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Rebel Capitalist News

News: Dollar Wrecking Ball Is Leading To The Unthinkable...

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 18 April 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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0:00.0

Hello, fellow rebel capitals, hope you're well.

0:03.5

Wanted to go over some recent news that just came out about a secret meeting,

0:10.1

well, semi-secret meeting with the United States Japan and South Korea.

0:17.6

I think you're gonna find this fascinating let's go right over to the Wall Street

0:21.2

journal and I'll show you what I am referring to specifically.

0:25.4

You might have gotten a hint from the thumbnail.

0:29.5

But we go over to this article,

0:31.2

China pledges to steady Yuan want as Asian currencies come under pressure.

0:35.6

Okay so this was more about China but I want to focus on this meeting and the other

0:42.1

Asian currencies.

0:43.6

So I think that tells the story.

0:46.0

Asian currencies have been weighed by a flurry of headwinds this year,

0:51.8

but it's not just the Asian currencies.

0:54.0

Let's be honest, it's pretty much every single currency out there.

0:58.0

And it's not just that the currencies are experiencing a downward pressure,

1:04.0

a lot of downward pressure relative to the dollar,

1:10.0

the dollar wrecking ball, if you will.

1:12.0

So let's get back to this article this is

1:14.3

spearheaded by the US dollar strength due to fading expectations okay well they're

1:19.6

talking about interest rate differentials maybe maybe not we're gonna to that more, I think it's more how the monetary

1:24.9

system is structured, more than just a moment. Then they also contribute a lot of domestic

1:30.5

pressures. The widespread depreciation has sparked concerns among

...

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