Nick Giambruno - Fiat Currencies Destined For Self-Destruction


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SBTV spoke with Nick Giambruno, founder of The Financial Underground, about why fiat currencies are on the path to self-destruction and the urgent need for people to understand what money is to protect themselves from the coming great devaluation.

Nick Giambruno's The Financial Underground: https://financialunderground.com/repo...

Discussed in this interview:
00:00 Introduction
01:20 Inflation is never a good thing
03:49 Don't be fooled by the Fed's gaslighting
08:40 Currencies will self-destruct
10:40 Expect further currency debasement
13:51 History of debt jubilees
17:54 Bread and circuses
21:34 Gold and silver outlook
26:00 End of the dollar?

I was all on board with this until this morning. Now I'm not so sure


    Britain faces longest recession in a CENTURY: Bank of England delivers grim forecast for the economy as it raises interest rates by 0.75% to 3% ? the biggest increase since the 1980s ? sending the cost of mortgages soaring by thousands.

    During the pandemic house buying boom in 2020 and 2021, interest rates reached record lows with some deals priced at below 1 per cent ? but now the cheapest fixed rate mortgage deals are now charging more than 5 per cent.

    The average borrower coming off a two-year fix will see their rate rise from 2.43 per cent in November 2020 to 6.47 per cent.