May 19, 2023
“This is a trend that is just beginning. It almost as if the Fed wants this to happen,” says Andy Schectman, president and CEO of Miles Franklin Precious Metals. He believes that the Fed wants all the money to leave regional banks because, “they could just disallow the ability for the money market to park their money inside the overnight repo market.” He explains that when President Joe Biden nominated Jared Bernstein, who previously supported de-dollarization, it made the role of the U.S. dollar as world reserve currency vulnerable. Plus, he argues that instead of tackling the massive debt issue, the U.S. tends to find an unrelated “villain” to blame. “It’s almost as if you’re looking for a villain such as Putin, Xi Jinping, OPEC, and all the countries moving away from the dollar,” he exclaims. “But you have to give them reason to de-dollarize, to move away from the system because how do you pay this off? There’s no way out of this mess. It’s either inflation or default,” he concludes.
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2022 Dinar Chronicles