Top Three Videos – February 15, 2024

The future of the US dollar as the global reserve currency

• The US dollar’s decline as the leading reserve currency is a gradual erosion, similar to the fall of the pound sterling in the early 20th century.
• The US dollar’s status as the world reserve currency is declining, and by 2030 it will likely be considered a multi-polar world.
• If there is no viable replacement, the US dollar is not likely to be replaced as the global reserve currency.
• “The BRICS spent the last 15 years recreating the Bretton Woods institutions on their own terms, creating their own World Bank and IMF.”
• “I think Bitcoin is a great thing. You know you’re in some country where there’s authoritarian Rule and you’re trying to get out. You just memorize your your password your key and then you can cross the border.”
• “My prediction about the long-term purchasing power of the US dollar is it’s going to be much lower.”
• The global reserve currency is the most powerful weapon in the world, and the US is unlikely to willingly give it up.

   

Impact of global economic shifts on the US economy

• If the US is in a privileged position where we could run deficits, it’s going to affect us more than other countries that aren’t falling off the pedestal.
• If the Federal Reserve thinks they can get away with going back to a zero interest rate policy, that would advantage their team.
• The concept of “The Great Taking” raises questions about whether Americans truly hold title to their financial assets, and if the government could potentially claim ownership in the future.