It’s Over: China Just Broke The US Dollar
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. See Public.com/disclosures
-
58:43
The Nima Yamini Show
17 hours agoTank Sinatra X Ashley Mae X Nima Yamini
13.4K5 -
18:16
Man in America
20 hours agoBREAKING: MASSIVE Shorts on $DJT Stock Day Before Assassination Attempt [CLIP]
24.8K53 -
16:30
GameLeap RAID Shadow Legends
17 hours agoTop 10 BEST FREE CHAMPIONS You MUST GET in Raid: Shadow Legends 2024 (Legendary and Epic)
17K3 -
37:21
Destene and Brandon
15 hours agoDoctors Visits, Weird Cravings, Amazon Skincare Haul | Destene and Brandon | VLOG
15.8K1 -
31:02
ThatStarWarsGirl
15 hours agoWoke NIGHTMARE! The Acolyte Is Absolutely INSANE!
16.7K5 -
11:10
Guns & Gadgets 2nd Amendment News
1 day agoBREAKING: Supreme Court Addresses Assault Weapons Ban & Sensitive Places Ban
17.5K21 -
31:54
Degenerate Plays
14 hours agoIn Defense Of Attack Of The Clones - Call Of Duty Modern Warfare Remastered : Part 13
14K -
4:04:15
Steven Crowder
16 hours agoRNC Mega Live Stream 2024 | The Trump Takeover Begins
638K683 -
7:08:45
The Charlie Kirk Show
15 hours agoDonald Trump is BACK: Live at the Republican National Convention, Day 4
355K222 -
26:54
Breaking Points
12 hours ago7/18/24 BREAKING: Biden Out THIS WEEKEND Per Report
109K36