| Alasdair Macleod joins me to discuss emerging tectonic shifts away from a unipolar world dominated by the U.S. and NATO to a multi-polar world that has been forced by the Biden Administration’s weaponization of the dollar to create a new currency system for trading among a growing number of countries headed by Brazil, Russia, India, China and South America (“BRICS”). At this time, those five existing members, those who have applied to join, and those expressing an interest, total 36 nations, with over 60% of the world’s population and one-third of the global GDP.
Plans for a new trade currency backed by gold appear to be on the agenda for the BRICS meeting in Johannesburg in August. But gold? Really? Are you kidding? No, Alasdair is not kidding. We will ask him to explain the forces that make this seemingly unlikely decline in dollar hegemony possible. Also, how might the mechanics of this project take shape? Most importantly, if Alasdair is right, what might it mean for our investment portfolios? Resistance to the demise of American dollar hegemony will likely continue with the U.S. and NATO applying military force to get its way in attempting to retain global dominance. But one major problem the West is facing is that by creating endless amounts of debt-based money and running chronic trade deficits, it has engaged in a level of self-induced financial destruction that is destined to change the balance of global financial and ultimately military power. An empire that is broke cannot live beyond its means forever. With the potential decline in American hegemony, we will ask Alasdair for his advice on how we as individual citizens can prepare for this dramatic change. | 
