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(Part 2/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Peter St Onge, Economist at the Heritage Foundation, on the sidelines of the Pacific Bitcoin Festival. They discuss the “Fourth Turning” — the term used to describe a cyclical civilizational-type crisis. St Onge explains the dangers of weaponizing the U.S. dollar and weighs in on the BRICS expansion, including the move to de-dollarize and the probability of an external gold-backed rail that would be used for trade. He also explores the idea of the BRICS nations using Bitcoin.
Watch *Part 1 here*: https://www.youtube.com/watch?v=X0naDa1Yw-U
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00:00 – Intro
01:34 – Dangers of the de-dollarization trend
11:49 – BRICS and gold-backed currency
18:21 – The ‘Fourth Turning’
28:27 – What can be done to avoid the ‘Fourth Turning’
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