In this segment, Liz Peek warns that China’s massive gold purchases are part of a deliberate effort to weaken the U.S. dollar’s status as the world’s reserve currency. She explains that for the first time in decades, China and its allies now hold more gold than U.S. Treasuries—an intentional move designed to make the dollar appear unstable and less dominant globally. Peek criticizes the speculative frenzy around gold prices, arguing that the rally isn’t based on real value but on momentum trading fueled by geopolitical manipulation. She compares the situation to past commodity bubbles, suggesting that just like the Hunt brothers’ infamous silver bet, China may eventually “lose its shirt” as the market corrects.
Peek also blasts the United Nations for pushing a global climate tax on maritime shipping—a move she calls “awful” and a direct attack on American businesses. She argues the proposed $150 billion tax would primarily hurt the U.S. while benefitting China and European economies crippled by green energy policies. The discussion broadens to global economics, with Peek emphasizing that multinational organizations like the UN should never be allowed to tax U.S. industries. Her overarching message: America must push back against global schemes—whether financial or environmental—that undermine its currency, competitiveness, and sovereignty.
