I joined the Financial Repression Authority, along with Alasdair Macleod, to discuss India’s war on cash and the broader impact of Trump, China, and global monetary instability.

We discuss demonetization in India, the fragility of fiat currency systems, the role of gold, the rise of China, and how political shocks in the United States are affecting the global financial order.

Watch the full discussion below:

Key Takeaways

• Why India’s war on cash has exposed deep economic and institutional weaknesses.
• How demonetization damaged trust in paper currency and banking systems.
• Why gold remains important when confidence in fiat money weakens.
• How Trump’s presidency is affecting global politics and financial markets.
• Why China’s rise must be understood in the context of culture, institutions, and global monetary change.
• How fiat currency systems create instability, dependency, and political risk.