Is the US Dollar Doomed? More and More Countries Are Jumping Ship! ft. Peter St Onge

In this video, Peter discusses three significant announcements regarding the accelerating decline of the US dollar. China has announced that they are using more Yuan than dollars in their cross-border payments, and the dollar share is down to just 40% of world trade being settled in dollars, driving down dollar trade settlement worldwide. Argentina is shifting from the dollar more broadly and replacing its reserves with the Chinese Yuan. Ghana requires gold miners to sell 20% of their gold to the government, which they will use to pay for imported oil instead of chasing dollars that could be rug pulled at any moment. This suggests a new trend for developing countries to exit the dollar, which was once unthinkable quickly, but now seems to be happening via self-inflicted cuts.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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