Dollar In Terminal Decline; The "Experts" Are Failing Us | Andy Schectman
Dollar In Terminal Decline; The "Experts" Are Failing Us | Andy Schectman
Liberty and Finance: 5-7-2024
Inflation is not going away, says Andy Schectman of Miles Franklin Precious Metals. He argues "this pipe dream of a soft landing and lowering rates is off the table."
The US dollar is in "terminal decline." While the US weaponizes its currency, other countries are slowly joining forces with one another and decreasing their dependence on the US.
The only way to fund the US's massive deficits will be to print currency as many nations stop buying Treasuries, he forecasts.
INTERVIEW TIMELINE:
0:00 Intro
1:20 Cryptocurrency convention
3:05 Preservation vs speculation
8:00 Jared Bernstein's interview
13:44 The decline of the America