How The Banks Will Take All Your Money

How The Banks Will Take All Your Money https://youtu.be/EtoIU4Ngf4k How The Banks Will Take All Your Money ► Special thanks to Peter Schiff https://www.youtube.com/c/peterschiff The value of the dollar on international exchanges would collapse because we have these record trade deficits. I mean, the last trade deficit, we had an all time record high. We're running trade deficits of about $1.2 trillion a year. It is enormous. But the only reason we could do this is because the world will take dollars for their stuff. But if they go back to a gold standard, they could take dollars for their stuff. We're going to have to give them gold, which we don't have, or we're going to have to produce stuff which we can't because we don't have the factories, we don't have the infrastructure, the labor force, the supply chains. So the dollar is going to collapse and what's going to happen is all of these products that Americans take for granted are on the shelves. When they want to buy something, they're all going to be gone because we're not going to afford them. I mean, they're going to be too expensive for Americans to buy. So the entire American standard of living is going to collapse. Now, it's not going to make that big a difference for a lot of the other countries outside the US because they don't issue reserve currencies. So, you know, if you're living in New Zealand, for example, the New Zealand dollar isn't a reserve currency. So if you want to import something, you've got to export something. And so people in New Zealand have to earn dollars. We don't have to earn dollars, we just print them. Well, now the people in New Zealand will start earning gold instead of dollars. #stockmarketcrash #housingcrash #dollarcollapse Tyler Pratt