Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin, who discusses the official addition of five new members to the BRICS bloc as of January 1st. Schectman warns that the expanded alliance, which includes Saudi Arabia, accelerates the collapse of the petrodollar and ultimately leads to the demise of the dollar as the global reserve currency. He explores why countries are dumping U.S. debt and stockpiling gold. Schectman also gives his outlook on the BRICS common currency and shares his forecasts on gold and Bitcoin.
“It’s a situation that I don’t think can last under the current path that we are on right now, and something’s going to break. Whether it emanates from the BRICS or from within, and whether it’s intended or not, I think the day of reckoning is coming.”
