Is Next Phase of Global Monetary Reset Coming in October? What It Means for US Dollar
Is Next Phase of Global Monetary Reset Coming in October? What It Means for US Dollar
Kitco News: 9-21-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Jon Forrest Little, Founder and Director of Content at Silver Academy, who breaks down the history of global reserve currency cycles. Little weighs in on the accelerating de-dollarization trend and warns that the next phase of the global monetary reset is fast approaching.
He explains what to expect at the BRICS Plus annual summit taking place in Kazan, Russia, on October 22-24. Little also shares his insights on the gold-backed currency, known as the Unit, which the BRICS is reportedly said to announce at the summit.
He also explains the role of Project mBridge – the multi-CBDC global payment platform.
Little explores the likely U.S. pushback to the de-dollarization trend, the future of global reserve currencies, and the role gold plays.
Coming Up
00:56 Introduction: BRICS Plus Update
04:33 Historical Cycles: Currency Resets
09:27 The US Dollar's Dominance and Challenges
17:35 Central Banks' Gold Rush
22:22 BRICS' Gold-Backed Unit Currency
35:33 Project MBridge and BRICS Currency
37:43 Gold’s Role
41:03 Saudi Arabia and Why Its Role Is Important
44:35 US Pushback Against De-dollarization
50:44 Potential Gold Standard Revival
59:14 Future of Global Reserve Currencies
01:02:11 Gold Price Forecast