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The secret digital dollar plan that could control your money by 2031 · Cultural Wars | America Out Loud News

• 0:00
  Broadcasting around the world.
• 0:02
  This is on the record with Christian Briggs.
• 0:05
  Serious talk about what's happening around the world and how it affects you.
• 0:09
  Unfiltered truth for a world on edge.
• 0:13
  Follow us on X at BMC underscore H AM live in three, two, one.
• 0:22
  What is it?
• 0:23
  The World Economic Forum, the BEF 2030 Master Plan, which started right after we went off the gold standard in 71.
• 0:29
  This is this is communism and it's the 2030 agenda all wrapped up in a bow.
• 0:33
  I mean, we've got politicians that for no other reason on the Democratic side, Elizabeth Warren, Senator Elizabeth Warren, Senator Chuck Schumer, uh Hakeem Jeffries and the House have determined that it's best suited that the United States and the citizens thereof have a centralized digital currency.
• 0:52
  So this way that they control the the whereabouts and the go-abouts and the do's and the don'ts of your of your wallet, it's your money.
• 1:00
  They got this put into this uh House Budget Act and they got it through.
• 1:04
  So the central bank digital currency has been built for a number of years, certainly in a programmable sense.
• 1:08
  So if you go and realize that the FedNow.com, that was the gateway to bring all the banks, all the clients and customers and all of their business activities in the commercial space onto the Federal Reserves platform.
• 1:23
  And then that's how they were going to then garner all of that.
• 1:25
  Because if you look at the numbers on this area, think about this.
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  99% of America's economic output is by small businesses, 500 employees or less.
• 1:34
  Only 1% of our GDP is large-scale corporations.
• 1:37
  Okay.
• 1:38
  So if they take the commercial application of a CBDC, which they knew and they told Congress this three or four years ago during the Biden administration, that they had the right to make a commercial central bank digital currency, bank to bank and for commercial accounts.
• 1:52
  Well, if you're gonna create a commercial account, you're pretty much gonna get everybody somehow, because everyone has a commercial account to some degree, even if you're a sole proprietor, you've got a commercial account.
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  So they knew they couldn't make a retail, a retail CBDC, a digital dollar.
• 2:05
  So they said, we'll do commercial.
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  And Powell even gave testimony in front of Congress and the Senate that says he may not have the authority under the retail application of one, but he knew he had the authority under commercial, at least he suspected he did, so he moved forward with it.
• 2:20
  Lo and behold, Trump came out in January 23rd of 24 and said, No, we're not doing this.
• 2:26
  Um, yeah, when you got in office 25.
• 2:30
  So January 23rd of 2025, he signed an executive order that said no CBDC will be made, will be allowed to be made by the Federal Reserve.
• 2:39
  Well, Powell just kept moving forward with it because he keeps not recognize that that executive order would hamper the Federal Reserve from making a commercialized version of it for commercial accounts and bank to bank.
• 2:52
  And so they kept moving forward.
• 2:53
  Somehow, Elizabeth Warren convinced many people to be able to include this language, which mandates a central bank essential, a central bank digital currency on January 1st of 31.
• 3:06
  It mandates it.
• 3:08
  So the the uh the sunset clause, which was an indefinite um on the CBDC has now been removed.
• 3:15
  So we are now moving forward.
• 3:17
  So they're gonna continue to progressively make this thing and globalize it.
• 3:20
  And I'm sure they're gonna have it integrated into all the other different types of platforms that uh do stable coins on a centralized ledger called the DHL distributed ledger.
• 3:30
  And so think about this for a second, they're tokenizing even just two days ago, okay, 48 hours ago, the SEC says that at some point in the very near future, all equities will be tokenized.
• 3:39
  They'll be centralized into a digital ledger.
• 3:42
  You will not own those those assets.
• 3:44
  You will have allowance to utilize those and have access to them.
• 3:48
  But once they centralize these things, where they're gonna do real estate, bonds, equities, and they're even looking at have you seen how much how fast bullion is being tokenized, gold and silver are being tokenized at an unprecedented rate.
• 4:01
  The only few things that aren't being tokenized are the worlds of collectibles, but they're doing the cat, the cash will be gone.
• 4:07
  I mean, next two to three years, both in Europe and in the North America and parts of South Africa, uh, you know, because it's part of the BRICS Nations.
• 4:15
  China's aggressively moving with their C B D C for the BRICS Nation.
• 4:18
  So South Africa is kind of leading the procession there.
• 4:20
  And then of course, Brazil in South America is moving forward.
• 4:24
  We have 98% of the world right now is in either pilot uh development pilot or full launch mode for C B D C and we became the the last, pretty much the last link in the chain.
• 4:36
  If we lose 28, the White House, the executive branch in 28, it won't matter whether it's 2030 or 2031, it's over because executive orders will could actually expedite, shorten the length of time of deployment for the C BDC because Carrie, it's done.
• 4:49
  It's already it's just waiting there.
• 4:51
  Now they may continue to upgrade it based on the technology evolution that we see, but make no mistake about it.
• 4:56
  It's built, been built for about two years now.
• 4:59
  So European Union has already approved their moving forward.
• 5:04
  They'll have the final ratification in April of this year for the e-euro.
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  That's a central bank digital currency.
• 5:10
  So on December 24th of just this past year, 25, they move forward with an approval process that would all but guarantee its approval in April.
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  And also on top of that, here's what they did.
• 5:20
  They did three really nefarious things.
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  Okay.
• 5:22
  One, they adopted on December 24th to 25 for all all attempts and purposes, the framework of the Euros, and kind of the exploits of the timetables and what it's going to do and how it's going to do it.
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  They're sooner, they're a year ahead of us.
• 5:36
  They want to, they want to get ahead of us in order so they could be communists first.
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  I mean, it's like you're a battle between Stalin and Lenin here, you know, who's going to be the first Soviet.
• 5:44
  And so they move forward with that that adoption.
• 5:46
  So that ratification will happen, uh, which is really the adoption of the of the amendment of the approval to move forward with it April of 26, which is this in a month.
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  Okay.
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  Number two, what they did was they limited private crypto ownership to just 10,000 euros.
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  Now let me explain that.
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  Private crypto runs on a decentralized system where you can buy and sell with anonymity.
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  You don't have roadblocks by people looking at you.
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  So where you might have a million dollars in private crypto here or even in Europe, might have 250,000 Bitcoin, 50,000 Ethereum, or you have a host of others, you'll have to sell that before the end of 26 is over, and they're going to limit you to just 10,000 euros.
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  That's how they're getting rid of private crypto.
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  So you that's like cash.
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  That's the digital cash.
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  So that's that's two things they did.
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  The adoption of the of the C BDC in general and the limitations on private crypto.
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  But here's the third thing.
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  If you go to England or in or anywhere in Europe and you want to do more than buy or sell, and when other words deposit or withdraw more than 2,000 euros or 2,000 pounds in every 30-day period, you have to have permission now.
• 6:54
  Permission.
• 6:55
  Okay.
• 6:56
  So let's say you want to spend a thousand euros on something.
• 6:59
  Okay, fine.
• 7:00
  But if it's over a thousand euros, they're they're starting to frown on that.
• 7:04
  And if it's a certain limit, I think it's 5,000 years or 10.
• 7:07
  You got to get permission, and that's if you already have it in cash and you want to do a cash transaction.
• 7:12
  So they're making it to where you won't want to do it.
• 7:14
  Now there it's kind of like, okay, you could do it.
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  We're watching you.
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  Do you really want to do it?
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  And you're kind of like gunshot.
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  So that was the third thing they did.
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  So the elimination of freedom and privacy and anonymity in any kind of a transaction is now starting to become foregone conclusion.
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  It's it's gone.
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  Like it's going to get wiped out.
• 7:35
  So this will be probably the last year of what's been going on for 5,000 years.
• 7:41
  Yep.
• 7:41
  Yeah.
• 7:42
  There's there's just really going to be everything's going to be done with uh with some sort of a hard asset collectible that that foregoes the requirements of either registration or disclosures or or some type of nefarious ways of which the governments will try to seize every opportunity to get you to determine where your wealth is.
• 8:03
  Could be both.
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  Sometimes the newly minted stuff is very collectible.
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  So it kind of goes on, it doesn't go under like a bullion product.
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  Like let's say it's uh American uh platinum eagle.
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  Some of these things have brought tens and tens of thousands of dollars.
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  In fact, they they do it all the time, whether it's a 10, ounce or two and one ounce, they become collectibles.
• 8:19
  Well, the way the IRS classifies a collectible is where the value of that asset is has a far greater value on the intrinsic level than let's say it's precious metal value.
• 8:29
  And then of course you have old coins, which are fast becoming very popular and they have been for 30 or 40 years as a way to what to like art or rare cars, rare coins.
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  And then just the other day on Bloomberg, there was a whole story on uh collector cars, you know, rare cars have skyrocketed this year in value.
• 8:47
  Sure.
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  So and and right behind that is modern art, right behind that is rare coins.
• 8:51
  Right.
• 8:52
  And what you're seeing is a dynamic shift among the very wealthy, they see what's coming.
• 8:56
  I mean, they're the ones who help pay for sometimes this stuff.
• 8:58
  They may write the system, they may be part of the system, but they're not gonna behold to the system.
• 9:03
  That's how these Democrats work, or that's how these bad actors work in various positions of authority.
• 9:08
  No question.
• 9:08
  Yeah, you just got to look at things that are a little bit more.
• 9:11
  I've said this before.
• 9:12
  Okay, it's okay to pay an extra five or 10 or 15% for something that gives you without question the opportunity to have what I consider to be anonymity.
• 9:20
  Also not have to worry about whether it's reclassified as a bullion product or a collectible because collectibles have a lot of leeway under the IRS tax code.
• 9:29
  They have a tax deferment because it's called like like trading, you know, like like trade, and I call it the in-like trading.
• 9:35
  And so when you had that, like a 1031 exchange or something of that in real estate did or does, you have the same opportunity in collectibles.
• 9:41
  Uh, the IRS looks at bully, plus there's uh still a registration um requirement, 1099 has to be generated for certain bullion products.
• 9:50
  Those are without question, you can't get around that.
• 9:52
  So if you can kind of maybe mitigate around those type of products or circumvent those and go for other things that if you're looking for gold.
• 10:00
  Silver, platinum, whatever those combinations, there are ways in which to own it, buy and sell it.
• 10:05
  And in some cases, depending upon how it's structured, and in other words, the type of product it is, it can be uh deferred through through like trading, like trading cards, and you've got comic books, you got rare coins.
• 10:16
  It all falls under this collectibles that the IRS has clearly stated, and for 50, 60, 70 years on the tax code, they've never touched that section.
• 10:25
  That tells you something right there.
• 10:26
  There might be a lot of collectors in DC.
• 10:29
  Yeah, we've we've never seen this kind of demand for the I call it the collectibles.
• 10:34
  And let's just say we've never seen this level of demand, even from middle class people that are starting to understand that I've said this before the the revelation is being fulfilled every day.
• 10:44
  Where gold is is uh a key backstop for currency, and it's goes from cash to digital, and we're gonna see the transformation of gold start to back digital currency around the world.
• 10:55
  You're gonna have 100% digital currency in the next three to four years around the world, five years, even in the in the in the more underdeveloped countries because it they're gonna have to to transact, it's just the way it is.
• 11:05
  Revelations will be fulfilled, okay?
• 11:07
  It doesn't mean we have to always adhere to some of the consequences of of that type of ideology.
• 11:13
  But at the end of the day, when you're looking at what's going to be needed to be able to even keep all this digital world alive and to be going and on an ongoing basis, you're gonna need energy, and I mean lots of it.
• 11:26
  Nuclear energy is the only type of energy that has the capacity and the consistency to be able to run the world's data centers with AI intelligence software built on it, and then the next generation will be quantum.
• 11:40
  Everything is gonna run from a centralized positioning, uh a day.
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  Let me give you an example how big this is.
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  In California alone, and some of these data centers are bigger than the size of Central Park.
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  Do you understand that?
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  Bigger than 700 square acres, okay, 700 acres, and they're bigger than Central Park, and there's 321 of these large-scale data centers being built in California alone.
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  321 data centers.
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  Now, when you think of the demand of energy, only nuclear energy has the value proposition, because they're gonna need way, way, way, way more gigawatts than what was first anticipated.
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  Three gigawatts, four gigawatts, five gigawatts, eighteen gigawatts.
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  Some of these data centers are gonna take a full one gigawatt.
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  Some of them may even take one and a half.
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  And once you hit quantum, it's 30% more energy demand.
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  Okay.
• 12:34
  There's nothing, coal cannot do this.
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  Oil and natural gas cannot absolutely cannot do the capacity, nor can green.
• 12:40
  Nuclear energy is the only way to keep the lights turned on, no matter what parties in charge, no matter how much we transact in digital, how much we build our EV cars with digital, transportation, health care, monetary policy.
• 12:54
  You got to have nuclear.
• 12:55
  And that's when you ask the question, what's left?
• 12:59
  Platinum, palladium, and rhodium, three platinum group metals, are exceedingly undervalued.
• 13:05
  When you look at where their fundamental demands will be from nuclear energy, which is fusion, like call small nuclear reactor, you know, you can definitely have independence and some sovereign wealth by by a lot while the law still allows things.
• 13:17
  I mean, there's still ways of which to transact and to be able to maintain the consistency of wealth preservation.
• 13:23
  See, we're gonna go from greed to fear in the next two to three years.
• 13:27
  As we get closer to the day of the CBDC, which is January 1st of 31.
• 13:33
  We literally now have about three years.
• 13:35
  And if we lose 28, if we lose that executive branch, that White House, it's over with automatically because that that guarantees you everything we're talking about today, is a foregone conclusion.
• 13:46
  So you have to pivot.
• 13:47
  See, the problem with Americans is we think so short term, we get disinfected just disenfranchised with some of the things we should be doing because we expect the results to be the same day, same week.
• 13:58
  What you've got to do is you've got to look at this from the Chinese perspective.
• 14:01
  They spent 60 years when we went off that gold standard, August of 71, August 15th of 1971.
• 14:07
  That's the day China knew they're gonna come and get us.
• 14:09
  Because they could knew they could then devalue our currency because there's no backstop.
• 14:13
  So when you ask the question, what's left that has great value that you can buy, platinum and palladium is the future because without it, you can't have nuclear fusion.
• 14:24
  You cannot have nuclear energy.
• 14:26
  The fusion is the is the secret.
• 14:28
  These little SMRs, or even if it's a large-scale reactor, like Three Mile Island in Pennsylvania or Diablo in uh California, platinum, palladium, and rhodium from a military application to a nuclear energy to nuclear weapons, is absolutely critical.
• 14:44
  You cannot make those things achievable without these precious metals.
• 14:50
  In fact, palladium and platinum and rhodium should really even be not owned by people, it should be on government owned.
• 14:55
  That's that rare, that hard.
• 14:56
  In other words, you don't have quantities of this stuff anywhere.
• 14:59
  But it's while we can still own it.
• 15:01
  Why not ride that wave and have wealth preservation on top of wealth appreciation over the next three to five years, you will see these metals move up incrementally higher.
• 15:13
  There's there's just so much right now going on, and there's so much infighting between the publicans and the Democrats.
• 15:19
  And I don't even know where where do you who do you call anymore?
• 15:21
  I think there's I think APAC is extremely influential.
• 15:24
  The Shah of Iran gave an interview a number of years ago before his death.
• 15:29
  I think it was in 77 or 78 before the revolution of 79, where he said Israel is the most powerful, powerful group as a whole in the world over the United States.
• 15:43
  There is no other country that has that much influence over United States policy.
• 15:50
  And this was in the 70s.
• 15:51
  It was it was before the 79, so well, 77, 78.
• 15:54
  Yeah, yeah.
• 15:55
  Iran has well, the Shah has always had great ties with the United States.
• 15:59
  And obviously, intelligence gathering was one of his top things to help gather information for the entire Middle East, especially on the Mulas, right?
• 16:05
  The Muslim clerics and the the I don't think the word radical anymore has to be associated with Islam, is just what it is.
• 16:12
  It's a religion of suppression.
• 16:14
  It's a religion of hate.
• 16:15
  And so what happened was I'm not so sure the Shah was even a Muslim at that point because some of I think he was a Christian.
• 16:21
  And I think that like, and I'll tell you this, I know that there are some closet Christians within the Arabic world, and they can't come forth and express their faith because they they feel they're doing more good under the covers a little bit, working behind the scenes, and they probably are.
• 16:35
  But make no mistake about it.
• 16:37
  This Iran war is gonna is it Trump's not wrong in trying to weed out the very worst operators in the Middle East.
• 16:47
  And Iran is terrible.
• 16:48
  The regime there is nothing more than the largest state sponsor of terrorism globally, especially against us.
• 16:53
  Don't be surprised if Taiwan, uh, if the Chinese start to get more aggressive with them this year early next year.
• 16:59
  Because I think what they're doing is even though we've been able to cut back uh a lot of their resources that they were receiving from Venezuela and Iran, both in the oil as well as other areas of resources, other types, they knew this was gonna happen one day.
• 17:12
  The one thing about China that we're not, they're prepared for anything, even when they're not prepared, they're more prepared than we're ever been prepared.
• 17:20
  Okay.
• 17:20
  And that's a shame because what happens is people right now are so in America, they think so short term that disappointment is become a way of life.
• 17:29
  It's a way of life now.
• 17:31
  And what we got to remember is when you're disappointed, is maybe you didn't give it enough time.
• 17:35
  If you don't give it enough time, then you're gonna be disappointed because you know you're not gonna take the bread out of the oven before it's done.
• 17:42
  Then you're eating dough, and that's not bread.
• 17:44
  So look at China.
• 17:45
  5,000 years of all the things in which they could go down and go wrong and go sideways with their country and their culture, they're now here that with the GDP that's only slightly behind ours.
• 17:58
  And remember when we were little kids, oh, you better eat your peas and quick carrots because there's a Chinese, they're not starving anymore.
• 18:04
  They're actually doing quite well.
• 18:05
  It's it's the longest time I've ever heard of.
• 18:07
  That's why I tell people it's like, you know, you know, give you this one last statement.
• 18:10
  The average American, you love this, spends about eight to ten days a year and a cumulative time to plan a seven to ten day family vacation, sometimes one or two.
• 18:21
  They'll spend a week or two looking at flights and destinations and hotels and costs, whether we drive, whether we fly, what are the kids gonna do, how they're gonna do it, working around schedules.
• 18:30
  Okay.
• 18:30
  This has been proven.
• 18:31
  Do you know what the average family, regardless of income bracket or net worth spends on wealth preservation and and wealth creation?
• 18:39
  Eight minutes a year.
• 18:41
  We're the only country where so we have so much that we forget how much we have, so we just blow it.
• 18:47
  We don't we don't appreciate it.
• 18:49
  And that's what I've been trying to do for 40 years.
• 18:51
  Accumulate wealth preservation first.
• 18:54
  It just happens that the assets that we recommend create wealth far beyond a lot of times people's expectations.
• 19:01
  But it's a time thing.
• 19:02
  You got to be patient.
• 19:03
  And the hour in the day, you don't know it, but that's faith that we believe it.
• 19:08
  So why not have wealth preservation?
• 19:10
  Because one morning, and when I remember waking up and gold was up by two or three hundred bucks an ounce a few years ago, and people were calling me and going, How did you know?
• 19:16
  It's I didn't know the day or the hour, but I knew eventually it was gonna go up because it was in the fundamental.
• 19:22
  It was exactly what we expected.
• 19:24
  So why not buy platinum or palladium and have wealth preservation if you've got I call it soul preservation preservation with with Christ?
• 19:33
  Well, they can certainly get a hold of me at my website, which is BMC, Bravo Mary Charlie, BMC Ham, H A M.com, BMC Ham.com.
• 19:42
  And there are telephone numbers right there.
• 19:44
  It's an 844 number, it's right on the top right.
• 19:46
  So what we're gonna do is we're gonna talk about Iran today.
• 19:49
  We're gonna talk about specifically what are the do's and the don'ts that we've seen so far.
• 19:54
  We're gonna talk about the consequences.
• 19:56
  A Ramco for anybody who hasn't heard of a Ramco, that's
• 20:00
  That's the largest oil company in the world, publicly traded out of Saudi Arabia.
• 20:04
  Aramco CEO warns of catastrophic consequences for oil markets.
• 20:09
  CEO Amin Nasser painted the Iran war as the biggest crisis the region's oil and gas industry has ever faced in history.
• 20:18
  I think it's pretty much global global history because the disruption is so bad it and it destroyed a couple economies there for about four days, apparently.
• 20:25
  They were uh they were on the verge of just being annihilated because of 12 oil.
• 20:30
  So and we're we're finally uh ready to kind of dive into something that most people have been avoiding.
• 20:37
  You've seen a lot of headlines, but you've not seen guts.
• 20:39
  You've not seen the inner workings of what this Iran thing was all about.
• 20:42
  Was it really about oil?
• 20:44
  Was it about nuclear weapons, or was it just Trump pissed off at somebody he just didn't like?
• 20:51
  Or maybe it was all three.
• 20:53
  Yeah, and so that that is exactly right.
• 20:55
  When you get handed a bag of rocks, they really you're you're sitting there going, okay, I've got an administration.
• 21:00
  In theory, he's put the people together to try to help fix these things, but the bag of rocks was I think bigger, deeper, heavier, worse than he thought.
• 21:10
  I think it was more about Pandora's box with the bag with the uh with the bag of rocks on them on top of it.
• 21:16
  You got that layer, and then next thing you know, he's like, whoa, hey, what the what's beneath the rocks?
• 21:20
  What's beneath the rocks is not good.
• 21:23
  And that was China's China's pushed to to really make China great again uh from a standpoint of their own domestic policy and strategic initiatives, financially and military to make them great all over the world.
• 21:37
  I mean they owned it, they've owned it all.
• 21:40
  Um let me let me go down this rabbit hole here really quick because it's a really good one.
• 21:45
  And so the question is is now that we've got a third bat, uh third battles, I think uh carrier group or something.
• 21:53
  So the CEO of a Ramco.
• 21:54
  For anybody who hasn't heard of a Ramco, that's a big, I think a what seven trillion dollar company or something.
• 21:59
  It's a big oil company.
• 22:00
  It's uh quite impressive, actually.
• 22:03
  So the Saudi Aramco.
• 22:05
  So look at Aramco, A-R-A-M-C-O.
• 22:08
  So CEO Amin Nasser warned that further disruptions to global energy supply could prove catastrophic as tensions in the Middle East continue to escalate.
• 22:18
  Underscoring the precarious nature of the situation, Nasser said in comments to analysts and investors on Tuesday morning that the Iran war is the biggest crisis the region's oil and gas industry has ever faced.
• 22:31
  Uh, I would say that's the uh minimum because it's global now.
• 22:36
  So especially Japan and South Korea.
• 22:38
  I mean, their markets dropped like 20% or something crazy the other day.
• 22:42
  The disruption has caused a severe chain reaction and not only shipping and insurance, but there's also a drastic domino effect on aviation, agriculture, automotive, and other industries, NASA said.
• 22:54
  So what sounds like this would be catastrophic consequences for the world's oil markets the longer this disruption goes on.
• 23:01
  Okay, here's my question.
• 23:03
  If it is more drastic, the consequences for the global economy, that's gonna take us down.
• 23:09
  I mean, that's gotta lower our GDP.
• 23:11
  That's gotta lower the consumer-based overseas buying our stuff, the tourism.
• 23:16
  That's gonna hurt hospitality.
• 23:18
  It could hurt uh Airbnb.
• 23:20
  It could hurt everything that people do when they're getting here, especially the tourists, but not only that, if Kruz stays above that $80 mark, you know, that's still gonna be probably a shock of about I'm guessing about a three and a half to four percent CPI, possibly PPI, even core inflation rates as we continue this mess.
• 23:40
  There is no oil and gas exploration in Western Europe and limited Eastern until you go to Russia or some of the the Baltic, you know, Azerbaijan or Afghanistan and Pakistan have oil, but they're not part of Europe's little union.
• 23:54
  So here's the here's a question that I have that I'm not so sure is easily uh to be answered right this second, because we don't know that we don't we don't know the consequences yet.
• 24:03
  We've seen oil prices go up, $1.25 went up in a week.
• 24:09
  Now, by any any stretch of the imagination, a dollar a dollar was like a 30% increase in some of these markets, you know, states and what have you.
• 24:17
  So that's gonna become uh an issue.
• 24:19
  So the CPI, the PPI, uh, even the core is gonna go up.
• 24:24
  Transportation, what's gonna happen with all the things we import, all the goods and services that we we can do here domestically, but all the things we still import that are solely dependent upon uh to keep our economy going.
• 24:36
  So here's something that's interesting.
• 24:40
  When you start to look at the U.S.
• 24:42
  steps up Iran strikes as oil industry faces more upheaval, okay?
• 24:46
  Let's go back to this whole thing again with oil.
• 24:49
  We know that there's a couple things here that come into play that aren't always on the headlines.
• 24:54
  What happened in Venezuela is tied to Iran.
• 24:56
  These are two interlocking situations, right?
• 24:59
  Two scenarios here and two events that took place in order to be able to slow down the progressive growth of China on a on a on an international basis.
• 25:09
  The biggest thing I have, okay.
• 25:10
  I mean, let me let me get a quote here because this will kind of lead me into where I'm I'm going with this thing.
• 25:15
  When defense secretary Pete Hagseth made the comments during a press conference Tuesday, they suggested that the U.S.
• 25:22
  Israeli campaign that began on February 28th, which has been some time now, will still have some time to run, creating further disruption in the oil industry and global markets.
• 25:32
  Now we've seen oil come down, hit 119 or something crazy the other night.
• 25:35
  Holy cow.
• 25:36
  Now we're back down, I don't know about 87, 88, which we were saying, oh my god, it's way down.
• 25:40
  No, dude, it was I see by dollars a barrel a month ago.
• 25:43
  That's right.
• 25:44
  Okay, so we're still 30% higher.
• 25:46
  Now equate that into the economy, both global and domestic.
• 25:50
  That means everybody else is paying higher prices.
• 25:52
  That's going to be translated in those products being sold to us as higher prices.
• 25:56
  We still have the tariff issue.
• 25:58
  We still have domestic policy of oil is still way up.
• 26:01
  We haven't opened up the SPR.
• 26:02
  So let's go back here to the to the topic.
• 26:04
  So Hag said is like, oh, we're gonna continue to have a conflict here.
• 26:08
  We're gonna have a third carrier group head on over.
• 26:11
  And I'm like, well, we're spending over a billion dollars a day on the war.
• 26:14
  What's another 500 billion dollars a day for another carrier group?
• 26:18
  But translate that into inflation, man.
• 26:20
  Think about that.
• 26:21
  It's made, it's transported, distributed, everything comes from oil and gas industry.
• 26:26
  And if it's up 30% here, it's up 30% all the way around the world.
• 26:30
  If I can't even try to get through all some of this because some of the the comments that are coming out of the White House in the last couple of days seemed to sound like they were they were more resonant, uh, or certainly gives you the feeling that things were calming down a little bit.
• 26:44
  But the comments coming out today are just the opposite.
• 26:47
  We have concerned that the at the apparent lack of of joint plan on how this war came quickly to be brought to a convincing conclusion.
• 26:54
  That's what the German chancellor said.
• 26:56
  They're like, wait a second, you just blew up half the Middle East, you've destroyed about a third of the world's economy.
• 27:01
  And literally, I mean, did you see the headlines?
• 27:03
  Hedge funds in the U.S.
• 27:04
  lost billions of dollars and gave back two years worth of profits.
• 27:08
  On the record with Christian Briggs, we'll be right back after a word from our sponsor.
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• 32:53
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• 32:58
  We've compiled a special highlight reel for you.
• 33:02
  A seamless back-to-back collection of the best short clips from on the record with Christian Briggs.
• 33:09
  Enjoy the best of the archives.
• 33:12
  It's not just about accumulation.
• 33:14
  The global silver supply also challenges the dollar as the world's reserve currency.
• 33:19
  China's fortified physical silver reserves provides the credibility for a non-dollar denominated economic supremacy of a as a symbol of industrial strength, control of physical supply, and technological power, use of physical silver, and physical supply is critical in all forms of applications of energy, national defense, and other military applications.
• 33:47
  We're gonna be cashless in the next two to three years, just whether it's by executive order legislation or just by default because people don't use cash anymore in checks.
• 33:55
  It's really much gone anyway.
• 33:57
  You know, I don't use cash a lot myself or checks.
• 34:00
  And then you got that gold needs to backstop our digital dollars called the USBT.
• 34:04
  And then you've got over here silver, which is critical for sustaining life if we're gonna have any kind of next generation technology.
• 34:11
  And then the platinum group metals is energy without energy.
• 34:17
  Yeah.
• 34:18
  Taking wood again and starting fires, but we can't do that.
• 34:22
  The AI revolution is a bubble.
• 34:24
  It's not a bubble.
• 34:26
  Hiccups, yes, ups and downs, absolutely.
• 34:30
  Ultimate leads to one thing.
• 34:32
  The new world order and the great reset.
• 34:35
  And that's what we're talking about today's show.
• 34:39
  Is it worth it?
• 34:40
  It must be, because it's happening.
• 34:42
  Can we stop it?
• 34:43
  Not a chance.
• 34:44
  How do you protect your wealth?
• 34:46
  Do it before it's too late.
• 34:48
  Not saying gold and silver is the only thing.
• 34:50
  There's other things out there, but you better have it.
• 34:52
  You better do it quick, because that stuff is going up in value because everybody at the top knows what the bottom people don't.
• 34:57
  Buy low, sell high, protect your assets first and foremost.
• 35:01
  See, people don't understand the economics of what China and the BRICS are doing, but you do now.
• 35:10
  This dual strategy of high production alongside the accumulation of strategic reserves, have positioned bricks.
• 35:18
  As both a key supplier and major inflow and physical gold market.
• 35:23
  The member states' partner states have purchased more than 50% of the gold that was available globally.
• 35:31
  Did you hear me right?
• 35:32
  Suicide rates skyrocketed for these poor farmers.
• 35:36
  And that these farmers were committing suicide at such an unprecedented rate.
• 35:39
  I don't think it slowed down actually, that their tractors will come to auction.
• 35:43
  And if they knew that the tractor or any equipment for that matter was related to a suicide of a family or a farmer, nobody was allowed to bid on.
• 35:53
  Nobody.
• 35:54
  And God bless those farmers for making that a mandate.
• 35:57
  Nobody should be able to take advantage of someone's hardship like that.
• 36:01
  That was that was a heartbreaking moment when I read that.
• 36:03
  The question really comes right down to how is this thing going to affect Americans?
• 36:08
  And how do you see us stopping this?
• 36:11
  Well, I think that the concern that you raised, and I think you highlighted for me, frankly, Christian.
• 36:16
  I didn't realize that this had elevated to the point that it has in the polling.
• 36:20
  But I think when you when you segregate the people that have responded to this, and these are people that have accumulated some form of wealth, right?
• 36:28
  CoreMix, which is the dominant Western exchange in New York for gold and silver futures, whose business model is as a paper market with a national value of contracts.
• 36:39
  Dwarfs the physical metal available for delivery and were concentrated short positions held by major banks like JP Morgan have faced repeated allegations of deliberate price suppression.
• 36:50
  Look at last week.
• 36:51
  Prices got crushed.
• 36:53
  They basically fulfilled their short positions by buying the metal that they had been selling.
• 36:58
  They bought it.
• 36:59
  Now the price runs up.
• 37:00
  Go figure.
• 37:01
  So we're going to try to do something in an internal domestic policy with our debt.
• 37:06
  But these people, people being China and Russia and the UAE, and now Saudi Arabia's uh a partner.
• 37:14
  UAE is a member.
• 37:15
  I mean, they got some big countries.
• 37:17
  They control about 60% of the world's GDP, 75 to 80% of the world's population.
• 37:22
  They control 40 to 50% of the world's oil, if not more, by close to the 70%.
• 37:26
  Russia and China are your main drivers of the strategy.
• 37:30
  And I mean, it's a strategy, and that's a good strategy.
• 37:32
  You gotta give them credit.
• 37:33
  2010, they start talking.
• 37:35
  2012, they put this together.
• 37:36
  Here we are, 2025, going into 26 here in a matter of just a few days.
• 37:41
  These cats have got it down to a science.
• 37:44
  This isn't this is not an art anymore.
• 37:46
  This is not something where they're looking at a canvas going.
• 37:50
  What are we gonna uh do there?
• 37:52
  Putin and Putin says to she, I don't know, she, what are we gonna paint on that canvas?
• 37:57
  Well, why don't we paint a picture of how we can dominate the entire world's financial system?
• 38:03
  And I'm sure when she said that to Putin, he's probably going, wow.
• 38:08
  That's a pretty impressive picture.
• 38:10
  China has even been operating a permanent base on the far side of the moon.
• 38:14
  Multiple intelligence sources, including congressional briefings have confirmed these assessments.
• 38:19
  The purpose of this base is extraction of helium-3, goes to quantum.
• 38:23
  The isotope rare on earth, but abundant on lunar surface.
• 38:27
  Helium 3 is essential for advanced quantum computing systems that require ultra-cold operating environments.
• 38:32
  China is not merely researching quantum computing.
• 38:35
  China is securing the resource infrastructure to achieve and maintain quantum supremacy because once they do, we will never be able to leapfrog them.
• 38:44
  We will always be under them.
• 38:46
  We'll all will be submissive and serve subservient to China.
• 38:52
  I like Kungpa chicken, but I don't like it that much.
• 38:55
  Do not believe these numbers.
• 38:58
  No, do not believe these numbers.
• 39:00
  They have more gold than that.
• 39:02
  China has absolutely at least four to five thousand tons of gold above ground.
• 39:08
  Their reserves are unlimited.
• 39:11
  Russia, unlimited.
• 39:13
  U.S.
• 39:13
  limited.
• 39:15
  India, limited to some because they import a lot of gold.
• 39:20
  But but South Africa, unlimited.
• 39:22
  Brazil, unlimited, at least for now.
• 39:25
  Control over strategic minerals for industry and gold for monetary supremacy means Beijing has been executed a single coordinated strategy for decades in pursuit of China's long-term plan.
• 39:38
  Owning the supply, having it above ground, not on paper, but in physical form has given them the lead in everything I'm talking to today.
• 39:46
  Now China has locked up exports critical to the United States.
• 39:49
  And these challenges are all interconnected.
• 39:52
  I won't say it's ahead because there's more to it, but people need to realize that gold's going up because central banks around the world are now utilizing gold.
• 40:00
  As the new reserve currency to debase the dollar.
• 40:03
  Make no mistake about it.
• 40:04
  They're trying to destroy the dollar to make it worth zero.
• 40:07
  Not 10 cents, 20 cents, 30 cents on the dollar, but zero cents on the dollar.
• 40:13
  What's a bad deal?
• 40:14
  Bricks is a bad deal.
• 40:16
  Bricks and bad.
• 40:18
  There's nothing good about the BRICS because the whole value proposition that they have together.
• 40:26
  And the reasoning they solidified this energetic relationship is to destroy the U.S.
• 40:31
  dollar to destroy the United States in every way, shape, or form.
• 40:36
  The United States is actually following these crazy Democrats and their socialist communist ways of doing business to destroy their entire capitalist markets.
• 40:44
  This is great.
• 40:45
  They'll destroy themselves from within.
• 40:47
  We'll collect the pieces.
• 40:49
  And here are how much those pieces are worth.
• 40:51
  Listen to this.
• 40:52
  In 24 last year, China produced 380 tons of gold.
• 41:01
  Tons, 2,000 pounds per ton, 16 ounces of gold per pound.
• 41:08
  Well, Russia contributed 340 tons of gold.
• 41:13
  Now people go, that's that's just like mind boggling.
• 41:17
  Well, no kidding.
• 41:18
  Of course it is.
• 41:20
  Both countries have systematically diversified the reserves away from dollar-based assets in gold.
• 41:28
  Brilliant.
• 41:35
  So there's going to be a tremendous amount of cash has to be injected into the banking system because the banks are theoretically broke.
• 41:42
  Middle East as well as Eastern Europe are starting to pull a lot of their cash out of U.S.
• 41:47
  banks.
• 41:47
  They're redeploying that, as are Americans or people here with significant values in the banks are pulling out.
• 41:54
  That's the reason why the Caribbean banking system is blowing up so well.
• 41:59
  So if you're looking at the banking system as a whole, and I think Warren Buffett has been very clear on why he's been selling Bank of America.
• 42:09
  In 2024, BRICS Nations are projected to grow at an average of 3.6, significantly outpacing the G7's projected 1%.
• 42:16
  Now people are like, oh, it's only 2.6.
• 42:19
  No, that's over three times the amount of GDP growth.
• 42:23
  And as a combined weighted average that the BRICS represent, that is significant because what's going to ultimately happen is that you'll start to see the transition from the momentum of the dollar that was to the momentum of the BRICS, what is, will have four to five times greater GDP.
• 42:41
  Mathematically, it shows they will than the U.S.
• 42:44
  and or its small ally nations, which are still commonly known as the G, whatever that group is.
• 42:51
  So small business could be impacted.
• 42:53
  But I think that this will be in Trump's advantage the longer it plays out, because I do believe that Chuck Schumer is using the illegal immigrants' health care as a byproduct of the reasoning.
• 43:06
  And I think he's worried about AOC running in his primary, winning the Senate seat and taking away the uh the seat he's had for all those years.
• 43:13
  So I think it's a two-part uh two-part issue for Chuck Schumer and the Democrats.
• 43:18
  You're gonna be able to know we're gonna tell him.
• 43:21
  So we're gonna see now that this is confirmed, they're gonna back it.
• 43:26
  That's why Russia had to announce that they were increasing gold transactions of purchasing by over 600% for September.
• 43:33
  They had to meet a number.
• 43:35
  My understanding is the way the BRICS membership is, it's a 28-year cooperation agreement.
• 43:41
  It excludes dollar-based uh transactions.
• 43:45
  It has a use your partner's business as your own.
• 43:48
  In other words, we've all got to work together if we're BRICS members, instead of going outside, we say inside.
• 43:54
  We use the inside currency and bridge, we back it by gold.
• 43:58
  Every nation has to proportionately put up some measure of gold.
• 44:02
  Obviously, Russia being one of the largest economies, now it's hitting over that two trillion, two and a half trillion dollar uh economy.
• 44:09
  Well, my hope is that regardless of who's elected on November 5th, okay, we'll know the morning of the sixth, is that the understanding is if you truly want to make America strong, prosperous, and make a middle class like never before, lower that 80% paycheck to paycheck family, you have to cut taxes on the lower half of the small businesses.
• 44:30
  Our cost of insurance did not go down.
• 44:33
  We weren't able to keep the doctors of choice.
• 44:35
  It actually went up.
• 44:36
  So look at this in a different light.
• 44:39
  Look at the long term.
• 44:40
  The short term may have some pain in it, but make no mistake about it.
• 44:44
  Government oversight or government direct involvement in any business is usually more detrimental than helpful.
• 44:51
  So, all in my opinion, you should always be pro-business.
• 44:55
  I would cut all small business taxes for two years, maybe three years.
• 44:59
  There would be no businesses that do less than 250,000 a year on any kind of corporate tax rate.
• 45:05
  You would have hiring off the charts.
• 45:08
  You would have economics.
• 45:09
  See, the key for the middle class is the hiring.
• 45:12
  This is gonna be a show that's gonna probably get a lot of buzz because everyone's asking about this AI revolution.
• 45:22
  AI is definitely going to replace a lot of jobs.
• 45:24
  AI is gonna take the place of some of the most basic tasks there is in the world.
• 45:29
  So between AI integrated software into a business, a service, a manufacturing, all the way to robotics that might even replace domestic help.
• 45:38
  We're gonna figure out is it a bubble?
• 45:41
  Trump's plan is to dissolve the Federal Reserve, put the put that responsibility in the hands of corporations that meet or exceed the minimum federal requirements to issue digital stable coins, which in themselves are extremely efficient, and that'll create a stability because they're paid to the dollar.
• 45:59
  And all of this, where did this all this inflation come from?
• 46:02
  It came from the Federal Reserve.
• 46:04
  Yes.
• 46:04
  It is easy to work together if the common goal is truly the middle class.
• 46:11
  People are common sense inspired when they do that.
• 46:14
  And so if the government decides today they want to lift the middle class to a higher level of prosperity and hire millions and millions of jobs, cut the taxes on people earning a lot less on the corporate rate in small businesses.
• 46:28
  That's the key, Kelly.
• 46:29
  Is you can help the small business, you can guarantee success in the country and for the middle class.
• 46:35
  And what I've been saying is Trump is right.
• 46:37
  It's not just about removing one person that may be the obstacle in the way.
• 46:41
  We need to get rid of this institution once and for all.
• 46:43
  Reminds me of the Department of Education.
• 46:45
  Do we really need that?
• 46:46
  No, we don't need it.
• 46:48
  At the time, maybe it was needed.
• 46:50
  I don't ever think that it was.
• 46:51
  I think we were doing just fine without it, quite honestly.
• 46:53
  But at the end of the day, you've got to remember this is still a very powerful machine.
• 46:58
  Yes.
• 46:58
  With a lot of powerful friends that aren't just domestic but international.
• 47:03
  They want this thing to stay around because why?
• 47:05
  They can print money out of thin air.
• 47:07
  I mean, who the heck doesn't want that?
• 47:08
  That's like a fantastic deal every day.
• 47:11
  Obama did obviously his back in the day when he was trying to get the Affordable Care Act.
• 47:15
  He shut it down for 17 days, and then the Republicans caved.
• 47:19
  But I would think that in this case, Trump may want to last a little bit longer.
• 47:23
  His advantage is two things.
• 47:25
  And what was just said earlier by my colleague there, he's right.
• 47:29
  I think that this is gonna favor the Republicans way more.
• 47:46
  So I'm telling you right now, this guy's gonna bring a million jobs back to America.
• 47:51
  And on top of that, he's probably gonna increase domestic product uh GDP by at least one or two percent by doing that.
• 47:57
  And here's why the skeptics don't like it, because they don't think they can do it.
• 48:02
  When Obama was running in a second term, he laughed at how you could bring back manufacturing jobs.
• 48:09
  He actually said, I dare you to try to do it.
• 48:12
  So tariffs is one of the strongest bargaining power powers that a country has, especially this the size of the United States.
• 48:19
  We're such a large nation of consumption that the tariffs are critical for leveling the playing field.
• 48:24
  So when you have artificial devaluation in the UN, like China's been doing over the last 12, 18 months, trying to create a weaker currency so the dollar goes further there.
• 48:35
  That way, manufacturing in China becomes a lot bigger opportunity for profits.
• 48:40
  The tariffs have to start to realize in such a way when they're used in a strategic way to level the playing field.
• 48:48
  We mathematically, um, and many of you may know um Congressman Warren Davidson, him and I, chairman of the House Financial Services Committee gave a presentation about three months ago now, I think, where we actually showed that at the rate we're going, we actually mapped out when the default will happen on the long-term treasuries.
• 49:03
  You will see a default.
• 49:04
  And so we're gonna have to, as in Elon Musk said, we're gonna have to slash and burn spending because the BRICS have weakened us.
• 49:12
  We're now having to pay more on our debt to get it bought.
• 49:15
  In fact, the 30 to 20, the tens, the seven, and the five years, nobody will buy them.
• 49:20
  So let's talk about the benefits.
• 49:22
  So, first of all, manufacturing is the bedrock of a middle class economy.
• 49:25
  In other words, when you've got these high-paying jobs, whether it's auto, whether it's uh airlines, you know, China right now is building its own version of Boeing and Airbus because the manufacturing value of making one airplane is in the billions of dollars in the economic benefits, not just directly, but indirectly, where that money filterates itself through the local economy all the way into the federal levels because of tax uh that are collected.
• 49:49
  What Xi Jinping is trying to do is he had to come up with something to be able to answer Trump's first round of tariffs.
• 49:56
  So he did a very smart thing.
• 49:59
  I will give him credit.
• 50:00
  He said very clearly made just a small amount of gesture tariffs.
• 50:05
  You almost want to kind of say he he kind of took the ball in this court and said, I'm not really going to throw it back at you like dodgeball and try to smack you too hard, but I am going to have to do something in order to keep myself from losing face.
• 50:18
  China does not want a trade war.
• 50:21
  When you start to make a product here more attractive, because remember, it's not just about the cost, it's the time to get a product manufactured in China, brought over here, they call landed, and then put into the system.
• 50:35
  If we can just be as competitive as the pricing models that China offers, we will have American domestic manufacturing and if they truly believe that Russia, China, North Korea, Iran, Iraq, all these other member countries from the BRIC standpoint all the way to the collaboration of military unity, because they are.
• 50:56
  They're collaborating on creating a unified front of military supremacy.
• 51:01
  They're already trying to hit the dollar hard.
• 51:03
  The BRICS undermining the dollar usage around the world and bringing a long a longer play strategy to make China financially stronger than the U.S.
• 51:13
  And make no mistake about it.
• 51:15
  President Xi Jinping ran on the idea that China will ultimately win the financial and even the military supremacy race.
• 51:23
  Now that is that it's a hard thing to understand that they could do that.
• 51:27
  But look at where they've come in 10 years.
• 51:30
  So we have to be mindful that China's goal is to bring awareness to their country as the largest economy soon to be if they continue at this rate.
• 51:40
  And we're creating more conflict now than probably in 100 years.
• 51:43
  I mean, you just it's just it's it's sometimes hard to wrap my head around.
• 51:47
  I'm pretty good at that kind of stuff.
• 51:49
  And this is the reason why everything in the hard asset market.
• 51:52
  I mean, rare art's doing great, rare cars are doing good, rare coins are just doing fabulous, precious metals are doing great.
• 51:58
  When you can make 30% in less than a year on an investment with no risk, in the sense that you're not really evolved and it's like like a business, you don't have to worry about it going belly up or anything like that.
• 52:09
  And so I'm just like, okay, if you're passive and and you take gold and silver, where's the risk?
• 52:16
  Yes, it might fluctuate in price, but it's not going to zero risk of a stock or real estate.
• 52:23
  The dollar is down 20% in global buying power, domestic and global buying power, mostly domestic and buying power this year.
• 52:31
  That's your third leg.
• 52:32
  There's only three legs to this equation, and then everything starts to fall from the top down.
• 52:37
  Inflation, taxation, devaluation.
• 52:40
  Tom, are we not reached the pinnacle?
• 52:43
  And so I want to bring this to light that the BRICS is a very, very bad thing for the long-term viability of the U.S.
• 52:51
  not just as dumb domestic policy, but international policy.
• 52:56
  In other words, it hurts us on the domestic in our own country when the dollar falters and kind of goes in in a mode of being less in demand.
• 53:04
  It can hurt us severely on our fiscal policy from interest rates to refinancing our debt.
• 53:10
  And then on the international stage, it is really detrimental because what it does is effectively nullifies the value of the dollar in the eyes of the government or the businesses out there that are outside the US.
• 53:23
  The dollar has gone from a 90% daily use to 49% in the last 50 years.
• 53:29
  In fact, uh, we're gonna release a report here in about two weeks.
• 53:32
  It's now the sixth, not the first, most used reserve asset.
• 53:38
  Euros one gold's number two.
• 53:40
  In fact, in less than a year, gold will be number one.
• 53:42
  He's got 500 billion dollars of investment capital coming for manufacturing in the wafers, the chips, and what did Crown Prince of Saudi Arabia just say?
• 53:52
  I'm bringing $600 billion over the next four years to manufacture because why?
• 53:56
  He's lowering the tax rates on manufacturers to a 14% corporate rate.
• 54:00
  This is a win-win strategy, and anybody's skeptical, they need to get a new calculator and get behind the president because he's a winner.
• 54:07
  So I'm just preparing people.
• 54:08
  You're gonna see some higher interest rates.
• 54:10
  You're gonna see, and I will give you this, and I and I hate to say this, but I'm in the gold business.
• 54:15
  The last four years has been really good.
• 54:18
  But remember, there are two barometers within the economy.
• 54:21
  I learned this in studies.
• 54:23
  One is gold.
• 54:24
  Gold only goes up before a catastrophic event.
• 54:28
  And interest rates, if bonds aren't being bought as a safe haven and rates are going up, that's bad.
• 54:34
  We've never had this type of a perfect storm in the history of the world.
• 54:38
  The number one product right now being shipped out of China, other than obviously manufactured goods, is fentanyl.
• 54:45
  It goes from China as a manufacturing hub to Mexico, and then from Mexico, they distributed back through the border.
• 54:52
  My understanding is that the cartels are making a billion dollars a week profit on drug-related sales, bringing it into the U.S.
• 55:00
  So China was complicit in absolutely manufacturing it.
• 55:04
  It was almost like a partnership between China and Mexico.
• 55:08
  The China was manufacturing, and you had cartel was the distributors.
• 55:13
  But what I'm hearing today is, and there's there's leading articles out today, Tom, that talks about the BRICS has now introduced its own transactional money platform.
• 55:22
  In other words, it bypasses the SWIFT, which is the universal platform for dollar, well, for all transactions, dollar or whatever.
• 55:29
  They have now created their own monetary system, so they don't need the U.S.
• 55:33
  in any way or its partners in the banking industry, especially the Bank of International Settlements out of Europe.
• 55:39
  The BIS will work with the BRICS and exclude the U.S.
• 55:42
  on this platform.
• 55:44
  Well, okay, let's talk about the worst case.
• 55:46
  Trade wars, it's kind of like tic-tac-toe.
• 55:50
  Sometimes there are no winners.
• 55:51
  It's kind of a void.
• 55:53
  But in this case, I think China will lose the trade war.
• 55:57
  Now, the U.S.
• 55:57
  consumer is going to have to pay a pretty a pretty penny for this because yes, you will then have escalating interest rates.
• 56:03
  In fact, don't be surprised if we do get in a full-blown trade war, which is it's possible.
• 56:08
  I'm not going to say it's not likely.
• 56:09
  It could definitely get to that point.
• 56:11
  And so you make a good point by asking the question the ramifications on a U.S.
• 56:15
  consumer and just anybody for that matter, it's going to be four or five, maybe six thousand dollars a year in additional costs if it's a full blown trade war.
• 56:23
  Remember back in the first term, the average family paid over twelve hundred dollars back then, and that was back in 1718.
• 56:30
  Now we've had inflation almost double pretty much everything across the board, especially in food, housing, uh, energy prices are obviously double.
• 56:39
  So if we're gonna see an escalation in in the trade wars on the tariffs, this could actually push inflation into the low double digits.
• 56:47
  I mean, we could see eight, nine percent, and that would be horrific for the economy.
• 56:51
  Nobody is gonna be able to win.
• 56:53
  Uh, China will lose and we'll lose.
• 56:55
  We may win in the long run, but in the at least in the near term, this could be devastating.