WEBVTT - Trump’s Tariffs Will Trigger a Global Currency Crisis

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<v Speaker 1>In nineteen eighty five, the global currency markets were reset

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<v Speaker 1>through a historic agreement called the Plaza Accord. Now today

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<v Speaker 1>Trump is a plan to do it again, only this

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<v Speaker 1>time it won't be a coordinated effort.

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<v Speaker 2>It'll be economic warfare.

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<v Speaker 1>And the consequences well, they could trigger a global currency

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<v Speaker 1>reset that changes everything. Now is this good or bad?

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<v Speaker 2>Well? Both. So in this video, we're going to.

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<v Speaker 1>Break down what the original Plaza Accord was, why it's

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<v Speaker 1>critical to understanding today's economy, how Trump's tariffs are forcing

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<v Speaker 1>the world toward a Plaza Accord two point zero, and

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<v Speaker 1>most importantly, how you can position yourself to not just

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<v Speaker 1>survive this shift, but profit from it real quick. My

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<v Speaker 1>name is Mark Moss. I make these videos to help

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<v Speaker 1>you navigate the world as we're going through right now.

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<v Speaker 1>I'm a partner in a leading tech focused VC fund.

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<v Speaker 1>I've been writing a financial newsletter for now about seven

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<v Speaker 1>years called the Quantum Wave Investment Reports, and these are

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<v Speaker 1>the same things that we're looking at so we can

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<v Speaker 1>guide our strategies and hopefully it helps you as well.

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<v Speaker 2>Let's go.

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<v Speaker 1>All right now, the key to understanding what's going on

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<v Speaker 1>is in the past. Now, I've always used a lot

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<v Speaker 1>of history in my videos to help you understand this.

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<v Speaker 1>That's why I use cycles and things like that. I

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<v Speaker 1>often get asked all the time like what are the

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<v Speaker 1>best investing books that I could read, And I'm like, well,

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<v Speaker 1>they're not really good at investing books.

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<v Speaker 2>Which you really won't want to read is history books.

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<v Speaker 1>Because the reason why is, you know, if I touch

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<v Speaker 1>a hot stove, I'll most likely get burned. Now next time,

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<v Speaker 1>i might touch it with my arm or my leg,

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<v Speaker 1>but I'm also going to get burned. So it doesn't repeat.

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<v Speaker 2>But it rhymes.

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<v Speaker 1>When you understand these lessons of history, you can see

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<v Speaker 1>how they're starting to shape up again and very similar

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<v Speaker 1>things could happen again. So to understand plaza a chord

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<v Speaker 1>two point zero, let's go back just real quick and

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<v Speaker 1>understand Plaza accord one point zero. This happened back in

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<v Speaker 1>nineteen eighty five, as a matter of fact, September twenty two,

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<v Speaker 1>nineteen eighty five, and it happened at the Plaza Hotel

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<v Speaker 1>in New York City. Now, basically what it was it

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<v Speaker 1>was a group of the G five nations, so the

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<v Speaker 1>top five nations in the world. That was the course,

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<v Speaker 1>The United States Japan, Germany, France, and the UK all

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<v Speaker 1>coming together in a meeting. Now this was a coordinated

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<v Speaker 1>meeting because there was a problem. The problem was that

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<v Speaker 1>the US dollar was too strong when compared to other currencies,

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<v Speaker 1>which we're short of seeing a strong dollar right now,

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<v Speaker 1>and that sort of creates what they call this US

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<v Speaker 1>dollar wrecking ball. What it does is it starts to

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<v Speaker 1>affect other economies. It changes the way that we can

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<v Speaker 1>import and export goods. And at this point, the US

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<v Speaker 1>dollar was way too strong and because of this, it

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<v Speaker 1>caused these large deficits in trade to be happening, and

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<v Speaker 1>so things started to slow down. So what happens is

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<v Speaker 1>when US goods started to get too expensive, then the

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<v Speaker 1>other nations.

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<v Speaker 2>Couldn't afford them.

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<v Speaker 1>It made it very hard for those other nations to

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<v Speaker 1>ship goods back to the United States.

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<v Speaker 2>So they all got together.

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<v Speaker 1>The G five I said, hey, we got to do

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<v Speaker 1>something about this. So let's coordinate something. Let's all work

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<v Speaker 1>together cooperatively, and let's all devalue our currencies. Or really

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<v Speaker 1>it really is about devalue in the US dollar and

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<v Speaker 1>letting the other currencies so that they could fix this imbalance.

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<v Speaker 1>And at that point, the US dollar dropped about fifty percent.

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<v Speaker 1>You can see this in this chart of what's called

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<v Speaker 1>the Dixie the Dollar index. Now this is the dollar

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<v Speaker 1>compared to a basket of other currencies, and you can

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<v Speaker 1>see this is the point right here in nineteen eighty

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<v Speaker 1>five when this happened, this coordinated devaluation, and you can

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<v Speaker 1>see that it's never recovered. Here we are today sitting

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<v Speaker 1>right around here. And so this is what happened in

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<v Speaker 1>Plaza Cord One point out a couple of things to

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<v Speaker 1>take note of. Number one, this was coordinated, so it

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<v Speaker 1>was done in an orderly fashion. But even though it

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<v Speaker 1>was done in orderly fashion, in agreement, it led to,

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<v Speaker 1>of course, the law of unintended consequences. So whenever you

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<v Speaker 1>work with a or i should say, mess with a

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<v Speaker 1>complex system like the body, like the market, or like

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<v Speaker 1>the economy, you can't just tweak or turn or twist

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<v Speaker 1>or manipulate one part of it without having unintended consequences.

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<v Speaker 1>And so some of the things that happened were, for example,

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<v Speaker 1>a massive bubble happened in Japan, more trade imbalances happening

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<v Speaker 1>around the world, and of course it got even worse.

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<v Speaker 1>Now over the next couple videos that I'm gonna be doing.

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<v Speaker 1>I'm gonna be diving deep into history because we're at

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<v Speaker 1>a very historical pivotal moment right now, and to really

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<v Speaker 1>understand what exactly is going to be happening here over

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<v Speaker 1>the next couple of years or this year, you have

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<v Speaker 1>to understand history.

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<v Speaker 2>So we'll be going more into that.

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<v Speaker 1>But in this video right here, we're also continuing to

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<v Speaker 1>talk about the tariffs. So we talk about what the

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<v Speaker 1>Trump administration is doing, and one of the things he's

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<v Speaker 1>really using is tariffs. And really the way that he's

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<v Speaker 1>using tariffs is sort of like to maybe force a

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<v Speaker 1>plausa corb this time a two point zero.

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<v Speaker 2>So what are we talking about here?

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<v Speaker 1>So Trump announced tariffs, So he basically said, hey, again, deficits,

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<v Speaker 1>trade deficits are out of whack, so we want to

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<v Speaker 1>do something about it. What I want to do, because

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<v Speaker 1>I want to make America great again, is I want

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<v Speaker 1>to impose tariffs on any of the goods coming in

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<v Speaker 1>the United States, making them more expensive, right that way

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<v Speaker 1>US can compete with that. Now we see this, it's

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<v Speaker 1>all over the headlines. Of course, this is all over

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<v Speaker 1>the news. I don't want to give the news. You

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<v Speaker 1>can get that on your own. But you can see

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<v Speaker 1>markets are in turmoil. Right So the markets are all

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<v Speaker 1>upside down, manufacturing, the economy, even the investment markets because

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<v Speaker 1>Trump kicks off this trade war, and the trade war,

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<v Speaker 1>of course, is these terraffs now. So far at the

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<v Speaker 1>time of this recording, he's threatened a lot of big

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<v Speaker 1>tariffs and then sort of walking them back. So it's

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<v Speaker 1>like he's thrown that out there. He's gotten what he wanted.

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<v Speaker 1>So for example, he threw out massive tariffs.

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<v Speaker 2>Against Canada and Mexico.

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<v Speaker 1>Well, now they both announced that they're going to send

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<v Speaker 1>troops to the border. They're going to lock the border down,

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<v Speaker 1>they're going to personally justin Trudeau from Canada said he's

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<v Speaker 1>going to be the new fentanyls are. They're going to

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<v Speaker 1>stop the flow of drugs. And so now Trump said, okay,

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<v Speaker 1>we'll hold on.

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<v Speaker 2>The tariffs for now.

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<v Speaker 1>So a lot of this is bargaining, but a lot

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<v Speaker 1>of it is to get this to work. But we

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<v Speaker 1>can see that right now the markets are in turmoil.

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<v Speaker 1>We don't know what's going to happen next, but some

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<v Speaker 1>of the world doesn't seem to like this. Now, this

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<v Speaker 1>is an important piece to understand because we can see

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<v Speaker 1>here the ECB, the European Central Bank, would surely balk

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<v Speaker 1>at the plot.

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<v Speaker 2>It's a two idea. They'd balk at that. No way

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<v Speaker 2>we do that.

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<v Speaker 1>But the funny, interesting, ironic thing is that the ECB

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<v Speaker 1>is already in a devaluation phase. They're already easing their currency.

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<v Speaker 1>They're already manipulating their currency. So it's like, no, we

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<v Speaker 1>would never do that. We already are, so we can

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<v Speaker 1>already see that happening. We can see here China kind

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<v Speaker 1>of the same thing.

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<v Speaker 2>China. Now, China is in a different boat.

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<v Speaker 1>China really really needs to ease, they really need to

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<v Speaker 1>start printing money, and they're woes. This is the economic

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<v Speaker 1>problems that they're having. Make plasea accord less outlandish. I mean,

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<v Speaker 1>we'll probably go along with it because they need a

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<v Speaker 1>massive devaluation on their own. So you can start to

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<v Speaker 1>see where some of these countries are. Now we can

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<v Speaker 1>see again when Trump announced these big tariffs on Canada

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<v Speaker 1>and Mexico exactly what happened. So this is the Canadian

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<v Speaker 1>dollar against the US dollar, and look at this massive

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<v Speaker 1>spike that happened right here. When that was announced, So

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<v Speaker 1>you can see what that could potentially do to the

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<v Speaker 1>trade wars with these currencies being manipulated back and forth.

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<v Speaker 1>Here's the Mexican peso through the US dollar, same thing.

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<v Speaker 1>Look at that giant candle, that giant wick there, and

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<v Speaker 1>so as soon as it's denounced, you could already see

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<v Speaker 1>the market starting to react, which of course it caused

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<v Speaker 1>not just currency volatility, but then that caused market volatility,

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<v Speaker 1>especially assets that you buy that are denominated in fiad

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<v Speaker 1>currencies that are being devaluated.

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<v Speaker 2>Now, the thing is about this is as I said,

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<v Speaker 2>I showed you like you know, the ECB says, well,

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<v Speaker 2>we're not going to do that. China says, maybe we will.

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<v Speaker 1>But what this is and how this is different is

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<v Speaker 1>the Plaza cord was coordinated. They all came together and

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<v Speaker 1>agreed they would do this in an orderly fashion, and

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<v Speaker 1>even still they had unintended consequences. What's going on here, though,

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<v Speaker 1>is more like a strong arm.

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<v Speaker 2>What's going on here.

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<v Speaker 1>Is like a bullying Hey, you either do what we

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<v Speaker 1>want or we're gonna just force you to do it anyway.

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<v Speaker 1>A small business owner, are you buried in all types

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<v Speaker 1>The reason why that's important to understand is in a

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<v Speaker 1>coordinated fashion, it led.

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<v Speaker 2>To unintended consequences.

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<v Speaker 1>What do you think happens when it's done in an

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<v Speaker 1>uncoordinated fashion, Well, probably way more unintended consequences.

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<v Speaker 2>Now, one of the.

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<v Speaker 1>Things we could be seeing is a complete DCR or

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<v Speaker 1>a global currency reset. Now, this is what has to

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<v Speaker 1>happen now, China wants it.

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<v Speaker 2>ECB says, maybe they don't.

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<v Speaker 1>And the reason why is because each nation is trying

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<v Speaker 1>to jockey and compete with their own currencies. Now, what

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<v Speaker 1>the world needs is a major currency realignment, or what

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<v Speaker 1>we really need is to get rid of your currency altogether.

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<v Speaker 2>But that's a whole other story.

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<v Speaker 1>But what we need is historically we've seen them realign

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<v Speaker 1>the currencies in or to stabilize trade in order to

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<v Speaker 1>rebalance or correct trade imbalances and things like that, and

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<v Speaker 1>so we can sort of all move together.

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<v Speaker 2>But when it doesn't happen peacefully, we end up with

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<v Speaker 2>trade wars and tariffs. So then each country is trying

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<v Speaker 2>to retaliate.

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<v Speaker 1>You hear that right now some of the nations Mexico, well,

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<v Speaker 1>I guess all the Mexico, Canada, China, they're all saying

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<v Speaker 1>we'll retaliate against the United States. Now, so that basically

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<v Speaker 1>means when it's done unilaterally, so instead of together coordinated UNILID. Now,

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<v Speaker 1>what that leads to is competitiveness, because it's like, well,

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<v Speaker 1>you made our goods more expensive, we can't sell as

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<v Speaker 1>many goods, so then we're going to devalue our goods

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<v Speaker 1>and we'll make our goods cheaper. But then if you

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<v Speaker 1>devalue our your currency to make your good cheaper. Then

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<v Speaker 1>we'll just increase the tariffs to make to offset that,

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<v Speaker 1>and then we start competing and we start having a

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<v Speaker 1>trade war, and that causes all these unintended consequences to happen.

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<v Speaker 2>Okay, so what does that mean for us? That's kind

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<v Speaker 2>of the news.

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<v Speaker 1>But what does that mean for us?

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<v Speaker 2>How do we navigate a global currency reset? Well, there's

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<v Speaker 2>a couple of things that we need to be paying

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<v Speaker 2>attention to.

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<v Speaker 1>Now. I like to break this down into the economy

0:10:22.440 --> 0:10:24.599
<v Speaker 1>and the markets, because these are two separate things that

0:10:24.720 --> 0:10:27.199
<v Speaker 1>used to be the same. Now the same COVID told

0:10:27.280 --> 0:10:29.640
<v Speaker 1>us that right the whole economy, we shut down markets.

0:10:29.360 --> 0:10:30.360
<v Speaker 2>With the new all time highs.

0:10:30.520 --> 0:10:33.600
<v Speaker 1>So from an economy perspective, we have to understand there's

0:10:33.600 --> 0:10:35.840
<v Speaker 1>going to be a lot of market volatility. So for example,

0:10:36.800 --> 0:10:41.360
<v Speaker 1>tariffs on incoming goods, commodities, steal copper, things like that.

0:10:41.600 --> 0:10:44.280
<v Speaker 1>So then maybe auto parts are more expensive, so then

0:10:44.320 --> 0:10:47.160
<v Speaker 1>maybe the cost of new cars goes up. Right, So

0:10:47.240 --> 0:10:49.040
<v Speaker 1>in the market there's volatility. We don't know what the

0:10:49.040 --> 0:10:51.280
<v Speaker 1>price of avocados from Mexico is going to be, so

0:10:51.320 --> 0:10:53.480
<v Speaker 1>maybe the price of avocados is going up, and so

0:10:53.480 --> 0:10:55.440
<v Speaker 1>there's going to be a lot of volatility in the

0:10:55.480 --> 0:10:59.040
<v Speaker 1>market around prices as this all sort of starts to

0:10:59.080 --> 0:11:01.880
<v Speaker 1>sort itself out. On top of that, this could create

0:11:01.920 --> 0:11:06.080
<v Speaker 1>what we call inflationary pressures now specifically price inflation, but

0:11:06.320 --> 0:11:07.320
<v Speaker 1>inflationary pressures.

0:11:07.320 --> 0:11:09.680
<v Speaker 2>Again, Avocados goes up, cars go up, things like that.

0:11:09.760 --> 0:11:11.880
<v Speaker 1>Now that means for you and I, that means our

0:11:11.920 --> 0:11:14.480
<v Speaker 1>cost of goods, our cost of living goes up, our

0:11:14.480 --> 0:11:15.560
<v Speaker 1>standard living goes down.

0:11:15.760 --> 0:11:17.240
<v Speaker 2>All right, As I.

0:11:17.160 --> 0:11:19.240
<v Speaker 1>Said, we can see the cost of imports right now.

0:11:19.240 --> 0:11:22.120
<v Speaker 1>That's on the economy side. This is the good and

0:11:22.160 --> 0:11:24.720
<v Speaker 1>the bad of this. So when the cost of my

0:11:24.920 --> 0:11:28.120
<v Speaker 1>life living my life goes up, that's typically bad. I

0:11:28.120 --> 0:11:30.040
<v Speaker 1>have to work more to have the same standard living.

0:11:30.480 --> 0:11:34.240
<v Speaker 1>On the good side, though, as investors, we want to

0:11:34.280 --> 0:11:36.720
<v Speaker 1>be very careful of what we're invested into. The massive

0:11:36.720 --> 0:11:39.240
<v Speaker 1>opportunities here, but there's also a lot of pitfalls. So

0:11:39.320 --> 0:11:42.599
<v Speaker 1>for example, we want to be careful invested into assets

0:11:42.880 --> 0:11:47.920
<v Speaker 1>that are denominated in devalued currencies. So for example, I

0:11:47.960 --> 0:11:51.040
<v Speaker 1>could be owning an asset like let's say the stock

0:11:51.080 --> 0:11:54.440
<v Speaker 1>market in Turkish lira, for example, and it could be

0:11:54.520 --> 0:11:56.960
<v Speaker 1>showing that it's going up, but it could be going

0:11:57.040 --> 0:11:59.760
<v Speaker 1>down and purchasing power. So how do we protect ourselves

0:11:59.760 --> 0:12:02.240
<v Speaker 1>from a Well, one, you would own assets nominated and

0:12:02.320 --> 0:12:04.040
<v Speaker 1>stronger currencies like the dollar.

0:12:04.280 --> 0:12:05.440
<v Speaker 2>But number two, we'd want.

0:12:05.280 --> 0:12:09.120
<v Speaker 1>To own assets in appreciating currencies like the dollar or

0:12:10.280 --> 0:12:13.520
<v Speaker 1>ones that are free floating around the world. This would

0:12:13.559 --> 0:12:17.520
<v Speaker 1>be commodities. Okay, so we can have assets like US

0:12:17.559 --> 0:12:20.960
<v Speaker 1>listed stocks in US dollars, or we could have commodities

0:12:20.960 --> 0:12:23.480
<v Speaker 1>that could freely trade around the world. Now, this is

0:12:23.559 --> 0:12:25.920
<v Speaker 1>exactly what this chart has been telling us.

0:12:26.160 --> 0:12:26.839
<v Speaker 2>It used to be.

0:12:26.880 --> 0:12:30.240
<v Speaker 1>Copper was called doctor Copper. Copper would sort of be.

0:12:30.240 --> 0:12:31.439
<v Speaker 2>The canary in the coal mine.

0:12:31.440 --> 0:12:32.760
<v Speaker 1>It would be it would tell us what was going

0:12:32.800 --> 0:12:35.000
<v Speaker 1>on in the global economy, the health of the global economy.

0:12:35.200 --> 0:12:37.839
<v Speaker 1>And today we have gold, and what this chart is

0:12:37.880 --> 0:12:41.079
<v Speaker 1>showing us right here, with this price literally breaking out

0:12:41.160 --> 0:12:43.839
<v Speaker 1>making new all time highs right now, is showing us

0:12:43.920 --> 0:12:48.120
<v Speaker 1>exactly what's happening. We are going into a new financial system.

0:12:48.320 --> 0:12:51.080
<v Speaker 1>We are going into currency wars and trade wars and

0:12:51.120 --> 0:12:53.880
<v Speaker 1>all of those things. And instead of owning assets and

0:12:54.280 --> 0:12:56.520
<v Speaker 1>in different currencies and not knowing which ones are going

0:12:56.559 --> 0:12:58.120
<v Speaker 1>to be suffering the faith through the law of.

0:12:58.160 --> 0:13:01.400
<v Speaker 2>Understand the consequences. We might want to own gold instead.

0:13:01.400 --> 0:13:03.080
<v Speaker 1>Now there's a lot more going on with gold than

0:13:03.160 --> 0:13:04.840
<v Speaker 1>just this, but this is one of the things you

0:13:04.840 --> 0:13:06.800
<v Speaker 1>can see that breaking out to new all time highs. Now.

0:13:06.800 --> 0:13:09.560
<v Speaker 1>I remember I said commodities like gold, but we can

0:13:09.600 --> 0:13:12.600
<v Speaker 1>see this. Here's a USCI, this is a ETF, this

0:13:12.679 --> 0:13:14.960
<v Speaker 1>is a basket of commodities, and you can see the

0:13:14.960 --> 0:13:17.880
<v Speaker 1>same thing hire breaking out to new all time highs

0:13:17.920 --> 0:13:21.000
<v Speaker 1>right now. So get out of assets that are denominated

0:13:21.040 --> 0:13:25.080
<v Speaker 1>in currencies and think about global stores of value like commodities.

0:13:25.320 --> 0:13:27.360
<v Speaker 1>Of course, here's a chart of my favorite commodity in

0:13:27.400 --> 0:13:29.760
<v Speaker 1>the world, which is bitcoin, and you can see the

0:13:29.880 --> 0:13:33.839
<v Speaker 1>exact same thing sitting here at all time highs. Now.

0:13:33.880 --> 0:13:36.720
<v Speaker 2>This is telling us that this shift is underway. The

0:13:36.880 --> 0:13:38.920
<v Speaker 2>smart money's already moving to that now.

0:13:39.280 --> 0:13:41.560
<v Speaker 1>The good is that this is an opportunity to make

0:13:41.600 --> 0:13:43.560
<v Speaker 1>a lot of money. The bad is that my cost

0:13:43.600 --> 0:13:45.760
<v Speaker 1>of living goes up. Now, as long as I take

0:13:45.760 --> 0:13:48.719
<v Speaker 1>advantage of this, I can offset the damage of this.

0:13:49.080 --> 0:13:51.800
<v Speaker 1>But if you're worried about this and not doing anything here.

0:13:52.440 --> 0:13:53.360
<v Speaker 2>I got bad news for you.

0:13:53.480 --> 0:13:57.560
<v Speaker 1>It's gonna get worse Okay, now what does all this mean. Well,

0:13:57.559 --> 0:14:00.360
<v Speaker 1>it means that instead of most people think the world

0:14:00.400 --> 0:14:03.800
<v Speaker 1>is linear, really the world is all about trade offs,

0:14:03.920 --> 0:14:05.600
<v Speaker 1>and as a matter of fact, things can be good

0:14:05.960 --> 0:14:09.120
<v Speaker 1>and bad at the same time. What we can expect

0:14:09.160 --> 0:14:12.640
<v Speaker 1>is to have a lot more currency volatility. So for example,

0:14:12.720 --> 0:14:14.679
<v Speaker 1>I built a house down in Mexico. So when I

0:14:14.720 --> 0:14:16.760
<v Speaker 1>go down there and I have to pay people in payss,

0:14:17.000 --> 0:14:19.360
<v Speaker 1>the cost of me paying people goes up and down

0:14:19.760 --> 0:14:21.800
<v Speaker 1>wildly because of the currency volatility.

0:14:21.800 --> 0:14:24.160
<v Speaker 2>Again, I showed you the Mexican paysos spiking right now.

0:14:24.400 --> 0:14:26.000
<v Speaker 1>So if you need to deal with that, you need

0:14:26.040 --> 0:14:27.640
<v Speaker 1>to think a little bit longer term to be able

0:14:27.640 --> 0:14:29.720
<v Speaker 1>to plan that out a little bit better. Also, we

0:14:29.760 --> 0:14:33.080
<v Speaker 1>need to think about remember assets, don't buy assets that

0:14:33.120 --> 0:14:35.960
<v Speaker 1>are subject to a lot of volatility in the currency,

0:14:36.040 --> 0:14:40.400
<v Speaker 1>specifically depreciating currencies. Think about at least appreciating currency, stronger

0:14:40.440 --> 0:14:43.960
<v Speaker 1>currencies like the dollar, or even better hard assets like

0:14:44.040 --> 0:14:47.320
<v Speaker 1>golden bitcoin, commodities, things like that. The other thing is

0:14:47.320 --> 0:14:50.440
<v Speaker 1>that we need to think about the allocations that we have.

0:14:50.920 --> 0:14:51.280
<v Speaker 2>Now.

0:14:51.440 --> 0:14:54.480
<v Speaker 1>Over the weekend, we saw the markets crash. The cryptocurrency

0:14:54.480 --> 0:14:57.960
<v Speaker 1>markets just absolutely plunged thirty forty percent. I got a

0:14:57.960 --> 0:15:00.920
<v Speaker 1>text message from a buddy. I was out there on

0:15:00.960 --> 0:15:03.040
<v Speaker 1>a Sunday night, and he said he sent me a

0:15:03.080 --> 0:15:05.480
<v Speaker 1>screenshot of his like his account and like everything was

0:15:05.520 --> 0:15:09.560
<v Speaker 1>like major red. And he said, I'm stressing out. And

0:15:09.600 --> 0:15:13.280
<v Speaker 1>I said, why why are you stressing out? I knew

0:15:13.280 --> 0:15:15.320
<v Speaker 1>why because everything was plunged, but why did that matter

0:15:15.360 --> 0:15:17.560
<v Speaker 1>to him? You see, we want to think about adjusting

0:15:17.600 --> 0:15:21.560
<v Speaker 1>our allocations, so we don't if you are anxious.

0:15:21.200 --> 0:15:23.080
<v Speaker 2>About what's going to happen, we're stressed out.

0:15:23.160 --> 0:15:25.800
<v Speaker 1>That means you have the wrong allocation. So I told him,

0:15:25.840 --> 0:15:29.520
<v Speaker 1>I said, look, think long term, think a year or more, right,

0:15:29.840 --> 0:15:31.880
<v Speaker 1>and then think about your asset allocations. Now, for me,

0:15:32.320 --> 0:15:35.480
<v Speaker 1>I have most of my allocation there in bitcoin. You know,

0:15:35.560 --> 0:15:37.720
<v Speaker 1>he had allocated to a bunch of smaller all coins.

0:15:37.800 --> 0:15:40.760
<v Speaker 1>I don't recommend that, and so he's seeing massive volatility.

0:15:40.800 --> 0:15:43.920
<v Speaker 1>So think about putting your money where the assets are stronger,

0:15:44.160 --> 0:15:47.520
<v Speaker 1>and less money in more risky assets that have more volatility,

0:15:47.640 --> 0:15:49.920
<v Speaker 1>and then think about your allocations overall. Do you have

0:15:50.040 --> 0:15:52.960
<v Speaker 1>too much invested? So in his case, he had too

0:15:53.040 --> 0:15:55.800
<v Speaker 1>much of his money that he needed short term invested.

0:15:56.040 --> 0:15:58.160
<v Speaker 1>So put some in that you can leave there for

0:15:58.200 --> 0:15:59.640
<v Speaker 1>a year more, get on the other side of this

0:16:00.120 --> 0:16:02.720
<v Speaker 1>and think about those allocations and then adjust your time frames.

0:16:02.760 --> 0:16:04.480
<v Speaker 1>Like I said, really you should be thinking about long

0:16:04.560 --> 0:16:06.480
<v Speaker 1>term in this market. This market is going to be

0:16:06.560 --> 0:16:09.920
<v Speaker 1>extremely volatile, especially through the first quarter of this year,

0:16:09.960 --> 0:16:11.800
<v Speaker 1>potentially even through the second quarter of this year. I

0:16:11.800 --> 0:16:13.120
<v Speaker 1>think once we get on the other side of this,

0:16:13.160 --> 0:16:15.280
<v Speaker 1>we're gonna talk about in some other videos about how

0:16:15.520 --> 0:16:18.520
<v Speaker 1>really the hand is already played like the hand will

0:16:18.520 --> 0:16:19.880
<v Speaker 1>be forced. But we need to get on the other

0:16:19.880 --> 0:16:21.560
<v Speaker 1>side of this, maybe a first quarter or two. It's

0:16:21.560 --> 0:16:23.040
<v Speaker 1>gonna be volatile, So think.

0:16:23.160 --> 0:16:24.600
<v Speaker 2>Longer term, at least a year out.

0:16:24.600 --> 0:16:26.440
<v Speaker 1>All right, that's what's going on. I'm gonna keep you

0:16:26.520 --> 0:16:27.640
<v Speaker 1>up to date on the play by plays and not

0:16:27.640 --> 0:16:28.200
<v Speaker 1>giving you the news.

0:16:28.240 --> 0:16:29.720
<v Speaker 2>You can read that on your own, but what.

0:16:29.640 --> 0:16:31.240
<v Speaker 1>It means to you and what we could do be

0:16:31.320 --> 0:16:32.880
<v Speaker 1>doing about it. Let me know what you think about

0:16:32.880 --> 0:16:34.880
<v Speaker 1>this down in the comments down below. Of course, can

0:16:34.920 --> 0:16:36.600
<v Speaker 1>we thumbs up if you like it's footed. If you don't,

0:16:36.680 --> 0:16:38.200
<v Speaker 1>you can give me thumbs down, that's okay, but at

0:16:38.280 --> 0:16:40.920
<v Speaker 1>least tell me why either way. All right, that's what

0:16:40.920 --> 0:16:42.120
<v Speaker 1>I got to your success.

0:16:42.840 --> 0:16:43.240
<v Speaker 2>I'm out