Liberty and Finance, Released on 10/11/24

Doomburg discusses the upcoming BRICS meeting and the potential rollout of a gold-backed currency unit. They explore the implications of such a move on global gold prices and the shifting dynamics away from the US dollar. Doomburg expresses skepticism about an imminent recession, citing strong economic data and fiscal spending. The conversation also highlights the significance of the Power of Siberia 2 pipeline in reshaping global energy distribution and the role of natural gas as a bridging fuel. Finally, they discuss how a gold-backed currency from BRICS could provoke strategic responses from Western economies, particularly the G7.

0:00 Intro
1:22 BRICS meeting
9:10 Recession risks
13:15 AI & energy
19:25 How America will respond to BRICS
21:07 Is Fort Knox empty?
22:55 Gold market outlook
24:22 Natural gas and nuclear
28:48 Doomberg.com

Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity and finance to deliver innovative thinking and clarity to complex problems. Doomberg on Substack: https://doomberg.substack.com.

  BRICS, dollar, doomberg, gold, investing