Simon Hunt discusses a significant shift in the global monetary system with the BRICS nations gradually incorporating gold into their economies, potentially challenging the US dollar's dominance. The BRICS group, soon to account for over 50% of the global population and GDP, plans to introduce a payment system based on their currencies and blockchain technology, with gold replacing the US dollar in differential accounts. This development poses a threat to American global dominance and elevates the risk of conflict as the US may employ measures to prevent these changes. The discussion also touches on potential economic repercussions, including impacts on the bond market, the dollar, and global equity markets, with a particular focus on how a conflict could trigger a recession and inflation, worsened by food and energy shortages.
00:00 The New Phase of Gold in the Global Economy
01:05 The Implications of BRICS' Monetary Strategy
02:38 The Potential for Global Conflict
03:46 Analyzing the Escalation of Conflict and Its Causes
05:42 The Dilemma of Supporting the Dollar vs. Treasury
07:10 The Role of Japan in the Global Financial Crisis
08:14 The Impact of War on Global Markets
09:26 Predictions for the US Economy and Inflation
1 авг 2024
