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Keep Your Money Away From the Woke Empire
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Manage episode 372792135 series 3378373
Since the start of 2023, the U.S. Dollar Index has declined nearly 2% as a result of foreign adversaries aiming to unseat the dollar as the world's reserve currency. Joining the Daniela Cambone show today, Marc Faber believes this de-dollarization trend could reshape the global economy as countries around the world embrace alternative currencies. "the system should not be a system where you have a global currency like the dollar was. As in, the basis [is] we have many different currencies and that people trade freely with each other."
Marc also believes that the Federal Reserve is in no rush to bring inflation down to its 2% target rate. He says, "Their interest is to maintain the financial market at the highest level. They don't want deflation in financial assets and if they could, they would also prevent deflation in real assets like properties but this is difficult to control." He concludes by stressing that it's crucial for investors to recognize how the de-dollarization trend signals a massive shift in the global economy in order to understand how to navigate today's market uncertainty.
➡️ Watch Here
174 에피소드
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on November 22, 2024 13:14 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 372792135 series 3378373
Since the start of 2023, the U.S. Dollar Index has declined nearly 2% as a result of foreign adversaries aiming to unseat the dollar as the world's reserve currency. Joining the Daniela Cambone show today, Marc Faber believes this de-dollarization trend could reshape the global economy as countries around the world embrace alternative currencies. "the system should not be a system where you have a global currency like the dollar was. As in, the basis [is] we have many different currencies and that people trade freely with each other."
Marc also believes that the Federal Reserve is in no rush to bring inflation down to its 2% target rate. He says, "Their interest is to maintain the financial market at the highest level. They don't want deflation in financial assets and if they could, they would also prevent deflation in real assets like properties but this is difficult to control." He concludes by stressing that it's crucial for investors to recognize how the de-dollarization trend signals a massive shift in the global economy in order to understand how to navigate today's market uncertainty.
➡️ Watch Here
174 에피소드
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