We were unable to load Disqus. If you are a moderator please see our troubleshooting guide.

Spencer Watkins • 12 months ago

Ya, well Dave thinks he's all that and a can of Spam.....

Had I listened to his anti-gold/bitcoin drivel I'd be broke, still working.

He has a BAD habit of veering out of his lane and causing problems much worse for the people he wants to help.

Koonie Koon • 12 months ago

Well, we know who lives in a bubble when he said China has no labor force. Nobody is replacing the US dollars but everyone wants to be less dependent on it. As Warren Buffet said, US can't be printing money indefinitely. If it's any other than US government printing money, it's call counterfeiting. Well, as for gold, it's over 2k now...

I often wonder, if he is an investment guru, why need to sell books or hold paid seminars? If he is as brilliant, he will be a billionaire or even trillionaire.

Hope his company long dollar for the long run.

Bill Harrill • 12 months ago

If you look at the rmd, the fundamentals are all in place to dethrone the Bretton woods agreement. They have established CIPS in place of SWIFT. The current US administration has thecrest of the world laughing at them and hating them at the same time.
The rmb is backed by gold, and the dollar is backed by a priniting press.The Chinese were kind of inflexible at first but have decided to acceptthe currencies of host countries, which has alreadyvtaken place.
This is no longer theory or speculative. It has already been happening. The dollar was doomed when two things happened, when the dollar came off the gold standard and when the US stopped being a producer and turned itself into a consumer.
This guy can say what he wants but thrre are very serious structural problems with the dollar. The Fed is currently ran by a senile grandmother driving the dollar down to the deepest depths of the ocean quicker than the Titanic ever sank

regs • 12 months ago

He stuck somewhere 20 years ago. BRICS accounts 31.5% of global economy. G7 only 30%. And that is just BRICS, not including other NDB members. And there are also more than 10 applicants pending to join BRICS. Of course dollar wouldn't vanish away, but it will lose global dominance and will become more like equal partner to universal world currency.

Jay R. • 12 months ago

Exactly. One among many. Welcome to the multipolar world, Dave.

Randy West • 12 months ago

Well if Dave Ramsey said it.... I'll take my chances with the likes of Warren Buffet

Orville Silvera • 12 months ago

My answer to your question is no. The current strength of the USD lies in the fact of the Oil Trade. If the Petro-Dollar is removed from the equation, where would the dominant USD be as a reserve currency?
A weaponized Dollar is no longer being seen as a positive even by the US billionaires

Jay R. • 12 months ago

BRICS will have a hard digital currency backed by gold and commodities. If all of OPEC plus refused to take dollars, but only BRICS+COIN, it would be a disaster for the USD. THE ONLY VALUE RIGHT NOW IS THAT IT'S BACKED BY OIL. We'd go into immediate double digit stagflation.

Jay R. • 12 months ago

Factually wrong. China's GDP is larger than the US. Russia is a real sector economy, not a liberal economy. Their GDPs are based on what they sell. Ours includes a lot of debt payments, legal services and fees. The five BRICS GDPs already are larger than the US and the EU combined. That will be true of China alone soon and India alone will soon be number 2.

Mitch Allen • 12 months ago

From my observation, add war to the equation and all Reserve Currency bets are tied. US has sold ALL weapons: digital, mechanical and scientific to the highest bidder worldwide. Secrets are nearly impossible (or soon will be) to hide from the highest bidder/hacker (AI/ChatGPT/Quantum computing). But a strategically mounted war economically, politically and geographically which is currently playing out.... Checkmate. Nobody (of the common man) wins. If you don't believe in prayer, now's a good time to reconsider.

KidCharlemagne • 12 months ago

Dave is just spewing what he thinks his audience wants to hear. Perhaps he needs to check with his pastor on this one.

Camaman • 12 months ago

Sounds like a cope piece 😅
I am being bombarded by "Dollar can't be dethroned" articles for 2 days now.
I guess the USA counter offensive narative has started hard.

Lawrence Wong • 11 months ago

This is a moron.