'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.

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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

#gold #money #dollar

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