2 years ago

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In this video, I discuss the ongoing weaponization of the US dollar and how it heralds the end of the US dollar global financial system.

If US dollars are no longer a safe, neutral reserve asset or the main currency for global commodity trade, then the US dollar has had both of its legs cut out from under it.

Russia learned this the hard way in March 2022, when its FX reserves were confiscated by the US and EU. Now China is waking up to the fact that it too has massive exposure to Western sanctions, due to its large US Treasury holdings.

There is a good chance that we emerge from this monetary transition with Bitcoin as the new global reserve asset. In the meantime, we will be exposed to massive instability and possibly black swans as well.

Not investment advice! Consult a financial advisor.

Financial Nuclear Bomb Explodes (Most Important News of 2022):
https://www.youtube.com/watch?v=0Lv5DjOV8UU&ab_channel=TraderUniversity

Banks freeze Russian FX reserves:
https://fortune.com/2022/03/03/russia-sanctions-central-bank-ruble-us-eu-foreign-reserves/
https://www.wsj.com/articles/if-currency-reserves-arent-really-money-the-world-is-in-for-a-shock-11646311306

Saudis consider accepting yuan for crude oil:
https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541

China National Offshore Oil Corporation (CNOOC):
https://en.wikipedia.org/wiki/China_National_Offshore_Oil_Corporation

CNOOC preparing to exit UK, Canada, US:
https://www.reuters.com/business/energy/exclusive-chinas-oil-champion-prepares-western-retreat-over-sanctions-fear-2022-04-13/

China scrambles for cover from West's financial weapons:
https://asia.nikkei.com/Spotlight/The-Big-Story/China-scrambles-for-cover-from-West-s-financial-weapons

Major foreign holders of US Treasuries:
https://ticdata.treasury.gov/Publish/mfh.txt

China building more nukes:
https://www.wsj.com/articles/china-is-accelerating-its-nuclear-buildup-over-rising-fears-of-u-s-conflict-11649509201

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#China
#Bitcoin
#usdollar

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