Watch part 2 of a very important discussion with Andy Schectman of Miles Franklin, and find out what Mexico joining BRICS means for the future of the new global reserve currency.
Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies — Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations — are “coalescing against the dollar.” Schectman believes that since 2022, de-dollarization “seems to be spinning much, much faster.”
Schectman expects a large portion of the world to abandon the U.S. dollar and he also predicts a “tsunami of inflation.” With rising inflation, Schectman suggests that the interest rate set by the U.S. Federal Reserve will continue to rise and a “collapse” in asset prices will soon follow.
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29 Comments
"This video is a real eye-opener! Robert Kiyosaki breaks down the truth about the dollar’s decline in a way everyone can understand. Brilliant analysis!"
Brics are being invested with countries with the worst human violations, these two ìdoits
That was a year ago, they’ve only grown since. The world is thankful for BRICS + making a stand against usa terror and war machine.
Food stamps and medicare alone will degrade the USD indefinitely.
I love this channel. Robert always keeps me sober.
But, borrowing money (currency, since 1971, from who?)
Kiyosaki drives me crazy with his double talk. Over and over again you rant about how the US has taken advantage of the world (which is true), and praised nations that work together in collaboration towards mutual benefit…and then you turn around and praise the politics of Donald Trump! Trump has done more damage to Americas most sacred alliances than any president in history. His isolationist policies guarantee disaster and isolation for the US – and the collapse of trust in the US institutions
That's not CHINA IMPACT..
CHINA SELF TERRIFIED FOR WEAK USA. CAN BE DISSOLVED TOO.
THEY STIL BET AT WEAK USA.
NO SOCIAL PRESSURE CAN STOP EXTINCTION OF MY ENEMIES.
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He wants you to buy gold bc he owns gold mines… dollar is dunzo yes but he’s using that to advertise his gold 😅
I appreciate your show. Bill
Go and try to get a steak at a restaurant with gold see what happens
Not the tum of the west of America
US Dollar will not collapse
People like this guy baffle me…..he always brags about how rich he is…and puts down US whenever he can….wants to pay no tax…so the country can go broke…apparently and proud of it when his own company never paid its own debts in bankruptcy….and of course these guys have biased interest in precious metals…look at what he charges for all these seminars and books that most people probably never benefit from….conspiracy theories….
Argentina. The bankrupt country wants to join BRICS. lol.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
Currently in Australia we have a USA based company in a buyout of one Australia's big gold mines.
Or big proportion of it. Which Makes this interesting even more.
Does this means the dollars power will decrease in value overtime.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
Mexico is our largest trading partner. We (Mex, Can, US) form a manufacturing powerhouse. Mexico has no sanctions but a free-trade agreement.
Great insights! You need to read the book by Brad Rigden called "Bad Money".
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
My question is what is going to happen to the poor
You need to read the book – "Bad Money" by Brad Rigden
mexico has joined BRIC WHEN THEY HOOKED UP DURING A VISIT TO CANADA WITH PM TRUDEAU