"A Tsunami of Inflation": One Interview Everyone Should Watch This Sunday
Looking to red-pill your outlook on the global economy? Here's 51 minutes I found to be extremely sharp analysis on how the world is changing drastically while no one seems to notice.
Don’t say you weren’t warned.
That’s the only thing that comes to mind when I continue prattling on about how I believe the global economic landscape is shifting. My readers know that I have long held that the U.S. dollar will soon face a challenge as reserve currency and that the days of the petrodollar and hegemony are at risk. It’s one of the reasons I like owning precious metals, miners and other assets that create diversification from the current state of the global economy.
My readers also probably know my good friend Andy Schectman. He’s President & Owner of Miles Franklin Precious Metals. He’s a world-renowned expert in precious metals and recently took the time to explain, in an incredible interview with Kitco, the case for a coming global monetary reset.
He lays out the 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”.
I think Andy’s analysis here is spot on and share almost all of his sentiments.
Here’s an index of key talking points during the interview, though I believe the entire interview from beginning to end is worth a watch.
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
For anyone that wants to reach out to Andy directly, he can be reached at andy@milesfranklin.com. Finally, for those of you that haven’t heard Andy’s similar analysis on my podcast from 2022, you can listen to that interview here.
QTR’s Disclaimer:
I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning in varying size. This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. These positions can change immediately as soon as I publish this, with or without notice. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.
Andy’s presentation at VRIC was the best in my humble opinion. Please bring him back as soon as you can on your podcast.
Liked for the disclaimer alone. Now I'm going in for the interview. Wish me luck. I've had to figure out medical stuff with Covid, which was bad enough. Now it's Economics and Climate. I would like the Universe to give me a break now. Please. If it would be so kind. In the meantime, think I may need one of your beers. I don't even like beer. Dammit.