941: Q&A: How Can I Use an Old 401k to Invest? - Episode 941
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 24 April 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
On this episode of Investing in Real Estate, we're going to talk about the future of the US dollar and how it relates to real estate investing. Then I'll answer three of your great questions about investing with an old 401k, UBIT taxes for self-directed IRAs, and how to make a return on investment if you don't have enough funds to buy a rental property.
Transcript
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| 0:00.0 | Guys, we are witnessing the de-dollarization of the US dollar as a world's |
| 0:09.8 | reserve currency. Now, you can sit back and say, |
| 0:12.6 | that's just fear, that's not actually happening, |
| 0:15.2 | or you can prepare your family, because all of the signs |
| 0:18.2 | are there that that's precisely exactly what's happening. |
| 0:21.0 | When, heck, CNN is running articles and doing news segments about the devaluing of the US dollar and the reserve status of the US dollar as collapsing |
| 0:30.5 | You know things are different when CNN is even acknowledging this problem. |
| 0:35.4 | So when you have Kenya now being able to settle oil transactions in their own Kenyan shilling, |
| 0:40.6 | when you have countries are able to settle oil transactions in the Chinese |
| 0:43.9 | you want moving away from the dollar to settle oil transactions and when that |
| 0:48.6 | only gets stronger and bigger and bigger when the Chinese and the Saudi |
| 0:52.3 | Arabians solidify that new trading transaction |
| 0:56.0 | away from the US dollar. You're not putting that genie back in the bottle. The United States |
| 1:00.5 | has had a good run. The United States has had a good 50, 60 years of dollar supremacy after World War II, right? |
| 1:06.8 | Not anymore, and that is starting to decline. |
| 1:09.5 | And the major push that we're going to see for the US dollar to be kicked over the edge, |
| 1:13.6 | kicked off the cliff, is when the Federal Reserve kicks into full gear, the new |
| 1:17.6 | printing of money under the quantitative easing plan that they're going to |
| 1:20.9 | unfold as we face this recession. |
| 1:23.0 | What that means is a new flooding of US dollars into the system, |
| 1:27.0 | fake money, by the way, not based on anything, |
| 1:30.0 | not based on gold, not based on silver, not based on real estate, not based on oil, |
... |
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