A New World Reserve Currency | MAJOR CHANGES EXPLAINED
Published: 2022-08-01
Status:
Available
|
Analyzed
Published: 2022-08-01
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A new world reserve currency may be created, which will challenge the dominance of the US dollar.
"soon we could be seeing the creation of a new world reserve currency and the problem with that is that it's going to challenge the global dominance of the us dollar"
Pending
The BRICS countries (potentially including Iran and Argentina) represent 33% of global GDP.
"together the brics countries represent 31 and a half percent of the world's gdp and if we consider adding iran and argentina into the mix because they're thinking about joining the brics countries that would bump that number up to 33 percent of the world's gdp"
Pending
China is predicted to become the largest economy by 2030, leading to a loss of US influence derived from the dollar's reserve status.
"the us economy has been the number one economy since 1871 but it's estimated that by 2030 china will become the biggest one and the us will lose its power of using the dollar as an influence"
Pending
The global economy is projected to reach $104 trillion by the end of the current year (2022).
"it's also partially why the global economy will reach something like 104 trillion dollars by the end of this year"
Pending
A new world reserve currency may be created, challenging the dominance of the US dollar.
"soon we could be seeing the creation of a new world reserve currency and the problem with that is that it's going to challenge the global dominance of the us dollar"
Pending
The BRICS nations collectively produce 26% of global oil, 50% of iron ore, 40% of corn, and 46% of wheat.
"together the brix team produces roughly 26 of the world's oil supply together they produce 50 of the world's iron ore... together they produce 40 of the world's supply of corn... and together they produce 46 of the world's wheat"
Pending
The BRICS countries, potentially including Iran and Argentina, represent 33% of global GDP.
"together the brics countries represent 31 and a half percent of the world's gdp and if we consider adding iran and argentina into the mix because they're thinking about joining the brics countries that would bump that number up to 33 percent of the world's gdp"
Pending
The US dollar's share of global reserves has decreased from 70% in 1999 to approximately 59%.
"research shows that over the last couple of decades the influence of the dollar has been slowly going down in 1999 for example 70 of the world's reserves were held in u.s dollars today it's closer to 59"
Pending
China is projected to become the world's largest economy by 2030, leading to a decline in US influence via the dollar.
"the us economy has been the number one economy since 1871 but it's estimated that by 2030 china will become the biggest one and the us will lose its power of using the dollar as an influence"
Pending
Interest rates on 30-year fixed-rate mortgages have surpassed 5%.
"on the 30 year fixed rate mortgages and home builder confidence is not looking good either"
Pending
The global economy is expected to reach approximately $104 trillion by the end of the current year (2022).
"it's also partially why the global economy will reach something like 104 trillion dollars by the end of this year"
Pending
July experienced one of the strongest stock market performances since November 2020.
"the stock market just had one of its best months in the month of july than we haven't seen since november 2020"
Pending
The BRICS countries collectively produce significant portions of global oil (26%), iron ore (50%), corn (40%), and wheat (46%).
"together the brics team produces roughly 26 of the world's oil supply together they produce 50 of the world's iron ore which is used to make steel together they produce 40 of the world's supply of corn which is considered to be the world's most important food crop and together they produce 46 of the world's wheat"
Pending
The share of US dollars in global reserves has decreased from 70% in 1999 to approximately 59% currently.
"research shows that over the last couple of decades the influence of the dollar has been slowly going down in 1999 for example 70 of the world's reserves were held in u.s dollars today it's closer to 59"
Pending
The home affordability index has reached its lowest point since 2006.
"the national association of realtors just released data on the home affordability index which has hit a new low that we haven't seen since 2006"
Pending
Federal Reserve Chairman Jerome Powell has indicated the possibility of multiple world reserve currencies.
"even our own central bank chairman pop powell has said that there could be more than one world reserve currency"
Pending
Federal Reserve Chair Jerome Powell has indicated the possibility of multiple world reserve currencies.
"even our own central bank chairman pop powell has said that there could be more than one world reserve currency which has never happened before"
Pending
Investing in the market for 20 years or longer guarantees a 100% chance of making money.
"the longer you stay invested in the market the more you increase the odds of making money from it until you increase the chances to 100 chance of making money if you stay invested for 20 years or longer"
Pending
Historically, the stock market has been the best-performing asset class after accounting for inflation.
"the stock market has been the best performing asset class by far when factoring inflation"
Pending
Historically, the stock market has been the best-performing asset class when adjusted for inflation.
"the stock market has been the best performing asset class by far when factoring inflation"
Pending
Staying invested in the market for 20 years or longer increases the probability of making money to 100%.
"the longer you stay invested in the market the more you increase the odds of making money from it until you increase the chances to 100 chance of making money if you stay invested for 20 years or longer"
Pending
In the long term, the political party in power has little impact on the stock market's tendency to increase.
"in the long term it doesn't matter whether it's democrats or republicans in power the stock market tends to go up"
Pending