Miles Franklin President and renowned precious metals analyst Andy Schectman believes the petrodollar system, which has so far sustained the dollar’s reserve asset status, is about to come crashing down. According to the relentless precious metals stacker, the relationship between the United States of America and Saudi Arabia helped establish the system and has sustained it for decades. And that same relationship is going to be the end of a system which has supported the US economy for over fifty years. During a recent interview with Bix Weir, Andy reacts to Jim Rickards’ recent declaration that the US dollar’s status as the world reserve currency and medium of exchange will formally collapse on August 22, when the BRICS alliance announces its gold-backed currency. Andy explains that he holds the same belief that the alliance will facilitate an end to the dollar’s status. The only difference is that, unlike Jim, Andy does not have a specific date for that happening. Despite the recent announcement tha
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