Willem Middelkoop: BRICS Expansion and the Risk of WW3

Join Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, as she delves into a critical discussion with Willem Middelkoop, Founder and CIO of the Commodity Discovery Fund. Middelkoop unveils the alarming implications of the BRICS expansion, framing it as the latest move in an ongoing economic war against the West. He asserts that this expansion is pushing us one step closer to a potential World War III scenario.

In this interview, Middelkoop dissects the BRICS' strategic decision to extend formal invitations to six new member nations and meticulously examines the repercussions on the United States and the stability of the dollar. Additionally, he raises the pressing issue of an impending global economic reset and the emergence of a new monetary system centered around gold and other commodities. This conversation offers essential insights into the evolving geopolitical landscape and its profound impact on the world economy.

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Follow Willem Middelkoop on X (formerly Twitter): @wmiddelkoop (https://twitter.com/wmiddelkoop)

00:00 - Intro: BRICS expansion
03:50 - Saudi Arabia and the petrodollar
08:52 - BRICS expansion, oil and the U.S. dollar
14:40 - Common agenda
18:33 - Bretton Woods III, BRICS common currency, trading in local currencies
33:25 - China is taking the leadership role
37:01 - Outlook on the war in Ukraine, Russia
41:01 - U.S. reaction
43:00 - WW3
49:27 - ‘The Big Reset’ and the role of gold
56:57 - Gold price outlook
1:01:46 - Current portfolio allocation + Bitcoin
1:05:09 - Silver
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