{"id":36334,"date":"2024-12-02T14:51:24","date_gmt":"2024-12-02T21:51:24","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=36334"},"modified":"2024-12-02T14:51:24","modified_gmt":"2024-12-02T21:51:24","slug":"trump-warns-brics-dont-even-think-about-replacing-the-us-dollar-will-he-succeed","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/trump-warns-brics-dont-even-think-about-replacing-the-us-dollar-will-he-succeed\/","title":{"rendered":"Trump Warns BRICS: Don\u2019t Even Think About Replacing the US Dollar \u2013 Will He Succeed?"},"content":{"rendered":"

QUESTIONS OR CONCERNS?\u00a0Talk With An ITM Trading Analyst Now:\u00a0Schedule a Free Strategy Call<\/a>\u00a0or Speak to Someone Now at 866-706-9061.
\n<\/strong><\/p>\n

“He [Donald Trump] will be successful with it because at the end of the day, they need us,” Todd Bubba Horwitz, founder and CEO of Bubba Trading, tells our Daniela Cambone. He explains that president-elect Trump\u2019s rhetoric over the weekend warning BRICS nations against creating a new currency will be ‘successful,’ as they will not pose a serious threat to the U.S. “I think there’s a greater reality that Bitcoin becomes a currency among the globe versus the BRICS nations and what they’re trying to do,” Horwitz adds. He also highlights concerns about the U.S. economy, citing the national debt as a significant issue. “If you’re making 150,000 or below, you’re in a recession. If you live in New York, you can’t live on 150,000 a year if you live in Manhattan,” he asserts. Watch the full video to learn more about his perspective and financial strategies for navigating these challenges.<\/p>\n

Trump’s Tariff Warning and the BRICS Challenge<\/strong><\/h2>\n

President-elect Donald Trump\u2019s recent ultimatum to BRICS nations highlights escalating tensions. Trump warned these nations to halt efforts at developing an alternative currency to the U.S. dollar, threatening 100% tariffs. Todd ‘Bubba’ Horwitz emphasized Trump’s strategic position, asserting, \u201cThey need us more than we need them.\u201d According to Horwitz, the United States\u2019 self-sufficiency in energy and resources grants it unparalleled leverage.<\/p>\n

However, the discussion also acknowledged the complexity of isolating a significant bloc like BRICS, which controls much of the world’s mineral wealth. Horwitz expressed confidence that alternative currencies would struggle to gain traction, noting, \u201cThere\u2019s a greater reality that Bitcoin could become a global currency before BRICS succeeds.\u201d<\/p>\n

Biden, Black Friday, and Economic Realities<\/strong><\/h2>\n

President Joe Biden\u2019s decision to pardon Hunter Biden has sparked bipartisan criticism. Horwitz remarked, \u201cIt\u2019s no surprise\u2026 the law applies to everyone but his family.\u201d Beyond politics, the discussion turned to the economy. Black Friday sales broke records, but as Horwitz pointed out, inflation diminishes these gains, making the real economic picture less rosy.<\/p>\n

The discussion also touched on the challenges faced by middle-income earners amid rising debts and inflationary pressures. With credit card debt reaching historic highs, Horwitz predicted a rocky first quarter in 2025, where \u201cbills will come due.\u201d<\/p>\n

Gold’s Resilience in a Turbulent Ecosystem<\/strong><\/h2>\n

Gold remains a cornerstone of financial security, even in an ecosystem increasingly shaped by cryptocurrency. As central banks worldwide, including Poland, continue to stockpile gold amidst geopolitical uncertainties, Horwitz reiterated its timeless value. \u201cYou always want something tangible you can hold, feel, and store,\u201d he noted, contrasting gold with the intangibility of digital assets.<\/p>\n

Despite fluctuations, gold has seen a robust rally this year, climbing nearly 30%. Horwitz projected strong support levels at $2,600 per ounce, signaling potential for further gains as economic realities set in.<\/p>\n

Why Gold Matters More Than Ever<\/strong><\/h2>\n

In uncertain times, gold\u2019s role as a hedge against inflation and economic instability is undeniable. As the Federal Reserve struggles with mixed signals on interest rates and inflation remains a persistent concern, tangible assets like gold and silver offer a beacon of stability.<\/p>\n

Secure Your Wealth with Gold<\/strong><\/h2>\n

At ITM Trading, we understand the challenges of navigating an unpredictable economy. Whether it’s Trump’s tariff warning, Biden’s policies, or shifting global dynamics, gold remains a steadfast option for protecting your wealth. As Todd ‘Bubba’ Horwitz and Daniela Cambone highlighted, the fundamentals driving gold\u2019s appeal have never been stronger.<\/p>\n

Take the first step toward financial security. Contact ITM Trading today<\/a> and learn how you can safeguard your future with tangible assets like gold and silver.<\/p>\n","protected":false},"excerpt":{"rendered":"

QUESTIONS OR CONCERNS?\u00a0Talk With An ITM Trading Analyst Now:\u00a0Schedule a Free Strategy Call\u00a0or Speak to Someone Now at 866-706-9061. “He [Donald […]<\/p>\n","protected":false},"author":23,"featured_media":36335,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2922],"tags":[3145,3620,3644,3665,4324,4328,4381,5001,5002,5003,5004,5005,5006,5007,5008,5009,5010,5011,5012],"class_list":["post-36334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daniela-cambone-show","tag-daniela-cambone-show","tag-global-economic-shifts","tag-federal-reserve-policies","tag-gold-market-trends","tag-inflation-and-gold","tag-gold-as-a-safe-haven","tag-cryptocurrency-vs-gold","tag-trumps-tariff-warning","tag-brics-currency-challenge","tag-biden-black-friday-economy","tag-todd-bubba-horwitz-analysis","tag-economic-volatility-2024","tag-central-banks-gold-buying","tag-u-s-reserve-currency-status","tag-gold-standard-discussions","tag-debt-and-inflation-impacts","tag-black-friday-sales-analysis","tag-market-predictions-2025","tag-economic-instability-solutions"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/36334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=36334"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/36334\/revisions"}],"predecessor-version":[{"id":36336,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/36334\/revisions\/36336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/36335"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=36334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=36334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=36334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}