U.S. Dollar on Brink of Extinction? China’s De-dollarization Agenda Is Creating a Global Shift

The Daniela Cambone Show

"The bank collapses were bound to happen. I've been saying if the Fed kept up their rate-hike cycle, something would break and it did," says Frank Giustra, CEO of the Fiore Group. "There are more collapses to come. We are seeing the beginnings of a great unraveling," he tells Daniela Cambone at the 2023 Swiss Mining Institute conference. "The world financial system is going to go through a tectonic change and most people aren't prepared for it. The U.S. dollar's supremacy is changing and we are in the middle of that change," Giustra asserts. "Recent central bank gold buying started in 2010 and has been accelerated," he continues.

"The U.S. is definitely worried they are losing their power in the Middle East, and this came about because America withdrew diplomatically from the region," Giustra argues. "The consequences to the U.S.'s involvement in the Ukraine-Russia conflict created a global movement to move away from the dollar, helping the BRICS expand and create their own currency. That is the direction we are heading towards and it will happen sooner than people think and gold will play a role in this new currency," he predicts. "China has already created a pathway to trade with countries sanctioned by the U.S. in the petroyuan... China's economic might is taking over and that's driving fear in a lot of Americans. Hopefully, it's not a hot war," Giustra says. "No currency in history has ever been launched without a gold backing, including the U.S. dollar," he states. "You have to be very afraid of CBDCs. The government is going to reward or punish you depending on how they want to fine tune the economy. They are a very scary proposition," Giustra concludes.