BRICS Announces 2025 Plans! What Happens to US Dollar Now?
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- Опубліковано 30 вер 2024
- BRICS will hold its annual President's Meeting in Russia and it will specifically target the future of the US Dollar. This meeting is important as BRICS will officially announce its plan for launching a new trading network that will not use the US dollar but instead use a basket of local currency. This new trading network could potentially be backed by gold and also use blockchain technology. Let's break down all the updates on BRICS and the future of the US dollar in today's video!
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We already have too much investment money chasing too few investments domestically causing asset bubbles in almost every asset class. In other words, the excess money in the domestic money supply is going into the asset markets and not creating inflationary pressure that it would if it flowed directly into the domestic economy. The benefit of being the world currency is that excess dollars also flow out of the domestic money supply and into the world supply of dollars which is domestically deflationary. The BRICS story is all about restricting the flow of excess dollars out of the domestic money supply by reducing demand for dollars outside the USA until the direction reverses. When the flow of dollars starts coming back into the domestic money supply the question becomes where will it go? The asset classes are already overvalued. Two avenues of deflationary flow will be cut off simultaneously. The question then becomes how fast and efficiently can the FED remove dollars from the domestic money supply to avoid the inflationary pressures caused from a new source of dollars re-entering the domestic supply from overseas? I don't think the FED has the tools to monitor or handle this condition efficiently or in a timely manner which will lead to higher and more frequent inflation going forward.
Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” How rapidly will already printed money currently off shore return to the domestic money supply? Faster than output? Time will tell.
This is what happens when you weaponise the dollar and become a bully supporting genocide.
So the BRICS trying to destroy the dollar isn't weaponizing their economies at all. Also China, Brazil, and South Africa are kind of genocidy. Trust if the '' Genocide '' was the other way you would be silent.
US policy hasnt changed same Vietnam war.
@@ViceCoinbeen that way since its inception. Nothing new.
The only reason Saudi Arabia needs protection from the US is because of the US since the US is the one that is causing all of the wars in the world, especially in the Middle East where Saudi Arabia is located! But once China and Russia can protect other countries from the US’s bullying and invasions Saudi Arabia has no need for the US’s “protection” since the threats posed by the US on Saudi Arabia would be neutralized by China and Russia; therefore, there is no way Saudi Arabia would ever play this game that was set up by the US again, which means Saudi Arabia would refuse to accept the US’s worthless currency for trades, which means it would be the end of the US dollar as the global currency and hegemon, which means no more free lunches for the US empire, which means it would be the death of the wicked empire, but that could be good news for the American people since once all of those things happen they could kick out those shady neocon politicians out of office and replace them with government officials that actually care for them and would actually work for them instead of working only for the rich billionaires! Maybe then the American people would finally get the revolution that they have been longing for for a very long time!
Yes that's why we must support Putin instead
You know if our government played fairly and weren’t international bullies we wouldn’t probably be experiencing our world falling apart right now. Greed is the enemy.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Stephanie Janis Stiefel. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
How do i reach her guys, if you don't mind me asking?
Stephanie Janis Stiefel hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I'm stoked because I'm heading into retirement with almost a million bucks in my portfolio.
her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
US wanted to make a fool out of Russia and China. But instead, the US made a fool of itself. Let that be a lesson.
Russia and China gave USA a heavy rock, and USA looked at the rock and its foot.
They are too arrogant to learn... That's has been the road map to their own downfalls.
China have history of more than 6000yrs old. Detailed-records of every war... Every win & every lost... Every strategy that man can come up with...
No one can beat them.
It’s economic warfare, major powers have done it throughout history.
USA got backfired for not letting china access to its technology 😂
The lesson is to quit electing fools. Too late now I'm afraid.
Anything to destroy the dollar, I'm in!
I second that
@@ijatpingrhybI third that
I like the fact that to join brics, the country cannot santion another country, SO, NO BULLIES ALLOWED.😊
Love that too!
Animal Farm
Good
@@hendsemDollar farm....🤣
That would be a great rule and 100% I think this will be a requirement to join
The US Dollar is like the cartoon where Coyote chasing Road Runner off a cliff. Coyote continues running through the empty air until he realizes that there's no more ground beneath him, before "gravity" catches up to him and he starts falling.
Good one 😂
Well said
🤣🤣🤣
You mean the ponzi scheme
I look forward to your content Cyrus
I appreciate that!
I'm glad you're educating the West about China. Keep up the good work! 👍
But how likely is an already brainwashed population in the West able to learn the truth of China?
Please remember that a countries, people and a country’s government are different. As an American, I can’t wait for our country to stop being the empire. Many of us Americans are on your side, the human race side.
Thank you for the support!
@@theobserver9131we needed to hear that thank you
I'd choose someone who can build a hospital in a week over a weapon's manufacturer by SHR
That was President Traore in Burkina Faso. What he's done since taking power is phenomenal; his first program was to work on his country's infrastructure, building hospitals, giving farmers new farm equipment, etc. Look him up.
I witness China building a new town for 80,000 residents in less than a month on an open field with full instructure included.😮😊
It's like darkness and light. One builds, the other destroys. No wonder the Ayatollah calls America The Great Satan.
100% give me tangible results that make a difference in people's lives
With a massive 35 trillion debt everything in the u s is collapsing. Holding on to the dollar and bond is a death trap. Forever printing money will expedite its demise
Amazing. The EU doesn't want NATO member Turkey but it will fast-track Ukraine. WTH?
And Nato could end up losing Turkey.😮
The difference is Vassal Vs Sovereign
Insane, and the worst part is Ukraine isn't even eligible for NATO membership as its too corrupt
@@CyrusJanssen Seems like the goal for the west is to conform to Ukraine's modality of governance..
F around and find out, the eu f’d around with turkey and now turkey is moving on.
Gold has been disrespected for decades...the real money beast is now awakening
SO True.
100% agree
_Doesn't matter to us, Kamala will still laughing out loudly as usual, channel tons of taxpayers $ to Ukraine & isZreel ( Trump probably too)_
People who think Trump is their man, Kamala has zero credibility, are delusional. He represents the same 1% of the very rich Kamala represents. At any rate, the President is not the leader of the country. He is representing a certain group whose interests it protects. Obama, Clinton, W. Bush, the same thing. They were there for the speeches. The decisions were made behind closed doors by unelected entities.
No difference. From the old soldier to the old soldier....At the end is senility....🤣
she is like 'Comical Ali', Iraqi information ministry, who with a distorted smile tried to deny the bombing of Iraq. A laughing hyena
Trump won’t do it.., Trump gave a speech about what BRICS is doing years ago… it’s about to go down and Trump is in on it
Kamala doesn't laugh.. she is referred to as cackling kamala for a reason
Goooodbye dollar and Hellooo BRICS .
Hello brics or dictators?????😂😂
China, russia, nothing but stellar democracy😂😂😂
@@unknownhuman5507 how many wars, china started ? In the last decade ? two decades ? or maybe tree decades ? America calls a country democratic if it severs their interests, if not it's not democracy. Even if they commit crimes like Israel it is steel democracy.
Brics game changer....brics pay amazing...brics commodities will really finish dollar...but it's really a shift in payment and trade
I'm more interested in the BRICS conference in Kazan next month. This represents the future of the world that we should all want to see. The American 🤡 Show should take a back seat as whoever is voted in will do their best to hinder the Multipolar World & resuscitate American Hegemony.
As long as they, the Hegemon, and its allies don't interrupt it with escalations in the middle East and Russia.
True. The US election is all for show, to make people think they have 'democrazy'. Nothing will change, no matter who is 'voted' in. On the other hand, real changes occur with BRICS+, and these changes are for the better.
@@bullishwhizz422Can China raise peacefully? I doubt USA will demolish without a fight,this shit is sad.
@@parkforest434 Good question. Empires never go down easily, so expect more escalation. However, the multi-nodal world is here, and unstoppable in my opinion.
@@bullishwhizz422 USA is the only empire to go Nuclear,USA wild card going nuclear again increases as the dollar becomes devalued , BRICS can thrive economically before World War 3.
However, No country can beat USA militarily,BRICS economy plan is USA achilles heel.
Harris is empty. (Cat-Soup) Friendly.
Downfall of the west
The irony is it's self-inflicted. The US need not steal Russian reserves, but couldn't help itself. This was the final straw for the world.
@khalidanegum. My post saying the downfall was self-inflicted was swiftly censored by the guardians of free speech. Parhetic.
@khalidabegum100, not fast enough
As for the EU, we deserved it. The apathy and greed of the general public has steadily increased since the 1990s, and our governments are filled with spineless opportunists. It is unsustainable.
Yes
I'm Muslim and I love China 😊
Thank you Cyrus. Well done. Best wishes 🖖🏼
Eagerly waiting for BRICS Summit in October 22 to 25.
Huge number of countries are joining BRICS in this summit. More than 35 countries have applied to joined BRICS....
Hairline looking good brother.
Great Brics updates, keep em coming❤
Say YES to BRICS and NO to NATO.
NATO is a gang of colonial criminals.
Yes indeed 🤝
Exactly. BRICS is about economic cooperation, while the EU has become politically oppressive and undemocratic, and NATO has been obsolete since 1991.
NATO IS A FAILED MONEY WASTING ILLUSION......... REFORM IS NEEDED
NOTO
Let’s rock
I can’t wait to live in a country that is just a country, not an empire.
Give it 5yrs and the USA will be just a country. Bankrupt, but a country.
BRICS+ is a golden opportunity to unite. Building a better world, one brick at a time.
Are brics independent, or is it just part of the reset ?
As long as BRICS+ are independent from the US it's okay!
BRICS+ is independent of the USA.
@@gabionwall4601 as far as i can understand every brics member doesnt have too much influence on eachother like US on its european allies. So this is more "democratic" in my eyes. "Equal" partnership.
I don’t trust BRICS, but I do trust gold bricks
It’s way overdue. How a country that prides itself on freedom could become the greatest threat to peace, liberty and the pursuit of happiness the world over, is beyond me. The world has bent over backward long enough to keep American oligarchs fat and happy, coming to the realization however, that this is beyond rapaciousness. It is a deep sickness which nothing can cure but isolation.
There should not be any primary global currency.
It's set up so they don't have to pay the USA exchange but most important it makes it easier to trade between currencies and countries. Also the BRICKS is backed by gold.
@@carlaburgers3088 Having the USD as a global currency only serves the USA to the detriment of every other nation.
Bravo BRICKS , the World needs you. It is time for change!!!!
The fact that the EU is willing to fast track Ukraine's membership and ignoring the requirements and conditions is a slap in the face of Turkiye who is far more qualified and have been trying to join for the past 20 years.
The whole thing about Nato is to keep Russia out. Turkey is a Muslim country and Europe will never accept them into the EU.
It is not 20 years but since 1987. Few years after CJ was born.
This elderly lady from Australia says down with the dollar and down with the USA…..
But you are a 5 eyes member loyal to the commonwealth .
The west needs leaders that can find a way to coexits and develop together. Get out of this narrow, zero sum thinking.
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future...
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Raise your hand if you enjoy watching Chinese mainstream media.
MSM, no matter the country, is for sheep!
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
You're correct!! I make a lot of money without relying on the government.
Investing in stocks and digital currencies is beneficial at this moment.
Brookings institute considers chinese currency, a 4000 year civilization, as "non traditional", but considers the USD which is a country not even 250 years old as traditional 😂 the eurocentrism is off the charts 😂
The world should dump the US$ which is a sheet of worthless paper backs by nothing but debts. Without the US$ as the reserved currency, the world is more harmonious and peaceful
my daily dose
Camel or a Hump for Prez? Makes no difference.
Always enjoy your videos Cyrus. I don’t believe the tension started with Trump, though he certainly escalated it. The Obama/Clinton pivot to Asia would have been the first sign of things to come.
BRICS lo mejor para el Sur Global.
Jansen, Your set of hair looks great. 👍
Can’t wait for a fair world
It's a power struggle. Fair has nothing to do with it.
The USA could have been made as kings if they acted responsibly fair and just around the world. Acceleration of the dollarization is self-inflicted and well deserved a Sunday argue it's like picking up a large stone dropping on one's own feet
Great report by Cyrus
What does it matter which party is in government anywhere when no politician or government actually runs the country. The City of London runs the world including USA.
Thanks for the forecast! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Could you explain how to move them to Binance?
Expect a false flag event before the Brics meet next month
This is why US INC is desperate for ww3
The US has an aging population that got soft on the reserved currency. The rest of the world has a lot of business it has to be getting on with and it no longer has time for the dollar. Using military might to blackmail weaker countries to continue pandering to the US is not much of a solution. If generates no love. So what can the US do to become relevant again? It could return to conservative values and conservative economics. I don`t mean just pretend conservatism but real conservatism. Then be stoic and endure for as long as it takes. Two generations would be the sort of duration needed to heal a lot of the damage.
Can’t wait to see who the next set of countries are to join
I really hope the dollar will be just worthless green paper soon.
BOT 32
Thank You For This Information 💚💚💚💚🦅🦅🦅🦅
China is issuing Yuan bills with duplicate serial numbers. Why ? It's just paper, with little or no value.
There is indeed "no forever", especially if one is too abusive and proud!!! Goodbye USA and west!!!
I cannot unsee cinnamonroll LOL
Your emphasis ot 2 be "how the world is returning to stable and equitable economic/financial activity".
Note: whatever form ( if/when there is a world economic/financial system ) it takes; there will not be a hegemonic imperialist in charge. I welcome that!
Full support for de-dollarization. All freedom lovers should welcome that, and oppose the US and dollar.
Okay McFly. We agree with you.
Господа американцы и европейцы ! Мир стремительно меняеться и ваше многовековое господство, уходит в историю ! Вам остаёться лишь одно - оставить ваши многовековые привычки, быть над всеми и подстраиваться под новую рнальность, иначе вас сметут как государственные образования ! Это не угроха , это лишь трезвый совет вам, если хотите выжить !
Lowering the canadian interest rate and weakening nof the US dolalr may help Canada to get the Stanley Cup, enfin:)
Crapto is FIAT
You failed to disclose if you own this company and since you are recommending it you will be sued.
America is no longer what it was 20 years ago economically. But as long as people still use the internet and use Microsoft and Google services, America still has power. It is difficult for businesses to eliminate Microsoft and Google because they cannot afford it. When it comes to BRICS, India is a big question, i don't trust India.
India dose'nt trust you either
The current top IT brand in the world is said to be Lenovo. There is a trend towards moving over to Linux OS. When China comes up with its own OS, it will be checkmate for the west. Android and iPhones are now doomed. Microsoft and Google may eventually follow suit.
@@istudios225 Yea!! Chinasoft!! I can't wait for that attached social credit score app.
@@istudios225 difficult
@@thiago5372 Nothing is easy. BRICS took 15 years to come to fruition but now they have surpassed the west in many areas. We will see.
0:52 US needs to keep printing USD and needs to keep increasing the value of USD against other currencies .
this weird scheme is working fine so far , but it wont last long .
sooner or later the whole world will be flooded & bloated with USD and that's when they throw up USD .
and that's the end of USD & USA
Not the end of the USA. We WILL adapt, adjust and conquer our problems. Need to get criminals out of our government first.
There is another option for paying back debt denominated in US dollars. Hyperinflation. Worked in Germany after WW1.
It only postponed the death of an economy and it led to the militarization of pre-WW2 Germany.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Could you possibly recommend a CFA you've consulted with?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
India will never support petro-yuan 😂
Say hello to my little BRICKS !
Damn the sound is bad...
Stop using the USD for all purposes. BRICS should reduce trade outside of BRICS nations and stop using Western financial systems.
😂😅 America is a joke
Tuned in to hear more about BRICS, but half of the video is Cyrus shilling "alternative" investments. I'm outta here, -1 sub.
As of July 2024, China owned $776.5 billion in Treasuries, roughly 10.3% of the U.S. national debt. U.S. debt to China comes mainly in the form of U.S. Treasury securities (bonds issued by the federal government). Although there are worries about China selling off U.S. debt, which would hamper economic growth, doing so in large amounts poses risks for China as well, making it unlikely to happen.
You must be a liberal because Trump can fix it !!! United States has tons of land tons of oil tons of everything they could definitely pay off the deck they wanted to just know politicians ever do that’s why we need Donald Trump !!!! Term limits get rid of career politicians !!!
and i am taking decision to not accept USD anymore and trading and doing business with oue own Local Currency
Can't wait for BRICS summit in October. I've been counting the days for it since December! A lot of surprises are expected in this summit based on the huge number of positive rumors about it. I hope my country, Iraq, joins up! Thank you, Cyrus, for showing awareness to everyone, especially to people in the West. West governments are negatively affecting the quality of the West people lives by using the U.S dollar as a weapon and igniting wars everywhere and wasting billions of dollars on weapons instead of sustainable development. I saw how difficult the lives of the people in the West that they have to work at least 40 hours a week to afford bills and have to call a bunch of friends to rent a house and live together!
How does a debt-based system that has been fecklessly managed slowly self-implode? OMG, we're living it right now.
China was excluded from the "International" Space Station.
They made their own space stations.
USA gov. Tax collection 5 trn spending 8 = deficit 3. Roll overseas on debt 6 trn in 2025. New bonds of 9 trn must be sold. China, Japan not buying new bonds and take cash on roll overs. WHO will buy 9 trn bonds? The FED must start QE and buy bonds. The last 2.5 years FEDs balance sheet has decreased from 9 trn to 7 trn. I see no alternative, the FED must start QE and buy bonds. And with rate cuts it will be even harder to sell bonds. And maybe China and BRICS+ will start selling US treasuries on the second hand market creating competition to FED among buyers?
Dr Alan Thompson is an Australian AI researcher who’s being interviewed in this video about this latest model that’s so advanced its limits can’t even be tested since it aces the hardest test questions in pretty much all areas. He says it can think, reason and has increased self-awareness. Hopefully AI will save our sinking ship.
“Interview about AI - Dr Alan Thompson on OpenAI’s New o1 Model Is a Really Big Deal.”
Dr Alan Thompson. Sept 28, 2024. (48 min)
Look into HBAR 👈🏻👈🏻AKA Hashgraph technology . Also look into Hedera council 🤯🤯Then look into project new dawn .
More and more channels are playing "music" in the background. Is this to combat Googles algorithm, or some other reason? (P.S. It's ANNOYING.)
Everything is. Tied to the USD. Brics will create the opposite that they intended. lol play stupid games. Win stupid prizes.
US WH and CH are like coconut trees.
1. In the beginning it grows straight.
2. Then it starts to sway left right and spin round.
3. Soon it begin to bend over underneath and over anything.
4. Finally it grown nuts and more nuts all over.
Warren Buffet has often said that gold is a non-productive asset. That may be true but it isn't the value of gold that is rising, but the value of fiat currencies led by the USD that are falling in value. It's a question of time whether the reckless deficit spending will eventually catch up with them.
We should trade in digital currencies or gold it's better than USD CNY because nobody get the profit from your trading
The reserve currency is private and international. It has just two charter directives, to windfall creditors at borrowers' expense by always leaning towards deflation under the sophistry of "fighting inflation" (which it isn't because almost never does the general price level rise because households/consumers have too much money and bid up prices, which has been the underlying stinking lie of Powell. (Raising interest actually has forced businesses to raise prices due to MONEY DEFLATION.) In addition to this crooked goal of money deflation behind the fraud mask of fighting price inflation, the second charter directive of the Fed is to "fight unemployment" but the banker oligarchs read this as keeping wages (working class incomes) low relative to income to household living standards, so people look for second jobs and refinance their homes over and over to "restructure debt" even as immigrants pour in to maintain the oligarchs' always-desired buyers' market for labour.
Even though i think BRICS will someday overtake g7 and the stagnation with the US dollar. In order to acheive that goal each country has to solve its inner problems, china has to start fixing its economy instead of relying on the real estate as it hinders its economy as well as distortive economic policies, russia still has the ukraine war going on, india has a masive poverty problem and unemployment rate, brazil’s complex tax system and excessive regulations etc.
Actually i didnt think the moment for making this "common AHA" and officially accepted version of the picture had come. Well - okay, so its time. Now we are all "in it together" in every way. "Lets ride this together!" is what is left for all of us and all-of-this.
We are commodities traders. Everyday we write contracts for trade with countries all over the world in US$.
多道者多助，失道这寡助。 best blessings to a oneness world where peace progress prosperity salvation of self and mankind prevail. Amen om mani Padme hung
Zelensky had predicted that Trump will win, hence, he had made plans to visit Trump.
Japan also dumping US bonds
Dude, c’mon! Your channel has become marketing TV. 😢
I still do not understand why USA with most smart people in the world just must vote the average candidates of two who are unfavorable by own people and the world.
Hi Cyrus. Love your contents. I honestly think you need to upgrade better mic system for better quality
So moral of the story is Western countries were sanctioning themselves till now not other countries😂
Vote Trump drill baby drill it's the key that starts every thing