BREAKING DOWN THE DOLLAR | Wallstreet Trapper (Trappin Tuesday's)
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 • 2K Ratings
🗓️ 16 April 2023
⏱️ 15 minutes
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| 0:00.0 | Alright, so I want us to look at the timeline of the dollar. And the reason why I want us to understand this is because there were countries |
| 0:17.7 | that were prominent before the dollar. |
| 0:25.0 | All right? |
| 0:28.0 | China had a long run at running the world. Then after China, the Africa came in, they became the |
| 0:39.4 | bread basket for a long time and then they lost goal. And then after that we got into a situation |
| 0:46.7 | where I'm fast forward a little bit. We get it to Rome from Rome. We're going to fast forward a little more. We get into the new |
| 0:57.4 | America. Now mind you as long as America has been here, America didn't become the world reserve until |
| 1:07.8 | 1944. And this is where I want us to tap in it. |
| 1:11.6 | 1944, America becomes the world reserve currency. |
| 1:17.8 | What does that mean? |
| 1:19.2 | That mean the world |
| 1:23.4 | because America had the goal |
| 1:26.8 | we would buy things in the US currency. |
| 1:30.6 | Everybody with me on that. |
| 1:31.7 | But in order for it to become the world currency, there's foreign central banks around the world. |
| 1:37.0 | Right, so there's central banks around the world. |
| 1:40.0 | These banks say, okay, if you want to get get sanctioned we're going to do it in American money |
| 1:45.7 | we're holding this money and this currency. Well they have American dollars now represent 59% of the money used around the world. |
| 2:02.6 | So what I'm going to do right now is I want to show y'all that, even though people |
| 2:05.1 | talking about the dollars about to lose and all that, that don't happen overnight. |
| 2:10.0 | So let me disattach you from that fear. |
| 2:12.4 | That takes a few decades to happen. |
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