Radio Show Hour 2 – 07/10/2024

* Guest: Kirk St. Johns, Founder, Solum.Global – Special Interview Continues! * Talk of de-dollarization is in the air – A BRICS Currency Could Shake the Dollar’s Dominance! * The reaction of BRICS to the fiat dollar by creating a gold-backed currency should concern all Americans. * BRICS has decided to implement a currency swap arrangement. A currency swap is a financial agreement between two countries to exchange a set amount of one currency for an equivalent amount of another currency, based on a pre-determined exchange rate. This allows the countries involved to use each other’s currency for trade and investment, bypassing the need for a third-party currency like the US dollar. * The appeal of a gold-backed currency lies in its historical association with stability and intrinsic value. Gold has been used as a store of value for centuries, and a currency linked to gold could theoretically provide a hedge against inflation, currency devaluation, and economic uncertainty. The proponents of a gold-backed BRICS currency argue that it could provide a more solid foundation for trade and investment. Additionally, it could reduce the risk of speculative bubbles and discourage reckless monetary policies that can lead to economic instability. * it’s time for lawmakers to start to consider abandoning the federal reserve fiat system before it is too late. Sound money with objective value is the cornerstone of a free market and the US should acknowledge its mistake and the resulting inflation caused by the move away from gold back dollars. We call for lawmakers to propose legislation to transition the US system back to sound money.