EVERYTHING is changing for the U.S. dollar and this is the final straw | Redacted w Clayton Morris
Video Transcript
Subscribe To Big Money well China and Russia have unequivocally declared a fullscale attack on the US dollar I don’t think most people realize we are at a Tipping Point moment right now for the US dollar dominance around the world the US Reserve currency of course is the reserve currency of the world central banks though are dumping US Dollars and fleeing to Gold they are fleeing to Commodities we just got some startling new numbers take a look at this out of China which I had to do a double take when I first saw this chart um this is unbelievable on the Chinese crossborder payment we we’ll explain more about what this means in a second to help us understand what’s going on here and this sort of fleeing to Gold away from the US dollar let’s bring in friend of the show Kevin dearit he’s a CEO of Lear Capital and who helps a lot of our viewers uh be able to invest in gold Kevin great to see you welcome back to the show yeah great to be back Clayton thank you so let’s take a look at this I I just want to before we get into the nitty-gritty here of the dollarization here because you put together a brand new report as well when you saw this chart which you and I were sharing back and forth over the over the past few days here what did you think when you saw these crossb payments out of China well like I said on on the program uh over and over you know you look for tipping points you kind of said it at the beginning here you’re you’re looking for things that are going to take uh pressent and over what’s happening uh with the US dollar currently which is uh you you you know it’s the number one trade currency uh everybody has to use it for Petro dollar so on and so forth so how how is that going to shift and how long is it going to take so if you look at this chart from 2010 uh crossborder payments for China was. 3% so in 2010 they used the Chinese Ren Mimi 3% of the time today they use it 52% of the time from 2010 the US dollar was being used 83% of the time that’s all the way down to 42% of the time that’s a typ point it’s a huge economy and they’re starting to move away from the US dollar in a variety of ways not only the crossb payments and more people are taking their currency over the US dollar but they’ve also started liquidating US Dollars and they liquidated 6% of their entire reserve of US dollars in the first quarter of this year six% and it seems like they’re trying to get rid of these US dollars for a couple of reasons to my mind which is number one they don’t want to be on the hook for the US dollar anymore they don’t want to be bullied by the United States to settle transactions in this way and we also saw Russia basically over the past few weeks saying hey we’re we’re seizing all of these US dollar assets that are Bill tens of billions of dollars I mean hundreds of billions of dollars of US dollar assets inside of Russia and I had an economist friend tell me that basically means that they’re done with the US dollar like you don’t just launch an attack like that against the US dollar as the reserve currency unless you have a backup plan right oh yeah absolutely um I think there’s a couple of reasons like you said that they’re liquidating the US dollar number one uh the easiest one since 2020 the purchasing power of the US dollar has fallen by 24% so if you’re a foreign country and you’re holding US Dollars and the value of that currency Falls 24% who the heck wants to hold it nobody so they’ve gone from a trillion half dollars in reserve to 800 billion and they just liquidated 52 billion more at the first part uh or or at the first quarter of this year so that’s six and a half perc of their entire Reserve if that continues to happen they’re going to be at zero like Russia almost overnight so they don’t want to hold it for uh uh inflationary reasons or loss of purchasing power there was an article in Business Insider it says the US dollar has become so weaponized like you were talking about that c banks are snapping up politically neutral gold so where are they putting this money they’re moving it over to Gold that’s the reason that the gold price is at record highs today it has nothing to do with the United States it has to do with the bricks countries China Russia India they’re all moving away from the US dollar and over to the gold market can you educate us more about that so when you say it doesn’t really have much to do with the United States they’re they’re moving away and buying up gold when you talking you’re talking about specifically the gold price the reason the gold price right now is Sky rocketing is because they’re gobbling up as much gold as they can yeah here in the United States uh the demand for gold is just about even so uh when I say even it’s it’s typical for uh the type of demand we typically see in the United States but when you look at the demand for other countries it’s absolutely through the roof because uh central banks who are the largest institutions in the world are purchasing so much of the gold that it’s driven it up to $2,350 $2,400 $ at one point and the trend looks like it’s going to continue so this is the third year in a row that we’re seeing record demand from central banks and it makes sense if if you have a dollar like I said that’s falling 24% and you can move over to an asset that you can’t print any more of uh to drop the value of it then that’s one asset that they would like to put in their portfolios and hold just for loss of purchasing power reasons now gold prices I mean we’ve seen price targets you guys have a $3,200 gold report that’s available from Lear um I’ve seen even and I think that may be even conservative right because I’ve seen UBS price targets of $4,000 for an ounce of gold I’ve seen even prices higher than that so your $3,200 gold price Target seems really conservative compar comparatively speaking I guess that’s a good position to be because you can say hey see we told you it just it blew past that number right yeah you know um Bank of America came out at around 3,000 uh after our report report came out uh we’re at 3200 and there’s some other uh financial institutions like you said at 3500 and 4,000 I like our number better because I have a 92% cor there is a 92% correlation between the US debt number and the price of gold so hey look if I could go to Vegas and and play you know dice at 92% probability I would sit there all day long and play so I like our number a little bit better 92% correlation to the debt I think 3200 is a nice number uh it usually overshoots that number and then it will come down below that number so you know 3200 to us is very conservative uh and I think that’s where you’re gonna find the price of gold yeah absolutely I mean I’ll take it I mean you know I gold was just a few months ago was $1,800 an ounce so I’ll take a $3,200 gold any any way you slice it of course now over 2,000 now $2,000 an ounce so it keeps continuing to go up I want to talk about the fed you watched the FED very closely Kevin um and you’re seeing of course what’s happening with interest rates you’re seeing what’s happening um with inflation right now and the FED I you know believe you and I have talked before really has been boxed in in in sort of back up against the wall moment what do you think we’re going to see from the FED here what can the FED do as it tries to battle inflation um over the next few months as we hit new presidential campaign uh not much I I don’t think much at all uh and I’m in pretty good company because Jam Jamie Diamond uh Friday in Fortune Magazine says uh extraordinary government spending has embracing for high inflation and unemployment so you have two things going on you have the fact that we’ve printed up trillions of dollars since 2008 so we were at 8 trillion we’re at $34 trillion so in 15 years we’ve added 26 trillion of debt so it took us 150 years to get to8 trillion it took 15 years to get to 26 trillion the definition of inflation is too much money chasing too few goods that’s exactly what we have on top of that this Tipping Point of country selling off us Reserve uh us reserves held in US Dollars held in treasuries when you sell those treasuries those dollars are repatriated back to the United States so now you have the US government printing up money and at the same time you have foreign governments selling dollars those dollars are coming back to the United States and it’s adding to the dollars here which is too much money chasing too few goods So Jamie Diamond is J Jamie Diamond is saying in this article you have two things happening you have the the debt in the United States with all the dollars flooding and then you also have foreign countries selling and those dollars coming back in my opinion the dollars coming back are going to get worse and that’s why inflation will probably stay higher for longer now you have a new um dollarization report out that our audience can go and grab right now we’ll have a link in the description um and we’ll put it up here on the screen as well uh at Lear reacted. it’s a great report I encourage all of you to go and get it right now you make the case the case for gold as your best defense right now as all of these countries are dumping the US dollar do you think that we’re going to see a even further acceleration of the dollarization over the next few months and years oh I do I think the value of the dollar is just headed on its way down look when you look at history since 1940 you I mean you’re living in the the the first country that had the world Reserve currency so Portugal had the first world’s Reserve currency then Spain uh then it went to the Netherlands and then you had uh who do we have France Great Britain and the United States to the shock of everyone each one of those currencies lasted about a hundred years and for the first 70 to 75 years of each one of those countries they were fairly fiscally responsible they were fairly monetarily responsible and then the wheels came off they all uh took on enormous amounts of debt got drunk on debt other countries uh didn’t trust the currency and they they needed a switch the United States has been the world’s Reserve currency since 1921 so where are we at uh 103 years we’re at the ending of this 100-year reign in my my my opinion the same thing’s Happening Here the first 70 years 75 years we were pretty good we made it to8 trillion doll it wasn’t an enormous amount of debt and now over the past 15 years we go from 8 trillion to 26 trillion it’s following the same pattern that each one of these currencies has has had so the best way I can explain why the dollar will probably continue to fall is number one the government just can’t control spending so they’re fiscally irresponsible mon monetarily irresponsible but the other part of it is uh if if you think about Apple and you had a million shares of apple and a half a million shares were were held by a an institution some mutual fund and they were going to hold it and not sell it basically forever I mean that’s usually what happens with these Reserve currencies and the other half could was traded if at some point that mutual fund woke up and said I’m going to sell six and a half percent of Apple stock and they kept doing that until they went from a half a million dollars all the way to zero the value of Apple stock is going to fall that’s what’s happening to the US dollar right now Russia took their the mutual fund of of uh us treasuries that they held and liquidated everything China’s gone from a trillion and a half to 800 billion dollars and they just liquidated 52 billion more these other countries are liquidating and they’re moving over and taking a look at the bricks uh countries uh or or currency Thailand this was a big one uh just announced that it will formally be joining the bricks Alliance it’s a us uh you know kind of Ally uh and it’s been trading in US currency forever so when you start adding all of that up Clayton it doesn’t look good for the US dollar and some people say hey look we just it’s been around forever yeah so so are all those other currencies for a hundred years and then debt just took over and no one trusted it so I I really believe this is a a a big Tipping Point and the US dollar is going to have a very tough time uh holding its value and keeping interest rates low I don’t I don’t think you’re going to see lower interest rates because you you’re going to need higher interest rates to entice those foreign countries to hold it uh for longer right I mean what a what a catch22 they’re in right now of course you also have the Biden you have a Biden re-election campaign so there might be pressure from the Democrats on that side just slash some interest rates right before right before an election just give them a little bit just give them a little bit um it’s crazy um you know yeah Natalie and I have just gone heavy into gold uh purchasing gold purchasing silver um what do you recommend right now for people gold silver or both I mean we’ve done a bit we’ve done like 5050 that’s kind of been our thing um what do you recommend yeah you know the silver market with gold hitting all-time highs the last time gold was around 2,000 uh the silver price was $49 an ounce and here we have gold at almost 2400 and the price of silver is around $30 so I ju I just think the silver Market’s on sale right now just to catch up with the price of gold it probably should be around 42 to $45 an oun so I think there’s an incredible opportunity there and for the third year in a row uh the silver Market’s running at a huge deficit because of the silver or because of the solar demand uh and other applications also but mostly on the solar demand and solar is going to get uh there’s G to you’re going to have to have more uh silver uh for solar because they’re increasing the efficiency of solar panels and it just takes more uh silver so they estimate that the new solar panels will take about 25 20 to 25% more silver if that’s the case the silver price needs a under to $45 an ouns to pull enough out of the ground just to even catch up keep up wow well you guys can give these guys a call what I I always say on the show you guys are American Patriots over there you’re not going to get some call center in India when you guys call when any of our viewers want to call and talk to your team over at Lear about gold or silver and get this dollarization report I highly recommend you read it it’s really really good um and here’s the 800 number you can uh give the team over at Le a call and and talk to the team there they’re fantastic um Kevin as always great to see you i’ love to check in with you every few months on the state of the economy I hope you’ll have better news for us next time um but maybe as we head into the election I think you know maybe we’ll get some uh we’ll get some weird weirdness going on I have I have a feeling we’re going to see some weirdness uh before the election we’ll have to we’ll have to get a reality check with you in the next few months yeah great to be on thanks for having me I appreciate it thanks KevinUS Financial News
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Comments (47)
I AM TRYING TO SEND SOME CASH TO CLAYTON AND NATALIE BUT I AM GETTING BLOCKED BY YOUR PROVIDERS!
YOU ARE DOING SUCH FANTASTIC WORK CLAYTON AND YOUR WIFE IS VERY SMART AND WE LOVE YOUR SHOWS!
And if they control the banks gold could drop a lot also. So this isn’t the solution. Owning land is! Look back to 1930.
We love you
Clayton, gold is not skyrocketing. It's up 290$ an ounce since 2011. Don't be dramatic and mislead people.
Another example of yellow journalism. The US DOLLAR Is the strongest and most trustworthy fist on the globe. Gold will never be used as a currency only as a store of wealth. Of course his guest is pushing this the sky is falling dollar scenario because it benefits him. It will take years to replace the dollar as the world reserve currency
Saudi droped the petrodollar
So basically they are fixing to make the poor people homeless and starving .
Take over Canada wehave tons of resources
Help Canada become rich again
It's all the sanctions, and the theft of other countries assets,, Russia Venezuela Afghanistan and many more…before they went crazy with the sanctions the dollar was great for everything. It's all about the sanctions and the theft
RIP fake currency = US Dollar!!
Going to be a bit hard carrying around gold. That’s just stupid.
Federal Reserve is a Private Entity/ they dont belong to US. Govt.?
KARMA for the USA
Is this guy Kevin out to lunch? The first thing he says at 1:30 is "everybody has to use it for petrodollars…"! Catch the clue bus, Kevin. That ended Sunday, June 9, 2024.
Gold has been going up for years but our dollar doesn't buy as much anymore, can't eat gold get land and seeds and animals like China buying MI farms….
Get out of debt, stockpile food and supplies, get a fireplace and iron skillets like my grandad born in 1886
No one knows how it will effect US it may actually raise the dollar
It is beyond my understanding that the USA has so much debt
With digital currency, their gold will sell for ONE dollar ==> USA WINS.
I heard from a reliable source that Saudi is not renewing the agreement
Nothing happened
Yeah isn't this all by design. They want to destroy the still a bit free west. They bin destroying our nations for decades and now it is going insanely fast.
The petrodollar deal with Saudi Arabia ended on June 9th. It was a 50 year deal. They are trying to set up another deal and apparently Saudi want a two state solution Israel/Palestine.
Factual the western world is in a form of war with Brics, the most visible parts being eukraine and Israel but there is so much more going on then many realize😢 the world as we know it is changing and things wil be a lot harder in the next decades to come👍🏻
your funny clayton here we go again
Democrary is coming to a country near you! Starting with Saudi Arabia.
Saudi Arabia isn't backing the US debt notes anymore. The end of the debt notes 50 years, 9 June 1974 – 9 June 2024!
I liked your content until you start promoting stocks and buying homes when you also say there will be a collapse.
Nothing is authentic anymore.
You obviously don't think so. Why are you still there? The smart will be running for their lives.
I believe they’re all in this together. Leading up to the new world order. One currency, one government, one religion.
☝🏻Turkey joins BRICS 💪🏻
Was the on the top of the line.
THE UK MUST JOIN BRICS
STOP C.B.D.C.
Nobody takes gold as payment for anything… 👀
people need to know that the dollar won't exist much longer. The digital CBDC system will happen and it will happen BEFORE October and people should prepare for it. And this is part of the AI takeover in 2 to 4 years from now. And remember that ALL central banks are working together and are all owned by a single few. All the rest is a puppets how. And gold and silver will play a role in the first 10 years to gain credibility after which it will be dropped out of a need for very basic UBI survival funds globally where somebody in Africa will get the same as an American. So that will cause a drop in lifestyle of about 85% in America. So prepare accordingly, and if you buy crap like TV's, think about how much you'll lose in a few years because you didn't put it in a asset that can survive the transfer of wealth. The time to prepare is running out and this all was predicted in the 70's and it follows the limits of growth roadmap. 2030 will be the purge of the global popuulation. will it be the start or the end? I don't know.
TEAM RUSSIA & TEAM CHINA ALL THE WAY AND BEYOND FOREVER!👍🙏🇷🇺🇨🇳🐻🐼☮️🙂🌏‼️
If you hurt a country’s wallet then they can’t afford to spend on military. In time the country weakens then it’s attack mode
The people are waking up to Henry Ford's statement regarding the operation of the Banking Industry and the dollar! It's a pyramid… in short.
It will come back as Hyperinflation, as more countries dump the useless paper.
Financial news from a man on the run from dodgy financial dealings 😂😂😂
the one doing the attack here is the USA….by weaponizing the dollar. the swift financial system and the sovereignity of nations by imposing USA values
WHEN THE DOLLAR COLLAPSES, IT WILL BECOME W-O-R-T-H-L-E-S-S O-V-E-R N-I-G-H-T AND FORTUNES WILL BE L-O-S-T!!!
Everyone says National Debt, but it's not National, it's corporate debt….United States is not a Nation…..They don't even hide it in their own statutes.
These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.
Do you mean to tell me that when someone uses something as a weapon against their adversary, then sooner or later the adversary will come up with a way to make that weapon useless? Gasp! I'm shocked!!!
I swear i will never donate to a political potty ever again. No charitable donations, no christmas red bucket donations. Nothing to implement these chinese Nazi currency changes.