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Episode 0235 - How the Global Overthrow of King Dollar will Wipe us ALL OUT!
Description
Since August of 1971, the USA has been effectively stealing the productivity of every working person on the globe. The fiat dollar system undermines the value-for-value transaction that happens during every trade between individuals and even countries. Now the US government has moved to weaponize the dollar against Russia, and other countries are seeing this and are beginning to line up against the dollar. This has huge implications for your livelihood and your ability to purchase almost everything.
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.