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We're Nearing the End of the Financial System | Andy Schectman
Countries and investors around the world are buying gold, says Andy Schectman, CEO & president of Miles Franklin. He believes they are preparing for a collapse of the Dollar-based financial system. He also discusses the risks in the banking system. A decline in the value of commercial real-estate could lead to bank failures. Bail-ins are a real possibility, he says. And if bail-ins are implemented, they would lead to a mad rush by depositors out of the banking system.
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The Great Taking:
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INTERVIEW TIMELINE:
0:00 Intro
1:35 Gold’s performance
16:00 Fed's confidence
24:05 The Great Taking
32:00 Gold & silver storage
40:14 Weekly specials
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