Before founding Global Mortgage Group and America Mortgages with Robert, I spent years as an investment banker covering macro hedge funds (Scott Bessant was my former client) and later worked directly at hedge funds, analyzing global monetary flows and their impact on asset prices. That macro perspective shaped how I view markets—and today, it's guiding both our personal investment strategy and how I advise international clients.
What I'm witnessing now transcends typical market cycles. We're approaching a fundamental restructuring of the global monetary system—one that's driving sophisticated international capital toward three specific asset classes: U.S. real estate, gold, and Bitcoin. Having seen how institutional money moves during major macro shifts, I recognize the early signs of a historic reallocation of global wealth.
For overseas investors watching the erosion of traditional safe havens, understanding this monetary transformation isn't just academic—it's essential for preserving and growing wealth in the decades ahead.
The Dollar's Managed Decline: Opportunity Disguised as Crisis
After nearly 80 years as the world's reserve currency, the U.S. dollar system is undergoing a deliberate, managed transition rather than facing catastrophic collapse. This represents the resolution of what economists call Triffin's Dilemma—a fundamental contradiction that has existed since Nixon severed the dollar's link to gold in 1971.
The Trump administration has openly acknowledged what many international observers have long recognized: the dollar's current structure has outlived its usefulness.
As President Trump candidly stated, "When we have a strong dollar, you can't sell anything. It's only good for inflation and psychologically makes you feel good, but you make your money with a weak currency."
For international investors, this creates a unique window of opportunity. While the dollar weakens strategically, tangible U.S. assets become increasingly attractive—offering the stability of American institutions with the upside potential of currency-driven appreciation.
Understanding the Global Monetary Shift
Since 1971, the international monetary system has operated on a model that required America to run massive trade deficits to supply the world with dollars. Foreign nations manufactured goods for U.S. consumption, then recycled those dollars back into American capital markets, funding everything from government deficits to mortgage markets.
This arrangement benefited international manufacturers and U.S. consumers for decades. However, it systematically hollowed out America's industrial base while creating dangerous dependencies. The COVID-19 pandemic exposed these vulnerabilities when the U.S. couldn't manufacture basic medical supplies. The Russia-Ukraine conflict revealed even deeper problems when Russia outproduced all of NATO in weapons manufacturing by a 4-to-1 ratio.
These revelations are forcing a strategic reversal—reshoring American manufacturing while transitioning away from the dollar as the world's primary store of value. For international investors, this shift creates compelling opportunities in assets positioned to benefit from both American reindustrialization and global monetary diversification.
Central Banks Lead the International Flight to Gold
While working at a macro hedge fund, I learned to watch central bank balance sheet changes as leading indicators of major market shifts. What we're seeing now mirrors patterns I witnessed during previous monetary crises—but with far greater scale and systemic implications.
Since 2014, global central banks have net sold approximately $200-300 billion in U.S. Treasury bonds while purchasing $600-700 billion in gold. Having analyzed similar flows during my hedge fund years, I can tell you this isn't market noise—it's a systematic, institutional rejection of dollar-based reserves in favor of monetary metals.
China led this transformation, announcing in late 2013 that accumulating dollar reserves no longer served their national interest. Facing potential currency crises around oil imports, China began purchasing oil fields, copper mines, and gold mines directly, while developing yuan-denominated trade settlements backed by gold convertibility.
From Singapore to Switzerland, from the Middle East to Latin America, central banks have made their choice: gold over Treasuries as the preferred reserve asset. International private investors would be wise to follow this institutional lead.
The Gold Revaluation: America's Trump Card
The U.S. government faces an immediate fiscal crisis that will likely trigger the most significant gold revaluation since the 1930s. Current interest obligations exceed 100% of government receipts—a mathematical impossibility that demands radical solutions.
Treasury Secretary Scott Bessant has indicated the administration will "monetize the asset side of the balance sheet," referring to a mechanism that allows revaluing America's 261 million ounces of gold from the current statutory price of $42 per ounce to market rates.
At today's gold price near $3,400 per ounce, this single accounting adjustment would generate approximately $876 billion for government operations without issuing additional debt. More significantly, this mechanism could be repeated, potentially revaluing gold to $5,000, $10,000, or higher to address fiscal needs.
For international gold investors, this represents government validation of higher gold prices. Unlike private market forces, government revaluation creates official price floors that international investors can rely upon for wealth preservation strategies.
Bitcoin: America's Digital Reserve Asset Strategy
Over my career, I've seen how government policy signals translate into massive capital flows before retail investors catch on. The Trump administration's approach to Bitcoin represents exactly this type of institutional positioning that precedes major asset price moves.
The mechanism works through America's dominance in cryptocurrency infrastructure. As Bitcoin prices rise, demand for dollar-backed stablecoins increases, creating sustained demand for U.S. Treasury bills that collateralize these digital currencies. Having covered macro hedge funds that traded these correlations, I recognize the feedback loops that can drive exponential price appreciation once institutional adoption accelerates. The recently passed Genius Act formalizes this relationship, requiring stablecoins to be backed by short-term U.S. government debt.
For international investors, Bitcoin offers several advantages over traditional safe havens:
However, Bitcoin's volatility requires careful position sizing within diversified international portfolios.
U.S. Real Estate: The Ultimate International Safe Haven
Through America Mortgages, I work daily with international investors seeking stable, productive assets outside their home countries. U.S. real estate has emerged as the preferred choice for sophisticated international capital, and the coming monetary reset will only accelerate this trend.
This is evident by the recent NAR report on International Buyers of U.S. real estate which highlighted that foreigners bought 44% more homes in the U.S., year ending March 2025!
Why International Investors Choose U.S. Real Estate
- Rule of Law Stability: Unlike many international markets, U.S. property rights are protected by centuries of legal precedent and stable institutions. Political changes don't affect property ownership rights.
- Currency Hedge Characteristics: As the dollar weakens strategically, foreign investors buying U.S. real estate with other currencies can benefit from both property appreciation and favorable exchange rate movements.
- Income Generation: Unlike gold or Bitcoin, U.S. real estate provides steady rental income that adjusts with inflation, offering both wealth preservation and cash flow generation.
- Cheapest: The U.S. has the lowest per square foot cost for real estate on a national average than any developed nation.
- Positive Cash Flow: The U.S. is the only real estate market that generates significant positive rental income, with gross rental yields over 8% in many cities.
- Capital Appreciation: The U.S. housing market has increased the most over the past 10 years vs other countries.
- Market Liquidity: U.S. real estate markets offer unmatched liquidity for international investors seeking to enter or exit positions efficiently.
- Financing Advantages: International investors can access leverage at America Mortgages. We offer up to 75% loan-to-value with no U.S. credit required! You can use the rental income of the property to qualify for the loan.
- Leverage enhances return: Using leverage to amplify returns on appreciating assets during monetary transitions. With gross rental yields over 10% in many cities, the income potential will only get better!
The Reshoring Infrastructure Opportunity
America's commitment to rebuilding domestic manufacturing creates unprecedented opportunities for international real estate investors.
Through America Mortgages, we're seeing increased international interest in residential properties in manufacturing-friendly regions experiencing population growth from returning industrial jobs.
These areas include:
- The Southeast: States like Texas, Florida, Tennessee, and the Carolinas offer business-friendly policies, growing populations, and strategic geographic advantages.
- Industrial Midwest: States like Ohio, Indiana, and Michigan are experiencing manufacturing renaissance with existing infrastructure and skilled workforces.
- Energy-Rich Regions: Areas with domestic energy resources become increasingly valuable as global supply chains fragment.
- Port Cities: International gateway cities maintain advantages for global trade while benefiting from domestic economic growth.
Investment Framework for International Portfolios
My approach to investing is a result of being able to speak to the smartest investors in the world for many years and honing my own investment style, which I use—and recommend to America Mortgages' clients—reflects this institutional-grade macro analysis applied to individual investor needs.
Personally, there are 3 big themes happening concurrently and overlapping::
1) Debasement of currency => Bitcoin
2) Change of reserve status away from USD => Gold
3) Rate cut + Deficit spending => U.S. real estate
Imagine 3 overlapping circles, and the middle portion says "higher asset prices".
Leverage the Dollar's Managed Decline
This strategy comes directly from my hedge fund experience during the Asian Currency Crisis in 1997, analyzingcurrency debasement trades. International investors can potentially benefit from borrowing depreciating dollars to purchase appreciating real assets—a carry trade that works in reverse during managed currency declines.
Fixed-rate U.S. mortgages become incredibly valuable financing tools when the underlying currency weakens strategically. I've seen institutional investors execute similar strategies during other currency transitions, and the current setup offers even better risk-reward dynamics for individual international investors.
Access to U.S. Capital Markets
Through America Mortgages, international investors can access U.S. mortgage markets typically offering:
- Lower interest rates than many international markets
- Longer fixed-rate terms (30-year fixed rates are uncommon internationally)
- Higher loan-to-value ratios allowing greater leverage on investments, even for foreign nationals living overseas
Currency Arbitrage Opportunities
As various international currencies strengthen against the dollar during the reset, overseas investors can potentially benefit from:
- Purchasing U.S. assets at favorable exchange rates - natural discount vs local U.S. buyer
- Financing in depreciating dollars while earning returns in stronger home currencies
- Diversifying currency exposure across multiple asset classes
Timeline and Implementation Strategy
The fiscal mathematics suggest major monetary changes will occur within 9-18 months. For international investors, this creates urgency around positioning while requiring careful implementation.
My conclusion: The International Investment Imperative
The post-1971 dollar system is ending through managed evolution, not collapse. For international investors, this creates a historic opportunity to acquire U.S. real estate, gold, and Bitcoin—at favorable prices before widespread recognition of the new monetary framework drives values significantly higher.
I'm a big fan of Luke Groman, known as one of the best macro analysts and a big portion of my thesis is based on his foundation, and he says, "I think Bitcoin, gold, and then everything else. Bitcoin and gold are going to go up versus virtually all other commodities, many other assets, as we move away from a debt reserve system."
For international investors => U.S. real estate offers the perfect complement to this strategy—combining the wealth preservation characteristics of hard assets with income generation, financing advantages, and exposure to America's economic renaissance through reshoring.
The question for overseas investors isn't whether this monetary transformation will occur—central banks have been positioning for it for over a decade. The question is whether international capital will position advantageously before the reset becomes obvious to all market participants.
Through America Mortgages, we're helping international investors do exactly that—securing high-quality U.S. real estate assets with favorable and easy-to-qualify financing while the window of opportunity remains wide open.
The new monetary order is coming. International investors who understand and position for it will preserve and grow wealth for generations. Those who ignore it do so at their own peril.
Disclaimer: These are my own personal views and are meant to be informational and for entertainment purposes. Always discuss financial decisions with your financial advisor.
Thanks for reading.
Donald Klip, Co-Founder
Global Mortgage Group & America Mortgages
Email: [email protected]
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Your Top Questions Answered:
1: What is the fundamental shift happening in the global monetary system?
The world is moving away from the U.S. dollar as the dominant reserve currency, with international capital reallocating into U.S. real estate, gold, and Bitcoin.
2: Why are central banks increasing their gold reserves?
Central banks have reduced U.S. Treasury holdings and purchased hundreds of billions in gold, signaling a long-term shift toward gold as a preferred reserve asset.
3: How does U.S. real estate benefit international investors during this transition?
U.S. real estate offers legal stability, strong rental income, favorable financing, and appreciation potential, making it a reliable safe haven compared to other assets.
4: What role does Bitcoin play in the new monetary framework?
Bitcoin is being positioned as a digital reserve asset, supported by U.S. policy that links stablecoins to Treasury bills, creating institutional demand and long-term growth.
5: How can overseas investors prepare for this monetary reset?
By diversifying portfolios into U.S. real estate, gold, and Bitcoin, investors can hedge against currency debasement, preserve wealth, and capture growth opportunities.
