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 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

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.

Notify of

1 Comment
Inline Feedbacks
View all comments

Andy and Dunagan, newsflash, silver has exploded to $21.49!!

It’s not preserving my wealth lol.