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<v Speaker 1>Bill cunning in the Great America. Of course, economically we

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<v Speaker 1>look for a revitalization when Trump takes office on January

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<v Speaker 1>the twentieth.

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<v Speaker 2>It's going to be a slow haul.

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<v Speaker 1>But one of the great concerns many Americans have and

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<v Speaker 1>many economists have, is something called bricks. Now, you may

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<v Speaker 1>think bricks are something you put on a house, but

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<v Speaker 1>bricks refers to a loose organization of five or six

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<v Speaker 1>great economies Brazil and Russia, India, China, and South Africa,

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<v Speaker 1>and more indicative willingness to join. And this would be

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<v Speaker 1>like a second alternative source of economic strength around the world.

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<v Speaker 1>And it would mean that the American dollar would not

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<v Speaker 1>be a reserve currency, which is a really big deal. Joanan,

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<v Speaker 1>you and I now is Kristin Briggs is the CEO

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<v Speaker 1>of Hard Asset Management. Kristin Briggs. Welcome, I think for

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<v Speaker 1>the first time to the Bill Cunningham Show. And first

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<v Speaker 1>of all, did I set it up correctly that bricks,

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<v Speaker 1>especially with China being involved with Brazil and Russia, India,

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<v Speaker 1>South Africa, is a mortal danger to the economic health

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<v Speaker 1>of the United States of America.

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<v Speaker 3>It's exactly right, And you pose a really good point

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<v Speaker 3>here bricks is trying to undermine the financial stability the

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<v Speaker 3>United States. If it wasn't such a problem, and if

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<v Speaker 3>it wasn't literally on the top of Trump's list, he

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<v Speaker 3>would not have come out in swinging on this one.

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<v Speaker 3>In said one hundred percent tariffs on anybody who undermines

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<v Speaker 3>the US dollar and puts it as second class citizen.

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<v Speaker 3>The thing that you've got to realize is of the

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<v Speaker 3>original five countries, which have strong economics in their own right,

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<v Speaker 3>but together the bricks nations now, which are about seventeen

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<v Speaker 3>countries from the original two thousand and nine at the.

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<v Speaker 2>Gate to today.

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<v Speaker 3>The biggest change, I would say was the UAE United

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<v Speaker 3>Arab Emirates joined, which is seven countries Abu Dhabi and

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<v Speaker 3>Dubai and so forth.

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<v Speaker 2>Has a lot of oil impact. Iran now is part

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<v Speaker 2>of bricks.

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<v Speaker 3>So what you've got here as a position of countries

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<v Speaker 3>that have right now together a forty percent bigger GDP

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<v Speaker 3>than the G seven. When you take out the six

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<v Speaker 3>countries of the G seven, let the United States be standalone.

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<v Speaker 2>They're over double our GDP.

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<v Speaker 3>So Trump knows that it's not just an issue with

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<v Speaker 3>the reserve currency status. It's a national security issue. In fact,

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<v Speaker 3>in a recent conversation I have with one of the

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<v Speaker 3>leading House members, chairman of one of the committees is

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<v Speaker 3>Point Planning, which he's going to have dinner with Trump

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<v Speaker 3>this weekend, said, if there's any one thing that you

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<v Speaker 3>can destabilize a country, destroy the currency, and then there's

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<v Speaker 3>nothing left of the country, because that is the bedrock

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<v Speaker 3>of the financial system. Bricks have made no bones about it.

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<v Speaker 3>Their goal is to undermine debates and decouple the dollar

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<v Speaker 3>from oil and commodity trading as fast as they can,

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<v Speaker 3>so that way, our interest rates will skyrocket because goble

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<v Speaker 3>by our debt. Why well, the debt's based in dollars.

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<v Speaker 3>Look what's happening over the last year or so. It's

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<v Speaker 3>not inflation that's always running up these rates. It's the

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<v Speaker 3>unwillingness of countries right now to buy our debt.

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<v Speaker 2>That's your problem. And that's what Bridge is trying to do.

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<v Speaker 1>Explain reserve currency. My producer may not fully understand it, though.

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<v Speaker 1>If the world trade is funded and fueled and layered

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<v Speaker 1>with the US dollar, the US dollar has great value. If,

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<v Speaker 1>on the other hand, some other currency like the wand

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<v Speaker 1>from China is going to be the reserve currency. Then

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<v Speaker 1>we're in trouble, big trouble. In fact, we've done a

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<v Speaker 1>lot of this to ourselves because of our debt and deficit.

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<v Speaker 1>But explain to the American people what is reserve currency

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<v Speaker 1>and how does that impact someone living in ames Iowa?

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<v Speaker 2>Well?

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<v Speaker 3>Good, well what you said Iowa. I have relatives and

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<v Speaker 3>aims as well as alarel in Iowa. So that's good, yeah,

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<v Speaker 3>all of Iowa. Well, let's talk about what reserve currency means.

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<v Speaker 3>First of all, when a country determines its asset base

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<v Speaker 3>or asset classes, it's going to have a number of

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<v Speaker 3>fundamental things.

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<v Speaker 2>Is going to strategically put.

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<v Speaker 3>In gold, silver, oil, and currency, currency being the liquid

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<v Speaker 3>portion of all of those, Okay, the most liquid. So

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<v Speaker 3>when you look at reserve currency, we are now from

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<v Speaker 3>nineteen forty six, when ninety percent of the world transacted

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<v Speaker 3>only in dollars and it was the number one reserve currency.

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<v Speaker 2>Let me tell you where we're at today. We are

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<v Speaker 2>now number six.

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<v Speaker 3>In reserve asset we're number one, but we've dropped from

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<v Speaker 3>ninety percent to forty nine percent in daily transactions with

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<v Speaker 3>the dollar. We're still number one because in nineteen forty six,

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<v Speaker 3>there is a plethora of localized currencies out there that

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<v Speaker 3>have subsequently been made to be their their number one

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<v Speaker 3>go to sales transactional asset, which you know people think, oh,

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<v Speaker 3>it's going to be crypto one day.

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<v Speaker 2>It will not be crypto like in the sense what

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<v Speaker 2>we have today.

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<v Speaker 3>It's going to always be a localized currency, whether it's

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<v Speaker 3>digital or in payper form.

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<v Speaker 2>What we're looking.

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<v Speaker 3>At is losing the number one position in daily transactions.

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<v Speaker 3>If we lose that, that means demand is shifting to

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<v Speaker 3>other currencies, which it has since nineteen forty six. The

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<v Speaker 3>scary thing is, and Trump knows this is the number

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<v Speaker 3>one national security rescue. Like I said earlier, it's number

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<v Speaker 3>one with him right now. Because here's what the bricks represent.

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<v Speaker 3>The bricks have two purposes. One's a coalition to bring

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<v Speaker 3>financial instability to the United States, to create doubts so

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<v Speaker 3>people stop buying the debt, people short the debt, or

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<v Speaker 3>all together, they just eliminate the use of the dollar.

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<v Speaker 2>That's the goal.

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<v Speaker 3>Now in some degree that's already happened, or we would

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<v Speaker 3>still get that ninety percentile from nineteen forty six. The

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<v Speaker 3>second thing they're doing is military strategically located basis. This

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<v Speaker 3>is the reason why number of years ago, Trump set

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<v Speaker 3>China represents the greatest risk and the Bricks part of it,

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<v Speaker 3>because China is now moving on Greenland and they're moving

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<v Speaker 3>just like they did the Soviet Union in the early

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<v Speaker 3>sixties with Khrushchev and putting missiles in Cuba. Greenland represents

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<v Speaker 3>it basically, it's an aircraft carrier. Look at Puerto Rico,

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<v Speaker 3>it's an aircraft carrier. Hawaiian islands. These are strategic locations

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<v Speaker 3>to put in military operations.

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<v Speaker 2>Panama Canal.

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<v Speaker 3>Why is he so worried about that, Well, because China,

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<v Speaker 3>which is part of the Bricks, which is intend to

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<v Speaker 3>do to undermine the dollar undermin military, is now controlling

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<v Speaker 3>Panama in violation of the treaty when Carters let Panama

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<v Speaker 3>have the Panama Canal back. So now he's having to

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<v Speaker 3>fight four fronts. He still has Ukraine in Russia, which

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<v Speaker 3>rushes part of Bricks. He still has Hezbollah, Israel and Iran.

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<v Speaker 3>Iran is part of Bricks. He's still got the Panama

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<v Speaker 3>Canal with China, and China is also interfering in Greenland,

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<v Speaker 3>which is part of Bricks, which is the founding member

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<v Speaker 3>so when he says bricks is the biggest threat to

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<v Speaker 3>the national security in the United States, Trump is right.

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<v Speaker 3>He's always going to be proven right, whether it's the

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<v Speaker 3>next day, the next year, or the next decade. The

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<v Speaker 3>guy's as smart as a we have look at the

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<v Speaker 3>sun as at one hundred and seventy IQ. Good looking kid,

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<v Speaker 3>Baron so and all his kids are smart because it

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<v Speaker 3>comes from a good stock.

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<v Speaker 2>Trump knows what he's talking about. Now. In order to

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<v Speaker 2>defeat the bricks, he's gonna have to do one thing.

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<v Speaker 3>In my company, we analyze things every day in real time,

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<v Speaker 3>twenty four to seven.

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<v Speaker 2>We never go to sleep.

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<v Speaker 3>There's always people working around the clock to manage hard

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<v Speaker 3>assets for individuals. Well, that's how Trump's going to have

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<v Speaker 3>to manage bricks. In order to defeat the bricks, he

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<v Speaker 3>can't go head to head. He's going to have to

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<v Speaker 3>find the cracks within the membership. And I think that's

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<v Speaker 3>what's going to happen, is he's going to go to

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<v Speaker 3>the weakest links, cut deals, strategic deals, not just willing

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<v Speaker 3>nearly throw a grenade and see what happens and where

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<v Speaker 3>the casualties are, but more tactical, more surgical.

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<v Speaker 2>I think we'll do is and this is what I

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<v Speaker 2>would do.

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<v Speaker 3>And he's a smart guy, so I think he'll be

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<v Speaker 3>able to relate to this. Find the weakest link within

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<v Speaker 3>an organization that you need to dismantle, subdivide that by

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<v Speaker 3>taking a few pieces off to make the whole weaker

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<v Speaker 3>than what was originally started. And next thing you know,

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<v Speaker 3>the rest will follow suit. They'll want to cut deals,

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<v Speaker 3>They'll want to say, okay, we're back on the dollar,

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<v Speaker 3>going to go ahead and do business with you, and

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<v Speaker 3>all of a sudden that Bricks will be weakened enough

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<v Speaker 3>to where it may actually be dismantled.

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<v Speaker 2>Possibly not.

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<v Speaker 3>Dismantling is a big word, and they're very unified, but

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<v Speaker 3>there is definitely cracks. There's definitely some confusion within the

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<v Speaker 3>Bricks memberships because why you've got a warrior now in

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<v Speaker 3>the White House. You don't have a dementia patient, You've

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<v Speaker 3>got a warrior. Right, They don't like warriors? Why will

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<v Speaker 3>Warriors are tough? Warriors will push back, Warriors will hit back.

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<v Speaker 3>That's what Trump is. He's a warrior.

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<v Speaker 1>And so the most important thing he can do is

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<v Speaker 1>maybe it's Brazil, maybe it's India, the largest country on Earth,

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<v Speaker 1>or maybe it's the UAE because of their fear of

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<v Speaker 1>what's happening in Iran. You can pick off two, three

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<v Speaker 1>or four of them to go back on the dollar,

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<v Speaker 1>and right now the one the Chinese and ten for

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<v Speaker 1>the wand to become the reserve currency. And these nations

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<v Speaker 1>together have a much bigger GDP than the US, but

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<v Speaker 1>they don't have the same military power, and you can

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<v Speaker 1>grab them by the coyones, especially the UAE. So that

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<v Speaker 1>means when UAE or Saudi Arabia age with a Poland

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<v Speaker 1>or Germany, you need some currency. And that has been

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<v Speaker 1>the reserve currency. Right now it is not. And because

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<v Speaker 1>there was such fecklessness the past four years that the

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<v Speaker 1>Bricks and these other seventeen nations got together to use

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<v Speaker 1>a different currency than the dollar, which will trash the

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<v Speaker 1>American economy. Wouldn't it make us look like a great

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<v Speaker 1>depression again in America? If economically the rest of the

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<v Speaker 1>world would use the wand as the reserve currency where

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<v Speaker 1>goods are exchanged instead of the dollar, wouldn't that be

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<v Speaker 1>an unmitigated disaster for US?

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<v Speaker 3>If that happens, the US would have twenty five percent

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<v Speaker 3>interest rates overnight mortgages would be fifteen to twenty percent.

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<v Speaker 3>Real estate would drop by fifty percent in a second.

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<v Speaker 3>Because here's the problem, and you're right, you're absolutely right.

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<v Speaker 3>The digital u won right now is about eighteen percent

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<v Speaker 3>of the world's trans out, whether it's paper or whether

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<v Speaker 3>it's digital, About eighteen percent of the world transactions are now.

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<v Speaker 2>Through the bricks.

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<v Speaker 3>China obviously representing so many population of the whole world

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<v Speaker 3>the planet, so that gives it some kind of a

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<v Speaker 3>little bit stewed their direction, a little bit more of

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<v Speaker 3>a bias, But it doesn't matter. They're still people, They're

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<v Speaker 3>still transacting. So if we lose this reserve status, and

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<v Speaker 3>we are on the verge of losing it, we're down

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<v Speaker 3>to under fifty percent. We're in the forty nine percentile again,

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<v Speaker 3>down from ninety percent and forty six. But what you

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<v Speaker 3>said was profound, he said something very good. If the

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<v Speaker 3>digital u want continues its current growth rate, which is

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<v Speaker 3>exponentially moving very rapidly around the world, especially in wherever

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<v Speaker 3>China has built massive infrastructure deals. The way China started

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<v Speaker 3>to move quickly once they joined the World Trade Organization,

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<v Speaker 3>they were able to move with more efficiency at a

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<v Speaker 3>much rapid pace to be able to get money into

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<v Speaker 3>infrastructure deals within countries by giving them two billion dollar loans.

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<v Speaker 3>They own the country, they basically seize the assets. If

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<v Speaker 3>you can't pay the loan back, don't worry about it.

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<v Speaker 2>We're your new government. You'll do all of these things.

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<v Speaker 3>That's what happened in Panama, It's happened throughout South America,

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<v Speaker 3>It's happened all over Africa. See Schishi Ping comes from

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<v Speaker 3>a long line of leaders whose ultimate goal was to

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<v Speaker 3>create supremacy both in a financial status in a military status.

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<v Speaker 3>And this was back to the eighteen fifty occupation of

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<v Speaker 3>the British in Hong Kong. They said they would never

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<v Speaker 3>allow that to happen again, and they haven't in that sense.

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<v Speaker 3>So if the digital U want continues at its current

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<v Speaker 3>pace of growth, and it is substantial pace of growth,

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<v Speaker 3>which I think we can slow it down. The hard

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<v Speaker 3>part is going to be eliminating it, which could be

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<v Speaker 3>next to impossible. But slow it down and put it

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<v Speaker 3>almost in a quarantine in a box to limit its

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<v Speaker 3>growth or limit its what I consider to be the

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<v Speaker 3>octopus right, it's tentacles to go to the far reaches

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<v Speaker 3>of the world. Bring back Greenland because it's a strategic place.

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<v Speaker 3>China wants a military base there because then they can

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<v Speaker 3>leverage that against the US. They did it in the

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<v Speaker 3>South Sea when they built those islands, which was against

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<v Speaker 3>all international treaties. It was the closest they could get

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<v Speaker 3>to the Hawaiian Islands, which again as an aircraft carrier

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<v Speaker 3>for anybody who has military ideology. And the last part,

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<v Speaker 3>again going back to your question, I'll give you an

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<v Speaker 3>answer at full circle. We are going to move from

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<v Speaker 3>paper currency to digital currency within the next three to

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<v Speaker 3>five years.

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<v Speaker 2>There's no way around it.

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<v Speaker 3>The debt is so bad that mathematically, at the rate

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<v Speaker 3>it's currently.

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<v Speaker 2>Being I call it built.

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<v Speaker 3>Okay, I don't know how much you want to say it,

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<v Speaker 3>but the debt's getting built bigger and bigger every day

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<v Speaker 3>that by twenty twenty nine we're in default mode. There's

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<v Speaker 3>just not enough revenues by the government. You can't tax

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<v Speaker 3>out of it, and you certainly can't create more manufacturing

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<v Speaker 3>jobs enough to eliminate the debt, and the bricks are

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<v Speaker 3>playing off that. That's why Elon Musk came out today

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<v Speaker 3>and said there's no way to cut two tillion dollars

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<v Speaker 3>from the federal budget. You can't do it, and we

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<v Speaker 3>all knew he could. Two hundred billion a year would

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<v Speaker 3>be catastrophe almost with the GDP. So Trump's gonna have

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<v Speaker 3>to go in there and cut deals and divide the

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<v Speaker 3>bricks in order to save the United States.

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<v Speaker 1>Oh, you know, the media in this country simply want

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<v Speaker 1>to attack down Trump, and they kind of snicker and

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<v Speaker 1>laugh about Greenland, about Panama Canal. The Panama Canal is

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<v Speaker 1>managed by the communist red Chinese, and when pavements can't

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<v Speaker 1>be made, they'll take over the canal and they're the

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<v Speaker 1>one managing right now. They have a multi billion dollar

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<v Speaker 1>port they put in Peru, in Peru, for God's sakes,

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<v Speaker 1>and Greenland is being encircled by the Chinese. Whenever media

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<v Speaker 1>reports on Trump wanting to take to take control directly

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<v Speaker 1>or indirectly of Greenland, they just laugh and snicker at

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<v Speaker 1>the guy. And by twenty twenty nine, at the rate

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<v Speaker 1>of borrowing a trillion dollars every one hundred days, we

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<v Speaker 1>do not have the economy, do not have the money

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<v Speaker 1>to keep borrowing money without greatly higher interest rates. And

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<v Speaker 1>when those around the world quit buying our debt, we're

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<v Speaker 1>out of business, in which case the value of assets

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<v Speaker 1>we own and we've cut in half and it will

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<v Speaker 1>take twenty five thirty percent to buy a house, in

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<v Speaker 1>which case the economy crashes, which is exactly what Red

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<v Speaker 1>China wants. They want America to economically collapse. They were

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<v Speaker 1>banking on. Kamala Hair is continuing in the same policies

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<v Speaker 1>for the next four to eight years, and Trump's gonna

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<v Speaker 1>have to be the one to make the case that

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<v Speaker 1>we can't continue in this route. If we do, the

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<v Speaker 1>country's over with because if a currency is worthless, assets

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<v Speaker 1>are worthless, in which case the lines form in front

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<v Speaker 1>of Kroger stores and we're done.

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<v Speaker 2>Do I have that correct?

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<v Speaker 3>As correct and clear as crystal? You say it exactly.

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<v Speaker 3>If the dollars undermine, nobody buys, the debt rate spike,

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<v Speaker 3>everything goes south, everything with the exception of hard assets.

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<v Speaker 3>I'm gonna make a point there are two things that

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<v Speaker 3>are the most clearest barometers of economics.

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<v Speaker 2>No matter what it.

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<v Speaker 3>Is, no matter what the numbers are in the economy,

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<v Speaker 3>no matter who runs the state, whether it's Russia, whether

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<v Speaker 3>it's United States and Canada, it doesn't matter. The two

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<v Speaker 3>barometers you need to focus on. Are follows interest rates

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<v Speaker 3>in bonds. Okay, that's kind of snymis with each other.

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<v Speaker 3>And rates are going up, bonds are going down, treasuries

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<v Speaker 3>because nobody wants the debt. It's not just inflation, it's

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<v Speaker 3>also fear.

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<v Speaker 2>It's fear. Then the other thing is gold.

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<v Speaker 3>See gold goes up twelve to eighteen months prior to

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<v Speaker 3>a catastrophic event. It's done it every single time since

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<v Speaker 3>every cycle since eighteen eighty four. Okay, literally since eighteen

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<v Speaker 3>eighty four. So when you see them move in gold,

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<v Speaker 3>it always comes before when you see them move in bonds.

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<v Speaker 3>In this case, we've got fear of the debt, of

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<v Speaker 3>the underlying value of the dollar, and normally bonds would

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<v Speaker 3>be going.

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<v Speaker 2>Up because of a safe haven. Equity is going down.

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<v Speaker 3>So we know that the bonds are in trouble, equities

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<v Speaker 3>are in trouble, and we certainly know that gold is

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<v Speaker 3>forecasting a tremendous downturn that's coming soon. Because the numbers.

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<v Speaker 2>Math is math.

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<v Speaker 3>Okay, people lie, Math doesn't and that's the way it is.

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<v Speaker 3>So we need to look at this, and yes, China

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<v Speaker 3>is playing off this. There was a gentleman that I

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<v Speaker 3>had the prosure of meeting in China doing business over

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<v Speaker 3>their number of years ago, and he always said, he said,

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<v Speaker 3>we always try to capitalize on the weakness of the enemy.

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<v Speaker 3>This is a tradition for China for thousand years, and

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<v Speaker 3>Sun Shue said it. Actually, so what they're doing now

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<v Speaker 3>is they're trying to expand accelerate because we're at a

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<v Speaker 3>weak point economics, even with Trump coming in.

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<v Speaker 2>Look at the debt. Look at the debt.

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<v Speaker 3>Are you going to pay back thirty seven trillion dollars

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<v Speaker 3>when the revenues of the United States? You can't, it's

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<v Speaker 3>forty a half trillion. You can't do it. It's impossible.

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<v Speaker 3>The chairman of the House Financial Services Committee Congress and

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<v Speaker 3>Warren Davidson, who's incredibly a smart friend, very student about

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<v Speaker 3>this stuff. Yeah, well, him and I have done some

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<v Speaker 3>talks together and we've done some a couple of presentations,

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<v Speaker 3>and we both concurred, you cannot pay the debt down.

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<v Speaker 3>And China knows this, and they're dumping all their treasuries.

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<v Speaker 3>Think about this in twenty ten seconds, thirty seconds, all right,

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<v Speaker 3>ready for this, But twenty ten they had four trillion

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<v Speaker 3>dollars worth of treasuries you know they got today four

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<v Speaker 3>hundred billion, they've reduced it by ninety percent.

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<v Speaker 2>Why they put it all in gold period.

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<v Speaker 1>So let's keep sounding the bell before it's too late,

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<v Speaker 1>because twenty twenty nine is as close to us now

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<v Speaker 1>as twenty twenty one. It's right around the corner. And

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<v Speaker 1>Christian Briggs, you're great about this. The fate of bricks

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<v Speaker 1>and Trump is the guy we have right now to

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<v Speaker 1>save this country. Christian Briggs, thanks again for coming on

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<v Speaker 1>the Bill Cunningham Show, CEO of Hard Asset Management. Let's

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<v Speaker 1>make sure we do it again. Thank you, Christian. All right,

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<v Speaker 1>thank you, my brother, God bless you.

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<v Speaker 2>Thank you.

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<v Speaker 1>All right, let's continue to how about that message? Alright,

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<v Speaker 1>let's continue with more Bill cunning In the Great American

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<v Speaker 1>Live at Showman the Bengals News Radio seven hundred W.

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<v Speaker 2>Elder me