Trump Warns BRICS: Don’t Even Think About Replacing the US Dollar – Will He Succeed?

President Trump's demand that BRICS nations refrain from creating a new currency to replace the US dollar is discussed, with the guest believing that the US's self-sufficiency and economic leverage will lead to BRICS backing down. The conversation also covers the pardoning of Hunter Biden, with the guest expressing no surprise and criticizing President Biden's actions. Finally, gold and precious metals are analyzed, with the guest expecting a future gold rally and highlighting the ongoing issues with the US economy and debt.

Trump's BRICS warning

• 00:01:31 President-elect Donald Trump warned BRICS nations against creating a new currency to replace the US dollar, threatening 100% tariffs if they proceed. The guest believes that the US's self-sufficiency and economic influence will lead BRICS to back down, as they heavily rely on US trade and resources. This assertion is based on the US's ability to thrive independently, a position reinforced by the recent success of Trump's similar pressure tactics with Mexico and Canada.

Hunter Biden Pardon

• 00:06:45 President Joe Biden's decision to pardon his son, Hunter Biden, is discussed. The guest expresses no surprise at the pardon, citing President Biden's long history of dishonesty and prioritizing his own family over the rule of law. The guest also criticizes President Biden's character and the immense wealth accumulated by the Biden family while in office, questioning the legitimacy of their wealth given their previous earnings.

Gold Outlook

• 00:08:38 The discussion turns to the outlook of gold and silver. The guest observes a recent pullback in gold prices after a strong rally but anticipates another rally in the future. While the fourth quarter has been unusually slow, gold has shown significant yearly gains. The guest believes the recent sell-off was due to investor confidence in the Trump administration but suggests that gold will become increasingly necessary as a currency due to persistent economic issues.

US Economy & Debt

• 00:11:31 The US economy and its high level of debt are major concerns discussed. The guest notes that while retail sales appear strong, they are only up slightly above last year's figures, which is less than the inflation rate. The guest also highlights the high levels of consumer debt, indicating potential future economic struggles. Additionally, the guest expects issues in equities, citing upcoming debt bills that could lead to trouble.

Gold vs. Cryptocurrency

• 00:13:18 The discussion explores the future of gold within an environment where the US administration is pro-cryptocurrency, particularly Bitcoin. The guest believes gold will maintain its traditional role as a safe haven asset, although acknowledging the increasing popularity and potential of cryptocurrency. The guest considers cryptocurrency a true free market, while central banks' accumulation of gold is seen as a sign they are continuing to print fiat money, creating more debt to satisfy global obligations while hoarding the 'real money' - gold.