 Is this the beginning of the end for the US dollar and possibly American global dominance? Whoa, this is a heavy one. It's very high level, but we're gonna try to make it informational and funny guys Here's the headline Brazil China strike trade agreement deal to ditch the US dollar and her long story short since 1944 most international trade has been done in US dollars Even if it was between two countries that don't use US dollars, but China and Brazil which is to to huge economies huge populations They're not gonna do that anymore. They're just gonna trade direct with each other So you're saying a country that is the best at soccer in the country Who cannot even get their soccer team into the World Cup at all are teaming up against America kind of well They're not teaming up against America necessarily But they're just bypassing this system of converting everything into USD to do trade Is it kind of like oh, yeah, I need to save some money You're like right now like I'm getting charged extra 5% on every transaction with you Brazil like we should probably like stop doing this Yeah, it's kind of like paying in cash at the rest at the Chinese restaurant to save like 5 or 10 percent All right guys So what we're basically going to do is and of course we did not study macro even Microeconomics or geopolitics at Harvard Stanford or whatever we try to stay informed on this and we you know Are intellectually honest, but we're not experts on it So I don't want to go into the super super details about like what's gonna happen here. This is gonna happen here I don't know about the that kind of stuff But we are gonna go through the different perspectives on the internet in the comments down below You can let us know how you feel, you know But just keep it civil and let's try to have this be a productive conversation because this is Apparently a very emotional for a lot of people so guys whether or not you understood what the reserve currency was before this video before This news came out it doesn't matter Please hit that like button check out other episodes of the hot pot boys because we are going to have a positive conversation All right, let's get to the internet comment Somebody said is there any good news coming out about America anymore and someone said, you know good news doesn't make good content This is just the media trying to freak people out get more clicks sell more ads get more money I mean, I think it's a good headline But I would have to say from my limited knowledge. It is a significant move Maybe while albeit does not mean everything right it possibly was sensationalized But it also meant something so maybe both are true Somebody said the US did it to ourselves man We were too busy trying to say that China is bad when they were giving out a good deal to the other countries There were second or third world that we were ignoring we got to get our act together as the USA And maybe come to the deal the business with some better deals Yeah, no, it's true that China was cutting a lot of deals with more developing countries are in developing economies and Therefore they're building those allies, you know That's something not that America wanted to do because they didn't see any interest in that and it didn't benefit America And here we are and also America just is not competing on the same level it used to that's that's a fact Someone said come on man. I don't buy this China rising mumbo jumbo They're gonna be losing money on all those loans to those poor countries because those aren't run very well They've got no good image or soft power respect in the developed world at all plus man The poor countries wouldn't even lack them unless they needed them once their whole banking system falls apart They're gonna rebel against Winnie the Pooh, so nothing to worry about Somebody said economically it's fine. They can switch to whatever currencies they want. I don't care if they trade in USD It's more the military power that I'm worried about well Are they referring to American military presence in Asia because you know the Pacific is just it's just across the water So of course actually America still has a lot of power over there I'll be it not really over China itself, but over a lot of the seas obviously helps Taiwan South Korea all this stuff So I guess is that what they're referring to yeah I mean long story short America for the longest time has pretty much been the biggest player in every region in the world Maybe outside of a few. I mean really everywhere and obviously China is gonna compete with the US for Asia Mm-hmm. Yeah, but of course there's also the whole concept of like wait Why do we need to control Asia if we're America? But of course there's the whole thing of like that's why it's important because America needs to stay number one Maybe maybe that's why America was number one and dominated so things so much Because they wanted to dominate and they spent the price to do it But other people are like man is that price worth it in 2023 somebody said what a joke of a story man This is just a job in the bucket these countries do not have a good plan Brazil's known for buttlifts and soccer Not a superpower China's gonna shrink in population. Nobody wants to live there So they won't have a leap brain immigration They got a real estate bubble like Evergrande their whole country's a bunch of little emperors that are selfish Just do whatever they want. It's good for them and they're just gonna team up with other incompetent governments I'm sick of hearing this story. It's a non starter for me. Wow You know Yeah, I could be the start of something it probably doesn't mean everything but I mean they make some valid Some valid points. I'm not gonna go point for point against them. I think there was some truth in I think for me I just go off with the global CEO say because they own a lot of factories and companies and headquarters all around the world because Obviously if you just talk to somebody over there, you talk to somebody over here or somebody over there They're just biased for their own incentive and their own lens on the issue But people who have incentives all over the world They're just trying to make the most accurate read possible Elon has a comment on it We'll get to that later. Obviously Ray Dalio as well somebody said in the long term It's gonna be good for the USA because we're just not gonna focus in police the world anymore We can focus on ourselves. So, you know, we could just get things good in our own borders again I don't care about the panda you on replacing the petro dollar It don't even make me mad because in the long term It's gonna help us figure things out because we got a mess of things going on in our borders, right? This is an interesting take you guys let me know in the comments down below when you think about this comment It essentially says in a different Framing like man, you know, I just got to stop partying. I got to stop worrying about other rumors that people got going on I'm gonna stop gossiping. I'm just gonna worry about myself. I got to show myself self-love. Does America need more self-love? Oh Somebody said once the austerity days come all the boys and girls will stop sleeping around party and doing drugs all day And have real families just like World War two in the golden generation Forced to be wholesome and have nuclear families just due to the circumstances. I look forward to it Wow, hey, this was like a fiery southern Baptist preacher or something. I bet the person who wrote this comment does sound like that Yeah, I'm just gonna assume somebody did also say from England, you know every empire ends we Brits understand But listen, we still live on we still have good lives even though we're not able to dictate Everything that goes on in every corner of the globe anymore. Yeah, well, you know, it was nice colonizing everywhere And you know now everybody speaks English at least so that's quite nice. Yeah I mean, let's be honest guys The contract between Brazil and China to even trade in the Yuan was probably still written in English Yeah, so they're saying that basically you can don't worry guys You can still live a comfortable Western life without having to dominate the world, right? We are quite happy in the Netherlands. We gave it up. Well, we used to dominate but uh, you know, it's okay We just have what we have we got a lot of stoop waffles. If you look at all the happiest places in the world They're all up north. Yeah, I try to do too much. Okay, like we used to somebody said This is what Elon said and we're getting into the billionaires Elon Ray Dalio They basically were like the USA has been doing a lot of heavy-handed bully moves on the rest of the world And they're kind of sick of it whether that's printing so much money So other people's USD holdings are weaker because they're flooding the market with obviously it's like a supply-demand equation Other people said yeah, listen guys I think Russia is doing a messed up thing right now But if we void their bonds it does also call in a question like the sanctity of the banking system Hey America for very long. You are a pretty cool bully. A lot of people like your style They try to buy the same shoes that you wear But somewhere along the road, I have to stand up to you. So I'm not taking your Fee anymore. Yeah, we bought Nikes for so long in Jordans, but now we want chow down and leaning. What's wrong with it? Somebody said listen guys, we might have been bullies all around the world But I'm a bully. I don't care. I'm American So even though I guess the rest of the world is sick of America being bullies I don't care because I'm trying to maintain dominance into me. That's my survival instinct This was pretty interesting Andrew because a lot of internet comments I find that they try to be like faux intellectuals sort of like taking everything, you know global opinions into a matter This was just straight. Yeah, sure. Maybe I just don't care though America number one You know what I can respect about this comment is that this guy's playing for his team He's chair unapologetic bro He is unapologetic for going for the home team and the home team is America and he's like hey man if America Gain dominance of the world because we were dominant all around the world doing all these things having our hands and all these little cookie jars So be it. Yeah, stay there. I think it's different I do think American dominance over the last hundred years has definitely been sold to us And I could see why it totally been sold this way as we are the good guys who dominated the world The other people who dominated the world were bad guys like the world is better that we dominated it I mean, I think obviously to be honest I actually think a majority of people Andrew in America feel the way as this past comment does it's not really the people Would study all these macroeconomics at an elite level somebody said our politicians sold us out man They divided us on social issues while doing all this shady complex stuff that regular citizens can't understand behind the scenes Man, they only care about reelection or getting rich. They don't care about the big things anymore They don't even care about the small things anymore. Yeah, no I mean listen like safety is such a huge issue around America right now safety and crime and those things are very very divisive issues I will say this and I'll explain more later, but essentially America listen, you're not gonna hate or shame or blame your way out of this issue America's got to compete and it seemed like that when America dominated they deserved it because they were competing at a high level They're kicking everybody's butt so you deserve to be number one It's almost like the it's like if the warriors stop doing what they were needing to do to be a dynasty Then why would they be the pre-emin and think about it because it's the globe global ranking? There is no favoritism because there is no larger governing body That like their God does not choose. Well, some people would think that God chose America But I'm saying God is not picking favorites in this. It's just the country's got to compete But what about manifest destiny? That's what God told me Somebody said it's not just the politicians. It's the entire society in general Nobody cares about anything anymore. Not the larger community. Not their micro neighborhood community. Nobody cares about patriotism It's just about getting rich and being clout and getting necktats and being lit in this whole Kardashian Pete Davidson world that we've just become you know, what's interesting. I was reading I was watching this video and I don't know how true it is but It was from a reputable source and they were talking about now in America People care more about making money more than they ever have in their life now That could be partially fueled by social media, but it could just be what happens in the future So I think like just everybody is concerned young or old is concerned with making money money money money money and it is Kind of not good in a macro picture. Somebody said I am in a third-world country and I am very happy This is happening. This is my perspective coming from my country. You have to understand Yeah, I mean it makes sense, right? Listen guys the world is more globalized now Everybody's perspective holds more weight than it used to somebody said oh, it's an Aussie for me It's pretty amazing to see how far the US is falling between Trump and Biden They just keep making bad mistakes that keep snowballing on each other. Yeah, pretty crazy to me I feel like I feel like Democrats and Republicans everybody got to take blame man because Listen, we've been switching parties for the last what 20 30 years for presidents So I don't know but I feel like this four-year presidential thing is just like it's an old structure that was working When America was dominant, but now that America is so disorganized It almost seems like that's not enough time for a president to make an actual positive Yeah, sort of like dunking on everybody work when Dwight Howard was young. You know what I mean? And then I don't know I'm not saying you know America's like Dwight Howard. I'm just saying Somebody said I hope it happens. I'm American But I just think trying to run the entire world isn't working anymore We just got to focus on what we got going on within our borders America needs of love But also this other comments said man Well, if you look at it everybody still wants to move to America. How come all the immigrants want to come here? So clearly we're still by far the best and I'll say this guys I acknowledge that that is absolutely true because I think the day-to-day lifestyle is still the best in America It's got the best salaries. There's always something going on here. It's not like based in traditional culture Which is kind of boring, you know, if you're especially if you're American I'll say this though. What is happening on a geopolitical level? Dictating all these things and what's happening like on a day-to-day level at your mall or like the concert you went to They are pretty separate for a while. Like you don't really see the connection because there's a lot of layers In between those two things David, they just opened up a grand big old mall in New Jersey. It seems like America's doing fine Somebody said this is gonna lead to World War three because once America knows can't win any more economically It's gonna lean on the one thing that is dominant by and far and large the military. Yeah, I hope it doesn't happen, man Yeah, I mean I've heard this theory before it like I said, I think that's a more of a doomsday one But yeah, it's out there. Somebody said it's just cyclical look at the cycle patterns You know, everybody had a hundred years Spain Portugal France Germany The UK and then you know the US had it since 1944. It's just cycling out What are you talking about America is the pattern breaker America doesn't abide by rules and American dominance will Rain once again Somebody said well, you know at the end of the day, we can't do anything about it either way So why worry just take care of you and your family? I guess you could buy gold and silver physically and other assets or crypto of you believe in that But yeah, I just think this is a drop in the bucket The only way I'd worry about it is if there was like 10,000 drops in the bucket Yeah, who knows man, maybe this whole headline will actually inspire Americans to work harder and elect better people Maybe who knows man. Will the worrying turn into action? That's my question Yeah, who we got to get to our takeaways Andrew a lot of these comment sections have my brain thinking about a lot of things I do not think about on an everyday basis because of course we were talking about high level macro economics right now Andrew, do you think it was just a cost saving measure? You know, we were joking earlier It's just like yeah, man, it's just like paying in cash or the Chinese restaurant You know they give you discount. I don't think it's a small drop in the bucket I mean, it's definitely significant because it's China and Brazil, you know No offense. This is not like two smaller countries like Uruguay Burma, who knows yeah, Burma. Yeah, like it's not yeah, like These are very significant players in the world economy So if big dogs do it then it might inspire a bunch of other medium or smaller dogs Do it and if enough people do it then no longer is it 60 or 70 percent of the world uses US dollars then maybe it's 50 and 40 percent somebody said, uh, you know, honestly This has always happened, but the last time it switched over from the british pound to the US dollar They were both white countries. So it was kind of viewed differently now It's more contentious and not only that it's between different races that look different So there's a whole another racial element that a lot of people don't want to talk about Yeah, I think there's a cultural racial element obviously brazil There's a whole civilized in america and western hemisphere in china is asia, you know It's not it's not europe on europe. Yeah for sure. Um, somebody said, uh, I think both countries are not in good shape The us fought too many wars. They held too much power It was too expensive They printed money to pay for everything which caused inflation each dollar's worthless china pushed growth too hard They sprinted in a marathon They had a really inefficient and unpopular covet policy that killed their economy And uh, so they're both not in good shape So and you have people fighting for 1a and 1b or 1 and 2 and they're both not in good shape No, I think I think both of them got big problems china and america for sure. Hey, big country's got big problems. Yeah Um, somebody said they also have cultural issues. For example, the us is so divided and not focused on structural systems There's a social divide But they can't you have to be able to agree to keep the roads paved and the school safe and everybody educated And basically people have to be able to disagree on identity issues while keeping everything else flowing Yo, is this gonna be kind of like in a war a war of attrition? You know where it's like both sides are weak, but it's just like who wears each other down the most versus who actually beats each other because We could argue it. I'm not sure because you know, you'd have to yeah It's too hard to calculate like a million factors You have to get experts of both sides, but which side got more problems that are severe I don't know somebody said, uh, china is a bunch of spoiled only children They got a super aging population They got no young people due to the one child policy. It's way too competitive to be upward mobile in that country There's crazy wealth inequality Some people in shanghai want to be super modern and global more in line with japan korea and singapore Other people want to be conservative and do it their super own unappealing way Where no young people want to be involved in that so they've got cultural problems too Everybody got problems man. Everybody got problems. Um, so I guess what can you do andrew? I mean like this whole unipolar to dual polar discussion I'm sure we can get into it for like a trillion hours. Like there's so many symposiums on youtube about it Uh, how does it trickle down to an average person? Like we said earlier? Maybe I do agree with that one comment You should just take care of your finances. I guess you can be aware of this complex governing Watchwork mechanism, but at the end of the day, you're just like a tiny little person living within it, right? Yeah, I mean listen I think most people who are commenting to be honest don't even fully understand How the reserve currency is going to affect the rest of the world and this and that I mean But it is a headline and I just think that you're not going to hate or blame your way out of this I know a lot of people are directing their energy towards china or brazil, but mostly china, right? And they're just like man, see that's why I can't go against paylay and the bbls But at the end of the day, listen, you are not going to blame or shame your way out of this directing your energy towards china Which is essentially, you know, because you don't like talk to actual chinese people or like you're not in that country So it's not going to really matter. It's almost theoretical at that point. Yeah people like to talk about china Like it's a person. Yeah, like it's a person they can talk to Like yeah china's over there in the corner of that room Messing with me in my house. No, it's not guys But what i'm saying is like Man, the only people who are going to suffer are essentially innocent asian people So at the end of the day, I will say this sometimes it's cool to read the headlines and sort of know what's going on But you shouldn't get too caught up in this geopolitics because you only have one life and you just got to You got just got to work hard and raise your family. That's it And by the way, I absolutely do think that america and china are in competition And I hope that america wins the competition But I hope that they win it by competing right if they get their act together and they mitigate their downside Of course, every big country is always going to have big problems But if they can mitigate the problems or at least Like, you know, not let it stop the other watch work Then they can be stay competitive, but nobody guarantees you anything in this life, you know Hey, you got to work hard. You got to work for it. Guys, you want that starting spot? Well, guess what that point guard Is kind of slacking right now. Like you said, I just feel like a lot of americans right now They're trying to hate shame and blame their way out of it. It's not going to make america stronger to just be like I china and chinese people in your mind and then your life is a mess Your community is a mess because obviously a community is made up of a bunch of micro lives collectively together in one cohesive unit So, I don't know man. Hey america will be great again By hating on china Anyway, guys, let us know what you think in the comment section below guys We try to give you the whole spectrum on this channel from azn to all this bricks Reserve currency stuff. Uh, let us know keep it civil until next time. We'd hop out boys. We out. Peace You