Top Reason Why USD Is Falling (How To Protect Yourself)

No one stays at the top forever. Whether it's the 1990s
Chicago Bulls Championship run, Michael Jordan the best cheesesteak in Philly, which country has the best
global reserve currency status or who's the top cryptocurrency YouTuber, it all changes. Okay, but truth be told, the reason why we're here today is to talk
about losing the reserve currency status. Staying on top by always being
the global reserve currency is very difficult. That's something that's not happened
in the history of time. Just look at this chart. Over the last 100 years, United States has
established itself as a global reserve power. However, since the 1970s,
when the US dollar began to be debased, it's only a matter of time before it completely
loses its global reserve currency status.

Now, we're on the precipice of a global trade war. And that's what we're going to talk about today. Let's get it! BitSwap is the hottest new way to trade tokens. Crawling all the top decentralized exchanges, BitSwap gets you the very best price and value for your trades. BitSwap is changing the game. Try it now at bitswapdex.io. Welcome to BitBoy Crypto! My name is Ben. Everyday, I show you how to make money in cryptocurrency. If you like money and crypto,
make sure to hit that Subscribe button. And if you want even more crypto info,
you guys can follow us on Twitter, @Bitboy_Crypto In today's video, we're going to talk about
the US dollar's rise and fall from grace. We'll start with the USA establishing itself
as having the global reserve currency status and how that title is slipping away
more and more by the day.

Ever since the 15th century, during
the Age of Exploration when Portuguese sailor, Prince Henry the Navigator, began his colonial escapades, there's only been enough room
for one global power at a time to have what is known as
the world reserve currency status. So, what exactly is a reserve currency? Well, to start, a reserve currency is a foreign currency
which is kept in large quantities by centralized banks
and other financial institutions.

These currencies are used for things like investing, leverage for executing transactions
with foreign governments, a vehicle to meet international debt that's owed, or to affect the rate of domestic exchange. If a country's central bank is holding
a foreign reserve currency, it typically doesn't allow the currency
to be in general circulation. Instead, these reserves are typically gained
via trade or from a country selling goods in exchange for native currency. And just as we've all noticed with the Bitcoin cycles that have led us to understand
how high prices are going, a lot of principles in economics tend to be cyclical. We've noticed that there's a 100-year cycle
playing out time after time after time when it comes to the world reserve currency. Now, as we just alluded to a few moments ago, Portugal had the world's
first reserve currency status. During a time period historians
refer to as the Age of Exploration, Portuguese explorers began circling
around the continent of Africa and using their fleet of ships to lay the foundation
for some of the earliest instances of colonial occupation.

When these explorers set up camp
in different countries, they would typically harvest the natural resources and then schedule voyages back to
the initial country where these sailors came from, or to new countries to form new trade routes. These were some of the first examples
of a global economy. However, as we said in the beginning,
no one stays on top forever. But dang it! We're trying. The Portuguese held reserve
currency status for 80 years, from 1450 until 1530. After the Portuguese were exiled to
only one part of the Iberian Peninsula, the Spanish era of being
the global reserve currency status began.

The Spanish era of global reserve currency
was marked by several milestones. The most significant milestone of that period
as far as global reserve currencies go actually might not have been
from Spain themselves. Rather, it was the establishment of the world's
first central bank in 1609 in Amsterdam. That's right, the next in line for global
reserve currency established a central bank in the middle of the prior
reserve holder's reign of power. The name of that Dutch central bank
was called, of course, the Bank of Amsterdam. So it's no wonder why the next colonial power
after the Spanish era was the Netherlands. The Dutch were visionaries. Of course, maybe this was where the Dutch
got some of their money to lay the groundwork for what is now modern day New York City– New York City?! Get a rope.

Because as some of you know, at one point in time,
New York City was actually called New Amsterdam. And, no, I know what you're thinking. New Amsterdam is not just
from a Counting Crows song. I was down at the New Amsterdam Staring at this yellow-haired girl Mr. Jones that man strikes up a conversation The Dutch definitely had their moment. And they're still crushing it in their own way. They believe that the same thing that happened to
the Portuguese might also happen to the Spanish, so they were getting prepared for what is next. However, Spanish bankers did something right because the global reserve currency
was held by Spain for 110 years. Then came the Dutch who,
of course, we just mentioned, established the Bank of Amsterdam
in the middle of the previous reign. Hmmm. That's so strange. The next global power in line to take over as having
the global reserve status was plotting their move decades before it happened. Doesn't sound familiar or anything. China Digital Yuan Excuse me. The Portuguese, Spanish and Dutch were not outliers
in a trend that took place over the next 400 years.

Other global reserve powers
included France and Britain later on. In fact, this trend more or less happened
for periods of 100 years from the 15th century to the current day. Each great global reserve epoch lasted
100 years from the Portuguese to the Spanish, all the way up until 1920. That was the year that the US dollar
gained global reserve currency status and replaced the United Kingdom's sterling. In 1920, when the United States started to gain
the status as the global reserve power, the Great World War had just ended, after taking the lives of 20 million people
from almost every country on Earth. That was the start of the American century.

The country was heads and shoulders
above the rest of the world as far as resources and powers were concerned. However, I said this once, I'll say it 10,000 times, no one stays at the top forever. Of course, there were about
20 to 25 years in between when the United States first laid the foundation
for the USD as a global reserve status and when the US dollar finally
became the global reserve currency via the Bretton Woods Agreement. Of course, if you don't already know
the Bretton Woods System, then make sure to check out our video
and entire series on The Great Reset. You can check that out by clicking above. The United States held onto the status,
but it eventually started to come under fire. The first stones were definitely
thrown around the time that Nixon debased United States dollar from gold back in the 1970s. I'll talk about that more in part 2
of the 100-year cycles of reserve currencies. What do you guys think? Is war the last and final frontier for a currency
before it loses its global reserve status? Or is there a way for a currency to come back? Drop some comments down below.

That's all I got. Be blessed. BitBoy out..

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