Part 6/7:
By referencing the historic complexities of European alliances and animosities, he illustrated how ingrained hatred between countries can fuel conflicts, especially with regard to Russia's position in international relations today. He clarified that economic instability often exacerbates geopolitical tensions, which can lead to military hostilities.
The Role of Gold and Future Strategies
The conversation briefly shifted to the role of gold in current economic climates. Armstrong noted that gold is increasingly sought after as a hedge against potential defaults and geopolitical uncertainty. He explained that central banks are accumulating gold as a neutral asset that could hold value better than traditional fiat currencies, particularly in times of conflict.