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| This is what happens when the fourth turning meets fifth generation warfare. | |
| A commentator, international social media sensation, and former Navy intelligence veteran. | |
| This is Human Events with your host, Jack Posobic. | |
| Christ is King. | |
| New developments in President Trump's on again, off again, trade war with China. | |
| On Monday, Trump signed an executive order to delay steep reciprocal tariffs on Chinese products for at least another ninety days. | |
| Now this gives the two countries time to work on a long term trade deal. | |
| US tariffs on Chinese goods will remain at thirty percent, while China says it will maintain a ten percent levy on US products. | |
| The key thing about gold is it just absolutely loves mister Trump, the gold market. | |
| And you saw just one of those other nuances, the potential for the tariffs, which was kind of silly, but now we're seeing it's not going to happen in gold. | |
| The bottom line for gold is the nuances of mister Trump are nothing but good. | |
| Following an unprecedented order from President Trump, hundreds of National Guard troops are expected on the streets of Washington, DC, beginning today, according to a White House official, to crack down on crime. | |
| We're declaring public safety emergency in the District of Columbia. | |
| The President deploying the guard and taking federal control over the DC Police Department for up to thirty days without congressional approval, citing violent crimes like a recent attack on a former Doge employee during an attempted carjacking. | |
| While announcing what he calls a crime crackdown in the nation's capital today, President Donald Trump also set his sights on Chicago. | |
| He says we are next when it comes to National Guard deployment and he wants to end the no cash bail policy. | |
| Days before he meets with Russia's president for what President Trump calls a feel out meeting seeking to end the war in Ukraine, the leader of the free world seeming to make concessions on Ukraine's behalf. | |
| There will be some land swapping going on. | |
| I know that through. | |
| Russia and through conversations with everyone, to the good for the good of Ukraine. | |
| Good stuff, not bad stuff. | |
| Also some bad stuff for both. | |
| Ceding territory to Russia is something Ukrainian President Volodymyr Zelenskyy has long rejected. | |
| Russia's desires to rule over Ukrainian territories will remain just desires as long as Ukrainians stand shoulder to shoulder, helping the army and helping the state. | |
| All right, Jack Vasovic, here we are back, Human Events Daily. | |
| A little bit of a truncated show today. | |
| A lot going on, complicated business behind the scenes here at Human Events. | |
| at human events daily working on a few things that will be made public at the appropriate time but here's something that president trump made public just yesterday with the truth social post that he put up for the entire world to see and he talked about gold and he talked about the fact that there will be no tariffs on gold he put up the truth social post and folks think about it when you think of Trump, | |
| right? | |
| Donald Trump. | |
| You think of gold. | |
| It's almost synonymous. | |
| It's his hotels. | |
| It's his penthouse. | |
| It's all of the things that he's put together. | |
| It's almost synonymous with gold itself. | |
| And so the fact that he's tying all of these new economic programs to no tariffs on gold and thought it was important enough to raise to the level of public awareness is something that we should all be focusing on. | |
| And so in order to do so. | |
| I said we got to get Alex Abkarian on from Allegiance Gold to walk us through all of this. | |
| Alex, how are you? | |
| I'm well. | |
| Thanks. | |
| How are you, Jack? | |
| I'm doing great. | |
| So Alex, what does it mean? | |
| What does it mean when President Trump says that there will be no tariffs on gold. | |
| How does this affect the market and why is he excluding this precious metal? | |
| Well, when you think about President Trump, as you mentioned, let's reference to the number of gold scenarios that he utilized from the Golden Age, the Golden Dome, the gold standard science to the gold decor that he has in his office. | |
| He even appointed a Treasury Secretary. | |
| that was also labeled as a gold bug, especially when he was managing the Soros fund. | |
| So coming back to your question, the media played it off that this was a misinformation. | |
| As a matter of fact, the way I think about president trump i think this was a deliberate strategic move and here's why three takeaways that i learned and i studied this number one he wanted to see the market reaction because thursday is when the news broke right 39 tariff on uh gold imported from switzerland one kilobar and 100 ounces nothing occurred on friday there was a little bit of a signaling but in the last three days there | |
| were the the media was mute and then all of a sudden president trump uh and on his truth social tweeted his actual position now why is this important we got to understand the backdrop of this. | |
| In the last three years, we've seen an influx of gold imports from Switzerland. | |
| Once you understand the numbers, you understand the reasoning behind this strategic trust positioning. | |
| In 2023, we've imported about 6.1 billion. | |
| 2024, double that, about 11 billion. | |
| During the first six months of the year, We've imported about 39.2 billion Swiss franc, almost four times that. | |
| And obviously, Switzerland is one of the valves of the gold refineries. | |
| So half of the imports came from Switzerland. | |
| So the first reaction that President Trump was looking at, in my opinion, is to understand where is the pressure points. | |
| Okay. | |
| So that's very much of a valuable intel. | |
| The second thing was to signal both to allies and to our adversaries. | |
| I think last time on the show, we talked about the BRICS nation. | |
| We talked about how central banks have been de-dollarizing and minimizing the utilization of dollar as an alternative and going into gold. | |
| So what President Trump basically said in a very simple way is that, look, we're watching the gold game that you're playing. | |
| And you're not going to have it easy. | |
| You're not going to have this tariff free pass. | |
| And speaking about tariff, I mean, look at earlier this week, we got this brilliant reverse tariff on the two largest chipmakers, Nvidia and AMD. | |
| So the way I think about this is the messaging and the signaling. | |
| Now, to Switzerland, we basically said, hold on a second. | |
| We know that you're the largest refiner, but make no mistake. | |
| At some point, we might have to go back to the negotiating table. | |
| And domestically, his message was very clear. | |
| I'm not anti-gold. | |
| Okay. | |
| But I may use it as a bargaining chip at some point. | |
| So in a nutshell, what does this mean? | |
| When the U.S., the largest, the most important country in the world, talks about gold, the world pays attention. | |
| And what we're seeing is that overall, demand is gradually growing. | |
| Yes, gold went up all the way up to 3,500 overnight on Thursday nights, and now it leveled off. | |
| So in a nutshell, the, This is not labeled misinformation. | |
| This is strategic positioning. | |
| And we've seen President Trump utilize that over and over, specifically in his second term. | |
| So taking a look at that, and of course we've seen the rise of precious metals throughout the entire scope of what President Trump has accomplished since coming back to office in January. | |
| How does China play into all of this? | |
| Okay. | |
| Well, China obviously is leading the BRICS nation. | |
| If we go back five years, they used to have about $1.3 trillion in US Treasury bonds. | |
| Gradually, they've been dropping that. | |
| Right now, it's about $780 billion. | |
| What have they been doing? | |
| Alternatively, they've been buying more gold. | |
| But you have to understand the psyche of the Brexit nation and specifically China. | |
| China is the world number one gold producer and yet importer. | |
| Russia is the second largest gold producer. | |
| Their frustration is, well, we're the ones who are producing this. | |
| Why should we let the West, the Comex market, which the future contracts brings in, it's the largest future gold contract, about 500 billion. | |
| Why should we let the West control the price discovery when we are the producers? | |
| So here's what China's doing in the background. | |
| Strategically, we just delayed another tariff to November 9th. | |
| We're still doing a lot of the negotiations and President Trump alluded that there's been some progress. | |
| So in the background, China's action is much louder than what they're saying. | |
| Gold is increasing, US Treasury dependency is dropping. | |
| And that's a problem for us down the line because they also have their Shanghai exchange. | |
| Here in the US, we have the Comex. | |
| The second one is the London bullion market. | |
| But gold is migrating from west to east. | |
| Their intention is not only do we want to control the product, but we also want to be the players that set the price as opposed to depending on the U.S. That's just like the CCP all over. | |
| They don't want to just run the game. | |
| They want to run the entire house, you know, and what do you say to people then who say, well, you know, I hear you, but I'll wait for gold to go down before I get involved. | |
| Oh, I've been hearing that for the past five years. | |
| We saw what occurred in 2020. | |
| When gold hit 2000 in August 2020, a lot of people said, oh, this is the all-time high. | |
| Look, gold is a strategic asset. | |
| It's an actual way of wealth. | |
| You're not looking at this to trade on a day in, day out. | |
| Year to date, the dollar is down about 10%. | |
| Gold is up 25%. | |
| You have to understand how gold performed during President Trump first term. | |
| It improved by about 53%. | |
| The dollars dropped. | |
| Right now, we're in a fight with the Federal Reserve. | |
| We have an ability to add a new governor. | |
| And we're in discussions to potentially lower the interest rates. | |
| So all Gold is not only about this protective asset that it's a hedge against inflation. | |
| It's no longer just acting that. | |
| Gold is not even acting as a safe haven asset because economically we don't have any major setbacks. | |
| So for folks that are considering by looking at their statement and measuring their wealth only in terms of dollars, they're missing out. | |
| Gold is a great diversifier against economic uncertainties, against anything to do with the currency and the market in general. | |
| So don't think about gold as this archaic way of an asset that is not doing anything. | |
| Think about how can I position myself similar to central banks? | |
| is it that president i mean president trump is giving you the hint why is he utilizing the word gold and gold and gold and gold and every other scenario is the gold The golden age, right? | |
| The golden age. | |
| And by the way, I'll throw it out for folks who want to get any info. | |
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