I had to subscribe. This is how an interview should be conducted. Ask questions relevant to the issue, and allow the guest answer the question, whether you agree with the answers or not, you let the audience form their own opinion. I'm tired of channels where only people they entirely agree with can be given a voice on their platform. Keep it up, Michelle.
One thing i noticed that She's really asking very good questions. Rare in today's news channels. The guest is also honest and clear in his thoughts, not being partial.
This guest is in the precious metals commodity market. He literally financially benefits by scaremongering the dollar. But no he doesn't have an agenda at all. Dummy.
Amazing analysis Andrew and Michelle. Thank you for your detailed work and attention to detail. May you be blessed for proving such quality flow of information toward your viewers.
Wonderful interview! Great questions, clear answers. Perfect patience during the response time and push back. Thank you Michelle Makori and guest Andy Schectman.
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
renowned for her proficiency and expertise in the financial market, “Dawn Maureen Humphrey ” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@@frankbarnes22 Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
If you cannot have a deposit of value, the only deposit of value will be production, which is true wealth. Current financial world rewards those who do not produce.
China, India, South Africa, Brazil and Russia all share one thing. For centuries, the British Empire controlled all the sea routes, especially its choke points. After the US civil war the US joined Britain in its global adventures to dominate the oceans and seas. Britannia rules the waves was its mantra. The special relationship that the US likes to mention when referring to the UK is in recognition for its inheritance of the title which reflects that today the US rules the waves. The British nations and all those mentioned in wanting to join the alliance have known this for centuries now which is why the Chinese belt and road initiative is getting support. It is the only way they will be able to trade freely with one another without having to suffer US containment strategies and sanctions. Its a shame really. The US had the opportunity to emerge as true global leader but instead it chose the gluttonous path of imperialism as laid out by its corrupted surrogate mother.
As I understand it, it was after the revolutionary war America became independent. In my opinion after the civil war it went back to the status quo. The bankers centralised the US government under themselves and still rule it today. Who do you think rules America? The wrong side lost the civil war imo. It wasn't about slavery but rather state rights and freedom. They lie about the civil war. That's why there are so few movies. Fortunately we still have books for those still willing to read! The same banking familys run America as they do England. Sorry your American history isn't true. Good luck and God bless you!
@@adamtapas5584 They also lie about the conquering of Native American Indians. The USA 🇺🇸 made a peace treaty with the Indian Nations because the Indians tribes united and took down General Custer at Bighorn! The AMERICAN INDIAN PEOPLE ARE MUCH STRONGER AND WISER THAN THE CALVARY KNEW! The American Indians have a great spirit and they love this land. Don’t ever think lowly of the AMERICAN INDIANS BECAUSE THEY WERE MORE CIVILIZED THAN THE INVADERS WHO TRIED TO STEAL THEIR LAND AND LOST THE FIGHT!
Keep in mind that this has never been the desire of the American people, but rather the desire of the elites who have captured our government. But many Americans are finally waking up to the truth.
The Eurodollars and Petrodollars have historically allowed the US to enjoy a living standard that is way, but way beyond their means. It took so long to the world to realize that it was paying for it.
That is not true the USA is actually negatively impacted by Dollars being used as reserve currency as countries abuse the Dollar to support their own currency, they get Dollars for selling resources and then sell the Dollar and buy their own currency back which reduced the strength of the Dollar. This is actually bad for the USA so having countries not use the Dollar in this way is actually positive for the USA.
@@drscopeify😆 well if that happens your standard living will go down tremendously 🤔..just image you will have save money for everything u buy. Why do u think only in US we have 1.3 trillion in credit card debt..because other countries buying our debt..once the debt starts coming back we all be poor😂
@@drscopeifyone of the benefits is the us keep printing money like crazy without permission inflation, other countries will have crippling inflation if they print money. And poor countries are getting poorer, devaluing their currency against the dollar and have a black market with speculators trashing their currency.
@@jameskelly9243 Andy's last video got over 1.4 million views for Kitco. They would have him on again even if they had dozens of guests lined up. That said, Andy is all over the Web.
Michelle regarding your question that the Saudi Arabia still pricing oil in dollars. A currency performs three functions medium of exchange store of value and unit of accounting. The first thing that goes away is medium of exchange when others start using something else as medium of exchange. The second thing that will go away in a store of value because people will not store their savings in that currency. The last thing that will go away will be unit of accounting because people have to get used to measuring things in a different unit of accounting. As an example the world used to use imperial units of measures such as pounds and feet. It took some time for the world to move to the metric system. Same thing will happen with the US dollar. Just because it will only be used as unit of accounting doesn't mean that it will have the same value as it has now.
This issue is something the US has done to themselves. Our prodding Russia into a war in Ukraine was stupid. Putting sanctions on Russia for something the US does constantly was stupid. And Russia defeating our sanctions was foreseen and shows the world there is an alternative. Thanks DC
BRICS Summit in August 2023, definitely didn't invite the US, UK or France. French President Macron asked if they could attend the Summit and BRICS officials said, "no" to France. The BRICS ALLIANCE is changing the world, and it's a great thing. Countries are uniting and building strength amongst themselves.
Why for goodness would they want the blood sucking coloinal parasites to come into BRICS? ..we have had enough of these self imposed policman of the world and their bullying.. If they want to destroy BRICS in its infancy thats the way to do it.. The no1 rule must be no western countries allowed to join.. That would be suicide.. They will just take over BRICS and they will want to be incharge as usual.. The global south needs to get out of Western dominated organisations which are used against us..
This is a great way to shift that control of the fiat currency system to other hands. Look at history and the way the dollar has been weaponized over the past century. Hope the BRICS push through a gold backed currency as well as start trading in another currency.
You don't have to be best friends, friends or even good neighbors at all, if there's a 'perceived common enemy'; two enemies can come together to fight a common enemy' 😂
Poorest 3 billion people could easily buy all gold and silver. But .. they choose not to. They prefer Apple pfizer merck glaxo jnj bmw and nike products
The poorest 3 billion can't afford the brands just mentioned and buys cheaper versions plus most have a little bit of gold jewellery on hand to pawn when things go pear shaped
@@domjohnson2579 Brics is a joke led by a country that stands zero chance of displacing the US,, the yuan is toilet paper, their banks are full of toxic loans,, every metric sucks,, there will be no return to the gold standard either,, a formula for immediate war. Russia is third class,, Brazil is second class economy and India has little in common with them and in fact hates China.. it’s hard to stop laughing at this nonsense
Not. That is not the same..all trades had to be done using US dollars..This has nothing to do with conversion. Petro is undermining lower currency..makes it impossible for developing counties..it cost more for them.
Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I'm concerned that the rising inflation may lead my $420K in retirement funds to lose value. Where else could we put our cash?
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so far.
I too am a sock account trying to scam people by leaving dumbass fake comments about how some random broke ass dummy In a third world country could solve all my financial problems.
Michelle, the "big agenda" is to provide all countries in the world with "one common world monetary system where every country will be able to participate and trade their goods by using their own currencies backed by gold and other products". BRICS countries are presently, just helping show the new, modern way, in which countries will all be able to participate, trade, and grow by demonstrating their own strategies, capacities, and will to improve and grow ....!!!!!!
If other countries move to trade in their own currencies i dont think the USD will have much to worry about. Its about consistency and reliability. There aren't to many countries with a track record to match.
Usd is the worse option though. USA image is built on Hollywood, guns and missiles. People are losing confidence in USA and it is no longer the super country that we can look at for support. USA is an antagonist nation that keeps other countries poor for their own self interest. Only Europe seems to be trapped in that trance😂. I think Europeans see Americans as fellow Europeans over the pond but the usa lost that identity along time.
There is no conspiracy “within” to replace the US dollar. A digital currency will do nothing for a country that doesn’t have the key natural resources for electric cars, semiconductor manufacturing, and general manufacturing.
Be more likely a falling fldollar would be better for exports... But then American people have to be willing to put up with those sheet jobs for sheet pay
@@DW-op7ly China only needs resources from BRCIS countries to make goods to sell to the west so if BRICS somehow damages the west and trade from China to the west falls then they no longer need BRICS
😂 I've got my popcorn and I purchased a discount front row seat to this precious metals movie! When the movie starts they will be selling standing room only😂.😂😂
@totallybonkers2447 Agreed. Many possibilities, considering the computing power at their disposal. One takeaway, prices will no longer be set in the west for commodities from the global south.
The funny thing is that BRICS is build on western people buying goods form China/India and that is why China and India buy resources from the other BRICS nations, the entire system depends on selling goods to the west, Yes so BRICS is a joke.
Indeed and countries sell the Dollar to prop up their own currency which is negative for the USA as that weakens the Dollar so they are doing the USA a favor by no longer abusing the Dollar.
Great❤questions, great answers❤ Is there a transcript of this discussion? It’s a shame to just let thie information and ideas just go up in breath. You could even charge a little insignificant.
Its easy to cause a avalanche in Dollar. A small country can do it. Just call on the international community to levy a 2% charge on foreign buyers paying with US Dollar. They can dedicate the money to aid people suffering from American instigated war. If Bric countries, China and Saudi join in the call. Dollar is done. The hegemon is done.
If any country would even try to do this, that country would be under new leadership within a week. Either that or the US military would find an excuse to visit.
I wonder if Andy owns any currencies from these countries, Brazil, Russia, China, India and South Africa… I don’t think so! Host should ask this important question.
Certain responsibilities come with a Reserve Currency...none of which the US understands. Logic dictates that other countries establish an alternative system. No Surprise Here. Thanks Michelle for another great interview.
Nations trading in their own currency without US mediation is a good thing. We have to let the children go some time. The time is near. Stay diversified. Keep some cash on hand. The FED has implied that fire sales are coming. Most have never experienced interest on their saving. Bonds will become more attractive. This is a counter to the mass movement into PMs. I say 10 percent for the big guy. For protection. Write it off to insurance costs.
Children? it’s the caucasity and arrogance every paper money system has failed and will fail America isn’t special it’s worse it’s sodom it’s Babylon and world powers are thrown down all the time it’s time America is thrown down as well regardless if this ditch of the dollar is intentional or not it’s going to happen and cbdcs won’t save nothing when we are surrounded by enemies bullying the world
China is helping those countries to start a brand new economic system through building roads, bridges, railways, hospitals, airports, schools,etc while USA comes into lots of countries building military bases - multiple invasions after World War Two. Bid differences
Going to subscribe because this interview was on point. Thank you! On a side note, it feels like the US leaders are eventually going to try and sell the US to the highest bidder. Also, some are saying that Hawaii's fires were intentional to create a land grab for the super wealthy. I just don't know...Hawaii would be an ideal, out of reach safe haven for criminals/career politicians responsible for America's downfall. As a Christian, I always teach my sons this; We were blessed to have been born in the US but this country is not heaven on earth. It was never going to be a utopia because humans are incapable of creating such a place. I just thought we had more time to enjoy it. It's pretty gnarly to think that I'll be able to witness the downfall 1st hand.
I will be wanting my social security check in brics currency. Being backed by gold it will be a lot better than the US dollar or USDC digital currency. And I want to be able to spend it at the grocery store!
There is no stopping wokeness. If you kids are not woke, your grandkids will be. It's just a matter of time. The only way to stop wokeness is with nuclear war.
Decades? Possibly, but the supply is going to hit astronomical proportions which means savings and dollar derivatives such as bonds will lose value exponentially. $32T in debt, shrinking real GDP, $1T in interest on the debt and $192T in unfunded liabilities.
There is not enough gold for that much credit and transaction, I think it's basket of commodities like Gold, Silver, Oil, Lithium, Uranium etc. but it has to be a physical tangible asset! The problem is that other assets are very volatile!
The dollar keeps strengthening and gold and silver keep dropping, but I'll predict in October this all reverses and the economy tanks and gold and silver explode higher
@@josepablolunasanchez1283 You didn't understand my point, which was that the US dollar greatly strengthened the past 3 weeks which is why gold and silver tanked the last 3 weeks. But like I said; I think this will reverse and maybe it will reverse much sooner than the October date that I was predicting.
If it works and you hold usd, then price of foreign produced stuff will go up as usd devalues. Most of US population can only afford foreign produced stuff since it's less expensive but will become harder to attain basic stuff that is affordable through foreign production. Most cars, tools, grain, fruit are produced/processed then imported into US.
I'm very concerned as my retirement is paid in U.S.$$.. I don't live in the U.S. and am already feeling the dollar decline with the exchange rate where I'm at.. It will no doubt get worse.
American Universities are going to have to literally rip up their international financial curricula, completely: Students should drive this because they will not be competitive otherwise. The rules are changing.
will be interesting to watch this new currency be developed. A gold backed currency still requires trust, we've been there and the trust was broken. I like bitcoin as it is trustless and secure, but it will need to have a much larger market cap to handle 85% of the worlds trade.
Bitcoin is trustless???? You have to trust it's secure, you have to trust your bitcoin bank is sound, you have to trust someone can't make more, etc etc etc....Gold either is or isn't. Nothing to trust there.
Brics should not make important currency decisions until after 4th September 2023 as Venus is currently retrograde in Leo. The USA dollar will collapse during mid September 2023 through all of October 2023 due to the final transiting Pluto return conjunction to Pluto the USA Natal Chart - this Return of Pluto is a once in 300 year transit, so its both rare and very powerful.
"There are decades where nothing happens; and there are weeks where decades happen"
great quote ==> did you write it or its from some one else ?
Incredible few words
@@bilza2023 I believe it was a quote from Lenin
I had to subscribe. This is how an interview should be conducted. Ask questions relevant to the issue, and allow the guest answer the question, whether you agree with the answers or not, you let the audience form their own opinion. I'm tired of channels where only people they entirely agree with can be given a voice on their platform. Keep it up, Michelle.
Perfectly stated!
Yes, and Michelle is also easy on the eyes.
It'll be called the "Duran".
You are right.
That would be Western media .
One thing i noticed that She's really asking very good questions. Rare in today's news channels. The guest is also honest and clear in his thoughts, not being partial.
This guest is in the precious metals commodity market. He literally financially benefits by scaremongering the dollar. But no he doesn't have an agenda at all. Dummy.
Amazing analysis Andrew and Michelle. Thank you for your detailed work and attention to detail. May you be blessed for proving such quality flow of information toward your viewers.
Wonderful interview! Great questions, clear answers. Perfect patience during the response time and push back. Thank you Michelle Makori and guest Andy Schectman.
Thanks to both.❤
Subscribed
This is probably the best interview I have seen in a long time. Valid questions and proper pushback on logic.
Thanks for watching!
Kitco hit a gold run with this woman.
Thanks Michelle and kitco for having Andy on.
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
renowned for her proficiency and expertise in the financial market, “Dawn Maureen Humphrey ” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@@frankbarnes22 Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
it could be easily implemented from a technical perspective through the help of Blockchain tho
If you cannot have a deposit of value, the only deposit of value will be production, which is true wealth. Current financial world rewards those who do not produce.
"War is the continuation of politics by other means"
Probably also "war is the continuation of DEBT by other means"
...
War is when someone is unable to collect/pay their Debt peacefully
Politics is a continuation of War by other means
The only thing backing the US dollar is the US military.
@@1rjona someone = USA
Debt is a result of war by other means.
You do great work Michelle! Sure glad we have you to keep us abreast and bring on some of the great experts!
She's definitely a keeper!
Kitco missed the joke...
China, India, South Africa, Brazil and Russia all share one thing. For centuries, the British Empire controlled all the sea routes, especially its choke points. After the US civil war the US joined Britain in its global adventures to dominate the oceans and seas. Britannia rules the waves was its mantra. The special relationship that the US likes to mention when referring to the UK is in recognition for its inheritance of the title which reflects that today the US rules the waves. The British nations and all those mentioned in wanting to join the alliance have known this for centuries now which is why the Chinese belt and road initiative is getting support. It is the only way they will be able to trade freely with one another without having to suffer US containment strategies and sanctions. Its a shame really. The US had the opportunity to emerge as true global leader but instead it chose the gluttonous path of imperialism as laid out by its corrupted surrogate mother.
As I understand it, it was after the revolutionary war America became independent. In my opinion after the civil war it went back to the status quo. The bankers centralised the US government under themselves and still rule it today. Who do you think rules America? The wrong side lost the civil war imo. It wasn't about slavery but rather state rights and freedom. They lie about the civil war. That's why there are so few movies. Fortunately we still have books for those still willing to read!
The same banking familys run America as they do England.
Sorry your American history isn't true. Good luck and God bless you!
@@adamtapas5584you are correct slavery was told in reverse and told truthfully most of American history is a lie
@@adamtapas5584lol
@@adamtapas5584
They also lie about the conquering of Native American Indians. The USA 🇺🇸 made a peace treaty with the Indian Nations because the Indians tribes united and took down General Custer at Bighorn! The AMERICAN INDIAN PEOPLE ARE MUCH STRONGER AND WISER THAN THE CALVARY KNEW! The American Indians have a great spirit and they love this land. Don’t ever think lowly of the AMERICAN INDIANS BECAUSE THEY WERE MORE CIVILIZED THAN THE INVADERS WHO TRIED TO STEAL THEIR LAND AND LOST THE FIGHT!
Keep in mind that this has never been the desire of the American people, but rather the desire of the elites who have captured our government. But many Americans are finally waking up to the truth.
The Eurodollars and Petrodollars have historically allowed the US to enjoy a living standard that is way, but way beyond their means. It took so long to the world to realize that it was paying for it.
I don't think it's about realising, it just very difficult to change the status quo. USA has monetary, military supremacy for decades.
Africa the most and this is why the jig is up
That is not true the USA is actually negatively impacted by Dollars being used as reserve currency as countries abuse the Dollar to support their own currency, they get Dollars for selling resources and then sell the Dollar and buy their own currency back which reduced the strength of the Dollar. This is actually bad for the USA so having countries not use the Dollar in this way is actually positive for the USA.
@@drscopeify😆 well if that happens your standard living will go down tremendously 🤔..just image you will have save money for everything u buy. Why do u think only in US we have 1.3 trillion in credit card debt..because other countries buying our debt..once the debt starts coming back we all be poor😂
@@drscopeifyone of the benefits is the us keep printing money like crazy without permission inflation, other countries will have crippling inflation if they print money. And poor countries are getting poorer, devaluing their currency against the dollar and have a black market with speculators trashing their currency.
Thank you Michelle!! You always ask the right questions!! I treasure your videos!
You are so welcome!
She always try’s to frame conversations with leading questions. Getting old.
Yes but having Andy on shows your running out of people to interview.
@@jameskelly9243 Andy's last video got over 1.4 million views for Kitco. They would have him on again even if they had dozens of guests lined up. That said, Andy is all over the Web.
How does this not have a hundred millions views. Excellent information!
Movement in Africa most recently has gotten the West's attention in a big way. 🌐🧨
Yes
Very actively telling Western countries to stay out.
The west invading will go over like a lead balloon in today’s Geopolitics.
The only thing that has the west's attention is the LGBTQ community and TiKTok.
Yes, this will safe us from being turned into "freaks" I do noy think WEF will succeed with Africans
traps need fresh beats
@@OMENTTTUMthings have changed and they are changing
Two of my favorites: Michelle and Andy. I've bought silver from Andy's company, to my complete satisfaction! Intelligence, love it.
Michelle regarding your question that the Saudi Arabia still pricing oil in dollars. A currency performs three functions medium of exchange store of value and unit of accounting. The first thing that goes away is medium of exchange when others start using something else as medium of exchange. The second thing that will go away in a store of value because people will not store their savings in that currency. The last thing that will go away will be unit of accounting because people have to get used to measuring things in a different unit of accounting. As an example the world used to use imperial units of measures such as pounds and feet. It took some time for the world to move to the metric system. Same thing will happen with the US dollar. Just because it will only be used as unit of accounting doesn't mean that it will have the same value as it has now.
Excellent comment.
This issue is something the US has done to themselves. Our prodding Russia into a war in Ukraine was stupid. Putting sanctions on Russia for something the US does constantly was stupid. And Russia defeating our sanctions was foreseen and shows the world there is an alternative. Thanks DC
Russia and the US are both under the same leadership, the New World Order.
The end of the "American Empire" is coming - and sooner than anyone expected !
Let's be clear not US the overthrown US and its puppet POTUS Biden.
Sanctions gave PERMISSION to Russia to dedollarize. USA played itself.
The difference between cancel culture and budlighting is who needs who the most.
All this financial chaos is caused by the reserve and bankers... England 🏴
BRICS Summit in August 2023, definitely didn't invite the US, UK or France. French President Macron asked if they could attend the Summit and BRICS officials said, "no" to France. The BRICS ALLIANCE is changing the world, and it's a great thing. Countries are uniting and building strength amongst themselves.
BRICS is a fake joke. Look at each countries financials. No threat here. India might be the only one not collapsed by 2030.
Why for goodness would they want the blood sucking coloinal parasites to come into BRICS? ..we have had enough of these self imposed policman of the world and their bullying.. If they want to destroy BRICS in its infancy thats the way to do it.. The no1 rule must be no western countries allowed to join.. That would be suicide.. They will just take over BRICS and they will want to be incharge as usual.. The global south needs to get out of Western dominated organisations which are used against us..
Illusions!
Subscribed because this place allows guest to finish their speech!
This is a great way to shift that control of the fiat currency system to other hands. Look at history and the way the dollar has been weaponized over the past century. Hope the BRICS push through a gold backed currency as well as start trading in another currency.
Excellent conversation. Can't wait to listen to Part 2.
India and China agreeing on one currency is going to be difficult
India hasn’t been industrialized yet.
@@jefferywang2493 Well, you might be living under a rock to make that statement.
It’s all easy to do fr fr
BRICS will never work. None of these countries have anything to contribute.
You don't have to be best friends, friends or even good neighbors at all, if there's a 'perceived common enemy'; two enemies can come together to fight a common enemy' 😂
Poorest 3 billion people could easily buy all gold and silver. But .. they choose not to. They prefer Apple pfizer merck glaxo jnj bmw and nike products
The poorest 3 billion can't afford the brands just mentioned and buys cheaper versions plus most have a little bit of gold jewellery on hand to pawn when things go pear shaped
Love every bit of this interview and it is intriguing; how badly will a BRICS commodity damage the United States.
Badly.
@@domjohnson2579
Brics is a joke led by a country that stands zero chance of displacing the US,, the yuan is toilet paper, their banks are full of toxic loans,, every metric sucks,, there will be no return to the gold standard either,, a formula for immediate war. Russia is third class,, Brazil is second class economy and India has little in common with them and in fact hates China.. it’s hard to stop laughing at this nonsense
It wont we will just transition from fiat to a globally connected digital currency. Its actually will be great for innovation with the whole world
@@X-apollox-X Spoken by someone who truly knows nothing about how the world monetary system works. Everything will be just fine. Go to bed Johnny!
US IS A DEVIL.
Andy "Buy m’y high premium silver" Schectman
Very clear explanation on current situation!
I love how this woman explains geopolitics!
I love her too
Schectman Great analyst as always thank you
Thanks for watching!
@kitco thanks Michelle Makori,, I love you're chanel
Not. That is not the same..all trades had to be done using US dollars..This has nothing to do with conversion. Petro is undermining lower currency..makes it impossible for developing counties..it cost more for them.
Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I'm concerned that the rising inflation may lead my $420K in retirement funds to lose value. Where else could we put our cash?
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so far.
Salvatore fortunato Sofia is her name. You can look her up***
If other nations not going to accept USD to transact in trades n retails there will be the end terms
I too am a sock account trying to scam people by leaving dumbass fake comments about how some random broke ass dummy In a third world country could solve all my financial problems.
All assets are manipulated against USD to make an impression that USD is strong, almighty Dollar etc.
Amazing guest ! Great commentary!!!
Thanks Michelle. Another informative interview.
Glad you enjoyed it.
Michelle, the "big agenda" is to provide all countries in the world with "one common world monetary system where every country will be able to participate and trade their goods by using their own currencies backed by gold and other products". BRICS countries are presently, just helping show the new, modern way, in which countries will all be able to participate, trade, and grow by demonstrating their own strategies, capacities, and will to improve and grow ....!!!!!!
When there is peace around the world. Uncle Sam is worried.
If other countries move to trade in their own currencies i dont think the USD will have much to worry about. Its about consistency and reliability. There aren't to many countries with a track record to match.
Usd is the worse option though. USA image is built on Hollywood, guns and missiles. People are losing confidence in USA and it is no longer the super country that we can look at for support. USA is an antagonist nation that keeps other countries poor for their own self interest. Only Europe seems to be trapped in that trance😂. I think Europeans see Americans as fellow Europeans over the pond but the usa lost that identity along time.
The Roman Empire was one.
History repeats itself.
I agree 100% with Andy. His observation and analysis is spot on
There is no conspiracy “within” to replace the US dollar. A digital currency will do nothing for a country that doesn’t have the key natural resources for electric cars, semiconductor manufacturing, and general manufacturing.
Be more likely a falling fldollar would be better for exports... But then American people have to be willing to put up with those sheet jobs for sheet pay
@@DW-op7ly China only needs resources from BRCIS countries to make goods to sell to the west so if BRICS somehow damages the west and trade from China to the west falls then they no longer need BRICS
😂 I've got my popcorn and I purchased a discount front row seat to this precious metals movie! When the movie starts they will be selling standing room only😂.😂😂
I agree with Andy’s message to a point, but like most surgeons, they’ll nearly always recommend surgery….
I doubt there will create a BRICS gold back currency. However they may use gold to settle trade inbalances between members.
They can use commodities also you pay in oil we give you wheat rare minerals etc , cuts out the dollar 💵
@totallybonkers2447 Agreed. Many possibilities, considering the computing power at their disposal. One takeaway, prices will no longer be set in the west for commodities from the global south.
Yeah Brasil has been such an economic powerhouse over the years...right?
Its already in progress.
The funny thing is that BRICS is build on western people buying goods form China/India and that is why China and India buy resources from the other BRICS nations, the entire system depends on selling goods to the west, Yes so BRICS is a joke.
Excellent viewpoints!
Andy always great too hear you ⭐👍
Insightful and astonishing
Given a choice between u.s dollar and gold. Which would you choose to possess or use? Just asking.
Not sure BRICS need a common currency. But they will be gold/silver backed giving some unity to their different currencies.
Glad there is no spam on this comments page
the dollar is being used simply as an invoice item... the payments are in the countries currency...
Indeed and countries sell the Dollar to prop up their own currency which is negative for the USA as that weakens the Dollar so they are doing the USA a favor by no longer abusing the Dollar.
Great❤questions, great answers❤ Is there a transcript of this discussion? It’s a shame to just let thie information and ideas just go up in breath. You could even charge a little insignificant.
Bye bye US Dollar and Buy Chinese Yuan now!!!
It's about damn time.
Its easy to cause a avalanche in Dollar. A small country can do it. Just call on the international community to levy a 2% charge on foreign buyers paying with US Dollar. They can dedicate the money to aid people suffering from American instigated war. If Bric countries, China and Saudi join in the call. Dollar is done. The hegemon is done.
That’s a good idea which is why the US and NATO would Libya that country into the Stone Age
@samplechannel2fiyd5idjfufjfud the frog is already cooked and plated
Please end our world currency status. It hurts the average American too
Lol. wishes you might it’s not gonna happen in the next decade.
If any country would even try to do this, that country would be under new leadership within a week. Either that or the US military would find an excuse to visit.
I wonder if Andy owns any currencies from these countries, Brazil, Russia, China, India and South Africa… I don’t think so! Host should ask this important question.
Certain responsibilities come with a Reserve Currency...none of which the US understands. Logic dictates that other countries establish an alternative system. No Surprise Here. Thanks Michelle for another great interview.
It is time to get rid of fiat money
Nations trading in their own currency without US mediation is a good thing. We have to let the children go some time. The time is near. Stay diversified. Keep some cash on hand. The FED has implied that fire sales are coming. Most have never experienced interest on their saving. Bonds will become more attractive. This is a counter to the mass movement into PMs. I say 10 percent for the big guy. For protection. Write it off to insurance costs.
Children? it’s the caucasity and arrogance every paper money system has failed and will fail America isn’t special it’s worse it’s sodom it’s Babylon and world powers are thrown down all the time it’s time America is thrown down as well regardless if this ditch of the dollar is intentional or not it’s going to happen and cbdcs won’t save nothing when we are surrounded by enemies bullying the world
I don't understand why you have so less subscribers. You should have at least 1000 times more.
Awesome video. Could you please have Peter Zeihan on as a guest speaker? Thanks
You could have an AI watch all of Peter Zeihan’s videos and then have it as a guest and it would be every bit as informative as Zeihan himself.
@@terranceramirez4816zeihan makes fool out of gullible idiots
China is helping those countries to start a brand new economic system through building roads, bridges, railways, hospitals, airports, schools,etc while USA comes into lots of countries building military bases - multiple invasions after World War Two. Bid differences
Another great interview. Please keep up these great shows.
We are screwed
Going to subscribe because this interview was on point. Thank you!
On a side note, it feels like the US leaders are eventually going to try and sell the US to the highest bidder. Also, some are saying that Hawaii's fires were intentional to create a land grab for the super wealthy. I just don't know...Hawaii would be an ideal, out of reach safe haven for criminals/career politicians responsible for America's downfall.
As a Christian, I always teach my sons this; We were blessed to have been born in the US but this country is not heaven on earth. It was never going to be a utopia because humans are incapable of creating such a place.
I just thought we had more time to enjoy it. It's pretty gnarly to think that I'll be able to witness the downfall 1st hand.
Silver and Gold is the only way to go paper money and stocks are about to bust.
I will be wanting my social security check in brics currency. Being backed by gold it will be a lot better than the US dollar or USDC digital currency. And I want to be able to spend it at the grocery store!
Dont be silly this is a trading currency its not a national currancy. You are confusing things my friend
The lady feel hurts. She just can't let that supremacy of the green notes go😂
Don't worry. US will conquer the world with workeness.
There is no stopping wokeness. If you kids are not woke, your grandkids will be. It's just a matter of time. The only way to stop wokeness is with nuclear war.
I hope not lol
China is helping to push wokeness in the USA, to help destabilize our relations with most of the rest of the world.
Good one
Define woke?
Great discussion.
This will take decades.
Decades? Possibly, but the supply is going to hit astronomical proportions which means savings and dollar derivatives such as bonds will lose value exponentially. $32T in debt, shrinking real GDP, $1T in interest on the debt and $192T in unfunded liabilities.
@@nick-oi1xf You're not wrong. The USA are the best can kickers of all time though so they will print until they can't print no mo.
Great interview,,, well done Michelle !!!!
Thank you
They may not be as tight knitted as being portrayed but if they prosper together the bond will form.
USA going on the ash heap of history... thanks politicians....
they dont care they got there free healthcare for life and there fat offshore bank accounts
You mean Council of Foreign Relation?
Well the USA can just join 85% of the world's population
Russia will colonize Africa, it was late to the game of European powers dominating Africa now is their time to dominate.
He's a well-regarded regard.
There is not enough gold for that much credit and transaction, I think it's basket of commodities like Gold, Silver, Oil, Lithium, Uranium etc. but it has to be a physical tangible asset! The problem is that other assets are very volatile!
Then you have no futures market, makes no sense.
I like the Old Saying, “It’s Not Going To Happen Overnight, until it Happens Overnight”!
Michelle, you forgot to discuss how to protect ourselves from this. Gold hasn't been a very good inflation hedge in the last 10+ years.
Gold price is manipulated by the Fed, it is artificial.
Great for another expanded discussion
Gold is like insurance, if things are good it doesn't make sense to have any; if you need it you'll be thankful you planned for bad times.
EXCELLELLENT INTERVIEW MICHELLE, THANK YOU ANDY- EXCELLENT ANALYSIS!
WHy would anyone want a fake currency
Pension funds love it... So much
😂 it's all fake
@@mac6452 then stop using it simple
BRICS IS BRINGING PEACE & PROGRESS TO THE WORLD FREE FROM US ENSLAVEMENT. GOD BLESS BRICS+. 🙏🙏
Michelle is so Beautiful, thank you for another insightful interview.
The dollar keeps strengthening and gold and silver keep dropping, but I'll predict in October this all reverses and the economy tanks and gold and silver explode higher
people have been predicting this for many many years and have been wrong
@@stevestevens502 Until the prediction comes true. Just like 2008.
@@stevestevens502 I've never predicted this until now.
Expensive does not equal strength. inflation is a sign of weakness.
@@josepablolunasanchez1283 You didn't understand my point, which was that the US dollar greatly strengthened the past 3 weeks which is why gold and silver tanked the last 3 weeks. But like I said; I think this will reverse and maybe it will reverse much sooner than the October date that I was predicting.
If it works and you hold usd, then price of foreign produced stuff will go up as usd devalues. Most of US population can only afford foreign produced stuff since it's less expensive but will become harder to attain basic stuff that is affordable through foreign production. Most cars, tools, grain, fruit are produced/processed then imported into US.
Make American buy cars with BRICS currency. It would wake up the idiot in the White House.
this guy is everywhere! Silver down another 2 percent in spite of the imminent demise of the dollar. How about that?
He works hard picking the phone from millions of clients. Apart from doing youtubes 14,hrs a day
silver is a dead horse
Look at th the one year high
yeah that is a good point...the dollar is unbeatable no matter how much they talk about dedollarization..
In gold we trust
I'm very concerned as my retirement is paid in U.S.$$.. I don't live in the U.S. and am already feeling the dollar decline with the exchange rate where I'm at..
It will no doubt get worse.
Look at the rupee market for sure.
Buy some gold and hang onto that to preserve purchasing power.
A wonderful exposition. Thanks. Dr.Barnabas Mathew, Kerala. South India.
For the US to fight against BRICSS unity would only reinforce the rest of the world's desire to throw off American bullying, ironically.
They had enough
Great stuff, to stop the theft and bullying 👍✍️
it wont be a currency per say......more like a TOKEN OF VALUE.....not to hard to figure this one out....
American Universities are going to have to literally rip up their international financial curricula, completely: Students should drive this because they will not be competitive otherwise. The rules are changing.
will be interesting to watch this new currency be developed. A gold backed currency still requires trust, we've been there and the trust was broken. I like bitcoin as it is trustless and secure, but it will need to have a much larger market cap to handle 85% of the worlds trade.
Bitcoin is trustless???? You have to trust it's secure, you have to trust your bitcoin bank is sound, you have to trust someone can't make more, etc etc etc....Gold either is or isn't. Nothing to trust there.
I suggest a novel called The Mandibles, A very entertaining read about just such a (financial) post-apocalypse situation. Scary accurate ...
Same BS as always, buy gold end of the world is coming.
Imagine posting part 2 of an interview and not including a link to part one in the description
Brics should not make important currency decisions until after 4th September 2023 as Venus is currently retrograde in Leo.
The USA dollar will collapse during mid September 2023 through all of October 2023 due to the final transiting Pluto return conjunction to Pluto the USA Natal Chart - this Return of Pluto is a once in 300 year transit, so its both rare and very powerful.
I do think things will get interesting by Oct 2023. Perhaps a repeat of 1929.
Will this be when the Anti Christ makes himself known ?
Dont be silly the EURO is the same thing as BRICS a trading block and it only made the Dollar Stronger by increasing global trade volume
Jim Rickards has been wrong on multiple occasions. Its no surprise. When I first heard his name tied to that gossip, I knew he'd be wrong.
Ultimately, the Lord is in control of all this.
Aloha, very interesting, thanks for teaching those of us that are distracted.