Countries Ditching The U.S. Dollar Is NOTHING To Panic About (ft. Bulwark Capital)
Chicks on The Right - Conservative Politics & Culture Commentary
Radio America
4.7 • 2.4K Ratings
🗓️ 25 June 2023
⏱️ 18 minutes
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Transcript
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| 0:00.0 | Welcome to another episode of the show where we talk about things related to money and |
| 0:11.3 | finance and the economy and all things related to the financial world. |
| 0:15.8 | And there's no one better to do that with than Zach Abraham who is the chief investment |
| 0:20.0 | officer at Bullwork Capital Management and also friend and sponsor of the show. |
| 0:25.8 | And so today, Zach, we wanted to get your expertise about a topic that we admittedly understand |
| 0:33.4 | very little. |
| 0:34.7 | And that is this whole, there's been a lot of news lately about the US dollar and other |
| 0:41.0 | countries that are not particularly friendly with the United States dropping the dollar |
| 0:46.4 | as its reserve currency. |
| 0:48.6 | And like high level, we get that that sounds bad. |
| 0:53.3 | But at a layman's level, we have no idea what that means. |
| 0:57.4 | And we were hoping you could help. |
| 0:59.4 | Yeah. |
| 1:00.4 | Well, it's a hot topic and it's one that we focus on a lot because I think in the world |
| 1:07.2 | I don't think. |
| 1:08.2 | I know in the world of investing, currency movements and interest rate movements get |
| 1:13.7 | looked past all the time. |
| 1:16.2 | And at the end of the day, if you don't understand what's happening in currency and rate markets, |
| 1:23.3 | you have absolutely no idea what's going to happen because that influences everything. |
| 1:29.9 | And for instance, one of the reasons that we don't buy the stock market rally that's |
| 1:33.5 | currently happening and all these, why is that just because interest rates? |
| 1:38.2 | You can't have interest rates as zero and raise them to five and think things bad things |
... |
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