The de-dollarization is a watershed moment.
Matthew Piepenburg shares his views in this extensive interview with Daniela Cambone of Stansberry Research, covering the FED, petrodollar and de-dollarization, banking risk and gold.
“The world’s reserve currency is not going to change.”
The U.S. dollar accounts for 60% of the global currency pool. As a result, what’s changing is the hegemony, the respect, the trust for the U.S. dollar as a payment system.
BRICS countries began trading with each other using alternative currencies because the Fed’s interest-rate hikes made the US dollar too expensive. Foreign treasuries and foreign nations have been dumping U.S. treasuries throughout 2022… $14 trillion in foreign debt has to be paid in U.S. dollars. The fiat game is not sustainable. This debt game is not sustainable. You can’t keep solving the debt problem with more debt. FedNow and other central bank digital currencies only serve to expand the government’s control.
Protect your wealth through direct ownership of physical gold.
Timestamps:
0:00 Introductions
2:09 Why cant the Fed be truthful?
6:37 Bogus Consumer Price Index Data
9:04 Petrodollar and de-dollarization
12:50 BRICS
17:56 Gold-backed currency
19:20 Central back digital currencies
25:50 How far are we from a true CBDC in the U.S?
27:40 Banking System
31:33 Gold
39:00 Final thoughts on the market