Doc's Daily Commentary

Mind Of Mav

Is The US Dollar Collapsing?

No hyperbole, but you should be preparing for the worst-case scenario, right now.

You see, the USD is a special currency. It is the world reserve currency; meaning most international settlements happen in US dollars. It also has another name that adds to its special status.

The petrodollar.

Why? All major oil exporters are paid in US dollars.

Money wars are happening.

When there is a situation like the one happening in Ukraine right now, this upsets that global order. Putin announced a gas currency switch for ‘unfriendly countries’, meaning he wants Roubles instead of US dollars or Euros.

This is on top of the world situation right now where we have high unemployment rates across the board and a top-heavy economic climate where many small businesses were forced into collapse due to Covid measures and yet companies like Amazon, Google, Apple and others saw some of their biggest gains. Disgusting.

US Inflation Rate is at 7.87%, compared to 7.48% last month and 1.68% last year. In Australia, inflation grew by 3.8%, compared with just 1.7% for wages in 2021.

The reality is that fuel prices are through the roof, household grocery prices are through the roof and there is no end in sight. And all the man on TV can do is blame Putin.

The worst-case scenario means food shortages, power outages, hyperinflation and the potential collapse of the world reserve currency which guarantees more of the same.

Basically, a situation where the money in your bank account cannot be used to buy food, fuel your car, or turn the lights on. This is not unrealistic. Even if you can afford those things, there might not be any food left to buy, there may not be fuel available for your car and there might not be energy available to turn the lights on, power the refrigerator or keep you and your family warm.

So, is this really possible? Or just more noise?

Well, it is definitely possible. We’ve seen that before. Ray Dalio, who certainly has his critics has some thoughts on it that he’s put into a book and then distilled some of that info into this video.

But is it happening? Well, let’s look around.

Biden is saying it’s ‘going to be real’ when talking about food shortages.

Here is Klaus Schwab saying global food and energy systems will be affected.

Rob Kapito from BlackRock says entitled generations are going to be hit with shortages for the first time.

Now if you are thinking, but hang on, they are not saying the USD is collapsing they are just saying get prepared for no food.

Did you really think that? Smack yourself on the back of the head for me.

To be clear, no one really knows what is happening and how long it’s going to last. But one thing is for certain. The US dollar is experiencing big problems at the exact same time we’re all facing some issues of our own like you know, maybe not being able to feed our kids.

If this is true, what’s the answer?

I have no clue. I can speculate. Guess.

The only things that have held value over long periods of time are precious metals such as gold and silver and you could also argue, land and real estate.

The issue with land and real estate is that they aren’t exactly liquid. You can’t just go, knock a couple of bricks out of the wall and exchange them for a loaf of bread, nor would you want to. And if times are uncertain and you have armed men rolling through the streets like they are in Ukraine right now, that isn’t exactly a solid investment.

So apart from things like gold and silver, my answer is food, fuel, water and medicine. That seems obvious and a little weird to say if I’m being honest.

What about crypto? What about Bitcoin?

Crypto has not passed the time test. Obviously, I am bullish on crypto in a general sense. This is ReadySetCrypto, after all.

But let’s be honest, we’ve never been in a situation like this before. One where the global reserve currency is under pressure, there’s war in Europe, China is rising big-time, information is free and accessible and we now have digital, cryptographically secured, decentralised, non-nationalised currencies. We’re not in Kansas anymore.

Personally, I am holding crypto, getting back into precious metals but I’m also preparing for the worst.

That doesn’t mean I am a negative Nancy. I am positive we will eventually come through all this. But there is a bumpy road ahead. That is not even debatable at this point. I’m sorry you had to hear it from me instead of the man on the TV. If you haven’t worked out by now, the man on the TV doesn’t necessarily always tell you the truth.


The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

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Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



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