Latest / Financial Survival Network / China, Russia, and the Golden Currency Debate - Yvonne Blaszczyk #6098

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China, Russia, and the Golden Currency Debate - Yvonne Blaszczyk #6098 · Financial Survival Network

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  China is a very very big question mark. Now Russia already announced that Darubo
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  is backed by gold. Many members of bricks are also going to bab the
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  local currency in gold. However, you're absolutely right because to be coordinated effort,
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  one country, one currency will not be able to dominate that kind of
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  trend. You're listening to Carrie Letz's Financial Survival Network, where you get valuable
• 0:25
  information you just can't find anywhere else to thrive in today's trying times. You
• 0:31
  need the Financial Survival Network now more than ever. Go to Financial Survivalnetwork dot
• 0:38
  com and get your free newsletter and gift. Financial Survival Network now more than
• 0:44
  ever, and welcome you are listening to and watching the Financial Survival Network.
• 0:53
  I'm your host, Carrie Lutz, a special guest on Tonight with Us,
• 0:57
  Yvonne Blassak, and you are the successor to our good friend who passed on,
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  Nick baraschef. You're now president and CEO of BMG Group, billion dealer
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  North of the Border, and we're thrilled to have you on. Evan.
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  Welcome and again our condolences for passing with Nick. He was really a great
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  guy, really generous help with the show. Quite a bit in its earlier
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  days. So we're glad you're filling his big shoes there. Thank you very
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  much. I'm very very happy to be on your network and I'm very pleased
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  to continue the tradition. So hey, golda has been in the rage lately.
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  Bitcoins kind of floundering a bit at a high price, mind you,
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  but it still isn't where it was. So well do you see more?
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  What do you think the maximum price gold will be going for in a couple
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  of two three years. Well, I think that gold will probably reach three
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  thousand and can even go much higher. It all depends on the geopolitical chess
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  board. There's a huge, huge, huge factor in rising price of gold,
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  and it has a lot to do not only with the politics, has
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  to do with all different alliances and the toll or the possibility of many local
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  currencies being backed by actual physical gold. Well that'll be the day, you
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  know. My feeling has always been that might be preferable to back your currency
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  by a physical commodity such as gold, silver or whatever, but that it
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  would only be done as a last resort when everything else they try to do
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  to restore the global monetary system fails. It'll be the last choice, not
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  the first choice. Well, it all depends for who. For us in
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  the Western world years, that would be a very sort of a political choice,
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  depending on the circumstances in terps the other things that are happening right now.
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  There's a huge shift from west to east, and there's a huge chay
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  opposition to our current financial systems economic system being brewed on the on the eastern
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  side of the of the of the world, and that will have a significant
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  impact. So the gold itself, as a Christi bas gold is a huge,
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  huge opportunity for gold. I do believe that the gold rises where even
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  go to the level of that Nicholas predicting, which is ten thousand dollars announce.
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  However, when it's very difficult to say because things are happening. The
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  traditional influencer of gold like as you know as interest rates, inflation, the
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  safetya and demand, but the geopolitical conflicts and central back buying is a critical
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  factor. I know what you're saying, it's just an order or you can't
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  just have one country, no matter how big, go on back the car
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  by gold, because absolutely I agree, right all the other ones don't,
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  then they will because bad money chases out good We know that for centuries now,
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  So it's got to be a coordinated thing. And the West is still
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  fifty percent of the global economy thereabouts. Uh, maybe the alliance will fracture.
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  You know, unstable money leads to unstable politics, for sure. And
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  I just think that the world will come together. They'll try some special drawing
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  rights, and they'll try a whole cocktail, they'll try cbdc's and only then
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  when everything fails, will they resort to gold. For the simple reason that,
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  uh, the ability to mint your country's currency is probably the largest power
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  that most governments have over their populace. So once they give up that power,
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  and they'll only do it when they have to, most of their power
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  goes away. And if it's one thing governments love is power over their people.
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  So to just switch to free and honest money, which you and I
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  are both obviously staunch advocates of, they're not just not going to do that.
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  China, they could have all the gold in the world, but the
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  second they say that gold is money, then they lose a large amount of
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  power over their populace, don't they. This is very interesting. China is
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  a very very big question mark. Now, Russia already announced that their ruble
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  is backed by gold. Many members of BRICKS are also going to bather their
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  local currency in gold. However, you're absolutely right, it has to be
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  coordinated effort. One country, one currency will not be able to dominate that
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  kind of trend right now. Currently, you know, the BRICKS countries have
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  about three point seven three point five billion people in the work. They have
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  a with forty five percent of the world population and thirty percent of global economy.
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  So as an alliance, as a group, they are very powerful.
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  Are they coordinated? I have no idea are they are they? You know?
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  Close to that. However, there is something called panic and a public
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  perception, and this is this is a you know what panic is when my
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  kids ask me for money, that's panic. Well, that's like a secret
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  is when you tell one percent at the time. It's the same kind of
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  saying. So, however, all the happenings, all the things that were
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  observed indicate that that all be huge netflax popping up on our current financial system.
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  Our financial system is being weakened, at least perceptually. Therefore, there
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  has to be some cording strategy to enforce it. Well. On another side,
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  I'm in gold, so I'm very happy because this is where one needs
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  to be and gold is the future. And when you really think about that,
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  in the last twenty years, gold increased by four hundred and seventy percent
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  in price in twenty years. In five years or sixty five percent over a
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  year is about you know, each year it has been like from twenty one
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  to thirty five percent in the flatsh is only on a short term basis.
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  So anyone that wants to preserve their wealth, preserve their lifestyle needs to be
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  exposed to gold in some ways pure gold. So this is the kind of
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  a questions that people to understand. You know, many times I speak to
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  people and they say, oh, I know, preserve your wealth. You
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  must be ultra wealthy. Really there, that's not true, And I say
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  what kind of wealth would you like to preserve? Or my home, my
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  house, my car, those things, And of course, you know,
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  then people start thinking a differently. But I think that that what is happening
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  right now is the incredible geopolitical chaos. Alliances popping up all over the place.
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  There'll be trading alliances, economic military alliances, and all those things will
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  create the pressure on currencies and also a huge opportunity for gold. That's what
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  the prices will go up to, something that we cannot dere force right now.
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  I'm being very conservative. Then when I say three thousand dollars, it
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  could be much more, except the speed of it, when it will occur,
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  is going to be critical. Based on almost a monthly geopolitical circumstances,
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  I couldn't agree with you more. And you know, I find it very
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  distressing. There's people that I would consider it to be fairly intelligent, and
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  they are absolutely clueless as to the fragility of the global economic system, in
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  particularly the modelitary system. They just don't get it. You know. I
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  don't know what it's going to take other than the ultimate collapse for them to
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  realize that, yeah, maybe things arts are great here. Huh. Well,
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  you know, most people follow the herd. Most people do not want,
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  you know, living in silos. So all these smart people friend of
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  whne I wrote the book how smart people in groups make their stupidest decisions because
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  they follow each other. It's it's it's a different kind of a Nobody wants
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  to be an outlier in a in a group, but what is happening right
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  now Without a cohesive plan and some kind of a strategic a location of gold
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  in one's economic system, it is like rearranging shares on a Titanic when you're
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  just about to hit the iceberg. It's it's just you know, something that
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  is going to happen one way or the other. So so the typical system
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  is usually everybody may say status quo. Nobody wants to say, oh my
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  god, you know this is going to happen. So that's so you and
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  I are not buying a one way ticket on the Titanic, but the majority
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  of people, we can buy one white ticket, but coming back, we're
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  not getting on it. We're not getting on that. No, no good,
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  it's good. But the majority of people not only do the way a
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  one way, they bought a round trip and they don't realize it's a one
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  way ticket. And that's thing is going to sink and there's not enough lifeboats
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  to go around, and got to save the women and the children first,
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  of course, because that's just the way it works. Although nowadays, nowadays
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  that the Titanic sank, I think a lot more women and kids would be
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  dead and the guys would be that's just the way society is. But our
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  friends, our friends, our relatives, people we care about are all going
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  to sink. Where does that leave us? God? Well, alternative boat,
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  alternative boat next to it. You have to you know, night Yard,
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  I wanted. The interesting part is that it's not only that that that
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  they're sitting on the Titanic. The investing in the Titanic. We're told the
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  buyer and shares after you hit the iceberg, and exactly that's exactly what is
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  happening right now, so that so never mind the passengers there, then you
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  know about the investors. So it is it is very interesting what is happening.
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  And I think I think our very existence, who we are is changing
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  dramatically, is changing faster than we could fastle. Really to really understand that
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  one has do is a broad knowledge based knowledge on everything, history, economy,
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  sociology, politics, find us. Most people don't, so they rely
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  on experts. Experts live is silos. Experts don't want to a as is
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  a breach. Any candle start to schools many times, and those that do
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  that for a variety of different reasons, I couldn't agree with you more.
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  I will conclude with a quote by Jonathan Swift, a phenomenal author you know
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  well, and he said, there's none so blind as those that won't see.
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  And thank you, Yvonne for coming on the show, for helping to
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  at least make the effort to get people to see what is to you and
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  I as obvious as the news on our faces, and yet they refuse to
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  see it. Hey, Yvonne, how do we connect with you? What's
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  the best way to find you on the interwebs? Here the interwebs through our
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  website and BMG group dot com, Bmgsgroup dot com, bmg WWBMG we got
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  it the links in the show notes of this interview on Financial Survival Network dot
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  com. When you're at the site, please go ahead and subscribe to the
• 13:18
  newsletter. It really helps me a lot. Would you believe there's over thirty
• 13:22
  thousand of you out there subscribing to our newsletter. Now. My goal is
• 13:26
  before the end of the year, and certainly before I retire in a few
• 13:28
  years, to get that number to one hundred thousand. Vaught. It's been
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  an absolute pleasure. Thank you so much. We'll talk to you again so
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  and thank you very much for Peggy the pictures for the Blind. Thanks for
• 13:41
  listening to carry Letz's Financial Survival Network, your solution to today's trying times.
• 13:46
  For the latest, go to Financial Survivalnetwork dot com. Financial Survival Network now
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  more than ever,