Massive U.S. dollar dump? BRICS to launch new currency causing tsunami of inflation - Andy Schectman

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 () Follow Kitco News on Twitter: @KitcoNewsNOW () Follow Andy Schectman on Twitter: @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 s