Speaker 1: Bill cunning in the Great America. Of course, economically we
Speaker 1: look for a revitalization when Trump takes office on January
Speaker 1: the twentieth.
Speaker 2: It's going to be a slow haul.
Speaker 1: But one of the great concerns many Americans have and
Speaker 1: many economists have, is something called bricks. Now, you may
Speaker 1: think bricks are something you put on a house, but
Speaker 1: bricks refers to a loose organization of five or six
Speaker 1: great economies Brazil and Russia, India, China, and South Africa,
Speaker 1: and more indicative willingness to join. And this would be
Speaker 1: like a second alternative source of economic strength around the world.
Speaker 1: And it would mean that the American dollar would not
Speaker 1: be a reserve currency, which is a really big deal. Joanan,
Speaker 1: you and I now is Kristin Briggs is the CEO
Speaker 1: of Hard Asset Management. Kristin Briggs. Welcome, I think for
Speaker 1: the first time to the Bill Cunningham Show. And first
Speaker 1: of all, did I set it up correctly that bricks,
Speaker 1: especially with China being involved with Brazil and Russia, India,
Speaker 1: South Africa, is a mortal danger to the economic health
Speaker 1: of the United States of America.
Speaker 3: It's exactly right, And you pose a really good point
Speaker 3: here bricks is trying to undermine the financial stability the
Speaker 3: United States. If it wasn't such a problem, and if
Speaker 3: it wasn't literally on the top of Trump's list, he
Speaker 3: would not have come out in swinging on this one.
Speaker 3: In said one hundred percent tariffs on anybody who undermines
Speaker 3: the US dollar and puts it as second class citizen.
Speaker 3: The thing that you've got to realize is of the
Speaker 3: original five countries, which have strong economics in their own right,
Speaker 3: but together the bricks nations now, which are about seventeen
Speaker 3: countries from the original two thousand and nine at the.
Speaker 2: Gate to today.
Speaker 3: The biggest change, I would say was the UAE United
Speaker 3: Arab Emirates joined, which is seven countries Abu Dhabi and
Speaker 3: Dubai and so forth.
Speaker 2: Has a lot of oil impact. Iran now is part
Speaker 2: of bricks.
Speaker 3: So what you've got here as a position of countries
Speaker 3: that have right now together a forty percent bigger GDP
Speaker 3: than the G seven. When you take out the six
Speaker 3: countries of the G seven, let the United States be standalone.
Speaker 2: They're over double our GDP.
Speaker 3: So Trump knows that it's not just an issue with
Speaker 3: the reserve currency status. It's a national security issue. In fact,
Speaker 3: in a recent conversation I have with one of the
Speaker 3: leading House members, chairman of one of the committees is
Speaker 3: Point Planning, which he's going to have dinner with Trump
Speaker 3: this weekend, said, if there's any one thing that you
Speaker 3: can destabilize a country, destroy the currency, and then there's
Speaker 3: nothing left of the country, because that is the bedrock
Speaker 3: of the financial system. Bricks have made no bones about it.
Speaker 3: Their goal is to undermine debates and decouple the dollar
Speaker 3: from oil and commodity trading as fast as they can,
Speaker 3: so that way, our interest rates will skyrocket because goble
Speaker 3: by our debt. Why well, the debt's based in dollars.
Speaker 3: Look what's happening over the last year or so. It's
Speaker 3: not inflation that's always running up these rates. It's the
Speaker 3: unwillingness of countries right now to buy our debt.
Speaker 2: That's your problem. And that's what Bridge is trying to do.
Speaker 1: Explain reserve currency. My producer may not fully understand it, though.
Speaker 1: If the world trade is funded and fueled and layered
Speaker 1: with the US dollar, the US dollar has great value. If,
Speaker 1: on the other hand, some other currency like the wand
Speaker 1: from China is going to be the reserve currency. Then
Speaker 1: we're in trouble, big trouble. In fact, we've done a
Speaker 1: lot of this to ourselves because of our debt and deficit.
Speaker 1: But explain to the American people what is reserve currency
Speaker 1: and how does that impact someone living in ames Iowa?
Speaker 2: Well?
Speaker 3: Good, well what you said Iowa. I have relatives and
Speaker 3: aims as well as alarel in Iowa. So that's good, yeah,
Speaker 3: all of Iowa. Well, let's talk about what reserve currency means.
Speaker 3: First of all, when a country determines its asset base
Speaker 3: or asset classes, it's going to have a number of
Speaker 3: fundamental things.
Speaker 2: Is going to strategically put.
Speaker 3: In gold, silver, oil, and currency, currency being the liquid
Speaker 3: portion of all of those, Okay, the most liquid. So
Speaker 3: when you look at reserve currency, we are now from
Speaker 3: nineteen forty six, when ninety percent of the world transacted
Speaker 3: only in dollars and it was the number one reserve currency.
Speaker 2: Let me tell you where we're at today. We are
Speaker 2: now number six.
Speaker 3: In reserve asset we're number one, but we've dropped from
Speaker 3: ninety percent to forty nine percent in daily transactions with
Speaker 3: the dollar. We're still number one because in nineteen forty six,
Speaker 3: there is a plethora of localized currencies out there that
Speaker 3: have subsequently been made to be their their number one
Speaker 3: go to sales transactional asset, which you know people think, oh,
Speaker 3: it's going to be crypto one day.
Speaker 2: It will not be crypto like in the sense what
Speaker 2: we have today.
Speaker 3: It's going to always be a localized currency, whether it's
Speaker 3: digital or in payper form.
Speaker 2: What we're looking.
Speaker 3: At is losing the number one position in daily transactions.
Speaker 3: If we lose that, that means demand is shifting to
Speaker 3: other currencies, which it has since nineteen forty six. The
Speaker 3: scary thing is, and Trump knows this is the number
Speaker 3: one national security rescue. Like I said earlier, it's number
Speaker 3: one with him right now. Because here's what the bricks represent.
Speaker 3: The bricks have two purposes. One's a coalition to bring
Speaker 3: financial instability to the United States, to create doubts so
Speaker 3: people stop buying the debt, people short the debt, or
Speaker 3: all together, they just eliminate the use of the dollar.
Speaker 2: That's the goal.
Speaker 3: Now in some degree that's already happened, or we would
Speaker 3: still get that ninety percentile from nineteen forty six. The
Speaker 3: second thing they're doing is military strategically located basis. This
Speaker 3: is the reason why number of years ago, Trump set
Speaker 3: China represents the greatest risk and the Bricks part of it,
Speaker 3: because China is now moving on Greenland and they're moving
Speaker 3: just like they did the Soviet Union in the early
Speaker 3: sixties with Khrushchev and putting missiles in Cuba. Greenland represents
Speaker 3: it basically, it's an aircraft carrier. Look at Puerto Rico,
Speaker 3: it's an aircraft carrier. Hawaiian islands. These are strategic locations
Speaker 3: to put in military operations.
Speaker 2: Panama Canal.
Speaker 3: Why is he so worried about that, Well, because China,
Speaker 3: which is part of the Bricks, which is intend to
Speaker 3: do to undermine the dollar undermin military, is now controlling
Speaker 3: Panama in violation of the treaty when Carters let Panama
Speaker 3: have the Panama Canal back. So now he's having to
Speaker 3: fight four fronts. He still has Ukraine in Russia, which
Speaker 3: rushes part of Bricks. He still has Hezbollah, Israel and Iran.
Speaker 3: Iran is part of Bricks. He's still got the Panama
Speaker 3: Canal with China, and China is also interfering in Greenland,
Speaker 3: which is part of Bricks, which is the founding member
Speaker 3: so when he says bricks is the biggest threat to
Speaker 3: the national security in the United States, Trump is right.
Speaker 3: He's always going to be proven right, whether it's the
Speaker 3: next day, the next year, or the next decade. The
Speaker 3: guy's as smart as a we have look at the
Speaker 3: sun as at one hundred and seventy IQ. Good looking kid,
Speaker 3: Baron so and all his kids are smart because it
Speaker 3: comes from a good stock.
Speaker 2: Trump knows what he's talking about. Now. In order to
Speaker 2: defeat the bricks, he's gonna have to do one thing.
Speaker 3: In my company, we analyze things every day in real time,
Speaker 3: twenty four to seven.
Speaker 2: We never go to sleep.
Speaker 3: There's always people working around the clock to manage hard
Speaker 3: assets for individuals. Well, that's how Trump's going to have
Speaker 3: to manage bricks. In order to defeat the bricks, he
Speaker 3: can't go head to head. He's going to have to
Speaker 3: find the cracks within the membership. And I think that's
Speaker 3: what's going to happen, is he's going to go to
Speaker 3: the weakest links, cut deals, strategic deals, not just willing
Speaker 3: nearly throw a grenade and see what happens and where
Speaker 3: the casualties are, but more tactical, more surgical.
Speaker 2: I think we'll do is and this is what I
Speaker 2: would do.
Speaker 3: And he's a smart guy, so I think he'll be
Speaker 3: able to relate to this. Find the weakest link within
Speaker 3: an organization that you need to dismantle, subdivide that by
Speaker 3: taking a few pieces off to make the whole weaker
Speaker 3: than what was originally started. And next thing you know,
Speaker 3: the rest will follow suit. They'll want to cut deals,
Speaker 3: They'll want to say, okay, we're back on the dollar,
Speaker 3: going to go ahead and do business with you, and
Speaker 3: all of a sudden that Bricks will be weakened enough
Speaker 3: to where it may actually be dismantled.
Speaker 2: Possibly not.
Speaker 3: Dismantling is a big word, and they're very unified, but
Speaker 3: there is definitely cracks. There's definitely some confusion within the
Speaker 3: Bricks memberships because why you've got a warrior now in
Speaker 3: the White House. You don't have a dementia patient, You've
Speaker 3: got a warrior. Right, They don't like warriors? Why will
Speaker 3: Warriors are tough? Warriors will push back, Warriors will hit back.
Speaker 3: That's what Trump is. He's a warrior.
Speaker 1: And so the most important thing he can do is
Speaker 1: maybe it's Brazil, maybe it's India, the largest country on Earth,
Speaker 1: or maybe it's the UAE because of their fear of
Speaker 1: what's happening in Iran. You can pick off two, three
Speaker 1: or four of them to go back on the dollar,
Speaker 1: and right now the one the Chinese and ten for
Speaker 1: the wand to become the reserve currency. And these nations
Speaker 1: together have a much bigger GDP than the US, but
Speaker 1: they don't have the same military power, and you can
Speaker 1: grab them by the coyones, especially the UAE. So that
Speaker 1: means when UAE or Saudi Arabia age with a Poland
Speaker 1: or Germany, you need some currency. And that has been
Speaker 1: the reserve currency. Right now it is not. And because
Speaker 1: there was such fecklessness the past four years that the
Speaker 1: Bricks and these other seventeen nations got together to use
Speaker 1: a different currency than the dollar, which will trash the
Speaker 1: American economy. Wouldn't it make us look like a great
Speaker 1: depression again in America? If economically the rest of the
Speaker 1: world would use the wand as the reserve currency where
Speaker 1: goods are exchanged instead of the dollar, wouldn't that be
Speaker 1: an unmitigated disaster for US?
Speaker 3: If that happens, the US would have twenty five percent
Speaker 3: interest rates overnight mortgages would be fifteen to twenty percent.
Speaker 3: Real estate would drop by fifty percent in a second.
Speaker 3: Because here's the problem, and you're right, you're absolutely right.
Speaker 3: The digital u won right now is about eighteen percent
Speaker 3: of the world's trans out, whether it's paper or whether
Speaker 3: it's digital, About eighteen percent of the world transactions are now.
Speaker 2: Through the bricks.
Speaker 3: China obviously representing so many population of the whole world
Speaker 3: the planet, so that gives it some kind of a
Speaker 3: little bit stewed their direction, a little bit more of
Speaker 3: a bias, But it doesn't matter. They're still people, They're
Speaker 3: still transacting. So if we lose this reserve status, and
Speaker 3: we are on the verge of losing it, we're down
Speaker 3: to under fifty percent. We're in the forty nine percentile again,
Speaker 3: down from ninety percent and forty six. But what you
Speaker 3: said was profound, he said something very good. If the
Speaker 3: digital u want continues its current growth rate, which is
Speaker 3: exponentially moving very rapidly around the world, especially in wherever
Speaker 3: China has built massive infrastructure deals. The way China started
Speaker 3: to move quickly once they joined the World Trade Organization,
Speaker 3: they were able to move with more efficiency at a
Speaker 3: much rapid pace to be able to get money into
Speaker 3: infrastructure deals within countries by giving them two billion dollar loans.
Speaker 3: They own the country, they basically seize the assets. If
Speaker 3: you can't pay the loan back, don't worry about it.
Speaker 2: We're your new government. You'll do all of these things.
Speaker 3: That's what happened in Panama, It's happened throughout South America,
Speaker 3: It's happened all over Africa. See Schishi Ping comes from
Speaker 3: a long line of leaders whose ultimate goal was to
Speaker 3: create supremacy both in a financial status in a military status.
Speaker 3: And this was back to the eighteen fifty occupation of
Speaker 3: the British in Hong Kong. They said they would never
Speaker 3: allow that to happen again, and they haven't in that sense.
Speaker 3: So if the digital U want continues at its current
Speaker 3: pace of growth, and it is substantial pace of growth,
Speaker 3: which I think we can slow it down. The hard
Speaker 3: part is going to be eliminating it, which could be
Speaker 3: next to impossible. But slow it down and put it
Speaker 3: almost in a quarantine in a box to limit its
Speaker 3: growth or limit its what I consider to be the
Speaker 3: octopus right, it's tentacles to go to the far reaches
Speaker 3: of the world. Bring back Greenland because it's a strategic place.
Speaker 3: China wants a military base there because then they can
Speaker 3: leverage that against the US. They did it in the
Speaker 3: South Sea when they built those islands, which was against
Speaker 3: all international treaties. It was the closest they could get
Speaker 3: to the Hawaiian Islands, which again as an aircraft carrier
Speaker 3: for anybody who has military ideology. And the last part,
Speaker 3: again going back to your question, I'll give you an
Speaker 3: answer at full circle. We are going to move from
Speaker 3: paper currency to digital currency within the next three to
Speaker 3: five years.
Speaker 2: There's no way around it.
Speaker 3: The debt is so bad that mathematically, at the rate
Speaker 3: it's currently.
Speaker 2: Being I call it built.
Speaker 3: Okay, I don't know how much you want to say it,
Speaker 3: but the debt's getting built bigger and bigger every day
Speaker 3: that by twenty twenty nine we're in default mode. There's
Speaker 3: just not enough revenues by the government. You can't tax
Speaker 3: out of it, and you certainly can't create more manufacturing
Speaker 3: jobs enough to eliminate the debt, and the bricks are
Speaker 3: playing off that. That's why Elon Musk came out today
Speaker 3: and said there's no way to cut two tillion dollars
Speaker 3: from the federal budget. You can't do it, and we
Speaker 3: all knew he could. Two hundred billion a year would
Speaker 3: be catastrophe almost with the GDP. So Trump's gonna have
Speaker 3: to go in there and cut deals and divide the
Speaker 3: bricks in order to save the United States.
Speaker 1: Oh, you know, the media in this country simply want
Speaker 1: to attack down Trump, and they kind of snicker and
Speaker 1: laugh about Greenland, about Panama Canal. The Panama Canal is
Speaker 1: managed by the communist red Chinese, and when pavements can't
Speaker 1: be made, they'll take over the canal and they're the
Speaker 1: one managing right now. They have a multi billion dollar
Speaker 1: port they put in Peru, in Peru, for God's sakes,
Speaker 1: and Greenland is being encircled by the Chinese. Whenever media
Speaker 1: reports on Trump wanting to take to take control directly
Speaker 1: or indirectly of Greenland, they just laugh and snicker at
Speaker 1: the guy. And by twenty twenty nine, at the rate
Speaker 1: of borrowing a trillion dollars every one hundred days, we
Speaker 1: do not have the economy, do not have the money
Speaker 1: to keep borrowing money without greatly higher interest rates. And
Speaker 1: when those around the world quit buying our debt, we're
Speaker 1: out of business, in which case the value of assets
Speaker 1: we own and we've cut in half and it will
Speaker 1: take twenty five thirty percent to buy a house, in
Speaker 1: which case the economy crashes, which is exactly what Red
Speaker 1: China wants. They want America to economically collapse. They were
Speaker 1: banking on. Kamala Hair is continuing in the same policies
Speaker 1: for the next four to eight years, and Trump's gonna
Speaker 1: have to be the one to make the case that
Speaker 1: we can't continue in this route. If we do, the
Speaker 1: country's over with because if a currency is worthless, assets
Speaker 1: are worthless, in which case the lines form in front
Speaker 1: of Kroger stores and we're done.
Speaker 2: Do I have that correct?
Speaker 3: As correct and clear as crystal? You say it exactly.
Speaker 3: If the dollars undermine, nobody buys, the debt rate spike,
Speaker 3: everything goes south, everything with the exception of hard assets.
Speaker 3: I'm gonna make a point there are two things that
Speaker 3: are the most clearest barometers of economics.
Speaker 2: No matter what it.
Speaker 3: Is, no matter what the numbers are in the economy,
Speaker 3: no matter who runs the state, whether it's Russia, whether
Speaker 3: it's United States and Canada, it doesn't matter. The two
Speaker 3: barometers you need to focus on. Are follows interest rates
Speaker 3: in bonds. Okay, that's kind of snymis with each other.
Speaker 3: And rates are going up, bonds are going down, treasuries
Speaker 3: because nobody wants the debt. It's not just inflation, it's
Speaker 3: also fear.
Speaker 2: It's fear. Then the other thing is gold.
Speaker 3: See gold goes up twelve to eighteen months prior to
Speaker 3: a catastrophic event. It's done it every single time since
Speaker 3: every cycle since eighteen eighty four. Okay, literally since eighteen
Speaker 3: eighty four. So when you see them move in gold,
Speaker 3: it always comes before when you see them move in bonds.
Speaker 3: In this case, we've got fear of the debt, of
Speaker 3: the underlying value of the dollar, and normally bonds would
Speaker 3: be going.
Speaker 2: Up because of a safe haven. Equity is going down.
Speaker 3: So we know that the bonds are in trouble, equities
Speaker 3: are in trouble, and we certainly know that gold is
Speaker 3: forecasting a tremendous downturn that's coming soon. Because the numbers.
Speaker 2: Math is math.
Speaker 3: Okay, people lie, Math doesn't and that's the way it is.
Speaker 3: So we need to look at this, and yes, China
Speaker 3: is playing off this. There was a gentleman that I
Speaker 3: had the prosure of meeting in China doing business over
Speaker 3: their number of years ago, and he always said, he said,
Speaker 3: we always try to capitalize on the weakness of the enemy.
Speaker 3: This is a tradition for China for thousand years, and
Speaker 3: Sun Shue said it. Actually, so what they're doing now
Speaker 3: is they're trying to expand accelerate because we're at a
Speaker 3: weak point economics, even with Trump coming in.
Speaker 2: Look at the debt. Look at the debt.
Speaker 3: Are you going to pay back thirty seven trillion dollars
Speaker 3: when the revenues of the United States? You can't, it's
Speaker 3: forty a half trillion. You can't do it. It's impossible.
Speaker 3: The chairman of the House Financial Services Committee Congress and
Speaker 3: Warren Davidson, who's incredibly a smart friend, very student about
Speaker 3: this stuff. Yeah, well, him and I have done some
Speaker 3: talks together and we've done some a couple of presentations,
Speaker 3: and we both concurred, you cannot pay the debt down.
Speaker 3: And China knows this, and they're dumping all their treasuries.
Speaker 3: Think about this in twenty ten seconds, thirty seconds, all right,
Speaker 3: ready for this, But twenty ten they had four trillion
Speaker 3: dollars worth of treasuries you know they got today four
Speaker 3: hundred billion, they've reduced it by ninety percent.
Speaker 2: Why they put it all in gold period.
Speaker 1: So let's keep sounding the bell before it's too late,
Speaker 1: because twenty twenty nine is as close to us now
Speaker 1: as twenty twenty one. It's right around the corner. And
Speaker 1: Christian Briggs, you're great about this. The fate of bricks
Speaker 1: and Trump is the guy we have right now to
Speaker 1: save this country. Christian Briggs, thanks again for coming on
Speaker 1: the Bill Cunningham Show, CEO of Hard Asset Management. Let's
Speaker 1: make sure we do it again. Thank you, Christian. All right,
Speaker 1: thank you, my brother, God bless you.
Speaker 2: Thank you.
Speaker 1: All right, let's continue to how about that message? Alright,
Speaker 1: let's continue with more Bill cunning In the Great American
Speaker 1: Live at Showman the Bengals News Radio seven hundred W.
Speaker 2: Elder me