🚨 US Debt Scheme Leaked by Russia: Its Plan to Rewrite Gold & Crypto Rules to Wipe Out $37T Debt

Summary

In this discussion, Alexander Kobikov, an adviser to Vladimir Putin, warns that the U.S. is trying to reshape the global gold and cryptocurrency markets to address its $35 trillion debt. Eie Tucker of the Tucker Letter joins the conversation, offering his perspective on global debt, market manipulation, and financial evolution. While acknowledging the potential impact of geopolitical moves, Tucker emphasizes the importance of adjusting to financial changes, with a focus on assets like gold, silver, and Bitcoin. The conversation also touches on property taxes and the economic shifts taking place in Florida.

Takeaways

• 😀 Alexander Kobikov, advisor to Vladimir Putin, claims that the US is trying to manipulate the global financial system through gold and cryptocurrency markets to solve its $35 trillion debt problem.
• 😀 According to Kobikov, the US aims to undermine the dollar and shift its debt into a crypto cloud via stablecoins, potentially resetting the global financial system at the world's expense.
• 😀 Eie Tucker, of the Tucker Letter, suggests that the US's actions may not necessarily be part of a grand scheme but could be geopolitical maneuvering, making it difficult to predict long-term effects.
• 😀 Eie Tucker believes that most people are too distracted by sensational claims and fail to engage deeply with economic trends or financial knowledge.
• 😀 Tucker predicts that the US national debt will likely double to $70 trillion, and that the financial system will continue expanding, meaning assets like Bitcoin could increase in value over time.
• 😀 Tucker also advises focusing on current opportunities, like Bitcoin and gold, as part of a broader strategy to protect wealth amid economic uncertainties.
• 😀 Silver, although gaining attention, is seen by Tucker as difficult to manage and store, especially for individual investors, making it less appealing for some.
• 😀 Despite silver's potential for price appreciation, Tucker warns that owning large amounts of silver may not provide as much profit as other investments like gold or certain stocks.
• 😀 Tucker reflects on his past investments, including buying gold coins decades ago, without expecting immediate wealth but rather as a strategy to avoid future financial struggles.
• 😀 When discussing property taxes, Tucker criticizes the inefficiency of public spending, specifically in Florida, and highlights how property taxes often fund bureaucratic waste, leading to disillusionment among taxpayers.

Q & A

What is Alexander Kobikov's warning about the U.S. financial system?

Alexander Kobikov, an adviser to Vladimir Putin, warned that the U.S., burdened by a $35 trillion debt, is attempting to change the rules in the gold and cryptocurrency markets. His claim is that the U.S. will try to shift its debt into a 'crypto cloud' using stablecoins, erode trust in the dollar, and reset the global financial system at the world's expense.

Do you think the claim made by Kobikov is credible?

Eie Tucker, the guest in the interview, suggests that the claim may be a geopolitical jab rather than a genuine concern. He believes that most people are distracted by complex claims and have little understanding of global financial maneuvers.

What does Eie Tucker think about people’s approach to financial crises?

Eie Tucker suggests that people often look for simplistic, binary explanations of financial crises, like predictions of total collapse or quick profits. He believes this mindset is misguided and that financial systems tend to evolve gradually, rather than collapsing suddenly.

How does Eie Tucker view the future of U.S. debt?

Eie Tucker predicts that the U.S. debt, currently at $35 trillion, will likely double to $70 trillion in the future. He argues that the system is continuously expanding and that it is better to adapt to this growth rather than overthinking the consequences.

What is Tucker’s stance on owning gold and silver as financial assets?

Tucker believes in owning gold and silver as long-term assets for financial protection. However, he acknowledges that owning silver, in particular, can be impractical due to storage issues. While gold has performed well, Tucker doesn't view silver as the most exciting investment for high returns.

What’s Tucker’s opinion on the recent silver price movements?

Tucker points out that while silver prices are approaching levels seen in 2011, he isn’t overly excited about silver as an investment. He mentions that a price surge to $50 an ounce would not be life-changing for most investors, and the storage difficulties make silver less appealing.

How does Tucker see the role of central banks in driving gold prices?

Tucker acknowledges that much of the recent rise in gold prices is driven by central bank purchases, particularly China. He questions what will happen to the gold rally if China stops buying, but he remains cautiously optimistic about gold's future performance, expecting more adjustments in the system.

What is Tucker’s perspective on predicting market crashes?

Tucker believes that many financial predictions about market crashes are overly simplistic. He stresses that rather than waiting for an event like a global collapse, it's wiser to ride with the market’s natural evolution and make strategic decisions based on available opportunities.

How does Tucker recommend preparing for future financial shifts?

Tucker recommends having a diversified financial portfolio that includes gold, silver, and potentially cryptocurrencies. He believes it’s important to not overcomplicate things but to stay prepared for evolving financial shifts rather than panicking about specific events.

What are Tucker’s thoughts on property taxes in Florida?

Tucker discusses how property taxes in Florida and other states can feel like a Ponzi scheme. He points out that while people often don’t question these taxes in a bull market, they become more critical when the market stalls, as they realize the taxes go toward inefficient systems and bureaucratic inefficiency.