How the Loss of World Reserve Currency Status Impacts Everything
Lynette Zang: 1-31-2023
Get ready to dive into the evolution of the loss of the US’ world reserve currency status.
Join Lynette Zang, Chief Market Analyst at ITM Trading, as she discusses the impact of this shift on the US economy and its citizens.
With Saudi Arabia no longer bound to use the US dollar for trade, governments, corporations and individuals holding dollars may no longer need to use them.
This could lead to the return of hyperinflation and the loss of the US’ status as the world reserve currency.
Don’t miss this informative and crucial analysis on the petro dollar system and the latest developments in oil price stability.
0:00 Hiding in Plain Sight
1:22 USD Currency Lifecycle
5:20 Saudi Arabia and Opec +
7:09 Federal Debt Held by Foreign and International Investors
9:16 Debt Ceiling Limit
11:52 Banks Buying Gold
14:12 FDIC Plans for Collapse