CRP Patreon Exclusive: “I’m All In On The Euro”

I'm in Portugal, so I use the euro. I only have an emergency fund in the bank. The rest of my savings are all in gold and silver.

No one is out to get you. No one is going to take away your guns. No one is trying to lock you up in jail or a prison camp. Calm down.

Does anyone here listen to Gregory Mannarino via YouTube? He states the Federal Reserve (private institution) is out to take over the WORLD!!! not just USA, but the WORLD!!! Got it! so it will not matter where you are in WORLD!!! you will be subject, to one constitution, one currency, whatever war they declare. All because the FIAT system is dying, which the elites will do whatever needs done to protect the military. The US Dollar is designed to protect the US Military. The Federal Reserve has control of all monies around the globe and tell other Banks what their goal is. Which is to be a Lender and Buyer of a last resort. It's all about Control and they will not give it up. They want to own it all. They look at us as Sheep ready to be slaughtered! Got it!

You should rather invest in physical gold in your particular situation

The one thing I guess I'd add is if you're maintaining any Fiat Euro cash-on-hand you might want to consider instead putting it in a Euro-denominated stablecoin and depositing that to get 8% interest instead of the ZIRP that the EU is also (not just the US) having as monetary policy. If your assets are euro-denominated but actual assets, then by all means keep those. But there are places that offer EU-denominated stablecoins (not something like USDT, mind. Something more solid than that) you can get decent interest on, almost as if we were back in the days of a real economy where people had to pay actual interest on loans.

Porphy's Attorney

Coach, your points are valid... However: 1. there is a hell of a lot more debt denominated in USD around the world than EUR. As this debt becomes unpayable, this USD debt bubble will be deflating much much faster than the US Fed can inflate, including through its foreign swap lines. This could cause USD to reach nose-bleed levels, which is what will force a complete change of the world monetary system. 2. The above reasoning is also supported by history, which shows that never in the past has core major economy -- the economy of the imperial hegemon -- failed by inflation. Core economies have always imploded in deflation. Of course, there is several more items of the "never in history" kind that we have in practice today... so you may turn out right after all. 3. Currencies (as governments) are all held up by confidence. IMHO the worldwide confidence in the EUR is a lot less than that of the USD, which is evidenced by the fact that more than 70% of all worldwide transactions are denominated in USD. 4. What is the incentive for rising world powers like Russia and China to yield control of the value of their reserve assets to a weakling central bank like the ECB? None whatsoever in my opinion. Please keep in mind that the ECB can in fact go bankrupt because they can not act as quickly as the FED -- because the ECB must receive agreement of all Euro area member states when making major decisions -- like issuing the Euro bonds and other emergency actions. Euro area is a fragmented morass of corruption and embezzlement on a vast scale -- comparable to the US, where the Brussels pen-pushers learn most of their tricks (Mario "super" Draghi is ex-Goldman Sachs.) 5. Europe is a puppet of the empire -- the US pulls Europe's strings as it wishes -- that is when there is an actual man leading the US, rather than a half asleep, half brain-dead, corrupt to the core, grandpa. Germany is an occupied nation -- have a look around Ramstein Air Base. Germany is a toothless dog without military power to speak of. 6. You mentioned QE money printing. Well, it is not like ECB hasn't done its fair share of that. In fact its money printing policies may be said to be more egregious when viewed in terms of the size of the associated economies. 7. Europe, through the ECB, has destroyed its bond market by imposing negative interest rates. The ECB is the sole major buyer of Europe's sovereign bonds (German, French, Italian, Spanish...) They have destroyed their pension systems by so doing. Where should the pension funds get any yield at all, when they are obligated by law to invest in "safe" bonds, i.e. sovereign bonds with negative yields? In other words, Europe will be forced to inflate and die... This "inflate and die" theme was thrown around in recent days in Bill Bonner's Diary. ...Anyway... that's just my two cents worth... nobody knows any more. We are all guessing but we can bet on death and taxes ;) Love your videos and I wish I could attend the Sunday sessions more often... I have a couple unrelated questions -- you said we should put our kids in private schools and that you went to private schools (costing your dad a shiny penny). So my first question: Isn't this at least one argument where your dad deserves some credit? It is hard to forgive when you have clear understanding of the nature of weaknesses of the old man, but I wanted to point out that it is not all black. In my case, it is my mother who has earned much harshness from me, for her behavior towards my father while he was alive. Second question: would you please suggest some alternatives to your private school recommendation? Private school is not an option in my case. I am hoping that I can give my kid(s) myself as an example of voracious reader to help them build up vast conceptual bases and to take action to explore and capitalize on those concepts. You will probably acknowledge that inter-generational wealth is built up when the kids grow up around good wealth management examples -- isn't that how family offices came about? It is daunting to act out the examples that we should be giving to our sons / children.

What u talkin about mate I never said shit to you

https://www.reddit.com/r/Wallstreetsilver/

I don't mean stocks, I mean currency positions, bonds, or other financial instruments that pay in euros.

Coach, when you say you are into the euro , it means you bought euros and invested in european companies/bonds? . I am curious on what are the concrete actions of "being into the euro" for someone who is financially not that literate. thanks.

Did you watch the video, he said that crypto is a viable choice as a hedge for inflation, it's just he's getting grey and is taking the more conservative approach. Also BTC? lel.

Coach is going from one fiat shitcoin to another.... Invest in yourself / business, extra residencies, land that generates passive cashflow, precious metals and Bitcoin (average 200% return for over 10 years now) This is the way to go. Ignore at your peril...

Hey coach, I just got private messages from Murray Fraser and Zachary Smith. They said they want you to make some videos about Universities in the United States.

Such as?

Well. Fuck.

if everyone are running to the cliff it doesn't mean it's good direction

1- As a global reserve currency America has bee in the unique position of being able to print money without devaluing the USD. If the Euro was in that position, then the temptation to print money would be huge... as it is for America now. 2- All countries are printing and borrowing like never before so teh relative difference may be small. This is a case for gold and silver in my mind

Thank you coach! I love your videos and the high level collaboration here in the comments. I have to part company with you on two points:but I have to

America won't go down without a fight, whenever we stumble we come back even stronger!

Flooding the market with negative interest rate debt? F*ck off, nobody is buying that crap. And they know...

Europeans nations are massively indebted. And they are borrowing more and more money (Germany just borrowed 100000 million euros) . Your analysis is flawed coach, it is sky clear that the Eurozone is full MMT mode. Destroying debt by inflating currencies; this is the plan

Thank you coach sincerely. Your thoughts are helping me understand better what's really going on in the world. Best regards.

There isn’t enough precious metals in the world to back any global reserve currency—the global economy has become far too big.

Good analysis.

Hi Coach. If you are even remotely interested in crypto then you should definitely check out hex.com - top 5 cryptocurrency as of right now (see nomics.com). It implements CDs (Certificates of Deposit) on a blockchain and its performance has been phenomenal during the 1.5 years of its existence. Disclaimer: I own some HEX.

51% German by blood, I can feel the coming darkness. My family was affected by this before moving to the U.S.

And backed by metals :)

Surprised you haven’t mentioned precious metals Coach. That seems to be a more appropriate comparison to fiat rather than cryptocurrency which is not really money, but rather a speculative digital asset. I heard predictions that when the dollar collapses, so many countries will be hurt by it due to ties with the dollar that they might move away from fiat entirely including the Euro, and start pegging their currencies to gold. If it gets really bad, many countries including the US may have to adopt a gold standard just to restore confidence, which will make the price and gold and silver skyrocket. As far as crypto, It think some of them will have future use and be good long term investments but is impossible to know which ones. I suspect that out of the 9000 different coins out there now, maybe a hundred will be around 10 years from now and the rest will fail, similar to the tech stocks of the dot com era.

This is an absurd idea and no one should follow this path. I’m not going to write much about this topic here, because it does involve my real life job. I will simply point out that the dollar is absolutely the worlds strongest currency and that all financial cash reserves should be kept in dollars. The Europeans especially are getting ready to eliminate their paper currency so any physical euros you might have will become null. Nevertheless, US dollar inflation is not a single event that’s isolated to the USA only. Any financial troubles felt in the US are usually manifested as earthquakes across the globe. If you really want to divest from the dollar into a independent form of wealth I recommend: silver coins, rare art, stocks, old sport cars, housing, and farming land.

Dont buy the Hong Kong dollar as it's pegged to the USD

I am usually a huge fan of your videos (particularly the economy, politics and women) but I completely disagree with this analysis. Sorry if there are grammatical errors, I have stuff to work on in the next few days but wanted to get this out there before people reading it dump dollars and think the Euro is fiat gold. Eurozone GDP was only $15.2 trillion in 2020 (yes, in dollars), yet the ECB’s balance sheet swelled from 4.75 trillion Euros, before the pandemic to 7.7 trillion as of the end of May 2021. The US, with a higher GDP of $22 trillion, saw it’s balance sheet go from 4.2 trillion to 8 trillion to the end of May. I don’t really see that much of a difference in terms of money printing (because that’s how all these green new deal programs and bailouts are being funded of course). See sources 1 and 2. So from the start of the pandemic, the ECB’s balance sheet has grown 62% compared to 90% in the US, which does sound bad. But, you have to consider that the US was in better shape compared to the Eurozone before the pandemic. The central banks’ balance sheet to GDP is 50% for the Eurozone compared to 38% to the US. Christine Lagarde is doing the same BS as Powell. Another thing you got wrong in one of your videos was that you said “Powell is the worst chairman.” Yellan and Bernanke should receive that award considering that Powell was tightening before Trump threatened to fire him in 2019, and it bothers me to no end that “”conservatives”” never criticized trump for being another big government politician, but that's another story. Other miscellaneous things to consider, according to statistica 61% of all global transactions are settled in dollars versus 21% for the Euro. According to JP Morgan, “U.S. companies and investors hold more than $25 trillion in total claims on foreigners, including more than $12 trillion of foreign portfolio holdings, and the U.S. economy is worth more than $100 trillion. So we earn more on foreign assets than we pay to foreign creditors.” I couldn't find statistics for foreign claims for the Euro, but I’m pretty confident this number is much higher in the US. I understand your concerns with Crypto. It’s a volatile asset and it’s only backed by the trust people put into it. Having said that With Bitcoin, ADA, and many others there is a limited supply, With blockchains such as ADA, ALGO, ETH you can build decentralized applications and NFTs which will create demand for the crypto currency Countries are starting to adopt the currency as legal tender (Bolivia and Tanzania) Am I saying put all your liquid net worth into Bitcoin or Doge Coin? No. But it would be prudent to allocate a small portion. Actually people in the crypto community hate Doge, myself included, but that’s beside the point. Do I think there are better alternatives to the dollar? Absolutely. My two favorite currencies are the two generic safe havens: the Yen and Swiss Franc. There’s significantly less money printing in those two countries. I would also consider silver (particularly sprott funds if you need liquidity), and again a basket of crypto - a little bit of BTC, ETH, ADA, ect. I would prefer to hold a basket of these asset classes to reduce risk. What if the dollar does lose reserve currency status and it’s not replaced by the Euro, Yuan, or any other currency, but by crypto? As a side note, China does want world reserve currency status with the Yuan. Look at the Belt and Road initiative, loans to countries in Africa, setting up infrastructure in third world countries (again particularly Africa), forging ties to Iran and having oil denominated in Yuan, which is a huge threat to the petro dollar. I mean, do you think they’re doing all these loans in Nigeria and power plant projects in South Africa out of charity? At the end of the day, if i had to choose holding the dollar over the Euro, I would probably pick the dollar. Mainly because there’s more debt denominated in dollars, and it is still the world’s reserve currency. Would I recommend holding dollars? Absolutely not. Your only argument is that "Germans are apprehensive of hyperinflation therefore buy the Euro" doesn't really hold up to the fact that governments around the world are doing the same thing, including in the ECB. Source 1: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm Source 2: https://tradingeconomics.com/euro-area/central-bank-balance-sheet (you can look it up on the ECB’s actual website - this just provides a helpful chart)

Coach what about the Canadian, Australian, New Zealand, Singapore and Hong Kong Dollar?

I have purchased a few shares of VEA Vanguard FTSE Developed Markets Index Fund ETF Shares

Hey really great video. Do you think that you could make a video on how to go Euro?

From a German: Don't. Gonzo is wrong @ this. In Germany some experts say that the € will probably even crash before the $. We germans will not be able to stop the € from hyperinflating. I went into Gold, Silver, Mining stocks, Bitcoin, and 2000€ worth of whiskey bottles in my basement as well as groceries, weapons and other stuff.

I understand your viewpoint on the Euro. What about the pound? Would you say it's similar to the dollar as the UK has also printed a lot of money?

While I don't completely agree with you about € and $, I understand your position and I get why you're leaning towards more conservative positions. Since you didn't mention other types of investments, I will assume you're talking about just your liquid assets, not your entire portfolio. 'Spread the risk' is the golden rule of investment. Personally, I'm focusing my assets. I have 90% in crypto at the moment, but I entered that market in 2017 so I'm way up now. Even if I sell today, I have substantial profit. From what I hear, it's only going to go up. Then again, crypto is hectic and not for everyone. To each his own and may the gods bless us with plentiful bounty.

No, I’ll probably price the tiers at €4.50 and €9, which is roughly equal to current dollar pricing. I’m not trying to squeeze money out of people, I just want to hedge. Also, I live in Europe, and I have absolutely zero financial interests in the States, so it makes no sense for the tiers to be in dollars. I should have changed this literally years ago, but I just never got around to it.

fees remain the same you mean 5$ = 5 eur or normal exchange?

Like many others, CRP confused crypto vs. bitcoin.

Such as?

I do see however, massive wage deflation in the US. Banking salaries plummeted last decade. So will tech salaries in this decade. Remote work destroyed the only reason these jobs were not off-shored already in the first place. South Americans, Canadians, Europeans are much cheaper labor and make quality products as well (with similar timezones)

Racial issues are a coy to hide the immense transfer of wealth from the working class to the rich. People will lose 40% of their buying power in the US in a couple of years.

I recommend currencies of commodity based economies.

The rich have long ago divested into land and commodities. No exposure to forex whatsoever.

Gonzalo have you heard about Monero? that's better than regular surveillaince coin like bitcoin

What about other currencies, (CAD, YEN, Swiss Frank, etc) for transferring your funds?

The Hedge fund holder Legend Paul Tudor Jones just said all in on inflation trade (gold/crypto...) if Fed takes inflation with nonchalance

The investment strategy for crypto is very simple. Buy the dip when crypto is on the way up while you sell short when crypto is going down. I would invest twenty percent as a way to make quick money. I would invest twenty percent in ForEx as well. Finally, twenty percent in Index funds in Global Stocks. The same in Real Estate. You decide what to do with the remaining twenty percent.

Mickey Turner

How exactly would an American invest in Euros? Is it converting savings into Euros via hard cash or Wise.com? Or European investments via a US brokerage account? (You mentioned mining stocks and commodities on a recent webinar) I accept this is not financial advice, but some specifics (with reasons why) is helpful. Thank you!

How does one switch his/her 401k and IRA to euro?

Agree. With the abundant technology today, you would think home schooling would be easier than ever. So much of 'public schooling' is lost in waiting for something to happen. 'hurry up and wait'.

Coach, what do you think about "The Euro: How a Common Currency Threatens the Future of Europe" by Joseph Stiglitz? I found his points about structural imbalances in the Eurozone quite convincing. Why not CHF?

Great vid coach. Logical points of view on Crypto as well Was still a little surprised you ignored home schooling in your Private vs Public school video yesterday, but hopefully you can make a video sometime on your thoughts about it. I'd estimate a large %(if not majority) of your audience who has children, would prefer home schooling their kids, rather than private or public school.

I bought a small book by Dalio called "What I Think of Bitcoin". He makes a good point: crypto will never get institutional buy-in unless there's government backing (to avoid the volatility you talk about Coach). But at that point, crypto fails its mission as a decentralized currency. Also, I think Peter Schiff took a similar approach with Euro. Gonna look into this, thanks.

Brilliant as usual - very insightful

Humphery

Ammo is the safest currency.

Invest in Israeli high-tech companies.