Is Next Phase of Global Monetary Reset Coming in October? What It Means for US Dollar

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Jon Forrest Little, Founder and Director of Content at Silver Academy, who breaks down the history of global reserve currency cycles. Little weighs in on the accelerating de-dollarization trend and warns that the next phase of the global monetary reset is fast approaching. He explains what to expect at the BRICS Plus annual summit taking place in Kazan, Russia, on October 22-24. Little also shares his insights on the gold-backed currency, known as the Unit, which the BRICS is reportedly said to announce at the summit. He also explains the role of Project mBridge – the multi-CBDC global payment platform. Little explores the likely U.S. pushback to the de-dollarization trend, the future of global reserve currencies, and the role gold plays.

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#dollar #BRICS #de-dollarization #currency

00:00 Coming Up
00:56 Introduction: BRICS Plus Update
04:33 Historical Cycles: Currency Resets
09:27 The US Dollar's Dominance and Challenges
17:35 Central Banks' Gold Rush
22:22 BRICS' Gold-Backed Unit Currency
35:33 Project MBridge and BRICS Currency
37:43 Gold’s Role
41:03 Saudi Arabia and Why Its Role Is Important
44:35 US Pushback Against De-dollarization
50:44 Potential Gold Standard Revival
59:14 Future of Global Reserve Currencies
01:02:11 Gold Price Forecast

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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

[WilsyAdams]

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[douglaseuritt]

The point of no return was the seizure of Russian assets after the Ukrainian SMO. When you control the world’s reserve currency you have certain responsibilities that transcend your own desires.

[JorgeRodriguez-iqvb]

Michelle, you are not only the best interviewer I've ever seen, but the way you learn as you go is mesmerizing. BTW, I think this is the most intelligent person you have interviewed, Jon Forrest Little. Great piece.

[John-olvk]

GO BRIC's!!! No to Sanctions!! No to Central Banks ILLEGALLY confiscating other Countries Assets!! No to further Bullying & Threats!!!

[fortnight-wy]

The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market

[mandyyonge]

The economy has faced challenges due to uncertainties, housing issues, foreclosures, global fluctuations, and the lingering effects of the pandemic, leading to instability. Rising inflation, slow growth, and trade disruptions have demanded immediate action across sectors to restore stability and promote economic recovery.

As discussions grow around the possibility of a new phase in the global monetary reset potentially arriving in October, many are questioning its impact on the U.S. dollar. A shift of this magnitude could reshape international trade and financial markets, influencing the dollar's role as the world's reserve currency.

[istoriaministries]

This is one of the top interviews on all social media for 2024. Precise content, easy-to-understand logic and language, and a humble presenter. Well done, Michelle.

[michaeldelsesto]

"Don't underestimate Joe's ability to fuck things up" - Barack Hussein Obama

[urkodehoyos]

October 2030 😂 we still have 6 years of printing 😂

[jtcouch]

Bretton Woods had to morph into the "Petro-Dollar" era. That era is in severe transition as we speak. Such transitions have often resulted in wars. However, the people of the world no longer support war as a mode of conflict resolution. Hence, there is a new plan playing out at the highest levels. The tip off is the BIS Projects of late, which are global in structure. Project mBridge is a revealing example.

[somejohndoe]

The 35T USD debt is just the US debt, global debt is around 315T USD. Not sure why Jon uses 35T for the gold price estimate. 🤔

[tonylopetrone]

Great interview, hope you have him on again.

[mariondaniels]

The BRICS are not developing a common currency, like the Euro, rather they are creating a common trade mechanism, backed by gold.

[ecopsych]

Countries ALWAYS wanted to use their own currencies….its just that no one else wanted them! And if they dont want US dollars either, we are in a bit of a pickle

[samgomolka]

These gold notes have an insane Premium and are a bad investment. Just buy grams of gold.

[AlasdairILoveOxford]

Great to see someone interviewed, rationalising why on earth would all the other nations on this Earth not want to escape the bullying and moral indignations war crimes and meddling of USA hegemony.

[coleridgecris]

Michelle - another excellent show !! If the media landscape in Western countries was populated by people of your intellectual calibre & integrity instead of letting their political leanings colour everything they do, the world may not be in as bad a situation that it currently is.

[RoseBalerus]

As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.

[raymond-iv]

Man, these Fed rate cuts are really starting to mess with everything. I mean, sure, they were supposed to help, but now I’m feeling the pinch everywhere. My savings account is basically giving me nothing, and the stock market’s all over the place.

[RCR-fd]

The gold held in Fort Knox is estimated to be worth around $383 billion as of recent estimates! Nation debt 35 trillion! Do the math people!