Bob Moriarty: Why Tangible Assets Matter in a Fragile System

Recorded on July 21, 2026 at NRS Studios. Watch the complete NRS World interview with Bob Moriarty and Steve Yang: In this selected excerpt, Bob Moriarty of 321 Gold and 321 Energy examines the historical cycle of reserve currencies and explains why he believes the United States is entering an end-of-empire phase. Moriarty discusses how monetary power changes over time, why countries repeatedly make similar political and financial mistakes and what the history of Rome may reveal about modern institutions. He also connects reserve-currency decline with changes in warfare, including the growing use of inexpensive drones against far more costly military…