Former Chief Economist (BIS) on the Run on Fiat Currency

Paul Buitink talks to William White again, an economist who worked at the Bank of England, Bank of Canada, Bank of International Settlements (where he was chief economist) and the OECD. William is 82 years old and has decades of experience as in insider.They discuss trade tensions amongst the US and Canada, how the West should deal with China and how BRICS countries are developing alternatives outside of the dollar system.Bill thinks there is run on fiat currency due to high debt levels and low confidence in Western economies and currencies. This is reflected in higher gold and silver prices. Crypto and Bitcoin don't seem to benefit from it.He also gives his opinion on the new Fed chairman Kevin Warsh.Follow Paul on X here:https://x.com/paulbuitinkFollow William here:https://williamwhite.ca/https://en.wikipedia.org/wiki/William_White_(economist)Timestamps:0:00 Intro1:23 US and Canada relation3:40 Effects trade and tariff war6:13 China and Canada and Trump's response9:11 NAFTA11:08 Decay of global trade14:08 How does the West need to deal with China17:14 Bill's advice to Trump22:00 China's search for a dollar alternative35:50 Market indicators to watch40:00 Running away from fiat43:40 What is fiscal dominance48:56 Kevin Warsh56:28 Outro