Andy Schectman, President and Owner of Miles Franklin, discusses his thesis that the world is poised for a monetary reset which will result in the BRICS having their own reserve currency, likely backed by gold, and how this goes hand-in-hand with de…
Andy Schectman, President and Owner of Miles Franklin, discusses his thesis that the world is poised for a monetary reset which will 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.
Key talking points:
• 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
For anyone that wants to reach out to Andy directly, he can be reached at [email protected]
Follow Andy Schectman on Twitter: @MilesFranklinCo (https://twitter.com/MilesFranklinCo)
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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