WEBVTT - The Dollar Dies With A Whimper, Not A Bang 0:00:04.600 --> 0:00:07.680 So the big question is this, how do investors like 0:00:07.880 --> 0:00:11.800 us get access to the ideas, information, and most importantly, 0:00:12.039 --> 0:00:14.880 the right people that give us the tools and information 0:00:15.000 --> 0:00:19.000 we need to make informed and educated decisions to have success. 0:00:19.600 --> 0:00:22.360 That is the question, and this podcast will give us 0:00:22.360 --> 0:00:25.480 the answers. This is Mark Moss, your host. Let's get 0:00:25.520 --> 0:00:29.520 this started. Hello everyone, and welcome back to another episode 0:00:29.520 --> 0:00:32.599 of the Market Disruptors podcast. Today, I am in the 0:00:32.680 --> 0:00:35.720 studio with you alone. I don't have a guest today 0:00:35.760 --> 0:00:38.200 because there are some things that I wanted to talk about, um, 0:00:38.240 --> 0:00:39.800 some big things that we've been talking about on the 0:00:39.800 --> 0:00:42.599 Market Disruptors YouTube channel, and some things that have been 0:00:42.600 --> 0:00:43.800 in the news that I wanted to talk to you 0:00:43.840 --> 0:00:46.040 about today, and I just didn't have the right guest 0:00:46.120 --> 0:00:47.479 to bring on. So I thought, you know what, I'm 0:00:47.479 --> 0:00:49.320 just gonna go in there solo and we're gonna talk 0:00:49.360 --> 0:00:51.159 about a couple of topics. And what I want to 0:00:51.159 --> 0:00:53.280 talk about today is I want to talk about the 0:00:53.360 --> 0:00:55.880 history of money. I'm not gonna go super deep into this, 0:00:55.960 --> 0:00:59.000 but coming from we're gonna go look at the transition 0:00:59.080 --> 0:01:03.640 from when Britain was the world's superpower and passed the 0:01:03.640 --> 0:01:05.960 baton off to the United States, the US dollar took 0:01:06.000 --> 0:01:09.919 the reserve status of the entire world. How that transition 0:01:09.959 --> 0:01:13.360 took place, because that's super important to understand how that happened. 0:01:13.640 --> 0:01:16.120 The reason why it's important to understand how that happened 0:01:16.480 --> 0:01:20.119 is because we have a very similar situation happening right 0:01:20.160 --> 0:01:22.920 now today. And if you don't understand what happened the 0:01:23.000 --> 0:01:25.680 last time, the signs that you're seeing today don't make 0:01:25.720 --> 0:01:28.679 any sense. And we're in a situation today where we're 0:01:28.680 --> 0:01:31.600 seeing the exact same things, and we're in a big 0:01:31.640 --> 0:01:35.000 transition period right now in history. I don't think most 0:01:35.000 --> 0:01:39.720 people really understand how transitional this time period is that 0:01:39.760 --> 0:01:42.760 we're in right now. I believe that in the future, 0:01:43.160 --> 0:01:46.199 a hundred years from now, people will study this time 0:01:46.240 --> 0:01:49.000 period to think about how interesting it was. I mean, 0:01:49.040 --> 0:01:50.480 they're going to look at this and just think, what 0:01:50.600 --> 0:01:53.400 the heck was happening? Um, But we're living through this. 0:01:53.520 --> 0:01:55.800 We're living I mean right now we're in fifty years 0:01:55.800 --> 0:01:59.320 into a monetary experiment. Fifty years. I mean, we have 0:01:59.440 --> 0:02:03.720 five thousand years of history where basically gold was money. 0:02:03.720 --> 0:02:06.880 We're fifty years into this monetary experiment. And the crazy 0:02:06.920 --> 0:02:08.600 thing is that we're only fifty years into it. But 0:02:09.160 --> 0:02:12.680 because the history hasn't really been taught to everybody, people 0:02:12.720 --> 0:02:14.520 don't understand this. They think this is just the way 0:02:14.520 --> 0:02:16.120 it is, but it's not. And so I think in 0:02:16.120 --> 0:02:18.520 a hundred years we'll look back at this period and 0:02:18.560 --> 0:02:20.600 think how crazy this is. Now. I don't want to 0:02:20.680 --> 0:02:22.239 drag this on too long, so I'm gonna try and 0:02:22.280 --> 0:02:24.240 get through this pretty quickly. I'll give you the cliff 0:02:24.320 --> 0:02:28.080 notes version of this. And so basically, um, the United 0:02:28.120 --> 0:02:31.120 States is the world's superpower. The United States dollar is 0:02:31.200 --> 0:02:34.280 the reserve currency of the world. What that means is 0:02:34.320 --> 0:02:38.800 that the US dollar basically runs the world. We have 0:02:39.000 --> 0:02:41.760 all the assets of the world, gold, oil, et cetera. 0:02:41.880 --> 0:02:45.640 Are priced in US dollars, and when countries want to 0:02:45.720 --> 0:02:48.120 trade between them, they have to trade into dollars, so 0:02:48.160 --> 0:02:50.399 they trade from their local currency to dollars and from 0:02:50.400 --> 0:02:52.760 dollars back to the next local currency. So everything goes 0:02:52.840 --> 0:02:55.600 through the dollar through the Swift system. If you've ever 0:02:55.600 --> 0:02:58.359 sent a wire, you know what the swift code is. 0:02:58.400 --> 0:03:00.760 You understand what the Swift system is. Um, it's the 0:03:00.800 --> 0:03:04.400 banking system. So all the money goes through the Swift system. 0:03:04.480 --> 0:03:08.120 Through the Federal Reserve, and the dollar managed to maintain 0:03:08.320 --> 0:03:12.920 its power because of this. Because this dollar maintains this status, 0:03:13.000 --> 0:03:15.200 it allows the United States to get away with things 0:03:15.240 --> 0:03:18.680 that other countries cannot get away with, like inflating their currencies. 0:03:19.120 --> 0:03:21.280 But before we get into that, let's go back in 0:03:21.440 --> 0:03:23.600 history just a little bit. I'm gonna catch you guys 0:03:23.639 --> 0:03:26.560 up on this, all right, it's super interesting. Hopefully hopefully 0:03:26.560 --> 0:03:28.320 you guys enjoy this as much as I like it. 0:03:28.840 --> 0:03:31.440 Maybe I'm just a history nerd. But if we go back, 0:03:31.480 --> 0:03:33.320 so the U s is the is the superpower of 0:03:33.360 --> 0:03:35.800 the reserve status of the world. But it hasn't always 0:03:35.840 --> 0:03:37.760 been that way. So before the United States, it was 0:03:37.800 --> 0:03:41.320 Great Britain. Before Britain, it was France. Before France, I 0:03:41.360 --> 0:03:44.680 believe it was um Spain, and it was Portugal. So 0:03:44.720 --> 0:03:46.560 going back to the four hundreds, we've seen it just 0:03:46.600 --> 0:03:50.040 switch over and over and over Portugal, Spain, um France. 0:03:50.120 --> 0:03:52.400 And then after the Napoleonic Wars and went to Britain. 0:03:52.800 --> 0:03:57.000 Britain became the world superpower. The sterling was the reserve 0:03:57.080 --> 0:04:00.400 currency of the world. And what happened is right around 0:04:00.400 --> 0:04:04.160 World War One, Britain was running out of money. Britain 0:04:04.200 --> 0:04:07.280 needed money to fight these wars. And what they did 0:04:07.400 --> 0:04:09.480 is they began to take on debt. They began to 0:04:09.520 --> 0:04:11.520 borrow money. They went from a credit or nation to 0:04:11.560 --> 0:04:14.120 be started to become a debt or nation. And the 0:04:14.200 --> 0:04:17.720 United States was happy to become the creditor nation at 0:04:17.760 --> 0:04:21.279 that time. And so the United States and the banks JP, Morgan, etcetera. 0:04:21.279 --> 0:04:25.839 Started loaning the British money um to fight the wars, 0:04:25.880 --> 0:04:29.360 to supply weapons, etcetera. And as more and more debt 0:04:29.440 --> 0:04:32.160 was accumulated, of course, as you would imagine, the worst 0:04:32.200 --> 0:04:34.080 shape that the country became in. And at the end 0:04:34.080 --> 0:04:36.760 of World War One, at that point, now the sterling 0:04:36.880 --> 0:04:39.120 was so weak, Britain was under so much debt that 0:04:39.200 --> 0:04:44.360 the dollar. Now the US became a creditor nation. We know, 0:04:44.720 --> 0:04:47.080 and we know that the borrow a servant to the lender, 0:04:47.160 --> 0:04:50.440 so to serve the servant the borrower. Britain was now 0:04:50.440 --> 0:04:52.200 in a bad situation. And now the United States was 0:04:52.240 --> 0:04:56.800 in a creditor situation. They had power, The dollar had power. 0:04:56.839 --> 0:05:01.480 The dollar now was challenging the sterling for reserve status 0:05:01.560 --> 0:05:03.480 in the world, all right, but it didn't just take 0:05:03.520 --> 0:05:06.320 it over. It became, it became to the point where 0:05:06.320 --> 0:05:08.840 it could challenge it. And now we saw kind of 0:05:08.880 --> 0:05:11.880 the sterling and the US dollar kind of sharing this 0:05:11.960 --> 0:05:15.320 reserve status, all right, and over a period of years 0:05:15.320 --> 0:05:18.200 and years and years, we saw it go back and forth, 0:05:18.240 --> 0:05:20.120 back and forth. The reason why this is important to 0:05:20.160 --> 0:05:22.599 understand is because a lot of people think that the 0:05:22.680 --> 0:05:25.480 US dollars and is a lot of people may think 0:05:25.480 --> 0:05:27.720 it's going to be here forever. We know from history 0:05:27.760 --> 0:05:29.760 that nothing lasts forever, and it's eventually going to change. 0:05:29.800 --> 0:05:31.160 And then a lot of people that do think it's 0:05:31.160 --> 0:05:33.479 going to change are waiting for that one big thing 0:05:33.560 --> 0:05:36.440 to happen, the one big thing. But it's important to 0:05:36.480 --> 0:05:39.719 understand that it's not one big thing. Most things in 0:05:39.760 --> 0:05:41.800 life aren't one big thing. It's about the small things 0:05:41.839 --> 0:05:44.479 that happened over a long period of time. And so 0:05:44.600 --> 0:05:47.000 when we look back when the baton was transferred from 0:05:47.000 --> 0:05:49.520 Britain to the United States, we can also see this 0:05:49.839 --> 0:05:52.560 that it happened over a long period of time, all right. 0:05:52.640 --> 0:05:56.000 So the sterling got weak, the dollar got strong, um 0:05:56.040 --> 0:05:59.560 the dollar now is challenging Britain for reserve status of 0:05:59.600 --> 0:06:02.880 the world, for the world's superpower. Position, and then king 0:06:02.920 --> 0:06:06.320 World War two. Britain wasn't recovered yet, they couldn't handle 0:06:06.320 --> 0:06:09.520 World War two. Well, now both the United States and Britain, 0:06:09.839 --> 0:06:12.800 we're going into debt. Both of them were over extending 0:06:12.800 --> 0:06:16.039 themselves to go into World War two. But luckily for 0:06:16.080 --> 0:06:18.840 the United States at the time, gold started flowing to 0:06:18.920 --> 0:06:22.839 the country. As the United States was exporting supplies, gold 0:06:22.880 --> 0:06:25.240 started flowing back in. So the United States was able 0:06:25.279 --> 0:06:27.680 to come out of this because it had enough exports 0:06:27.720 --> 0:06:30.200 to bring money back in. And at the end of 0:06:30.240 --> 0:06:32.919 World War two, Britain and the Sterling were just in 0:06:32.960 --> 0:06:35.200 too bad of shape. The United States came out ahead, 0:06:35.520 --> 0:06:38.880 had stockpiled a bunch of golden assets, and in NT 0:06:39.040 --> 0:06:42.719 four at the Breton Woods Agreement, it was basically a 0:06:42.800 --> 0:06:46.520 done deal. The world got together. The world, the biggest 0:06:46.520 --> 0:06:48.640 of the countries of the world got together, um in 0:06:48.680 --> 0:06:50.920 the United States. They signed this Breton Woods Agreement, which 0:06:50.960 --> 0:06:54.800 basically said that the United States would become, you know, 0:06:54.839 --> 0:06:57.360 the reserve currency of the world, and they would hold 0:06:57.400 --> 0:07:01.520 the gold, and they would keep US dollars pegged to gold, 0:07:01.880 --> 0:07:05.560 and they would always redeem thirty five dollars for every 0:07:05.640 --> 0:07:07.800 one ounce of gold that was the agreement. That's what 0:07:07.920 --> 0:07:10.400 everybody agreed to. And then all the countries of the 0:07:10.440 --> 0:07:12.320 world started sending their gold over to the United States. 0:07:12.360 --> 0:07:16.880 The United States held everybody's gold. They printed dollars, and 0:07:16.920 --> 0:07:19.960 they kept it at thirty five dollars for one ounce 0:07:20.000 --> 0:07:22.360 of gold. That was the deal. But what happened that 0:07:22.360 --> 0:07:26.240 was over a period of time, five years, ten years, 0:07:26.240 --> 0:07:28.880 twenty years goes by. Well, the United States once more dollars, 0:07:29.680 --> 0:07:31.880 but now they can't because they're supposed to be pegged 0:07:31.880 --> 0:07:34.200 to thirty five dollars for each ounce of gold. But 0:07:34.240 --> 0:07:36.560 they did anyway, and they printed more dollars, and they 0:07:36.560 --> 0:07:39.240 printed more dollars, and they printed more dollars. And the 0:07:39.280 --> 0:07:42.480 agreement was is that they would the United States government 0:07:42.480 --> 0:07:46.400 would always redeem dollars for gold. So anytime somebody came, 0:07:46.920 --> 0:07:49.240 they would accept their dollars and give them their gold back. 0:07:49.800 --> 0:07:52.880 And as the country's as the other countries became aware 0:07:52.920 --> 0:07:54.560 of what was going on, that the United States was 0:07:54.880 --> 0:07:59.160 inflating their currency. Right, when they inflate their currency, that 0:07:59.160 --> 0:08:01.120 means they print more, they increase it, they increase the 0:08:01.160 --> 0:08:05.120 amount of currency out there. It devalues, it devalue it 0:08:05.200 --> 0:08:10.600 takes the value away. Think about that. Inflation takes your 0:08:10.720 --> 0:08:13.840 value away from it. It It makes your money worth less. 0:08:14.040 --> 0:08:16.400 So as the United States started increasing the money supply, 0:08:16.440 --> 0:08:19.680 inflating the money supply, it was devaluing the currency. And 0:08:19.720 --> 0:08:21.720 so these other countries knew what was going on, and 0:08:21.720 --> 0:08:24.119 they're like, why do we want to hold this these 0:08:24.360 --> 0:08:26.960 paper dollars that are worthless. We're gonna go get our 0:08:27.080 --> 0:08:28.840 our gold back. So they would bring in the United States. 0:08:28.880 --> 0:08:30.960 They had cash it in, they'd take the gold, and 0:08:31.120 --> 0:08:35.079 the United States was fighting really hard to protect this peg. 0:08:35.640 --> 0:08:37.520 And these countries knew what was going on, so they 0:08:37.559 --> 0:08:39.280 kept coming to redeem their gold, redeem the gold, and 0:08:39.320 --> 0:08:42.840 the United States lost a lot of money trying to 0:08:42.920 --> 0:08:45.679 protect that gold peg, or they gave up a bunch 0:08:45.720 --> 0:08:49.080 of gold. Now we don't know how much. The FED 0:08:49.120 --> 0:08:51.440 hasn't been audited. I was sure would like to know. 0:08:51.520 --> 0:08:53.080 I know Ron Paul, who has led the charge on 0:08:53.080 --> 0:08:54.560 that for a long time. Sure we'd like to know. 0:08:54.640 --> 0:08:58.920 But in my guess, I bet that the FED Fort 0:08:59.000 --> 0:09:01.440 Knox does not have the amount of gold that they 0:09:01.480 --> 0:09:03.680 say they do. I believe they've given up a lot 0:09:03.720 --> 0:09:06.439 of it trying to protect that gold peg. And finally 0:09:06.480 --> 0:09:08.720 what happened is they had protected that peg. They gave 0:09:08.800 --> 0:09:10.920 up so much gold to where they couldn't give up anymore. 0:09:12.160 --> 0:09:16.320 And finally President Richard Nixon nine seventy and enough, enough 0:09:16.400 --> 0:09:19.839 is enough. We are not protecting the peg anymore. It's done. 0:09:20.520 --> 0:09:23.640 And that's the day that the United States defaulted on 0:09:23.760 --> 0:09:27.400 their debt. That's when they bankrupt. Right, they gave out 0:09:27.440 --> 0:09:30.400 dollars to people who took those dollars in exchange that 0:09:30.480 --> 0:09:33.199 they could always go back and get the gold. Now 0:09:33.320 --> 0:09:35.720 these countries are left with worthless paper that are not 0:09:35.760 --> 0:09:39.600 exchanged for anything. The United States defaulted under debt, became 0:09:39.600 --> 0:09:42.600 bankrupt in nineteen seventy one, and we're living in this 0:09:42.679 --> 0:09:45.960 post bankruptcy world now today. All right, so now the 0:09:46.040 --> 0:09:48.720 US dollar is bankrupt. Now, no one's going to exchange 0:09:48.760 --> 0:09:51.000 it for gold. Well, why would anybody want to hold it? Now? 0:09:51.120 --> 0:09:54.840 What's going to happen? Right? Why would they do that? Well? 0:09:55.600 --> 0:09:57.559 The United States had to make the next the next step, 0:09:57.640 --> 0:10:02.280 so that by nine seven, before the energy we had 0:10:02.280 --> 0:10:04.520 this energy crisis is oil crisis that was going on, 0:10:05.000 --> 0:10:08.520 and Henry Kissinger from the United States went to Saudi Arabia, 0:10:08.559 --> 0:10:10.520 which was the number one oil producing nation in the world, 0:10:10.800 --> 0:10:15.400 and said, look, let's make a deal. You price all 0:10:15.480 --> 0:10:18.400 oil in dollars. Make sure that all oil is pricing dollars, 0:10:18.440 --> 0:10:21.720 all oil is trading dollars, all with a solding dollar dollars, 0:10:21.760 --> 0:10:24.880 and we will have your back, The United States will 0:10:24.920 --> 0:10:28.440 have your back no matter what. That was the deal, 0:10:28.760 --> 0:10:30.360 And that was a pretty secret deal. As a matter 0:10:30.360 --> 0:10:32.520 of fact, most of this details didn't actually come out. 0:10:32.559 --> 0:10:34.880 And tell two thousand and sixteen, if you can believe this, 0:10:35.480 --> 0:10:38.080 and that was the birth of the petro dollar. So 0:10:38.200 --> 0:10:41.760 gold went from being packed backed by gold, dollar dollars 0:10:41.800 --> 0:10:44.839 backed by gold, and now the dollar is backed by oil. 0:10:44.920 --> 0:10:48.120 This is the birth of the petro dollar. Now, as 0:10:48.240 --> 0:10:51.600 long as Saudi Arabia is the leading oil producing nation 0:10:51.640 --> 0:10:54.640 in the world, and as long as all oil is 0:10:54.679 --> 0:10:57.760 priced and sold in dollars, then the United States can 0:10:57.840 --> 0:11:01.640 continue to have its rain, all right. It continued to 0:11:01.679 --> 0:11:04.320 have you know, the banking system, the swift banking system, 0:11:04.320 --> 0:11:07.680 all the banking settlements, etcetera. And then of course the 0:11:07.720 --> 0:11:09.920 United States can rule the world and we can slap 0:11:09.960 --> 0:11:13.440 sanctions on any country that doesn't bend to our will right, 0:11:13.480 --> 0:11:16.120 you hear about that now with Donald Trump and Iraq 0:11:16.280 --> 0:11:20.439 and Iran and sanctions against Russia, sanctions against Iran, oh, now, 0:11:20.480 --> 0:11:24.160 sanctions against China and sanctions, sanction sanctions. So basically we're 0:11:24.160 --> 0:11:29.960 penalizing them using our financial system, basically turning the dollar 0:11:30.240 --> 0:11:33.280 into a weapon, weaponizing the dollar. And of course you 0:11:33.320 --> 0:11:35.960 can imagine the countries don't like this. They don't like 0:11:36.000 --> 0:11:39.559 getting slapped on the hand all the time, sanctioned sanctions, sanctions, right, 0:11:40.320 --> 0:11:43.920 and eventually they're just tired of it. And you know, 0:11:44.080 --> 0:11:46.480 if you kick enough people out of the financial system, 0:11:46.480 --> 0:11:48.200 if you keep if you kick enough people out of 0:11:48.200 --> 0:11:52.280 any system, eventually you find yourself on the outside. And 0:11:52.280 --> 0:11:55.120 the United States has continued to push people out of 0:11:55.120 --> 0:11:57.120 the financial system. And this has happened over a long 0:11:57.160 --> 0:11:59.120 period of time. Now not only have they done that, 0:11:59.200 --> 0:12:02.839 they've the United States to become a debt nation. Right 0:12:02.880 --> 0:12:06.000 we went from having gold stock piles and become and 0:12:06.160 --> 0:12:10.000 the world's superpower, a credit or nation, to now being 0:12:10.040 --> 0:12:11.640 a debtor nation. As a matter of fact, right now, 0:12:11.679 --> 0:12:15.800 we're over twenty two trillion trillion dollars of debt. Over 0:12:15.800 --> 0:12:18.520 the last ten years, more debt has been accumulated to 0:12:18.640 --> 0:12:23.319 the national debt than all of history combined. That's how 0:12:23.320 --> 0:12:25.120 bad we are. That's how bad the debt, the debt 0:12:25.160 --> 0:12:29.360 has gotten. We have over two hundred trillion dollars of 0:12:29.480 --> 0:12:32.160 unfunded liabilities. That means liabilities, that's money that we owe 0:12:32.440 --> 0:12:34.240 right now, but they're not funded. We don't have the 0:12:34.240 --> 0:12:38.520 money for that two tillion dollars. I believe in the 0:12:38.559 --> 0:12:41.960 next couple of years, the interest on the debt will 0:12:42.000 --> 0:12:43.840 be more than we can afford to pay. Just the 0:12:43.880 --> 0:12:45.920 interests we can't pay. The interest and interest rates are 0:12:45.920 --> 0:12:50.000 at all time lows. When we have financial crashes, they 0:12:50.080 --> 0:12:52.480 lower the interest rates to try to goose the economy. Well, 0:12:52.520 --> 0:12:53.800 where are they going to lower them too? Now? The 0:12:53.840 --> 0:12:56.800 interest rates already so low they can't there's no room left. 0:12:56.960 --> 0:12:58.520 And even at these low rates, we won't even able 0:12:58.559 --> 0:13:03.600 to afford the interest and by which is only about 0:13:03.600 --> 0:13:07.800 ten eleven years away. They say one hundred percent of 0:13:07.920 --> 0:13:10.559 income from taxes, which is where we get then come from, 0:13:10.600 --> 0:13:12.840 A hundred percent of income is going to go to 0:13:13.520 --> 0:13:16.960 senior citizens, It's going to go into medicare and medicated 0:13:17.000 --> 0:13:19.400 some security, things like that. A hundred percent will just 0:13:19.440 --> 0:13:22.400 go to that, what about welfare, what about the military, 0:13:23.080 --> 0:13:25.480 what about all these other things? There's not gonna be 0:13:25.480 --> 0:13:27.640 any money left for that. So that's where the United 0:13:27.640 --> 0:13:29.800 States has gone to in just such a short period 0:13:29.800 --> 0:13:32.080 of time. And the reason why it's important to understand 0:13:32.080 --> 0:13:33.439 this is because you need to see the signs that 0:13:33.480 --> 0:13:37.320 are happening now. With the dollar being weaponized and slapping 0:13:37.400 --> 0:13:40.800 sanctions and sanctions and sanctions. People have gotten tired of this, 0:13:41.320 --> 0:13:45.120 and as we've kicked more people out of the financial system, 0:13:45.240 --> 0:13:48.439 they've had to find a way to work in their 0:13:48.480 --> 0:13:51.480 own financial system to create a financial system outside of 0:13:51.480 --> 0:13:56.160 the United States. In addition to that, what's been backing 0:13:56.240 --> 0:14:00.360 the United States dollar was oil in Saudi Arabia is 0:14:00.360 --> 0:14:03.560 no longer the world's super power of oil. As a 0:14:03.559 --> 0:14:06.000 matter of fact, the United States produces enough oil to 0:14:06.080 --> 0:14:08.679 be energy independent if we want to do. But of course, 0:14:08.880 --> 0:14:11.240 if we don't buy oil from Saudi Arabia, who will. 0:14:12.200 --> 0:14:16.240 Russia produces oil, Venezuela produces oil, Iraq produces oil, Iran 0:14:16.320 --> 0:14:19.960 produces oil, and on and on and on. And if 0:14:19.960 --> 0:14:21.960 you want to know really what gets to the root 0:14:22.000 --> 0:14:24.080 of all the wars going on in the Middle East, 0:14:24.520 --> 0:14:26.680 just look at the oil. It's all about protecting the dollar. 0:14:27.120 --> 0:14:31.920 Everything is about protecting the dollar. And Iran is producing oil, 0:14:32.480 --> 0:14:34.800 and we don't like Iran. Why don't we like Iran? 0:14:34.920 --> 0:14:36.920 Could have something to do with them producing oil and 0:14:36.920 --> 0:14:39.720 selling it to Russia and China. So in two thousand 0:14:39.760 --> 0:14:44.880 and fifteen, China, Russia, and Iran started trading oil outside 0:14:44.880 --> 0:14:46.840 of the US dollar. They started doing it, and then 0:14:46.920 --> 0:14:50.640 Chinese you on. So now they're doing business outside the 0:14:50.720 --> 0:14:53.960 US dollar. Okay, well that's bad. Um, China is a 0:14:54.000 --> 0:14:57.000 really big economy, Russia is a pretty big economy. They're 0:14:57.040 --> 0:14:59.480 trading outside the US dollar. The US dollar is losing 0:14:59.520 --> 0:15:01.560 its rel vent. It went from a hundred percent of 0:15:01.560 --> 0:15:04.840 settlements to six fifty percent. Right, it's going down and 0:15:04.880 --> 0:15:08.480 down and down. So now China, Russia, Iran, they're all 0:15:08.520 --> 0:15:11.240 trading outside the US dollar. They're trading oil outside US dollar. 0:15:11.360 --> 0:15:15.040 Now China is doing their own goal oil backed futures 0:15:15.040 --> 0:15:17.960 and derivatives and things like that. All right, and that's bad. 0:15:18.000 --> 0:15:19.320 And this has been going on just for a couple 0:15:19.320 --> 0:15:22.800 of years now, and it's really been undermining the US dollar. 0:15:23.680 --> 0:15:25.680 And again, if you want to look at at the wars, 0:15:25.800 --> 0:15:28.240 all the wars are around this oil, right, it's around 0:15:28.240 --> 0:15:31.800 protecting the dollar, it's around protecting Saudi Arabia. And then 0:15:33.240 --> 0:15:35.440 this is the big piece that dropped. All right, this 0:15:35.520 --> 0:15:39.440 is the big news. Um. The Swift system is the 0:15:39.440 --> 0:15:41.240 way that money gets moved around the world. Right when 0:15:41.280 --> 0:15:42.480 you go to wire a money, when you go to 0:15:42.520 --> 0:15:43.760 wire money at the bank, you have to have a 0:15:43.760 --> 0:15:46.640 Swift coade. It's your swift. The Swift system. Well, there's 0:15:46.680 --> 0:15:49.280 been a new system formed to rival Swift, and it's 0:15:49.320 --> 0:15:52.800 called Instincts and it was put together in January of 0:15:52.800 --> 0:15:56.240 two nineteen. And this is for the EU, for the 0:15:56.280 --> 0:16:00.400 EU to be sending money on their own system, and 0:16:00.560 --> 0:16:04.920 it just went live about two weeks ago. So now, 0:16:04.960 --> 0:16:09.000 as of two weeks ago, the EU, Germany, France, Britain 0:16:10.120 --> 0:16:15.080 and Russia, China and Iran are all trading in their 0:16:15.120 --> 0:16:18.640 own financial system. Now think about this for a minute. Now, 0:16:18.880 --> 0:16:22.280 we know I already said, right China, Russia and and uh, China, 0:16:22.360 --> 0:16:25.880 Russia and Iran were already doing this for now four years. 0:16:26.600 --> 0:16:30.080 But those were our enemies. Okay, that's our enemies. Now 0:16:30.160 --> 0:16:33.680 I'm talking about our allies, our friends, our closest friends 0:16:33.720 --> 0:16:37.560 are closest allies, Our closest allies now are trading with 0:16:37.600 --> 0:16:39.880 our enemies, all in their own system in the United 0:16:39.880 --> 0:16:43.600 States on the outside. All right, the pieces have been 0:16:43.680 --> 0:16:48.440 dropping for thirty forty years, but they're continuing to escalate. 0:16:48.400 --> 0:16:50.400 Its continue to get more and more and more. And 0:16:50.400 --> 0:16:52.400 in the last four to five years, the US dollar 0:16:52.480 --> 0:16:55.720 has lost so much of its power, and it continues 0:16:55.760 --> 0:16:57.760 to lose its power. And now just as the last 0:16:57.760 --> 0:17:01.240 two weeks, this was a massive piece that dropped. Now, 0:17:01.880 --> 0:17:04.840 what are we seen in retaliation for that. Well, when 0:17:04.880 --> 0:17:08.840 you look at Donald Trump and and threatening tariffs with China, 0:17:09.280 --> 0:17:12.720 trade wars, this this is all about the money. This 0:17:12.840 --> 0:17:15.840 is all about the money. These are currency wars. The 0:17:15.920 --> 0:17:19.480 United States is trying to maintain the world reserve status. 0:17:19.520 --> 0:17:22.320 It's trying to keep the dollar in power, and it's 0:17:22.359 --> 0:17:25.639 under all types of attacks, a lot of it, well 0:17:25.800 --> 0:17:28.119 most I guess all of itself inflicted, right, I mean, 0:17:28.119 --> 0:17:30.040 if they would have kept the dollars strong, everybody would 0:17:30.040 --> 0:17:31.800 have still loved it. When the dollar went bankrupt and 0:17:31.840 --> 0:17:35.760 they rejected redeeming goal in nine, it all fell apart. 0:17:35.760 --> 0:17:38.480 They've kept it under forced through oil, but now there's 0:17:38.480 --> 0:17:40.800 so much oil, and there's other renewable energies that it's 0:17:40.840 --> 0:17:42.719 not as big as the deals anymore. And then when 0:17:42.760 --> 0:17:44.800 you've kicked all these people out of the financial system, 0:17:45.040 --> 0:17:47.920 they've had to find another way. Right. You just add 0:17:47.920 --> 0:17:51.000 all those up and now we have technology. So now 0:17:51.480 --> 0:17:54.680 now money, the US dollar is under attack from bitcoin, 0:17:55.280 --> 0:17:58.360 it's under attack from stable coins, it's under attack from 0:17:58.400 --> 0:18:02.440 other cryptocurrencies. And they get this. They get this. They 0:18:02.440 --> 0:18:05.080 haven't they haven't got it, but they get it now. 0:18:05.160 --> 0:18:09.000 And we know this. So last week, on the same day, 0:18:09.200 --> 0:18:12.160 the President of the United States, Donald Trump and the 0:18:12.200 --> 0:18:17.240 FED Chair Jerome Powell, both tweeted about bitcoin, both of 0:18:17.280 --> 0:18:21.280 them on the same day. Imagine ten years ago, bitcoin 0:18:21.359 --> 0:18:23.760 wasn't even a thing. In ten years, it's gone from 0:18:23.760 --> 0:18:27.160 a magic internet money to only being used by criminals 0:18:27.480 --> 0:18:31.520 to being a scam. Jamie diamond says it's a scam. Um. 0:18:31.600 --> 0:18:34.160 And now the President of United States and the FED 0:18:34.240 --> 0:18:37.760 chair are both talking about at the same time. Now 0:18:38.280 --> 0:18:42.160 they said different things. The FED Chair Jerome Powell said that, uh, 0:18:42.200 --> 0:18:44.520 he was asked and he said, well, um, I don't 0:18:44.520 --> 0:18:47.199 think it's really a threat. It's too small to be 0:18:47.200 --> 0:18:51.359 considered a threat, right, Now, however, I people look at 0:18:51.400 --> 0:18:56.159 it like a store of value, like gold. Wow, what 0:18:56.280 --> 0:18:59.720 an endorsement for bitcoin. That's exactly what we say. It's 0:18:59.760 --> 0:19:03.000 like a store of value. It's like a store of value. Now, 0:19:03.040 --> 0:19:06.080 the FED Chair Jerome Pale is basically calling it that 0:19:06.119 --> 0:19:10.600 we couldn't have had a better endorsement. Bullish, extremely bullish. 0:19:10.880 --> 0:19:12.840 Then the President of the United States goes on to 0:19:12.880 --> 0:19:15.160 say that he doesn't like it. He doesn't like bitcoin, 0:19:15.240 --> 0:19:17.760 he doesn't like cryptocurrencies. Um. He goes on to say 0:19:17.760 --> 0:19:20.240 that if Facebook, Libra wants to have their own coin, 0:19:20.320 --> 0:19:21.879 then they need to have a bank and they need 0:19:21.880 --> 0:19:23.960 to get their own banking charter. And then he goes 0:19:24.000 --> 0:19:27.000 on to say that the United States dollar is the 0:19:27.040 --> 0:19:30.800 only currency, and it's the best, and it's the strongest 0:19:30.920 --> 0:19:33.720 it's ever been. That's what he said, the strongest it's 0:19:33.760 --> 0:19:39.720 ever been, which is pretty ironic considering that the FED 0:19:39.880 --> 0:19:42.440 chair just said a few weeks ago at the FMOC 0:19:42.600 --> 0:19:45.879 meeting that the economy sucks. Basically, they can't get the 0:19:45.920 --> 0:19:47.840 inflation they want. They said they can't get two two 0:19:47.840 --> 0:19:51.160 percent inflation. But all the prices I pay have certainly 0:19:51.200 --> 0:19:53.000 gone up by two percent more than two percent. Anyway, 0:19:53.000 --> 0:19:54.800 they can't get the inflation of two percent, So what 0:19:54.840 --> 0:19:57.160 are they gonna do. Well, let's print up the money again. 0:19:57.240 --> 0:19:59.680 Let's fire up the printing presses. Let's uh start the 0:19:59.760 --> 0:20:01.720 quant to be easy, and let's lower the interest rates, 0:20:01.720 --> 0:20:05.760 and let's try to goose this economy again, because it's 0:20:05.760 --> 0:20:07.879 not good. Now, what what happens when they print more money? 0:20:07.920 --> 0:20:11.280 It de values it. And just think about that. Inflation 0:20:11.760 --> 0:20:14.359 devalues when they inflate, when they make more money, it 0:20:14.400 --> 0:20:17.920 takes the value away from your money. So Donald Trump 0:20:17.960 --> 0:20:20.480 saying is stronger than it's ever been. In the meantime, 0:20:20.760 --> 0:20:24.639 the Fed's printing up more money. In the meantime, Donald 0:20:24.640 --> 0:20:27.159