\u201cThe Fed should be abolished, it\u2019s the engine of inflation,\u201d warns legendary investor Doug Casey in this exclusive conversation with Daniela Cambone. With inflation heating up and jobs collapsing, Casey says political pressure from Trump will push the Fed to cut rates, poisoning the economy\u2019s \u201clifeblood\u201d and speeding up the dollar\u2019s decline. He calls gold \u201cthe inevitable and imminent\u201d replacement for paper money, pointing to BRICS nations turning away from the U.S. dollar and moving toward gold-backed trade. Casey also warns that Iran\u2019s grip on global oil and Trump\u2019s unpredictable foreign policy could spark a major crisis, similar to the Cuban Missile standoff. He wraps up by unveiling The Preparation, his guide to helping young men become \u201cconfident, competent, and dangerous\u201d through real-world skills and travel instead of college debt.<\/p>\n
What happens when the financial lifeblood of a nation is poisoned?<\/em> The Fed\u2019s so-called \u201cdual mandate\u201d of price stability and maximum employment is little more than political cover. Casey calls the institution \u201cthe engine of inflation\u201d<\/strong> \u2014 and argues it should be abolished entirely.<\/p>\n Trump\u2019s target:<\/strong> Cutting short-term rates from ~6% to ~3%<\/p>\n<\/li>\n Mechanism:<\/strong> Fed can only adjust the short end by creating new money<\/p>\n<\/li>\n Inevitable outcome:<\/strong> Lower short-term rates\u2026 but higher long-term rates as debt markets revolt<\/p>\n<\/li>\n<\/ul>\n The real danger:<\/strong> By flooding the system with even more fiat, Washington would devalue savings, fuel speculation, and worsen the debt spiral \u2014 leaving everyday Americans poorer and more dependent.<\/p>\n Casey warns that \u201cperpetual inflation discourages savings\u201d<\/strong> \u2014 a reality he\u2019s seen firsthand in developing nations. Without stable money, people either spend immediately or borrow against the future, trapping themselves in debt servitude.<\/p>\n Gold, unlike fiat, can\u2019t be printed into oblivion. And in a world where:<\/p>\n The U.S. carries $37 trillion in debt<\/strong><\/p>\n<\/li>\n The BRICS see the dollar as a \u201chot potato\u201d<\/p>\n<\/li>\n Fiat currencies are just \u201ctoilet paper\u201d in waiting<\/p>\n<\/li>\n<\/ul>\n \u2026it\u2019s no wonder Casey believes gold will be institutionalized as the new international money<\/strong>.<\/p>\n The BRICS bloc \u2014 Brazil, Russia, India, China, South Africa, and others \u2014 now openly reject settling trade in U.S. dollars. Why?<\/p>\n Weaponized finance:<\/strong> U.S. asset seizures (Russia) prove dollar holdings can vanish overnight<\/p>\n<\/li>\n Mutual distrust:<\/strong> No member wants another\u2019s fiat<\/p>\n<\/li>\n Historic precedent:<\/strong> Gold has always been the neutral store of value when trust fails<\/p>\n<\/li>\n<\/ul>\n Casey\u2019s take: The inevitable return to gold is no longer a distant possibility \u2014 it\u2019s an imminent shift.<\/p>\n If Iran closes the Strait of Hormuz<\/strong> \u2014 through which 25% of global oil flows \u2014 prices could spike to $200 a barrel overnight. Worse, oil availability itself could collapse.<\/p>\n Modern missile tech means even \u201cbackward\u201d nations like Yemen can deter U.S. warships. In this climate, U.S. interventions risk provoking both nuclear powers and resource chokepoints \u2014 with devastating knock-on effects for global trade and domestic inflation.<\/p>\n When the dollar\u2019s purchasing power erodes and trust in fiat evaporates, tangible assets<\/strong> are the last line of defense. Physical gold and silver offer:<\/p>\n Wealth preservation<\/strong> independent of government policy<\/p>\n<\/li>\n An inflation hedge<\/strong> proven over centuries<\/p>\n<\/li>\n Liquidity without counterparty risk<\/strong><\/p>\n<\/li>\n Historical resilience<\/strong> in times of war and monetary resets<\/p>\n<\/li>\n<\/ul>\n In the showdown between gold vs. dollar<\/strong>, history \u2014 and math \u2014 say gold wins.<\/p>\n [Link to related guide or post]<\/p>\n From the Fed\u2019s reckless monetary games to BRICS-led dedollarization and geopolitical powder kegs, the threats to financial stability are converging. Casey\u2019s warning is blunt: The inevitable has become imminent.<\/strong> The only question is whether you\u2019ll still be holding paper promises when the reset comes \u2014 or hard assets that can\u2019t be wished away.<\/p>\n ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today\u2019s economic threats.<\/p>\n
According to Doug Casey, that\u2019s exactly what the Federal Reserve has been doing for decades \u2014 and the looming Trump-driven push for massive rate cuts could turn chronic economic illness into a full-blown systemic collapse. With inflation still eroding savings, the BRICS openly rejecting the dollar, and geopolitical flashpoints threatening oil supplies, the urgency for real, tangible wealth preservation has never been greater.<\/p>\n
\nThe Fed\u2019s Catastrophic Rate-Cut Trap<\/h2>\n
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\nInflation\u2019s Silent Theft \u2014 And Why Gold Wins<\/h2>\n
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\nBRICS Revolt: The Dollar\u2019s Global Rejection<\/h2>\n
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\nGeopolitical Flashpoints: Oil, Iran, and the $200 Shock<\/h2>\n
\nGold & Silver: Your Crisis Insurance Policy<\/h2>\n
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\nConclusion<\/h2>\n
\nAbout ITM Trading<\/h2>\n