End of Petrodollar? Start of a New Monetary Order? Can This Be Stopped? - Andy Schectman Part 2/2
Vložit
- čas přidán 28. 06. 2024
- Part 2/2: Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who discusses the idea that the era of paper money might be over. Schectman weighs in on whether this is the start of a new monetary order, whether it can be stopped, and who is behind the plan to “reset” everything. He also gives his outlook on gold and Bitcoin.
Don’t miss Part 1 of the interview → Petrodollar Deal Expires; Why this Could Trigger ‘Collapse of Everything’ - Andy Schectman Part 1/2 • Petrodollar Deal Expir...
Follow Michelle Makori on X: @MichelleMakori ( / michellemakori )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Andy Schectman on X: @MilesFranklinCo ( / milesfranklinco )
#petrodollar #gold #Bitcoin #fiat
This video is brought to you by Swan Bitcoin
Swan Bitcoin IRA - Start Saving Now 👉 Swan.com/retire
00:00 Coming Up, Recap of Part 1
04:39 Introduction: The End of Fiat Currency?
06:03 The Inevitable Collapse
11:08 U.S. Government
18:06 Potential Solutions and Political Implications
33:25 The Role of Gold and Bitcoin
40:42 Final Thoughts
__________________________________________________________________
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 www.kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - applications.kitco.com
Stay connected:
Twitter - / kitconewsnow
Instagram - / kitconews
Facebook - / kitconews
LinkedIn - / kitconews
StockTwits - stocktwits.com/kitconews
Live gold price and chart: www.kitco.com/gold-price-toda...
Live silver price and chart: www.kitco.com/Silver-price-to...
Live crypto market data: www.kitco.com/price/crypto/
Learn more about Kitco News: www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions - please visit our online media kit at: www.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.
Watch Part 1 of the interview with Andy Schectman here → czcams.com/video/pjtKeewv7pY/video.html
the correct form to safe the dollar was maker dao before they killed muguekian and corrupte maker dao. by stakin your bitcoin i a dao system bitcoin and other.and get 100% decentraliced dollar if dollar goes down it doesn't matter because as make dao done you inmidiatlly get mor dollar for evebody as you bitcoin worths more. but they killed muguekian and corrupted maker dao. either trump or bidden it full of horseshit about truely saving america and america dollar. by imposing more w4r more gaday case us can not sustain it for every it goin w4 agaisnt the entire earth. they want the centraliced power 1 way other other they are 100% hypocrecy. they killed muguekian.
you get you bitcoin to renbtc 100 percent decentraliced the satke it in a decentraliced protocol 100% privacy.
"We shall be as a city, upon a hill. A troubled and afflicted mankind looks to us. Pleading with us to keep our rendezvous with destiny. That we will uphold the principles of self reliance, self discipline, morality and above all, responsible liberty for every individual. We shall become that shining city on the hill." - US president Ronald Reagan.
Why won't you bring up the fact that the elections have been rigged for a long time? oh, that's right, because you're cowards, and you're subservient to the government.
Lĺlĺĺllĺĺĺlĺllllĺĺlĺĺlllllllĺĺĺl
"Government is not the solution to our problem. Government IS the problem."
Ronald Reagan
He was a puppet too, worked for the goverment, all are just garbage,good for nothing,just good to steal, crooks,all of them,no difference. Actors just like Ronald Reagan.
The problem is America and Americans as you voted for the government who are Americans.
@@ebonytv3414The deep state picks the candidates and has a plan. You have the illusion of choice. You have owners.
Raygun gave us Rush Limpdick. That was the beginning of the end of capitalism. He succeeded in delivering oligarchy to rule.
For that, they want him dead.
How many wars must a country lose to see REALITY? Korean, Viet Nam, Iraq, Afghanistan, Ukraine....the final frontier?
The billionaire class wins no matter who loses the war. The idea that anyone at the top gives a crap about your " country" is an illusion .
We did not lose the Korean War. South Korea is very much free and powerful economically and now militarily. They are selling military hardware to such nations as Poland
@@thomasjones2067 South Korea is a VASSAL STATE of USA.
Winning isnt the Objective. Funneling currency to favored Patty's, the Goal.
Lmao Chinese destroyed you. It wasnt even a contest.@@thomasjones2067
The system is the problem; no President or candidates for President are outside the system.
I don’t know if the presidents are outside the system. I think they’re pawns for the system. Trump is an actor, he’s not saving anyone.
The sky is blue- 500+ Likes!
Donald J Trump. Vote 4 Trump to save the United States
@christopherpritchard3164 Trump is thr Problem WAKE UP 🐑🐑🐑🐑🐑🤡
@@christopherpritchard3164 Trump ain't gonna deliver any necessary cuts. NONE.
It doesn't matter which Forum or podcast Mr. Schectman is on, his opinion doesn't change or deviate. On point, not hawking his own goods. As much as a dumpster fire it is, always a pleasure to hear his passion for this Country.
Divorce, bankruptcy, and the way things collapse in general....little by little then all at once...Andy is right
Mr. Schectmani is the best guest on Kitco. Simple and straight forward.
Pay penance for the sins of fighting wars.
Blood guilty. And much of that blood guilt comes through the churches. Religious leaders support political leaders.
I agree with you brother but won’t we suffer if this country suffers
And bullying other countries with sanctions. Karma.
America pays no penance to hypocrites, they are surely warriors - they have won and lost some, like all. America will not be harmed, nor her Allies!
We pay no penance, for a debt is not owed!
Nor are you the judge.
The LORD GOD I AM is your judge, and I have judged the enemies of America to be unworthy, and I have held America blameless.
AVE.
@@TThompson81 other countries people doesn't suffer while your government doing dark things and you indirectly benifit from it ?
Andy Schectman; my newest bromance. So glad to see a sane person
😂 He doesn't understand 3rd party trust.
🙂
He is a regular on the Silver Slayer channel
Love you both Michelle & Andy! Thank you for your truth!❤
She said go to war? Lace up bitches you want equality you got it
If you aren't terrified you're not paying attention.
I wish I had more thumbs so I could give this comment more thumbs up.
Most people are terrified which is why they stopped paying attention
I saw this coming in the 60's and have made the mistake of living for too long.
I've been following Andy for a long time and I have never thought of him as 'talking his book', I have always felt that Andy speaks from the heart and walks the talk a truly genuine person.
I’ve been following Andy’s work for a few years. I trust the man enough to allow him to educate me and I like to think that I can detect BS very easily, and I have no alarms going off with regard to Andy….. thank you for the education.
Andy is simply outstanding! He sees everything so clearly and speaks the truth
There was only one bank in town. Recently it went rogue, sanctioned/stole from a number of customers and threatened others.
A second bank is opening with a gold back security structure.
It is logical and prudent for customers to open a second account 😂
Do you live in Asia or Africa? ... USA/EU/UK do not back their banks with gold.
Andy is awesome! Thanks for having him on the channel!!
Fn Andy is a RockStar ... Midwesterns are Like no Others ...Staight Shooters ...and thats coming from a Southerner..
Can you really blame them for not wanting to accept useless paper with a national figure on it and a number.
👏👏👏
Andy is one of your best guests.
It is too stupid to be real 🔥. This is on purpose. We feel this in Australia too .
When America catches a cold the rest of the world gets aids
On side note. Australia has some of greatest beaches and remote areas. I've viewed some of the YT folks in the areas. But..the government their is your problem as well..
@@nathanisenhour4420 yea its getting harder to find a safe place
Andy is a great guest and speaks from the heart. Please have him back near the end of 2024. Hopefully, we won't be dragged into WW3 in the meantime. Take care and be safe out there.
We have already been dragged into WW3.
@somedumbozzie1539 Putin is giving the West plenty of warnings to walk back from the red line. Unfortunately, the
U.S. and Nato aren't listening.
Truth well said! Boom! Thank you, for the great interview.
Get out of US treasuries now, before America defaults.
Many countries from Asia and Africa, the two biggest and largest continents, are doing that already.
This could easily be planned by the wef- to crash America's economy. We do not want cbdcs- they open the door to government abuse by freezing your bank account if you don't agree with their policies. It already happened in Canada- before cbdcs.
@@BerndG.-bu5yc Me too on a much smaller scale obviously.
@@BerndG.-bu5yc also why the end of the petrodollar is important. People just don't understand how our massive debt is financed. Once you bully everyone, they're going to just cut their own way. Everyone also forgets we were in SURPLUS in 2000, so everyone saying they've been hearing Cassandra's call for the past 40 years forgets this. So much has changed so quickly in the past 20 years (post 2000) compared to the previous 20 years (pre 2000). None of it any good either.
George Bush changed our economy IMO.
Michelle asking if Russia losed the war is a fundamental illiteracy of understanding the war. THE WORLD WILL END MICHELLE!
Russia already won, only the gullible think Russia set out to conquer Kiev, Poland, etc.
All Putin wanted to do was secure Donbass from incessant Uke shelling, secure Crimea and greatly diminish the US funded Nazis in Kiev.
Go Russia! (And I’m American and spent 4 years in the Marines 1983-87).
Said an illeterate.
"Losed"? It's lost
You are right. Russia has already said losing for them is not an option. He will never let any country take over Russia. When asked about nuclear, Putin stated Russia will never initiate nuclear, but will always respond. When questioned: Won't that destroy the world? Putin's answer: A world is not worth living in without Russia.
Andy is on it!
Andy is clearly passionate about helping to save our country. We all need to get into this fight. Now or never !!! Throw your trance control boxes out the window like the ladies in Calcutta did back in the 80's.
They just don't get it no empire can rule the world forever especially when they are all deciples of Satan
He is spot on!!! CLOWARD PIVEN THEORY
CP is a Clinton Obama favorite destruction tool.
Schectman is spot on.
I’ve gotten to know Andy for 3 years now. We have had lunch and text back and forth. I’m a nobody compared to Andy’s paygrade. He gave me a contract to promote Miles Franklin to support my podcast. I haven’t done much sadly. Still trying but Andy acts more like a friend than a client or sponsor. No one is more passionate and downright courageous than Andy. I let him know it too.
I can’t say enough about Andy he is great and sizes up how and why we got into this mess in the first place
Ask him to learn about 3rd party trust and how bitcoin sidesteps that as he seems not to understand it.
It sounds like you've built a great relationship with Andy! Having someone supportive like him can really make a difference. If it weren't for a financial advisor like those at Miles Franklin, I wouldn't have made the financial strides I have today. Their expertise has truly helped me excel.
@@Katalina-gd1jv Having a supportive figure like Andy is invaluable! If you're looking to make more financial strides, a financial advisor could provide tailored strategies to build on your success.
@@Katalina-gd1jv Building strong relationships like yours with Andy can open doors! When it comes to financial growth, have you found working with a financial advisor beneficial? Any tips for those considering one?
How Can a woman of such high intelligence, think there can be a winner in WW111? Unbelievable!
Tulsi says some in our government do believe that. Michele was just playing devil’s advocate.
it depends how look at it, if we speak economically then yes
Maybe she was playing the part of a viewer who might think that. Think of the Congress people who are advocating for nuclear strikes. Beyond dumb.
@@nerolowell2320 According to the 2023 UN State of World Population report, the current world population is 8 billion - detonating about 400 atomic bombs would wipe out humanity, and there would be no life on earth for a long time. Russia has over 6000 NUCLEAR WEAPONS,USA HAS NEARLY AS MANY! Economics would NOT exist!
@molliestanton2869 It is crazy people like this talk openly about destroying us all. Russia and USA have over 12000 Nuclear weapons between them. It's estimated that only 400 would be needed to end life on earth.
Bitcoin is greed, Gold is fear.
Gold & Silver are Wealth Insurance. Cash is fake money
@@btimothygordon2777 Precious metals are store of value. Fiat currency is for transactional convenience.
@@percyblok6014 TEMPORARY convenience...its declining constantly in spending power due to inflation
I was following BIS when IMF and all the central banks were developing the digital CBDC. There were several reports written about Bitcoin, crypto and stable coins. They defined Bitcoin and maybe Ethereum, as a commodity. The others were classified as investments. I could not find any explanation as to why these two might be commodities. But they did state, they would have Securities Commission and put it to legal scrutiny before implementation. I don't know if that process is finished. Most of the documents have now been removed from the internet.
Edgar Cayce: "the height of civilization will move from the west to the east".
Love Andy! He is a courageous warrior!
Best topic, best interviewer, best expert. Best episode ever IMO! I'm obsessed with petrodollar. Have been for decades
Andy is a man of integrity with a brilliant mind!
For military news- follow Judge Napolitano, The Duran as 2 of the best.
If you like to hear Russian propaganda repeated by an American....
and for important disturbing exposes it's: Corey'sDigs. Especially the most recent article 15Jun. Greeg Reece has begun disseminating it. t's that disturbing.
Andy is a good man.
Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Sandy Barclays I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.
Sandy Barclays program is widely available online..
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
Assets and lnvestment is that tiny Iine that separates the rich from the poor.
Agree with Andy. You’re the best and it’s not even close ❤
Mr. Schectman had me when he called Jared Bernstein a knucklehead.
Did you see the video of JB trying and failing to explain US debt in conjunction to the currency? Total clown show.
@@percyblok6014 Yes. The very definition of awkward there.
Michelle!there would be no winners! No one would come out on top! Its the most disappointing comment I have heard you make
Retreating into fantasy
Andy Schectman is our gold bomb!
Michelle, another great discussion with Andy. He sees things clearly and he makes sense.
I agree with everything this intelligent South Florida man says and I like him have the same low level despair that speaks to the hopelessness of our situation, other words no hope for our return to American ideals and Glory. I believe that we have passed the Rubicon
~~~|||~~~
nations are sick of imported inflation again and again (because of U$$D Over-Printing), disrupting their economic growth...
while us enjoy their spending spree without feeling guilty/shame for the world...
in addition, nations are also de-risking their reserves from being looted/sanctioned by us.
world-wide de-dollarization is inevitable and imminent, or is it?
Game over for usa
At last !
Imagine the millions the country killed around the Global South !
Nice to see in the comments people coming around with Andy. Wasn’t that long ago where everyone called his a nut. Andy is the best of them.
Truly appreciate Andy Schectman - more people should hear him. He is the Light in the financial world. High integrity, great mind.
Immorality,greed , Godless ,loss of values will not bring unity. Prayers
LOVE Andy!!
Andy Schectman you are the genuine article Sir! Great interview and insights as always from Kitco.
First time to hear Andy, and he's spot on! The people running our country in the ground will never tell us the truth!!!
If the US really loses its dollar hegemony, the global financial markets will become peaceful
Go read history, it about to get way worse
@@randywhelchel4674yeah…war
@@ashfield1425 because west is not at the top anymore? they dont want to lose the upperhand and control to the asian countries?
@@ashfield1425 yup when you can’t print more money but need a hard asset, you go to war to get it be it oil, gold or rare earth minerals
LOL award for most ignorant comment! As if the US has a monopoly on greed, lies, and war LOL Go back to reading your Saul Alinsky troll.
Thank you excellent interview. Good Day.
I have said it before, Michelle you are The Best, Andy....wonderful discourse!
Well i agree with alot that he has said, and its a bit scary, I most definitely agree that Michelle is and excellent interviewer who seems Always well preparded.
Yeah my wife is a good interviewer
Can this be stopped? This shouldn't be stopped.
Constant war mongering and total lack of statesmanship in our elected officials should just keep grinding forward? Good luck with your worldview.
Andy, thank you for your hard work. You are giving back to this world. Please know that. God bless you.
Superb show! God bless you both!!
Pray!!
Andy's got it figured out
It's a natural growth in our collective selves. Families around the world need peace, equality and fairness. Not illegal wars and sanctions
And China- Russia and Iran are bastions for peace, equality and fairness? 🤣🤣
Thanks for putting Andy on, he is great. Speaks truth as he sees it and huge amount of information to digest.
Great guest and interview! I concur with Andy that you are the best in your industry!
He explained himself very well good man
Do not even think about russia loosing this war
It's a pysop...RUSSIA IS NWO
Thank you, Andy! And thank Kitco and thank you Michelle, for this interview!
Andy is the man 👍
Michelle is so smart almost threatening😅
End the Fed and prosecute
TIME for 100% Bitcoin
NO cbdc's !!!!!!!!!!!!!!!!!!!!!
Bitcoin is backed by nothing, it is made from nothing hence it is nothing. How simple is that ! Also it is part of the current fiat system and created and supported by the deep state. This is for sure.
You know SATOSHI IS THE US?
@@youcanthandlethetruth6007 This shows that the elite will dominate all BTC and it probably will be worth more than any other asset on earth. The rich never give up the top asset.
Inside China Business: China isn't dumping dollars, they're dumping banks
Absolutely !
China would be stupid not to do that, given the aggressive rhetoric from USA and Europe, hostilities like tariffs, Western actions against Russia and the talk in the West about cold war 2.0.
Thank you Andy!!
Mind blowing thanks Michelle for bringing this out
Andy, thanks for yr great sharing. I always like to hear from u
Bring Abby Joseph Cohen on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Abby Joseph Cohen Services, for her expertise and exposure to different areas of the market.
How can i reach her if you don't mind me asking?
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
@TatomWyett
excellent share, curiously inputted Abby Joseph Cohen Services on the internet out of curiosity, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
Good work Michelle
Great to see Andy! - and now dipping in his toes...
Supposedly there was never a written Petro Dollar agreement with Saudi Arabia. It just didn't exist. Please fact-check! Don't just jump on the rumor bandwagon someone started.
Whether there was or was not; as its stands they used it and now they don’t
Bang on ❤
Great interview. Agree with Andy's closure, that Michelle is the best! Thanks!
Now, this is a Top G.
Andy has the right of it.
Great interview! Great substance!
I can't tell you how much l appreciate your time your views and you as a man Andy. Thank you
👏👏👏👏thank you for calling out Columbia University, Obama, others as Communists, Socialists.
Good job thank you
Great video. Thank you.
Brilliant man. Brilliant woman. Brilliant interview. Keep 'em coming! >...........................:)
Scary!😱
Andy admires Michelle!
who doesn't?
She’s perfect in every way. Imagine if Michelle were running for president?
Another excellent interview. Thank you Kitco and Michelle.
Given the current astronomical level of national debt and the rising tide of geopolitical tensions, my concerns are deeply rooted. If the United States were ever to default on its loan obligations, the fallout could be catastrophic, potentially igniting global conflict. History has shown us that when major economies fail to honor their debts, the consequences are severe. In the case of the U.S., such a default could wreak havoc on the global financial system.
While the idea that the U.S. might provoke a large-scale conflict, such as a third world war, to evade its debts may seem far-fetched, it highlights the severe risks tied to fiscal mismanagement and international strife. If a nation can no longer fulfill its obligations to creditors, eliminating those creditors becomes a stark, albeit drastic, consideration.
I worry we are already on the precipice of such a conflict. The situation is so volatile that a single U.S. default could be the spark that ignites World War III.
US will not default. Reset the system, yes. Inflate to oblivion, yes. Do one to ensure the other, yes. The fact the MMT crowd has the leftists ear should scare the tar out of everyone.
The train has departed!
Russia has the nuclear capacity to destroy all Western nation in one press button😅😂 Michelle Makori is a Fool to hear😅
Why Does US buy Uranium from Russians🇷🇺 Arent you funding them😂
@@RamalingamKB -- The same way EU is still buying Russian oil and gas. They can't get supplies from anyone else. So yes, the EU is breaking their own sanctions and also financing the Russian economy.
God bless your guest snd all of us.
Open minded 39 minutes in from Andy is priceless. 👍👍
Andy is the best
"i had a painting commisioned"- points to AI generated poster.😂
Love your programs thank you so much !
Great interview Michelle - really enjoy Andy's opinion and thoughts
This is like a leaking water tank in time it can't get better only worst.
This is one of the best interviews that I have seen. I think that his info comes from the right place and that his heart is in there too. He didn't even flinch when you pushed him on those difficult questions. Both of you did a great job!! Thank you and blessings to all.
.