Global Currency: The Dollar Ain't Going Nowhere

If I had a nickel for every time I heard someone say the U.S. Dollar was going to collapse...I could probably draw Thomas Jefferson's face from memory.

Where to find more?

Where to find me on Social Media?

[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?

[Mbalta]

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

[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.

[alpha.sapien]

This is the best explanation I’ve EVER heard on this

Thank you sir and keep up the awesome work

[chuckcurtis]

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

[jonleggett]

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

[jbellflower]

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".

[OutThere]

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

[Billfish]

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

[rideausheep]

as a Canadian all I can say as God Bless America

[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.

[luciantudor]

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

[jakvos]

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

[museinu]

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

[erikrobinson]

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!

[zionarra]

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.

[ranthonybab]

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.

[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.

[elvo]

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

[ivancho]

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.