Evolving Beyond the US Dollar Hegemony (Video)
Major news hit this week that the BRICS have launched their own development bank to challenge the currently Western-dominated banking system. Read about it here. Who could better explain the rationale behind this new bank than the author of the book Currency Wars, Jim Rickards? Rickards appeared on CNBC this week to share his thoughts. His message? The world is ready to leave the dollar behind and kick the irresponsible United States out of the economic driver’s seat.
Every single member of the BRICS, multiple times has voiced dissatisfaction with the dollar, the dollar hegemony, the dollar-based system, and the IMF, which is really dominated by the US. So it’s not that there’s a revolution that happens overnight, but it’s more of an evolution away from the dollar.”
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Related Posts
Peter recently appeared on the Bald Guy Money show for a conversation on gold’s role in American and global politics, the influence of the BRICS coalition on metals markets, and, as always these days, the disastrous monetary policy coming out of the Fed. 
On Friday, Don Ma interviewed Peter on NTD’s Business Matters. Their conversation focuses on declining consumer sentiment. With GDP and unemployment figures also signaling a recession, a worsening consumer outlook bodes poorly for the economy.
On Wednesday, Peter appeared on This Week in Mining with Jay Martin. Jay and Peter discuss the state of the economy, the government’s assault on sound money, and why the mining sector constitutes a good investment.Peter Schiff Debates: You Don’t Need to Reinvent the Wheel with Gold
On Friday, Peter participated in an exhilarating debate over the merits of gold and Bitcoin. Professor of economics Nouriel Rabini joined Peter to debate Erik Voorhees and Anthony Scaramucci, two proponents of Bitcoin. They cover a lot of ground in their 2+ hour debate, so be sure to watch the full video on Peter’s youtube channel.
Last week Scott Melker interviewed Peter on The Wolf of All Streets podcast. They have a friendly discussion about Bitcoin’s future, the differences between gold and crypto, and the overlap in the crypto and precious metals movements.
Leave a Reply