Massive U.S. dollar dump? BRICS to launch new currency causing tsunami of inflation - Andy Schectman
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- čas přidán 30. 06. 2024
- 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.
Follow Michelle Makori on Twitter: @MichelleMakori ( / michellemakori )
Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow )
Follow Andy Schectman on Twitter: @MilesFranklinCo ( / milesfranklinco )
0:00 - Central bank gold
6:00 - China's Belt and Road Initiative
7:11 - Saudi Arabia and the Petrodollar
9:22 - Weaponization of the dollar
10:43 - BRICS strength
13:34 - Bifurcation of monetary system
18:02 - Kinetic war?
20:48 - Russia and Ukraine
23:01 - U.S. military might
24:35 - De-dollarization
31:15 - Timeline for reset
32:05 - Own nothing, be happy?
36:50 - Insiders buying precious metals
38:33 - Central bank digital currencies
40:16 - Gold
43:20 - Bitcoin
43:51 - Canada's gold reserves
44:55 - Mastermind behind the Reset?
46:17 - Anything that can derail this?
49:02 - Investment implications
#gold #money #dollar
__________________________________________________________________
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BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions.
@@yolanderiche7476 Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $1 million.
@@belobelonce35 Your experience sounds fascinating. Would you be able to recommend a reliable advisor whom you have consulted with?
@@edelineguillet2121 Renowned for her proficiency and expertise in the financial market, “Julia Ann Finnicum” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
it is not that big a deal .......you have a stash of gold you get brics currency credits .......you put the credits into an international trade account and you trade ...adding and subtracting from the account as you buy and sell .......keeping trade balanced keeps you solvent .....start trading two dimes for a nickel you wont last long
We've abused our reserve currency status...it's only natural for other countries to diversify away from the dollar.
"We" havent abused a damn thing, these settler colonial imperialist did
And then there's the confiscation hazzard
@Jon Thomas Yes Jon... in desperation of the US Treasury to retain value that might happen. So, if you decide not to surrender your precious metal assets it's possible to store them where they are safe. Why let the Feds steal your wealth? You either choose the poor house or the jail house... which one do you want to experience?
It’s only backed by gold if you can exchange your rubbles yuan etc for gold - seeing is believing. Gold is old school BTC is anti fiat
It is costing them cold hard cash not to. And plenty of it.
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
@@ardeand These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones
@@vivianecardoso0 It's a good time to buy and basically I've just got cash sitting duck in the bank and I'd really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
credits to ISABEL LINDA DUERI, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@vivianecardoso0 There are lots of them but almost everyone works with ISABEL LINDA DUERI this days, she's getting more recognized by day, she strategies has been the best this period
US's massive printing of dollars in the face of trillions debt really shakes confidence in it.
Stolen Russian assets also.
As well as Venezuelan gold.
PRINT MORE ENDLESS TRILLIONS OF IOU PONCI SCAMMING SCHEME DOLLARS AND USE THEM FOR MORE SANCTIONS AND INTEREST HIKES TO MAKE MORE MONEY. IT IS VERY GOOD FOR AMERICA AND THE WORLD LOVES IT. AMERICA IS FOREVER GREAT.
u s g do not print usd.. thats why there are tens of TRILLIONS of national debt...
Yup, the US exports inflation. Im surprised countries have put up with it this long....
This didnt just happen ovrenight tho....this is something theyve made progressively worse and worse, each decade, so Im assuming they have a plan.
You won't hear this kind of analysis from mainstream. Thank you.
Sheeplins 🐑 🐏 🐑
🤣 🤣
@@deesus1085 Possibly. But he's right that the US is indebted beyond what's it is able to pay, and countries are looking for alternatives.
@@davenetdog you want informative ??? Listen to channel FSS Full Spectrum Survival. Brad reports. Truth. It isn’t pretty….
Mainstream medias or channels have turned themselves into liar/cheaters channels n if anything they are for entertainments purposes by their clown controllers🥳🤡👹👀🧐🔎🙄💸🤑💰🤔
Thats because it's wrong. Will not work.
Correction - India is not a part of the Chinese belt and Road initiative. But I agree that de - dollarization is on India's mind. In India there is an open and aggressive discussion about de dollarization. Ways ,policies and methods are being researched about it.
But technically they are crossing Indian territory.
As soon as we take back POK it will be a part of India
not only in mind actually india has started it, vostro account....
INDIA SHOULD TRY IT...WE IN EUROPE WILL PAY INDIA, IN ROCKS.......HAHAHA.
@@jjbiggmann5576 Why not in Euros? Why EU acts like a vassal state.
@@rahul.thakur COS ROCKS ARE CHEAP...AND WE EUROPEANS....LIKE REAL MONEY...LIKE EUROS..!!
Thank you for telling us the truth and what's going on! Now that we can't depend on the mainstream media for the truth.. thank you from Chicago 🇺🇸
Cept no one wants rocks in the ground anymore like Gold. The new generations, the ones of the future, want Bitcoin.
Bitcoin just make sense to use instead of gold for country to country settlement. Much easier to transport, much more transparant.
Bitcoin would make for a truly fair world. And then I imagine, some countrys would back their CBDC with Bitcoin.
This aint no accident, it is by design. 🔥🔥🔥
Yes, modern colonization
They're tired of this country calling the shots and manipulating every thing
And starting war everywhere
Agreed
@@kenetic1228 I agree with you
YES , truly and Americans could suffer from this
Sounds like the great pay back. When this dollar collapse happen, the suicide rate will go through the ceiling.
Didn't Charlie Munger and Warren Buffett invent the strategy of buying/investing when the market is low and also buying/investing when the market is high? As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My wife and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock...
sell
Now in 2023, 18 countries agreed to trade in Indian rupee over dollar & it's just a beginning😃❤
Wouldn't recommend that
Are you happy thinking that rupee will replace dollar? It's just tiny fraction of global trade
@@alpeshmittal3779 Big things don't happen overnight. It's just a step towards greater goal i.e de-dollarization.
@@lostyly and why?
Best episode of the year, right here. Andy is one of the most honest & knowledgeable figures in the industry.
Yup.. same with this girl.. how honest she's.. example : when she suggested why US not using military might taking down Saudi & other pressure method towards others country.. 😂..
As simple as Andy tell us, it will projected like fight with all of them.. hell yeah.. it's surely make downfall dollar in faster phase.
@@PCai2012 please check your English in the hopes of being understood fully…👍🏽
@@annalisa14 I don't think USA is on Team USA anymore
@@fullofhope2222 As our rulers continue to grow apart from the needs and desires of working Americans, this will increase.
Don't worry dollar will still be the major currencies of the world along with euro and bricks currency only difference will be that it will loose its political clout
Andy Shectman, one of the few Americans telling it as it is, no sugar coating, just a hard pill to swallow matter of fact
@Patric Tutaki.
Developing nations can burn all the fossil fuels they want. Eventually they will face the problems northern china and Mongolia are facing. Nations adopting green energy over fossil fuels will win in the next few decades
I wonder who is controlling all the lithium, cobalt and copper mines and infrastructure in africa
@@YourUncle8501 who's controlling all the software and high tech manufacturing of semiconductors? It's not China. They assemble them. That's about it. In regards to mines for electric batteries, expect the US to move to where these mines exist.
@@YourUncle8501
Brazil went through our predicament back in the 1970's, when their economy was crushed by inflation. It's now our turn to restructure our economy, and to reconfigure our currency exchange with the other countries.
Yes, Good and Structure into it Weaponizing MORE ENDLESS SANCTIONS AND PRINT MORE ENDLESS TRILLIONS without Accountabilities, Traceability with IMPUNITIES.
gibberish.. default will be catastrophic.. all nation states will collapse bc they also have massive debts engineered by the CBD central bank dynasty.....
de-dollarization is the only way to tame this bullies
I couldn't agree more with you
One of the best monetary interview ever presented. Insightful, reasonable and original.
LIVING BEING IS OUR RACE, MANKIND IS OUR RELIGION, HINDU,MUSLIM,SIKH,CHRISTAIN, THERE IS NO SEPARATE RELIGION
ALMIGHTY GOD KABIR is the father of all souls that JESUS, MOHAMMAD, GURU NANAK, VEDH was telling in BIBLE, QURAN, GURU GRANTHA SAHEB
.. In OLD Orthodox Jewish Bible KABIR is mentioned...KABIR means (GREAT or MIGHTY GOD) in hebrew...but when translated in different languages translator removed KABIR word
Quran written in arabic has also KABIR word....KABIR means THE GREAT in arabic.
In vedh also KABIR is mentioned....
GURU NANAK himself described that LORD KABIR is his Guru and Lord KABIR met him..and in GURU GRANTHA SAHEB Guru Nanak called Lord kabir as kartar (GOD)
Just by reading holy books it is impossible to get depth knowledge of Holy text because we are just a living beings.. In vedhas also KABIR is mentioned...our brain isnot capable and doesnot understands the secrets behind the words and world.....GURU NANAK, JESUS AND MOHAMMAD were aware of LORD KABIR but later followers were not able to get depth knowledge
The accumulation of gold by foreign central banks is astounding.
Consider the elevated dollar conversion rate and gold price record levels in their currency?
Troubling!
Follow the money
“Astounding” and yet, gold is only up +0.04% YTD. When is the penny going to drop for you guys? Just how gullible are you, huh? 🤷♂️
Not just gold, but silver as well.
@Bergamo The central banks are buying gold/silver in record amounts never seen before. The numbers are public record on the COMEX and LBMA.
The point is other nations are tired of being bullied. Imagine how many times the Western Countries one sided as a sanction, penalty during conflicts, withhold gold and dollar deposits /reserves of other countries which was legitimately entrusted into Western banks.
It was the end when they put sanctions on central banks. It started with Iraq and it will end with russia and china now. To put it starkly, I have a wholesale business in kenya and I used to keep my dollars in a dollar account here. Now I keep yuan with a bank in Hong Kong. I only went there to open the bank account. Everything else from my phone. This dollar business is starting its endgame.
Gold Standard, Nixon in 71....rinse and repeat.
The end of the Dollar Seneurage enjoyed by the United states of America !
I found your channel 2 days ago. I thoroughly enjoy the long-form interviews. I am able to obtain more information while I can get other things accomplished at the same time. You are now in my top 3 CZcams channels. Thank you.
You didn't 'left Afghanistan' you were defeated and you left like a thief in the night.
Come back to Afghanistan and fight if you tough enough!
Wonderful!
This is why I love Kitco. Real experts explaining complex concepts in an easy to understand way.
A guy who owns a successful precious metals company as a real expert on how to market precious metals? Sure. Same guy as a real expert on a global monetary reset? Why?
@@jaygatsby1 you're afraid of this truth.
@@jaygatsby1 Because he sense things are changing like it or not. Better be prepare and be ahead of the game. Diversity is key!
Yah, all except Kevin o greedy that z David had on recently . That was a disaster to credibility….
Y’all better be prepared for LOTS of disingenuous reporting and for huge global economic change. Lots of poverty and supply chain disruption.
It’s gonna be like never before. Practice days without your phone. Without electricity. Without freezers or refrigerators or heaters.
Pretend you live in the Gaza Strip or in the 12 refugee camps of Syria. THEN, you will be ready for the next 1000 days….
I am not from U.S. But I think de-dollarization will a blessing for US citizens in the long run. It will give them an opportunity to reset their house back to order, move back to manufacturing and production. But it won't be easy. It will be a bitter pill to swallow. It will also significantly lower the immigration to US.
US will become a cesspit after it loses its currency supremacy.
USA manufacturing is no more possible
Will be better in the long run for sure. Will be rough at first but the society will heal and the future will be bright.
It will reduce salaries to Atleast 60 percent than why will any immigrant come to usa and will americans work to salary like that??
@@EnzoZehariel don't just blame Biden...USA have been resorting to using the dollar to manipulate to its advantages n benefits way b4 Biden...
Andy telling it as it is! The accumulation of gold by foreign central banks sounds suprising! I guess it was when they saw that the US could freeze other nations assets freely. Following Yvonne Annette Lively’s advice from fin-up, I believe that this trend will continue and I’m glad to have diversified my ptf by including a lot metals despite being skeptical at first.
We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control - Wu Yi
Honestly, I personally think it's not about de-dollarization. We should be leaning towards decentralization. Did you say Yvonne Annette Lively? The Pm with Morgan Stanley? Recently featured on an interview with Tate?
@@hueymorello5115 I think she spoke about debt and credit fueling the society right?
@mary Insha allah. Thank info… I see website and speak phone. Insha allah thanks Mary
@@hueymorello5115 she averages like a 15% m-roi?
Excellent interview. Very good questions and detailed and deep responses.
By far the BEST insightful and explorative interview out!!!
Andy is a genius. Michelle asks the best questions. Marvellous interview..thank you Kitco.
Glad you enjoyed it!
Michelle looking so cute 💗💗
This was GREAT. Michelle really asked GREAT questions.
Wow, that was an eye opener. Great discussion. Thank you!
US has started to accept that dedollarization is inevitable, they know the impact on US and western economies are huge. Western economists and intellectuals need to come out with plans to not only reduce the blow of this but also convert this into an opportunity. They have to unlearn the old ways and learn the new and do the best they do which is innovation. All of this should be done in a legitimate way and not with the intend to con the world. Stop bullying as they have lost that power, developing world see them as who they really are.
The point is, it is barely possible that politicians of the US would agree to give up its "privilege" to weaponize dollars, and it is also impossible for the most of countries that would give in especially now they have a more trustworthy partner, China that, seems to be able to survive from all kinds of sanctions and bans from the US, and even fight back, so dedollarization is inevitable and also unfixable.
The UK is going to fooked, a country withouth commodities.
As per World gold council, Indian household gold reserve is more than all world’s central banks put on one side.
Thats true. We do consider gold as anyday the best form of investment.
Richest countries are usa and and western countries. India is nowhere near that. Who cares about gold when most of your people are living in poverty.
Any source to back your claim?
@@kunalm2008gmail no source needed. If an Indian said it, it’s considered the truth.
@@bendover-bz4bc and yes Mr dumb, india is No. 3 in purchasing power in the world. So your rich western countries cant even afford electric bills n in UK thousands of girls have no access to sanitary pads and in Germany , most of the college girls have become prostitutes to meet their ends. Go n search each of these news on google.
This interview is just perfect, great work!
Andy is a godly man speaking the truth! ♥️🙏🏼
Thank you!!!!
One of the best interviews in awhile.. Michelle asked the exact questions I had racing through my mind, while Andy humbly answered the questions as simple as possible. Great conversation with these two..
Thank you!!
Andy Schectman....You are a true human being. Sharing your knowledge transparently, to save as many of us from the clutches of thought out and deliberate evil. Thanks also to Kitco News for enabling and hosting this. To be forewarned is to be forearmed.
He’s an idiot. Dude really just suggested that Saudi Arabia is looking to Russia as its security guarantor😂😂. This channel isn’t even news, it’s a company that sells precious metals.
Thank you so much!
Bravo to both interview and interviewee. An excellent discussion with excellent questions from a knowledgeable interviewer.
Michelle gives an outstanding interview!! I thoroughly enjoyed the the questions and follow up questions and the honesty and knowledge of the guest. A+ all the way around!
Interview soft as butter
This was the best interview so far this year. Kudos to both Andy and Michelle! Almost an hour long interview that just whizzed by quickly.
Mostly because looking at Michelle for an hour is hot as hell.
Watching 2⃣❌ SPEED ⚠️⛔⚠️
Thank you!!!
Thank you!!!!
shocking...2 israelis crying about money
For those that haven't heard yet, news came out within the last couple of weeks that India has ditched the Dollar for the UAE Dirham for its oil purchases from Russia....
This is one of the first dominos to fall... It's coming folks...
Edit:
Several other countries have either applied or expressed interest to join BRICS including Argentina, Indonesia, Algeria, Iran, Afghanistan, Thailand,Turkey, Nigeria, Senegal, Nicaragua, Kazakhstan, Saudi Arabia , UAE and more...
It won't be long until nearly HALF THE WORLD'S POPULATION is part of the BRICS Nations....
At that point, it's going to be a BRICS vs NATO world...
Great..
You will notice that it's mainly a non-anglo alliance because they're sick of being exploited and demonised constantly by the West.
Your on top of your game NICE
The UAE Dirham is pegged to the dollar - so they’re still using it.
If resourceless NATO will still be around
Has new information. Thank you.
Excellent interview. You asked and every single question I had was answered. 😊
Wow! Michelle is brilliant! Truly one of the finest interviewers in the business. Coupled with Andy Schectman who is incredibly knowledgeable and whom I admire immensely, and you have a blockbuster segment. Phenomenal job… thank you both!
Yes but unfortunately the bearer of bad news
This was a great interview! Nice job Michelle Makori, Andy Schectmans honesty about his son being 15 years old and he hopes and wishes that he is wrong about the circumstances he see's & how they will play out? , But he doesn't think he's wrong.
Thankyou for your time & honesty doing this interview.
I'm impressed by the quality of this interview - free of idealism and stigma, simply talking facts and sense.
Michelle this has been the best interview on KITCO I have ever watched, thanks to Andy for his thoughts on where the US is headed. Great job to both of you.
6:45 Correction: India isn’t part of China’s belt and road initiative.
The entire world would dump US dollars to protect their own countries' self interests when the avalanche starts. Period.
It's called Operation Sandman.............might be used one of these weekends for your enjoyment......
This is a very intelligent and Sincere Guest. 👏🏿👏🏿👏🏿👏🏿👏🏿👍🏿👍🏿👍🏿👍🏿
Good video...well thought out
This by far the best interview I have ever heard about BRICS and the future of money. Learned a lot, and the way it was conducted was absolutely brilliant by Michelle. As en European, and after the Covid response, I am worried about CBDCs and the way they can be programmed to control our spending, and I am worried about the collapse of our economies if the dollar falls, which would result in massive inflation and increased poverty for the general population. We live in interesting times, and I hope We The People can rise above it.
USA dollar has been a waste of time
If USD falls, it doesn't influence EU at all. Euro is not tied to it in any way.
@@derbigpr500 I disagree. Much of our economies are tied with American businesses, so if they suffer or go down, it will definitely have an impact in Europe.
@@derbigpr500 😂
Dollar will never collapse. Dollar may weaken, but that's not collapse. First dictatorships need to stop hoarding dollars, thats impossible. Russian and Chinese oligarchs convert their valuables to dollar and even if they fully stop, it won't make dollar to collapse. If BRICS stop using dollar 100% (and that's impossible btw) dollar would still survive it.
Michelle, you and David always ask excellent questions, but this interview was next level. Thank you very much!
Grest interviw again Michelle, you have some of the best and inightful guests on your program.i really appreciate you asking the"Tuff" & "Right" questions. thank you.
Great conversation!
FINALLY AN INTERVIEW WITH REAL WORLD EVENTS, GOOD JOB KITCO👍👍
The BRIC nations simply don't want to be the victim of a MONOPOLY GAME player that himself can prints unlimited money.
Phenomenal interview. Spot on.
Great video, great interview, great guest and hostess
Go Andy!
Michelle is a joy to watch and has a fantastic way of navigating these interviews..Sending Love ❤ to the world wherever its needed 🙏🌏
It was like a shipwreck
Andy hit the nail right on the head. Thank you kitco for not always putting on absolute dollar shills.
Thank you!!!!
Spot on Andy
Best interviewer I have heard in a long time.......great questions and keeping him on track. Great.job
This Gentleman explains a very complex subject so clearly. Wow , thank you 🙏🏾. We know how and why to protect our wealth. At least I do. 🖤
Yeah, gold. Occam‘s razor.
Cryptocurrency
With gold, you’re not “protecting your wealth” at all. YTD it is only +0.04% Inflation is running 7-8% and destroying your wealth so it’s a rubbish hedge.
@@imconfused1237 interpretations are our own. But the digital currency is going to have to be based off of something tangible ultimately. If you have something superior than gold, I’m all ears.
@@grizzlymartin1 Bitcoin. It is that simple.
When the world saw that United States could block the SWIFT, freeze other nations assets freely, the world has no alternatives but to repatriate their assets such as gold back to their own country. I believe that this trend will continue and a new gold trading system would eventually evolved. Dumping of USD should be viewed more objectively. Part of this was changing into other forms of assets or currencies. But part also reflects that a lot of nations need to use their USD to face the difficulties caused by the war, inflation and covid.
Objective comment.
Even France moved all their gold back to France now
No body is moving to gold standard world doesn't have enough gold to do it
@@gentlemane27 Exactly...when creditors demand payment in Gold it will fold just like it did under Nixon in 71.
Great interview!
Thank you.
India launched digital rupee that is synonymous to crypto but with backing of govt. Also, digital rupee is backed by gold reserves not just paper printing machine.
And fools in west couldn’t think of doing this. No one is as smart as Indians, right ? This is why so kuch innovation has come out of india. All the technology and medial advancement, everything came from india. No one else contributed anything.
@@9Rehankhan19 Just Google it,which country launched the digital rupee first you will get the name INDIA it's an innovation by india and he is just appreciating this fact ik you can only invent and make terrorists and radical islamists or hate comments like this 😂
Wrong. It's not backed by gold. It's a fiat currency that just holds equal value as the paper currency.
can people outside India buy it?
@@Dz-sy4zh when it launches for the public, you can buy it but how will you spend it?
Andy is always on point and hammers through his well thought-out thesis.
Good info.
Quite detailed and intuitive
Everyone is realizing Alex Jones was right.
Yes !
Right on !!!
Andy makes a lot of sense.
Great 👍🏻 show
Very insightful
Great show
How can he be wrong? He answered all of your questions with historically correct facts... " Is US debt too big to pay off"....Yes.
This why they want Russian asset's 👎
Yes,the americanos clowns kept printing money 💰 🤑 💸 that they fund wars n destroyed countries n lives,thinking they just cost them papers n inks !!! The americanos politicians think others are stupid or could not see their greed n selfish enriching themselves or ???!!!
Bring Andy back in about 6 months or so to see how things happened and to get his perspective again. Great job by Michelle to challenge him and when he didn't know to actually say he didnt know and not make something up to look smart. All around great job by the both of them.
Thank you very much!!
Great news thanks!
Good info
Michelle and Andy, the most interesting and enjoyable Financial news I have ever watched ! Thanks
Thank you very much.
This is one of the best, concise, informative videos i have heard yet... Its coming folks... Prepare while you still can!
Fantastic show
Excellent segment
Amazing wealth of knowledge this man has. Tough future for the Western world.
Digital dollar.
The future is a Bitcoin standard for the world. CBDCs never work because they solve nothing, just accelerates inflation and the dollars demise. Likely a CBDC results in hyperinflation burning the system down immediately because it starts a panic by the broader public. Just like Nigeria is experiencing with their eNeera CBDC. People will try gold, silver, and magic money but Bitcoin wins by the fact is preserves value 10X better. It crushes by network effect.
It’s a tough future for the whole world - don’t think BRICS countries will not suffer - the grass only looks greener on the other side of the street - but someone still has to mow it.
Move too one of the brics we don’t need u
Best episode yet! Thank you both for the great discussion and debate
I have seen Andy many times but this is probably his best. A really good conversation.
A very intelligent, practical discussion
brilliant and bang on
Excellent insight and interview.
You must be short sightedness
Andy makes some good conclusions based on recent events. The next 5 years are shaping up to be volatile.
This Andy guy 👌🏻👌🏻
This guy says it like it is! Great interview! 👍
yeah but she sucks
Awesome and deeply informative interview. A full constellation of stars for Michelle! So inquisitive and bringing unforeseen perspectives, like during a chess nasters game. Cheers!
this guy is very smart! makes it easy to understand
deflate, default or blow the whole thing up?
Yes, if that means the greenback is flowing back to the USA. Look out for between August and October this year. It's when BRICS+ is expected to launch its basket-based currency.
Excellent episode and really informative from both Andy and Michelle. I ❤ Kitco!
Thank you for your superb efforts at keeping everyone well informed
Michelle you are such a genius puzzle master collaborator- you have garnered a chance to your listeners of financial awareness never before available!!!!
Absolutely grateful for your interviews and your choice of interviewees! 🎉 the part of humanity that is paying attention thanks you 😊
great analysis
Great insight without fear or favour 👍. Calling a spade, a spade.
They already are dumping dollars. Anyone smart would be.
All fiat is trash
@Johnny Amen.
Headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I'm sure the idea of a coach might sound generic or controversial to a few, but new study by investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months
I've heard that this Is a great time to buy. But now that inflation is at an all time high, I have money sitting in my bank account that I would really like to use. Would it be okay if I looked up this coach you mentioned?
Credits to Viviana Marisa Coelho, one of the best portfolio managers out there. she's well known, you should look her up
I curiously looked up Viviana Marisa Coelho and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals
Very good interview
Michelle is well worth the hire. She knows her stuff and able to handle interviews perfectly
She's really easy on the eyes too.
Thank you for this excellent interview. Wonderful insight . Change is definitely here....we in North America will be under great pressure to maintain our traditional lifestyle. This is a bleak future..
Everything is digital, why would you stay in north america ? You an do all the work remotely from other side of the world with low cost of living, southeast asia? Bali island....and you can do trading from there...just a suggeation
I hope not
@@rohmatelevate a lot of reasons to stay in the US. Best physical place to live when you consider our resources and ability to self sustain. The only real reason to leave is because our own government is likely to become hostile towards us citizens in order to control everything and everyone to maintain the power of those people at the top.
They may rather burn their own country to the ground in order to rule over the ashes than allow evolution to happen here for the greater good at the cost of their personal power and control.
Control these politics and governance by the people is paramount.
Otherwise yes it’s smart to leave sooner than later and go somewhere that is embracing bitcoin. They will be the lifeboats.
All depends on how desperately the people in control are to remain in control.
@@rohmatelevate Bali had terrorists blowing up tourists. Many other "peaceful" or "exotic" or "paradise" locations have plenty of violence and very sketchy rule of law.
@@jeffwackerly Unfortunately places like El Salvador are very subject to extreme corruption and violence too, and even peaceful countries can have their leaders overthrown and replaced with U.S. or other Western-backed dictators. And it is likely China will step into the same type of shoes to do the same thing in the future in their own hemisphere and Africa, too.