If THIS happens to the dollar, YOUR LIFE will COMPLETELY change



What exactly is happening to the U.S. dollar?

Carol Roth, financial expert and author of the upcoming book "You Will Own Nothing," joins Glenn Beck to tell Americans what we need to know — and who we need to look out for.

“It’s Russia. It’s China. It’s China courting Saudi Arabia,” Roth explains, adding that we have some issues when it comes to the dollar.

“Not just with reserves,” she continues.

“But really what puts us in the pole position as well is being a huge piece of the payments.”

According to Roth, we still “dominate” the payment side.

Roth is talking about the global payment system called the Society for Worldwide Interbank Financial Telecommunications, otherwise known as SWIFT. The system powers most international money and security transfers and is used to quickly, accurately, and securely send and receive information.

$100 trillion per month goes through SWIFT, and China currently only accounts for just under 2.4% of that number.

“They are working to claw their way up, they are making — trying to make — deals. They’re trying to convince the Saudis to let, you know, let everybody pay, including them, pay for oil in their currency,” Roth explains.

The Bank of China is even opening its first branch in the capital of Saudi Arabia, Riyadh.

Roth says that the Saudis are “playing both sides of this.”

While the Saudis don’t want to give up their alliance with us, Roth believes “they see the weakness coming from our president” as well as the threat of “green nonsense” that would destroy their own economy.

“Of course they’re going to hedge their bets. China is the largest net importer of oil and on a per capita basis they use a fraction of what we do here in the U.S. So, there’s an opportunity for growth,” she adds.

Glenn is worried.

He explains that the partnership between China and Saudi Arabia and our tense situation with Russia could create a “big shock” that would trigger banks to close — which would be a dire situation.

“What people really have to understand is when it happens, life as you know it in America is completely different,” Glenn warns.

“Correct,” Roth adds.


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Roth on SVB bank run: Be prepared for potential contagion



Here’s a story that everyone should be concerned about but not many are talking about.

Silicon Valley Bank is no longer. And now it’s spreading to four other banks.

Glenn Beck sat down with Carol Roth to discuss the fall of one of America’s banks, and she has a lot to say about.

Roth begins, “You want to not panic, but be prepared for potential contagion in the financial services arena.”

After all, she continues, this was “the second-largest bank failure in U.S. history, per the Financial Times, after the 2008 collapse of Washington Mutual.”

In addition, Bloomberg has been reporting that north of 93% of SVB’s deposits were not insured, and did not qualify for the FDIC because of the size of the deposit — or other reasons.

While absolutely concerning, Roth says, “This is a really good lesson.”

How? Well, she’s got an answer. Roth says, “If you are in the fortunate position that you have a lot of deposits with any sort of financial institution, make sure they are FDIC insured, or that you have not exceeded the limit, or that you move them around to different accounts with different names on them, so that you are able to have each of those accounts covered.”

Unfortunately, it's too late for those who had their money in Silicon Valley Bank to receive this tip, as many of them are not going to be getting their money back.

Beck asks Roth a question for the less-financially savvy folk: “What does this mean for the average person?”

Her answer is basically to get prepared.

She says, “Go check your accounts and check that FDIC insurance. Or if you’re with a credit union, they have a similar entity that does credit for credit unions and make sure that you have that insurance. ... Hedge your portfolio. Make sure that you’ve got 5 or 10% of your portfolio in alternative hard assets ... things that you can control.”

While all of this is concerning, there is one element that inspires even more fear.

Roth says the “most concerning about the long term is that they’re going to use this as a cover story for a central bank digital currency.”

Beck agrees.

She continues, “This is a very scary situation that can threaten our freedom, and it can threaten your wealth.”


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