Steve Hanke, Professor of Applied Economics and Distinguished Senior Scholar at the Mises Institute, joins Kitco News to explain why M2 money supply is shrinking, how sanctions are eroding trust in the U.S. dollar, and why gold remains the real reserve asset in 2025. We cover dedollarization, BRICS ambitions, U.S. debt, tariffs, and why China’s deflation could ripple through commodities and the global market.