In imposing sanctions on Russia, we're weaponizing the US dollar.

But most weapons in a war get blown up. 

Are we, in effect, destroying our monetary system? And are our efforts to isolate Russia from the global economy giving us the results we want?

Byron King is a Harvard-trained geologist and a former aide to the US Chief of Naval Operations. He also happens to be our resident go-to source for military insights and a regular contributor at Bonner Private Research, covering energy, precious metals and the economy.

On this episode of The Wiggin Sessions, Byron joins me to share his insight on Russia's motive for invading Ukraine, explaining how NATO evolved after the Cold War and why a reset of the 'defensive alliance' is long overdue.

 Byron discusses how sanctions against Russia are disrupting global commodities markets and describes America's 'theory of victory' on weaponizing the US dollar--and why it's unlikely to succeed.

Listen in to understand why an economic recession is inevitable and get Byron's take on what happens if the US dollar loses its reserve currency status. 

Key Takeaways

Byron's history in the Navy and how it informs his perspective on NATO

Bryon's insight around Russia's motive for invading Ukraine

Russia's perspective that America did not win the Cold War

What Byron makes of Zelensky's call to reset our political institutions to protect Ukraine

How NATO evolved after the Cold War and why a 'defensive alliance with no defense' is problematic

How sanctions against Russia are disrupting commodities markets and impacting ordinary citizens of Russia, Europe and the US

America's 'theory of victory' on weaponizing the US dollar (and why it's unlikely to succeed)

Evidence that the US dollar could lose its reserve currency status

How a country's monetary system has power as a derivative of its military power and vice versa

How Byron thinks about the potential for a crypto SDR

How we need rare earths to build the electronics we rely on and the consequences of our anti-mining policy

Why a recession is inevitable and how it will lead to a 'resurgence of adultism'

Connect with Byron King

Byron at Bonner Private Research 

Byron on Twitter

Connect with Addison Wiggin

Consilience Financial

Be sure to follow The Wiggin Sessions on your socials. You can find me on—

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Resources 

5-Minute Forecast

President Zelensky’s Address to Congress

Agora Financial

Klaus Schwab

Mark Carney

Jim Rickards at The Daily Reckoning

Smoot-Hawley Tariff Act

Yom Kippur War

‘Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales’ in The Wall Street Journal

Trilogy Metals

Empire of Debt: The Rise of an Epic Financial Crisis by William Bonner and Addison Wiggin

The Demise of the Dollar... And Why It’s Even Better for Your Investments by Addison Wiggin

Bretton Woods

Jim Rickards on Special Drawing Rights

Pete Buttigieg on 60 Minutes