Bishop
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yes, sir.
Yes, sir.
Because you can have a million dollars, but if their valuation of the dollar is the same as Naira or pesos, you don't have anything.
It has dropped about, I think, 30% at this point.
Yes, sir.
So a million dollars is worth $700,000.
So $100 is worth $70,000.
On down the line, do the math.
So the 30% drop means do you have to increase your earnings to keep up with what you had before?
So what was your goal before the valuation decrease has now changed and it has to be up 30% to be $100 again.
I got to make $130 to have $100 again, okay?
Yes, sir.
When you look at that, when you look at BRICS taking over globally and you look at other currencies coming in and the flood of dollars coming back, when you look at the Fed rates changing, what do you think the future holds for young people who are trying to make it in this country?
Are we going to have the wherewithal financially to be not even rich?
That's something we've got to think about.
We still have one of the strongest GDPs in the world.
So at this point, we're not in real bad trouble, but we've got to be watching because the fastest growing GDP is coming out of Africa.
It sure is.
Okay.
So the youth is there.