The Jay Martin Show Dedollarization: The Truth About Venezuela
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Jan 17, 2026 
Andy Schectman, founder and CEO of Miles Franklin and expert in precious metals, joins to explore the impact of U.S. geopolitical actions on dollar dominance. They discuss the ramifications of recent interventions in Venezuela and how it relates to the broader BRICS de-dollarization movement. The conversation covers how military power impacts monetary trust, and the concept of 'detreasurization' as central banks pivot to gold. Andy emphasizes the significance of gold and silver in today's market and the need for a stable currency to revive U.S. manufacturing.
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Geopolitics Drives De‑Dollarization
- U.S. forceful actions abroad accelerate other countries' push to de‑dollarize and join alternatives like BRICS.
- Andy Schectman warns geopolitical coercion undermines trust in the dollar and Treasury holdings.
Oil Denominated In Dollars Is Strategic
- Venezuela's oil and threats to sell oil outside the dollar acted as a strategic trigger in global currency politics.
- Andy sees capture of Maduro as a symbolic warning to other resource producers about departing the dollar system.
Confiscation Sparked De‑Treasurization
- Confiscation of foreign treasuries (e.g., Russia) acted as a watershed, pushing central banks to buy gold instead.
- Andy calls this shift 'de‑treasurization' as reserves move from Treasuries to commodities.
