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BRICS countries – Brazil, Russia, India, China, and South Africa – have been talking about establishing a new gold-backed currency this year in hopes of replacing the U.S. dollar as the king of global currencies. With the 15th annual BRICS summit taking place earlier this week, many market experts are monitoring whether these discussions will come to fruition as we approach 2024. So today, we'll review predictions from several of our guests over the course of our "summer series" about the potential impact of the dollar relinquishing its world reserve currency status... 1:27 - Marc Faber: U.S. Dollar Will Become a Worthless Currency 2:32 - Rick Rule: FedNow is an Existential Threat to Personal Freedom 3:40 - Peter Grandich: Future of CBDC's 5:27 - Marc Cohodes: "The Middle of the Road is Usually Where This All Goes" 6:22 - David Morgan: "We Need to Push Back with Logic, Serenity and the Truth" 7:25 - Doug Casey: "Bitcoin is a Solid Form of Money" 8:23 - Ran Neuner: Bitcoin is Becoming a Mainstream Asset 9:23 - George Gammon: Worldcoin's Eyeball-Scanning Crypto 10:50 - Lynette Zang: "We Will See a Gold Backing Again" 12:06 - Robert Kiyosaki: "Get Back on Your Own Gold Standard" ⭐️ Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com ➡️ Follow us on Facebook: https://www.facebook.com/StansberryResearch ➡️ Follow us on Twitter: https://twitter.com/stansberry ➡️ Follow us on Instagram: https://www.instagram.com/stansberry_research/ ➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stansberry-research/

The U.S. dollar's longstanding status as the world's reserve currency has been threatened this year as prominent countries around the world have avoided relying on the dollar for global trade. Today, Daniela interviewed Robert Kiyosaki, bestselling author of Rich Dad Poor Dad, who asserts that the global de-dollarization trend signals that a return to a gold standard is inevitable as long as these foreign adversaries remain unified. He says, "When you talk about the BRICS, almost three-quarters of the population has signed on. It's not if, but when they switch to gold. That's what they're saying." Robert also believes that cryptocurrencies offer a viable store of value as investors search for a safe haven from this chaotic market. "I like bitcoin because we have an enemy in common called the federal government, the Treasury, the Fed, and Wall Street," he proclaims. He concludes by encouraging investors to explore the precious metals sector in an effort to protect their wealth as mountains of debt continue to weigh on the economy. "In two months alone, they've added $1.8 trillion in new debt; this is unsustainable. That's why I'm a big hard asset person. I don't buy much paper," he states. 2:20 - The BRICS Summit 3:55 - Gold Standard 4:40 - Bitcoin 5:03 - Politics 6:58 - Hunter Biden 7:58 - Robert Kennedy Jr. 8:57 - Fitch Ratings 10:03 - National Debt 10:57 - Student Loan Debt & Education 13:32 - Hard Assets 17:35 - Teaching Capitalism

"The economy is going to come to a standstill and worse because everything starts imploding," says Bert Dohmen, founder and president of Dohmen Capital Research. He explains that in the wake of the banking crisis, it becomes challenging to get a loan from the bank "no matter how trustworthy" a borrower is. Additionally, he says that President Joe Biden's current spending plan, which aims to double the capital gains tax on corporations and wealthy Americans, is a "killer for the economy." Bert asserts that "investors create businesses, and businesses create jobs. If nobody creates businesses, you have no job creation." Given the current uncertain environment, he concludes that investors should seek safety in U.S. treasury bills. However, he predicts that gold price will experience an up and down in the future and that the precious metal's recent record high indicates a sell signal. ➡️ Follow us on Facebook: https://www.facebook.com/StansberryResearch ➡️ Follow us on Twitter: https://twitter.com/stansberry ➡️ Follow us on Instagram: https://www.instagram.com/stansberry_research