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.

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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
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