Interview · moment 6 of 28
Zero Interest Rates, the Fed, and Bricks Nations Rebelling Against the Dollar
from Steve Bannon Emergency Podcast | The Tim Dillon Show #433 · #433
3 min
Guest
Bannon connects the Fed's zero-interest-rate policy to wealth concentration among the elite, cites Christopher Leonard's 'Lords of Easy Money,' and explains how BRICS nations are banding together against dollar devaluation.
- Tim argues the financial system is totally rigged against the little guy, saying if you're not making Wall Street nervous you're not doing your job.
- The entire world's post-war order rests on the shoulders of the guy making $35,000 to $45,000 a year in America.
- Tim explains how the U.S. maintains empire through security guarantees and the dollar as reserve currency around the Eurasian rim.
- BRICS nations—Brazil, Russia, India, China, and South Africa—are rebelling against the dollar system because they're selling natural resources for depreciating currency.
- Tim notes the BRICS countries might be thinking of bundling their purchasing power or creating a competing currency, with China pushing to destroy U.S. economic dominance.