Steve Bannon

That was very important to start with Philip Patrick.

Hey, Philip.

We've come up with the eighth installment of End of the Dollar Empire.

It's during a time of pretty unique turbulence geopolitically, maybe the most turbulence we've had since Vietnam War, maybe even going back to World War II, given the broad nature of this situation.

a war that we're fighting in the Middle East right now.

And of course, you got the situation in Ukraine and you've got the dollar.

We have obviously enemies against the United States that are using the weapon to weaponize other currencies against us.

We now know that in the Strait of Hormuz, which is clearly the center of battle, the center of gravity of this conflict, the tolling, we're now told, is being done in Chinese currency, in Chinese yuan.

And that people are saying this is a fight over the petrodollar.

At the same time, and we haven't had enough time to go through this and present it, so it'll probably be...

Monday or Tuesday of next week.

We understand the new 2027 budget is coming out from the Trump administration.

Bloomberg's already got a copy of it, but it talks about pretty significant deficits.

I don't think we're going to get to

Scott Besson, a former contributor here, his target of going from 6% to GDP to 3%.

I think these deficits are going to be quite large.

And I believe the Congressional Budget Office is actually projecting the 10-year increase in deficits is going to be the tune of $16 to $20 trillion.

So that the fiscal cliff we've been talking about seems like we're going, it appears from the math that we're going with the pedal to the metal.

Put it in perspective, what does that mean for when people think of precious metals, they think of alternatives to more traditional investments they've got, and particularly investments that are directly tied to the dollar?

Where do you think that puts us?