
by the time it fell the leading challengers rose and fell a dozen times. By the time America loses hegemony Serbia could be a world power.
Anyways I don't think Rembimbi will replace the Dollar as a reserve currency. Everyone likes to trade with China, but I don't think anyone trusts the PBC to not screw them over as soon as convenient.
And I don't think Bitcoin makes a good digital Gold. It has 0 privacy and transaction rates are extremely slow. There are better alternatives, but let's not start that argument here.
You sounded very smart today 😅 especially when throw some history in there 🎉
Thanks Marko but I need a joke at the end of the video. You left me hanging 😢 #SeriousVideo
A simple click of the like button for so much knowledge? No problem
Don’t start to skip fun part afterwards 😀you are the bright, so keep shine😎
This is definitely very well researched & put together content so Great Job Marko! As a finance guy being in the industry for almost a decade I do agree with Marko's assessment about the fate of The U.S $.
Almost at 1 million subs!!
Marko deserves every single one of them! - 🚀
Are you able to make a specific video on hedges against what’s to come? You’ve mentioned RE and small businesses and such but a updated portfolio video would be nice
Any recommended reading to gain a better understanding of macroeconomics? Also, do you think REITs would be as effective as maintaining wealth as directly owning real estate? I can't think why they wouldn't be other than the possibility of dilution. Thoughts?
Great video! Is there any update on WBF university? Is it already started and I just have not been invited yet?
Not yet! The website and tech stack is being created at this time
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $589k in months. You have to seek for help in the right places.
I think it's not always about fear. Sometimes realistic factors discourage people from reaching their goals in life. For example, I have tried to invest in the stock market several times, but have always been put off by fluctuations in the value of shares.
@@Aziz__0 Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
@@corrySledd My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
@@Blitcliffe It was run by NICOLE DESIREE SIMON, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
@@corrySledd Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing.
😮 wait to see.
Do you have a video on the Petro dollar. Apparently I know nothing because I don’t know much about this but I’d like to learn
I dunno, I feel like you've left out some pretty simple comparisons that illustrate the differences between the US economy and all the other countries mentioned in this list; such as, debt levels of China, etc etc. Of course they want an alternate currency that is not subject to raising interest rates, they are on the verge of spiraling.
You mentioned foreign stocks being a good investment opportunity. Would this include stocks from China ? I feel like it would have an opposite effect since we seen Chinese stocks plummet in the past few years because of foreign policy issues between US and China.
Thanks as always with respect 💜🇺🇸🙏. USD $ still and will continue to stay strong. Just my own opinion.
I'm afraid to admit that I'm addicted and dependent on your content. Please never leave us without your wisdom.
Afraid? Don’t be afraid. He got you. Lol😅
I personally think they will be transitioning to a Digital US Dollar in the next Decade, following in the steps of Bitcoin of course.
So should I stay the course with my Roth or start investing in Bitcoin, Gold, etc? I've been getting my 403B match and then trying to max my Roth each year? I have a few thousand to put in my Roth or somewhere else.
Yes
What are examples of stocks that are less sensitive to currency fluctuations?
Hi Marko! I like the idea of investing in real estate. Would crowd funded real estate be a viable alternative or is that too close to the dollar as it's basically private REITs?
Thank you!
That's b.s. Brics are not expected to be 50% of global gdp by 2030. Ridiculous. Rather it is about 35%.
I'm just starting to conquer all my debt and this comes up. Just my luck 😂 I got only 2 debts left, a primary residence and a rental property. Will debts owed get severely affected?
Stick to what you can control. Getting out of consumer debt is something you can directly do to affect your quality of life, regardless of macroeconomics.