Frank Giustra: AI paves the way for CBDCs and a ‘scary as hell’ future, how to protect yourself

Kitco News, Released on 2/10/23

Frank Giustra, CEO of the Fiore Group and Founder of Lionsgate Entertainment, discusses how the Ukraine war is hastening a global monetary reset, with the BRICS seeking an alternative to the U.S. dollar in international trade. He also talks about the threat that artificial intelligence holds for jobs, and why AI and CBDCs could combine to bring about a ‘scary as hell’ future. Finally, he explains the Quantum Gravity Institute, which he helped to found, as well as his movie business experience. Giustra spoke with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.

0:00 – Global monetary reset
10:20 – Conflict between The West and BRICS
13:44 – Bifurcated monetary system
14:22 – What could derail the monetary reset?
19:05 – Results of the reset
22:02 – Investment implications
25:57 – Artificial intelligence
31:00 – Central Bank Digital Currencies and AI
39:43 – Quantum Gravity Institute
47:00 – Movies and Lionsgate
51:11 – Closing thoughts

Frank Giustra is a Canadian business executive, who has been particularly successful in the mining and filmmaking industries, and is a noted philanthropist. Mr. Giustra started out as an assistant trader and then became a stockbroker at Merrill Lynch in his early career. He later went on to join Yorkton Securities, where he helped launch a new branch geared towards financing resource companies in Europe. He is now an advisor to major gold miner, Endeavour Mining Corporation. In the late 90’s, he founded Lionsgate Entertainment – the company behind The Hunger Games and Michael Moore’s Fahrenheit 9/11. The company had over $2 billion in revenue in 2013, and owns the rights to the hugely successful Twilight movie franchise and The Expendables series, among other big blockbuster titles.

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