Massive U.S. dollar dump? BRICS to launch new currency causing tsunami of inflation - Andy Schectman

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. Follow Michelle Makori on Twitter: @MichelleMakori () Follow Kitco News on Twitter: @KitcoNewsNOW () Follow Andy Schectman on Twitter: @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 Follow us on social media: Facebook - Twitter - StockTwits - Live gold price and charts: Live silver price and charts: Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.