Dollar Crisis — The World Is Dumping Dollars and Buying Gold

The world is continuing to ditch the US dollar and the dollar is being replaced by gold as the reserve assets of the world So this de-dollarization process is what's been driving up the price of gold to record highs So I want you to know that this whole de-dollarization process. It's it's not a one-time event It's not like a crashing event It's a process and I want to update you on the situation and tell you where it goes from here But first I want to explain this to you so that we're all on the same page So let's just say that you want to store your wealth in a vault. Okay? What are you gonna fill up the vault with if you have to choose between these two? Are you gonna fill it up with physical gold or are you gonna fill it up with IOUs written on a piece of paper? Well, I don't know about you, but here's what other countries are deciding to do Central banks around the world are turning away from the US dollar and instead they're buying gold as a way to store their wealth Okay, so you see before central banks were buying US Treasuries like Treasury bonds and that was considered wealth It was basically like look at how many IOUs that I have from the US government's like I'm so rich The US government owes me so much money like look how much they owe me But then these central banks they realized that the US government could just print these paper IOUs like trillions of them like instantaneously So you can call it dilution you can call it inflation or you call it worthless and Central banks are now questioning whether holding these pieces of paper that say IOU on them is truly a form of wealth You know, perhaps it's no more valuable than monopoly money because again, they could just print trillions of these Whenever they want So now central banks are buying gold not US Treasuries. Now. I want you to take a look at this chart Which goes back to 1970 it shows how central banks are going back to gold as the reserve assets of the world So the yellow line represents gold and the blue line represents US Treasuries for the first time since 1996 Foreign central banks now hold more gold than US Treasuries and you're gonna I mean just look at the chart You're gonna notice that gold has a lot more room to run But listen as far as I'm concerned The past 50 plus years was a giant fiat currency experiments that is unraveling in real time So for the past two generations the banks the government society They've been brainwashing us that gold is a relic of the past and that it was okay to have a currency backed by nothing It's okay to have a currency. That's a fiat currency So I just want to say that do you really think that a fiat currency system is the norm in human civilization? It's not So this experiment failed gold is coming back into the picture a sound money system And I just want to show you what's happening around the world China is a large producer of gold, but China is going out of their way to import a lot of gold So the Russians are doing the same thing. They're stockpiling gold Especially after the United States and allies froze Russian accounts filled with US Treasury bonds and other assets So when President Biden froze Russia's assets and started giving that money to Ukraine and spending it on classified expenditures Essentially the US dollar was weaponized so the situation is If the US government doesn't like what you're doing, then they can freeze your money and they could take your money But after doing that it scared off other countries from buying more US Treasuries India has been buying more gold. They've been accumulating much more gold and I don't blame them Just think about the heavy tariffs on India. So, you know what? I mean, you know where this is going It's gonna be you play under our terms Otherwise, we're gonna freeze your assets and your accounts We're gonna confiscate everything and the natural response by India China Russia an entire world is to buy gold instead of US Treasuries and Even countries that are strong allies of the u.s. They're buying gold Boo, Kelly the president of El Salvador who's a big supporter of Bitcoin decided to buy gold for his country and I also want to bring up that there's speculation which a lot of people don't think is far-fetched that Most of the gold is missing from Fort Knox and other US gold vaults Which is why President Trump went silence on the auditing of the gold Because the gold that was supposed to be there was either sold or leased out so this explains the massive quantities of gold imports that the US government's has been conducting so they're trying to uncook the books as Quietly and as quickly as possible and they're most likely getting they're getting ready for a gold revaluation in 2026 So even the US government is in a rush to stockpile gold now I want you to understand that this trend from dollars to gold is very unlikely to stop For this trend to reverse the US dollar would have to become Trustworthy again. So the US government would have to either I mean they have to do all the all these things They have to balance their budget so that they don't have to print Trillions of dollars the US government would have to give Russia back their money and make them whole again But do you think that? Realistically speaking that the US government is going to do this and I would say of course not which means that the De-dollarization process is going to continue and the price of gold is just going to continue to increase Now I just want to cover the price of gold So here's the price of gold over the past one year. It's around $3,600 a troy ounce right now, and it's just it's just my opinion. It's just a matter of time before it crosses 3,700 4,000 5,000 10,000 dollars a troy ounce So is it gonna go up? Is it gonna go up in a straight line and my answer is of course, it's not but it's just a matter of time before It hits those numbers Because the m2 money supply is just expanding. It's a record highs, which is to nobody's surprise I mean, this is just how the game or the system works Essentially as more dollars are printed It's gonna require more worthless dollars to buy an ounce of gold and here's a one-year charts of the money supply You take a look at the chart It looks like steady and solid growth at least to me And I'm expecting that there is more of this to come and then I want to point out that the Federal Reserve is getting ready To cut interest rates on September 17th, and I'm telling you that's not gonna be the last of it It's not gonna be the last the rate cuts. There's gonna be many more to come So the majority of people believe that there's gonna be two rate cuts this year So there's three more Fed meetings left for 2025 But if I had to guess I would expect higher inflation prints So maybe we're just gonna get one interest rate cut this year But regardless there's gonna be more rate cuts in 2026 and that's actually part of the plan That's what you're actually gonna see in the SEP Okay, so we have an easier monetary policy That's right around the corner and then we're most likely gonna have quantitative easing to look forward to in 2026 So both of these you have rate cuts you have QE They're both gonna be nice tailwinds for the price of gold Now here's another big thing that most people need to understand, especially if you think that gold is in an overbought stage Right now and that's preventing you from picking up some gold Okay. So right now demand from central banks and governments. They're pushing up the price of gold, right? But retail demands at least in the US has not even started yet Gold based off historical averages makes up about 2% of people's portfolios, but right now it's around half a percent But I just want to point this out to you. Well, you've probably seen these headlines, too I know that gold flies off the shelves or even the online shelves at Costco But you'll know when retail has really FOMO it in and driven up the price of gold faster than it should have risen I mean you're gonna know when you see Lines out the door of coin shops crazy high premiums You're gonna know when there's you know between you and strangers when you're having small talk about gold You know, these are gonna be some of the overbought signals, but right now there's none of that So essentially what I'm saying is that if you want to hop into a gold position start a gold position right now I don't think you're too late to the game. I think It's still gonna be early for you this whole D dollarization process again. It's a process. It's not a one-time events Yeah, would it have been better to get into gold Month ago six months ago six years ago. Yeah, the answer is absolutely but I think it's early and I think there's Plenty of money to be made and also it's a great way to protect yourself from inflation Listen, I'm just trying to warn people that there's gonna be a lot of negative consequences with this whole D dollarization process Inflation is gonna get worse like much worse Wealth inequality is gonna get worse. Look at that one ceiling much worse Financial slavery is gonna get worse. I just hope that people protect themselves Financially speaking and gold is a good option to do so So, please subscribe. I'll keep you up to date on this whole situation. Thank you for the support and I wish you a very nice day Take care