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The Ramsey Show Highlights

Can We Trust the U.S. Dollar?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 1 April 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.4

Just give you a little backstory. My wife and I are debt-free. We're saving up for our fully-funded

0:11.7

emergency fund right now, and then we plan on to start investing from there to fund our

0:18.6

retirement. But yeah, so we're super blessed.

0:22.9

I'm grateful to be debt-free.

0:24.6

So my question is, though, how can we be sure that the dollar is going to maintain its value over the next 30 years since we are going to be investing and following, you know, what you guys

0:38.2

recommend in like mutual funds 401K, like, should we be worried about the economy or what do

0:44.8

you guys just take on that?

0:46.3

Where's that question coming from?

0:48.2

It's a question I hear all over the, the, I mean, I hear that question everywhere, and I've

0:52.7

actually lost many nights sleep over that

0:54.8

question. Where are you getting it from? So, you know, I'm, you know, I have some friends

1:01.3

and they're talking about, you know, Bitcoin and all these cryptocurrencies, and I'm not going

1:07.3

that route, but I don't have a, you know, when they say, well, what about the dollar?

1:12.4

I don't really have a good answer, a rebuttal as to why dollar is going to, you know, maintain

1:18.4

its value over something like cryptocurrency. So I just wanted to get, so I guess it's coming from,

1:24.6

you know, what is trending. Just kind of in the air, yeah.

1:28.4

I'm going to give you my very primitive answer,

1:31.6

and George, who's way smarter on this stuff,

1:33.4

will give you a more sophisticated answer.

1:36.8

Okay.

1:39.5

Can I guarantee anything over the next 30 years?

...

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