Key insights

• Centralized digital currency system impact

  • 💳 Centralized digital currency system impact on gold holders
  • 🛡️ Benefits of goldbacks in protecting against fiat currency debasement

• Role of gold in stabilizing the monetary system

  • 💰 Using gold as a solution to stabilize the monetary system and address the devaluation of fiat currency
  • 💹 Revaluing gold could offset the balance sheets of indebted countries and central banks
  • 📉 Potential impact on inflation and a shift away from the US dollar as the global reserve currency

• Concerns about US losing Reserve currency status

  • 💵 Weak dollar, sanctions, and fiscal mismanagement pushing countries away from the dollar
  • 📉 Tariffs may lead to inflation and hurt American consumers
  • 🏦 Incentivizing countries to hold US treasuries is important

• Implementation of a CBD system and its impact

  • 💳 Implementation of a CBD system and its impact
  • 🔒 Privacy concerns and lack of anonymity in transactions
  • 🌐 Shift towards a One World System instead of a One World Currency

• Shanghai Gold Exchange's Project Embridge

  • ⛓️ Shanghai Gold Exchange backing Project Embridge
  • 💱 Unit settlement token pegged to 40% gold and 60% BRICS currencies
  • 💵 Promoting trade in local currencies and maintaining monetary autonomy

• Formation of alliances and trade agreements

  • 🤝 Formation of alliances outside the influence of the West
  • 💱 Discussion of a common currency 'the unit' pegged to gold and a basket of BRICS national currencies as part of the BRICS alliance

• Shift towards a new global monetary system

  • 🌍 Shift towards a new global monetary system backed by gold and multiple currencies
  • 💱 Bank for International Settlements (BIS) supporting a new settlement currency and platform
  • 💰 Central banks buying gold at record levels and reducing dollar reserves

Q&A

• What are the concerns and benefits related to a centralized digital currency system and goldbacks?

  The speaker discusses the potential impact of a centralized digital currency system on gold holders and addresses skepticism about their motivations. He emphasizes the importance of doing the right thing and expresses concern for the future. He also highlights the benefits of goldbacks in protecting against fiat currency debasement.

• How might gold be used to address the devaluation of fiat currency, and what potential impact does this have on the US dollar as the global reserve currency?

  Gold might be used as a solution to stabilize the monetary system and address the devaluation of fiat currency. If central banks agree to revalue gold and embrace a new system, it could offset the balance sheets of indebted countries and could also lead to higher inflation and a potential shift away from the US dollar as the global reserve currency.

• What is the significance of gold and its potential role in a new global reserve currency?

  The speaker addresses the potential outcomes of a meeting, the importance of acknowledging global problems, and the significance of gold price and implications for a new global reserve currency tied to gold. They also discuss revaluing gold to a higher dollar price, which could improve balance sheets and create a new global monetary system tied to gold.

• What concerns have been expressed about the potential loss of the US Reserve currency status?

  The former President Trump and others have expressed concerns about the US losing its Reserve currency status. This is attributed to factors such as the weak dollar, sanctions, and mismanagement of fiscal policy. Former President Trump acknowledges these issues and proposes tariffs. However, tariffs may lead to inflation and hurt American consumers. The video highlights the importance of addressing fiscal and monetary policy and incentivizing countries to hold US treasuries.

• What are some of the discussed implications of the implementation of a CBD system?

  The video delves into the implementation of a CBD system and its impact, the role of central banks and international organizations, privacy concerns, integration with existing systems, and the potential implications for global control. It touches on the idea of moving towards a One World System as opposed to a One World Currency.

• What is Project Embridge, and what are its objectives?

  The Shanghai Gold Exchange is backing a new system called Project Embridge. This system will allow countries to trade in local currencies and use a unit settlement token pegged to 40% gold and 60% BRICS currencies. The system aims to maintain monetary autonomy and reduce the dominance of any single currency, while providing transparency through a blockchain-based network.

• What are some key developments related to the formation of alliances and trade alliances outside the influence of the West?

  Several countries are forming alliances outside the influence of the West, expressing discontent with the US' use of the dollar. This has led to the formation of trade alliances and the expansion of the BRICS group. There are also countries applying for BRICS membership while expressing discontent with the US' actions and policies. It's noted in the video that the BRICS alliance may expand to include more countries, and the discussion of a common currency 'the unit' pegged to gold and a basket of BRICS national currencies is under consideration as part of the BRICS alliance.

• What is the potential shift in the global monetary system discussed in the video?

  The video discusses a potential shift towards a new global monetary system backed by gold and multiple currencies. It explores the exploration of a new common currency and global payment system by BRICS countries. Central banks are buying gold at record levels while reducing their share of dollar reserves. The Bank for International Settlements (BIS) is supporting a new settlement currency and platform, signaling a potential shift away from the US dollar.

• 00:00 The global monetary system may shift towards a new system backed by gold and multiple currencies, challenging the US dollar dominance. The BRICS countries are exploring a new common currency and global payment system. Central banks are buying gold at record levels and reducing their share of dollar reserves. The Bank for International Settlements (BIS) is supporting a new settlement currency and platform, signaling a potential shift away from the US dollar.
• 13:35 Several countries are forming alliances outside the influence of the West, expressing discontent with the US' use of the dollar, leading to the formation of trade alliances and the expansion of the BRICS group; countries are applying for BRICS membership while expressing discontent with the US' actions and policies; the BRICS alliance may expand to include more countries; the common currency 'the unit' pegged to gold and a basket of BRICS national currencies is under discussion as part of the BRICS alliance
• 26:06 The Shanghai Gold Exchange is backing a new system called Project Embridge, which will allow countries to trade in local currencies and use a unit settlement token pegged to 40% gold and 60% BRICS currencies. The system aims to maintain monetary autonomy and reduce the dominance of any single currency, while providing transparency through a blockchain-based network.
• 40:27 The video discusses the implementation of a CBD system and its impact, the role of central banks and international organizations, privacy concerns, integration with existing systems, and the potential implications for global control. It touches on the idea of moving towards a One World System as opposed to a One World Currency.
• 54:02 The former President Trump and others have expressed concerns about the US losing its Reserve currency status. The weak dollar, sanctions, and mismanagement of fiscal policy are forcing countries away from the dollar. Former President Trump acknowledges these issues and proposes tariffs. However, tariffs may lead to inflation and hurt American consumers. It's important to address fiscal and monetary policy and incentivize countries to hold US treasuries.
• 01:06:39 The speaker discusses the potential outcomes of a meeting and the importance of acknowledging global problems. They also touch on the significance of gold price and implications for a new global reserve currency tied to gold.
• 01:18:51 Gold might be used as a solution to stabilize the monetary system and address the devaluation of fiat currency. If central banks agree to revalue gold and embrace a new system, it could offset the balance sheets of indebted countries and could also lead to higher inflation and a potential shift away from the US dollar as the global reserve currency.
• 01:30:48 The speaker discusses the potential impact of a centralized digital currency system on gold holders and addresses skepticism about their motivations. He emphasizes the importance of doing the right thing and expresses concern for the future. He also highlights the benefits of goldbacks and their role in protecting against fiat currency debasement.