Hard Asset Money Show Christian Briggs

Christian is a guest speaker on A Good Fight podcast with Jameson Haygood. They speak about how in April 2024, the WPI (Wholesale Price Index) rose to a 13-month high of 1.26%. When the CPI (Consumer Price Index) came out in mid-May, it was down a bit, which indicated that the inflation at the wholesale did not get pushed up yet to the retail. That means that inflation is coming yet again for the consumer. According to Forbes magazine, 78% of U.S. households live paycheck to paycheck. The U.S. dollar has lost 17-20% this year against different foreign currencies as well as international and domestic goods in buying power already. That means if your investments (bonds, real estate, equities…) aren’t making 17-20% this year, you’re losing money. Conversely, gold is up 29% in the last four months. Silver is up 32%. 

Christian speaks with Mitchell Green, son of Tennessee Congressman and Chairman of the House Committee on Homeland Security Mark Green, as well as Clayton Thomas, founder of Root Wellness. They speak about the perils of CBDC, and why gold and silver are escalating in price recently, as well as how the national debt is at the point where we cannot pay it back. Our GDP is around 27 trillion, whereas the national debt is at 35 trillion. Interest payments alone will be 1.7 to 2 trillion dollars.

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, hosts Christian and Mandy talk about the integrity of the election and what if Michelle Obama runs. They speak about how during the 2020 election, Mandy 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 this episode, hosts Christian and Mandy speak about how 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? In this episode, hosts Christian and Mandy discuss how 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.