You Can’t Use Cash and Bitcoin is 'Hijacked,' the New Financial System Has Started

The Russian invasion of Ukraine is about the "new monetary system," says David Morgan, author of The Silver Manifesto and founder of TheMorganReport.com. “You certainly cannot rule out," the beginning of the great reset if gold is used as a means of settlement for oil and natural gas, he tells our Daniela Cambone. A free society fringes on, "free money," Morgan states, with apprehensiveness towards a coming digital dollar. If Russia carries out a new economy with gold at the forefront of transactions, "gold will be one of the most important parts of the monetary system." Morgan continues to say that the trajectory of silver is, "very favorable today," due to the fact that there will be a supply shortage to meet industrial demand. Inflation is based more on psychology, "than how much money has been printed," and dictates consumer sentiment more than any other factor, he concludes.

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Timestamps:

00:00 Why Russia’s invasion of Ukraine will evoke a “new monetary system?”
3:17 The U.S. dollar’s inevitable fate of losing its reserve status
5:03 How will a U.S. digital dollar's future play out?
9:43 Why is bitcoin “hijacked?”
11:44 What role does gold play in the “new financial system?”
14:08 Silver outlook
16:22 Who has more control of money?
17:56 Morgan’s long-term outlook for silver and gold
18:59 What will unfold when money becomes worthless?
20:33 Where do you see inflation is headed?
21:57 Why wouldn’t gold reach over $3000?