How Close Are We To A New Reserve Currency? Mike Maloney

MORE: https://goldsilver.com/blog/silver-summit-2016-bonus-features/?utm_source=youtube&utm_medium=card&utm_campaign=silversummitbonusytvideo In this video, Mike Maloney explains when the U.S. dollar could lose its world reserve currency status -- and what new currency he expects will replace it and which banks are backing it. If you enjoyed watching this video, be sure to check out the Hidden Secrets of Money website at https://www.hiddensecretsofmoney.com/. It’s a world-leading educational series by Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver. As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together. And be sure to follow Mike on social media to stay up to date on his latest news and posts: Facebook: https://www.facebook.com/OfficialMikeMaloney/ Twitter: https://twitter.com/mike_maloney Mike Maloney is also the founder of GoldSilver.com (http://tinyurl.com/jlypdzc), which was one of the first websites ever to sell bullion online. It is well known for outstanding customer service and its competitive prices. If you’re a fan of Mike’s YouTube channel and need help buying gold and silver, his team is standing by to answer all your questions and make it easy. You can find out more at http://tinyurl.com/jlypdzc.

Comments

1. I see David accepting FIAT cuurency :0)
2. Hi Mike.I just have a question for you please make a video about this topic, if there is going to be a dollar collapse how I'm going to exchange this precious metals?
3. Mike, can I order physical gold and silver?
4. PUMP AND DUMP IS MAKING MONEY!
5. OLD VIDEO.
6. Hi Mike, I really like what you are doing. Thanks for empowering us with such valuable knowledge. I very much believe in Gold but I have one huge concern. I live in Singapore. If we were to purchase Gold such as Gold ETFs, it will be based under USD. We will need to purchase USD to purchase the ETF, and change the ETF into USD when we sell it before we can convert it back to our own currency. Which means that even if Gold rises, we will get back nothing if USD Crashes. Is there any solution to this? Is there anyway we can purchase Gold without being subject to USD concern? Hope to hear from you soon. Thank you.
7. So here it is stated and new reserve currency, maybe backed by gold, in 4-5 yrs. A few days ago a ban on cash, digital system was predicted within 5 yrs. What we know for sure is that things are changing and you should be prepared for what may come.
8. Everyone tries to predict economic and political possibilities, but the TRUMP factor makes it even harder to predict.
   I'd say as long as there is CENTRAL BANKING nothing will change!
9. Not sure where these retards get the idea that the IMF's SDRs can be used as a currency for payments. No IMF member can transact with another using SDRs i.e no one can transfer their SDR balances to another member. Every member has to maintain a fixed number of SDRs, no more no less. SDRs are an instrument of exchange only between the IMF and individual members.
   
   There will be a new global reserve currency and it will be backed 100% by gold and will be issued by an international bank outside the control of the West.
10. Pocketing "Tax Free", unclaimed cash right in front of the camera? Could this explain the US government is moving to digital currency? David should be accepting "Silver Coins" as payment for his books in front of the camera.
11. Here's a fact. In the last 5000 years the reserve currency has always been held by the nation with the strongest military. Especially the biggest navy because then you control international trade. The idea the dollar won't be the reserve in 4 to 5 years is absurd. There is absolutely nothing to replace it right now. The dollar has actually gotten stronger versus all the other currencies over the last few years. The dollar will stop being the reserve currency as soon as the US suffers enough of a social meltdown that we lose our grip on funding the war machine and we pull back from policing the world. Then a different power rises up and replaces the US as the strongest military. So when do you see that happening? No time soon.
12. I wanna see David and Mike go at it. I mean really fight clunking each other on the head with hundred OZ. gold bars. I think David could maybe take Mike. Mikes too nice a guy.
13. I can only afford 500 ounces of silver, would I be okay when the economy collapses?
14. David Morgan be selling books like he's selling crack LOL
15. I just saw on my local news tonight that one of our Canadian banks, ATB or Alberta Treasury Branch, an Alberta Canada small bank, is now coming out with "text banking" a first in Canada. Basically, you text a bank rep and ask to do transactions like pay a bill or transfer money (currency) and such. Kinda scary how the world is moving closer to a cashless society. Has anyone else in the US heard of anything similar?
16. great video!! prices rising on everything here on the east coast!!! melt up happening!!
17. David Morgan taking those 20's lmao
18. I like Mike's information and general view of the finance scene. However, I feel there is too much uncertainty and rambling in the answers to questions. The guy asked when the US reserve currency was going to cease and what would be done to prevent that. After several minutes Mike said maybe 4 or 5 years but didn't say what would be done to prevent it.
    
    With all the research Mike and his team have done, they could be a bit more definite and certain. I sure would like that. Because I'll buy more gold if I think the situation is imminent but I bought gold in 2012 based on Mike's data and so far it has been a losing proposition because gold prices have been in a decline since then and I don't know why. The strategy of just keep buying and stockpiling isn't practical because there is no cash flow, only storage fees.
    
    So Mike, how imminent is this wealth transfer?
19. Lol. You're right. I just noticed Dave shoving the cash in his pocket .
20. Mike, it's funny you talked about a 2-stage crash. Crash of 08 is already the first stage. I don't think there'll be a new world reserve currency, I think there will be either national silver/gold standard(s) or physical silver/gold/copper as direct medium of exchange.