The world’s monetary system changes historically every 30 – 40 years. We have seen three changes just in the last century in 1914, 1944 and 1971. We are due to a change in the monetary world order, but what would replace the dollar standard and the US Dollar as the world’s reserve currency?
I approach this speculative topic by looking at an extremely big event that is happening on October 1st that is not reported at all in the financial media. The International Monetary Fund is adding the Chinese Yuan to its basket of reserve currencies called the SDR or Special Drawing Rights. The United States government fiscal year also ends on September 30th and Congress will have to approve another spending bill by September 30th for the United States government to still function from October 1st.
I look at other events and scenarios that could play a factor in the new monetary system if there is a change coming. Do not miss this episode!
Recommended Resources:
IMF agrees to include China’s RMB in benchmark SDR currency basket
Enhancing International Monetary Stability—A Role for the SDR?
Recommended Books:
The New Case for Gold Hardcover by James Rickards
Subscribe To Our Weekly Newsletter:
The Wealth Dojo: https://subscribe.wealthdojo.
Download all the Niches Trilogy Books:
The 21 Best Cashflow Niches
Digital: https://www.cashflowninjaprograms.com/the-21-best-cashflow-niches-book
Audio: https://podcasters.spotify.com/pod/show/21-best-cashflow-niches
The 21 Most Unique Cashflow Niches
Digital: https://www.cashflowninjaprograms.com/the-21-most-unique-cashflow-niches
Audio: https://podcasters.spotify.com/pod/show/21-most-unique-niches
The 21 Best Cash Growth Niches
Digital: https://www.cashflowninjaprograms.com/the-21-best-cash-growth-niches
Audio: https://podcasters.spotify.com/pod/show/21-cash-growth-niches
Listen To Cashflow Ninja Podcasts:
Cashflow Ninja
https://podcasters.spotify.com/pod/show/cashflowninja
Cashflow Investing Secrets
https://podcasters.spotify.com/pod/show/cashflowinvestingsecrets
Cashflow Ninja Banking
https://podcasters.spotify.com/pod/show/cashflow-ninja-banking
Connect With Us:
Website: http://cashflowninja.com
Podcast: http://resetinvestingsecrets.com
Podcast: http://cashflowinvestingsecrets.com
Podcast: http://cashflowninjabanking.com
Substack: https://mclaubscher.substack.com/
Amazon Audible: https://a.co/d/1xfM1Vx
Amazon Audible: https://a.co/d/aGzudX0
Facebook: https://www.facebook.com/cashflowninja/
Twitter: https://twitter.com/mclaubscher
Instagram: https://www.instagram.com/thecashflowninja/
TikTok: https://www.tiktok.com/@cashflowninja
Linkedin: https://www.linkedin.com/in/mclaubscher/
Gab: https://gab.com/cashflowninja
Youtube: http://www.youtube.com/c/Cashflowninja
Rumble: https://rumble.com/c/c-329875
Share This
Related
860: Michael Mathe: How To Generate Great Returns With The Prefer Lending Strategy
My guest in this interview is Michael Mathe. Michael is an investor and entrepreneur. Michael’s businesses Little Pink Houses Of America and VIP Financial Education, provide amazing business opportunities and financial education. Links: Prefer Access Website: https://www.preferaccess.com/ preferninja@vipfinancialeducation.com Subscribe To Our Weekly Newsletter: The Wealth Dojo: https://subscribe.wealthdojo.ai/ Download all the Niches Trilogy Books: The 21 Best…
859: Devin Sizemore: How To Grow Your Network Rapidly
My guest in this episode is Devin Sizemore. Driven by a passion for meaningful experiences, both personally and professionally, Devin Sizemore has spent his career building and growing businesses that align with his values. From launching his first marketing agency right out of college to creating innovative consulting practices and a cat cafe, his journey…
858: Max Wright: What Is Next For Bitcoin – This Will Shock You!
My guest in this episode is Max Wright. Max is an entrepreneur, investor, educator, consultant and business owner in a number of different niches. Max’s has made a number of prophetic investment predictions including the advice to buy Bitcoin when it was only $11. Max shares what comes next for Bitcoin. Interview Links: Contrarian Dude…
