Hard Asset Money Show Christian Briggs

Between 70-80% of manufactured goods that are imported into the United States comes from four countries – China, India, Mexico, and Brazil. The U.S. dollar lost about 16-18% through the first week of May against these foreign currencies. China, which is one of the largest producers of manufactured goods, is starting to increase its pricing models because of inflation, as well as their economic slowdown from their real estate market. The Producer Price Index is going to escalate. What we will see in the near future is hyperinflation, stagflation, adjustable mortgages will go from 2.5% three years ago to 7-8%. The economy is going to go south with no end in sight. 

In this episode, we talk about the integrity of the election and what if Michelle Obama runs. Special guest Mandy Gunasekara speaks about how during the 2020 election, she was part of the team Trump attorneys. She was sent to Montgomery, Pennsylvania to monitor voting. They used Covid as an excuse to violate state constitutions and change voting laws. Regarding the upcoming 2024 election, recent news articles are stating that Biden may consider stepping aside for Michelle Obama, and this may happen during the August democratic convention in Chicago.

In recent months, the 30, 20, and 10 year treasury bonds have had challenges. The government has been having problems finding private sector investors that will buy them, whether it’s a bank, a hedge fund, or a financial institution of another manner. For the last month with the 30 and 20 year bonds at the current rates, there has been very little to no private sector wealth that would be willing to accept those rates. The 10 year bond was trading at 4.166%, but as of April 10, 2024, the bond jumped to 4.560%, which is a 10% increase in the interest rate. This is the third biggest tail on record.

What is the state of the economy? The dollar has seen at 17% decline in buying power so far this year. Gold has reflected that with a 25% increase this year. In 2001, the US dollar represented 73% of global dollar reserves. In 2021, it decreased to 55%. In 2023, 47%. 

When the Silicon Valley bank was bailed out last year, there were an additional 1,619 banks that were in risk for failure. That represented 1/3 of all banks in the United States. Since that bailout until today, nothing structurally has changed other than stemming the tide of people pulling their assets out, bailing the bank out, and then creating the illusion of stability. Now, in late April 2024, Republic First became the first FDIC-insured bank failure of 2024. Simultanuosly, seven additional banks closed in that same week. The way to protect against the wave of upcoming banking failures is to invest in hard assets. The reason to invest in hard assets is threefold. 1) It gives you long-term investment appeal. 2) It hedges against inflation. 3) Hard assets have an inverse reaction whenever the economy is in a downturn.

In this episode, Christian Briggs is a guest speaker on Foundations of Freedom’s ‘Voice of Reason’ podcast. He speaks about the growing national debt, and how there is fear that the U.S. national debt is past the point of paying it back. Speaking with members of congress, he hears whispers that the fallout will be sooner than we think. Mortgage rates have been rising, bonds got crushed. All of the things that are supposed to make gold react in a fundamental manner that is consistent with history is not true today. In fact, gold has been on a continuous rise for the last six months. Why is that? Because central banks around the world are in a coordinated effort to take away the value of paper currency by creating gold backed CBDCs.

In this episode, Christian Briggs, Mandy Gunasekara (former Chief of Staff of the United States EPA), and Tennessee congressman Mark Green are guest speakers on Foundations of Freedom’s ‘Voice of Reason’ podcast. They go into a page by page discussion of Hard Asset Management’s CBDC presentation. They differentiate centralized vs. decentralized digital currency, as well as go into a chronological progression of CBDC development. Then they show all the countries that are currently using or are developing CBDCs, including the United States’ Federal Reserve, which launched FedNow (a precursor to a US CBDC) last July. Finally, they go into a chronological deep dive on all the CBDC white papers from 2017 to today. These include white papers from countries, as well as white papers from companies such as Amazon, Citi, Visa, and Bank of America.