Petrodollar Collapse Accelerating in 2024, The Fuse Has Been Lit – Andy Schectman

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. *Swan Bitcoin* *Swan Private* - Go beyond legacy finance 👉 Follow Michelle Makori on X: @MichelleMakori () Follow Kitco News on X: @KitcoNewsNOW () Follow Andy Schectman on X: @MilesFranklinCo () 00:00 - Introduction 02:42 - BRICS Expansion and Influence 04:30 - The Petrodollar System 17:11 - De-Dollarization & the Saudi Significance 36:40 - Countries Dumping U.S. Debt, Dollar 44:12 - U.S. Response to De-dollarization 53:15 - BRICS & Common Currency 57:50 - The Role of Gold and Central Banks 01:07:50 - Bitcoin Don’t miss these previous videos with Andy Schectman: #BRICS #geopolitics #dollar #economy #debt __________________________________________________________________ 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: 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, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News.