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The warning signs that a fiat currency is close to collapsing 

Principles by Ray Dalio
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The warning signs that a fiat #currency is close to collapsing. #monetarypolicy #money #principles #raydalio #advice

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27 июн 2023

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Комментарии : 168   
@chitra.photos
@chitra.photos Год назад
Selling Debt ->Central Bank Printing Money -> Currency Devaluation all at once leading to Fiat Currency Collapse So nicely explained Mr. Ray
@rohandas5643
@rohandas5643 Год назад
USD soon
@alinaqirizvi1441
@alinaqirizvi1441 11 месяцев назад
​@@rohandas5643 yes soon but the central bank isn't buying debt in large quantity ...yet
@user-er9hv4pl2u
@user-er9hv4pl2u Год назад
Is this a good time to buy stocks/crypto in the Europe? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to manoeuver in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere.
@peterwilliams6361
@peterwilliams6361 Год назад
I'll suggest you find an investment coach or someone with market experience before the 08' crash to guide you amidst this inflation.
@user-er9hv4pl2u
@user-er9hv4pl2u Год назад
@@peterwilliams6361 I agree, that's the more reason I prefer my day to day investment decisions being guided by an inv-coach, seeing that their entire skillset is built around short & long term holdings for profit realisation, coupled with the exclusive analysis they possess, it's near impossible to not out-perform. I've been investing with a coach literally for 4years, and have accrued approx. $1.4m in net-profits thus far.
@peterwilliams6361
@peterwilliams6361 Год назад
@@user-er9hv4pl2u congrats. this is huge! mind sharing info on the coach that assists you? cos i’ve got a bunch of stocks that keeps tanking and don't know if its best to just dump amidst ongoing inflation.
@user-er9hv4pl2u
@user-er9hv4pl2u Год назад
@@peterwilliams6361 I am guided by *Robin Brezik* I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@peterwilliams6361
@peterwilliams6361 Год назад
@@user-er9hv4pl2u just copied and pasted *Robin Brezik* and came across her appealing page, thanks for saving me hours of researching. I'm from hit-crisis Sri Lanka.
@LeviHeatonIII
@LeviHeatonIII Год назад
So… exactly what’s happening right now. Outstanding.
@alexmorris5360
@alexmorris5360 Год назад
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
@donaldjack5487
@donaldjack5487 Год назад
I can’t focus on the long run when I should be retiring in 3yrs ,you see I’ve got a good companies in my portfolio and a good amount invested, but my profits has been stalling,does it mean this unstable market doesn’t provide any calculated risky opportunities to make profits?
@natashanice3513
@natashanice3513 Год назад
There are a lot of strategies to make tongue wetting profits especially in a down market but such sophisticated trades can only be carried out by proper market experts.
@janechane7279
@janechane7279 Год назад
That’s true , I’ve been getting assisted by Jessica Katherine Ellis for almost a year now , I started out less than $200k and I’m just $19,000 short of half a million in profits.
@davidsamuel7425
@davidsamuel7425 Год назад
@@janechane7279How can I reach out to this coach? Because I’m seeking for a more effective investment approach how good is this person at portfolio diversification, particularly with regards to digital assets?
@janechane7279
@janechane7279 Год назад
*JESSICA KATHERINE ELLIS* is easily searchable on Google. She has extensive knowledge of the financial market.reach out to her through her Google page
@alwaysancient
@alwaysancient Год назад
So, this video is about something called a "fiat currency". Fiat currency is just a fancy name for the money we use every day, like dollars or euros. The video talks about how sometimes, this kind of money can get into trouble and start to lose its value, which is not a good thing. Imagine you have a toy that everyone in your class wants. Because everyone wants it, it's valuable - you could trade it for a lot of other toys. But what if suddenly, everyone in your class gets the same toy? Now, your toy isn't as special anymore, and you can't trade it for as many toys as before. This is similar to what happens when a fiat currency starts to lose its value. The video says this can happen when two things occur. First, people who have lent money to the government (in the form of buying government bonds) start to sell those bonds. Second, the government starts to print more money to buy back those bonds. This is like if everyone in your class suddenly got the same toy - the toy (or in this case, the money) becomes less valuable. The video also mentions that when these things happen, it can be like a bank run. A bank run is when everyone tries to take their money out of the bank at the same time, but the bank doesn't have enough money to give everyone. So, the bank has to create more money, which can make the money less valuable, just like the toy in our example.
@gamebred1253
@gamebred1253 Год назад
Very helpful
@yuron8210
@yuron8210 Год назад
TLDR; fiat currency is currency that is backed up by nothing besides "fiat" (aka government order)
@HimanshuSingh-yu4dx
@HimanshuSingh-yu4dx Год назад
Thanks
@wildmanmike100
@wildmanmike100 Год назад
And they call it fiat because it's not backed by anything. Intrinsically no value except it's exchange value with other fiat. Although one could argue that oil is priced in dollars so...
@vantutri9571
@vantutri9571 Год назад
nice ai
@Sachinrenjal
@Sachinrenjal Год назад
Selling the debt and Govt buying debt for money is BAIL OUT😂😂
@Cryptobratan
@Cryptobratan Год назад
So, what is exactly happening right now with the US dollar and China selling US Treasuries?
@alexanderk7422
@alexanderk7422 Год назад
My understanding is that China has shifted from US T-Bills to US T-Bonds which have a significantly longer maturation period. This means China is actually investing more long term in the grown of the US economy... that is of course if their investment remains consistent. I highly doubt this is an indication of some sort of move by China to adversely affect USD as I have seen some fear mongers in the media suggest.
@neon1300
@neon1300 Год назад
That's one "possible scenario", but not what is currently happening. What is more likely to happen is that China will refuse to buy the newly issued bonds after four years of a trade war initiated by the US.
@krisholly3503
@krisholly3503 Год назад
​@@alexanderk7422 Show me the data, bro. China is not buying more UST- bonds (Toilet Paper). China is buying the GOLD, so do all the GULF countries.
@MrScottSenior
@MrScottSenior Год назад
Chinese currency is pegged to the dollar. Currency stability is in their interest, hence buying us treasuries. China wants and needs a strong US
@stillakzo
@stillakzo Год назад
No. China is only one of the holder who's selling us debt and that too because of geopolitics. Nothing to do with the macro
@donnapavin3098
@donnapavin3098 Год назад
Ray, love your videos. They're very informative. I guess, as consumers, there isn't anything we can do. Makes you feel helpless. 😮‍💨
@abhijeetkjaiswal
@abhijeetkjaiswal Год назад
Insightful as always.
@guada8784
@guada8784 Год назад
Eso es lo que pasa en mi país, Argentina 😢
@John-zh1ud
@John-zh1ud Год назад
Scariest thing to think about is what interest rates are going to do to the us federal budget deficit if they even stay where they’re at for any significant amount of time.
@pouyabaniasadi6014
@pouyabaniasadi6014 Год назад
A counter example to consider: In 2022, after Lizz Truss tax cut announcements, there was massive bond selling in the UK. the Uk central bank (BOE) started buying the bonds that had no buyers in the open market. When the Bank of England started buying the bonds, the currency immediately appreciated from the 1.03 GBP to USD low. Now the GBP has appreciated to 1.30, a 30% appreciation of the Pound. I think it's important to consider the cases when the opposite of what Ray said happened, and the mechanics behind that.
@ltsjack
@ltsjack 11 месяцев назад
Were those binds being sold government bonda though?
@carefulconsumer8682
@carefulconsumer8682 Год назад
Thank you Ray.
@garethcurtis9354
@garethcurtis9354 Год назад
Exactly what happened with the British pound late last year. They propped it back up. For now at least.
@defaultdefault812
@defaultdefault812 Год назад
No, that was deliberate. They shorted the pound.
@LondonarabS
@LondonarabS Год назад
Such wisdom. Thank you
@muzzapj86
@muzzapj86 Год назад
Nice explanation
@calum.macleod
@calum.macleod Год назад
Supply and demand of debt has been out of balance for some time. Western central banks have been buying debt in large quantities. How to measure devaluation, when the major convertible currencies all have these traits? Do we wait for a convertible hard currency or do measure devaluation by inflation?
@sanjitpathak22
@sanjitpathak22 11 месяцев назад
Mr Ray Dalio is sincerely “Doing His Part for the World at large”. Here is a Great Man in the True Sense of the word.
@GaryWinstonBrown
@GaryWinstonBrown Год назад
GOOD CONTENT !!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way. Business and investment are the best way to make money even under the nose of
@SamStormbornOrmandy
@SamStormbornOrmandy Год назад
This is exactly what the UK government did already when Liz Truss was Prime Minister! The Bank of England was forced to buy a 50 Billion Pound dept to support the Bond Market. Now UK Investors are paying for this dept with anything that they earn from their investments over £3000 each year. Have I explained and got that right anyone???
@h.r.9673
@h.r.9673 Год назад
Thank you. you are create. How can we save are wealth now? gold?...
@HH_Linkmusic
@HH_Linkmusic Год назад
Exactly the situation of Japan. Maybe there's other factors so that yen is still OK?
@alexhenke1979
@alexhenke1979 Год назад
Ray‘s polite educational way of saying that US Dollar, Euro, Yen and Yuan are toast
@Thakurrajesh680
@Thakurrajesh680 Год назад
He is only talking US dollar AND EURO LOL
@vancouverbill
@vancouverbill Год назад
Everybody's gotta to quickly sell everything they have, buy solid gold and move to NZ to build a bunker lol
@johnnewell7535
@johnnewell7535 Год назад
Brilliant
@crismar8714
@crismar8714 Год назад
Excellent explanation, Mr. Ray Dalio, this is a brief review said in his great book, Principles for the New World Order. The question I ask is if this behavior is not reversed, when does this bubble burst? thank you very kind
@bcampbell1826
@bcampbell1826 Год назад
This reminds me of a process, Not An Event. I think we are living in the bubble bursting IMHO that is. The Brics nations have established their own currency. Time will tell us how fast this happens. His book comes in a audio book, Thankyou 4 the suggestion.
@jaseem1234
@jaseem1234 Год назад
What are the measures usually taken by the government to slow down or stop bank runs?
@BigChiefWiggles
@BigChiefWiggles Год назад
They call it a 'bank holiday", they close the banks and try to stabilize the economy while everyone is sitting there hoping that when the banks open again there will be something left.
@rishitkhakhkhar5242
@rishitkhakhkhar5242 Год назад
Sir what do you think about China? Can Yuan be the new reserve currency or should there be a reserve currency backed by gold? And while Fed and all central banks are increasing interest rates, China's central bank is decreasing interest rates. How do you think this will impact the Chinese and global economy?
@harsimran1
@harsimran1 Год назад
How does One track this?
@prashanthtalla
@prashanthtalla Год назад
Is this happening to USD now?
@suhasdhamorikar5890
@suhasdhamorikar5890 Год назад
Americans should understand gravity of situation.Print money invested in stocks making them too large and its a dead end like gold stored in household earlier
@brendon8207
@brendon8207 Год назад
Is this essentially what the are doing in Japan with YCC
@DANELL-kh7zm
@DANELL-kh7zm 3 месяца назад
📣NOW PLAYING
@ltmsimply
@ltmsimply Год назад
Control & Greed will bring any nation to their knees 😢. We are not far from it…
@kvdhar5041
@kvdhar5041 Год назад
One more link in this chain. Selling the Debt triggered by interest rate hikes. They slowed down now sensing the worse that could happen next.
@seymourrivers6169
@seymourrivers6169 11 месяцев назад
Consider the chances of government cutting spending or raising taxes. If they do neither, inflation will continue 🎉
@futuresmkt
@futuresmkt Год назад
Wouldn't it be in the interest of bondholders to hold? US Treasuries are not the british pound(Soros), where do those dollars received, now go? If wholesale liquidation, a Robert Rubin move might help but, the global economy collapses because of no alternative globally traded currency. Structurally I agree but the unwinding process is unknown.
@kth6736
@kth6736 Год назад
If the collapse of dollar system benefits them more than cost of an economic collapse they will do it.
@tonysanders147
@tonysanders147 26 дней назад
It's happening right now
@ctrl-shift-run8681
@ctrl-shift-run8681 Год назад
Sounds a lot like the USD at the moment.
@wujay7883
@wujay7883 Год назад
In china, there is an old saying goes: scarcity is the value.
@lupiscask
@lupiscask Год назад
👍
@jpdurr
@jpdurr Год назад
and with as much money the Fed has printed since the start of COVID, the Dollar is still strong. Past indicators might not be as useful when applied to current times. The situation is quite different.
@sushmasagar316
@sushmasagar316 Год назад
The dollar is holding on because of the UKRAINE WAR. American dollar thrives on bloodshed and misery of others. That is why you have a robust armament industry. Great country, USA.
@mjkrh
@mjkrh Год назад
Yes but USA exports their inflation throughout the world by printing more money. Therefore literally everyone else suffers and working to get another system. Right now the global economy will collapse if dollar isn't valued but not for long. Everyone is finding new system of exchange between two nations(not the ancient "gold based" but modern "trade based" currency). If they want to stop this they have to stop exporting their inflation and stop printing more money, find a "practical solution" for the problem without any political agenda and brace themselves for a rough short period to save dollar value for a distant future.
@joaquinrivas3067
@joaquinrivas3067 Год назад
It is the perfect description of japanese yen. Which is the rolemodel for western currencies...
@NaNa-wj8tw
@NaNa-wj8tw Год назад
Except Japan is still a massive industrial production nation who could probably still turn their situation around with a politician willing to do the right thing. The West are not. They run a Ponzi scheme on a minuscule industrial base and will not do what is necessary to realign, just get re-elected and steal the last of the trinkets whilst in office.
@ashkax
@ashkax Год назад
M2 going down. Is this 80s all over again for you Ray?
@nhatminhtran7917
@nhatminhtran7917 Год назад
that happens in any fiats. Every body buys gold now.
@bredeabrahamsen
@bredeabrahamsen Год назад
What are some historical examples of this?
@alexanderk7422
@alexanderk7422 Год назад
Germany around WWI. I am wildly oversimplifying but this is, in part, why we currently have a strong global centralized banking system that pretty much owns and controls the world. I assume the indicators would be at the micro and macro levels i.e. milk and bread prices increase exponentially while central banks/the Treasury struggle to address the volatility, and likely devaluation, of treasury notes (Fiat/TBills/TBonds... crack cocaine and the few nickels in my piggy bank). Of course, this would inevitably led to military conflict much like it did in Germany WWI/WWII. Big banks consolidated power in the chaos.
@TannerStarr
@TannerStarr Год назад
There's many examples of fiat currency's collapsing - one of the examples Ray Dalio uses in his book (Navigating Big Debt Crises) is the Weimar Republic
@alexanderk7422
@alexanderk7422 Год назад
@@TannerStarr Hey! Vas ist los? That's what I said lol
@TannerStarr
@TannerStarr Год назад
@@alexanderk7422 sorry, did not see your post when I posted mine - it wasn't loaded at the time
@alexanderk7422
@alexanderk7422 Год назад
@@TannerStarr No worries! I probably got the idea from Ray same as you. 😉
@iivanov22
@iivanov22 Год назад
Is that the case with USD currently?
@user-xv3rh9sd2z
@user-xv3rh9sd2z 8 месяцев назад
Same thing like you want to pump your coin you buy up so value goes up then real buyers comes in you want bring value up you buy it again but at some point you want to sell it all to exit becouse you don't want to be that last buyer so you Will sell and 90% collapse of value so soon there usd eur all Fiat gona fall down
@agentxyz
@agentxyz Год назад
that's why i converted all my cash into beanie babies and NFTs
@JoscelinTrouwborst
@JoscelinTrouwborst Год назад
Dear Ray is warning and warning again. However, US politicians don't listen.
@mikehynz
@mikehynz Год назад
Lierarlly just started your new book.
@douyu1971
@douyu1971 Год назад
the central bank having to come in there and buy the debt that no one else will buy in large quantity
@peterwang5272
@peterwang5272 Год назад
what happened to him? He is getting thinner. Health problems?
@stanleymulengamwamba5508
@stanleymulengamwamba5508 Год назад
🇿🇲❤
@Troonielicious
@Troonielicious Год назад
Keeping the ponzi alive so that we don’t eat esch other
@jimross8150
@jimross8150 Год назад
I just want to own a house just one house is that so much to ask😢
@the_rebel215
@the_rebel215 2 месяца назад
Hope you will own multiple homes !
@Pravin_Yeshua_BTC
@Pravin_Yeshua_BTC 3 месяца назад
Isn’t that happening already in America?
@MM-cp4mi
@MM-cp4mi Год назад
How do you know the balance of supply and demand is off...and the central bank buys the debt with newly printed fiat?
@lucasvlog6034
@lucasvlog6034 Год назад
Only Wixpool offers good returns from investments in DEX platforms on reliable networks like Bitcoin. And I dont see the point of working with risky assets...
@ashkax
@ashkax 11 месяцев назад
China has consistently been one of the fastest-growing economies in the world for more than forty years. Now it is not. Stagnant consumer spending, the ongoing collapse of housing market speculation, and the end of the boost from foreign demand for manufactured goods have combined into a severe slowdown.
@stuart6478
@stuart6478 Год назад
except this is all based on observing something that may not even exist. but it could be true. we'll see
@strawman3070
@strawman3070 6 месяцев назад
Who is obligated to pay any debt? One may be viewed as a statutory person who resides in the state. Read your state laws and the UCC. Understand what is happening. If america is a business then it runs 24 /7 365 and its employees excuse me ... Citizens dont miss a day .
@Ro-ni7nm
@Ro-ni7nm Год назад
Isnt this a cause more than a sign
@daveycrocker4466
@daveycrocker4466 Год назад
Just remember, this guy is not on our side. He’s with them.
@drsatyamupadhyay
@drsatyamupadhyay Год назад
Ignorance is a bliss. Just remember.
@user-ol7tl1vf5m
@user-ol7tl1vf5m 3 месяца назад
The relationship between individuals and fiat currency often resembles Stockholm syndrome, as people become attached to a system that holds them captive, despite its inherent flaws and manipulative nature.
@danielscott1409
@danielscott1409 Год назад
Is that why the CNY is plunging?
@MrTechbull
@MrTechbull Год назад
This is the moment bitcoin was made for...and Blackrock knows this now as well!
@joelzinho4600
@joelzinho4600 Год назад
Accepting. Hope they don't try and supress Bitcoin Price with bitcoin derivatives.
@thelastbison2241
@thelastbison2241 Год назад
He already told us so much free of charge. Do you expect him to spoon feed it to your mouths along with nice data tables and historical papers? I can't imagine everything going to ruin, in the worst case, we might be a better version of post-imperial Britain or her colonies. In the worst case, we can always find some kind of income generating hard asset, don't know what it is yet, but the Zimbabwe (?) farmers who bought cattle ended up being ok while those that kept paper currencies were less so. I hope no policy maker believe this is good policy though to let it get to that point; when you wipe out the middle class with her savings/make credit unavailable (presumably) and make the poor unlivable through deteriorating conditions, there will be instability and riots in society because people need a way to live without fear/anxiety.
@MD-gk4uh
@MD-gk4uh Год назад
What he said is as useful as me telling my kid: when it rains a lot more then usual, the water has no way to go and it tends to accumulate at the lowest geographical level to turn into a flood. So, while you go to school and you see much heavier rain that indicate flooding find a high point that will be above the flood and stay there till rescues come to get you. The only thing that will happen is their mother getting a call from the school that her kid has claimed on to the school roof during a big rainstorm and refuses to come down, screaming at the teachers that they all gonna die 😂
@thelastbison2241
@thelastbison2241 Год назад
@@MD-gk4uh He is right about one thing, if the US is unable to draw resources from the periphery, you are crazy if you think at some point, the government will not default on *some* of its obligations. I know BS and school yard taunts are popular in politics these days, but I expect a lot of Pikachu faces if the money were ever to run out. As Yellen said, we have to default on something if the money isn't there. Yet, knowing this certainty, it still hasn't made me work as hard as I humanly can.
@MD-gk4uh
@MD-gk4uh Год назад
@@thelastbison2241 There is no “running out of money” with fiat currency that serves as worlds reserve. THAT is the whole point of American globalization effort. Age of Empires where few educated elite could isolate, indoctrinate and coheres the uneducated commoner and thus keep am at bay and useful came to an end towards the end of Middle Ages when those commoner started getting their hands on books and knowledge and became able to communicate that trough written word… Time came to create a new world order when those commoner started one revolution after another whipping out the elite classes across Europe. One order where you won’t have to physically enslave nor keep physical riches to dominate the world over. Every empire comes to an end and when it does it matters not how many enemies it had defeated but how many friends it nourished for they will be the only thing standing between it and the abyss. In short, don’t have to worry about it so long it’s a world reserve currency and when it is not exchange it for the one that is. Pretty straight thing for most of us who are not USA bound. World doesn’t end but it’s nice to have those first world worries.
@hansdoreen
@hansdoreen Год назад
So Japanese Yen for the past 30 years.
@ChuckBowie
@ChuckBowie Год назад
The era of cheaper iphones is around the block
@Muzammil.S
@Muzammil.S 10 месяцев назад
You can thank Bitcoiners for introducing the word "Fiat money" sham to the masses. Otherwise people were obliviously allocating to their 60/40 stocks/bonds portfolios.
@shubhsavla813
@shubhsavla813 Год назад
Who is here after think school's post
@onadioleonardho3336
@onadioleonardho3336 Год назад
Listen folk, ask every Banker or High Status Individual this question : YOU : is that true there is no money except GOLD & SILVER?, they will says BANKER : yes. ask again YOU : so what we used right know?, they will answer BANKER : 'a currency' Some adviced from me is even we're using digital currency in the future, don't forget to own real MONEY in your pocket.
@hxxvxnly
@hxxvxnly Год назад
thank the rockefellers and their buddies
@Alexspeeed
@Alexspeeed Год назад
Why is Japan's currency still alive? They are doing it now for quite a while.
@flowerpt
@flowerpt Год назад
They have significant manufacturing per capita.
@biterness2323
@biterness2323 3 месяца назад
Lmao so many bots phishing for gullible investors in the comment section. These types of videos are unwatchable these days.
@raghav_xp7
@raghav_xp7 Год назад
Think school army ✋
@mattrkelly
@mattrkelly Год назад
If you ever say 'buy debt' youve got to reevaluate your life 😂
@flowerpt
@flowerpt Год назад
Ron Paul 2007: "They'll have to monetize the debt, causing hyperinflation." Obama: "Free stuff!!!" We had a choice.
@JayceNugent
@JayceNugent Год назад
Isn't that what the US is doing right now on a smaller level?
@joelzinho4600
@joelzinho4600 Год назад
Opposite. They are now raising rate and taking money out of the market.... Of course if no one wants to buy future US bonds, as the country runs a deficit, spending more than it brings it, it would have to start printing and buying its bonds... this is the dynamic Dalio is referring too. Game over from there. You get rid of cash and cash like investment, you look too businesses and hard assets and pray.
@JayceNugent
@JayceNugent Год назад
@@joelzinho4600 go to www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm then select "Selected assets of the Federal Reserve". Then click all history... its a clear upward trend... This information is literally two click away. Why is this even being debated?
@tallspicy
@tallspicy Год назад
Actually, the government only has to buy the debt if they want to stem devaluation. If you have a floating currency, you can let it devalue. There is a lot of nuance here and fixed currencies have a lot more at stake.
@bobbudweiser1886
@bobbudweiser1886 Год назад
Ray doom and gloom thinks he's expert in everything doesn't he?? Unconvincing is what he truly is!
@nunnabeeswax2397
@nunnabeeswax2397 Год назад
So basically, the currency is failing now.
@findingunicornsstocks5953
@findingunicornsstocks5953 4 месяца назад
We become slaves with an all electronic money system. Long live CASH!!!
@cryptocryptic4409
@cryptocryptic4409 Год назад
R u giving hints to buy bitcoin! I think Ray Dilio diversifies into Crypto if I remember correctly and he wants everyone to join the bandwagon
@lextor99
@lextor99 Год назад
First
@marcusmouya
@marcusmouya Год назад
He is shaking so much, does he have early signs of ALS?
@Frank-op1lf
@Frank-op1lf Год назад
China it is
@teos9136
@teos9136 Год назад
I just don't see an alternative to USD's dominance. There isn't a single currency that's trusted as widely as the US or the government backing it. It's a military and economic powerhouse. The closest one that's still far behind on many metrics is China and Yuan, but again, I don't see it.
@XRPotential
@XRPotential Год назад
CBDC's.
@joythought
@joythought Год назад
​@@XRPotentialplease god no retail CBDCs. USD can remain the denominator and still decline as the currency of payment but while every currency is best exchanged in USD because it is the most liquid market with the least slippage we are likely to see USD actually backing trade for a long time more even if nominally some trades are supposedly being paid in other currencies and central banks are holding a portfolio of currencies on their balance sheet. In the end Bitcoin and Eth will be big winners from the de-dollarization narrative.
@NaNa-wj8tw
@NaNa-wj8tw Год назад
@@XRPotentialhat's the same thing with greater ability of government to try and can kick. It's not new simply a change of name and the same smoke and mirror game.
@kth6736
@kth6736 Год назад
When someone is looking to demolish your house. They dont think about where you will live next. 😂
@flowerpt
@flowerpt Год назад
It'll go back to exchange rates. Computers enable instant rate adjustments so arbitrage isn't a problem. Shorter: Markets.
@Vancouverman
@Vancouverman Год назад
I have been listening to the BS for years. All wrong
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