Premium Only Content

2024 Accelerates Petrodollar Decline: Andy Schectman Unveils Key Catalysts
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, engages in a compelling interview with Andy Schectman, President and Owner of Miles Franklin. In this exclusive discussion, Schectman sheds light on the recent incorporation of five new members into the BRICS bloc, including Saudi Arabia, effective January 1st. With a stark warning, he emphasizes that this expanded alliance is hastening the petrodollar's demise, posing a substantial threat to the dollar's global reserve currency status. Schectman delves into the motivations behind nations divesting from U.S. debt and increasing gold reserves. Tune in for valuable insights as he navigates the potential impact on the BRICS common currency and provides forecasts for both gold and Bitcoin. Stay informed on crucial geopolitical and economic developments with Kitco News.
Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Andy Schectman on X: @MilesFranklinCo (https://twitter.com/MilesFranklinCo)
00:00 - Introduction
02:42 - BRICS Expansion and Influence
04:30 - The Petrodollar System
17:11 - De-Dollarization & the Saudi Significance
36:40 - Countries Dumping U.S. Debt, Dollar
44:12 - U.S. Response to De-dollarization
53:15 - BRICS & Common Currency
57:50 - The Role of Gold and Central Banks
01:07:50 - Bitcoin
Don’t miss these previous videos with Andy Schectman:
https://www.youtube.com/watch?v=FzI0oyxQ218&t=390s
https://www.youtube.com/watch?v=_rZQrJkyhL0
https://www.youtube.com/watch?v=DOmeHZfI0RA&t=129s
#BRICS #geopolitics #dollar #economy #debt
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com
Stay connected:
Twitter - https://twitter.com/kitconewsnow
Instagram - https://www.instagram.com/kitconews
Facebook - https://www.facebook.com/KitcoNews
LinkedIn - https://www.linkedin.com/company/kitconews
StockTwits - https://stocktwits.com/kitconews
Live gold price and chart: https://www.kitco.com/gold-price-today-usa/
Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/
Live crypto market data: https://www.kitco.com/price/crypto/
Learn more about Kitco News: https://www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News.
-
19:13
Kitco NEWS
4 days agoMarket Breakdown Ahead Chris Vermeulen Goes All Cash Predicts Gold Breakout
159 -
46:56
The White House
2 hours agoPress Secretary Karoline Leavitt Briefs Members of the Media, Aug. 19, 2025
2.69K11 -
LIVE
Sean Unpaved
1 hour agoFootball Flashpoint: Bengals' D in Distress, Colts' Bet on Jones, & Micah's Trade Talks
340 watching -
LIVE
StoneMountain64
1 hour agoBest Extraction shooter is FINALLY on Console (+CoD Reveal Today)
75 watching -
2:57:22
Right Side Broadcasting Network
5 hours agoLIVE REPLAY: White House Press Secretary Karoline Leavitt Holds a Press Briefing - 8/19/25
36.7K25 -
1:03:48
Timcast
2 hours agoGavin Newsom SURGES In Polls, COPIES Trump's Style
99.6K63 -
4:37
Michael Heaver
7 hours agoBusted France Faces UPRISING
3831 -
10:45
Dr. Nick Zyrowski
1 day agoDoctors Got It Wrong! This Causes of Obesity - NOT Sugar
5.7K7 -
The Charlie Kirk Show
2 hours agoSummit Aftermath + America's Energy Revolution + Where Russiagate Will Lead | Wright, Solomon
33.7K9 -
2:00:15
Steven Crowder
4 hours agoTrump's Huge Meeting Shocks the World & the Media is Dumbfounded
246K179