ITM Trading, Released on 10/30/24
For Part 2 of this interview, CLICK HERE
Two years later, Daniela Cambone returns to Italy for an exclusive, in-depth interview with Frank Giustra, delving into pivotal global issues: the approaching U.S. presidential election, skyrocketing U.S. debt, the rise of BRICS, and the transformative power of AI, and more. Giustra delivers a stark warning: “Eventually, we’re going to see a complete reset of the global monetary system.” He explains that as the U.S. dollar’s dominance erodes due to relentless inflation and money printing, mounting U.S. debt could set the stage for a new financial order—often, he notes, brought about by conflict. Giustra highlights the mBridge project, a revolutionary model in which central bank digital currencies (CBDCs) used in trade are backed by gold, as a potential standard for a new non-dollar trading system. Watch part one of this compelling conversation.
00:00 US election
7:03 Media’s influence
14:21 US debt
17:03 US defaults on debt
20:35 US dollar
25:50 BRICS
32:10 Alternative to the US dollar
36:07 The power of the Fed
40:19 The US economy/ job revision
47:03 America’s middle class
48:30 Geopolitics
54:20 The role of the US
1:00:00 The new world order
1:04:53 AI
1:12:35 Mining / access to resources
1:15:59 Gold
1:29:26 Bitcoin
1:37:49 Lessons and reflections
1:41:07 Seeking the Truth
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. He is presently the CEO of Fiore Group. More information can be found at his website FrankGiustra.com.