💯

Exactly! I saw the title to the video and immediately came up with the answer: The US don’t need the BRICS to do this when they’ve backed themselves into the corner.

“Elected” Not in 2020

@@grantkaski350 Good point. Same is applicable in the UK and several others. Current democracy is a con used by the sociopaths that really rule this poor world.

literally spit my water out... bahahahahahaa

Yup. I plan to travel more.

But you can prepare how to navigate the situation if it happens.

@@inmate0054 I’m always doing that. But, I don’t worry (any more) about the worst case, apocalyptic, scenario that Dave touches on. The modern Information age has produced an environment of hype that is absolutely ridiculous.

No reason to worry, but good reason for concern. Too many conflate the two. We should be concerned and there is something we can do about it. To deny that eliminates the responsibility of our elected officials to change destructive policies.

@@unclebenny Yep… Be concerned. But, recognize what you really can’t control and don’t stress over those things. That’s the point I think Dave was making. Something that took me too long to figure out. Good luck with the elected officials…

Never heard that before; that is excellent!

“No amount of anxiety will make any difference to what is going to happen.” - Alan Watts

Old man's words

Facts 💯

America has been in decline for the last 20 years china has grown economic and military wise they are on their way to Surpass the US in that regard , but Xi jiping is going to put china down the toliet with his arrogance trying to attack Taiwan

The C word. I don't even want to say it. Another name for Satan portentous of extreme selfish behaviors. I feel it just today

he should stick to personal finance.

⛔⛔ THE US ECONOMY, GOVT, AND PEOPLE IS DESTROYING FROM WITHIN! THE US ECONOMY IS THE LARGEST PONZI CON AND HELP FROM FIAT DOLLARS. GOVT DEFICIT AND INDIVIDUAL DEBT! ALL WILL BRING DOWN THE USA ...ALONG W/ THE FAKE DEMOCRACY~. 2024 IS COMING...EXCITING!

China is about to crash & burn then Europe & fake us king dollar last but most spectacularly!😊😊

Ha! Loved it! Will use it too

Agreed

Para bellum

Or prepare for the best

Facts

exactly go to chicago see the hell they are raising

I think China is behind it, they're buying off the for sale politicians (95% of them) and pushing policies that destroy us from within

Of course USA is d3stroy3d on purpose...Chin itself is a superpower because of the glob@lists, they want to crash the west to install a new system. There is not East vs West, all part of the glob@list plan.

Imagine being so delusional you believed money actually existed. Newsflash: Gold is not money. One exists, the other does not.

@Please_Explain exactly

​@amireallythatgrumpy6508 If you read the constitution of the United States, it clearly states that gold and silver is the only form of money.

@@jackstrife9158 💯

@@amireallythatgrumpy6508gold is an industrial metal. Everything with a circuit board like your smart phone and computer has gold. Money is just a fancy piece of paper.

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ ETF you focus on.

very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance to make a from a financial-advisorr, you can be passively involved with the aid of a professional.

wow that's stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

Mayra Femia Hetrick That's my licensed Financial advisor you can easily look her up, Thank me later!

Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.

The US started it's serious decline after 1934.!! (first restriction on our arms) And even further decline in 2009. (Boobama)

​@@joeywest386 maybe 1812 had a role too

Interesting input there. We could call this a modern day Medieval time?

I certainly would have other currency. There may be nothing YOU can do but a world traveler and the wealthy sure WILL not be affected

I beg to differ. I think life has improved significantly in all areas during our lifetime. Where is the decline you are talking about?

Gonna call the MIB!! 😂

LOL

A person who views the world through a politically partisan lens might say Biden needs to make sure Russia doesn’t invade Ukraine because the Russians would then have all the dirt on Joe and Hunter’s schemes and turn all the evidence over to Team Trump. After all, CNN once accused Trump of being a Russian agent. That’s the partisan nonsense. Here’s the real reason: Russia knows it cannot defend its current borders, and it has already been invaded 50 times in its history. (Genghis Khan’s Mongol hordes, the Nazis, Napoleon, etc) For Russia, self preservation means expanding out to a set of geographical barriers (in the west that’s the mountain ranges from Warsaw to Romania) that the Soviet Union used to control. Ukraine is along the way to some of those barriers. Here’s why the US is involved in Ukraine: within the first week of the invasion, a column of soldiers drove toward Kiev. On Day 4 of the invasion the column stopped because the Russians forgot to bring fuel. By day 7 the equipment was abandoned and the soldiers walked back north to Belarus because the army forgot to bring enough food. The West saw this and realized that a conventional war between NATO and Russia would be a total slaughter. But since Russia sees this war as necessary for survival, that puts the nukes on the table. So, the NATO strategy is to not send NATO personnel into Ukraine, but any weapons that the Ukrainians can operate and maintain will be available to them. The goal is to draw the line in Ukraine so that the Russians can’t proceed with their next step, which would be an invasion of Poland (a nato ally).

Meanwhile Russia and China are in Africa building relations with the entire continent. While the U.S. is in Ukraine scraping up crumbs. This shit is embarrassing

Yep, war is always an economic stimulus and total profit for the super wealthy...even if Ukraine is decimated.

I believe the US sends over $3 billion to Israel every year, I believe we have already sent $158 billion so far this year for military aid

He misses totally on that one. What recently happens is that Russia has successfully isolated the West (US and Europe) and the world is shifting slowly to the Multipolar world, Russia and China are getting a firm grip on Africa. In that case it is Russia and China that will hold all the real commodities, the stuff that is really need to stay alive. The US has no more commodities, the only commoditie was to have military bases all over the world and threaten the poor countries in case they refuse to give to the US. Well at this point Russia made it clear that the Western military complex is only strong in Hollywood but gets destroyed in real time. Without even a direct fight Russia demilitarized the West to a point that the US does not even have enough ammunition. The US has no more commodity left and so will the dollar collapse. At this point 30 trillion in debt will be an issue because the foreign investors (mainly China) will stop investing and there goes everybodies Social Security, 401k, pensions and all the other crap… good luck with that. I cannot wait for the dismantle of the US economy, it’s time for that

@@freedomisnotnegotiable Gotta love troll bots. Somehow this “citizen” knows the inner workings of complicated world economies, knows that ammunition is low, everyone’s retirement will be gone and that the world is shifting to where the U.S. isn’t really considered. Ok then

​@@freedomisnotnegotiableI find your opinion interesting, but don't believe it holds water to think that America is low on ammo or somehow doesn't make anything. Sure, much of the manual labor is outside the US, but even if you only look at things like software or finance, it's all done in the US. China is also only, what? Maybe 10% of global GDP? It will be interesting to see what they do with Africa. I imagine it will be like what America did with the Indians. Push them out, start properly utilizing the resources and expand massively.

@@freedomisnotnegotiable and don’t forget Brazil !

@@freedomisnotnegotiable The #1 importer of wheat is Egypt, ~13M Tonnes/yr, 61% from Russia. The weaponization of Food is a true threat.

Cause you are the expert 😂

@@markg999 I am not. I just know different paths can get us to the same place. If other countries do things different from the US, that does not mean they are “evil” or crazy. Just perhaps, their unique history and culture shapes how they view the world. And that’s not necessarily a bad thing.

Well, personal finance IS Dave’s field of expertise.

I don't agree with the notion so many people seem to have that the U.S. is unbreakable. Some think we can issue trillions of dollars in additional debt and there can't possibly be any consequences.

​@junk4dimeji the evil part comes from other countries deliberately trying to ruin the US economy (if that's really their plan). Wanting your country to to get a better deal isn't bad though.

There are two types of Americans: those who have a passport and those who don’t.

@@xarifa777 in case of crisis where people fight for food, what are you gonna do with your gold? the only thig that will have value are weapons and food to survive.

@@xarifa777 gold is not an investment and not even a safe haven. Stop watching conspiracy theory videos nd stuff on internet. Learn how the real world works.

@@merrykrichtsamt when was the last time you saw someone buying something with gold.

@@DontUputThatEvilOnMe what backs the dollar is the US governement, the military and technological supremacy. If the US governement decides to ban gold and bitcoin they will do the value of the mentioned assets will go to 0. Stocks and companies produce value and pay dividends. Gold does nothing. For sure better gold than bitcoin.

But his hatred of Gold may very well be his downfall. 😫😈🫠

It happens every 200 years according to Ray Dalio

The internet is bad if you aren’t able to be logical. All doom and gloom Guys is talking about brics lmao. It’s like people that can’t pass algebra thinking they are on top of global economics. No one is working on brics. It is a concept made up by a scholar years ago. People keep repeating it like it is happening. All those brics countries hate each other

@@cptsquishray Dalio is bought and laid for by China. He is still saying they are the future even during the collapse. Bought and paid for.

Some of those people's fears have come true. Weimar Germany?

@@unclebennyGermans are bad planners always. Not even close to the same. Look the not even smart enough to not use the enemies oil and gas to build economies. Germans go to war every 50 years historically sue to bad policy.

It won’t. We are about to fall to China and Russia. God spoke to me years ago that it’s coming and HERE we are. Jesus doesn’t lie. Get right with God.

The sun only has about 7 billion years left. Nothing will last forever 😅

That reasoning is why smart people don't look to you for advice.

@@BlakeBake God will last forever 😆

We won't. But other countries are falling down quicker than us

Yeah but it would be the equivalent to you and me spending $10 on supplies. lol so he probably doesn't really even think about it in the way most of us do

@@zachjones2346 yeah that probably is why he kind of downplays it. He doesn’t have to put much thought into it.

Dave is in the band on the Titanic

China is about to crash & burn then Europe & fake us king dollar last but most spectacularly!😊😊

so you think going into debt in those countries is a good idea. His principles of staying out of debt and saving to get ahead are universal.

The US is not an empire.

Talk about evil. USA is one as well and dems and republicans cant agree on anything to the extent of wanting Trump in prison!!

No, this is 100% collapse on purpose by the gIob@I!sts to install a new system

No, this is 100% collapse on purpose by the gIob@I!sts to inst@ll a new system

Dave probably understands that empires collapse. But the question is how to prepare on an individual level. And that answer is to stock up on resources.

Our government will never actually do something constructive with the debt, because the government doesn't exist as a single entity, all that debt is because the individuals who compose our government have stolen it all. So individual congressmen who have stolen this money, many of them aren't even around anymore. There's no fixing that, it's gone. It's getting worse, too. So they won't be repairing that even if things get bad, they'll just use that as another excuse to steal more money.

Pretty sure if it came down to it...the US Government would ban all your gold and bitcoin and ban you from trading with/for BRICS...they have a history of doing such tactics. Don't think it won't happen again. When they have CBDC it will be forced on you, the noose will be around your neck by then. Even if they have to burn it all to ash, anything to keep power.

BRICS is a dumb concept, that supposes first and foremost that India is hostile to western countries, and far worse, that India is willing to become friendly with China against the western powers. If you think the US is anti-chinese, man you haven't been in India or heared indian politicians/military talking about their neighbores... And seeing how the indian power projection's main goal is to counter the chinese belt and road initiative and to import western weapons, this hostility is there to stay.

As long as government spending buys votes, congress won’t change. And what do you cut? In order from largest to smallest: Medicare Social Security Military Health Care Interest Welfare General and administrative Everything else.

@@SonnyBubba it will change when we can no longer export our debt to the world, if dedollarization becomes a thing it will be sooner than later. The answer to what you have to cut is everything by a lot because the party in dc will be over.

But it was silly to ask Dave the question in the first place. Dave’s a small fish in this context too. He’s along for the ride same as anybody.

yeah but there is nothing you can do about it, other than freaking yourself out?

Of course Dave will say nothing changes. If you want to talk change, let's talk about his baby step 1 from 30 years ago.

​@@sabrinaliu66Can you not prepare? Saying you can't do anything is pretty irresponsible; neglecting/ignoring the issue doesn't help the person asking. You could diversify in foreign equities, you could invest less in US treasuries, etc.

You could buy gold and crypto...

So if someone don't have much money they need to worry then?

@@sglacf Well they should worry more than a person with millions of dollars. I’m not saying we should panic or worry excessively, but Dave callously brushes off these concerns which are valid. China would LOVE to see America’s economy crash. He’s a bit naive to think they rely on us that much. They don’t.

​@@sglacf I think everyone should be worried but the people at the top where money is currently not a factor for them seem to dismiss it. Our dollar has inflated significantly over the past 3 years, the middle class is struggling to keep up with it. 60% of people living paycheck to paycheck, 59% of people unable to afford a $1000 emergency expense, 40% of people unable to afford a $400 emergency expense. Credit card debt at all time highs hitting a trillion, personal savings dwindling. Jobs reports are good but how many of those are second jobs just to make ends meet? Enemies of America banding together to put even more pressure on the American economy. He said he's not worried about China because of their decreasing population but we've had open borders for 3 years and what's been most alarming to see is Chinese nationals who are of fighting age coming over the border. Now why would we be seeing an influx of fighting aged Chinese nationals coming over the border? China is the biggest big brother controlled population in the world, you can't sneeze in China without the government knowing about it. The Chinese threw out all their baby girls with their one child policy. What's typically considered to be part of the spoils of war? I'll let you answer those questions for yourself and come to your own conclusions. While thinking this through keep in mind what we have learned about the Biden family over the past few years and the way in which the Biden admin pulled out of Afghanistan, ultimately leaving the Taliban with billions of dollars worth of military equipment. .

China had a positive trade balanced with the United States of about 400 billion last year Total trade between the economies is about 540 billion. So yes, they rely on our economy. Unless they and you believe Russia will make up for that trade balance? lol

Russia is not going to defeat the United States on the battlefield. Infiltration, bringing in communists and having them wreak havoc with the American intellectual system, would be more effective.

Going full prepper won't even help. It will not go exactly as you planned. It will play out differently and you will still be unprepared

If we are depending on asteroid mining as a means of protecting the dollar we are in a LOT more trouble than I ever imagined!

Do you live in reality?

My comment: Your reply: Heh, heh! It's true I'm not depending upon asteroid mining for my prosperity. I'm guessing that perhaps you replied to the wrong comment? Gotta watch that.

@mattset9335 I live in reality, but rent here is getting expensive, though. I hear LA LA land is offering great discounts on their overabundance of "Funny farms" they have for sale. Might be an interesting place for a vacation at least.

How many countries have devalued currency and people losing money runned to their close banks. As long as we keep our government, we will have Dollars. No government no currency. Elected politicians have limited terms. Keep our voting rights and we have a strong government it's currency.

It will always have purchasing power as long as the guys with guns demand it from you as taxes.

@@frankjennings4489 I’ve been watching and listening to those people. They already have all the money they need. Now their goal is massive depopulation. Once you realize that, everything that’s been happening adds up.

@@GD-tn3ez Money isn't worth anything unless you have people to pay it to. Once robots can do everything for them, I'll be more worried.

Need to look at: purchasing power parity. It gives a little more to the story on exchange rates. Probably worse than you think down there!

well you know....the tax money from the able-bodied working citizens can only cover so many freebies and handouts before stuff starts to go downhill. it is possible to break the camels back.

Let’s see, China has a low birth rate but it still has 5 times the people of the US. I don’t think it’s economy is going to suffer very soon because of a lack of workers.

Peter Zeihan has several videos that go into more detail, and Peter has more expertise in demographic analysis than Dave does.

what do you mean? learn my lesson in working and paying taxes? i mean you speak as if 100% of america is the same which is odd. most people just work and pay taxes and try to survive and keep their family fed. i have no idea what lesson i need to learn from that. you can't say we are going to learn OUR lesson when you got boughtout politicians and rigged elections like a corrupt 3rd world country going on....what exactly do you mean?

what do you mean? learn my lesson in working and paying taxes? i mean you speak as if 100% of america is the same which is odd. most people just work and pay taxes and try to survive and keep their family fed, while a few others run around being activist psychos with no life. i have no idea what lesson i need to learn from that. you can't say we are going to learn OUR lesson when you got boughtout politicians and questionable elections like a corrupt 3rd world country going on....what exactly do you mean?

Those countries would fail at first but their own currencies would eventually increase in value

If you think the US dollar is fragile you havnt been to China or Russia. Ppl live fear mongering and world economic castrophic events because they can’t afford real estate… lots of people have been claiming bubble economy for the past 10 years. Even if we have one it will just go back to 3-4 years at worse just like in 2008

Yes and God will provide.

If you are afraid the dollar will lose reserve status, invest internationally. The US is a consumer state, China and Russia are manufacturing states. What will likely happen will be the US will be forced to close military bases close to China, the Middle East and Europe. The US economy isn’t going to get crushed, the new world order is going to be a 2 tower system with NATO on one side and Russia/China on the other.

And its not about crashing the dollar. Its about trading in another currency without having to be worried about sanctions and the US and Europe stealing your money like they did to Russia recently.

@@thedeels7522does he provide to the starving African children? Nope.

BRICS is just China trying to usurp the US dollar. It is why it hasnt really gone anywhere in 30 years of existence. India, Russia both want their currency to be the reserve currency. Being a defacto reserve currency has benefit with regards to international trade.

It’s easy to group “them” into one group and think they all act together. It’s easier than thinking about each one separately and having to consider the interactions between them all. Russia is different, because they actually started a freaking war last year. China is different, because they spent 40 years doing OneChild. They’re going to be the first country in the history of the earth to lose half their population without a war, famine, or disease. India is different, because their geography makes them a self contained nation surrounded by mountains and oceans. Brazil is different because they can’t ignore the Americans.

@@SonnyBubba Regarding "Russia is different, because they actually started a freaking war last year." give me a year in US history when US wasn't in "freaking war" :D

BRICS is here to stay, and its only going to gain ground the next decade or 2. Most countries are sick and tired of living in a unipolar world where one country(US) and IMF decides what best for the rest of the world. rewarding certain countries, while punishing others with sanctions because of politics. africa and the middle east are threatening to dump the dollar, and most are already on board with BRICS. And its all thanks to US foreign, that has been responsible for destroying many countries these last few decades. U don't think the rest of the world has noticed? Lol

I can’t see $34trillion working out either. Throw in hundreds of trillions in derivatives for good measure

Most Americans are too lazy and not socialised for skill building or entrepreneurship. Heck, even Harvard grads all want jobs with Corps and not interested in building their own businesses, and how many Americans can speak Russian, Arabic or Chinese?

The question is whether a dollar invested in gold would have a better return than investing that same dollar in mutual funds. And for most years, that answer is no.

Amen.

😂

that’s exactly right

I partially agree; but "we the people" can do better. I instill in my son the value of hard work, education and service to your country. Our kids are the future of our nation; sadly most parents failed misably.

​@@tdgdbs1That's what I did. 👍

Pretty much. The dollar is on borrowed time... They are just printing to the moon.

Not true at all. America still produces thousands of products.

@@robswales8992the question is do we produce enough that we’d be alright if all our imports stopped?

​@@robswales8992we produce dollars , weapons and apps ...you voted for joe biden didnt you

Dave does this all the time. I think he likes to rant about the fact that he has a bunch of bullets. The end of the dollar as the worlds reserve currency is going to have real negative affects on the US population, but that doesn’t mean that the world is going to end and it won’t be a sudden overnight event. Historically transitions like this take decades to materialize. That said, no one can predict what happens when a nation loses this status and has the biggest military in history in combination with the largest debt ever recorded.

Hyper-inflation in Weimar only lasted for about 2 years and was done before the Nazi's came to power. IMO the only metal worth having in a true collapse is lead. Any gold you have will be stolen by those with lead.

@@SeattlePioneer You would be foolish to think that people were not able to still sell gold even with FDRs ban. Likewise, you would be foolish to think that it was all successfully confiscated. In the short term you may not be able to sell it in the country you are in, but it doesn't lose valuable globally and even when it does, it is because the world economies are doing even worse, especially the nation's currency. Certificates, whether issued by the government or a company are not a safe form of holding precious metals. You might as well be holding the nation's currency as it is about as secure. This was a black swan event and it appears at least from historical data that the prices still increased over the next century from the start of it. Luckily, there isn't a fear of them discovering that significant of a quantity of gold, outside maybe space mining, which is very far away. If the economy is expanding dramatically in a healthy fashion, prices would go down and therefore the money you would need to live would go down as well. If your wages decrease, but the price of everything deflates you are in no worse of a situation. The gold standard regulated the amount of money that could be printed. If the economy was doing so much better that it outpaced the gold reserved, then the prices of things would go down and people's money would naturally decrease as well. As long the buying power stays the same or increases, the dollar amount is irrelevant. In regards to 1896, I would argue that the price would eventually stabalize, likewise, it is different when it is only one nation doing it versus the whole world. The spike would benefit anyone who was holding it before and as long as it maintained your buying power through the inflation, holding precious metals would still have been better than currency. You're right on the last point that gold and silver can be in a surplus or shortage, fuel inflation or deflation. However, it is historically safer to hold than any nation's paper currency. The benefits of holding precious metals enables you to convert to any currency as needed to preserve your wealth with arguably the lowest risk.

About the same, it is only record inflation in terms of the last 4 decades. Dave is old enough to have lived through the 1970s stagflation.

The 1970’s were worse, but the caller, unlike Dave, doesn’t have any first hand experience with that.

😂

I'm sure a re-run of real housewives is on. Go get your fix.

Best to avoid reality

@@unclebenny - And you are a big man. Out of the 100 comments, you found this one too interesting?

@@Jay43331676 Out of 800 million videos on KZfaq you found this one so uninteresting you just had to comment?

True.

Nuking us would do the same.

China is about to crash & burn then Europe & fake us king dollar last but most spectacularly!😊😊

Why do you disagree with him? Can you explain, please? Thanks.

Not sure about the original poster, but having some plan for an economic collapse seems reasonable. Maybe a little food stored and a starter garden so you have something to transition to, then a community to attach to to try to keep some order. It doesn't need to be BRICs, could just be a power grid collapse, a hurricane, something big.

@@LadyCaroline123 he has the "that will never happen" itus

@@paraax Preparing for a hurricane is reasonable. Preparing for the US dollar to become worthless isn’t.

You understand that's not how currencies are valued. Eurozone could tomorrow make a new euro worth 2 old euros while decreasing the amount of euros by half which would give you twice as much pounds as now...

@@CoffeenSpice I am going to give that about as much attention as Dave does in this video.

​@@JasonCarmichael1 British Pound = 1.16 Euro = 1.27 USD.

@@JasonCarmichael Knowledge is power and ignorance is bliss...

It’s not which currency is more valuable. The important question is how much the value of one changes with respect to the other over time. And over the past several years, they’ve changed little.

Whoever controls Water will control the future.

BRICS isn't just Russia/China/Brazil. It'll be most nations of the world outside nato. BRICS control most of the rare earth resources needed for a high tech society. So if things keep heating up, it doesn't look good.

MANY parts of an economy can fail, but I have yet to hear of anyone who couldn't figure out a way to wipe their butt. Toilet paper is really the LAST thing people need to hoard. Frankly, I haven't used ANY in fifteen years or so. Torn up old towels provide an abundance of material, and they can be tossed in the washer to be cleaned and reused. Also, I have used ZERO citiwater in the same period of time. I collect and use rainwater from the gutters on my home. I do have pretty reasonable canned food supplies on hand --- I especially favor canned salmon. But my main motivation for such things is not fear of economic collapse, but my frugal values. I don't like waste. Why, for example, let wonderful fresh water run onto the ground and then BUY water from the city? (I'm in Seattle, Wa.)