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Will Russia, China, and The Fall of The Dollar Collapse America? · Earn Your Leisure

• 0:00
  Speaker 1: So the break situation with that went viral last week
• 0:04
  Speaker 1: when you know a lot of different things we posted
• 0:06
  Speaker 1: about China and Russia, variety of other different countries. So
• 0:10
  Speaker 1: now Saudi Arabia has partnered with China to build an
• 0:13
  Speaker 1: oil refinery for twelve billion, and China and Brazil have
• 0:18
  Speaker 1: reached a deal to trade in their own currencies, pitching
• 0:22
  Speaker 1: the US dollar. What does this mean for our stock market,
• 0:27
  Speaker 1: our economy and what do we do to protect ourselves?
• 0:32
  Speaker 2: Yeah, this is the thing that people have been asking
• 0:34
  Speaker 2: the most. It's like, what I do to protect So
• 0:37
  Speaker 2: the two tech two index strategy will work whether we're
• 0:40
  Speaker 2: number one or number three, number five in the world.
• 0:43
  Speaker 3: It's really important.
• 0:44
  Speaker 2: We talked about it last night that I've never said
• 0:45
  Speaker 2: it before, but any company that you're investing in, you
• 0:48
  Speaker 2: want to make sure that they have good relationships in China, Russia,
• 0:52
  Speaker 2: and India. India especially because their population has grown really
• 0:57
  Speaker 2: fast and Apple just happens to be building a huge
• 1:00
  Speaker 2: plant there. We'll have a lot of jobs there, have
• 1:03
  Speaker 2: good relationships in China and good market share. What does
• 1:06
  Speaker 2: this mean for our stock market and economy if we
• 1:08
  Speaker 2: don't get our affairs in order we're going to be
• 1:10
  Speaker 2: in trouble. This is no different than like, let's say
• 1:12
  Speaker 2: I'm in I don't know the Bronx, and I go
• 1:15
  Speaker 2: outside and say, nobody won't smoke with me in the Bronx.
• 1:19
  Speaker 2: I don't wish y'all would come outside. Not a good idea,
• 1:23
  Speaker 2: And then that was nine people from the Bronx.
• 1:25
  Speaker 3: I don't like pop, you hold up and then you
• 1:27
  Speaker 3: up and smoke right up and smoke tour right.
• 1:32
  Speaker 2: So now, if you've ever seen breaking bad like America's
• 1:35
  Speaker 2: Jesse Pinkman, loud, obnoxious, troublemaker, and then all the cartels,
• 1:40
  Speaker 2: which would be Brazil, Russia, India, China and South America,
• 1:44
  Speaker 2: I'm even looking now and seeing Oman and has joined.
• 1:48
  Speaker 2: Of course, we talked about Kenya before. We've been a
• 1:51
  Speaker 2: bully for so long that all of our enemies are
• 1:54
  Speaker 2: coming together to work against us.
• 1:56
  Speaker 3: That's what we talked about it last night.
• 1:58
  Speaker 2: You have to be very careful who you go to
• 1:59
  Speaker 2: war with, because this generation may not be the one
• 2:02
  Speaker 2: that attacks you and defeat you. It maybe be the
• 2:05
  Speaker 2: generation after. I don't want to be salacious and say
• 2:07
  Speaker 2: what I said at the show, even though I believe
• 2:10
  Speaker 2: It's true platform is bigger, but if we do not
• 2:13
  Speaker 2: get our affairs in order, that's going to affect our
• 2:17
  Speaker 2: stock market because we really don't have any advantages anymore
• 2:20
  Speaker 2: outside of the military.
• 2:21
  Speaker 3: And I'm glad you stopped right there, because it was
• 2:23
  Speaker 3: the military was the number one thing for that region, right.
• 2:28
  Speaker 3: We were protecting our interest, right, which was oil at
• 2:30
  Speaker 3: the time. But like these type of moves when I
• 2:33
  Speaker 3: when I read them and I see it, the number
• 2:34
  Speaker 3: one thing I think of is our dominance is waning.
• 2:39
  Speaker 3: Now how fast does it wean?
• 2:41
  Speaker 2: It'd be a ten to thirty year period, but things
• 2:44
  Speaker 2: can get bad over the next three really fast.
• 2:47
  Speaker 3: I think.
• 2:49
  Speaker 1: I think that statement is grossly exaggerated. And the reason
• 2:53
  Speaker 1: why that our dominance is winging why, well, I may say, why.
• 2:58
  Speaker 4: So I feel that A we talked about this before.
• 3:01
  Speaker 1: America still has the strongest military in the world by far,
• 3:05
  Speaker 1: not even close. So from a military standpoint, nothing has
• 3:08
  Speaker 1: really changed. The American dollar is still the strongest most
• 3:12
  Speaker 1: used currency in the world by far. It's like one
• 3:15
  Speaker 1: hundred yard head start in front of the next.
• 3:19
  Speaker 2: But were about to blow ane, Like how I deal
• 3:21
  Speaker 2: when I got filed.
• 3:22
  Speaker 1: But then also I don't think it's it's the world
• 3:25
  Speaker 1: is becoming flat. So a lot of this stuff is politicized,
• 3:28
  Speaker 1: but everybody's working together and everybody is moving around. But
• 3:32
  Speaker 1: when you look at who really runs the world as corporations,
• 3:37
  Speaker 1: the top corporations.
• 3:38
  Speaker 3: Are American based companies.
• 3:40
  Speaker 1: So when you have Apple, when you have Amazon, when
• 3:43
  Speaker 1: you have Google, when you have Meta, when you have Microsoft,
• 3:46
  Speaker 1: the common denominator is that those are all American companies.
• 3:49
  Speaker 1: So and they're all international companies. So they do business
• 3:52
  Speaker 1: in China, they do business, and they do business in Africa.
• 3:54
  Speaker 1: They're going to do business all over the world. But
• 3:57
  Speaker 1: the world is driven by technology and all of the
• 4:00
  Speaker 1: strongest technology companies are American companies.
• 4:02
  Speaker 2: But we all sourced a lot of our tech to
• 4:04
  Speaker 2: India workers, which is key, which is a huge mistake too. Also,
• 4:10
  Speaker 2: like notice Apple and Microsoft over the last ten years,
• 4:14
  Speaker 2: Tesla's trying to make a huge push into China Go
• 4:17
  Speaker 2: so are protecting the interest to make sure that they're
• 4:19
  Speaker 2: dominant in other countries. If we fall, you guys don't
• 4:22
  Speaker 2: have to listen to me, even though I said this
• 4:24
  Speaker 2: two years ago, then I'll see everybody tagging me that
• 4:26
  Speaker 2: wealth post shout out to them. I'm like, I've been
• 4:28
  Speaker 2: telling you this is coming. But if Apple and China
• 4:30
  Speaker 2: building that biggest facility in India and China, there is
• 4:33
  Speaker 2: a reason why.
• 4:34
  Speaker 1: Well, I think that it's only intelligent too. Why are
• 4:39
  Speaker 1: we in Canada. We're not local, We're not minimizing ourselves
• 4:43
  Speaker 1: to America. You would be an extremely unintelligent person if
• 4:47
  Speaker 1: you only do business in the area that you actually live. Like,
• 4:50
  Speaker 1: the world is your oyster, So you should be finding
• 4:54
  Speaker 1: ways that you can make money across different borders and
• 4:56
  Speaker 1: across different regions. So if you're the biggest companies in
• 4:59
  Speaker 1: the world, why would you not invest infrastructure in different economies?
• 5:03
  Speaker 3: At one point we didn't have to, though, so that
• 5:06
  Speaker 3: the word waning is like, let's say, twenty years ago,
• 5:10
  Speaker 3: could you even imagine Saudi Arabia saying that we're not
• 5:15
  Speaker 3: using currency anymore?
• 5:17
  Speaker 4: Well, Saudi Arabia never said that they wasn't using the currency.
• 5:20
  Speaker 3: Well, but in the deal with them in China for
• 5:22
  Speaker 3: the oil, that's what they're saying.
• 5:23
  Speaker 4: And also that but that that's one deal.
• 5:27
  Speaker 3: This I'm saying twenty years ago that could that wouldn't.
• 5:30
  Speaker 2: Also like a super conspiracy like that would have no
• 5:33
  Speaker 2: India or trade and Rupe's going for it, ditching the
• 5:36
  Speaker 2: US dollar.
• 5:38
  Speaker 1: Yeah, but like I said, a lot of this stuff
• 5:39
  Speaker 1: is semantics, because it's not semantics. It's it's not a
• 5:44
  Speaker 1: major threat to everybody knows that China's economy is on
• 5:49
  Speaker 1: pace to pass America. It's been documented for the last
• 5:52
  Speaker 1: twenty years.
• 5:53
  Speaker 3: But yeah, but I've always said, think, I think it's
• 5:56
  Speaker 3: two different conversations, right, Like, is it a major threat?
• 5:59
  Speaker 3: Maybe not? Is a dominance waning? I think so dominance,
• 6:02
  Speaker 3: but it doesn't have to be. It's not a major
• 6:04
  Speaker 3: thirty Yeah, that's what I said. And how long does
• 6:05
  Speaker 3: it take? About thirty years? Listen?
• 6:08
  Speaker 2: Please please right? But thirty dollars by fast. But we're
• 6:10
  Speaker 2: gonna see a huge change in cans. And it's not
• 6:13
  Speaker 2: China versus US. It's China plus India plus Ghana plus
• 6:19
  Speaker 2: Kenya plus Mexico. Okay, Now, if we're gonna be super honest,
• 6:25
  Speaker 2: when that virus came here, that was stage one of war,
• 6:29
  Speaker 2: when a fit nail got shift to Mexico and Mexico
• 6:31
  Speaker 2: moved into the start.
• 6:33
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  Speaker 3: Eight.
• 8:24
  Speaker 2: That's Phase two, TikTok, Phase three, dollar, Phase four. No
• 8:29
  Speaker 2: one else was talking about this two years ago. You
• 8:31
  Speaker 2: think I went to Mexico just because the tequila good
• 8:34
  Speaker 2: and what? No, I'm want to get away just in
• 8:40
  Speaker 2: case things go down. Almost to DZ, I told you so.
• 8:44
  Speaker 2: How you say I told you so Spanish? How you
• 8:46
  Speaker 2: saying in French?
• 8:47
  Speaker 3: Let me know. I'm telling you, y'all don't have to
• 8:49
  Speaker 3: listen to me. It happens all the time.
• 8:51
  Speaker 2: Big, I ain't never going for all that, and then
• 8:53
  Speaker 2: it falls and then I'm like, told you, show.
• 8:55
  Speaker 3: Will monitor the situation. Briggs. Have we all all like
• 8:59
  Speaker 3: Noah old game.
• 9:00
  Speaker 2: So that was like a gangster in nineteen eighty two
• 9:02
  Speaker 2: and all the young boys run them off the block.
• 9:04
  Speaker 2: Now that's America. Get off my block, otis I'm playing
• 9:08
  Speaker 2: with you no more?
• 9:09
  Speaker 3: Get up, Craig, get up. Great.
• 9:12
  Speaker 1: We will mind to the situation, for sure. We will
• 9:17
  Speaker 1: mind to So we got thirty years. Yeah, But like
• 9:20
  Speaker 1: I said, I mean even if, even if America is
• 9:22
  Speaker 1: not number one, not the end of the world.
• 9:25
  Speaker 3: That's why is it a major threat? Maybe not a
• 9:27
  Speaker 3: major threat, but going from one to two, that means
• 9:29
  Speaker 3: the dominants. But as invest is my favorite.
• 9:31
  Speaker 1: But yeah, the dominance is waiting for sure. But it's
• 9:35
  Speaker 1: not it's not a drastic it's not a drastic fall.
• 9:37
  Speaker 1: I know what I'm saying.
• 9:38
  Speaker 4: It's like, that's true. The decline is going like this.
• 9:40
  Speaker 1: Yeah, but everybody, everybody has everybody has already seen a decline.
• 9:44
  Speaker 3: It's not a surprise. But the thing and this is
• 9:46
  Speaker 3: like that business lesson right, if you're not going to business,
• 9:48
  Speaker 3: what you're doing?
• 9:49
  Speaker 2: Dying the kid the dog, everybody died and no lion,
• 9:54
  Speaker 2: Hey jeans too tight.
• 9:56
  Speaker 3: Leadership terrible.
• 9:58
  Speaker 2: We exported everything that was great about America to another
• 10:01
  Speaker 2: country and got mad when other countries took our model,
• 10:04
  Speaker 2: remixed it and use it against us. We got to
• 10:06
  Speaker 2: keep some stuff home grown. Also, as investors, the most
• 10:09
  Speaker 2: important exercise is this, what do you do if everything
• 10:13
  Speaker 2: goes wrong? At one time twenty five years ago, when
• 10:17
  Speaker 2: I was buying a Shine album or something, I never
• 10:19
  Speaker 2: would have thought Brazil, Russia, India, China would come together
• 10:22
  Speaker 2: and say that we're going to come off the petro
• 10:23
  Speaker 2: dollar and we will lose our tech dominance. Even being
• 10:26
  Speaker 2: here in Toronto, their main institution, like main sector that
• 10:30
  Speaker 2: is doing well with the banks. It reminds me of
• 10:33
  Speaker 2: nineteen eighty through two thousand and seven. Once we went
• 10:36
  Speaker 2: super tech heavy, it led to the downfall because we
• 10:39
  Speaker 2: start printing money too fast and putting too much money
• 10:41
  Speaker 2: into these companies.
• 10:42
  Speaker 3: It's led to urge. I think that's true for even
• 10:44
  Speaker 3: this economy right here in Canada. It's like to have
• 10:46
  Speaker 3: that level of dominance from one sector is risky. Yeah,
• 10:50
  Speaker 3: they're gonna slowly diversify. Right.
• 10:53
  Speaker 4: Here's what.
• 10:54
  Speaker 1: I don't want to label this point too much because
• 10:56
  Speaker 1: we have all the stuff talk about, but here's my
• 10:58
  Speaker 1: last thing about America. America has a lot of issues,
• 11:00
  Speaker 1: for sure, But the one thing that America has over
• 11:04
  Speaker 1: the vast majority of almost every other country in the
• 11:06
  Speaker 1: world is that all these other countries, the government really
• 11:10
  Speaker 1: runs the country.
• 11:12
  Speaker 3: America, business runs the country.
• 11:14
  Speaker 1: So when you go to China, it's like the government
• 11:17
  Speaker 1: is stronger than the private sector. Even here they were saying,
• 11:21
  Speaker 1: like how showing the government is out here, like as
• 11:22
  Speaker 1: far as the rules and regulations, you can go down
• 11:25
  Speaker 1: the list, any African country, the Middle East, whatever. That
• 11:29
  Speaker 1: leads to slower growth in the private sector. It's a
• 11:32
  Speaker 1: reason why ninety percent of the companies that are bigger
• 11:36
  Speaker 1: in the world are American based. Agree, when you have
• 11:41
  Speaker 1: government that is in control of the situation, it is
• 11:46
  Speaker 1: not beneficial to private sector growth. So I say that
• 11:49
  Speaker 1: to say America still has a tremendous advantage from a
• 11:53
  Speaker 1: political standpoint, because even though it's hard to get anything
• 11:58
  Speaker 1: done because politicians don't really have that much power, that's
• 12:01
  Speaker 1: actually been official for business because now that leads to
• 12:05
  Speaker 1: businesses becoming independent and business really runs government because lobbyists
• 12:12
  Speaker 1: pay for politicians and they pushed through what they want
• 12:15
  Speaker 1: to get done. So no other country really has that
• 12:18
  Speaker 1: system running as efficiently and effectively as America.
• 12:21
  Speaker 3: It's not even close.
• 12:21
  Speaker 1: Like I said, all those other countries that you just named,
• 12:24
  Speaker 1: the government runs everything.
• 12:27
  Speaker 3: Arabia, the king runs everything, king runs everything. What happens
• 12:30
  Speaker 3: when you have the government that creates the company that
• 12:32
  Speaker 3: cannot tip.
• 12:33
  Speaker 1: That's even that's that's they already have that. That's what China,
• 12:35
  Speaker 1: That's what I'm just saying. It's not it hasn't worked.
• 12:39
  Speaker 1: It doesn't work in the same manner. It's been proved.
• 12:42
  Speaker 3: They they has.
• 12:43
  Speaker 4: TikTok that that's one company.
• 12:45
  Speaker 3: But I'm just saying that.
• 12:46
  Speaker 1: That's what I'm saying, is that one or two Ali Bob,
• 12:49
  Speaker 1: But yeah, it's gonna pop up at mass scale.
• 12:53
  Speaker 4: They don't have one hundred companies. They don't have five
• 12:55
  Speaker 4: hundred companies.
• 12:56
  Speaker 3: Difficult.
• 12:56
  Speaker 1: It doesn't work in that same manner because government is
• 12:59
  Speaker 1: not official and that government is to provide for people.
• 13:04
  Speaker 1: It's not politicians are not business people. This is why
• 13:09
  Speaker 1: when in the States, yeah, well in general, in general,
• 13:13
  Speaker 1: for the most part, there's gonna beestion the for the
• 13:15
  Speaker 1: most part.
• 13:17
  Speaker 4: This is why the socialist governments they don't work.
• 13:21
  Speaker 3: Yeah, you can't.
• 13:22
  Speaker 4: You can't run business if you're not a business person.
• 13:27
  Speaker 4: It's tougher to do a skill, extremely difficult.
• 13:29
  Speaker 3: But when I saw.
• 13:31
  Speaker 2: Pooding and ggping making pancakes together, like I've been friends
• 13:33
  Speaker 2: with a time for like twenty five years, I've never
• 13:35
  Speaker 2: made no pacas. You know how long you have to
• 13:39
  Speaker 2: be friends with somebody to make pancakes to them in public?
• 13:41
  Speaker 2: So what if they go to to to label your point, Hey,
• 13:46
  Speaker 2: this traditionally hasn't worked, and they making pancakes together, putting
• 13:48
  Speaker 2: a little honey on the do the as salt a thing.
• 13:51
  Speaker 2: What if they go to Elon because Elon is not
• 13:53
  Speaker 2: from the States, and say, hey, move tests over here,
• 13:56
  Speaker 2: no taxes for fifty years, and we'll make sure that
• 13:59
  Speaker 2: you have global dominance in China.
• 14:01
  Speaker 3: What would that do to our market? All these Indian CEOs.
• 14:05
  Speaker 2: Nothing if they want to do nothing to our market.
• 14:08
  Speaker 1: Tesla is one company. Tesla's still going to operate in
• 14:11
  Speaker 1: the market. Stockution I won't.
• 14:12
  Speaker 3: I think nothing is uh overstated.
• 14:17
  Speaker 2: It will just But and with Indian CEOs, if they
• 14:21
  Speaker 2: get incentivized to go back to India a bill more
• 14:24
  Speaker 2: there and we lose four big major players, what happened?
• 14:27
  Speaker 2: We can say it though, Man, we saw what happened
• 14:28
  Speaker 2: to Cleveland when bron left.
• 14:32
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