Kitco NEWS | Petrodollar Deal Expires; Why this Could Trigger ‘Collapse of Everything’ – Andy Schectman part1/2 @kitco | Uploaded June 2024 | Updated October 2024, 1 hour ago.
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who breaks down reports of Saudi Arabia letting the 50-year long Petrodollar agreement with the U.S. expire and what this means for the future of the U.S. dollar as the global reserve currency. Schectman believes that this marks the end of the era of fiat currency, as commodity backed money will return. He also weighs in on the latest geopolitical developments, including the latest sanctions against China and Russia, continued weaponization of the U.S. dollar, the accelerating de-dollarization trend, BRICS Plus Foreign Ministers meeting, G7 meeting, BRICS new currency, and more. Schectman points out how gold fits into the picture, laying out what a new world monetary order – or the Bretton Woods 3 – could look like.
Stay tuned for Part 2 of this interview where he discusses the role of Bitcoin and the impact of a Trump presidential victory.
This video is brought to you by Swan Bitcoin
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Link to Andy Schectman’s first appearance on Kitco News:
Massive U.S. dollar dump? BRICS to launch new currency causing tsunami of inflation - Andy Schectman → youtube.com/watch?v=FzI0oyxQ218&t=407s
Follow Michelle Makori on X: @MichelleMakori (twitter.com/michellemakori)
Follow Kitco News on X: @KitcoNewsNOW (twitter.com/kitconewsnow)
Follow Andy Schectman on X: @MilesFranklinCo (twitter.com/MilesFranklinCo)
#petrodollar #gold #oil #dollar #BRICS
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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who breaks down reports of Saudi Arabia letting the 50-year long Petrodollar agreement with the U.S. expire and what this means for the future of the U.S. dollar as the global reserve currency. Schectman believes that this marks the end of the era of fiat currency, as commodity backed money will return. He also weighs in on the latest geopolitical developments, including the latest sanctions against China and Russia, continued weaponization of the U.S. dollar, the accelerating de-dollarization trend, BRICS Plus Foreign Ministers meeting, G7 meeting, BRICS new currency, and more. Schectman points out how gold fits into the picture, laying out what a new world monetary order – or the Bretton Woods 3 – could look like.
Stay tuned for Part 2 of this interview where he discusses the role of Bitcoin and the impact of a Trump presidential victory.
This video is brought to you by Swan Bitcoin
Swan Bitcoin IRA - Start Saving Now 👉 Swan.com/retire
Link to Andy Schectman’s first appearance on Kitco News:
Massive U.S. dollar dump? BRICS to launch new currency causing tsunami of inflation - Andy Schectman → youtube.com/watch?v=FzI0oyxQ218&t=407s
Follow Michelle Makori on X: @MichelleMakori (twitter.com/michellemakori)
Follow Kitco News on X: @KitcoNewsNOW (twitter.com/kitconewsnow)
Follow Andy Schectman on X: @MilesFranklinCo (twitter.com/MilesFranklinCo)
#petrodollar #gold #oil #dollar #BRICS
__________________________________________________________________
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 kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - applications.kitco.com
Stay connected:
Twitter - twitter.com/kitconewsnow
Instagram - instagram.com/kitconews
Facebook - facebook.com/KitcoNews
LinkedIn - linkedin.com/company/kitconews
StockTwits - stocktwits.com/kitconews
Live gold price and chart: kitco.com/gold-price-today-usa
Live silver price and chart: kitco.com/Silver-price-today-USA
Live crypto market data: kitco.com/price/crypto
Learn more about Kitco News: kitco.com/news/about
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: 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, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
