Philip Patrick

They talked about cooperation, but it was never anti-U.S.,

That response sparked Lula.

And he came out and he said, listen, we're sovereign nations.

We don't want an emperor.

We're going to continue to be dollarized piece by piece until it's consolidated.

So, you know, the hammer ultimately just fueled the fire.

I think there's a real opportunity here for President Trump to bring Lula a little bit closer and get what we need out of them.

We've got to break this relationship down with China and Brazil, put some sort of

blocks in the bricks, if you will.

And I think President Trump has an opportunity to do that.

He's ultimately an expert negotiator, and I think he'll get what he wants out of this.

Let's use carrots a little bit more than sticks in this situation, and I think we'll get better results.

Look, I mean, debt is the problem of the West today.

And I think the world's largest margin call means a lot of lenders are going to take a haircut.

And I think, quite honestly, central banks around the world, they see the writing on the wall.

They understand the history of currency very well, better than most.

And it's exactly why...

partially central banks are buying gold again in record levels.

There is no counterparty risk.

They're the ones who print currency.