Global Reset: Gold Rises While BRICS Undermine Dollar with Tariffs and Trade Blocs

The global monetary order is shifting—and fast. Economist Steve Hanke, former Reagan advisor and currency expert, joins Kitco News anchor Jeremy Szafron to break down the silent collapse of dollar trust, the surge in gold’s monetary relevance, and what it all means for U.S. power abroad.

Hanke explains how shrinking M2 money supply, retaliatory blowback from economic sanctions, and ballooning U.S. debt are triggering a wave of de-dollarization, empowering BRICS nations to challenge American financial dominance. As the Fed stays cornered by inflation and tariffs take center stage, gold is emerging as the only real reserve asset with global credibility. With China’s deflationary pulse threatening commodity demand, and geopolitical cracks widening, Hanke lays out why 2025 could mark the end of the post-Bretton Woods dollar era.

Key topics:
-M2 money supply lower than 2.5 years ago — why slow money growth threatens markets
-Sanctions and unintended consequences for dollar dominance
-Gold’s enduring role as the world’s reserve asset
-U.S. debt trajectory, tariffs, and fiscal risk
-BRICS currency ambitions and dedollarization
-Post-2008 bank regulation and credit creation limits
-Fed independence and money supply targeting
-China’s deflation, commodity demand, and copper outlook
-2025 market outlook: recession probability and positioning

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00:00 Introduction
01:12 Analyzing the US-Russia Meeting
04:13 Impact of Sanctions and Economic Shifts
07:08 Weaponization of the US Dollar
08:21 Sanctions: Historical Context and Consequences
13:24 Currency Boards and Gold as an Anchor
16:04 Global Currency Dynamics and the Dollar's Dominance
19:59 US Treasury Policies and Gold Reevaluation
31:46 Monetary Policy and Inflation Outlook
34:15 Current State of Money Supply and Economic Outlook
35:06 Impact of Trump's Policies on the Economy
35:28 Regime Uncertainty and Its Historical Parallel
36:30 Investment Slowdown in the US and Canada
38:17 Tariffs and Their Economic Consequences
39:43 Misconceptions About Tariffs and Taxes
41:34 Role of Commercial Banks in Money Supply
50:45 China's Economic Influence on Global Commodities
59:00 Gold and Central Bank Strategies

#Gold #Recession #SteveHanke #Dedollarization #BRICS
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