The Dollar is Done

The Dollar is Done

Why the World Is Ditching the US Dollar: Understanding the Global Shift

The US dollar has long been the world's primary reserve currency. Still, in recent years, countries have been diversifying their foreign exchange reserves and moving away from the US dollar. This blog post will explore why the world is moving away from the US dollar, as discussed in the YouTube video “Why The World Is Dumping The American Dollar” by Vantage with Palki Sharma.

Growing Debt and Deficits: A Cause for Concern

One of the primary reasons why countries are moving away from the US dollar is the US's increasing debt and deficits. The US has a significant trade deficit, which means it imports more goods and services than it exports. This has led to a substantial debt accumulation, currently over $28 trillion. This is a source of concern for other countries holding US dollars, as it raises questions about the stability and reliability of the US dollar as a reserve currency.

The Impact of Sanctions and Trade Wars

Sanctions and trade wars also contribute to the decline in the US dollar's global dominance. The US has imposed sanctions on several countries, including Iran, Venezuela, and North Korea, which has led to these countries seeking alternatives to the US dollar for their international transactions. Additionally, the ongoing trade war between the US and China has led to a decrease in the use of the US dollar in trade between the two countries, with China promoting the use of its currency, the yuan, for international transactions.

The Rise of Digital Currencies

Another factor contributing to the decline in the US dollar's dominance is the rise of digital currencies. Cryptocurrencies such as Bitcoin and Ethereum are gaining popularity as alternative means of payment, and central banks worldwide are exploring the possibility of creating digital currencies of their own. This could potentially lead to a shift away from traditional fiat currencies, including the US dollar.

The Impact of the COVID-19 Pandemic

Finally, the COVID-19 pandemic has also played a role in the shift away from the US dollar. The US has printed a significant amount of money to finance its stimulus packages, which has led to concerns about inflation and the value of the US dollar. Other countries are also looking to reduce their reliance on the US dollar in case of future economic instability.

What Does This Mean for the Future of the US Dollar?

While the US is still the world's largest economy, several issues must be addressed to maintain the US dollar's position as the world's reserve currency. The US government will need to address its growing debt and deficits and work to stabilize its relationships with other countries to prevent the use of alternative currencies. The rise of digital currencies also needs to be monitored, as it could lead to a shift away from traditional currencies.

In conclusion, the shift away from the US dollar as the world's primary reserve currency is a complex issue with several contributing factors. While it may not happen overnight, the US government must address these issues to maintain the US dollar's position as the world's reserve currency in the long term.

Money Printing. Good or Bad?

New Global Reserve Currency

New Global Reserve Currency

The global economy is complex and constantly changing, impacting people worldwide. In the video, “New Global Reserve Currency – SPECIAL EPISODE – Robert Kiyosaki, Andy Schectman,” renowned author Robert Kiyosaki and CEO of Miles Franklin, Andy Schectman, discuss the state of the US dollar and the potential for a new global reserve currency.

Insight 1: The US dollar is declining

Kiyosaki believes that the US dollar is declining due to the government printing too much money, causing inflation and devaluing the dollar. He advises investors to invest in physical gold and silver rather than paper assets like stocks and bonds.

Insight 2: The US is losing its influence

Kiyosaki also suggests that the US is losing its status as the world's reserve currency. Countries like Russia and China are buying gold and moving away from the dollar. He argues that other countries are moving towards a new mutually beneficial relationship that the West is not part of.

Insight 3: Physical gold and silver are better investments

Schectman emphasizes the importance of owning physical gold and silver rather than ETFs like GLD or SLV, which do not provide investors access to physical metals and are subject to counterparty risk. Physical precious metals serve as a haven for investors during economic uncertainty.

Insight 4: Precious metals are a hedge against inflation

Schectman suggests that precious physical metals can be a hedge against inflation and a way to preserve wealth over the long term.


The insights shared in the video are thought-provoking and valuable for anyone interested in the current and future state of the global economy. Kiyosaki and Schectman's insights highlight the potential for physical gold and silver as a haven for investors during economic uncertainty.

Why Buy Gold and Silver 

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