'Tsunami of inflation' and asset price collapse as world moves away from U.S. dollar towards CBDCs and The Great Reset - Andy Schectman
As the world moves away from the U.S. dollar as a world reserve asset, dollars will be dumped globally, causing a “tsunami of inflation” in the United States as the currency returns to American shores. Interest rates will rise accordingly, followed by a “collapse” in asset prices, which would be used to usher in Central Bank Digital Currencies (CBDCs) and The Great Reset.
This dire scenario is the forecast of Andy Schectman, President and Owner of Miles Franklin and an expert on monetary and economic history. Schectman, who has three decades of experience in the precious metals sector, said that the BRICS (Brazil, Russia, India, China, and South Africa) coalition could lead the charge to develop their own reserve currency which would compete against the U.S. dollar.
Schectman told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, that the dollar’s “weaponization” during the Russian war with Ukraine has hastened the move to “dump” dollars. He suggested that Western sanctions on Russia, as well as expelling Russia from the SWIFT payment system, has had a chilling effect, deterring other nations from using the dollar.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Andy Schectman on Twitter: @MilesFranklinCo (https://twitter.com/MilesFranklinCo)
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
#gold #money #dollar
__________________________________________________________________
Kitco NEWS is a global news network based in Montreal, with bureaus in New York, Hong Kong, New Mexico, London and Vancouver. Since 2009, our journalists have helped investors make informed decisions through in-depth reporting, daily market updates, and interviews with key industry figures. We aim to accurately and impartially cover the economy, stock markets, commodities, cryptocurrencies, mining and metals.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?r...
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today...
Live silver price and charts: http://www.kitco.com/silver-price-tod...
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscriptio...
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
-
1:02:46
Kitco NEWS
3 months agoReserve Currency Shift: Charles Payne Breaks Down the U.S. Dollar's Future
5601 -
1:12:34
Kitco NEWS
6 months ago'Big Brother' Alert: Bank Reports Predict U.S. CBDC Within 3-5 Years
4243 -
58:18
CryptoBanter
1 year agoLast Chance To Buy Altcoins! (BIGGER THAN COVID PUMP AHEAD!)
9381 -
47:04
WTFinance
6 months ago $0.18 earnedThe Dollar Collapse is Imminent with Alasdair Macleod
163 -
27:25
Tim Picciott - The Liberty Advisor
11 months agoGREAT RESET: The Dollar Is Done! - Inflation SKYROCKETS As BRICS TAKES OVER!
24 -
10:42
MAGA Lion HAT
1 year agoThe American Financial Collapse has Begun. Prepare for 'The Death of Cash' & CBDC! 📉💀💵
93 -
1:21:14
Bitcoin People
6 months agoBTC in Today's Economy Explained | Jamie Coutts | Bitcoin People EP 58
37 -
1:20:34
Liberty Dispatch
1 year ago $0.19 earnedTHE GREAT ECONOMIC RESET: The Globalist Empire Strikes Back ft. John Porter
421 -
34:15
World Alternative Media
1 year agoWW3 FOR AN ECONOMIC RESET! - What Happens When The Dollar Is GONE? - MASSIVE GLOBAL SHIFT!
6.56K5 -
1:42:53
RAVries
1 year agoINSIDE JOB - How the 2008 Global Financial Crisis (GFC) Came About, and Happened. Watch & understand, and then SEE that everything is being replayed, now again, leading to the MOTHER of ALL COLLAPSES
8.73K4