News: Here's When The Dollar Will Crash...
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 13 February 2023
⏱️ 20 minutes
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| 0:00.0 | Hello, Rebel Capital's hope you're well. |
| 0:02.3 | I wanted to go over a question that everybody asks all the time, |
| 0:07.9 | especially people that are more favorable to the Austrian view or freedom liberty free market capitalism |
| 0:15.9 | gold, Bitcoin, etc. Is they're always trying to figure out when is the dollar |
| 0:20.9 | going to inevitably crash. |
| 0:23.8 | I'm waiting. |
| 0:25.3 | I'm waiting. |
| 0:26.4 | It's a matter of time. |
| 0:28.5 | So let's get into that question, |
| 0:31.1 | more specifically right now. |
| 0:32.6 | See if we can connect some dots because as we know, |
| 0:36.6 | all global reserve currencies come to an end. |
| 0:41.2 | Now that doesn't mean that the currency goes away, but its status as the global reserve |
| 0:46.4 | currency does. And usually that means that it depreciates in value. And that's what people are talking about and they're referring to the dollar quote-unquote crashing. |
| 0:57.0 | What usually it can also be referring to the dollar crashing against goods and services in the United States. |
| 1:04.3 | Let's focus on the dollar outside of the United States against other currencies. |
| 1:09.8 | So let's shoot over to this chart that my good buddy Andrew Henderson tweeted the other day. |
| 1:17.4 | And I tried to blow this up guys. |
| 1:19.5 | I apologize, this is as much as I can zoom it. It's from the visual capitalist, which is a fantastic website, super cool. |
| 1:28.0 | And this is visualizing currency's devaluation against the dollar. |
| 1:34.4 | So this is what has happened in since, |
| 1:39.3 | well, it looks like the timelines here |
... |
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