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 because you are being misled and this goes all the way to the top you're being told the economy is strong because it serves them to tell you that and for people to believe that even though every single one of us feel it in our bones that that is not reality and now the big news which this is equivalent to World War I's assassination of arch Duke ferand they say set off the war we just had that moment in World War II today every fiat currency has died or in the process of dying the average life expectancy of a

fiat currency is 27 years the American dollar is cannibalizing itself in this conversation right now we're going to talk about the decrease in the purchasing power of the dollar this absolutely unbridled monetary creation and a decrease in the confidence in the currency itself meanwhile our biggest creditors such as Japan and China are unloading us treasuries and now oil is being traded in currencies other than the US dollar more and more each day and for the first time ever there is a realistic competitor to the reserve

currency status of the American dollar that being the bricks new gold batch currency and I've said all of this before we even talked about the Central Bank digital currency or this massive Great American debt bomb that is suddenly going to start to matter a lot you might be asking well then what do I do about all of this well there are things that you should do there are AC you should take choices you need to make risks to avoid in this video you're going to see what's happening right now

and then you're going to see what happens next and therefore a whole bunch of things that you can do about it what happens next is the important part that's where you're going to make all the right decisions that's going to help you land on your feet and help the people that you care about we all need to make choices right now to get through this great economic transition and the best way possible the potential economic reset is going to have a lot of commotion a lot of risks and a lot of

really big opportunities in every deck of cards there's one suicide King in the world of Fiat currencies there's many suicide currencies but there's one above all others I've divided this video into nine really important parts and they go in order too so part number one where it all starts fiat currency Fiat means by decree when a king would say this is the coin of the realm now a fiat currency isn't backed by anything it's just a piece of the paper with some ink on it and they say this is a $20 bill this is

a $5 bill this is worth four times the $5 bill it's all just confidence that we put into money it's an idea that we all agree upon if you give me a $20 bill I know I can take that and go down and get some sushi and a green tea maybe have a little bit left over for a movie in the old days at least anyways I think it costs a lot more now but president Richard Nixon closed the gold window and the convertibility of gold for US dollars at that point the US dollar was a fiat currency it was not backed by any

anything it used to be backed by actual money which is gold so each dollar is worth a little bit of gold so there's all these Fiat currencies every currency in the world right now is a fiat currency and they're all floating around together and you say wow the Japanese yen is getting stronger compared to the US dollar and it's declining wait now the Dollar's getting stronger and the euro is coming down so the euro is weak their economy is weaker and it's all based on nothing underlying it so it's

the comparisons to a whole bunch of fiia currencies to each other that gives the illusion have some kind of value there every fiat currency has died or is in the process of dying the average life expectancy of a fiat currency is 27 years this is from real unit Fiat currencies are breathing their last breath the average lifespan of fiat currency is only 27 years the dollar US dollar became a fiat currency on August 15th 1971 thank you Richard Nixon usually what is best for America is also best for Israel and vice versa but on

occasions for example an American president must make a decision that does not in effect give the Israelis a blank check this makes the dollar right now today 53 years old nearly double the average life of a fiat currency already the Swiss Frank's tied to gold was severed in the 2000s and every currency is now simply Fiat number two monetary creation I've showed you this chart many times from the St Louis fed here's how much money the government is producing creating just to pay down the bills for

the things we've already agreed to purchase so you've got a fiat currency which opens the gates for complete monetary creation and abuse of the system which leads to number three inflation inflation is slowing here's why prices still aren't going down this is from CNBC historical data suggests a key factor in bringing down prices is a slow down in consumer spending I talked about exactly that in one of the recent videos I told you that consumer spending is 70% 70% of all the US economy and

that they could go on strike stop going to dinner stop buying expensive things stop buying even inexpensive things if the consumers shut down the economy shuts down and this is all despite the fact that nearly half of Americans say that they're in worse Financial shape than 5 years ago and they say that but they're still spending but the thing is that they're just spending more but they're getting less you can talk about shrink inflation you can talk about Phantom inflation you can talk about

Rising costs but you're simply paying more to get less here's the core consumer prices from the Bureau of Labor Statistics it's a one-year chart straight climb higher and higher and here is a 5-year chart and by the way just before we get to number four I'm going to tell you what this is all leading up to I'm trying to build a story here for you we're going to lead up to one point and then I'm going to tell you many things that you can consider doing about it some of them I think you should

do at least about three of them but first I have a couple of mustsee charts that I've got to show you and once you get the inflation it starts making things cost more for consumers and that causes the consumer confidence to plummet is consumer confidence from the conference board and I always tell you that it's about the speed or the slope of the decline that matters a lot more than the Final Destination this article is a great example of that consumer sentiment tumbles as inflation fears

Surge from CNBC the University of Michigan's consumer sentiment index was widely expected to come in at 76 and it was 67.4 a one-month decline of 12.7% let me say that again clearly that you understand a 12.7% decline in consumer confidence consumer sentiment in one month that is freef fall and here's what it looks like on a chart this is Michigan consumer sentiment and by way of comparison the next chart will be Michigan consumer sentiment for 5 years the one-year inflation I look jumped to

3.5% to the highest level since November 2023 and you ose confidence among your own people domestic people in America it also goes beyond that worldwide internationally a lot of of confidence gets lost and it's likely and arguably more important for the confidence to be in the other International central banks when China and Japan are both lowering their Holdings of us debts that says something and it's not being weaponized it's being a result of some of their own domestic problems both Japan and China

economically are in a little bit of trouble so they're not so aggressively buying up American debt like they've done all this time because we are the reserve currency we're not going to be expecting a lot of foreign help anymore that changes the entire game not only are they not buying they are selling shows you that five countries are holding the majority of US dollar denominated debt and what I showed you before the errors were on the wrong side of this this is where it was previously

and now here is where it has come down to right now now think of this China produces more gold digs up more gold than any other country in the world they also keep that gold while importing more gold than any other country in the entire world at the same time Chinese citizens are loading up on gold like crazy they're going nuts four times the regular levels they're all about gold because they understand is going to be the power behind this upcoming bricks currency and that it's actual real money when

they're worried about their stock market their housing market and even their currency they're moving into cryptocurrencies which we going to talk about in this video coming up and gold they're trying to get their money out of China and now the big news which this is equivalent to World War I's assassination of arch Duke ferand and they say set off the war which it didn't but that was a straw that broke a camel's back so to speak we just had that moment in World War III today

we've officially put sanctions on China that's a mistake in so many ways that I have to make an entirely different video about it that is bad news so you've got a fiat currency which opens the gates to monetary creation which causes inflation which reduces consumer confidence which spreads worldwide to International confidence in the dollar and then what happens next you start looking at or you go under the hood take look at the financial data we're getting number six this is from

the Bureau of economic analysis this is the trade deficit and keep in mind that this is zero here so anything beneath this number is how many billions of dollars more we're sending out than we're bringing in in terms of buying and selling each other's products and commodities this is an ongoing systemic trade deficit that we need to absolutely reverse to get this economy back on track this is from the St Louis fed Manufacturing in the United States and what this does not take into account is

the effect of all the onshoring that we're seeing now a lot of companies that went to China for example are now bringing their manufacturing back home which is the most important step to start getting everything back on track and it's really good news you see so I'm not all doom and gloom I'm not fear uncertainty and doubt I'm just telling you what I see I always tell you reality just so happens if there's a lot of negative reality right now this manufacturing is a very positive reality

it's actually a great Trend that will really help the economy and I've been trying to figure out why things going to play out with the big inflationary bounce exactly as I predicted I thought it would be a bounce everything said it was going to be a bounce so I'm looking into trying to figure it out and I told you too right here is the war the war between inflationary forces and anti-inflationary forces this is the one-year inflation rate from the Bureau of Labor Statistics you you'll see it just ramped up to

3.5 this is the battle though here between artificial intelligence robotics both of which bring down inflation Quantum Computing eventually one of these days soon Computer Learning drones even consumers getting stretched that's anti-inflationary all of that versus the inflationary forces which are this which leads us to number seven driven by debt we all know what happens when a teenager gets a credit card this is from statista this is public debt and the other thing that drives public debt just like hiring government

workers drives the debt and also drives up the GDP same with military purchases this is a great image that I love very much as soon as I saw it you defense spending compared to other nations this is from the Peter G Peterson foundation and it's a great look at what we're dealing with here and a lot of the spending is getting even more extreme because a lot of that money is going to Ukraine Israel and Taiwan that's from aler $95 billion worth and you might say Taiwan why Taiwan the war

coming with China is kind of like it's the devil you know versus the devil you don't you understand Putin you know what's going on in Ukraine you understand what's happening in Israel you might even have an opinion about how it's going to turn out people aren't as confident in understanding what China's going to do how they're going to do it especially with the Technologies they have taking at satellites and cutting underwater internet cables but here's a chart from stanbury research about

Reserve currencies and what everything is leading up to obviously I tell you that Reserve currency is a time in the Sun for the US dollar but it has an end date so invariably we lose the reserve currency status and so you would then logically also use the benefits that we gained because we have the reserve currency which is about quality of life and standard of living and to cover over a lot of the mistakes that have already been made by politicians and the public eye the ones that are still alive

obvious mistakes they've made that are going to start coming down to haunt us now one of the ways they're going to get around all this is going to get us into a central bank digital currency that'll be part of the transition at that point though they're going to be able to fully control you I don't know if you guys understand I have a very scattered splintered creative thought process there are so many so many things that it's going to be a whole another individual video of what they could do

with a cbdc they won't do it at first they'll do it eventually you could be buying cigarettes and it's your second pack of cigarettes you bought that week and all of a sudden the price is more anything there's things like that that's just an example they will completely control track and own everything we do you need to join a group or start a group that fights against the cbdc it's a mistake it's going to be a horrible thing it'll open the gates to a lot of dark times finally we're at number nine

out of nine what is say all leading up to it's leading up to a massive currency crisis and an absolute loss of faith in the US dollar loss of trust loss of value a lot of things will happen because of that such as gold spiking as one simple example commodity prices spiking there's a bunch we're going to get into exactly what to do about all of this and that takes into account a lot of things that are going to do better because the US dollar is going to go downhill so fast in my opinion I just have a whole

bunch of bullet points of things to consider doing just get your mental gears turning I think that everybody should choose at least three of these if not many more but I'm just going to tell you what the bullet points are number one I think that every single person should either support or join or start a group against the cbdc if I had time I would do that next I suggest that you think of gold as the anti-d dollar when the dollar goes down gold comparatively is going the other way whereas I always tell you gold just

sits there dollar goes up and down around it and it just sits there gold is gold one is one is one is gold is gold when all these Fiat currencies are floating around comparison to each other one's getting stronger one's getting weaker people are tracking it people are talking about it that gives you the illusion of strength during this whole time where they're floating around gold neither got stronger or weaker it just sat there that's the point though that's what you want because these currencies

are all going to be coming down because they're Fiat currencies the average lifespan of a fiat currency is 27 years the American dollar is is 53 years old the fact that we have two coasts and no significant enemy right beside us that buys us a little bit of Life we've got plenty of resources got a lot of Ingenuity Ingenuity and that's part of what's keeping the US dollar Reserve currency strong for so long this currency does have an end date next you need to narrow your focus in any situation the more you

refine your focus the stronger it gets if you're investing in 12 different types of stocks figure out what you think I can't tell you what to do I tell you what I do I like to pinpoint invest I think Gold's going to do well I think oil is going to do well so I put a lot of years ago a massive portion of my personal portfolio into gold mining stocks not exploration productive companies and oil and gas the more you diversify the more you get a little bit of what everybody else is getting as I

explained in my book up thinking people don't necessarily want and it's not as valuable as making money if it's the same as everybody else you want to do a little bit better than everybody else you can't do that through diversification this is not personal trading advice I'm just telling you some things that I think about but you'll be fine if you get into any commodity stuff base metal Investments they'll all do very well we're all entering a commodity super cycle right now it's talk about my

personal portfolio as you guys might know neither myself nor my employees ever invest in any of the stocks we talk about we're talking about a couple hundred stocks every year we can't even be getting involved with that and I'm jealous of it because a lot of times I'll put out a stock pick where I go I would mortgage my house to put money into the stock and I can't do it until I officially make a statement that I've started doing it and I haven't got there yet it's very important to always avoid

any conflict of interest especially in this industry so many people are talking their book or they're taking money from the companies they talk about you also want to educate yourself the right kinds of Education because you are being misled and this goes all the way to the top you're being told the economy is strong because it serves them to tell you that and for people to believe that even though every single one of us feel it in our bones that that is not reality the way we've been able to fake it for

this long is because every single thing that we're having and that we're doing we're paying for all of it on debt by inflating the this massive American debt bomb they've been able to give our economy a natural long life and if you're going to take you seriously about educating yourself getting the right kinds of information then that means that I'm going to ask you to subscribe to this channel because this is what we keep an eye on for you this is what we talk about there's a lot of

opportunities that are about to start coming up that I want to make sure you benefit from you're going to want to scale back your spending because we may be entering a tough economic time that means scale back the wrong kinds of spending if if you're going to pay 55 cents a day for the Peter Leeds newsletter don't scale that back cuz it'll help you turn hundreds into thousands but if you've got a bunch of recurring billing transactions on a credit card that your kids bought somehow that they once needed that they

don't use anymore that you're paying for every month get rid of that stuff try to spend less a lot of stuff you're going to want you don't need maybe focus more on stuff that you actually need for now it's not forever get a side hustle work more hours whatever you got to do rent out the room in your basement that's just sitting in there there's always angles to try and minimize the negative effects of this economic transition that we're all going to be dealing with very

soon and nearly every video I put out and every news headline or article I read about the global economy they all say the same thing they all say and I tell you this often you are going to want to own some gold physical gold pure physical gold or silver at least if you can't afford a gold bar go down to Costco buy one split it with three of your friends take that to a jeweler and go divy this up for us you're going to want to own either some gold or some silver if you have just silver you'll be just as well but

also own some of the stocks that mine for that metal and another anti- dollar is Bitcoin because it's limited Supply unlike the US dollar they can just print unbelievable amounts of the American dollar Bitcoin is limited that's what gives it its value that's why I suggest that you don't go into a lot of the alt coins because a lot of them are unlimited so therefore there's no actual real value there even if there was value but I always say if you're going to get into cryptocurrencies buy Bitcoin or ethereum

only why do I say that if you read the book positioning by Al rise and Jack trout one of the best books I've ever read check it out 20 bucks you're going to understand completely why Bitcoin and ethereum will be around 10 years from now a lot the all coins might not be there's positions in your mind hierarchies if you go to five people that you know five friends individually ask them to name five cryptocurrencies they'll all say Bitcoin they'll all say ethereum usually I don't know who you hang out

with but most people will say ethereum and Bitcoin and the other answers will be a mix of a whole bunch of different stuff from all the fragmented thousands and thousands of various cryptocurrencies that are out there understand that money flows will not be going risk on they'll be going risk off so they're moving from things like the Magnificent 7 highflying high PE stocks those companies in the newest or hottest Industries highly leveraged companies like a lot of the technology companies

are a lot of these money losing pharmaceutical companies I personally avoid those and no don't get into GameStop and I'll tell you why there might be some money to be made speculative playing having taking a chance have fun with it but it's not replicable what you want to do is make 20% and then be able to scale it or to do it more frequently you make 20% here's how you do it this what kind of stock you invested in and then do it again and again and again there's nothing replicable about what's going on

with GameStop right now you might make money you might lose money most people getting involved with this will lose money but it's not replicable move on to a better opportunity now this is always true but more so right now than ever your losses early let your gains run if you got a lot of these gold mining and silver mining stocks that are doing so well I wrote an alert the other day saying that you're crazy to sell now don't sell yet don't jump out too soon this has got a long way to run but you

also want to cut your losses very early if the stock starts going the wrong way or not doing what you expected it to do and remember there's people who don't need your help right now then you're going to need to help them in the event of the recession or they get laid off there's there a lot of people who are okay right now that might not be 6 months 4 years from now that you're going to have to help so consider that in your mind it's not just about helping your kids and your elderly parents your

friends too extended family anybody you can help because this could be a matter of life it will be a matter of life or death for a lot of people for some people they might not even notice anything other people it'll be very bad maybe you're going to need to be able to be in a position and how good will they feel to help them in their time of need and another another thing you can do in that vein is spread their word there's people who need to hear this message because they have no idea they're going

to get blindsided so what you can do is share this message with your friends this is not a backo way of trying to get you to share the video but you can just send them this video or tell your friends about it because if you give it to them it will help them they'll be grateful to you for having open their eyes my business Guru Michael Gerber who wrote the emyth he said that always turn your biggest obstacle into your biggest opportunity your biggest obstacle right now is a complete economic transition at the same

time there will be a few select opportunities that are going to make all the difference for the people who get involved with them that's what I'm going to try to help you do I'm going to show you what I believe to be the best opportunities at the best possible time so that you land on your feet you can help the people you care about and you can live to fight another day if you want direct contact with me you can join the Peter leads Army for as low as $3 you'll get my direct email contact

and the Peter leads Insider exclusive newsletter and there's a link how to do that below or you can just go to Peter leads.com Insiders