Sean Foo :$ The dollar $$$ might still be the 4:01 dominant currency for global trade 4:03 settlement. It is used widely around the world , but is no longer the global asset of choice. <
Transcript
:
"But the common thread across every ststement
is the same story. They are urgently
converting dollars into real physical
3:01
resources because the dollar itself is
becoming a hot potato. Nobody wants to
hold for long. <
And here's something that
should really be sobering for
Washington. Even the European Central
Bank, the ECB, is now publicly trashing
US treasuries as the world's top reserve
asset that they have lost the crown. <
. And
when your closest major ally tells the
world that gold is a better asset than
your debt, you have a serious problem.
And the numbers behind that statement is
really, really striking. Now, according
to the ECB's own report, gold now
accounts for 27% of all global central
bank reserve assets. At the same time,〈
<
Now, gold has convincingly and
3:49
officially overtaken US treasuries as
3:52
the world's preferred reserve asset. And
3:55
this is something we have been tracking.
3:57
We've been talking about for a long
3:58
time. The dollar might still be the
4:01
dominant currency for global trade
4:03
settlement. It is used widely around but
4:06
is no longer the global asset of choice.
4:09
The world is walking away because
The world is walking away because the
4:11
value of the dollar itself is in
4:14
question. Now over the past four years,
4:16
the dollar has lost over 12% of its
4:19
value. Now think about it. Interest
4:21
rates stay stubbly high during the
4:24
entire period including today. There is
4:26
an active war creating supposed safe
US Treasuries Trashed Globally as Bessent's Iran Crypto Seizure Backfires Massively
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As the Iran war rages on, the world is starting to dump US treasuries, allowing gold to overtake it as the global reserve asset. Meanwhile Bessent's seizure of Iran's crypto and his bragging will backfire massively.
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<
https://youtu.be/BFui0zUdgrQ?si=lgRl1xTI5mfdIrcj
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