Petrodollar Deal Expires; Why this Could Trigger ‘Collapse of Everything’ – Andy Schectman part1/2

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who breaks down reports of Saudi Arabia letting the 50-year long Petrodollar agreement with the U.S. expire and what this means for the future of the U.S. dollar as the global reserve currency. Schectman believes that this marks the end of the era of fiat currency, as commodity backed money will return. He also weighs in on the latest geopolitical developments, including the latest sanctions against China and Russia, continued weaponization of the U.S. dollar, the accelerating de-dollarization trend, BRICS Plus Foreign Ministers meeting, G7 meeting, BRICS new currency, and more. Schectman points out how gold fits into the picture, laying out what a new world monetary order – or the Bretton Woods 3 – could look like. Stay tuned for Part 2 of this interview where he discusses the role of Bitcoin and the impact of a Trump presidential victory. This video is brought to you by Swan Bitcoin Swan Bitcoin IRA - Start Saving Now 👉 Link to Andy Schectman’s first appearance on Kitco News: Massive U.S. dollar dump? BRICS to launch new currency causing tsunami of inflation - Andy Schectman → Follow Michelle Makori on X: @MichelleMakori () Follow Kitco News on X: @KitcoNewsNOW () Follow Andy Schectman on X: @MilesFranklinCo () #petrodollar #gold #oil #dollar #BRICS __________________________________________________________________ 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, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.