Tom welcomes back Nick Giambruno, founder of The Financial Underground and Editor-in-Chief of the Contra Speculator. Nick notes that the current U.S. world order is breaking down, and the future remains uncertain. He compares governments to crime families and points out that bonds are just an extension of the fiat system. He goes on to emphasize that money is a technology used to send value across time and space, and that government involvement in the monetary system is unnecessary. He adds that only a small subset of the population understand the importance of hard money, and that politicians often don’t understand money either, which leads to inflationary tendencies.

Regarding the move towards CBDC’s, Nick believes it is more of a desperate last move to maintain the status quo. He explains that the definition of inflation has been manipulated and that the CPI metrics are more akin to propaganda. As such, people will need to find alternative places to store their wealth; gold, Bitcoin, and real estate being potential options. Nick explains that both gold and Bitcoin have resistance to debasement, gold having a long history of 5000 years and Bitcoin having coded annual production that declines. He adds that while gold has portability, Bitcoin is superior in that regard. All in all, Nick believes that both gold and Bitcoin will compete with each other on their monetary attributes in the long-term.

Time Stamp References:
0:00 – Introduction
0:36 – Global Changes
6:39 – The Race to Debase
12:44 – Buying Your Vote
14:54 – CBDC Objectives
18:43 – Measuring Inflation
22:17 – Whee a Debt Jubilee
26:31 – Storing Value
31:04 – Bitcoin Vs. Gold
39:32 – Crypto Regulations
42:37 – Financial Censorship
45:35 – Freedom & Principals
46:54 – Wrap Up

Talking Points From This Episode

• Governments are like crime families, and bonds are just an extension of the fiat system.
  
• Gold and Bitcoin are both good alternatives to store wealth, as their resistance to debasement gives them value.
  
• The move towards CBDC’s is a desperate attempt to maintain the status quo, but the definition of inflation has been manipulated.
  

Guest Links:
Website: https://financialunderground.com
Twitter: https://twitter.com/NickGiambruno
Website: https://nickgiambruno.com

Nick Giambruno is a renowned speculator and international investor. He’s the Founder of The Financial Underground and Editor-in-Chief of its premium investment research publication Contra Speculator.

Nick travels the world searching for lucrative investment opportunities in overlooked markets.

Nick specializes in identifying Big Picture geopolitical and economic trends ahead of the crowd. His approach to investing also focuses on profiting from distortions in the market. This includes identifying unfounded pessimism in beaten-up industries, which creates opportunities for enormous gains.

He writes about geopolitics, value investing in crisis markets, Bitcoin, international banking, second passports, international diversification, and surviving a financial collapse, among other topics.

Nick has traveled to over 60 countries and lived in six of them. He formerly worked in the Middle East with a Dubai-based investment bank.

He has been featured in The Economist, Forbes, Zero Hedge, Seeking Alpha, The Herald of Zimbabwe, The Keiser Report, MoneyWeek, Casey Research, International Man, The Crux, Gold Newsletter, The Jet Setter Show, Lew Rockwell.com, The Tom Woods Show, International Living Magazine, Wall St for Main St, Emerging and Frontier Markets Investing, AntiWar.com, The Power & Market Report, Mountain Vision, Ron Paul Liberty Report, among others.

Nick is a frequent speaker at investment conferences around the world.