152: BRICS Nations Plot New Gold-Backed Currency: What It Means for the US Dollar w/ Bob Moriarty
Oct 22, 2024
auto_awesome
Bob Moriarty, a veteran fighter pilot and the author of The Art of Peace, shares deep insights on the 1971 Nixon shock and how geopolitical events shape the global economy. He discusses the rising significance of a gold-backed currency system, especially following the recent BRICS meeting. The conversation also dives into the dynamics of increasing debt, hyperinflation, and the surge in gold prices, while exploring opportunities in the mining market amidst current challenges. Moriarty emphasizes the importance of financial resilience in today's complex landscape.
A structured community focused on proprietary trading methodologies offers a sustainable learning platform, enhancing participants' trading skills through technical analysis and practical experiences.
Historical events, particularly Nixon's economic policies, illustrate the long-term impact of monetary decisions on today's economic challenges and inflationary pressures due to government actions.
Geopolitical tensions and emerging resource-based economies, particularly in the East, signify a shift in global financial dynamics that may threaten the U.S. dollar's dominance.
Deep dives
A New Approach to Trading
Engaging in a structured community focused on a proprietary trading methodology presents a more sustainable approach compared to traditional trade signal groups. This community offers a constructive learning environment with a unique platform that facilitates both learning and practical trading experiences. Unlike typical signal groups, the emphasis lies on technical analysis, specifically the HVF method, which drives trade ideas bolstered by rigorous analysis. Participants learn to navigate the markets with strong insights into breakouts, precise entry and exit points, and a disciplined trading mindset.
Historical Context and Economic Policies
The impact of historical events, such as Nixon's economic policies in 1971, underscores the long-term repercussions on today's economic landscape. Many recall this moment primarily as the United States abandoning the gold standard, yet it fundamentally introduced wage and price controls that have consistently proven disastrous for the economy. Contemporary policies generating inflation are often misattributed to business practices rather than recognized as effects of government actions, specifically excessive money printing. This analysis highlights the importance of understanding monetary policies and their historical context to better grasp current economic challenges.
The Geopolitical Landscape and Debt Crisis
The interplay of geopolitical tensions, wars, and rising debt levels leads to a precarious global economic situation that may culminate in significant shifts. Black swan events, or unforeseen calamities, could manifest simultaneously, prompting a crisis in both domestic and international contexts. Concerns over U.S. elections and potential governmental actions also factor heavily into the landscape, as are fears surrounding social unrest and systemic collapse stemming from the current debt trajectory. These factors may incite an urgent reevaluation of economic strategies and preparedness in anticipation of impending challenges.
The Shift Towards Resource-Based Economies
The evolving financial landscape indicates a significant shift towards resource-based economies, primarily in the East, which present an alternative to the current debt-based system. Initiatives from countries like Russia and China signal a push towards adopting currencies backed by physical assets, thereby undermining the dollar's dominance. As resource-rich nations collaborate on new economic frameworks, implications for Western economies could be profound, leading to a potential decline in the U.S.'s economic status. This transition indicates a broader movement away from reliance on monetary systems without tangible backing, challenging established norms.
Investing in Precious Metals
Investors are advised to consider precious metals, particularly silver, as critical components of their portfolios in light of market volatility and geopolitical uncertainties. Historical patterns showcase the potential for significant gains in silver and its associated mining stocks, which could flourish as inflation and asset values shift. In contrast, gold serves primarily as a stable insurance policy against economic downturns, while silver's industrial applications position it for rapid price appreciation. With sentiment shaping market dynamics, the timing for investing in these markets appears increasingly favorable as broader shifts in the global economy unfold.
For 100x FX Margin Beat the Margin reductions, but Safe like the EU, Sweden Based Scandinavian Capital Markets for FX trading: http://themarketsniper.com/scm/
KuCoin is a secure cryptocurrency exchange that allows you to buy, sell, and trade Bitcoin, Ethereum, and 700+ altcoins. The leader in driving Web 3.0 adoption: https://www.kucoin.com/r/af/rMC5F3J
If youâre interested in successful trading without sitting in front of the screen all day I would suggest you to join our HVF trading community
Thank you for your continuous support!
Originator of The Hunt Volatility Funnel Method [HVF Method] Trader, Technical Analyst & Teacher (c) Copyright 2020
Disclaimer:
Our videos provide material for informational and entertainment purposes only
Trading is risky.
Before trading or investing, you should be aware of the risks involved, and take appropriate risk mitigation steps as necessary. Check multiple sources for information prior to investing or trading.
No liability for losses as a result of your actions on any information or perceived information from these videos, will be accepted.
#brics
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode