When a seasoned banker starts talking like a TikToker, warning of US dollar collapse, urging investors to rush to non-US markets , well that is not insight. That is a business model wearing a tie.
I know this because I was in the room. Somewhere halfway through his presentation, I quietly picked up my things and left. Not out of rudeness but because your time is your most valuable asset.
In 30 years of working with people and their hard-earned money, I can tell you that dollar collapse is one of the most persistent fears I have ever encountered. I have addressed it so many times, across so many markets and cycles, that I could have written several bestselling books by now and my long-term clients and partners will tell you that is not an exaggeration.
If a message is engineered to make your heart race before your brain engages, stop. That is not analysis, that is a hook. Sensationalism pays well because fear and FOMO are loyal and predictable customers.
Since I’m being transparent let me tell you that the majority of our model portfolios are denominated in dollars. So if the dollar actually collapses, I assure you I will not be the one telling you I saw it coming. I have skin in this game, not just opinions about it.
The greenback has been collapsing for as long as I have been in this show business. Somehow, we are all still here. Sound investing has not changed in three decades. It has just gotten louder and more dramatic around it.
Lastly, to those genuinely rooting for the dollar’s collapse, be careful what you wish for. Here is the thing people consistently forget. Much like English is the language of international business, the dollar is the language of international finance. It is not just America’s currency, it is the world’s currency.