Reaction & Commentary
Brazil have reached a deal to trade in their own currencies ditching the U.S dollar um what does this mean for our stock market our economy and what do we do to protect ourselves yeah this is the thing that people have been asking the most it’s like what do I
Do to protect so the two Tech Two index strategy will work whether we’re number one or number three number five in the world it’s really important we talked about it last night I never said it before but any company that you’re invested in you want to make sure that
They have good relationships in China Russia and India I’m India especially because their population has grown really fast um and apple just happens to be building a huge plant there we’ll have a lot of jobs there have good relationships in China and good market share what does
This mean for our stock market and economy if we don’t get our fares in order we’re going to be in trouble this is no different than like let’s say I’m in I don’t know the Bronx and I go outside and say nobody won’t smoke with
Me in the Bronx I wish I would come outside not a good idea and then that was nine people from the Bronx I don’t like poppy hold up then you up in smoke that’s right up a small tour right so now if you ever seen breaking bad like America’s Jesse Pinkman loud obnoxious
Troublemaker and then all the cartels which would be Brazil Russia India China South America I’m even looking now and um seeing Oman and his joined of course we talked about Kenya before we’ve been a bully for so long that all of our enemies are coming together to work
Against us that’s what we talked about it last night you have to be very careful who you go to war with because this generation may not be the one that attacks you and defeat you and maybe the generation after I don’t want to be salacious and say what I said at the
Show even though I believe it’s true platform is bigger but if we do not get our Affairs in order um but it’s going to affect our stock market because we really don’t have any advantages anymore outside of the military that and I I’m glad you stopped right there because it was the military
Was the number one thing for that region yeah right we were protecting our interests right which was all at the time but like these type of moves when I when I read them and I see it the number one thing I think of is our dominance is
Waning now how fast does it mean it’ll be a 10 to 30 year period but things can get bad over the next three really fast um I think um I think that statement is grossly exaggerated and the reason why that our dominance is winning
Um why well I mean say why so I feel that hey we talked about this before America still has the strongest military in the world by far not even close so from a military standpoint nothing has really changed the American dollar is still the strongest most used currency
In the world by far it’s like a hundred yard Head Start in front of the next um but we bought the Blood Neil like I did when I got fired you know also I don’t think it’s it’s the world is becoming flat so a lot of this stuff is politicized but
Everybody’s working together and everybody is moving around but when you look at who really runs the world as corporations ninety percent of the top corporations are american-based companies so when you have apple when you have Amazon when you have Google when you have meta when you have Microsoft the common denominator is
That those are all American companies so and they’re all International companies so they do business in China they do business and they do they do business in Africa they’re going to do business all over the world but the world is driven by technology and all of the strongest technology
Companies are American companies but we Outsource a lot of our Tech to India workers which is key which is a huge mistake too also like notice apple and Microsoft over the last 10 years Tesla’s tried to make a huge push into China because also or protecting their interests to make sure that they’re
Dominant in other countries if we fall you guys don’t have to listen to me even though I said this two years ago and then I’ll see everybody tag me in that wealth post shout out to them yeah I’m like I’ve been telling you this is coming but if apple and China are
Building that big ass facility in India and China there is a reason why well I think that it’s it’s only intelligent to why are we in Canada we’re not local we’re not minimizing ourselves to America you would be extremely unintelligent person if you only do business in the area that you actually
Live like the world is your oyster so you you should be finding ways that you can make money across different borders and across different regions so if you’re the biggest companies in the world why would you not invest infrastructure in different economies at one point we didn’t have to though right
So that the the the word waning is like at let’s say 20 years ago could you even imagine Saudi Arabia saying that we’re not using impulse currency anymore well Saudi Arabia never said that they wasn’t using the currency well but in the deal with them in China yeah for the oil that’s
What they’re saying and also that but that that’s one deal in this deals I’m saying 20 years ago that could you that one uh super conspiracy like that whatever now okay India were trading and rupees going forward ditching the US dollar yeah but like I said a lot of this stuff
Is semantics because that’s not semantics it’s it’s it’s not a major threat to America everybody knows that China’s economy is on Pace to pass America it’s been documented for the last 20 years but yeah but I’ve always said I think it’s two different conversations right
Like is it a major threat maybe not is it dominance waiting I think so dominant but it doesn’t have to be it’s not a major third yeah that’s what I said and how long does this take about 30 years listen to me please please right yeah
Don’t tell us about fast but we’re going to see a huge change in ten and it’s not China versus U.S it’s China plus India plus Ghana plus Kenya plus Mexico okay now if we’re gonna be super honest when that virus came here that was stage one of War
When a fitness got shipped to Mexico and Mexico Mexico moved into the states that’s phase two Tick Tock phase three dollar phase four no one else is talking about this two years ago you think I went to Mexico just because the tequila good what no I want to get away just in case
Things go down como se dice I told you so how you say I told you so in Spanish how you say it in French let me know I’m telling you y’all don’t have to listen to me this happens all the time Bitcoin ain’t never gonna follow that for ending of false and then
I’m like told you so we’ll monitor the situation bricks have we all like you know old gangsters that was like a gangster in 1982 and all the young boys run them off the block now that’s America Get Off My Block Otis but like I said I mean even if even if
America is not number one not the end of the world is it a major threat maybe not a major threat but going from one or two that means the dominance but as investors no favorite but yeah the Dominus is weighing for sure okay but it’s not
Something it’s not a drastic it’s not a drastic fall that’s what I’m saying it’s like that’s true the decline is going like this yeah but everybody everybody has everybody has already seen the decline it’s not a surprise but here’s the thing and this is like that business
Lesson right if you’re not growing a business what are you doing dying the kid the dog everybody dying no liar hey the genes too tight leadership terrible we exported everything that was great about America to another country and got mad when other countries took our model remixed it and use it against
Us we got to keep some stuff homegrown also as investors the most important exercise is this what do you do if everything goes wrong at one time 25 years ago when I was buying a Shine album or something I never would have thought Brazil Russia India China would come
Together and say they were going to come off the petrol dollar and we will lose our Tech dominance even being here in Toronto their main institution like main sector that I was doing was the banks it reminds me of 1980 through 2007. yeah once we went super tech heavy it led to
The downfall because we started printing money too fast and putting too much money into these companies I think that’s true for even this economy right here in Canada it’s like to have that level of dominance from one sector is risky yeah they’re all solely diversify right like that yeah here’s what I don’t
Want to label this point too much because we have other stuff to talk about but here’s my last thing about America America definitely has a lot of issues for sure but the one thing that America has over the vast majority of almost every other country in the world
Is that all these other countries the government really runs the country America business runs the country yeah so when you go to China it’s like the government is stronger than the private sector even here they were saying like how strong the government is out here like as far as the rules and regulations
You can go down the list any African country the Middle East whatever that leads to slower growth in the private sector it’s a reason why ninety percent of the companies that are bigger in the world are American based I agree when you have government that is in
Control of the situation it is not beneficial to private sector growth so I say that to say America still has a tremendous Advantage from a political standpoint because even though it’s hard to get anything done because politicians don’t really have that much power that’s actually beneficial for business because now that
Leads to businesses becoming independent and businesses really runs government because lobbyists pay for politicians yeah and they push through what they want to get done so no other country really has that system running as efficiently and effectively as America it’s not even close like I said all those other countries that you just
Named the government runs everything Saudi Arabia the king runs everything runs everything yeah what happens when you have the government that creates the company that can now attack that’s even that’s that’s they already have that that’s what China what I’m just saying it’s not it hasn’t worked it doesn’t
Work in the same manner it’s been proof it’s like has ticked out what I’m saying is that one or two Alibaba but yeah it’s gonna pop up yeah at Mass scale they don’t have a hundred companies they don’t have 500 companies it’s difficult it doesn’t work in that
Same manner because government is not efficient in that government is to provide for people it’s not politicians are not business people this is why when in the states yeah well in general in general for the most part this is gonna be assessment but for the most part yeah
This is why the Socialist governments they don’t work yeah you can’t you can’t run business if you’re not a business person it’s tougher to do that skill extremely difficult yeah but when I saw Putin and Gigi ping making pancakes together like I’ve been friends with Todd for like 25 years I’ve never made
Nothing you know how long you have to be friends with somebody to make pancakes to them in public so what what if they go to and to label your point hey this traditionally hasn’t worked and they’re making pancakes together putting a little honey on they do the Salt Bay
Thing what if they go to Elon because Elon is not from the states and say hey move Tess over here no taxes for 50 years and we’ll make sure that you have Global dominance in China what would that do to our Market all these Indian CEOs nothing if they
Don’t do anything no one do nothing to our Market Tesla’s one company Tesla’s still going to operate under American stockings I won’t I think nothing is uh but and with Indian CEOs if they get incentivized to go back to India a bill more there and we lose four big major
Players what happened we can say it though man we saw what happened to Cleveland when Braun left we’ll revisit this conversation my graduates from my school being Forbes backdrop backdrop a mic drop backdrop [Applause] foreign
