New Global Reserve Currency
March 21, 2023
43 min
Full
416 of 638
March 21, 2023
New Global Reserve Currency
0:00 / 43:45
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The Rich Dad Channel Episodes Around March 21, 2023
Episode 416 of 638 — walk the feed in the order it was published.
43:45This episodeNew Global Reserve Currency
Summary
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.<br /> <br /> 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."<br /> <br /> 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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