Monetary Reset: Frank Giustra Warns Of U.S. Dollar ‘Crisis’

Frank Giustra, CEO of the Fiore Group, explains how the U.S. dollar is being challenged by rivals, and what the global monetary reset means for investors and consumers.
*This video was recorded on March 8, 2024
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:40 - U.S. dollar
9:13 - BRICS new payment system
12:23 - Petrodollar
17:41 - China's rise
22:42 - Gold, Bitcoin's rally
31:48 - Aris Gold
34:45 - West Red Lake Gold
39:23 - Future of media
#investing #economy #stocks

[@TheDavidLinReport]

What's the best hedge against a dollar under attack? Comment your thoughts below and don't forget to subscribe! FOLLOW FRANK GIUSTRA: Website: frankgiustra.com/ Twitter (@Frank_Giustra): twitter.com/Frank_Giustra

[@guitpizz]

Frank is dead right regarding not fully retiring. Years ago I dealt with an older client who was at least 75 years old and clearly mutli millionaire. He had sold 3 bisiness es and kept one. I was already aware of folks staying sharp linger if they kept working. I got along with him real good and I approach the topic. he told me that he liked what he was doing and that all his buddies who hit stopped working after retirements were all dead. you don't have to work like a slave. it can be having a large garden in the summer, a bit of carpentry, offering your service to do some paint jobs for folks who cannot.do it anymore, etc. Also learn software lime excel, foreign language, etc. kick the fading memory myths straight in the nuts with a nasty eye poke to finish the job.

[@Weak_juan]

Gold

[@HoneyBadger80886]

Self custody a small slice of NonETF bitcoin. #coldWallet, PMs

[@HoneyBadger80886]

Diversify widely

[@HoneyBadger80886]

Frank, do you hold bitcoin? @davidlin

[@douglasthompson9482]

One of the most accurate and honest guest. I love Frank.

[@jaylinn416]

Frank is a good man. Even though he collaborated with the Clintons in the past, He remains a good man,

[@geoms6263]

gold bug

[@alfredepding974]

I am not usually impressed with CEO's and millionaires and billionaires, but Frank's objectivity and well rounded knowledge of the world does impress me. Serious investors should take notice in a changing international status quo.

[@GenkiSugiru]

Gold's all-time high price adjusted for inflation is $3,200 in 1980. So, the nominal high of $2,180 now is 32% below the real (inflation-adjusted) all-time high. We still have a long way to go to make a new real all-time high.

[@b1burck]

Big money still believes in the Fed and fiat paper ..they want wealth overnight..once the 💩 hits the fan..the ones with deep pockets will push it up to over 3k easy

[@whiteglove5723]

Or Gold is not doing its job! Bitcoin has been! Good luck with gold!

[@whiteglove5723]

Or Gold is not doing its job! Bitcoin has been! Good luck with gold!

[@prolific1518]

Bingo.

[@prolific1518]

​@@whiteglove5723 Bitcoin is a speculative risk asset lil buddy

[@MM-sr6fw]

Truth teller. Not spreading misinformation to misled people. How refreshing!

[@jhull5870]

Frank is spot on about CNBC and Jim Cramer. I have followed and listened to Frank all the way back to his days leading Gold Corp. He is well read and extremely knowledgeable concerning the gold market. Also seeing the miner's finally reacting positively. Just for transparency I am an investor in Aris.

[@erbterb]

I have never seen a camera mounted on a swing, but now I have. It makes me appreciate radio even more, because no motion sickness.

[@kdubs9111]

This deserves a pin

[@gamanshoo]

Wtf was that?! INSANE…I just commented on the exact same thing. Frank got stiffed with the “Swing Camera” 🤣🤢🤮

[@tactileslut]

I ate too recently to watch through a camera with automatic pan and zoom. It's reactive enough to probably not be a child playing with the remote but it's absolutely not helpful.

[@huwhitecavebeast1972]

Lol he def needs to fix his cam.

[@kevinconroy6606]

It’s because of the AI generated background 😊

[@jaydee5447]

Frank is a highly moral, first class man.

[@esioanniannaho5939]

Yep made very clear how the USAs foreign policy operates like a Neighbourhoom Dom. Witness when Gadaffi et al wanted to set up a Pan African Ccy.

[@goldismoney5899]

He did deal with the Clinton foundation....So, for what it is worth.

[@chilibaldrr840]

@goldismoney5899 Go check out the work of Liz Crokin, no one has "debunked" her research.

[@xmonikerhotmailcom]

No he isn't. He is selling a product that is negative 40% vs m2 money supply in the last 10 years and dissing bitcoin which is +2300% since 2014. Charlatanry.

[@Patriot9999]

Try again, Jay.

[@katherine4365]

Frank Guistra is an excellent guest thank you!

[@silversurfer9019]

Frank has superb intuition. Yes, what is happening is different and nobody alive has ever seen anything like it

[@georget8019]

Yes, the camera is annoying, but everything else is super cool. I really like and appreciate Frank's thoughts, knowledge and intelligence. Thanks you both.

[@clarencehoover6748]

The crisis isn’t eventual; it’s here. We’re roughly at a Federal gov’t debt growth rate of $1 Trillion every hundred days.

[@jaygreenakajackstax9345]

I don't want to stop working, I'm 47, and am a Project Manager building water treatment systems for cities. That's my contribution to my fellow people and I'm proud of it ❤ Who doesn't like fresh clean drinking water.

[@titchglover2601]

great show! thank you and Frank! your guests always appear completely comfortable, and eager to be interviewed by you. It is great for us the viewer to get this professional content, your guessts speak freely on topics without interuption.

[@bobboberson5755]

The old hair was better.

[@robocup98]

lol

[@mistercut8331]

i haven't seen him for a few months and i was shocked, he always looked so neat

[@xmonikerhotmailcom]

@@mistercut8331 You people are shallow, vapid trolls.

[@sawtoothbygeorge]

Gold and silver will always be MONEY, always.

[@vincentyeo88]

What about my copper coins? 🤣

[@xmonikerhotmailcom]

Not likely as deep space exploration is starting to happen. We will be mining "rare" minerals on the moon and Mars in the coming decades. Gold isn't rare anyway, price goes up, you just dig deeper.

[@orangepearlf40]

And manipulated. Btc is worth more than any precious metals you can dig up.

[@Fabolouswon]

You forgot to mention that Giustra sits on the Clinton Foundation board.

[@lindagonzalez5513]

Wow , Frank is spot on ! Excellent guest. He’s no nonsense, no propaganda and speaks the facts ! Kudos to you for brining Frank on , he’s awesome !

[@lamarravery4094]

Eventually....The dedollarization began in 1971, but we backed it with oil and that kept the dollar going for another 50 yrs. We depend too much on foreign nations to keep our dollar going, foreign nations that aren't necessarily our allies. We sent our manufacturing to China somewhere in the 80s or 90s as well, another nail in our coffin, what did we think was going to happen? Sure people got rich with that, short term riches, but it wasn't going to be sustainable. Thanks to the greed of our CEOs and politicians, they both killed our future.

[@ToneGuruLA]

Frank offersl a lot of great insight into world events. Events that are not covered by most media... but crucial nonetheless. Thanks Frank, and thank you too David.

[@alanmrsic893]

Great stuff, Great Guest!

[@t.m.l.t.m.l.5399]

Franks new venture West Lake was built on the backs of investors in Pure Gold Mining. It was basically a deal between billionaires Sprott and Frank engineered to fleece the shareholders. All the companies who supplied the mining operation got nothing as well. The local native companies never got paid. He talks about injustices but clearly does not walk the walk. Both could have easily invested in the company. They just ran out of money. They could have directly invested in the company and it would have been a write off for a billionaire. There was no need to fleece everyone. 28 million and 25% of Westlake for Sprott and nothing for anyone else on a 1 billion market cap company. Then he wonders why all mining companies are undervalued. The investors are tired of getting screwed investing to build a mine only to lose out when it starts up. It is happening all over the industry. This is how the rich get richer.

[@pippuppy]

I couldn't agree more with you. This guys is so fake and I don't know why people are so easily fooled.

[@Sola_Scriptura_1.618]

Gold has seen a return of 8,300% since 1971 in CDN funds. I sleep like a baby, knowing Gold is WEALTH.

[@xmonikerhotmailcom]

Gold is negative 40% vs inflation since 2014.

[@xmonikerhotmailcom]

Conversely, Bitcoin is +23000% since then vs inflation.

[@dassa0069]

I started buying in 1965@$30 per ounce; that's over 10% compounded annaully

[@Sola_Scriptura_1.618]

@dassa0069 that is what is called investing. Zero risk with maximum return.

[@xmonikerhotmailcom]

​@@dassa0069 Unfortunately fiat has debased 99.4% of its purchasing power since 1913.

[@Reflect50]

Great guest. He is so brilliant and I appreciate his wisdom and experience. Thank you !

[@nicholascastro5091]

My man giving us what we need. Ty!

[@BusinessFinancialNetwork]

Frank has been at the forefront of entrepreneurship great content.

[@ronaldhenry4057]

This was a great interview. Frank G. is always someone to listen to and take seriously about U.S. and world economies.

[@allanosborne5978]

Frank is one of my favourite interviewees. Smart, personable and eloquent; what's not to like!

[@rudeawakening3833]

PHYSICAL SILVER is THE most undervalued commodity on planet - declared by economic experts not in the business of selling any precious metals . We are , according to the global silver institute , in the fourth year global deficit of physical silver . FACT - the Shanghai exchange is paying 10% - 12% arbitrage HIGHER for physical silver ; thus physical silver is being shipped EAST from the WEST !

[@edhammond6911]

Hi Mr. Mannarino

[@rudeawakening3833]

@@edhammond6911 Who the blaze is THAT ?

[@wantonfuey1]

This man is well known as being a stock scammer, and a lead promoter for mining and oil and gas scams. Amazing that you give him credit along with so many other promoting mouthpieces

[@donaldkbruce]

David...your hair is spectacular

[@malbrownie]

I’m no expert but, I think the mature aged gold bugs find it hard to understand the world doesn’t see gold to be as important as it once was.

[@pausereflect5911]

I'm not a golden oldie but still believe in GOLD. It WILL be back with a block chain element for faster transactions.

[@vfc1860]

Yet

[@Eric_Blair]

You've been living in a world that only knows fiat since 1971. When fiat finally gets measured against gold, it will fall and gold will be the last man standing. Bitcon may survive but I'm not betting on it

[@Mike-dd8bd]

Guys like this hold most of the worlds wealth though.

[@bluecollarmark]

Best interview I have seen on KZbin in a long time. How could you not feel the honesty of this Man. I do not buy Gold or Silver to become Rich, I buy it to protect myself from HOMELESSNESS. 🤷🏻‍♂️🤷🏻‍♂️🤷🏻‍♂️🦉🦉🦉to

[@christopherbailey1221]

Frank Giustra is a genius and his long history of success speak😢for itself. When he talks I’m listening! Thanks for interviewing this contemporary sage.

[@brentirwin1386]

Great interview guys!

[@Aries61]

Frank is a breath of fresh air compared to the Bit-Con pumper Sollaway!

[@christopherhernandez3909]

Frank is one of the best to listen to he cares more than just about money.. for him it’s culture and sustainability that are important as well.

[@theglobalgambit]

Good see Frank expanding on these major developments

[@richchay]

Good talk David! I was hoping you dig into Canada - and where Frank Giustra, as a fellow Canadian himself, thinks we are heading with the current administration. Lack of investment from pension funds and foreign companies into Canadian Resource sector. Being non investable due to red tape- esg, carbon tax etc. and if Canada has a future being a competitive player internationally stage in future.

[@rubicon3416]

You're shaping up to have a housing price collapse in the very near future.

[@Charlie.Willms]

bots on here are nuts. Giustra bots and shitcoin bots. I knew this interview was going to be messed as soon as you finished reading that introduction he gave you to read. anyway, you do great interviews David. Just don't trust anything this guy says

[@grigorsimonyan8784]

Very Good conversation as always with Frank Giusta. Thanks

[@kekoa1843]

This has given me my first deeper look into the person of Frank Giustra - good guy (and a genuine philanthropist)! I’m even more confirmed in the prospects of West Red Lake!

[@user-ol7tl1vf5m]

Citizens are not required to be held accountable for their financial spending to anyone, but politicians spending public funds must be held accountable.

[@bfrances2354]

Love the information that Frank Giustra shares. Please have him on the show again. Thank you David for the great content.

[@gh-dw3tg]

Fantastic guest! ....great video..keep rockin!

[@mrlarry999]

First time hearing from Frank. Impressive interview. 👍🏼👍🏼

[@rustyglass4718]

Frank Gustra is not humanity's friend.

[@Eric_Blair]

Why so? Because he's a friend of the Clintons?

[@ppierodds]

love franks lower level wine cellar in the back of the fabulous stairway

[@lawrenceli6717]

Frank, let me say what you are afraid to speak out for the reasons of gold's recent climb in price. It was due the world's majority of Central Banks, the World Gold Council and the Bank of Internal Settlement joined forced to stop the US financiers (Goldman Sack, Mogan Stanley, Citi Bank etc.) on issuing unlimited paper gold future contracts like they did in the last 50 years. From 2023 they were forced to deliver physical gold according to the gold future contracts that they sold. From now on gold price manipulation will be harder to perform therefore gold price improved, unfortunately silver future cannot follow the same yet.

[@Mrtrancefreak50]

You totally get it, not many do. Real price discovery will happen soon enough and their short hold on gold will end

[@rocking1313]

I have great respect for Frank and I think that he is talking his book - het is investing in a new gold venture. Look at the share issuance of gold majors like Barrick and Newmont for the past 6 years and you'll know what to do with gold miners. Enjoy the dilution !

[@HisLoveArmy]

His camera is so bad. 🤣 And I second that David your old hair was on point. Still love you though.

[@MrRRHHMM]

Franks a good man...

[@xmonikerhotmailcom]

Nope, selling a commodity to retail that is negative 40% vs m2 money supply since 2014 isn't nice.

[@Sola_Scriptura_1.618]

Gold is WEALTH! Full stop!

[@Sola_Scriptura_1.618]

@billhaney8160 those who fail to learn from history are doomed to repeat it!

[@cvgguy98]

​@@billhaney8160you should warn the central banks who are buying billions worth. Since they control the coming world financial system, do you really think they are misguided?

[@xmonikerhotmailcom]

Gold is negative 40% since 2014 vs inflation, bitcoin is +2300% since then vs inflation. Just sayin. Technically gold has not reached a new ATH when you consider this.

[@b1burck]

​@@billhaney8160😂😂😂😂. Money is gold 🤡. I guess you think you know more than all these central Bank's and countries buying it up?? Good luck

[@renegademind1833]

So, Frank all excited to bring new gold into the markets, further diluting the current supply. Digital gold, a way better model.

[@spiritofgoldfish]

“The US is so heavily debt-laden, its housing prices are so high and its medical care is so extremely high (18% of GDP) cannot compete. It cannot re-industrialize without taking radical steps to write down debts, to de-privatize health care and education, to break up monopolies and restore progressive taxation. The vested Financial, Insurance and Real Estate (FIRE sector) interests are too powerful to permit these reforms." That makes the U.S. economy a failed economy, and America a Failed State.” Michael Hudson, July 22, 2023

[@truthisthevictory9278]

Great interview, David.

[@hawkkim1974]

I remember, around 2002 just before Iraq war, what I heard on radio. it was an ad about gold price surge that was about to occur. The gold price went up more than 6 times since then over the 20 years. Gold is definitely an insurance against the irresponsible money printing done by banks and governments.

[@GunmanYeoh]

Gold has beaten the SNP since 2001 and they were bolstered by 4 QEs and 2 to 3 non 'QEs'.

[@user-be1hg2oh2u]

What's wrong with his camera?

[@b1burck]

Probably AI focusing but I don't know

[@goodstufflife]

Fantastic guest and great job on the interview David!

[@ScienceMinisterZero]

I love how David has built his own brand, go David!

[@LoveLiveLearnLongevity]

Very informative, Thank you!

[@dassa0069]

I started buying gold in 1967@$30 per ounce. That works out to about 10% compounded annually.

[@WTHH2]

The World needs a trading platform that is not weaponised and fair exchange

[@Freddiefingerz33]

Black Swan event coming. End of March, of beginning of April. Godspeed.

[@DannyManteca]

They usually happen in the fall or winter?

[@xmonikerhotmailcom]

Translation; you stayed on the sideline because you listened to bears.

[@b1burck]

Of 2025 ..once Trump gets in

[@wilfredteo2899]

Debt is unlimited, numbers doesn't matter anymore. The printer will never stop.

[@crouchhill]

Always admired and respected Frank 😊

[@PonziZombieKiller]

It's all gunna crash like a mofo. 😮

[@HoneyBadger80886]

What, specifically, is "all"? Short list, please

[@xmonikerhotmailcom]

Translation; you stayed on the sideline because you listened to bears.

[@PonziZombieKiller]

@paulagandolfo8321 its all I'm the charts and all about the debt.

[@SH-bw5fx]

Excellent interview , no point is missed , no stones stayed unturned , on questions regarding the BIIIIG. CHANGE happening in the world

[@yourplumbingpal1225]

I like listening to Frank's thoughts. He seems to have been there and done it and continues to everyday. Some investor and mining guy. Thanks David, great work. Some one always says gold knows which I have always thought is mad, however this rally feels like that, exactly as Frank says. Would be nice if it impacted some of my miners that is for sure.

[@anneerickson6347]

Too bad Frank’s audio is so bad (echo). He is very knowledgeable but the echo is distracting.

[@trailguy]

Currency values relative to one another is a floating abstraction, frank is right about comparing them to gold, but what is also true is that there is also a failure to compare a given currency relative to itself if not for various factors. Some people try to calculate how much inflationary pressure has been exerted on the US dollar without considering that if not for artificial forces, there would be deflation, like the u.s. in the 19th century.

[@victormontellano6763]

What advice can I get from Mrs. Giustra about starting an olive oil business?

[@luciodelgado]

EXCELLENT!

[@richardzimmermann9372]

Why is the camera zooming in and out during the interview?

[@peterwilkinson1975]

FaceTime I’m guessing

[@b1burck]

AI driven I suppose??

[@aarone8013]

Very annoying!!!!

[@tomodutchy]

Buy Cartier Resources. Chimo Mine NPV 650M at 2200 gold. Market cap 30M and they have 6 more mines. Owned by Agnico Eagle and O3.

[@mariosaati7110]

We Are Living In Exciting Times In History And We All Need To Keep The Faith And Hold The Line And Trust The Plan And Stand Well Grounded In The Believe That All Our Prayers And All Our Dreams Will Come True In Father Gods Divine Timing ⏱ Amen And Amen 🙏

[@Darkskindiplo]

The most amazing thing is that people are turning to both gold and BTC at the same time. If BTC price detached itself from the stock market, it would be so nuts.

[@goldismoney5899]

Bitcoin is a psyop. It is pure speculation. There is nothing there other than price.

[@CorTec]

yeah but when would you buy gold and get a 2 or 3 x over 10 years when you can get a 20 or 30 x in crypto over half the time.

[@Barr894]

Solution to avoid dollar crash - Fed must let rates go up. Stop the money printing to pay for deficits. Force congress to grow up and become more responsible with their spending.

[@cnxlinux]

What's interesting is the stock price divergence between North American gold mining stocks close to multiple-year lows, while some Chinese gold miners (Zijing Mining. Gold China...) are at or near all-time highs. Maybe that gives a clue as to which large central bank is buying gold.

[@LeeuwAdelaar-xe7hh]

Franky 👏

[@DrAge-wq4om]

what part of inflation adjusted don't you get? inflation adjusted gold is not at an all time high and miners costs are up over 20%

[@user-xg6yc8ho3w]

Wise words from Frank.

[@fushionm6098]

The rot started in 2008 and now heading for the great showdown. Titanic did sink it was quite fast towards the end.

[@roslyntchakedjian927]

Thank you Gentlemen excellant as always.

[@Vagabor123]

Usd isnt going anywhere.

[@borisdodgingbullets]

David, I live in the UAE where it, along with Thailand and China, started the MBridge project with the BIS in 2019. The first CBDC payment was completed on January 1st in the amount of $14,000,000 with China. CBDCs are already being used here. Also, the digital Euro was launched last year in November. Also, through my current account with Ras Al Khaimah, I can buy gold at a 10% discount to spot for collection and self-custody. This started last year.

[@HoneyBadger80886]

Thx. And how does crypto factor in?

[@borisdodgingbullets]

@@HoneyBadger80886 I can’t say. But, I do know that central banks don’t like competition for their fiat currencies. For instance, it’s banned in China. It’s banned in neighboring India, Qatar, and Oman. I suspect that it will be banned in Saudi Arabia and the UAE as CBDCs become pervasive. In fact, it’s already banned in half of the BRICS+ countries.

[@skydragon23101979]

How are they trading using this Mbridge system? What are the trades priced in? USD?

[@borisdodgingbullets]

@@skydragon23101979 They’ve already switched to the use of local currencies. This is accelerating!

[@borisdodgingbullets]

@@skydragon23101979 Interesting. I responded earlier. My response was removed. Local currencies.

[@kalobrogers235]

What metrics are they using for measuring gold against the dow? Every measure I can find has the dow and sandp way above gold especially in the past 30 years

[@kaizen960]

He said there's two wars going on. He's wrong, it's one war and one genocide!

[@stopper90004]

Hamas: Fucks around Israel: "Find out"

[@tuhingatoha1134]

Frank is an absolute maestro...thanks for getting him on David.

[@jerryc5743]

10:56 - this may be great in the context of West versus BRICS but, for any consumer anywhere, it is a form of social control which c@n limit your purchasing power based on social credit systems, I.e. how obedient you are to the State.

[@MyNameIsINTERSTITIAL]

Yup. Learned a lot. Since Mr Giustre is so clever, financially, he's obviously done investigative work. Oddly that duzn't seem to tie in with his friendships. No allegations, just a notation.

[@tgee66]

David is superb

[@christianlange9434]

Great guest meets smart moderator😊

[@The3rdTower]

I saw his debate against Michael Saylor, some time ago. Frank Giustra seems destined to grow old without fully understanding Bitcoin.

[@robshell5367]

He is a gold salesman. He won't do anything that would go against that. The so called debate he had was pathetic.

[@featme7931]

Looks like a brand new channel to me.

[@terencewise7349]

From Terence Wise in UK.........We are going to witness a dollar crisis in March if the Fed cuts rates to facilitate the re financing of under water loans.

[@comentarioscomentar]

It doesn't matter when you read this. GOLD IS KING. ALWAYS It is not the dollar, nor oil, nor anything else. Gold has always been king. That is why no central bank in the world has gotten rid of its gold reserves.

[@robshell5367]

Prove it. You can't. It is a shell game when it comes to gold and who has what.

[@sheevamatimbas4300]

I have been listening to macro and geopolitics podcasts for the last 4 years or so from various people in these fields and most of them I have worked out talk a load of sh1t. There are really handful of people who really know what the are talking about and Frank is definitely one of them 👍

[@martinbeckmann9376]

That ‘ unexplainable’ gold rally is nothing more than a catch up to the true price.