In an exclusive interview with Daniela Cambone, billionaire philanthropist, Frank Giustra lays out his thesis for the global monetary reset already underway. We're at the beginning of a currency war, "and I'm absolutely certain we're heading into a global monetary system reset," warns Frank Giustra, CEO of the Fiore Group. He tells Daniela Cambone, Russian President Vladimir Putin and Chinese President Xi Jinping, "have made it very clear they want an alternative to the U.S. dollar," after being held hostage by the currency for so long. Predicting that the dollar will lose its status as the world's reserve currency, Giustra says China will be victorious in its efforts to solidify a new central bank currency backed by gold. "Everybody, and I mean everybody, should own physical gold," he says when asked about the increasing privacy issues posed by technology. "I think the pivot is around the corner, the [Fed's] math doesn't make any sense," claims Giustra when asked about the rate-hike cycle currently underway for the central bank. "The Fed is trying to talk inflation and something is going to break, they've ruined the American dollar," he concludes.
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Chapters:
00:00 Italy’s new government's stance towards euro
4:21 The future of the euro system
5:31 Are we in a currency war?
9:00 Gold as the world’s dominant reserves
10:04 The future of de-dollarization
12:46 Gold’s future position in the new monetary system
17:54 Why hasn’t the price of gold depressed?
20:14 Why should investors allocate to gold?
22:00 Is this a reset for gold?
23:35 Cryptocurrencies as a digital currency
24:59 Privacy and digital currency
27:15 Should miners hold physical gold?
29:16 Bitcoin’s price fall
30:12 How long can the Fed keep raising interest rates?
32:05 Can the U.S. still remain the world's leading superpower?
32:32 Frank’s interest in olive oil
33:49 Frank’s early experience with gold
35:07 Can America’s economy be saved?
41:03 Will blockchain solve the world’s problems?
41:55 Frank’s success story
43:35 Frank sharing life wisdom
45:19 A tour of Frank’s olive oil factory