Massive U.S. dollar dump? BRICS to launch new currency causing tsunami of inflation - Andy Schectman

Kitco News, Released on 2/16/23

Andy Schectman, President and Owner of Miles Franklin, discusses his thesis that the world is poised for a monetary reset which would result in the BRICS having their own reserve currency, likely backed by gold, and how this goes hand-in-hand with de-dollarization trends that are currently unfolding. He tells Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, how a 'tsunami of inflation' would ensue as dollars are repatriated to the United States, which would cause a corresponding 'crash' in asset prices as interest rates rise accordingly.

0:00 - Central bank gold6:00 - China's Belt and Road Initiative7:11 - Saudi Arabia and the Petrodollar9:22 - Weaponization of the dollar10:43 - BRICS strength13:34 - Bifurcation of monetary system18:02 - Kinetic war?20:48 - Russia and Ukraine23:01 - U.S. military might24:35 - De-dollarization31:15 - Timeline for reset32:05 - Own nothing, be happy?36:50 - Insiders buying precious metals38:33 - Central bank digital currencies40:16 - Gold43:20 - Bitcoin43:51 - Canada's gold reserves44:55 - Mastermind behind the Reset?46:17 - Anything that can derail this?49:02 - Investment implications

Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm's operations and business functions; including strategy and planning, account management, finance, and new business.

Massive U.S. dollar dump? BRICS to launch new currency causing tsunami of inflation - Andy Schectman added by Herman James on 02/15/2023View all posts by Herman James ?+'