Global Currency: The Dollar Ain't Going Nowhere

[@Mbalta001]

There is no shortage of internet personalities that will tell you why America is doomed, but you are the only one I’ve found that can explain why America will boom. Thanks for providing an alternative narrative

[@rbu2136]

Did this guy hold his phone up and fairly steady for ten minutes!? While talking without rambling?

[@willthethrill8661]

agreed

[@juanzingarello4005]

Not just him. Michael Beckley, Larry Summers, also pretty much share Peters view.

[@MrHacross]

I agree much appreciated, but I also know that Americans in general are spending themselves into oblivion. 1.7 Trillion (IRA) divided by 125 million Working Americans = nearly $14k per person discounting the number of folks who don’t pay taxes. Also, these same arguments could have been made about the British pound at one time… but Peter makes a good case here, better than any other I’ve seen. Now if we could only get DC to Stop spending *our* money faster than we can make it, maybe he will turn out to be correct.

[@ProfTricky3168]

@@rbu2136I think he did

[@chuckcurtis]

There’s no where else I can view a learned discussion of finance, history and international relations in such an entertaining presentation.

[@kasRose311]

Try Jeff Snider @ Eurodollar University. He makes Central Bankers look like Simple Jack!

[@Christopher_Bachm]

Entertaining for sure... Makes the Ukraine mess out to be a plot, after all, though. Kinda obvious, anyway. So, many distractions... Folks don't have a clue.

[@steener76]

And hear the word "lubricate" twice.

[@dwgraham22]

This man is absolutely Brilliant!

[@shostako1284]

he is entertaining. But he is not trustworthy for good info, he is just trustful (well... pretends).

[@alpha.sapien]

This is the best explanation I’ve EVER heard on this Thank you sir and keep up the awesome work

[@valuetainer3437]

brent johnson also breaks this down but remember, it just won't happen for now.. but it will happen, 10, 20, 30 years down the road? Yeah.. it will, all fiat currencies die, it's inevitable, maybe with this absurd fiscal spending things might accelerate

[@rideausheep]

as a Canadian all I can say as God Bless America

[@richardkammerer2814]

We might have some arguments in tomorrow’s game, but cheers - we’re on a good continent.

[@godschild6694]

Thank you

[@MultiDrew83]

Standing on the shoulders of giants (from Scotland)

[@jasonnacci4091]

Food, water, wood, oil, steel, democracy, guns, two oceans, climate diversity ... North America has it all. Will get wealthier exporting. Hopefully going to use much of that wealth to help end famines-to-come around the globe.

[@briano9397]

@@richardkammerer2814 😂😂😂 truth

[@venkag]

I live in India, the only non local currency I have is USD 2000+, if I extrapolate my USD holdings, trillions of American dollars are floating outside US. If a new currency has to replace this, printing that currency would take years, imagine the inflation impact of this new currency on their local economy. No country would have the courage to replace USD as a reserve currency. Peter's argument is very logical.

[@johnstrauch8949]

You dont have to print money soon it will be digital😊

[@cryptowhale9350]

Buy xrp. Not financial advice

[@kvapower3925]

@@johnstrauch8949 True! But the trust factor with American bashing is still dominant in any transaction.

[@oldschooloverlord]

Disagree on this: the result of becoming the reserve currency is that inflation doesn't happen. People outside your nation start using it for trade extensively, which actually strengthens the currency because it is in demand

[@johnstrauch8949]

@@oldschooloverlord many nations are about to use other currencies to conduct bussiness, and yes as long as the dollar remains the world reserve they can print endless amounts without the true inflation that happens to any other country

[@Hannahbenowitz]

First off, the belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?

[@HildaBennet]

Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares or ETF that you are interested in.

[@JosephineKenney]

Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.

[@FinnBraylon]

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

[@JosephineKenney]

Her name is “ Sonya Lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@FinnBraylon]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@Billfish57]

If you lined up all the economists end to end, they still wouldn't come to a conclusion.

[@allisonmarlow184]

😆🤣😂

[@ronaldsmith2343]

Yes, they would - then MARVEL would use it for a new comic book.

[@texasjack]

@@ronaldsmith2343 or some nice firewood!

[@bighands69]

The problem with economics is that it is theoretical and not easily applied to the here and now. There are certain universal truths of economic such as supply and demand in the marketplace or structural aspects of currency that hold true.

[@stevenoverlord]

Peter Zeihan no different. Dude speaks in such absolutes and logical inconsistency. He uses the British empire and Spanish empires hegemony and their global currency as proof that The American dollar as a reserve currency and their empire arent going anywhere?? Where are the Spanish and British empire today? Dude sounds smart but is a pure propagandist. He literally gets his paychecks from western think tanks.

[@Sweeptheleg83]

I love when Pete just breaks it down like this. I do feel like I hear someone say this every few months and it gets annoying after awhile cause its like "you continue to push this but it never comes to fruition".

[@thomasborgsmidt9801]

It is generally so, that Putin is as great an economist as he is a general. I.e. pitifully BAD.

[@AmericanFlyOnTheWall]

I remember when the savings and loans crashed in the early 80s. I was in high school. U.S. bonds were going to be worthless and the dollar was going to crash within 6 months. 😂

[@Zimbob2424]

They are market manipulators, or trying, that and if you look behind some of these people you would see they sell stuff like gold or stocks, etc

[@jonleggett1543]

"No shortage of people who are anti-American, can't do math and have no sense of history." That's an awesome burn.

[@joebonsaipoland]

exactly. CRP for one and he's an US CITIZEN - though he pretends to just be Chilean

[@patrickwentz8413]

I might just use this as my signature block quote from now on.

[@michaeldobson107]

He's not wrong, either. lol.

[@Vzzdak]

It's akin to people who push get-rich-quick schemes, and then beneift from the resulting bad decisions.

[@deezeed2817]

He's wrong, America has made a huge mistake by weaponising the dollar. Nobody says that de-dollarisation will happen overnight but if he honestly thinks that the era of the greenbacks domination is going to continue to last then he's delusional. It's not a matter of if but a matter of when.

[@OutThere5]

This man is at the top of his game . Thank you for the explanation!

[@DragoonXV]

I watched one of Peter's videos from 2014 I believe, right before Russia took Crimea. He went over a lot of details and predicred with great accuracy what the major Flashpoints would be over the following years. Not everything has come to pass but he's been better than Ray Dalio or the gold bugs.

[@jakvos342]

American currency: horribly mismanaged Every other currency: literal monopoly money

[@tommyt1785]

Every other fiat works exactly the same way

[@lloydgush]

Don't offend monopoly money in that way!

[@bighands69]

The US currency is amazingly managed. It has been used to try and build peace at the global stage but that can only be done with an economy at the scale and depth of the US economy. The US has thousands of trillions of assets in value and can easily dig that deep. The main problem the US has is that it cannot easily create enough currency to fill in the voids when it occurs hence why free money is not available when needed and QE is required.

[@troythomason8032]

Don't forget the world of ones and zeros "currency".

[@ProfTricky3168]

Moral of the story, every currency is bad, but Americas is the least bad

[@ivancho5854]

Ah, something that I know a bit about. 5:30 The British didn't allow the pound to be used in the colonies because it was backed by gold and if it was used then gold would flow out of the UK. This is why a lot of former British colonies (eg the US, Canada, Australia, New Zealand, about 20 countries in total) use Dollars. Dollars comes from Spanish Dollars, also known as Pieces of Eight, which were commonly available. Although it didn't matter as much back then as they were all gold and it was the weight and purity of the gold coins that was important. I suspect that the Spanish didn't care that their currency was being used everywhere because they had such a huge influx of gold from South America (but I'm not sure). All the best everyone.

[@CedarHunt]

That was a very interesting read. Thank you

[@alexfortin7209]

Very interesting comment: I always wondered why pounds were totally foreign to Canada and Australia but never knew the reason.

[@jwadaow]

@@alexfortin7209 they started using dollars relatively recently and before then was an Aussie pound and Canadian pound.

[@alexfortin7209]

@@jwadaow In Canada, it’s the Canadian Dollar since 1858. My guess is the the Industrial Revolution drastically increased the economic exchanges between U.S. and Canada.

[@ParcelOfRogue]

That influx of money from colonies into Spain caused an ancient hyper inflation which destroyed their economy and caused a mass exodus of Spanish people to the colonies, mainly S.America. Spain was the most populous country in Europe and most powerful but never recovered. It's now a medium sized popn. and economy and a relative backwater.

[@stevenwilliams1915]

Peter's take on geopolitics is so unique... When I think of the deep corruption in day to day politics in D.C. it is refreshing to get a perspective in which that becomes inconsequential. It's not that the cess pool in our capitol doesn't matter, it does, but there are forces at large that are deep and powerful and Peter nails it when communicating them...

[@jimjam5570]

This guy in another video implied that he believes that there are actually 2 parties vying for power. He's a lying UNIPARTY mouthpiece or a naive numbnuts. Now, in this video he espouses us military might, despite recently proving that it can't even track or verify spy balloons... And then he proceeds to contradict himself, such as stating no one else can enforce economics or manipulate currency without feeling it at home while simultaneously explaining that China simply refused taking back currency. 😅 Or saying that china's manipulation makes it unstable, but saying America's stability comes from how manipulated it has been. Because he doesn't see it as manipulation when America does it. Amazing! 😅

[@nicholaskruger9460]

Seems like a crazy person Hoping? Well I hope it’s smooth sailing

[@theprophet489]

Peter is so right about this but the American people are brainwashed and living in a fantasy dream world who knows what is happening and paying attention to what is happening globally speaks out they say you anti America one thing he is wrong about is the power of the west he is short sighted about the world future

[@lo1234-w9r]

Problem is the swamp is not inconsequential, this guy has to be a stooge for some 3 letter agency. Brought to you by the same people that gave us qanon.

[@ANTIStraussian]

​@@lo1234-w9r your conspiracy world view is indistinguishable from a q anon nerd

[@erikrobinson89]

I hope you are right Peter, I don't KNOW if you are, but I hope so. You have solid arguments, but we can all be wrong. Reality has a way of being erratic at times, even to the most thoughtful. Either way, thanks for throwing your hat into the ring, you certainly give us a lot to think about!

[@gfresh353]

Wow. I had no idea of the reasons for why the U.S. currency will remain the global currency of trade for the foreseeable future. Good explanations. Thank you.

[@eduwino151]

Russia wont exist as a power for long, Chinas shadow banking debt and real estate bubble just ensured nobody will trust their currency ever again, only America will replace the dollar with something else

[@bighands69]

The US economy is extraordinarily deep. The reason why the US government uses QE is that it cannot supply enough money to the system at times.

[@fnuclone1229]

@@bighands69 So they print more and more and the rich get richer and the poor get pooer.

[@protorhinocerator142]

@@fnuclone1229 The poor in the USA are richer than the middle class in most countries. Also if you have a clever idea, enough sense not to ruin it, and the drive to make it happen, you can become stinking rich in the USA. There are many examples of "rags to riches" that don't exist in other countries. Elon Musk came here from Africa, never gave up, and is now the richest man in the world. That couldn't happen in China.

[@anothenymously7054]

@@protorhinocerator142 elon was born to money.

[@zionarra853]

Every time I hear someone say dollar is dying because of rouble, yuan, or whichever currency, I ask them how much of your dollars have you converted to said currencies? Answer is always crickets.

[@lip124]

Facts

[@nancyd2240]

I learn something new every time I listen to you. Thank you.

[@allisonmarlow184]

I love how each video has such an amazing backdrop! It's always interesting to see where he'll wind up next. Best course ever!

[@deborahcurtis1385]

Winding up at home with snow that's double predictions ... 12 hour forecasts are the most reliable in mountainous terrain like that, everything else is just indicative. I admit to being mildly concerned when he said he was scaling a bit of a mountain face next day....but anyone doing what is a form of risk analysis for a living, manages risks in general. He probably has a satellite phone and more. He's having a great time!

[@philbiker3]

I know! I want to go on a backpacking trip with Peter. I can only imagine the campfire discussions. Adirondacks - Feb 25-7 two nights in the bitter cold - Peter - message me and get your snowshoes ready!

[@rjohns25]

It’s like a “Where’s Waldo” or “Where in the World is Carmen Sandiego” of geopolitics 😂😂

[@russell3038]

Thank you Peter, excited to read your latest book.

[@bobmunchen4364]

Nobody wants the Yuan - it’s not even a real currency

[@ryanhorsley9965]

"The dollar is going to collapse" can be filed in the same alarmist junk bin as "peak oil" or "the EU will overtake the United States". Great presentation, Peter!

[@jrpark05]

Correct, ....or that China will overtake the US. (having lived there it will never happen)

[@ImWatchingYou69]

Also, "overpopulation" and "the coasts are gonna be under water in 10 years trust us bro!" LMAO

[@jacksons1010]

Hold up - “peak oil” did happen; traditional oil reservoirs have been in decline since 2005. We now have oil at multiple times the cost, and the economy has adapted, but denying it happened reveals a misconception about what the term meant.

[@suntzu6122]

The dollar already has collapsed is the point. Weve lost 99% of its purchasing power since launch, with it losing value every second of every day.. always. Our government doesnt even control inflation. The federal reserve (not a part of our gov) and private banks, control our currency.

[@jacksons1010]

@@suntzu6122 No, you're being ridiculous, and I can prove it. Take a paper dollar and go to Taco Bell. Buy a bean burrito. Eat it. You've just demonstrated the the US dollar has material value - it has NOT collapsed. Furthermore, the Federal Reserve absolutely is a functioning part of the government. You're indulging in conspiratorial misinformation that doesn't do anybody any good.

[@allisonmarlow184]

We've never believed anything like that, chalking it up to typical false propaganda. Thank you for sharing your knowledge and wisdom. Saw you give a college lecture and you kicked ass!🇺🇸🇺🇦

[@H3LLS3NT4SS4SS1N]

Which lecture are you referring to?

[@CaptainOverkill]

This stuff about the USD collapsing isn't really "false propaganda," it originally came from the Ron Paul libertarian crowd in the wake of the financial disasters in the early and late 2000s. The idea was that the US would enter a hyperinflationary state due to government overspending combined with the Fed's quantitative easing programs, and at the same time a competitor (usually China) would introduce a gold-backed currency. For a lot of the reasons Peter laid out above, this idea was obviously very wrong. The US is having some problems but is nowhere close to a hyperinflationary collapse.

[@shawnsecrest4097]

Is that a Ukraine flag there will not be a Ukraine soon

[@jackinsonpablanes760]

@@CaptainOverkill Even if it was backed by gold the western nations have more gold than china but how about guys like Robert Kiyosaki and Peter schiff who keep saying shit like "the dollar is trash, it will collapse, it's toilet paper, it's worthless"

[@xanders.3810]

@@shawnsecrest4097 Idiot

[@kencavender7369]

America is the hub of the worlds economy. If it goes down..everyone goes down. I never listen to these fear mongers on the internet saying America is doomed and you shouldn't either!

[@johnc2438]

To add my tidbit of historical context (I'm an old retired U.S. Navy chief petty officer), I was serving in Vietnam and clearly remember reading the "World i$ Ending!" and "It'$ OVER for the Dollar!" and "Dollar Collap$E!" headlines in the Stars and Stripes when the "Nixon Shocku" (as the Japanese called it) was announced, taking the U.S. dollar off the gold standard for once and all (and included other actions taken by the U.S. at the time). The French, I recall, were very pissed at U.S. "arrogance" (shocking!). This was worse than Vietnam itself, people thought. The U.S. is DOOMED without a dollar backed by gold. Was it the right thing or the wrong thing for the U.S. to do? Who knows? But the U.S. is still here, and the U.S. Navy, of which I was a part for more than 26 years, is still here, doing its job. Yes, the dollar won't buy what it did in 1971, but that's how currencies work over time: they buy less and less. And yes, the Chinese PLA-navy has more ships, but those ships are absolutely nothing compared to the U.S. Navy's globe-girdling blue-ocean capabilities, tradition, and expertise -- and alliances with other naval-power democracies. If Russia and China are so great, why do so many citizens of those countries move assets offshore and try to leave (many coming to the U.S., even)? Yes, Americans leave the U.S. (part of our freedoms) for many reasons (we have problems -- had them when I was young, BTW -- and we make stupid mistakes, from time to time and can be arrogant), but not in droves, driven by sheer desperation. Thank you for providing some context and common sense about the dollar. Happy New Year 2023 to you and all who view this video!

[@ranthonybab8670]

51 out of 52 countries that have reached over 130% debt to GDP, have defaulted in one form or another. That default can include default, restructuring, or inflating a big percentage of it away. The 1 out of 52 has been Japan.

[@bighands69]

US national debt is not actually the figure that is claimed. Most of that is liabilities and accounting exercises within the government with no repayment structures or holdings. Real US debt is half that of GDP but it also is stacked against total assets that run into the trillions in value.

[@ranthonybab8670]

Correct. Because we're the world's reserve currency we can get away with printing paper.

[@jonathanpfeffer3716]

one small difference being the US is the US and occupies a wholly unique place in the world, so it can break rules

[@m2useinu]

It's not anti-American to be critical of the government. It's more patriotic than going along with what you believe to be the wrong direction. Great video

[@lepidoptera9337]

Criticism has to be well founded in facts. Patriotism is just a word that is being used to make cannon fodder out of idiots. ;-)

[@yougetaspear7799]

Indeed, just look at what has happened to the Creators once great mother's earth

[@Yoda42481]

He sounds like a Cia simp pimp

[@lepidoptera9337]

@@Yoda42481 What's wrong with your hearing? ;-)

[@33moneyball]

Agreed but he’s not talking about criticism he’s talking about anti US fantasy

[@byronlippe]

But as Zeihan has said (in past videos), "I'm not a finance guy".

[@suntzu6122]

-99% purchasing power of USD since launch. "DOING GREAT"

[@Entropy8787]

Peter is so good at communicating complex ideas - top notch

[@stevenoverlord]

Translation - Peter is a propagandist and I lack critical thinking 😂

[@paksta]

@@MrBjjorlando Well, that's a terrible translation of what he said. He didn't even say he agreed with Peter, just that he communicated well.

[@hagestad]

But him saying that Russia does not "really" trade with Brazil of China is not true at all. Apparently now during the war with sanctions they trade way more than before.

[@juanfelipe8484]

@@hagestad exception, not the rule

[@chingron]

I can’t really take this guy seriously after he said bitcoin wasn’t a viable option because their are only 21 million of them.

[@roccscott]

Luv watching and listening 🎧 to everything you have to say peter and especially because you back it up with history lessons 😂. Luv and appreciate even more your candidness and humor !! 🔥💯🔥

[@johanstinson]

Of course you do. Because according to him America is perfect and is in no trouble whatsoever and every other country is in deep deep trouble. He tells you what you want to hear, and it makes you feel all warm and fuzzy inside

[@jamesmcelroy5830]

@@johanstinsonSo basically what you’re saying is he’s a big doo doo face. 🫵🏻😉

[@rartu]

Thank you, you're the only one with sense not using the "Sky is falling" clickbait move!

[@allisonmarlow184]

Really, thank you for that. Your followers all have a good head on their shoulders otherwise they wouldn't even be your followers.

[@tommyt1785]

Peter is calling for the sky to fall in just about everywhere else in the world yet we don't any see evidence of it.

[@colinhobbs7265]

@@tommyt1785 why are all of Germany's largest petrochemical companies trying to spin up as much capital as possible in the US?

[@tommyt1785]

@@colinhobbs7265 what does 'spin up capital' mean?

[@mephik]

@@tommyt1785 Calling the facts of population decline and having theories about where that goes is HARDLY sky is falling. By all means, your opinion is yours but his work is a far cry from the Steve Van Metres out there.

[@courtneyadkins1580]

Thank you so so so very much for making this video! I bet I see “The $ is doomed” posts, videos at least weekly. It’s even more often since this Russian invasion and the speaking of a “multipolar world”. This definitely eases my anxiety as an American 😂

[@parsonsenergy]

Me too. I was born an optimist predicated upon facts.

[@MK_ULTRA420]

@no1youknowz The RMB is less trustworthy than the USD was before it became the world's reserve currency. No one trusts the CCP to control a reserve currency besides some African dictators.

[@manofsan]

This guy is one guy. He's not a billionaire, he's not a captain of industry, or a leader of any country. He's just some guy in love with the sound of his own voice. The only people who flock to this guy are people who need their fragile egos to be stroked. But he makes a living - by telling people what they want to hear.

[@Tyler_W]

@manofsan not sure "the globally interconnected economy is fracturing" is what people want to hear, but okay...

[@courtneyadkins1580]

@@manofsan I disagree. He is very educated and knows what he’s talking about. I get there’s many people who hope for the demise of America (even some Americans). I believe they are wrong and only say this just because the President or party that they voted for isn’t in office. One thing the US is way ahead of China also in technology. Saudi’s turned down Chinas Yuan because it’s so unstable. Chinese Yuan and definitely the Russian Ruble can’t compete with the $ when it comes to stability.

[@francisczekalski6821]

Thanks glad I found the channel

[@Wondwind]

I love how people really believe that countries that don’t have their shit together can somehow team up and suddenly take over the world.

[@jonnymcgrath4816]

You think US got their shots together?😂

[@Wondwind]

@@jonnymcgrath4816 There is nowhere that I implied that, but yes…it does more so than any of the cringe BRICS countries

[@chrisebanks8424]

Excellent presentation. Never had it like this. But absolutely true. Keep going.

[@TradingSquareXTX]

Well said Peter👏👏👏

[@luiul1]

i'm just glad to get a PZ video that hasn't been co-opted about thirty times onto someone else's site for the third of fourth time.

[@lsethhill]

So fascinating. I'd love to hear you weigh in on the debt ceiling. I was in high school in the 90s and they drilled into us how on the edge of oblivion the US is for how leveraged we are. I remember our channel 1 news show running a counter of how fast the deficit was rising by the second.

[@lepidoptera9337]

They didn't tell you in high school that tv is entertainment? You clearly need to ask for your money back. You got a crappy education. ;-)

[@lsethhill]

@@lepidoptera9337 and yet here we are consuming the same knowledge. 😉

[@lepidoptera9337]

@@lsethhill I am merely here to feed trolls. ;-)

[@lip124]

And yet people still listening to the dumb non sense especially from these youtubers.

[@vigilante619]

They've been able to kick the can down the road. You can only print money for so long, tax productive people so much, or borrow. I think the day of reckoning is still coming. Hope I'm wrong.

[@ramonagray8411]

Thank you Peter this gives me so much relief.

[@yuvarajpatel]

Did you cover that the home currency also needs to be the largest consumer of goods and services in the world and also be capable to bring the currency back to home by huge enterprises which are constantly leading the edge of innovation which based in home country.... Awesome vdo btw... ❤️ From India!

[@jakeo1209]

There you go. Perfect. Thank you very much. This reminds me of how some years ago one of the rating agencies (don't remember which one) downgraded US debt from something like AAA to AA+. Everyone went berserk. The market crashed. The sky is falling. Nobody will be buying US debt anymore after this downgrade. This is the and of The United States of America as we know it. I laughed so hard my belly hurt. Later that evening Jim Cramer laughed just as hard on his show. Nobody is going to be buying US debt? Really? WHOSE DEBT ARE THEY GOING TO BE BUYING INSTEAD!!!!!????? Brazil? Russia? China? Oh, I know. Somalia. Greece. Their debt is soooooo much better. This is a good video.

[@HR_8035_YEA]

Excellent analysis. The USD will strengthen throughout this decade as US corporations reshore and boost America's economy.

[@joythought]

Just remember the use of US dollars in the Eurodollar system are probably 5x the US market so the global trade is probably more a predictor of the DXY

[@suntzu6122]

Were losing 10% purchasing power every year with USD. Lmao.

[@HR_8035_YEA]

@@suntzu6122 Who is we? Turks? Argentines? If you're American, just convert your US$ into a currency that is appreciating 10% against the dollar.

[@johnmanderson2060]

Masteclass and crystal clear 👍🏻 Thanks a lot !

[@joe6142]

your being intering again, good work

[@Terra-YT]

Wow Zeihan this might be my favorite video of yours yet. You're a total inspiration and actually because of seeing your success I've decided to start making videos too! Keep grinding, your hard work clearly pays off!

[@onions3617]

Keep going!

[@ethansstopmotionstudio1254]

Utoo

[@FMartini1960]

What about what’s happening now with the dollar decreased in value and the push by the feds to go to digital and no currency ?

[@thierryamezcua8001]

You are the best! Always good information!

[@HerculeseBaby]

I learned so much from this video. I can’t thank you enough!

[@paulsommer1182]

Here’s why this is incorrect: 1. Russia and India just agreed to stop all trades in dollars or euros. 2. Egypt just canceled their letters of credit, which were dollar denominated. They are replacing it with the new yuan bonds. 3. Saudi Arabia is now accepting yuan for exports and paying in yuan on imports. 4. The reason that China can replace the dollar for trades is because the petroyuan is transferable into gold from the Shanghai exchange through the Hong Kong gold exchange. 5. The Bank of International Settlements just added gold to the definition of a store of value, alongside the dollar. 6. China just created a system for multilateral currency swaps called mBridge. 7. Russia is planning on selling oil for gold and yuan. 8. As long as the dollar keeps getting more expensive as a result of the Fed using Quantitative Tightening, they are decreasing the money supply and increasing the interest rate. As that happens, countries which have agreements with other countries based in the dollar will have to add this increase in currency price to the interest rate agreed-upon in the deal. So if the dollar rises 18% against other currencies, and there’s a 2% interest rate on that loan, they really pay 20% because of the inflation. This means that when they buy dollars it is not because they like dollars, it is because they have no other choice. That creates a vacuum in the market, and vacuums in the market are filled. That is a law of nature. What makes the BRICS currency so attractive is that it includes gold within the valuation of the currency. This is why China, Russia, India, Saudi Arabia have all begun frantically buying huge amounts of gold. This is also why you see a direct inverse correlation between the price of gold and the price of the dollar after October 10th, which is when the PBOC began selling dollars to buy gold. Hey the fact that the bank of international settlements is allowing multilateral trades without the use of the dollar is because they have agreed to hold gold from sovereign states as collateral for the trades, which means that they can obviate the need for the dollar. So under this scheme, if India, China, and Saudi Arabia kept some of their gold held in the BIS, then they would be able to trade their own currencies and circumvent the dollar completely. As the United States enters a recession, and inflation increases with the increase of the price of oil as a result of China’s re-opening from the zero Covid policy as well as Russia’s cut in oil production, the United States will respond by increasing interest rates further, but they are going to find that as they increase their interest rates, the dollar will drop, because countries around the world will be selling their dollar holdings. In fact, this is what we are seeing in the trend of the dollar since October. Remember: Even as the Fed was tightening the money supply, and doing it to a degree far higher than they had done in the period of March-August (which is when the dollar was rising), the dollar was dropping instead of rising. Why? Because everyone was selling their dollars and buying gold! The Fed will keep tightening the money supply by selling bonds and as they do it, China and their allies will be selling bonds as well. This will cause the interest rate to surpass the Fed’s target, which will force the Fed to pivot, but by then it’ll be too late. Zeihan isn’t taking the economics of the matter into the equation. The US is going to find itself in a recession, with inflation, and a war. They won’t be able to print the money because it will be too late. The reason that China shut down their economy in April was in order to create this particular situation. They timed their reopening with the war and the recession because of its affect on oil prices. They are an export economy, so they will be manufacturing things for the war and exporting to Russia in exchange for cheap oil. The war in Ukraine is not a war between Russia and Ukraine; the war in Ukraine is a war between the Russia China alliance and the western alliance. The reason that they have to declare war on each other, at least economic war, is because of currency and because of the arms race for artificial intelligence. Whichever side gets their first wins. Having AI which can help predict the outcome of geopolitical and economic moves is akin to having an earpiece attached to a supercomputer and playing chess against grandmasters. It doesn’t matter whether you’re a good player or not, you’re going to win 100% of the time. China needs to take Taiwan in order to prevent the United States from having access to those chips, and they need to do it before the United States can successfully manufacture that amount of chips domestically, which will be about a year at least. In order for China to be able to make a move on Taiwan, they have to be sure that the United States can’t rise to the occasion, which is what they are looking for when they’re watching Ukraine. It may appear to us as observers that Russia is losing the war in Ukraine, but Russia is not at war with Ukraine; Russia is at war with the west. And the west will not be able to switch into a war time economy before running out of artillery shells.

[@ChucksSEADnDEAD]

They'll stop that as soon as their gold reserves start dwindling.

[@nigelharvey640]

Interesting theory. I’d like to check out more on this on my own if you have any sources.

[@Jboroday]

In addition to all of this, African nations have pulled trade agreements in dollars in recent years and moved them to Russian trade agreements, costing the US both access to minerals, resource supply and trade in dollars... one trip with Biden isn't going to fix that and the US has constantly betrayed African nations as have corporate interests that are aligned with the west. It isn't one nation that is moving away from the dollar, and destabilizing it, it's MANY nations. And as much as I respect PZ on many topics, if BRICS nations weren't a financial opportunity, then why did Goldman Sachs fake-cancel BRICS funds then rename them and only offer them to their gazillionaire clients? Things "we" aren't allowed to know...

[@fnuclone1229]

Spot on! You are explaining exaclty what im kind of thinking, but way more insightful. There are too many variables at play that he doesnt touch upon.

[@blairmurri8741]

You can't tighten money supply by selling bonds, because when those bonds are redeemed there's more money out there than there was before!

[@nathanhorne9623]

So informative; thanks Peter, you da man.

[@luciantudor1527]

I'd love an update on this...given the recent news

[@Viddub]

Agree

[@serafinacosta7118]

Just noises. Nothing to it. No unfolding of events. A few Presidential handshakes , lots of photo ops. The dollar took a hit in Brazil , dipping below the 1:5 ratio it has been for years. Last I read it was at 4.9. Blame on the expansion of the monetary base, which has a lag to hit overseas forex markets.

[@user-jd1sv1io4p]

Awesome lecture. Thanks, I kind of knew that was the case but never know why everyone keeps saying the same old BS. Now we know why. Thanks .As always it's always fun, educational and informative.

[@jross68052]

Awesome video. Thanks !

[@crystalbluepersuasion1027]

Awesome video. I wish all the anti-Americans (especially here in America) that keep warning (and hoping) the dollar will tank, would watch this.

[@johndaniels3316]

People that recognize a decent portion of the rest of the world is working to de-dollarize (whether successfully or not) because they watched the Biden torch a century of US policy and weaponize the dollar, aren't necessarily anti-American. They're just observing current events. Zeihan doesn't even mention the petro-dollar, and what the Saudis willingness to abandon selling their oil solely in the dollar means for the dollar. Or what the US itself abandoning the dollar for its own CBDC means for the dollar.

[@tenzinchoegyal4067]

They should go to China and live there

[@opinionated6829]

I'm not Americans. I feel like I am just not legally. I always tell people that say negative shit about this country. Trade me citizenship. People don't understand the global impact of a failed U.S.A

[@crystalbluepersuasion1027]

@@opinionated6829 Exactly. The U.S. isn’t perfect but if it falls……oh, it’d be so awful for the whole world, like it was when Rome fell.

[@cmac9102]

United States and America are not the same thing. Sorry it took me so long to tell yall. Those who are native to the lands are American. The sooner it all falls apart, the sooner non-natives will leave. Only someone who benefits from the death, destruction of people & families, lying & stealing going on in the U. S. would want this to continue. Makes it easy to see who you are on the game board.

[@jaypeter7446]

Whether you're right or wrong, you're fun to listen to.

[@ducoh2093]

Happy to hear that as a European. Just hope the Euro can stay in place as second, but that might be a bit more challenging considering how things are going.

[@MK_ULTRA420]

"Just hope the Euro can stay in place as second" This will probably happen due to their combined economies and being more trustworthy to foreign investors than China, but members like Greece will continue to act with bad faith economic policy (they expect to be bailed out) and become a burden to the Euro.

[@MT-ok9xv]

@@MK_ULTRA420 The EURO is not trustworthy. They just stole $300 Billion, everyone saw it.

[@MK_ULTRA420]

@@MT-ok9xv Compared to China they still are trustworthy.

[@MT-ok9xv]

@@MK_ULTRA420 Compared to China from who’s perspective ?? China, India, Russia, Saudi Arabia, Iran, Turkey ??? These are all the countries America has been threatening throughout this entire conflict. Just non-stop threats towards these countries. They’ve all realized they need to get off the dollar no matter what. Did I say dollar, I meant “petro-dollar”...... which the Saudis take in Yuan now .... I’ll leave it at this: Financial systems are built on trust, and if they are weaponised they lose the trust required to maintain their dominance.

[@MK_ULTRA420]

@@MT-ok9xv lol that's hilarious, no one trusts the Yuan to be the world reserve currency, especially not while the CCP is still in charge of China. India's Rupee is more trustworthy and they had a demonetization in 2016. You're still stuck in your feelings, which is why you're so confused.

[@ryanstroeder7908]

The argument people are making for using alternative reserve currency is that they won't be using a single currency, but rather a basket of currencies. Why did you ignore this claimed approach? Would appreciate your thoughts.

[@XquizitRush]

Basket currency trades do not have the value precision that a single currency does.

[@elvo6217]

Wow so detailed I have to re watch this a few more times to truly digest it all and have an understanding

[@toddcapota5910]

I always find peace in all the madness and chaos watching these videos.

[@xdoyleyboyx]

What do you think about a digital global currency? Seems we might have a liquidity problems with the banks.

[@snsllytle1]

There is a problem on the horizon as Saudi Arbia has announced they will accept other currency than US Dollars for oil. Loosing our status as world reserve currency (petro dollar) will cause many issues. Especially since the dollar has lost 97 cents of its original purchase power. Purchase power is the basis of currency value. Gold backed currecncy is the only way to properly support currency and has always been that way.

[@peteg6118]

Talking up American decline has always been popular on either side of the political spectrum. Thinking that some other nation is going to eat our lunch keeps us on our toes. We just need to ensure that certain segments of Americans don't weaken us.

[@peteg6118]

@RandomInternet User Yup, these scenarios could prove to be a reality at some point. Disinformation drives much of this division. With the rampant growth of AI we will likely see more compelling disinformation which may accelerate this death spiral. Let's hope not.

[@ryanwoody4503]

my question is if Saudi Arabia and Opec say they do not want to trade oil using the dollar any longer what happens to our currency then

[@rftrusse84]

I had to come back and watch this video again, just to help put my mind a little bit at ease

[@SeanTheNoob]

Do an update on this video regarding SA not resigning their deal with the Petro Dollar

[@brocklanders6969]

Lol. There is no such thing as a petrodollar, but either way it will have no impact on the USA.

[@brocklanders6969]

There is no such thing as a petro dollar. There’s a fake petrodollar news story doing the rounds that Saudi Arabia and the U.S. had a 50-year contract in which Saudi agreed to settle all its oil sales in U.S. dollars. Supposedly, this is meant to foreshadow the end of dollar dominance and is good for cryptocurrency prices. Except there was no such deal.There was also a 1974 agreement between Saudi Arabia and the United States. However, it did not require Saudi to use dollars for oil sales.

[@LK5860]

Brilliant. I love the way he leverages ongoing relationships he's built with all of his past client speaking engagements and such, being provided with ongoing, and updated inside info from all those various sectors, and industries they represent. Then using All that current information from so many different sources, as components for such spot-on analysis. That combined with such a comprehensive command of history on a global scale as a reference and comparison. Brilliant.

[@quethaa1340]

Thanks for the knowledge and information I can go research myself

[@steveelrino1339]

Interesting video. My question when I hear these things (which I find believable) is what happens if the US debt gets truly out of control and/or we print money like crazy? The idea that our deficits or our printing can be managed is hard to believe for me. We have politicians pushing for massive programs/spending with zero idea how to pay for it (some agency will be deputized to figure that out later even though no known taxes would manage), on top of our deficit spending already. I thank you for the videos.

[@scepticalbeliever]

Most of the debt is owned by the US and essentially is a historic note of government spending (investment). According to the Modern Monetary Theory economists, it's not a problem as long as you manage inflation (doable if we continue to innovate I think).

[@user-mg4cn6wm1u]

The dollars status as the reserve currency makes a lot of this not matter, because people will always give us more loans because the world needs to buy all those dollars from us to spend on the global market. The only possible consequence to the US of spending money hand over fist would be if the debt payments themselves overwhelmed the American treasury's ability to pay. At that point the consequences would come down to what measures would be taken to stem the bleeding (tax hikes and on who, austerity, infrastructure investment, etc). Politically speaking that would be a bear knuckle brawl between the progressives and wall street, and I wouldn't guess as to who would come out on top. The outcome of the fight would likely have a large impact on how the recovery went, and what the consequences to the world would be.

[@unatrek2821]

On other hand quarter US spending it keeping over 70 people alive, we could cut that and ok 10000 more people die, unlike China if they cut 25%of govt spending boy thats like basic road maintenance and stuff. the US system with 2 houses of congress and president and wealthy people buying control also tends to not agree on new big spending, we complain but compared to japanese system which builds bridges to nowhere and stuff the US system is finscally conservatiive, in comparison. Im not saying US is smart, just relatively not as dumb. . . On other other hand, the EU systems basically steal all drugs from US companies by forced licensing so that saves them a bunch, and they force their doctors and nurses to work for less via monopoly govt control of rules, so yeah they probablyll have less costly medical system to help them balance budgets.... The hidden danger is pensions and promises to govt employees of heathcare till death THIS IS THE BIG THING TO COMPLAIN ABOUT ANYTHING ELSE IS MINOR, its fun to complain but unless you solve this you're sorta avoiding 60% of the money about to be lost. . . And we sorta need the youth to rebel and say NO to million dollar heart surgeries for 80 year old person, this may happen, as I age I am fine with dying who cares if die if always tired cant do much in bed and getting fat.... So, its not just overspending, we need a few fights to be fought, are you for all these fights against old, etc or you just like to complain about Food Stamps which are 1% of the problem ???

[@johndaniels3316]

@@scepticalbeliever You're retreating to MMT as your motte and bailey?

[@scepticalbeliever]

@@johndaniels3316 I'm reading a book about it now so the jury is still out but they may be right about a few things if not everything, of course.

[@markfrancis5164]

Zeihan= Clever Caustic Clarity on Commerce.

[@epasser1]

Education, 0:36 Logic and reason is refreshing ! Thks

[@cjmars212]

Problem with the dollar is the same problem with every other fiat currency..its not a good long term store of value. You need enough to pay the bills but if you save any further amount, it gets eaten by inflation. You are also betting on the FED not printing a few more 10s of trillions

[@Rob_F8F]

The US has been on fiat currency since 1971. There are no other major currencies that are not fiat. To move to A gold/silver based currency would be to crash the global economy and make the majority of people penniless.

[@cjmars212]

@@Rob_F8F if you look around a lot of people are already 'dollarless'..they go to work and they still don't have enough currency to pay all their bills..middle classes are starting to get wiped out in Europe at least. Not predicting dollar collapse anytime soon, but it's not going to survive forever

[@robchrisaustinsteve]

Yeah. He talks about “people not knowing history” but literally fiat currencies die every generation lmao

[@Rob_F8F]

@@robchrisaustinsteve Can you provide an example of how fiat currencies die in each generation?

[@robchrisaustinsteve]

@@Rob_F8F todays currency isn’t the same- even if it had the same name. In the 1800s the first dollar was backed by either silver or gold. The 1900 dollar was just backed by gold. Then in 1970 it wasn’t backed by anything anymore- thanks to Nixon. These are all completely different currencies- just cause they have the same name doesn’t mean anything. We’re about due for another change, I say

[@charleshill7184]

IMF Special Drawing Rights (SDR), not SDF. The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries. The SDR is not a currency. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity.

[@bighands69]

The IMF cannot exist without US underpinning it.

[@putitback4789]

SDF 😂

[@Canada-gs3jc]

All zeihan is saying is America is the global reserve currency. The British pound was too, it no longer is. Time… Gold is timeless.

[@LandYall]

Americans: how's your purchasing power going? In my lifetime alone, I've seen prices in USD go up 3-4x and watched our manufacturing fly off to other countries while folks from other countries come here seeking the jobs that remain. This system is for the "fat cats" only.

[@nocapbussin]

Exactly. This guy is hubris personified. I am American and it doesn't take a genius to see the central banks are purposely inflating the currencies into oblivion

[@stonedsour2097]

Zeihan is the Jim Kramer of geopolitics

[@edenpagani1243]

Thank you so much! I sent this to my family

[@NickApex]

I had never heard an accurate assessment of the situation. Extremely important for those of us who've run into the believable fear mongering that have not chased the matter to its logical conclusion.

[@eterno2457]

what expertise do you have to verify the accuracy of this?

[@mrplow2843]

@eterno2457 its pretty accurate. I'm an Economist and minority in History. What zeihan said about people having no understanding of economics and history is hilarious and spot on. People live in a la-la land reality created by media. Most people are NPCs completely incapable of seeing things in an objective manner.

[@joebonsaipoland]

KING DOLLAR - LONG LIVE THE KING! I've been saying this for years!

[@anthonycunningham4598]

Thank you and well said!!

[@James-mw7zv]

Our saving grace is that other countries are as screwed up as we are. There is no alternative to the screwed up dollar that we need 1.4 trillion each year to pay our bills. Whether the dollar is replaced or not, its value will diminish significantly.

[@AlecMuller]

Fun bit of history: when the US did experience hyperinflation during the Revolutionary War, it was due in part to British counterfeiters, who printed half the Continentals (US revolutionary currency) in circulation and used them to buy up war supplies.

[@bighands69]

Nope that is just fantasy. Inflation ran away in the US because it simply at that stage did not have a fully functioning economy. It was a dependent economic entity of the British Crown meaning it simply was not functioning at its true economic output levels nor did it have any really ability to impose policy at either a currency level or government entity level. These were some of the driving factors of the revolutionary war in it is self. Currency manipulation was not the reason for the inflation.

[@SuperDrake85]

Fun bit of history 2: The US government continued to make bond interest payments on sovereign debt to British banks and British private citizens during the war of 1812. Even as the British burned down the US capital, the US government dutifully paid its bond interest on time to British bondholders.

[@protorhinocerator142]

@@SuperDrake85 It's one thing to be in trouble with the king. It's another thing to be in trouble with the banks.

[@SuperDrake85]

@@protorhinocerator142 Nobody on either side of the Atlantic had any interest in messing with that relationship.

[@hybridlifehealth1912]

The problem I am having with you is that you are condescendingly comparing the US currency to other currencies. You are not comparing the currency against the stuff you need the currency for, which is goods and services. And for saying we have no sense of math or history, please look at any other country who has held the reserve as a fiat and not backed by Gold or silver. You sound like a Ph.D from an institution that knows enough to sound smart and be dangerous, but are missing specific variables an average joe cant see for themselves. Currency at its basic level is the exchange of goods and services and needs to have some type of intrinsic value to move from that definition. It literally blows my mind to see so many people in the comments thanking you etc... etc.... look at the value of the dollar at your grocery store people! you can argue other currencies are weakening faster than the dollar, but REMEMBER, currency at its fundamental level is the exchange of goods and services!!! guess what- AMERICA does NOT produce and SERVICE even close to as much as other countries because of our corporate tax laws etc.... its too expensive because of our government policies! That's why when you call customer service you are speaking to someone in India or when you buy something it says MADE IN CHINA!!!!! That's the real currency! GOLD, SILVER, and other things like food, ammo, skills are the greatest form of currency. GOD BLESS and know that Jesus died on the cross for our sins and we are saved if we believe in Jesus's Sacrifice!

[@benhael3624]

Hey man God bless you for sharing about Jesus and some good logic on this topic. Its good to see somebody who loves Jesus and has a brain. I think it will take a civil war in the US or some other similar violent mass unrest to put the nails in the dollar coffin and get the hyperinflation train rolling, but things should remain relatively stable till that point. Would you agree? I am in Seattle right now but will likely move to Texas or probably Peru. Peruvians are humble people who dont trust government, know how grow food and do not subscribe to leftist ideologies. And that makes me think they will whether the storms to come long enough for the west to get the beatin it wants, snap out of it, and come back strong again. What are your plans?

[@ralphd85desjardins17]

Thanks, Mr. Z. Have a safe day.

[@zeusvalentine3638]

I always laugh when people say the USD is finished and that gold or silver or some other nation's currency is going to be the new dollar.

[@bsmithhammer]

That's really the only appropriate response.

[@letsRegulateSociopaths]

gold goes to 5 million per oz !

[@tokul76]

Eight month ago Russian central bank declared that they will be buying gold at fixed price and nutjobs decided that ruble is back on gold standard.

[@briano9397]

I never understood the argument about gold anyway, it's not like if society collapses people are going to be forging out earrings

[@bsmithhammer]

@@briano9397 I also have to laugh when people hold up gold as some sort of solid commodity. Ultimately the value of gold is largely perceptual. In fact, a currency based on an entire economy that is the largest the world has ever known is far more solid than something that derives most of its value from being a shiny object. This is 2023, not 1723.

[@mustangsix3345]

Thanks Peter. It would be nice if Ziehan could analyze why is the US Fed exploring moving towards a digital currency?

[@protorhinocerator142]

If the currency is digital, it could be controlled centrally. While politicians would absolutely love such power, it would destroy the concept of having so much money overseas (outside central control) that they don't have to manage it, and CAN'T really manage it, making it that much more valuable.

[@manofsan]

Fed was created to exercise control over people's money. It gets to control the value of people's money all the time, by lowering or raising rates, mainly to control their spending behavior. This kind of control is doomed to deteriorate into corruption. The Fed kept rates too low for too long, while its political masters wrote lots of blank cheques, spending money on whatever pleased them. This has created massive inflation, and the Fed is now having to suddenly tighten in a very sharp way, while the politicians continue to spend even more money irresponsibly. This has created a crisis in confidence in the value of the US Dollar, and talk of de-centralized finance, so that the Fed-worshipping central control-freaks are now desperately scrounging for a new gimmick, like a new digital dollar that they can force everyone onto, in order to gain new control over their lives (even while ensuring that any alternative digital currencies are banned)

[@stapleman007]

The processing would change, but the $$$ wouldn't change. Basically it would make public the Swiss bank international settlement balance sheets, which will NEVER happen.

[@thevisiblehandtrexecon5215]

You should invest in Chinese real estate.

[@bobs5624]

Great perspective. I needed that.

[@zero-ol2nt]

This aged well

[@TheKruegShow]

Phenomenal break down Mister Zeihan, I heard you on the Joe Rogan podcast and it was amazing - I highly recommend it to anyone who likes this video. Certainly pierces a lot of gloom and doom clickbait that you will find all over social media.

[@SelfReflective]

@04:25 he mentioned something a lot of people don't understand: the US has to run huge trade deficits in order to lubricate world trade with dollars. How will other countries get dollars so they can trade if not by selling stuff to the US?

[@brianjonker510]

It would be very interesting to have your perspective on countries that use the US dollar rather than their own currency. Or peg their currency tightly to the US dollar.

[@deborahcurtis1385]

Nearly all nations have a black market in USD. What do you mean by 'use'? In Australia we have a floating dollar it's not pegged to any currency.

[@Mehwhatevr]

@@deborahcurtis1385use means countries that have a currency so worthless that citizens ignore it and just use the dollar?

[@bighands69]

@@Mehwhatevr There are currencies that are actually pegged by their government. There is currently 65 currencies that governments peg to the US dollar.

[@deborahcurtis1385]

​@@Mehwhatevr Yes, being pedantic there because I think in legal terms a bit too much. Annoying of me, sorry. Russia is heading towards being the best example right now surely? Citizens there have always favoured the USD but the rouble is fixed and mandated and the central banker has a gun at her head and can't resign! What a situation. Using the USD there right now would be kind of risky anyone with substantial amounts of it would have been hightailing it out of town. Or finding themselves flattened at the bottom of tall buildings etc. Greece has had its moments but they have always had a thriving black market. So it's also cultural. Some nations move more towards totalitarianism. Venezuela is pretty interesting as horror stories go.

[@Dodsodalo]

Zimbabwe for years informally had their important dealings in dollars. Same with it's citizens, if I remember I think in 2022 it was finally recognized as legal tender in Zimbabwe because their currency is such shit.

[@davidkaiser810]

Thank you for explaining this in terms that us non financial types can understand. I am not so worried about this anymore

[@iFaFo_0]

🤣

[@mrplow2843]

​@@iFaFo_0Joker profile pic lmao so edgy

[@littlebitmckee8234]

So good to hear this perspective

[@finlaygilmour7492]

Well this hasn't aged well

[@Hawtload]

Most of the "dollar collapse" people usually talk about the massive debt and running the money printing machines, and how it lost 99% of its value since 1913

[@fnuclone1229]

Bingo, and the supression of the value of gold and silver.

[@Will-xk4nm]

The debt is issued to hit overnight interest rate targets and is mostly held by Americans. An inflating currency is greatly preferrable to a deflating one. Imagine the enormous lack of USD-deonominated investment if the Dollar itself had been gaining value, incentivizing hoarding of it rather than investment in worthwhile enterprise. The gold standard itself requires a monopsony on gold and the government fixing its price....the ultimate government intervention into the value of a PM.

[@tokul76]

Ruble lost 99.9% and more of its 1913 value in less than ten years.

[@alquinn8576]

clearly, all that shows is that stuffing dollars into a mattress for 110 years is bad investment advice. but if you buy actual investments with the dollars....

[@fnuclone1229]

@@alquinn8576 monopoly

[@nesseihtgnay9419]

thank you for your awesome expertise

[@GeneCAu]

Thank you! Finally someone speaks some sense and truth, other media or conspiracies are dumb.

[@johanstinson]

Did he speak truth? Or tell you what you want to hear?

[@tedball8677]

In the description, if you had a nickel for every time yada yada, you could "...draw Thomas Jefferson's face from memory." I almost snorted coffee out of my nose. Well played, sir.

[@TocaprinwolfAndFriends]

LOL love when he yawns “this is realllly borrring” 😂😂😂

[@guitarista666]

As an American, that makes me feel a little bit better.

[@harryjohnson107]

I mean that's the point of this, Zeihan isn't about giving truth, he's about reassuring American boomers while the noose tightens

[@stapleman007]

Back to your regularly scheduled doom scrolling!

[@johnn8117]

Hello Peter. Keep telling like it is. The U.S. certainly is not perfect but it’s the best the world has right now. Thoroughly enjoy your content!