There are so many targets on the back of the US Dollar, and it’s time to get prepared. Today we’re going to talk about the multiple factors that are threatening the dollar, and what you can do to secure your money and your future.
On this episode, we’re going to talk about the recent decline of the US dollar and the threats it is facing. We’re also going to discuss the importance of buying tangible assets and more. Click play on this episode of Investing in Real Estate!
More About This Show
The first major challenge the dollar is facing is its lowered position as the world’s principal reserve currency. I have another video where I go deep into this topic, and I’ll link it for you here – but for now let’s go through a quick overview.
Since World War II, the US Dollar has been the world’s principal reserve currency. What this means is that institutions and central banks use the dollar for global trade and international transaction. For instance, commodities like oil, lumber, and gold are all priced in USD.
And for decades, or really since the dollar’s departure from the gold standard in the 1970s, the dollar has been on the decline. This move clearly marked a major devaluation for the dollar – and it’s all been downhill since.
Another big strike against the dollar is the major growth of China. China has become an absolute powerhouse. It is the world’s largest exporter, and its GDP exceeds the US’ GDP in terms of purchasing power.
Of course, it’s important to mention that funding being funneled toward the invasion of Ukraine has made the dollar less attractive to other countries. The Fed itself admits this on their very own website..
We also cannot overlook the massive issue of national debt, which some may argue is the biggest threat of all. Our national debt is climbing at astronomical rates, reaching an all-time high of $34 trillion in January of this year. The combination of high debt and high inflation is a lethal poison that continues to devalue the dollar, month after month. You don’t have to be an economist to understand that adding 1 trillion dollars in debt every 100 days is an unsustainable trajectory.
And on top of all of these factors that have been burning behind the scenes for decades, the next thing to come is the introduction of a digital currency. Moving away from the US dollar and toward a central bank digital currency poses a multitude of risk for the American people.
In fact, demoting the dollar could very well lay the groundwork for significant intrusion upon financial privacy, and open the door to complete governmental control. If this sounds like the craziest thing you’ve ever heard, you’ve got to check out the full video where I go into all of the implications of a digital currency, including real examples that are already happening all across the world.
And now, look at this headline: BRICS countries to stop trading in US dollar, plans to introduce new currency. The group is turning toward blockchain technology and developing a new currency system, set to replace the already frail and weakening US dollar.
So when you combine all of these things we talked about today – the growth of China, the advent of a digital currency, other countries stepping back from using the dollar, mounting national debt, and more…It becomes increasingly clear that there’s no hope for the future of the US dollar.
And because of this, of course, it’s incredibly important to protect yourself. I understand this can be really hard to conceptualize. Because most of us have never known anything but the US dollar.
Where can you put your money? There’s never been a better time to buy commodities, hard assets. If and when the dollar fails, commodities will increase in value. Land, real estate, gold and precious metals, and cryptocurrencies can offer a safe haven. You also may want to look into foreign currencies or foreign bonds depending on your personal situation. I personally believe that everyone should be flocking to tangible assets right now. And of course, the most important thing is to have a diversified portfolio that can weather any storm.
Episode Resources
Book a Call with Our Team
morrisinvest.com/Clayton
Download the Freedom Cheat Sheet
morrisinvest.com/connect
Download the free Financial Empowerment Bootcamp
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
