IS A WORLDWIDE CURRENCY COMING? PROTECT YOURSELF NOW!- #650
THE SAVAGE NATION
Michael Savage
4.5 • 11.4K Ratings
🗓️ 16 November 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Governments around the world, The World Economic Forum, and the International Monetary Fund are proposing the movement to a global currency. How likely is this proposal and what can YOU do about it? How is deficit spending devaluing the dollar? With government spending out of control, the dollar clearly isn't a stable store of value. How can everyday Americans protect themselves from dollar decline? To help make sense of the chaos in the economy, Savage speaks with expert Philip Patrick. He spent years as a private wealth manager at Citigroup on Lombard Street and joined Birch Gold Group as a Precious Metals Specialist in 2012.
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Transcript
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| 0:00.0 | And now the world's most exciting podcast, The Savage Nation, home of borders, language, culture. |
| 0:14.0 | Here he is Michael Savage. |
| 0:17.0 | Hi, Patrick. |
| 0:20.0 | Hi, how are you doing, Michael? |
| 0:22.0 | Gold, gold gold gold. |
| 0:24.0 | Gold. |
| 0:25.0 | Nice to see you. |
| 0:27.0 | The gold prices have been kind of fluctuating this month. |
| 0:31.0 | Mm-hmm. |
| 0:32.0 | What affects gold prices? |
| 0:35.0 | Gold prices, I mean a lot. |
| 0:37.0 | So geopolitical instability affects gold prices. |
| 0:40.0 | The dollar or the value of the dollar affects gold prices, right, as dollars become weaker, gold goes up, dollars become stronger, gold goes down, inflation affects gold prices, recession affects gold prices. |
| 0:54.4 | So it's driven by a lot of different factors, |
| 0:57.6 | but being a safe haven asset, |
| 0:59.9 | negative things in the economy tend to have a positive impact on precious matters. |
| 1:04.9 | But with what's going on in the world, the wars that Biden has gotten us into, |
| 1:10.3 | Ukraine Russia is getting worse, he wants to send him another hundred some odd billion dollars. |
| 1:15.5 | Now Israel, Hamas blew out of control. We're sending Israel another, God knows how much, how many |
| 1:21.1 | billions. Rightly or wrongly, we're not talking about |
| 1:23.8 | whether he should or shouldn't. |
| 1:24.9 | We're talking about financial implications of wars |
... |
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