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🔴 The COLLAPSE Of FIAT MONEY In The US | Is The US Dollar LOSING Its Global Reserve Currency Status?

by SiteAdmin
February 29, 2024
in Politics, The Federal Reserve Bank, US Health Services
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Hello and welcome to my channel thank you so much  for being here in a recent interview secretary for   domestic Finance at the U.S treasury Department  Nelly lean said we are thinking about whether a   uscbc could help to preserve the Dollar’s Global  role so what exactly is going on with the value of  

The US dollar is it losing its Global Reserve  status in today’s video I want to talk to you   about the value of the US dollar and what to  expect in the near future this is of course   a very complex topic because there is economics  there’s politics and finance involved additionally  

Given the accelerated development and Adoption  of digital currencies understanding who and   understanding what affects the value of what you  have in your bank accounts is extremely important   the US dollar is fiat currency will walk through  its biggest risks we’ll talk about who controls  

The fiscal system here in the United States what  gives value to the US dollar as we know it now   we’ll talk about its limitations and how its  possible loss of the world’s Reserve currency   status might be on the horizon Fiat money  is a type of currency that is not backed by  

A commodity such as gold or silver for example  as you know in 1971 when President Nixon took   the United States and inherently the entire  world off of the gold standard more and more   red flags have been raised there are signs that  its collapse might just be a question of when  

And not a question of if especially since many  economies are working to reduce their Reliance   on and their exposure to the US dollar China  is very much interested in its Yuan becoming   stronger we are already seeing the dollar playing  less and less of a role in portfolios of central  

Banks around the world the geopolitical tensions  served as a reason as a catalyst for a number of   countries to diversify away from the US dollar  among them are China and Saudi Arabia this is   a really interesting partnership because oil  is priced using the US dollar right now which  

Really helps it to maintain its status as  a global Reserve currency Saudi Arabia is   an accelerated talks with China to accept Yuan  instead of dollar for oil that Beijing buys if   an agreement is reached and most likely will be  there’s no doubt that it would have a substantial  

Impact on the value of the United States currency  first if we want to know what to expect in the   future we should understand who is in control of  the money supply who are the main stakeholders so   there are four groups first central banks central  banks have Monopoly over the production of money  

The Federal Reserve manipulates the interest  rates and keeps them either low or raises them   if it wants to tighten its monetary policy then  there are those who create laws policy makers in   other words this is the second group even though  central banks create money virtually out of thin  

Air they don’t really have the authority to decide  how that money is spent that is the responsibility   of policy makers our government the third and the  fourth groups are investors and industrialists   industrialists are investors to an extent have  a certain level of influence over the second  

Category through lobbying but really they’re  the ones with the capital and tangible resources   the collapse of the success of any fiat currency  including the US dollar is really driven by these   four groups of people so we just covered who  controls the financial system now speaking about  

Whether or not fiat currency will eventually  collapse we need to understand what gives it   value since there are no gold and silver reserves  that back today the United States Federal Reserve   is required to hold collateral that is equal  to the value of the dollars in circulation but  

Here’s the tricky part this collateral is the  US government issued debt so in the case with   the US dollar here’s what it means in practice  in reality there are two reasons it has value   first because investors and lenders around the  world believe that the US government will repay  

Its debts because debt serves as collateral  here right and two the US dollar has value   because the US government says it does so to  sum it up Fiat currencies require government   backing to exist they require public trust in  the government cryptocurrency on the other hand  

Doesn’t need that with that being said it  is not too surprising that cryptocurrencies   have been a very popular alternative it’s not  subject to control of any particular group or   entity in contrast to fiat currency because most  cryptocurrencies aren’t backed by central banks  

They get their value from different sources  Bitcoin for example generally has its value   determined by the market logic of supply and  demand when demand goes up so do prices this   brings us to the limitations of a fiat currency  and the US dollar specifically because there is  

Nothing preventing a central bank from printing  exponential amount of cash there may be times when   Regulators print too much and devalue the currency  to the point that inflation spirals out of control   or they might tighten the policy increase interest  rates too aggressively and send an economy into a  

Recession monetary policy which may or may not  be driven by a variety of reasons including of   course political ones has the power to wipe  out the value of their currency the value of   the United States dollar is determined by how the  US economy performs so as you can see the system  

Allows central banks to have a lot of influence  on the economy because they can control the money   supply with the emergence of cryptocurrencies Fiat  money which again has been largely controlled by   central banks around the world needed rescue just  the other day a former security advisor said that  

We need cbdc’s as soon as possible because crypto  is a threat and so that’s where cbdc’s emerged as   a counterbalance to the decentralized digital  currencies such as Bitcoin for example remember   what we said earlier in this video Fiat money is  currency that’s backed by The public’s faith in  

The government it has no intrinsic value unlike  commodity currency which is linked to the prices   of a commodity such as gold or silver instead  Fiat money derives its value from the trust people   place and the governments that issue it with its  value tied to a government a fiat currency can  

Significantly depreciate if the issuer runs into  trouble there’s a saying any kind of Crisis can   be good so the collapse of FTX for example  was needed in order to Blacklist crypto and   to introduce the quote unquote solution to the  problem to sum it up this means that a certain  

Percentage of your portfolio of your assets must  always be kept intangible non-monetary assets such   as precious metals real estate or other forms of  items that are tangible store of value given how   quickly the cbdc process moves forward it only  makes sense to start preparing for it now keep  

An eye on the developments and consider the pros  and cons of Fiat money when making decisions about   saving and or investing that’s it for today if you  enjoyed this video you might want to watch one of  

My recent videos where I walk you through what  you should do now to prepare for more interest   rate increases this year thank you for watching  the video and for supporting my channel subscribe   on YouTube and Rumble give the video a thumbs up  if you learned something new and share it with  

Your friends and family thank you for watching and  I will see you in my new one tomorrow take care

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Video Duration: 00:08:27
Tags: bitcoin newscbdc central bank digital currencycbdc cryptocbdc digital currencycbdc explainedcbdc joe rogancbdc nigeriacbdc vs cryptocentral bank digital currency joe rogancentral bank of nigeriacentral bank of nigeria newsdigital currency explaineddigital currency joe rogandigital currency usadigital currency vs cryptocurrencyfiat currency collapselatest news on the ukraine warTruly Right Viewwhat is central bank digital currencywhat is fiat currency
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