The BRICs Banking System, Geopolitical Challenges, and the Importance of Gold Ownership

In a recent conversation between Brannon Howse and Wes Peters, several significant topics were discussed, including the BRICs banking system, the war on cash, digital currency, geopolitical challenges, central banks’ gold reserves, cyber attacks, national debt, inflation, and the decline of brick-and-mortar stores.

Wes Peters emphasized the importance of owning gold and silver as a means to preserve purchasing power and to protect wealth. Wes explained that the purpose of investing in precious metals is not to make money but to maintain financial stability. Peters warns about the increasing control and scrutiny of banks, citing an incident where a bank required customers to provide reasons and documentation for cash withdrawals.

Then there are the many international and geopolitical challenges, including cyber attacks on critical infrastructure such as power grids and banking systems. Wes Peters warned of a particular incident involving China’s activities during which the FAA grounded planes for a few hours, Bank of America clients experienced missing funds in their Zelle payment system, and the stock market closed temporarily. These incidents were classified as glitches, but Peters suggests they could be deliberate tests by foreign entities like China as part of the new way of warfare.

On the domestic front, the national debt is a growing concern, with the debt ceiling being raised, and the continuous increase in the debt level. Many in the federal government are deceiving Americans in believing that by raising the debt ceiling that the federal government is paying off debts when, in reality, it only adds to the overall debt burden. This of course adds to the rising levels of inflation. Gold has historically been a financial hedge against inflation and thus a means to preserving purchasing power.

The rise in inflation and interest rates are two of the factors that are leading many brick-and-mortar stores to close with that only to increase in the coming years, along with potential challenges in the commercial real estate market due to remote work becoming more prevalent. Companies that initially resisted the idea of remote work have realized its benefits in terms of increased productivity and employee satisfaction. This shift in work dynamics has resulted in many companies considering permanent remote work options, leaving empty office buildings in their wake.

Brannon and Wes discussed the reluctance of some individuals, particularly young people, to return to traditional office work arrangements. Wes reported that some Amazon employees were going on strike in response to being asked to return to the office three days a week. Major retail chains and companies like JCPenney, Bed Bath & Beyond, Victoria’s Secret, Walmart, Walgreens, and Target have also faced closures, leading to significant losses in the stock market.