BRICS expansion: 85% of global population to dump U.S. Dollar ’all at once’ — Schectman (Pt 1/2)

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin, who says a new commodity-backed BRICS currency is an inevitable outcome in the long term. But for now, investors need to pay close attention to the relationship between Saudi Arabia and the BRICS alliance. Schectman explains why the move to de-dollarize is already ’past the Rubicon’ and discusses what to expect at the BRICS August summit taking place in Johannesburg, South Africa. Schectman explains why he sees 85% of the global population dumping the greenback in due time. He also examines the U.S. reaction and gives his outlook on gold and the U.S. dollar. For more background on Schectman’s thesis, watch this video: 🔥𝗣𝗿𝗶𝗺𝗲 𝗫𝗕𝗧 - Sign Up for a new Trading Account on Prime XBT! 👉 - Receive a deposit bonus of up to $7,000 with promo code: BONUS7K Follow Michelle Makori on Twitter: @MichelleMakori () Follow Kitco News on Twitter: @KitcoNewsNOW () Follow Andy Schectman on Twitter: @MilesFranklinCo () 00:00 - Intro 03:40 - Saudi Arabia and BRICS 08:30 - BRICS expansion 12:12 - Growing mutual cooperation 15:31 - New BRICS currency 24:35 - BRICS summit in August: why you should watch Saudi Arabia 26:44 - Pricing of oil 28:44 - De-dollarization is accelerating 31:40 - U.S. reaction to de-dollarization 36:09 - These players to attend BRICS August summit 37:40 - U.S. dollar outlook given a global move away from the greenback __________________________________________________________________ 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 To get market updates on the go, download the Kitco Gold Live! APP - Stay connected: Twitter - Instagram - Facebook - LinkedIn - StockTwits - Live gold price and chart: Live silver price and chart: Live crypto market data: Learn more about Kitco News: For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.