Frank Knopers on US downgrade, new BRICS currency and deflation

In this episode, Paul Buitink and Sven Kuijpers of Holland Gold talk to Frank Knopers of Geotrendlines and co-author of the book "From Gold to Bitcoin!". Frank elaborates on the downgrading of the credit rating of the US to AA+ by credit rating agency Fitch. What does this mean for the United States?

It's grist to the mill for the BRICS countries, but is a (gold-backed) BRICS currency realistic at the moment? The shift in the balance of power in the world is also evident from the increasing activities of Russia in Africa and the coup d'état in Niger. What's behind it and what are the consequences? On the economic front, Frank foresees deflation in the medium term. He expects a recession within six months as a result of declining consumer spending and a drastic decline in lending.