Is It Too Late for the USA to Stop De-dollarization? ft. Peter St Onge

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In this video, Peter discusses the recent warning from Janet Yellen, the Treasury Secretary, about the future of the U.S. dollar. She publicly acknowledged the possibility of a steady decline in the dollar's value as the global reserve currency. Furthermore, Peter delves into the implications of this statement and the potential consequences for the American people.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.

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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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Most Americans have no clue what you are talking about they are in "LA, LA LAND" great information as always.

sandblast
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60% of the country don't have $500 in their bank account. They will absolutely depend on the government handouts to survive any social or economical upheaval. Think about that.

reinhard
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:De-dollarization" became a reality when the US slapped those sanctions on Russia. Everyone who was holding USDs figured: "Hey! This could be us...." And out of the dollar they went. Also why many countries are HOARDING metals right now? Cheers

sarge
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Great work Peter!!! We need to get you out there more so more people can listen to what's really happening in this country....ask your viewers to hit that thumbs up button!

frankferrini
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It's all part of their great reset plan - to usher in CBDC's

bruehlt
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You don't just "have" a reserve currency. You earn it by having a strong store of value - usually because the currency is redeemable in gold.

We have had this privilege for that reason. However since we abandoned gold the loss of that privilege has been inevitable.

Plus there is also Triffin's dilemma - whereby the nation with the reserve currency must issue enough of it for use as a world reserve currency. By so doing, that nation risks creating too much, which sows the very seeds of destruction.

A dilemma indeed

TomdeSabla
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The dollars reign of terror is coming to an end
Prepare accordingly

johntrueconservative
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Janet has been given a program and she is working it

robs
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If these people were actually honest before they became senile maybe this could have been avoided

PumpkinKingXXIII
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I wonder whether Yellen actually knows this, having gained her position via nepotism.

grugnotice
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Yesterday group of Asian banks moved to alternative for SWIFT.

EatMyOats
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The run away train of debt and excessive spending with unlimited printing of fiat currency is stoppable, all countries in the world now are taking cover and bracing for impact.

fffuu
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I think they will do whatever it takes with our children to keep their reserve status. There's no morality in the way of their interest. We saw that in Vietnam. Iraq. Afghanistan. Syria. And numerous conflicts in South America funded by them and fought by our children.

WorldReserveCurrency
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The dollar has not been a stable store of value since the 60's.
I saw a sign yesterday advertising 17 bucks an hour starting at the Goodwill.

The Goodwill, y'all.
Not that you can even sort of live on that here in Cali.
It over.

ananda_miaoyin
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As a proud Hindu 🕉️ Indian. I support BRICS nations and Dedollarization.
🇮🇳💖🇷🇺

anshumansarkar
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The dollar can’t stand a chance to currencies that will be backed by gold

Cdcd
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Would love to see another "honest Jerome Powell" update- 😎

FathomFrequency
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Meanwhile, today, the dollar is falling and so are precious metals. Sounds like a scam.

joeysocks
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Stack physical silver and ammo. The crash of our economy will be really bad.

swjackson
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Please allow me to field this question. Yes, yes it is too late. A day late and many interest dollars short. 😮👍

williamlimpert