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Wallstreet Trapper, a proponent of financial literacy, highlights the importance of understanding the history of money in order to attain wealth. He explains that financial education is necessary to teach people how to manage their wealth and prevent them from going broke like NFL players who lack financial education. Trapper has been offering webinars, one-on-one calls, and courses to teach people how to invest in stocks fundamentally. He also believes that America is a big business and taxes are a legal way to play the game the way it is intended. He further discusses the history of the U.S. dollar, detachment from the gold standard, and how the dollar has dominance over other currencies. Trapper also addresses the idea of replacing the USD with a new reserve currency, the potential of BRICS countries to create a new currency, and internal conflicts dependent on who becomes the most dominant currency. He discusses Saudi Arabia's control over the oil market and sets prices when they need more money for a project. Finally, Trapper talks about infrastructural development in the US and how it is becoming more important with the current pandemic situation.
In this section, Wallstreet Trapper discusses his mission of teaching financial literacy to people who come from poverty, particularly those in the NFL who often go broke due to a lack of understanding of how to manage their wealth. Trapper believes that understanding wealth requires an understanding of its history and where it came from. He began teaching financial literacy by offering webinars for free before hosting paid one-on-one calls, where he discussed investments and offered ebooks. Trapper also mentions his start in teaching by going live every day, inspired by influencers who he saw going live and being themselves.
In this section, Wallstreet Trapper discusses how he became successful in the stock market and started teaching others. He shares that he used to watch CNBC all day and provide live breakdowns of the information, as he did not know how to create his own content at first. Eventually, he began receiving many questions from people and decided to create courses to address them. He made sure that his courses were fundamentally based, teaching people how to research a stock and determine whether or not it is a good company. Additionally, he discusses how he manages to pay himself W-2 and how he believes that America is one big business transaction.
In this section, the speaker discusses taxes and how he believes that instead of avoiding them, people should find legal ways to benefit from them and play the game the way it is designed. He also addresses the popular rumor of countries pulling away from the US dollar, which he believes is not going to happen, and that people who do not have financial literacy can be easily swayed by misleading information on social media. He explains that America became the world's dominant currency in 1944 because it had a big gun and some paper, which allowed it to big dog any situation and become a dominant force.
In this section of the video, Wallstreet Trapper discusses how Native Americans were used by Americans to defeat the British during the Revolutionary War because Americans didn't know how to navigate the land. George Washington became famous for ignoring the written rule that a captain couldn't be shot if they were on a horse and targeted the captains first during battles. America became a dominant player in the world after signing the Bretton Woods agreement in 1944, which stated that the dollar would be backed by gold. This meant that the dollar had a hard asset behind it, similar to how a house can be used as collateral for paying someone's bond.
In this section, the speaker promotes the upcoming Podcast Summit event, which aims to help those who want to start a podcast or those who want to expand their podcast. There will be expert speakers, including the host of the event, to teach the business of podcasting and ways to monetize it. The event is suitable for beginners, intermediate, and advanced podcasters. Later, the speaker explains the history of money and how it was backed by gold, which limited the printing of money. Richard Nixon broke the agreement by taking the dollar off the gold standard, allowing unlimited printing of money. The speaker underlines the importance of understanding the value of money and how it can be manipulated.
In this section, the speaker explains the history of America detaching from the gold standard and how Nixon's decision to print more money changed everything. America started attaching the US dollar to oil, which gave them more power, and they could also impose sanctions on other countries, which had to pay penalties in American dollars. The speaker also notes that America is like a gangster, and they put their footprints over everything.
In this section, the speaker discusses the history of attempts to move away from the American dollar as the global currency. He mentions the example of Gaddafi's attempt to create a new currency backed by gold and oil which resulted in his assassination because it would have replaced the dollar as the global currency. He also talks about how China is seen as a potential challenger to the dollar but is holding back due to the power of the US. The American dollar is still used in 59% of international and foreign banks around the world, followed by the Euro at 19%.
In this section, Wallstreet Trapper addresses the idea of replacing the USD with a new reserve currency, which he argues is not possible unless one country is dominant as a superpower. He also challenges the notion of leaving the US for better opportunities, stating that capitalism means the opportunity for wealth is only available in America. He discusses briefly his thoughts on the Islamic way of life and how it emphasizes principles and values. Finally, he addresses the issue of freedom of religion in various countries, particularly in Saudi Arabia, which he says he would consider living in because he is Islamic.
In this section, the conversation shifts to the topic of the dollar and its dominance as the world's most powerful currency. The discussion then moves to the possibility of the BRICS countries (Brazil, Russia, India, China, and South Africa) creating a new currency to replace the dollar. However, Wallstreet Trapper notes that this transition would take ten to fifteen years to occur, and the internal conflict within the BRICS countries will depend on who becomes the most dominant currency. Moreover, the U.S. dollar is not backed by anything, but it is attached to the petrol dollar, which means that America is currently the largest manufacturer of oil. While Saudi Arabia dictates the prices of oil in OPEC, America is the biggest oil manufacturer globally.
In this section, the speaker discusses how important it is to understand the history of money in order to understand wealth and where it's headed. He compares the streets and its laws to politics and war, and gives examples such as paying taxes or drafts to hustle in a specific area. He also talks about how Saudi Arabia controls the oil market and set prices for oil when they need more money for a project like building a new high-tech city which will cost them a trillion dollars. Lastly, he talks about Donald Trump and how he tells America that they cannot be too dependent on the Middle East for oil and instead tap into America's own oil resources.
In this section, the speaker talks about how Donald Trump made his money through real estate, but despite being a billionaire, he is not respected by other billionaires as his money is leveraged and not all hard assets. The speaker also discusses how Trump won the 2016 election as America was not willing to go from back-to-back black presidents to a woman president. Additionally, the speaker mentions that Trump emphasized the importance of building infrastructure in America instead of outsourcing to countries like China and how this would increase America's stability. Trump's message about building infrastructure was disregarded by many due to his unpopularity, but now with the issues arising due to the COVID-19 pandemic, it is becoming more important to build infrastructure in America.
In this section, the speaker discusses the possibility of the US switching away from the dollar and explains that America would not easily let go of its currency and its power in the world. He also talks about how some people in America lack the willingness to fight for their country, but he argues that there are still many who have American pride and enlist in the military. However, he notes that the army is facing challenges in recruiting due to factors such as the robust labor market and a decline in the segment of America's youth that are qualified and interested in serving in the military.
In this section of the video, Wallstreet Trapper discusses the potential consequences of the United States losing its position as the world's superpower and being overtaken by other countries such as China or Europe. He believes that such a scenario would result in a war for dominance since we do not know how the world would treat the new superpower. He also touches on the subject of Bitcoin as an asset class, but points out the lack of stored value in it and how it is still attached to the dollar.
In this section, the speaker discusses the American way of loaning money and how it is ingrained in society as a means of accumulating debt. Despite being in "31 trillion dollars in the hole," America continues to loan money and print new money. The speaker explains how America has to pay back its creditors, including China and Japan. Bond sales are also discussed, as a way to earn money while accumulating debt. Finally, the speaker talks about the Federal Reserve, which is not a part of the American government but is instead an individual entity founded by the JP Morgans and Citibanks of the world.
In this section, Wallstreet Trapper talks about the history of money and how the six families that created America tricked the country into giving their family dividends for the rest of their lives. He emphasizes that it's not what you deserve, but it's what you negotiate. He also shares how his mission to change the world in his way is not excluding anybody. He talks about how he is obedient to his relationship with God and how he feels that everything he has been through is preparing him for something big. Finally, he mentions how everyone he looked up to and admired, including Eric Thomas and even the person like TD Jakes, is now in his phone.
In this section, Wall Street Trapper discusses his commitment to educating people about financial literacy, particularly those in poverty or involved in sports like the NFL who often face financial struggles. Trapper credits his success to the knowledge and information he's accumulated through reading and investing, as well as the personal experiences that have prepared him for his current mission. He aims to provide free education through webinars and conversations, which have helped him gain a large following and credibility in the finance industry. Despite the challenges of figuring out how he fits in the industry, Trapper has remained committed to his purpose and is confident in his ability to authentically represent himself.
In this section, the speaker discusses the importance of recognizing and respecting one's season in life, despite the influences of their past. He reflects on the guidance he received from his friends Marcus and Neo, who encouraged him to move out of New Orleans and find inspiration elsewhere. Being surrounded by people achieving success motivated him, and he realized that he deserved to be in these moments because of all he had been through. The conversations and experiences with his friends helped him find the right path in his life and recognize the value of his journey.
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