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Investing News Network - Andy Schectman: How to Win When the Dollar's Hegemony Ends

February 15, 2024
Dollar Crash, Buy Gold

Article by Charlotte McLeod in Investing News Network

Andy Schectman, president of Miles Franklin, spoke to the Investing News Network about the continuing de-dollarization trend, which he sees as being led by the weaponization of the US dollar and efforts to go green.

"The rallying cry that's pulling all of this together is the weaponization of the dollar, and I would also argue the fact that we signed an executive order to go green ... we have in essence told the Saudi kingdom and OPEC, who gives us the dollar hegemony by pricing oil in dollars, that we're going to go green pretty soon, and if you're on the wrong side of us we're going to sanction your funds," he said at the Vancouver Resource Investment Conference (VRIC).

Explaining the concept of logarithmic decay, Schectman said he believes diverse forces are chipping away at the US dollar's dominance. Its decline will happen ......

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