Is the dollar era nearing an end? | This World
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- Опубліковано 2 чер 2023
- De-dollarisation is trending across the globe. World over, countries are dumping the U.S. Dollar as a currency to engage in trade related transactions. What does this mean? Why is this happening?
Listen in to Vikram Chandra.
#dedollarization #us #WION
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BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Christine Jane Mclean, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.
@@duane_29 How can i reach her, because I’m seeking for a more effective investment approach on my saving.
@@HarrietBemish Christine Jane Mclean maintains an online presence that can be easily found through a simple search of her name on the internet.
@@duane_29 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
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The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
@@Harperrr.99 true, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@tonicruger Can you leave in details about your investment advisor here? I’m in dire need for one.
@@Mcllwain My advisor is NICOLE DESIREE SIMON, 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.
@@tonicruger After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will replies.
Vikram is a legend for all 90s early 2000s news cable tvs grown ages. A man struggles whole life to feed his wife n kids. Vikram man keep up the news job
Sorry, Rajeev but your going see they are just blowing smoke at you. They told you that Russia was going to crush the Ukrainians. And even you can see Russia is falling apart.
Hes a millionaire….unlike u
No, the dollar is not nearing its end. But this is the beginning of the widespread international distrust of the US dollar as a reliable currency.
60-70% of global foreign exchange reserves are held in US dollars, so they will have an uphill battle on their hands.
They move away from dollar and go to Euro or other Western currencies lol
Your id chong made me think u r chinese lol; Anyway come to trust whether u agree or disagree no one trust any other currencies other than dollar; Why, its easy; You can have anger whatever against usa its personal, business doesn't go with personal issues; Brics trics everything will fail without any doubt; Why simple answer You can't change the authoritarian countries mind set; Russia and China mind set to stop usa dominance incase of brics. But not other countries thought that way; So basically intention of brics is not based on one solid reason; Now come next couple of years; Like russia, china is a country who will disturb and poke neighbors; At some point china will attack India, No doubt about that; its simple equation also; Only India has capacity to challenge china economically and china knows very well; Second no one will come to help India incase of chinese attack.; So they will try at first this way and later other way; China is back stabber whether India realize, admit or not its total different. China will never do full scale invasion of India, they will what they are looking to take from India. just wait for that. many countries on currently on false assumption; try to learn what's the difference between delusion and illusion . glty
@@solmak47and the US will still be in control anyways lmao how silly
No it not and let face it no one going use the currency unless your a state run bank that it.
Dismantle NATO Dismantle EU Dismantle WEF
Crimea river
Guessing people refer to you as a conspiracy theorist.
@@chrisgrossedout6914 and I am proud of
Commodity exchanges must be decentralized and not quoted in USD
Do you think BRICS will tumble DOLLAR? Goodluck😂
Thanks ..takes time for low IQ guys to understand 🤣 ..
You have been a great anchor in other channels earlier. Wonderful explanation. Well articulated and precise information. Happy Sunday evening to you.
First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
true, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $450k so far.
@@lowcostfresh2266 I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
@@TomD226 Having a counselor is essential for portfolio diversification. My advisor is Laurel Dell Sroufe who is easily searchable and has extensive knowledge of the financial markets.
@@TomD226 Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
Great to see Vikram on WION 👌👌👍👍
I want to say it in a different way. It is actually not the end of legacy of US Dollar, rather it is the end of monopoly use of US Dollar in the field of global trade and business. I should say, this monopoly must end. I think, a new currency may be introduced under the supervision of United Nations which will be used as the only currency for international trade and business. If it is done, then US Dollar, Euro and other influential currencies will not be able to cause influence over currencies of poor countries.
This time you nailed it the right way, vikram. Did some research and explained technical jargon to the viewers. Long overdue. Viewership might spike up
Now. Maintain this tempo.
Stock market is madly high !!
Recession fear has gone away !!
That could mean the market and or the dollar are over valued.
Never!
you sound like zelensky saying bakhmut will not fall😂
@@jadenjaden1180 there is no alternative. Well there is Euro. 😊
@@solmak47 it's about avoiding ur sanctions but the euro as well has been weaponized against Russia so it is not an alternative neutral currency ,uncle Sam can order the euro as a weapon as well
@@jadenjaden1180 we do not take orders from USA. Many times we didn’t follow. Ukraine applied to join EU. They are our family. They are our business.
@@solmak47 you always follow the US ,in wars and in sanctions because to you they are your family, they are your business and your euro is the same as the dollar. you might not weaponise it now but you may in the near future so it cannot be an alternative ,because it cannot be trusted.
De dollarization seem far off but when countries sit down and think hard they will come up with the solution very soon
Russia with stranded $147b worth of Indian rupee, Russia with billions of Renminbi that China don’t want to take back….good luck to these BRICS countries.
Not to worry ..Brics nations will take care of it ..just wait and see😊
@@adityareddyk hold your breath 😂😂
Who cares when you printing weaponised fiat vapor from thinair anyways...it's not like print till it's toilet paper
You for got. Gold oil gas minerals Real money trade
@@akash2604 rofl, That stupid bitcoin is traded in Dollars. First Rupee to Dollar to Bitcoin. Bitcoin value isn't going to increase bcos of no real high volume transactions in BTC, no more new users and INDIA banned Bitcoin
Great balanced commentary, well done 👍
The U.S. dollar can only be replaced by first something that has a store of value, second is divisible., third is fungible and fourth a medium of exchange. Gold cannot be created by decree like the U.S. dollar can. Gold has a store of value and can
be a globally acceptable benchmark to measure global wealth against. The U.S. dollar, at present, is constantly changing in
value compared to other currencies, which is like trying to build a house with an elastic ruler. The benchmark is always
changing in value. There is no price discovery possible for valuation of anything., because the medium of exchange is always
a different value every minute of the day or night around the world.
In the first place USA dollars is fiat currency backed by nothing.
Since the faith is lost. It can be easily replaced just by RUPEE 😂. you will see if FED increases some more interest rates.
@Prabhakar 007 the dollar is back by the US military that's why it was removed from the gold standard
@@prabhakar0076 And who believes is INR ? lol. In few months its 2000 notes becomes invalid.
@@pookuti6605 😂😂😂 as a normal person I don't have 1000's of Notes in 2000 denomination. It's printed in the first place to capture illegal scamster, smugglers and hoarders in highest denomination. Now these people either has to loose or invest in small ventures. Which boosts economy, since it has a dead line. Every single note will be back to RBI.
Single shot, two birds. Stupids doesn't understand this
@@dasratgaming US military which failed in Afghanistan after 20 yrs, can't compete directly in Ukraine war. Can't defend TAIWAN from CHINA and wanted INDIA'S help.
It's removed from Gold standard and backed by petrol bcos USA got depreciated from Gold reserves and had no gold to pay. Now even petro Dollar is dead.Even faith in Dollar is lost.
$ not going anywhere
Yes ..$ not going anywhere only Brics 😮
Huffing COPIUM eh? 😂😂 is the beginning of the end for the american money printing economy... 😂😂 - time for you to actually work and produce sheet. 😂😂
Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.
Government policies have jeopardised the future for many years, and consequences are approaching. I anticipate an 75% decline in the stock market, causing investors to shift toward real estate. Traditional banking may become less reliable, so it's essential to develop a survival strategy.
These are the conditions in which life-changing money is made by those who remain calm, patients, and take controlled risks. Volatility goes both ways, the bigger the red candles, the bigger the green ones.
I consult a financial coach before investing. During the pandemic, I employed profit-focused strategies and risk minimisation, leveraging their insider knowledge and analysis. Working with Stacey Lee Decker as my coach for over three years, I've generated around $750k in earnings.
After reading your insights, I researched her full name and found her online webpage. Unfortunately, my portfolio took a significant hit, so holding it longer seems unwise. However, I've heard of others making significant returns during this downturn, which is encouraging.
If you think the dollar is going anywhere, you are mistaken.
This will age like milk.
@@thunderous-applause57Most actual finance experts say the same. The only people pushing de-dollarization are people with a clear bias and agenda
@@webmutiny212 Refer to my previous comment
@@thunderous-applause57 42 % of currency reserves are in the American dollar. 2% are in the Yuan which is highly manipulated, and no one wants the Ruble.
@@thunderous-applause57 when ? In 400 years ?
Really doubt it
Gold is the best solution, gold is money since ancient time!
We need a new currency called "Global Gold"
We might die of climate change before we see global money standardisation. It's hundreds of years away even if we assume Moore's law continues. For now we should focus on democratising coutnries and giving more academic freedom and funding to schools everywhere on the globe, and not let dictators, strongmen and theocrats manipulate their countries to poverty for their own personal welfare.
I think it'll be a basket of currencies. Replacing Dollar with Yuan is like replacing one poison with another. China is no saint, and its credibility in honoring agreements is even lower than US. It also has a history of manipulating Yuan to suit its interests. So most countries will have trust issues with Chinese Yuan. I think countries will use different currencies while dealing with different countries depending on what works best. For instance, they'll continue to use Dollar while working with the West, but will switch to Yuan when working with China, and like wise.
You will see their just blowing smoke you face as usual. They were talking about doing this back in 2008 and there were no takers.
You cannot trust the Chinese or any nation led by a King or president-for-life not to manipulate their currency against you.
Good luck diversifying America's monopoly. We could use some competition monopolies tend to stifle innovation.
Yes, Americans will always say that only America can lead the world - We don't need a leader to run the global economic structure, we have to more bilateral trades with each other so that no one is depended on a single currency - In todays technology dollar dominance can be easily eradicated
I like it forget the dollar forgot overseas America jobs. Start you yall group. Love it take it. Start as a new America structure of your owns. Boom that shit together. Market will boom without g7 help. Long live brics
I would say basket of metals like gold, platinum, silver etc
Prof Barro is An American in Denial alright!😂
facts🤣🤣🤣
Ok. Russia is crumbling, China innovates nothing, steals from America, India buys from Russia, Brazil makes nothing, Saudi Arabia makes nothing, South Africa who?
Good luck with that. I wonder how the BRICS currency will work while Russia, South Africa & Brazil have terrible economies. Also Russia & China are exporters and the rest of the BRICS are importers. The imbalances are huge to ignore.
The United States of America are the bigger importer in the world. But the dollar is meanwhile strong.
BRICS only been going for a couple of years and already at war. Russia are desperate but the dollar is the only sensible way to go. Simple as that.
No Sol Mak, tell these fools to give all their US dollar to you and me. LOL hahahahahahaha 🤣
@@ngutumpuennutu2836 united states is 1 country…
@@ngutumpuennutu2836 U S import to GDP ratio is less than 15%. World average is about 50%.
Basket of currencies. Option of using them based on each countries decsion to do business with who or which country. % of dollar dependacy will come down gradually. Not immediately, but time will find a solution for the USD.
Your anchor is 'fluid'...👌
Good
there are no alternatives just diversity. if one currency rules them all. the one who leads dictates the flow. if people made their own groups and made their own rules as long as people have the word *Equal* it could open up to the new front.
R.I.P US DOLLAR. GOOD RIDDANCE.
America the creator of UA-cam, Google, Amazon, Microsoft, Apple, Tesla, Pfizer, brain and heart surgery, computer, computer chips, software, airplanes, cellular phones, GPS, refrigeration ,telephone, fiber optics, personal computer, automobile, electric vehicle, nuclear power, etc . You're the biggest fool ever 🇺🇸
The dollar wont end that easily as the world's currency standard. Many countries still depend on the mighty dollar as their preferred currency of exchange and even if the dollar loses its dominance as the world's reserve currency, the question is which currency will be the global standard of exchange after? The British pound? The Euro? Deutsche mark or Japanese Yen? Remember a country's currency will have to be based on a globally accepted exchange rate and as of now that rate is still pegged to the dollar. However countries that wish to trade using their own currency will only benefit them if their currencies are accepted when trading with other countries. But lets say you want to buy goods from the US or from those countries that only accept dollars, that's where its going to be a challenge as they may not always accept currencies such as the likes of Emirati Dirhams or Yuan, unless you exchange them in dollars first (or other alternative but powerful currencies).
Huffing COPIUM eh? 😂😂 is the beginning of the end for the american money printing economy... 😂😂 - time for you to actually work and produce sheet. 😂😂
@@morganangel340 I don't think so. Come back in 5 years and lets see who's on copium whether this dedolarization trend is a boom or bust. Seeya.
@@dinbee4611 the beauty is that even if dedolarization is a bust, America will still be FKD, if many countries wil dump the dollar... is like with EV;s - even if EV will be a failure, oil corporations will still lose all the profits for gas they did not sold.... All I care is for USA to suffer, and it will... no matter what.
Good, the British Pound was the worlds currency for trade during the early 1900's when the U.S. was flourishing making our own stuff.. best thing that ever happened for the working man, the 1% not so much.
And not too soon.
The frame of reference of global economy must be changed otherwise the Rupee like all other curriencies will remain a derivative of u.s. dollars! De-dollarization is not just about the currency itself. My economic model changes the nature of economy thus representing the true value of curriencies(without dollar/u.s. treasury involvement). Achieving true de-dollarization. .
Democratisation and rule of law limiting the power of governmental agencies gives value to currencies. That's why Japan, Switzerland, the UK, and the European Union have reliable currencies and succesful markets. As long as dictators and dictator-wannabes rule the BRICS, they don't stand a chance. In this aspect India and Brazil has the best chance of the 5 to make a new globally relevant currency, but neither of them are likely as things stand. Invest in large scale good quality public education, and campaign for governmental accountability, democracy and fair-trade if you want investors to trust your country.
👌👏
US didn't bcom default on its debt on June 1 st . All nations n currency needed to b gold backed to start new alternative quantum financial system decentralised from central banks.
Yea, not going to happen.
Ha Ha Ha....Uncle Joe did not just get 'Sand-bagged'. He fell because he got Dollar-Bagged !
The way you do news is awesome sir
I loved whole video
That is a professor's musing?
Geez, standard of academia is plumbing the bottom of the barrel these days in some countries of the Western world. Even an engineer like me could debunk his hubris why the de-dollarization is not already on its way. It is beyond the cusp of a trend, but a well-entrenched phenomenon that is unstoppable. The reason is the fact that holding the dollar as your nation's reserves currency subject you to being blackmailed into having to comply to US interests or acceptance of your country's actions and words. If US is upset with your nation's policies/actions/behaviour, the US can confiscate your reserves until you succumbed. Eg. What Russia is experiencing now. I other words, you are no longer a sovereign country, by defiiniton. The World will find a way/method/process to use a non-fiat currency as nation reserves. A "Token" that has INTRINSIC VALUE (pertinently not IOUs), where it is not possible for a country's politician to have a hand in debasing its value by choice. Possible candidates in combinations, like gold, minerals, oil (God's money).
I Wanted this
Switzerland could. be banking system
Washful thanking it Can be done there many options account today trade
Nah! There is a phenomenon about to happen...global countries with out of whack inflation like Lebanon will permanently use USD as their currency. This will drive a new interesting trend. Many Asian, African and SN nations will follow suite.
Sri Lanka already does. Turkey uses both Euro and dollar now isntead of the Lira.
Maybe it's new bric's currency
I don't think the professor is living in the real world
Most ppl don't use a apple phone
And China is making product that are as good as the American products
Are as good? You sure buddy?
Yeah, truth
How about BRICS common currency?
Yea, not going to happen.
Before you can have a common currancy you need a political union like the EU. BRICS =/= EU and never will.
@@Madame702 wake up ..and experience the change
Yeah must be end and collaps
I Think Doller will Become More Valuable After this Stupid Decision
On what basis?
@@abayoeddy7832 is called wishful thinking...
Wion's Assessment who else. Particularly bizarre
If not dollar, its gold! Gold is not relic, its alive all time
World currency changes every 80-100 years, just look at history.
history is short... there are only 2 World currency so far... there was no World currency before british pound... only gold.
AOU can not reduce the importance of US $ as Saudi Arabia and USA have an agreement to sell Oil and receive payments in US $
DON'T STOP ❤❤
So what happened to the Euro?
My understanding was that our partners EU had come up with the Euro to demise our King Do!
Even if the Brics come up with their own currency at some point they have to buy the green buck for trade or any other reason. Also let’s keep in mind that the dollar is printed by the largest economy in the world and our economy does not show any sign of slowing down in the near future.
that's what happens when you printing money without limitations.
Yes, the usa dollar will still be used. But not from most of the world.
The most of the world is irrelevant
Dollars 💸💵 spending 💰 to all the doctors around the World 🌍, during the coronavirus pandemic. Including the sports cars.
Belarus, Afghanistan, Russia, is a threat to the Dollar 😂😂😂😂😂😂😂, love the thought. Russia is suffering from being kicked out of swift, so it's has got three big economies to team up.
Is it only those 3 countries you heard mentioned ?
WINNER SAHA you leave out China in the mix to massage yourself from reality.
@@yoseflisanuhaile601those countries aren’t any better what’s the purpose
Of them anyways ?? No influence at all they don’t have so who’s gonna listen to them, and I’m only hearing countries that doesn’t have nothing strong of there own or a high economy, is joining
RuSSia is not a big economy, about the same as Florida.
@@paulrand7861 1.7 trillion
Wion is also riding the dedollarisation bandwagon of zchina.
Not at all.
Just think where you put your money.
The petro dollar economy is not going to last more than 10 years with evolution in EV industries & robo taxis.
There is lot of things happening with AI intelligence which will disrupt so many industries.
Chinese economy will not have much surplus going forward as other countries will come up with more exports to western nations.
Don't be evil and don't worry about falling out.
what are you talking about? we use the dollar as a weapon and the chickens have come home to roost for us . wake up. our time as a world most powerful country is nearing an end. like most romans they denied rome was burning . as an american i hate to admit it. but its the truth. 2002 the world dollar reserve was 73 percent, in 2022 it was 55 and 2023 its 47. who are we kidding. are money is a fiat currency. the saudies are mvoing away from the dollar which is what gave the dollar its power.
Yuan era started
I wish Nrs nepali rupees will lead the global currency
Dimonds
Lets gather the most corrupt unstable countries and make a new currency. What ever could go wrong!?!😂🤣
😂😂😂😂😂😂caos
@@omarionbayley9721 Huffing COPIUM eh? 😂😂 is the beginning of the end for the american money printing economy... 😂😂 - time for you to actually work and produce sheet. 😂😂
@@morganangel340 oh please even if the US stop printing money all our 330+ million people will make the economy more stable and also it will grow faster because the more workers the more money🤪, oh wait how is china 12 million unemployed students are doing ??😂😂
@@omarionbayley9721 yes... go to work and have real jobs... stop printing money and buy what other people work for.
How is the RUST BELT ?
There is too much focus on framing the discussion as replacing the dollar. No one country has set out their goal as that but rather that they are diversifying their away their dependence from the dollar. The discussion should be whether that's a good thing for those countries. The answer is a resounding YES. There are so many angles to this discussion than focusing on replacing the dollar. Let the dollar do its thing and the countries diversify their options. Ultimately the end result is not what exists today and that's a good thing.
End dolar best thing can happend
What you'll use? Gold money? Hit your head man!
It's about competitive world every one is competitive even Asia with their competition
No
Waiting bankruptcy USD
🌟🌟🌟
Well most news talk abou this maybe something new really its happening
Nice to dream, keep dreaming, we shall remind each other of this issue in 20 years time.
Only russ ,ind +chi news
Wake up and experience the fall
US Dollar Responsible for Global Poverty and Economic Inequality
Than quickly than better 😎stop use thet dirty money dollars...
Yes, tell your central bank to give me all you US dollars. Yes that is a good idea Viktoras Alio. LOL hahahahahahahaha 🤣
@@Madame702 Huffing COPIUM eh? 😂😂 is the beginning of the end for the american money printing economy... 😂😂 - time for you to actually work and produce sheet. 😂😂
@@morganangel340 No Morgan, In fact we going get more dominate. Did you forget that you country need US dollar to feed your people. Oh yea, you forget you get shitty farmland you need lots and lost fertilizers, and pesticides those are industrial products that that right say it America sell to you.
@@morganangel340 Right now their over 30 countries that had to borrow money from the IMF in US dollar to pay to buy food to feed their people.
@@morganangel340 You see want to build car but you country has no iron ore, wow you need US dollars. You want buy oil for fuel you need US dollars. You want Iphone sorry just US dollars. You want to buy F-16 fighers jets and the new "level 4" bullet proof vest from America for you army it going take US dollar. You want buy a new oil tanker for you country that US dollars. You want buy food because flooding ruined your wheat crop that will be in US dollars.
American in Denial!
Your country created nothing but stealing
gold . set ounce x amount of money
Gold is limited
Using each other's currencies for payments and backing all currencies with gold
In ur dreamz. We r hearing this from last 50 years
Thinking economies coming out of fiat currency?
Its always been a multi currency world with some currencies dominating more than others. Perhaps currencies dominating the future will be currencies of the 5 core BRICS nations as well as existing US dollar and other western reserves ie euro, pound, yen, etc which are supported by major financial institutions and banks
I seriously doubt it. No matter how much political power they have, the BRICS are simply more corrupt and they can change legistlation overnight, ruining companies and banks, while in democratic countries this can't happen instantly, and there are a lot less state interference and actors in the US, Japan and EU meaning they have a much fairer market than India, Russia and especially China.
Now we are seeing how to haseen😢the downfall stop the power of the empire
That was a good dream if you take a vacation in other country they need a dollor may in 1960 if they think that its ok but now it is imposible dream
All these countries are struggling with inflation and cannot stop currency depreciation against usd. They looking to escape inflation and have ideas
Those ideas include adapting usd. Democratisation and rule of law limiting the power of governmental agencies gives value to currencies. That's why Japan, Switzerland, the UK, and the European Union have reliable currencies and succesful markets. As long as dictators and dictator-wannabes rule the BRICS, they don't stand a chance. In this aspect India and Brazil has the best chance of the 5 to make a new globally relevant currency, but neither of them are likely as things stand. Invest in large scale good quality public education, and campaign for governmental accountability, democracy and fair-trade if you want investors to trust your country.
Lol sure
at end GOLD will replace fiat currencys , as always
Dollar been dead since 2009
58% usd global reserve currency.... in 2-3 years it will be 40%😂
Future of $$$ is no.more than top class toilet paper...🤗
There should be an SDR type vehicle for the BRICS+, where BRICS+ currencies convert to the BRICS+ SDR vehicle and that floats against other currencies.
Not a chance, these guys are just blowing smoke their not going back another currency. India right now is trying people to use the Indian rupee and it is not going well.
@@Madame702
They are already using other currencies, but they don't have one that can replace the dollar as the global reserve currency. But the real question is, _does the world really need a global reserve currency?_ None existed prior to Bretton Woods, and frankly, the dollar dominance was a curse to the world. Precious metals are so much better than fiat currencies.
But knowing the state of the world they'll probably enslave us through some sort of virtual money.
@@texasray5237 Ok so let really look at American history Texas Ray. In war of Spanish Succession in 1701 Spain and France created a super alliance. Immediately, England, Netherlands, Prussia and Russia declared war.
@@texasray5237 This war is sometime called World War Zero it was first world war. British were broke so the King of England at the time need to raise a Navy with no money. So he create privateers in which British citizens could invest in their favorite pirate captain by investing in share to build and sail pirate ships.
@@texasray5237 160 charters we award and the shipyard of England start to build this privateering navy. But own one problem bank of England soon ran our of money. That right the simply didn't have enough coin to go around. There solution use Spanish silver doubloon yes that right the British used Spanish money why because it was the most liquid currency of that time.
the euro is also expanding and tries to be on par to the USD.
high-tech companies are shifting from china to south east asian countries like thailand. china has it's internal problems now.
russia is currently falling apart.
de-dollarisation is a political thing, nothing else.
Wake up yaar .. come to reality ..u.s and Europe is in shit deep trouble 😵💫
@@adityareddyk where is the deep shit? europe is currently transforming itself into more sustainability, especially in the energy sector. the blackout from cutting off putlers gas supply did not happen because the EU pushed in the right direction in a coordinated manner.
The old man down the road 😢😂