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M.C. Laubscher Shares Is The World's Money System Changing?
The world's monetary system changes historically every 30 - 40 years. We have seen three changes just in the last century in 1914, 1944 and 1971. We are due to a change in the monetary world order, but what would replace the dollar standard and the US Dollar as the world's reserve currency?
I approach this speculative topic by looking at an extremely big event that is happening on October 1st that is not reported at all in the financial media. The International Monetary Fund is adding the Chinese Yuan to its basket of reserve currencies called the SDR or Special Drawing Rights. The United States government fiscal year also ends on September 30th and Congress will have to approve another spending bill by September 30th for the United States government to still function from October 1st.
M.C. Laubscher is the President and Chief Executive Officer of Producers Wealth and the creator & host of the top-rated business, investing and business podcast, Cashflow Ninja.
M.C. has created a system for investors, entrepreneurs, business owners and professionals to create, protect, and multiply their wealth in ANY Economy and Outside of Wall Street.
In the Cashflow Ninja podcast, M.C. and his guests share how to create income streams in the new economy and information age. They look at real estate, businesses, paper assets, commodities like gold, silver and oil, and also crypto and blockchain assets.
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