Economic experts Phillip Patrick and WarRoom host Dave Brat dissected the weakening U.S. dollar and the skyrocketing national debt on Saturday’s WarRoom. As Brat emphasized, “It’s the number one issue for Americans,” while Patrick highlighted gold as a critical hedge against inflation.
Resources for this article:
BRICS: Acronym for Brazil, Russia, India, China, and South Africa
Steve Bannon: End of the Dollar Empire series (Free eBooks)
Why This Matters: The Dollar’s Decline and America’s Financial Future
Brat warned that without swift action, Americans face a financial “Lost Decade,” marked by low stock market returns and rising living costs. He cited Goldman Sachs’s projection of a 3% nominal growth for the stock market over the next ten years—a slim 1% when adjusted for inflation. With the national debt at an unprecedented $35 trillion, the U.S. faces a potential collapse in consumer confidence and international dominance.
M2 Money Supply: A Signal of Economic Crisis
Brat referenced Federal Reserve data showing alarming increases in the M2 money supply, a broad measure of U.S. cash in circulation. He explained that the unprecedented spike, largely fueled by pandemic-era stimulus, resembles the economic mobilization of World War II—"but without a war.” These policies have inflated asset bubbles and set the stage for a potential economic crisis if left unchecked.
The BRICS Challenge: Gold as a Hedge
Phillip Patrick connected the decline of the dollar with a global shift in economic alliances. The BRICS nations (Brazil, Russia, India, China, and South Africa) have been accelerating gold acquisitions and distancing from the dollar, leaving the U.S. in a weakened economic position. “This isn’t just a trend; it’s a global movement,” Patrick warned, explaining that the dollar’s role in foreign reserves is at a 26-year low.
Impact on American Households: Rising Debt and Shrinking Savings
Patrick highlighted the struggles Americans are facing, noting that 60% of Americans earning over $100,000 now live paycheck to paycheck. Rising credit card debt and payday loan reliance underscore the economic distress hitting households. Brat said, “The reality is people are being crushed, left behind,” with credit card debt hitting record levels as Americans struggle to keep up.
Securing Financial Futures: Gold as a Safe Haven
With just days until the election, both Patrick and Brat encouraged listeners to take proactive measures to secure their assets. Patrick emphasized that Birch Gold Group offers resources to help Americans diversify into physical gold, a tangible asset that maintains value in times of economic uncertainty. “The fuse on the economy has already been lit,” Patrick said, urging Americans to consider gold as a hedge against the turbulent economy.
A Call to Action Both Patrick and Brat warned that, although conservative leadership could help redirect the economy, immediate steps are needed. Patrick urged listeners to safeguard their finances now: “You can protect yourself and your family, regardless of the economy’s direction, by diversifying.”
For more of our financial coverage:
Harris’s Economic Fantasy: $600 Billion Annual Deficit? Experts Warn of Financial Catastrophe
The Anti-Manufacturing Agenda: Understanding Its Impact on American Freedom and Economy
Misery Index Back: Common Man Feels the Pinch, Trennert Exposes Inflation Reality with Don Jr.
America’s Crossroads with Jim Rickards: ‘Trump is a Ninja and Biden Needs Court Appointed Guardian’
For more context to Phillip Patricks remarks, watch this segment with Phillip Patrick and Dave Brat:
Phillip Patrick: President Trump Is The Only Candidate That Could Stand Up To BRICS, Kamala Will Destroy The Dollar
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