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BRICS Expansion Warning: 85% of Global Population to Abandon U.S. Dollar — Schectman
1 year ago
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BRICS currency
de-dollarization
global financial shift
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BRICS alliance
Saudi Arabia
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U.S. dollar
gold outlook
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, engages in an exclusive conversation with Andy Schectman, President and Owner of Miles Franklin. Schectman predicts that a new commodity-backed BRICS currency is an inevitable outcome in the long term. In the present, investors must closely monitor the Saudi Arabia-BRICS alliance relationship. Schectman underlines that the move to de-dollarize is 'past the Rubicon' and provides insights into the upcoming BRICS August summit in Johannesburg, South Africa. He anticipates a global shift away from the greenback by 85% of the population, delving into the U.S. response and offering his perspective on gold and the U.S. dollar.
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