Civilizational Crisis: Is the 'Fourth Turning' Upon Us? - Peter St Onge
At the Pacific Bitcoin Festival, Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, sits down with Peter St Onge, an Economist at the Heritage Foundation, to delve into the concept of the "Fourth Turning." This term refers to a cyclical crisis that echoes throughout history. St Onge sheds light on the risks of weaponizing the U.S. dollar and offers insights into the expanding BRICS alliance. The discussion spans topics like de-dollarization, the potential for an external gold-backed rail system for international trade, and the intriguing notion of BRICS nations embracing Bitcoin. Tune in for a riveting conversation!
Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/michellemakori)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Peter St Onge on X: @profstonge (https://twitter.com/profstonge)
00:00 - Intro
01:34 - Dangers of the de-dollarization trend
11:49 - BRICS and gold-backed currency
18:21 - The ‘Fourth Turning’
28:27 - What can be done to avoid the ‘Fourth Turning’
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