Frank Giustra joins Daniela Cambone at the Rule Symposium in Boca Raton to deliver a hard-hitting assessment of the dollar’s steep decline — now in its worst stretch since the Nixon era. From unsustainable U.S. debt and deficit spirals to escalating tariff threats and the growing global revolt against dollar hegemony, Giustra lays out why the greenback’s dominance may be on its last legs.

He argues this isn’t 3D chess — it’s fiscal chaos. With over $2 trillion in annual deficits and a political system too broken to stop the bleeding, Giustra warns we’ve passed the event horizon. As BRICS expands and gives the Global South a unified voice, a global pivot is already underway — from de-dollarization to gold accumulation. “Winter is coming,” he says, and policymakers are still whistling past the graveyard.

Plus: What happens when $10 trillion in U.S. debt needs refinancing… and no one wants to buy? Why QE isn’t dead — it’s inevitable. And why Basel III’s tier-one classification may finally unleash gold’s true price. Watch to the end as Giustra explains why gold — not dollars — will anchor the next financial system.

The Dollar Is Dying, and No One in Power Seems to Care

Is America on the brink of its own financial implosion?

We are witnessing the worst period for the U.S. dollar since Richard Nixon severed gold convertibility in 1971. Frank Giustra, a long-time critic of dollar hegemony, is now doubling down on his warnings. He says we are past the point of no return.

The core keyword here is simple and terrifying: dollar collapse.

And it isn’t hyperbole. The signals are flashing red. Yet, Washington continues down a path of unchecked debt, geopolitical overreach, and economic fantasy.

Unsustainable Debt Spiral: The Math Doesn’t Lie

America’s debt is growing faster than its GDP, and the government has no plan to stop it.

• Annual deficits are now locked in at $2+ trillion as far as the eye can see
• National debt is projected to hit $60 trillion in 10 years
• Debt servicing costs will soon outpace discretionary spending

Frank put it bluntly: “We passed the event horizon a long time ago.”

Wall Street cheerleaders like to pretend the Fed can fix this. But printing more debt to cover debt is an ancient game of fools.

Just ask Rome.

BRICS: The Bully Gets Pushed Back

De-dollarization isn’t a theory. It’s policy now for 120+ countries tired of U.S. weaponized finance.

• 44 nations want to join BRICS
• BRICS now represents nearly half the global population and GDP
• Nations are dumping U.S. Treasuries and pivoting to gold-backed trade systems

As Frank noted, _”It used to be easy to bully one kid. But if 45 of his friends line up behind him, you think twice.”

The rest of the world is thinking twice about the dollar.

QE4EVER: The Federal Reserve Will Be the Final Buyer

The U.S. has a $9 trillion rollover problem and no foreign buyers.

• China has dumped U.S. Treasuries to $750 billion, and Japan is selling too
• U.S. savings only cover half of the new debt supply

Frank says the math is clear: the Fed is the only buyer left.

And when Trump (or any administration) wants rates back at 1% to juice growth, the only way to force long-term rates down is with massive QE.

QE will return. And next time, it might be the final nail in the coffin.

Gold: The Comeback Asset in a Failing System

Gold is no longer for “lunatics,” as Jeff Gundlach said.

• Basel III elevated physical gold to tier-one status, same as Treasuries
• Paper gold manipulation is breaking down
• Commercial banks are shifting toward physical reserves

Frank highlighted the massive gold flows into the U.S. from London starting in December 2024. This isn’t speculation. It’s a global repositioning.

Physical gold and silver are being remonetized. Not fringe. Not conspiracy. Reality.

Gold & Silver: The Only Exit Left for Wealth Preservation

In a world where fiat is failing, and trust is collapsing, tangible assets remain the final outpost of freedom and security.

• Gold is a proven inflation hedge and store of value
• Silver offers industrial upside and historic undervaluation
• Unlike fiat, they are not someone else’s liability

When politicians play games with your future, gold doesn’t lie. It just sits there, real, immutable, outside the system.

Conclusion: Prepare Before the System Breaks

Winter is coming. The dollar collapse is no longer a risk. It’s a process unfolding in real time.

While policymakers chase power and headlines, the fundamentals are deteriorating at a pace history has seen before—but never on this scale.

If you’re not positioning now, you may not get the chance later.

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