cover of episode Dr. Nomi Prins: Why Uranium, Gold and Silver are the Actual Winners of the Election

Dr. Nomi Prins: Why Uranium, Gold and Silver are the Actual Winners of the Election

2024/11/12
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Shownotes Transcript

Tom welcomes back Dr. Nomi Prins, financial expert and best-selling author, about the impact of the U.S. election on markets and her outlook for the economy. Dr. Prins highlights the disconnect between the thriving financial markets and the stagnant real economy, with high debt levels and inflation surpassing wage growth. The election brought attention to voters’ economic concerns, although neither candidate presented substantial plans for addressing debt and deficit issues. Trump’s promises on immigration and inflation reassured some, but his lack of a comprehensive economic strategy remains a concern for Dr. Prins.

Tom and Dr. Prins explore the economic implications of tariffs, focusing on Trump’s plan to impose tariffs on imports. The reduction in supply from tariffs causes price increases and inflation, potentially harming the domestic economy unless the country can offset these costs by participating in multiple parts of the supply chain.

The nuclear energy industry is positioned for growth following the election results, with companies like Microsoft and Amazon considering nuclear power deals. The state of energy development in the United States is also explored in the context of Trump’s plans to deregulate.

Dr. Prins discusses the movement of the US dollar after the election results and the potential for de-dollarization. The US dollar continues to be the world’s top reserve currency, but longer-term trends suggest de-dollarization through trade agreements in non-dollar currencies, alternative trading currencies, and infrastructure development. Central banks’ interest in gold as a hedge against risks, coupled with increasing demand from consumers in countries like China and India, positions gold to play an essential role in this framework.

Time Stamp References:0:00 – Introduction0:54 – Election Change Anything?4:03 – Trump Economic Policy?7:54 – Tarriffs & Consequences11:35 – Senate & House15:37 – Energy & Deregulation17:53 – Permian Shale Status20:22 – Strategic Mineral Reserve24:02 – Capital Deployment Goals26:40 – Nuclear Energy & Tech32:54 – BRICS & Dedollarization37:12 – Banking Architecture38:31 – Gold Reserves & Trust42:20 – Russia Silver Reserves46:46 – Banks Diversification49:02 – Banking System Stress52:26 – Wrap Up

Talking Points From This Episode

  • Financial expert Dr. Nomi Prins discusses economic disconnect between markets and real economy, focusing on US election impact.

  • Trump’s promises on immigration and inflation influenced markets, but lack of economic strategy remains a concern.

  • Tariffs, nuclear energy growth, and de-dollarization are major economic shifts following the U.S. election.

**Guest Links:**Twitter: https://x.com/nomiprins)Website: https://nomiprins.com/)Substack: https://prinsights.substack.com/)

Dr. Nomi Prins as a Wall Street insider and outspoken advocate for economic reform, Nomi Prins is a leading authority on how the widespread impact of financial systems continues to affect our daily lives. She has spent decades analyzing and investigating economic and financial events at the ground level and meeting with those that shape the world’s geopolitical-economic framework. She continues to break stories by conducting independent research, writing best-selling books, and traversing the globe to share her knowledge and demystify the world of money.

Before becoming a renowned journalist and public speaker, Nomi reached the upper echelons of the financial world where she worked as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, was a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. During her time on Wall Street, she grew increasingly aware of and discouraged by the unethical practices that permeated the banking industry. Eventually, she decided enough was enough and became an investigative journalist to shed light on the ways that financial systems are manipulated to serve the interests of an elite few at the expense of everyone else.