We just recorded an emergency conference call …
… featuring Peak Prosperity’s Chris Martenson (The Crash Course) and Brien Lundin (Gold Newsletter).
Chris is a big brain PhD who studies economics, eco-politics, and how energy (i.e., oil) affects economics.
Brien is a well-recognized expert in precious metals and mining investing … and spends much of his time studying the gold market.
Both guys are hyper-connected to the smartest economists, investors, and niche experts in the world. So they’re not just smart, they’re also well-informed.
The conference call centers around China’s recent announcement of plans to back their currency with gold for the purpose of settling oil trade.
This single move could substantially affect oil, gold, the dollar, interest rates, real estate … Uncle Sam’s credit line, budget and influence around the world … and YOUR financial future.
It’s a BIG deal.
China has been advancing … quietly at first, and lately much more overtly … a strategy to UNDERMINE the U.S. dollar as the world’s reserve currency.
This is HUGE for anyone measuring wealth and income in U.S. dollars.
It’s even more significant for Americans, whose government has been able to use its privileged status to go DEEPLY into debt … seemingly without consequence.
But that could be changing …
Uncle Sam’s unlimited checkbook … as well as his substantial influence around the world … has been largely built on the power of issuing the world’s reserve currency.
That’s because international trade is primarily settled in U.S. dollars, so getting locked out of dollars though U.S. sanctions can choke a nation’s economy …
… just ask Russia, Iran and Venezuela … to name a few who’ve been on the receiving end of this power.
Oil is the biggest component of international trade.
It’s no wonder Russia, who happens to be the world’s largest oil producer, was early to sign on to circumvent the dollar.
Iran (#5 producer) is on the team. Venezuela (#11 producer), whose economy is 95% oil, also just got on board.
Now the U.S. is talking about kicking CHINA out of the dollar system.
But China’s been preparing to be independent of the dollar …
… and has a LONG list of bilateral trade agreements signed with MANY trading partners (as chronicled in this free report on Real Asset Investing).
As the largest oil importer in the world, China has a lot of purchasing power to put pressure on the “petro-dollar” (U.S. dollars used in international trading of oil), as Chris explains in the call.
The petro-dollar has been a major component of the dollar’s power in international trade. China’s move could be setting the table for a collapse of the petro-dollar.
This isn’t the end of the world …
But it could be a BIG change for dollar denominated investors …
Those who are aware and prepared can protect themselves and get in a position to win. Those who aren’t will likely be blind-sided and face potentially horrific losses.
We’ve been watching this develop for years … and now it seems things are picking up speed.
If YOU haven’t been paying attention, it’s time to accelerate YOUR learning and preparation.
Maybe this isn’t as big a deal as we think. But better to prepared and not have a dollar crisis … than to have one and not be prepared.
The GREAT news is there are lots of smart investors watching this situation very carefully … and there are strategies to hedge … and even profit … from these developments.
So click here now to listen in on the conversation with Chris Martenson and Brien Lundin … as we discuss China, oil, gold, the future of the dollar … and how concerned investors can prepare.
Until next time … good investing!
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