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Massive US Dollar Dump? BRICS to Launch New Currency Causing Tsunami of Inflation : Andy Schectman

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

Kitco News:   2-16-2023

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.

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0:00 - Central bank gold

6:00 - China's Belt and Road Initiative

 7:11 - Saudi Arabia and the Petrodollar

9:22 - Weaponization of the dollar

10:43 - BRICS strength

13:34 - Bifurcation of monetary system

18:02 - Kinetic war?

20:48 - Russia and Ukraine

23:01 - U.S. military might

24:35 - De-dollarization

31:15 - Timeline for reset

32:05 - Own nothing, be happy?

36:50 - Insiders buying precious metals

38:33 - Central bank digital currencies

40:16 - Gold

43:20 - Bitcoin

43:51 - Canada's gold reserves

44:55 - Mastermind behind the Reset?

46:17 - Anything that can derail this?

49:02 - Investment implications

https://www.youtube.com/watch?v=FzI0oyxQ218

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