4.7 • 1K Ratings
🗓️ 21 April 2025
⏱️ 54 minutes
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0:00.0 | Hello, fellow rebel capitals, hope you're well. |
0:03.0 | So we've got a lot to go over today. |
0:06.7 | Later on, we're going to do a video on how the market's crashing, how yields are behaving, |
0:13.5 | let's say, or how yields are reacting, why this is going on. |
0:16.8 | We're going to try to connect some dots. |
0:18.1 | But before we get into that video, I want to talk |
0:21.3 | more specifically on what is happening to the dollar. It's down another 1% today on the DXY. |
0:31.1 | Now, this is a huge move. It is almost unprecedented. And notice I said almost because we have seen moves like this in the dollar when we have a lot |
0:42.5 | of market volatility to the downside. |
0:45.4 | And we also see interest rates going up. |
0:49.3 | Unfortunately, we have only seen this happen in times of great distress, let's say, such as the |
0:56.8 | Cervasus sickness and such as September, October of 2008 during the GFC. |
1:03.9 | But I think the bigger question right now that people are asking is, number one, are all |
1:09.5 | of these foreigners dumping their treasuries, therefore dumping |
1:12.5 | dollars? That's the, and is this the end of the dollar as the global reserve currency? |
1:19.4 | And if so, does that mean this is the beginning of the dollar crash that everyone has been |
1:25.9 | predicting? And I see people in the chat talk about my good |
1:29.6 | buddy, Peter Schiff, and obviously Peter has had this position for quite some time. And, you know, |
1:36.5 | I've got a ton of respect for Peter, but on this specific point, I have some disagreements. I see |
1:42.7 | things differently, let's say. So what I did on Saturday, |
1:46.8 | if you guys tuned in for that or if you didn't tune into that, I actually went through kind of a |
1:51.6 | debate with chat GPT. Honestly, I didn't think people would like it at all and people loved it. |
... |
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