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Will China Kill the Dollar? (De-Dollarization Has Begun)

2024-09-28 Education
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Nomad Capitalist
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Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ More countries are accepting Chinese yuan in global trade. The yuan's share of cross-border payments has risen to 52%, while the dollar's has fallen to 42%. In this video, Mr. Henderson covers the de-dollarization taking place and reveals what will replace dollar dominance, as well as what you can do to prepare. 00:00 What Will Replace the US Dollar? 01:21 China-Indonesia Trade 04:12 Yuan vs Dollar Cross-Border Payments Share 05:07 China and the Global South 08:10 US and the West Losing Power 15:37 Your Options Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Top Comments (10)

@nomadcapitalist 2024-09-28

With US hegemony waning and multipolarity rising, now may be the time to consider obtaining citizenship or residence in a BRICS country. This video reveals citizenship and residence programs in current BRICS member states, as well as future members of the alliance - https://www.youtube.com/watch?v=Cz7GJfYXosI

71 9 replies
@alexpan8138 2024-10-07

I own a company near Shanghai China and we produce CNC Machines, Our customers from Brazil, Russia and Thailand all sign contract with us in CNY and Paying us in CNY now. These are not small countries. They feel the CNY is more stable than their own currency. We can feel the change now.

23
@henrye718 2024-09-29

It's amazing to me that a country can just print money so recklessly with no possible way to pay it back and It's currency doesn't get devauled. Any other country does this thier currency will become worthless, it must be because so many hold the U.S. its falsely being held up...

71 10 replies
@OddRagnarDengLerstl 2024-09-28

Don't blame China for what is entirely USA own fault. De-dollarization is caused by the failed policies of several administrations. People are looking for alternatives to the USD.

306 30 replies
@fiathedge1795 2024-09-29

You are absolutely correct. People are delusional

21
@kawaiiduck5924 2024-09-28

Major focus of the Art of War is build your allies,and isolate your enemy

14
@emanuelet1366 2024-09-29

I believe the work you're doing is much more important than it seems.

8
@paullewin8615 2024-09-28

No , it's not about de- dollarization, it's about dollar devaluation. The sooner this dept system ends the better for the world.

75 3 replies
@Marmaduke_Mallard_III 2024-09-28

Insightful video, Andrew. China does not want the renminbi to be the global reserve as it comes with other onerous responsibilities that China does not want to shoulder (something like the Pax Americana and previously, Pax Britannica). If you want to point the finger, it's the USA that is killing the US dollar -- by weaponizing it, and by running up staggering current account deficits and concomitant fiscal deficits that have to be funded by debt that cannot possibly be repaid. The USA is visibly a declining economic and geopolitical power, with its de-industrialized heartland and its weakening hold over other parts of the world.

103 9 replies
@Felipe-n3j 2024-09-30

Correction….not China …It’s BRICS…

47 7 replies

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