Latest / Worldview Matters With David Fiorazo / Britt Gillette: Will Tariffs Strengthen US Or Accelerate Global Financial Crisis?

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Britt Gillette: Will Tariffs Strengthen US Or Accelerate Global Financial Crisis? · Worldview Matters With David Fiorazo

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  Welcome to World View Matters, discussing controversial issues, discerning current events,
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  defending biblical Christianity.
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  No topic, off limits.
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  And now, here's your host, David Firazzo.
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  Friends, thank you so much for tuning in and joining us today and we've got our brother
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  Britt Gillette back with us today.
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  I want to send you right to the best site to get all of his information, videos, articles
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  at Britt Gillette.substac.com.
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  You can also, of course, find his end times Bible prophecy page on YouTube and that is
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  ETBP with Britt Gillette.
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  There you go, man.
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  Jeff's right on.
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  You're just always on it.
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  Jeff, I can't stump you ever.
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  Brother, thank you so much for being back on the podcast with us.
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  Oh, it's always great to be here, thanks for having me.
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  Well, you put out some amazing information, very informative, very concerning, and a
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  lot of times I just watch it and my jaw drops, other times my head spins, because when
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  you talk about finances from either a national or a global, or they're an even a personal
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  perspective and what, like one of your videos should Christians buy gold.
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  What's going on with the banking system?
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  So much information to keep up with.
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  That's why I can just ask you and help us to understand we're going to get to the Trump
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  tariffs, but you just did a Q&A, Britt, and you had a lot of people ask you questions.
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  What in your estimation or in your experience are people most concerned about or interested
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  in when it comes to what you cover?
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  Sure.
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  Right now what people are mostly asking about seems to be a lot of prepping topics around
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  should I buy gold, should I buy silver?
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  How should I prepare for whatever may come our way, especially a bank holiday, which
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  is something that we talked about in the past, I've been talking about for about two
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  years now.
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  I think at some point we're going to see that as a result of the global financial system
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  essentially failing and having to reset, as we're at the end of the useful life of the
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  current monetary system we've essentially been on since 1971 when Nixon severed the
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  dollar's convertibility into gold.
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  And so we're getting to the end of this, this is why we see bricks cropping up.
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  We see a lot of countries trying to move away from the dollar or central banks buying gold
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  versus holding US treasuries as their reserve asset choice which they've done in the past.
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  So a lot of the questions I've got stem around what's that going to look like and how do
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  I personally prepare myself and my family for those things because that's not necessarily
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  a tribulation event.
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  So we and Jesus said we'll experience many trials and sorrows in this world but take
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  hard I've overcome the world our trust should be in the Lord but Bible also tells us to
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  prepare prudent twice person sees danger coming and takes action takes precautions and
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  the foolish person doesn't and suffers the consequences.
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  So I think that's where people are what people are most focused on right now.
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  So when you mentioned bank holiday and I know we talked about this on another podcast
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  we did with you.
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  Is that like I think of it's a wonderful life and when there was a run on the bank is
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  is that the kind of thing that happens because this is it we're talking about right now you're
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  talking about a restructuring of a post world war to global financial and military order.
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  Can you explain a little bit about the bank holiday again to refresh our memories?
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  Sure.
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  So the last bank holiday we saw in the United States we've seen them in other parts of
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  the world more recently but in the United States was back in 1933 during the depths of
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  the Great Depression and it was to stop runs on the banking system just like you said what
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  we've seen it's a wonderful life that was happening all across the country.
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  And so the Roosevelt administration shut down the US banking system which meant all the
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  banks were closed you couldn't transact within that banking system.
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  And so that took place over I believe a week and a half and they weren't really sure when
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  they opened back up if they would calm everything down or if they would have more bank runs
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  and the system would fail and it seemed to work seem to restore confidence.
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  So I think we're likely to see something similar happen as a result of failures within
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  the global financial system because it's it's far different today than it was back then
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  with a huge derivatives complex that even the most brilliant minds in the world can't
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  wrap their minds around.
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  I mean Warren Buffett himself has said I can't understand the depth of derivatives within
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  the world and there's estimated to be one to four quadrillion dollars worth of derivatives
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  in the world.
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  And so when you have problems like that crop up then you create something called counter
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  party risk which is where institutions are afraid to lend to one another because they
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  don't know if they're going to get paid back.
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  So we saw something similar happen during the great financial crisis when Lehman brothers
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  failed and we were on the brink of seeing that shutdown until bailouts managed to restore
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  confidence just as we saw in the Great Depression.
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  So the last time we had you on it early think at the end of last year we talked about the
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  global financial crisis leading to the mark of the B system and you picked it up from
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  a perspective of Bible prophecy, biblical prophecy.
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  But you also did a recent video or a program on whether or not the crisis the epic crisis
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  is coming next month.
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  So basically what you're seeing what you're gathering from all the information you're
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  researching is really we don't know but things could go south rather quickly at any time.
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  Is that correct?
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  Sure, that's correct.
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  So that's specific video reference to a Wall Street research firm piece.
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  It was Apollo global asset management and they're saying that based on supply chain issues
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  as a result of the ongoing trade war that we would have mass layoffs in the trucking industry
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  in the retail industry by June unless something dramatically changes soon because it's not
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  necessarily that we're going to have shortages on a widespread scale but what isn't on the
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  shelf to be sold can't be sold and what can't be sold those stores can't make a profit
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  and if it's not coming off of the ship to be taken somewhere while you don't need the
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  trucks to take it somewhere and so there's a number of layoffs coming in the near future
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  unless all of this is resolved very quickly and I'm not sure that that's going to happen.
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  So we'll have to wait and see but long before we saw any sort of trade war we've had these
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  problems coming up within the global economy we have China is locked in the deflationary
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  spiral similar to the Great Depression and has been for several years now and so they're
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  in a period of deflation what we're seeing right now with the trade wars makes that
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  worse for them we're seeing the same thing in the third largest economy in the world
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  Germany we're seeing currency crisis problems in the fourth largest economy in Japan and then
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  the first quarter of this year we had negative growth at least as of right now that's what they've
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  reported they may revise those numbers later but right now we have negative growth in the first
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  quarter in the United States the world's largest economy so the world economy is in depression right
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  now and we'll probably see that acknowledged by the mainstream media sometime in the future
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  usually it lags by about a year before the data catches up and that makes it out into the public
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  space but that's where we stand right now. Well the media is already stoking quite a bit of fear
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  or they're trying to because of the Trump administration policies so let's talk about the tariffs
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  and how much does you mentioned China's predicament I guess or their position they're not as strong
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  as I think obviously they used to be but a lot of people understand how much of this depends on
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  the US dollar and Trump administration tariffs. Well so what what's happening what I believe is
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  happening I believe that the Trump administration is trying to undertake a fundamental
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  reset of the global monetary system. Anyway what's taking place is a restructuring of the post-World
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  War II global and financial and military order so Scott was sent to his president Trump's
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  treasury secretary he said on numerous occasions recently as well as before Trump was elected if
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  you go back in time a year ago he is being interviewed and he said we're going to need a new
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  Bretton Woods agreement for those that don't know that was a meeting that took place in 1944
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  that established the monetary system that in theory we're still on right now where the US dollar
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  was convertible into gold by other nations and other nations pegged their currencies to the dollar
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  and that underpinned a currency so that they weren't fiat currencies they had a value that was
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  related to gold. On 1971 President Nixon ended the convertibility of the dollar into gold
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  by other nations because we were printing a lot of dollars in order to deal with all the social
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  programs of the great society as well as the Vietnam War and we were seeing that gold leave our
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  shores and so we're on the verge of running out of the gold and so that was by executive order that
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  can be reversed by Trump but at the time under that agreement gold was 35 dollars now it's 35
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  hundred if you try to buy actual physical gold there are estimates that say that it's anywhere
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  from 10,000 to 20,000 dollars for an ounce of gold to account for the number of dollars that are
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  in existence today and so you could see Trump restore that reverse that Nixon executive order
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  revalue gold put us back on a gold standard which you know would probably cause a lot of
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  discomfort no matter what happens we're going to see a lot of economic discomfort the question is
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  what happens after that do we return to a path of growth it we could if this is done right if this
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  is handled right and I believe this is why Trump's been talking about a golden age we hear that over
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  and over again he tweeted out very recently I believe it was on on Easter in fact he said that he
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  who has the gold makes the rules so that's why would he put that tweet out it seems cryptic but I
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  think that they've been signaling over and over again that there's a return to a role of some sort
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  for gold in the global monetary system which up until 1971 it always had been for much of human
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  history gold was money there was we didn't carry around these pieces of paper with people's
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  people's pictures on them and said this is money we use gold coins back in the days of Solomon
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  back in the days of Jesus right up until a hundred years ago people were transacting with gold
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  and silver and copper coins and then all of a sudden they convinced us well these pieces of paper
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  are the money right and they've used that to steal from us through inflation and convince people
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  that inflation is just a fact of life but inflation is a relatively new development in the United
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  States we really didn't have it for much of US history that's an important point we really didn't
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  have inflation in the early days of America and that just shows you know greed what greed will do
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  the love of money the root of all kinds of evil by the way when you mentioned whatever he put out
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  about no he who has the most gold sometimes I think he does he trolls the media wants them to focus
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  on something and then he just goes back to whatever he was he was doing him and whoever's advising
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  the president but off topic maybe slightly what what's the deal with Fort Knox what do you think
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  about that will they get in there and find out if we do have gold and abundance or what do you
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  think about Fort Knox if they actually do an audit where we see what's in there the gold will be
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  in there because if they hold an audit not knowing that's bad idea that's not a good idea
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  but they hold an audit and it's not in there that's going to destroy the dollar it's going to
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  destroy the reputation of the United States now we've seen since the November election massive
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  amounts of physical gold coming into the United States from Switzerland from London from around the
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  world and amounts that we have not seen in recent memory I mean just you have to go back decades
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  so again that underpins this idea that the Trump administration is going to somehow re-enter gold
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  back into either backing the dollar backing US treasury debt it remains to be seen exactly what
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  they're going to try to undertake but they're trying to return stability to the dollar
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  and so we'll see what happens in the months ahead but yeah I don't think that this is you know
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  the media likes to think that Trump is flying by the seat of his hands but I think this is all
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  part of a plan that they're trying to roll out I tend to agree with that as well but I'm thankful
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  we have you on Brit Gillette friends you can go follow him on sub-stack or his YouTube channel
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  we've got to take a brief pause we'll break back on world view matters introducing patriot mobile
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  that freedom project academy all right so back to brit Gillette let's dive in a little bit more now
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  with the trump tariffs because the media of course not only can they not be trusted but they put
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  a negative spin on almost anything and i'm not exaggerating we did a show last week
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  we talked about this media research center a survey that they did of almost 900 newscasts
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  and out of those newscasts regarding politics for the trump administration
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  93 percent of them were negative and so that includes on the trump tariffs you know elan musk
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  peathegs at everything else but on the tariffs negative so brit we know people are not informed
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  when it comes to this there's a lot of uncertainty out there start with the basics and walk us
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  through this how these biggest the biggest issues right now seem to be what might happen with
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  the tariffs and a lot of it might depend on what china is going to do or what other nations are
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  going to do but go ahead and walk us through this please for well what we've seen the trump
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  administration do is just raise tariffs across the board and then say they're going to negotiate
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  individually with different country countries and come come to new agreements based on
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  what tariffs would exist between those countries trying to get a more even playing field
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  but ultimately the trump promise is to reassure american manufacturing and being bring prosperity
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  back to the middle class and to do that really requires under pending under underpinning the dollar
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  with some sort of solid foundation again because inflation is what's destroyed the middle class
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  and this offshoring outsourcing of us manufacturing well all of that is a feature of the
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  current system we're on this post 1971 dollar standard that we've had since nixon closed the
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  gold window that's why i said it's highly likely trump is moving toward reversing that executive
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  order and re-entering gold back into the us monetary system that also sets an even playing field
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  when it comes to manufacturing across the globe because other countries they can devalue their
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  currencies they'd be devaluing them to the standard of gold that does not change whatever the however
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  many pieces of paper you print it doesn't change the amount of gold that the united states has
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  or that exist in the world and so this but to do that means that there are fundamental changes
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  that happen in this post world war two global economic and military order because the united states
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  has had benefits from having this monetary system as well one is we can simply print dollars
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  to buy oil and other resources that we need that's given us the ability to project military power
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  across the globe and then that ability to project our military power across the globe is what's
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  underpin the dollar is a fiat currency since it's not backed by anything and given people around
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  the world faith that it's going to retain its value or seeing both of those things break down we're
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  seeing uh for instance we saw uh this role of the world's reserve currency and and the the
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  military the ability to project military power around the globe that was held in the 19th century
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  by the british empire and we heard the sun never sets on the british empire if colonies all over
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  the world the royal navy was considered unmatched by anyone else they insured freedom of
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  navigation of the seas in order to facilitate global trade and as a result the pound was the world's
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  global reserve currency interesting yeah and and they had all all those roles one then was the
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  center of international finance following world war one they lost that role it moved to the united
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  states and we see the united states taking on those same roles with the dollars the world's reserve
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  currency it's you the u.s navy projecting power across the globe and creating freedom of navigation
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  to facilitate world trade where we're seeing they have not been able to do that since december 2023
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  in the red sea we see in the hoothy rebels have basically a drone warfare not necessarily the
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  hoothy warfare but the the emergence of drone warfare has made u.s conventional
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  military capabilities obsolete and so we had a promise back then we're gonna open up the red sea
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  operation prosperity guardian is what they called it and here we are to this day that still has
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  not happened and so that undermines confidence in the dollar and then again that the the dollar we've
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  already had countries moving away from it and so i think trump the trump administration understands
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  all of these things i think they have the people in place to understand this the question is how do
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  we get from where we are now to a better standard a new system with the united states still at
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  the top that's we we don't know that that can be done so we'll we'll have to wait and see how
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  that all plays out but i think that's what they're trying to do there's one way or another
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  the the free market's gonna force this to happen so it might as well be on our terms
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  well what you said it may have been in a different video it makes sense based on what you just
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  explained it makes sense to me you were talking about the trump tariffs and you said it's part of
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  the policy initiative to reshore american manufacturing for both domestic economic reasons as well
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  as national security reasons when you just talked about the red sea that made a lot more sense to
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  me uh went from a national security standpoint is there anything else you want to add before we move on
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  yeah i would say that's again that feeds into it so if you're if you're gonna project military
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  power across the globe and be the world's pre-imminent military power you can't be dependent on a
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  foreign adversary for your military supply chain which right now we are without china's manufacturing
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  capability the us military is in dire straits and so this is a national security issue something like
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  90% of the antibiotics that we receive in the united states are made in china a large portion of
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  our medications that's good um you know rare earth metals and also all sorts of things come from
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  china and it's not easy to simply move those things here overnight but you have to start somewhere
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  and i think that's what the trump administration is doing oh my goodness it's there's so many things
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  i want to ask you because just the medications in in china making them oh how did we get to trust
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  them so much and let back up that question before that um how did it get to the point where we weren't
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  manufacturing our own especially products are not products but equipment for the military that's
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  so important how did we get to this stage now we're kind of i think you already mentioned that you
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  said the love of money is the root of all evil and so it's the love of money it's uh in pursuit of
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  greater profit margins corporations have looked for cheaper labor and cheaper ways to manufacture
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  products outside of the united states and they've been donating to the politicians in
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  washington dc in order to help facilitate that and so they've been working together to outsource all
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  of this to enrich themselves and it's put us in a very precarious situation where we're dependent on
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  antagonistic adversarial nations for some of our most critical supplies so in the last uh
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  four minutes here how does this all tie in to the n times and bible prophecy or how will this
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  well unfortunately i think that we're probably likely to see the greatest financial crisis
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  in history as a result of this monetary reset um it remit i think there's a very low
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  probability that the trump administration will be able to successfully navigate this reset without
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  happening and around the world whether it happens in the united states immediately or not
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  around the world they've already been telling us what their solution is it's central bank digital
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  currencies it's tokenized assets it's digital IDs we're seeing them roll those out some parts of
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  the globe depending on where you live they already have those things but in europe for instance they
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  they're telling us in october so five months there will be a digital year of
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  and they're already attacking crypto currencies that could compete with that
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  there are already restrictions on cash so there's a move globally by politicians and central
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  bankers to get people into a digital monetary system a digital monetary fiat system controlled by
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  the central government that means as we've seen with the canadian truckers and the number of other
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  people that political dissidents could be targeted people who go against the narrative or go against
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  those in power could have their bank accounts frozen they could get shut out of the system
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  and so once we walk into that trap there's no coming back and of course we read about a system just
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  like that in the book of Revelation in chapter 13 verses 16 through 17 we read about the mark of the
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  beast system and while central bank digital currencies and these other digital monetary systems are
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  not in and of themselves the mark of the beast system that comes during the tribulation
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  they're setting the foundation for it and they create a system that is indistinguishable in
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  capability and function from that mark of the beast system so that it'll be waiting there when
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  the antichrist arrives to simply flip a switch and be able to determine who can buy who can sell
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  there it is we ended it with Revelation 13 that's and it's going to happen and one thing we have
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  to remember God is sovereign over all this and I think the natural tendency maybe is to be a little
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  fearful to have some anxiety about the future especially the unknown but we have a God who knows
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  the end from the beginning and on the timeline of eternity here we are in almost midway through
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  2025 and so much could happen but we trust the Lord and we understand a lot of things are supposed
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  to take place no matter who's president no matter who the world leaders are this is a lot of
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  this is biblical isn't it yeah absolutely Jesus said when you begin to see all of these things
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  take place no I'm near right at the door so if anybody listening to this is filled with fear
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  they're upset about this filled with anxiety think of what Jesus said Jesus told us these signs
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  indicate because this isn't the only sign there's numerous other signs we'll see the the nation
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  of Israel exists again for 93% of Christian history there was no nation state of Israel but we
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  take that for granted because for most of it's it's been here a whole lot so we see all of these
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  signs that Jesus and the prophet said would mark the end times and he said when we see those
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  he's coming back amen and that's some of the best news I've heard all day that reminder
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  Brit Gillette dot sub stack dot com brother thank you again for all the hard work and the
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  research you do and appreciate your time thanks for having me you're welcome friends continue to
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  share the podcast it's getting out there we cracked the top fifty on one chart I think it's
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  apple apple podcast so we're moving out lord willing little by little god bless you and as always
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  keep speaking the truth about things that matter