Gsnasheed

Let's discuss the US Dollar as a reserve currency, China's recent plan to disrupt the dollar, and what this means for the future - Enjoy! Add me on Instagram: GPStephan | Get information with my free newsletter: GET YOUR FREE STOCK WORTH UP TO $1000 WITH OUR SPONSOR PUBLIC NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy... - $100 OFF WITH CODE 100OFF THE FULL STORY: On March 29th, it was announced that China and Brazil “struck a deal to trade in their own currencies, ditching the US dollar as an intermediary.” This would essentially enable them to trade directly, without having to buy any US dollars in the process (they currently transact around $150 billion dollars per year that’s no longer going through the US). Now, keep in mind, this isn’t the first time that something like this has happened: China has been already been shifting away from the US dollar since 2010. Russia and India both ditched the US dollar a year ago, and Saudi Arabia recently said that it was open to the idea of trading in Chinese Yuan. Not to mention, China, Russia, India, Brazil, and South Africa have already joined forces to transact and create their own reserve currency that’s separate from our dollars (referred to as BRICS) so this isn’t exactly a shock that came out of nowhere - BUT it could have a significant impact. On top of that, a Cambridge study warned that “US dollar’s dominant status should not be assumed to last forever,” and that - “BRICS accounts for 24 percent of world GDP and over 16 percent of world trade,” - so, it’s not like these changes are going to be taken lightly. However, I personally believe that - the US Dollar isn’t going anywhere - it still takes the number one spot BY FAR - and most of these headlines simply want clicks. That’s why, I believe it’s good to understand what’s going on and WHY this is happening - but, instead - focus on what you can control - like, whether or not you’re properly diversified, whether or not you have a consistent income, whether or not you save at least 15-20%, and, whether or not you consistently invest long term. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamste... For business inquiries, you can reach me at graham@night.co *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan receives cash compensation from Public for sponsored advertising materials. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading.

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