Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.
All big corps are just a cohort of centralized system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in stocks, which is pretty simple. On my portfolio, which has grown over 90% in a little over a year, my advisor chooses entry and exit orders
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
That's why I hoped that Trump will win the election - it's a big step closer to make or break moment for EU. And we all know that here in EU you can't get anything done without a giant kick in the EU butt.
That’s why the dictatorship in China works so well in getting things done. You are told what to do and you do it. Unlike large bureaucracies where every bureaucrat has something to say and pontificates over every decision. The EU is not the only institution with this problem, look at the UN.
@@HansKrause-k6r dictatorship itself is not the problem nor the solution. It all comes down to leadership. There are cold blooded dictators out there and also a benevolent one. China is fortunate to be blessed with a smart one.
What makes this guy think BRICS would allow EU to dictate the world order. I mean Russia is Europe's no.1 enemy right now, China remembers its century of humiliation at the hands of Europeans, India has a 200 year colonisation looting history with UK, South Africa literally fought against apartheid done by White Europeans on native blacks, and the Brazilian President Lula is a left leaning communist who will be ideologically against taking dictats from Colonizers. EU is ageing declining continent, they need BRICS more than BRICS needs them.
@@MestizoMoney If it is a silly idea why would leaders of 5 nations create it ? Do you think the Russian, Chinese, Indians, Brazilians, and South Africans are stupid ? You don't think Putin, Xi, Modi, Lula, Ramafosa have something else to do with their valuable time ?
Sorry... We are not a trade block!!! We are trying to sell our liberal shit to the rest of the world but highly unsuccessful! The "old Union" WAS a trade block - now (basically since the 2007 Lisbon Treaty) we are just a political club of idiots no one gives a s**t about...
America is already isolated due its support of Israel. It's all part of the globalists agenda. Every 100 years or so the powers that be introduce new global systems. The US has had its day in the sun. It's over. The G7 is done. It would be smart for the EU to make nice with BRICS because the US as we know it will soon collapse and this is by design. Trump's policies with increase the debt 12 trillion. The bubble has to burst at some point. Unfortunately for the Ukraine they may as well surrender now. Taiwan is doomed. Dark times are coming.
@@hrvojegavran8375China don't need America for what American need them but we have a damn fool back in the office he's going to do more worser this time
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now .
Few days ago he was trying to mock BRICS. Now he wants to mock Trump so now BRICS has suddenly become so important that EU wants to join. And some say this joker is unbiased.😅
So far BRICS has not accepted applications from EU countries. Singapore tried to join but was rejected by Russia and China as being too pro-US. If any European country is able to make the cut, it would probably be Hungary or Servia, or both.
I believe that China buys oil from Russia in rubles and Saudi Arabia has accepted China’s currency in payment for oil. So we may have actually arrived at the end of the petrodollar.
And China just signed a deal with Afghanistan. That's a route from China to the Red Sea... If Iran is open. Wonder why Israel (USA) is rattling Irans cage?
Also don’t meet regulation requirements. They are not fuel efficient, top selling car in America gets about 20 mpg, top selling car in Japan gets 44 mpg.
I don't think the EU leaders would be willing to sit in the same room as Putin. Also a lot of the BRICS country's want to break away from Western hegemony, that is not possible if they are part of the block.
@@thegreatdane3627 The EU is stuck with the USA. You can't turn to the BRICS now, you were warned 2 years ago not to go all in on Ukraine and war with Russia. The USA always abandons their allies, it's literally genetic at this point. Enjoy your tariffs, Trump has alot of power over the EU this time around.
EU might break if the current economic malaise continues and Trump strengthens it downfall. Indeed the only real weapon EU has is to threaten the USD. Otherwise it's already on its knees, can't fight American economic might
@thegreatdane3627 If even one of this 27 joins BRICS Plus, the rest will use their ID to infiltrate BRICS Plus. We might not live to see countries with membership of EU and BRICS Plus.
More like Jesus giving a handshake to Satan Satan is more willing to shake with a lie, while Jesus is less likely to initiate a shake of hands since Satan is to be punished in the end.
You say it - Europe cannot be governed or set direction against countries that are governed through religions - We live in 2024 and need stability not faith.
Europe prefers stability. Europe will also not be able to support countries that are governed or based on religion because it is a faith and nothing else. There is no currency that can replace the Dollar as the American central bank is 14 private banks and not state-run or under corrupt rule
Wow, so you really believe that there’s no other currency or currencies which can replace the Dollar which is a fiat currency which is not backed by any precious metals?
Europe is still way better than all of the weak and developing countries in brics. Big economy, but abysmal gdp per capita, People from brics countries still want to migrate to europe.
Americans only says Brics is a threat to u.s hegemony of its reserved currency dollar. But, no one says anything about how u.s uses its dollar to destroyed, seize asset n cutting off countries from using the dollar. Weaponising the dollar has elavate u.s as a threat to the world. So, who is to be blame for de dollarisation. 100% tariff, no sweat at all. Might as well we divert our products elsewhere.
Spain and Italy want to trade with China. Germany had their Foreign Minister(?) there a while back..... Don't be so sure. If Europe is backed into a corner and has to pick the winner of the next decade, will they chose the country that's building bridges (And roads, railways, ports, hospitals, etc, etc) with 150 other countries, who when combined total 80% of the Global Population, or will they pick the country that screwed them over and had them in debt since WW2 (And now appears to be failing)?
Bingo! I am from Northern Italy. China and Russia are already here 😂 most of the population loves Russia. Our President was in China a few days ago. He said he wants closer relationships with China. Economic, cultural, and more. We do not like the USA and we HATE Nato.
Bingo! I am from Northern Italy. China and Russia are already here 😂 most of the population loves Russia. Our President was in China a few days ago. He said he wants closer relationships with China. Economic, cultural, and more. We do not like the USA and we HATE Nato.
Bingo! I am from Northern Italy. China and Russia are already here 😂 most of the population loves Russia. Our President was in China a few days ago. He said he wants closer relationships with China. Economic, cultural, and more. We do not like the USA and we HATE Nat0.
And on the flipside, BRICS has never asked for Europe to join it either. Its entire purpose is partly aimed at weakening Europe's influence. This is purely VE being provocative for the sake of views.
It might happen, especially if the US steps out of the Ukrainian conflict and definitely if it leaves NATO. And honestly, after all the underhanded tactics Trupe promised to use you have it coming.
@@labranehit7687 I really don't think Trump will leave NATO. When he was in office previously, he threatened to do so to get other members to meet their obligations. Now if all of the ideas in the video were put forward by the EU, I could see it happening. Have fun with Russia and eventually China.
@@labranehit7687 natos biggest issue is to keep russia out, germany down and the usa in. If nato crumbles, europe might get freed from the americans yoke and build up freely without american influence.
@@xiphoid2011 it could for china. Look at it this way, if the US stops acting like an ally Europe will have to turn to new partners to survive. I doubt it will be Russia but it could be China. Yes the CCP is horrible and all but if Trump and his government acts like bullies towards Europe... Well what choice is better, the bullie that hits you or the one that actually wants you as a friend. And don't forget, Trump did say this was going to be the last election in America. If that's true China doesn't seem that bad in comparison.
The EU wouldn't join BRICS, it would challenge it by making it's own where the Euro would be the dominant trade currency, you should have watched the video instead of just reading the title as he's clearly saying "BRICS like" and Euro backed. Obviously there is no way the EU would join a union that would devalue their own currency, which by the way is nearly as strong and stable as the Dollar already.
Exactly! If we assume the US won't be a democracy anymore, it would be in our interest, to unite the remaining free world in a united economic Block, in a Opposition to BRICS
In the end , i dont care what Europe does .... As long Europe finally get out of its chare and takes back it place on the top of the economic and military pyramide...... instead of launching around thinking it will be fine
unfortunately for you the bible is crystal clear babylon aka the west will never rule again, too much atrocities...and babylon wont even survive the next 10 years...were almost at the end of this age
Europe is way better off without America in their life. Look what's happening to them now following the American policies. Trumpinomics is in no counties best interests, avoid America at all costs.🤷♀️🤷♂️
@@millevenon5853 they utilize some American patents, along with others that were developed internally, and others that were developed by other countries. The fact that America is the only country that forces control over any company that utilizes any of its patents is very hegemonic. It backs up joerock’s point about how Europe is better off without America.
The EU should do whatever it needs to do to put Trump's America in its place. (And, I understood your meaning of being not actually joining BRICS, but joining the BRICS thought pattern of replacing the Dollar with another currency.)
Consequences if Global Use of the Dollar Declines: Economic Impacts: Reduced Dollar Demand: The U.S. benefits from the dollar's status as the world's primary reserve currency. This status allows the U.S. to borrow at lower interest rates and print currency to finance debt without immediate inflationary pressure. If the dollar lost this status, borrowing costs would rise, potentially leading to higher interest rates and inflation. Trade Deficit Consequences: The U.S. runs a significant trade deficit, which is easier to sustain when global demand for dollars remains high. A decrease in this demand would force the U.S. to correct this deficit through a mix of reduced imports, increased exports, or economic adjustments. Financial Markets: Global Investment Shifts: A decline in demand for U.S. dollars could impact investments in U.S. Treasury bonds and other financial instruments, destabilizing financial markets and possibly leading to a weakened dollar. Loss of Economic Leverage: The U.S. would have less global financial influence. Countries diversifying away from the dollar could make it harder for the U.S. to enforce economic sanctions and exercise geopolitical power.
It's not the US "putting a tariff" that is the concern. Some specific and hyper focused tariff to protect a critical local industry is one thing. It is that Trump does not understand economics or how tariff's work and so he wants blanket tariff's on everything which is not strategic, nor is it sound economic decision-making as any decent economist will tell you. It's just by their very nature going to mean that everything gets more expensive. So there is a difference which is why normal American politicians didn't get emotional that people don't buy American made bendy straws anymore, and instead only buy stupid things like American made fighter jets, or Abrams tanks, or helicopters, or other significantly more advanced manufactured products.
I think what Europe should attempt, is cooperative trade agreements with the American economies and the BRICS countries economically, But, we should also consider gold (+ other PM's and resources) backed measures, for all international trade. The dollar's extreme debt levels are a huge problem, so it is not suited to continue as the world's "reserve currency". The Euro is a purely political construction, so it's already a problem for EU, as we have widely different economies within the union. Instead currencies should be mainly for internal , and maybe bilateral, use. Energy, precious metals and other resources and productivity, should be backing international settlements, substantially, but the payments could potentially use a suitable cryptocurrency as a formal structure. The most important thing is to separate the political situation and a smoothly functioning exchange of goods, services, information and labour. The reasons for avoiding politically controlled ways of dealing, should be obvious after what we have seen with the treatment of Russian economic interests after the calamities in Ukraine became acutely palpable, and the way the governments of the western countries have damaged European economies in an unprecedented way.
Taxing foreign products is the confess, that own products are not compettitive - and that will lead to an unwonted, but voluntary exclusion from the market. Good by America!
The USA screwed Europe in the last 3 years (that's why it pays 4 times as much for LNG). Why is Europe still groveling at the USA's feet??? Doesn't Europe have any pride and self-respect?
Western Europe joining BRICS will be as likely as Russia joining NATO. Saying Chinese institutions are not reliable; how reliable are Western Financial Institutions? Also why are so many countries particularly countries in the global South queuing to join BRICS Plus? What exactly is the US manufacturing and exporting all over the world, which makes it the number one economy in the world; or is this just another hype?
Russia has expressed interest in doing this long time ago...joining NATO...2003...but was no interess of Western block....today is no possible any more...some of country from Western Europe joining BRICS and they will....gradually the EU will split...
He said in the presentation. The US trade system, basically wallstreet. Selling stocks in companies like Apple and Tesla... also selling govt Bonds and repackaged debt as a banking product.
This is not even a remotely contentious topic. Western financial institutions are the most stable in the world. Most importantly, they act independently of their respective government. That is also why Western countries have some of the best credit ratings in the world. Countries want into the BRICS because there are no obligations and no requirements to join. There is not even an official BRICS charter. Countries are joining BRICS for the same reason countries are joining the British Commonwealth, because there are no real disadvantages. At worst, you get another forum to discuss trade, etc. BRICS is not an anti-Western alliance, as people seem to believe. All BRICS countries except for Russia trade more with the West than they do with each other. Russia is really the only BRICS country that is openly hostile to the West.
But apparently, the Chinese financial system IS unreliable. And it seems that is part of the reason why so many Chinese take their money abroad, they don't trust their own banks 🙃
@JeffPar50 Really? How come Russia got kicked out of the Swift system, if Western institutions act separately from Western Governments? How come Western governments are the only ones backing the ongoing genocide in the Middle East, if their governments act independently from their corporations supplying the weapons/arms? The West have exposed themselves to the entire world, by showing every one that their Governments, NGOs, Corporations, Institutions, etc., are all the different heads of their debts based system. BRICS Plus is a system to counter the existing Western Hegemony; by a union of countries who have suffered Western subjugations, colonialism, neocolonialism, exploitations, pillages, and plunders, in the last 200 years, to this very day.
The countries of the Global West outsourcing so much manufacturing and food production was always a bad idea. Our Governments are still trying to destroy family farms in our countries. One really does not have to think to hard about that to come to the conclusion that is a very bad idea. Just as allowing Governments to take our firearms was a bad idea. As policing fails, I think in many countries it already has to some significant extent, our Governments are purposefully ensuring we have no good way to defend ourselves.
Sure... and next video title for even greater clickbait: "WILL THE USA JOIN THE BRICS???" 😱 Common guys, I am starting to reconsider whether this is a serious channel worth following.
India, China, now Europe are fighting for their currency to be the next reserve. That it would seem , would cause the same problem eventually. The best answer is a BRICS currency where all members are equal.
@@BOIOLA08 When China and Russia became Allie’s, they became more powerful than the US. BRICS filled in for our sanctions against Russia. Our sanctions just opened new markets for China and Russia, and closed markets for the west. We also trashed Europe’s economy by cutting off their main fuel source.
@KellyK-il2bk A basket of currencies backed by precious metals will become the reserve currencies of the world. After the weaponisation of the Dollar against Russia, the world will not accept one currency as the reserve currency again.
It is no matters for Europe to join BRICS, very great welcome to Europe.. we must respect new thing that could assist and bring new changes to this world.. BRICS is proven as a great catalyst for world paradigm
Presently the European Union is not in a position to join neither to dissolve. The situation must get worth before improvements may emerge. Then the European Union may wake up.
I think a common currency would depend upon a basket of commodities (wheat, metals, oil) as the "gold" backing. Alternately, there's always gold. Also, bilateral currency transactions between two countries, lessening the need for the dollar. Cut out the middleman. From farm to fork finance. I suspect the dollar is already at 15% in central bank reserve holdings, although the IMF insists its 56%.
As an Indian, quite frankly I don't think the path to de-dollarisation would ever involve any BRICS member state agreeing to the EU joining the economic alliance. The hegemony is not only held by USA, but much of the Western world
It all started with the modern rice in neo-Marxism. All part of the plan by the Soviets and CCP, to slowly indoctrinate new generations, and then divide and conquer.
I didn't think that BRICS is ready to include European countries, because BRICS established to counter western countries hegemony in International affairs. BRICS are mostly composed of Developing or middle or lower income economies. So including European countries in BRICS doesn't make sense.
I love showing these types of videos to my fellow Americans. Been an isolationist my whole life and these videosjustifymy stance. Anyway, only 11% of our economy is exposed to trade. Most of that is within NAFTA. We don't need you. You are all just an inconvenience now.
This USA prez/elect desperately needs to improve his intellect and economic knowledge when it comes to EU-USA trade. For the past 70 to 80 years, only market economics has existed between the EU and the USA (the biggest allies). And everyone in the both sides of Atlantic buys better quality products at the appropriate price. So the USA does not really produce as many good products as the EU does. Americans freely choose Mercedes, BMW, Champagne, Cognac, Dior, Dutch Cheese, ASML Semiconductors Tech and so on. Even the former leader, Boeing, lost the quality and safety battle against Airbus. If we talk about Coca Cola or Apple products (iPhones and MacBook Pro), Europeans have absolutely no issue - we like it and buy continuously. P.S. Or if this prez/elect is secretly seeking to destroy NATO (and by extension the USA), then he is saying all sorts of crazy things to cover up his treasonous actions. Greetings!
Attacking Russia through the USA’s proxy war with Russia (using Ukraine) was a terrible mistake by the Europeans. A United Eurasia would’ve been an awesome entity.
I live in a country with aid from Brics. It’s transformative. No kicking out of the Us etc. EUcountry with the balls : no country. 1 politician with knowledge, competence, open mind and balls : Orban. Don’t count on the others to change the tanker. They are not capable of it and they must reach a consensus. Nevertheless : Miracles do happen. I would very much like to hear the pros and cons from Maersheimer, Wolff & co.
EURo had a chance to be a proper reserve currency, but since 2011 when European government decided that they would guarantee bank deposits and countries like Greece, that prospect has failed. It is still great with 20% of all global reserves denominated in EURo as second most used after USD, but it has limited potential to grow as reserve currency due to the above point.
I would be more optimistic about Euro. It is the second currency in the running world wide and Elon is pro destroying the FED, which is a major reason, why USD is so trusted. Now, if trust into US government (because of what happens to the government) and/or the central bank of said country were to cease to exist, what does that mean for adoption of USD for international trade?
Thanks I would had said something like it. We tried. Plus EU countries like Denmark voted against euro as our common EU currency and disband our own currency. So we,( I am Danish). wanted to keep our own currency Dkr. So we did, with our votes against the euro and thanks common sense for that.
Just to be clear here, I would love to see a strong EU, If EU would be magically turned into a politically unified federated state, we would be second most powerfull. Sitting in GDP and scale between US and China. .... yet culturally and politically we are just a band of tribal mentalitydriven apes unable to agree on basics like energy mix and foreign policy. We probably need a few more generations to merge the culture a little more for that to be politically possible, which is weird for a majority white christian continent to be this non-cooperative today like it is.
@@pellehyltoft7771 If I recall correctly, Danish Krona is fix pegged to Euro with some 2% permissible float...I'm sorry, but that's just having Euro and calling it something else. Also, the referendum was 53,2 to 46,8. That's pretty close to me. On top of that, it's been 24 years. How has the sentiment changed since?
How about.... Maybe Putin has realised the "Winner" over the next decade is BRICS (And/ or China has indicated that he should PLEASE sit down and be quiet to REMOVE excuses for more conflict..... Ya'know, the conflict uSA wants?)
And euro is weak compared to Yuan. Compared to the highest point in the past 20 years. The value of Euro dropped by 32% from 1.55 usd to 1.06 usd And yuan dropped only 15% from .163 usd to .14 usd. Yuan is clearly a winner in keeping its value, thus a better choice for reserved currency.
@@tomfurmby88 the highest point of yuan was at 0.163 USD in 2013. when did yuan ever reached 0.24 USD? and Euro was at 1.56 USD in 2008. and now it's only 1.05 USD. are you getting your data from an alternative universe?
Racist & colonial Russia helped make BRICS. Russia 🇷🇺 is killing their minorities at the Ukrainian front line, third world peoples are being suckered into coming to Russia 🇷🇺 to die in Ukraine 🇺🇦 or be enslaved in war factories. Russia’s colonies (ie Alaska) were sold, lost (ie in California), broken off (ie Ukraine 🇺🇦), or being attacked by (ie Ukraine, Georgia, etc.)
China 🇨🇳 has not forgotten their racist colonial ways, yet they helped form BRICS. Tibet was conquered by China 🇨🇳, they still want to conquer Taiwan 🇹🇼, and they are still committing genocide in East Turkistan. China has been committing genocide in East Turkistan, as they enslaved survivors to manufacture toxic lithium batteries 🔋 Can BRICS not be racist and colonial in fashion?
The problem with EU joinning BRICS is that they would want to boss around and think they are above the others who also want to join. Brazil, India and South Africa would MAYBE be open to negotiations but Russia and China would not accept this kind of disrespect again.
EU is not trusted to even bothered with thinking of joining the BRICS. With the EU mindset of colonialist idea and geopolitics strategy is too risky and dangerous for them to joined BRICS.
@djprojectus It's a colonialist Organization. Joseph Borell said to himself" the EU is the garden, everyone else is the jungle." And it is up to the gardeners to keep the jungle in control.
German cars are already being made in USA, no tarrifs there. Also Tesla has huge factory in Berlin so it is a EU product. Transportation only add to total cost and is not good for environment.
This thought crossed my mind. If the EU could somehow replace Russia in BRICS, Europe and Asia could punish the US and Russia for creating and/or supporting calamity around the world.
It used to be the case that every foreign car, every Toyota and every honda, was a dependable car, but this is not the case anymore. Every car maker, whether it be USA, made, or Toyota or Honda, deliberately makes cars in excellent long-lasting condition for a few years to gain the confidence of the consumer, then later on make cars that will need a lot of repairs so they can pocket a lot of money in parts and labor.
Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.
All big corps are just a cohort of centralized system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in stocks, which is pretty simple. On my portfolio, which has grown over 90% in a little over a year, my advisor chooses entry and exit orders
How can I reach this advisor of yours? because I'm seeking for a more effective investment approach on my savings
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.
If Europe were capable of getting it’s shit together they would not be in this mess.
That's why I hoped that Trump will win the election - it's a big step closer to make or break moment for EU.
And we all know that here in EU you can't get anything done without a giant kick in the EU butt.
That’s why the dictatorship in China works so well in getting things done. You are told what to do and you do it. Unlike large bureaucracies where every bureaucrat has something to say and pontificates over every decision. The EU is not the only institution with this problem, look at the UN.
@@HansKrause-k6r
You think China is more of a Dictatorship than USA?
Give it a year.
@@HansKrause-k6r dictatorship itself is not the problem nor the solution. It all comes down to leadership. There are cold blooded dictators out there and also a benevolent one. China is fortunate to be blessed with a smart one.
Bcoz Europeans had elected a EU President who obeys US's demands. Best of all, it's called Democracy.
Neither BRICS nor Europe has expressed any interest in doing this. You guys are just tossing out provocative ideas for the views.
Seems unlikely for eurozone to want to run the trade deficit implicit in being an outsized reserve currency (c.f. Triffin dilemma).
Click bait
What a nonsense.
Because they need to be seen :)
Provocative ideas are good ideas.
Or do you want to be the thought police
Few days ago: "BRICS is a scam."
Today: "EU can possibly join BRICS."
me: ""I can do that too, hold my beer."
I definitely remember channels like this one making fun of brics for the last 4 years
@@ax1338I mean, BRICS is still a silly idea but if Trump wants to wage economic war on then world then why not let the world wage war back?
Impossible UE have bad attitudes UE can't join Brics and Brics can't receive the distroy and arrogance country 😂😂😂😂
What makes this guy think BRICS would allow EU to dictate the world order. I mean Russia is Europe's no.1 enemy right now, China remembers its century of humiliation at the hands of Europeans, India has a 200 year colonisation looting history with UK, South Africa literally fought against apartheid done by White Europeans on native blacks, and the Brazilian President Lula is a left leaning communist who will be ideologically against taking dictats from Colonizers.
EU is ageing declining continent, they need BRICS more than BRICS needs them.
@@MestizoMoney If it is a silly idea why would leaders of 5 nations create it ? Do you think the Russian, Chinese, Indians, Brazilians, and South Africans are stupid ?
You don't think Putin, Xi, Modi, Lula, Ramafosa have something else to do with their valuable time ?
I'm sorry, no. We're not a country yet. We're a trade block with a lot of hobbies.
Sorry... We are not a trade block!!! We are trying to sell our liberal shit to the rest of the world but highly unsuccessful!
The "old Union" WAS a trade block - now (basically since the 2007 Lisbon Treaty) we are just a political club of idiots no one gives a s**t about...
I love that
Hopefully not for long EU.
BRICKS is not a country too.
@@georgewashington90 you wanna imply the EU will collapse or federalize?
America is actually isolating itself when it needs its allies the most.
America is already isolated due its support of Israel. It's all part of the globalists agenda. Every 100 years or so the powers that be introduce new global systems. The US has had its day in the sun. It's over. The G7 is done. It would be smart for the EU to make nice with BRICS because the US as we know it will soon collapse and this is by design. Trump's policies with increase the debt 12 trillion. The bubble has to burst at some point. Unfortunately for the Ukraine they may as well surrender now. Taiwan is doomed. Dark times are coming.
So true, they will tank with that politics. China is dominant.
You know what the Bible says about a damn fool he will always destroy everything
@@hrvojegavran8375China don't need America for what American need them but we have a damn fool back in the office he's going to do more worser this time
The US does not NEED the EU sweetie!! Trump will NEVER ALLOW the EU to join BRICS.
Trump will destroy the EU if they even think about that!!
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now .
Hello, I'm curious to give this a try. Please who is your advisor and how do I get in touch?
Annette Christine Conte is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Few days ago he was trying to mock BRICS. Now he wants to mock Trump so now BRICS has suddenly become so important that EU wants to join. And some say this joker is unbiased.😅
This is the comment I would have written if I allowed myself to comment before watching the videos, but thankfully I'm smarter than that
The reason why BRICS had to unsubscribe to this ballet of millipedes... EU is very unstable
@@urax35this channel is a joke, buddy
@@thenightmare6204 no, people should just learn to use their brains
BRIC is a group of moronic nations with cònflicted culture and national interests even 3rd world countríes also don't want to join.
The world has changed. Accepting that fact will be useful.
So far BRICS has not accepted applications from EU countries. Singapore tried to join but was rejected by Russia and China as being too pro-US. If any European country is able to make the cut, it would probably be Hungary or Servia, or both.
You have to be really poor or really evil as qualifications to join brics
Hungary is the the only EU country that could be accepted. The rest have no chance.
Serbia is not in the EU.
Why singapur want bypass dollars 😂😂
Be careful of Spore....
Slovakia also has a chance.
Their president Fico leans more to the East than to the EU.
I believe that China buys oil from Russia in rubles and Saudi Arabia has accepted China’s currency in payment for oil. So we may have actually arrived at the end of the petrodollar.
And China just signed a deal with Afghanistan. That's a route from China to the Red Sea... If Iran is open.
Wonder why Israel (USA) is rattling Irans cage?
China explicitly does not buy oil in rubles anymore. Most transactions are settled in Chinese Yuan or in UAE dirhams.
They don’t take our cars! The American cars are butt ugly mate 😂
Evil car's 😂😂
American cars are too big for Europe
We need quality 🎉
Big, clunky gas guzzlers. And so outdated, just like the US itself.
Also don’t meet regulation requirements. They are not fuel efficient, top selling car in America gets about 20 mpg, top selling car in Japan gets 44 mpg.
I don't think the EU leaders would be willing to sit in the same room as Putin. Also a lot of the BRICS country's want to break away from Western hegemony, that is not possible if they are part of the block.
there are 27 countries in the EU, it is not unthinkable that some would switch sides if it benefits them more.
It's not unthinkable that Russia is pushed away from the table especially if it means having the euro and hurting the usa
@@thegreatdane3627 The EU is stuck with the USA. You can't turn to the BRICS now, you were warned 2 years ago not to go all in on Ukraine and war with Russia. The USA always abandons their allies, it's literally genetic at this point. Enjoy your tariffs, Trump has alot of power over the EU this time around.
EU might break if the current economic malaise continues and Trump strengthens it downfall. Indeed the only real weapon EU has is to threaten the USD. Otherwise it's already on its knees, can't fight American economic might
@thegreatdane3627 If even one of this 27 joins BRICS Plus, the rest will use their ID to infiltrate BRICS Plus. We might not live to see countries with membership of EU and BRICS Plus.
If th U.S were to mind its own business, most of the problems here would not exist.
Nah, Europe should go self reliant..
Europe needs to become euronationalist and bring some good old imperialist agenda back.
Europe can be imperialistic against whom? With what military?
Stupid idea.
Europe's time was when the Euro was first created. Allowing the $ to remain the world currency kept Europe on the US teat.
yes we should
@@hobbes1887 then we'll also initiate a scramble for europe.
EUROPE JOINING BRICS ? IT WOULD BE LIKE SATAN GIVING A HANDSHAKE TO JESUS .
More like Jesus giving a handshake to Satan
Satan is more willing to shake with a lie, while Jesus is less likely to initiate a shake of hands since Satan is to be punished in the end.
Opposite.
You say it - Europe cannot be governed or set direction against countries that are governed through religions - We live in 2024 and need stability not faith.
@@lpdude2005
Only SATAN 😈
thinks Faith is NOT STABILITY 🤣
Where do You think the 10 Commandments
come from !?!
Europe and Berlin Conference? US and war mongering? BRICS juust want to survive independently and not be controlled oorr bullied. 😅😅
Brics must not extend membership to EU countries. It is like allowing a king cobra into your family home
Agredd, pls keepda king cobra and albino mambas out.
What you talking about
I'd describe BRICS rather as the snake pit than the house in your analogy.
BRICS will never allow that. Never ever. They will tho appreciate de dollarisation
@@g0r3ify - Correct. Which OECD country wants to be in BRICS? none.
Europe is so full of it.!!!!!
Europe has become too stiff. It has lost any and all ability to think out of the box
Europe prefers stability. Europe will also not be able to support countries that are governed or based on religion because it is a faith and nothing else. There is no currency that can replace the Dollar as the American central bank is 14 private banks and not state-run or under corrupt rule
Wow, so you really believe that there’s no other currency or currencies which can replace the Dollar which is a fiat currency which is not backed by any precious metals?
☝🏻🤓
Europe is still way better than all of the weak and developing countries in brics. Big economy, but abysmal gdp per capita, People from brics countries still want to migrate to europe.
That is nonsense.
imposes unilateral 15000 sanctions and EUROPE wants to join BRICS !!!!....😂😂😂😂....
EU would never do that. But if USA goes heavily into protectionist mode with high tariffs it will eventually make EU and China trade more closely.
But they already do trade closely mainly since Europe decided to deindustrialize😂
@@orboakin8074 ever seen musk do a starjump?
@@slueccroll4661 no. Why?
@@orboakin8074 dunno, it just looks freakin funny.
I bought a crap load of American state obligations, called Doge
They already do. It will just mean the USN wont be in the Red Sea (alone apart from 1 RN Frigate) protecting their shipping lanes to China.
Americans only says Brics is a threat to u.s hegemony of its reserved currency dollar. But, no one says anything about how u.s uses its dollar to destroyed, seize asset n cutting off countries from using the dollar. Weaponising the dollar has elavate u.s as a threat to the world. So, who is to be blame for de dollarisation. 100% tariff, no sweat at all. Might as well we divert our products elsewhere.
Spain and Italy want to trade with China. Germany had their Foreign Minister(?) there a while back..... Don't be so sure.
If Europe is backed into a corner and has to pick the winner of the next decade, will they chose the country that's building bridges (And roads, railways, ports, hospitals, etc, etc) with 150 other countries, who when combined total 80% of the Global Population, or will they pick the country that screwed them over and had them in debt since WW2 (And now appears to be failing)?
Since german government is completely lost they will stay with US because its "moralisch korrekt"
Bingo! I am from Northern Italy. China and Russia are already here 😂 most of the population loves Russia. Our President was in China a few days ago. He said he wants closer relationships with China. Economic, cultural, and more. We do not like the USA and we HATE Nato.
Bingo! I am from Northern Italy. China and Russia are already here 😂 most of the population loves Russia. Our President was in China a few days ago. He said he wants closer relationships with China. Economic, cultural, and more. We do not like the USA and we HATE Nato.
Bingo! I am from Northern Italy. China and Russia are already here 😂 most of the population loves Russia. Our President was in China a few days ago. He said he wants closer relationships with China. Economic, cultural, and more. We do not like the USA and we HATE Nat0.
For Europe to join Brics, they would have to lose their Russophobia. Since its baked in, that would be a very difficult thing to do
No Russophobia in Italy ❤
Europe would never join BRICS because Russia is in BRICS.
BRICS would never accept europe because it goes against its purpose of global south supremacy.
And on the flipside, BRICS has never asked for Europe to join it either. Its entire purpose is partly aimed at weakening Europe's influence. This is purely VE being provocative for the sake of views.
In the vdeo he clarifies; not join brics, but establish a brics-like system.
You didn't watch at 4:43?
Eu cannot be trusted
If it can be done, why not. Advantage China.
Thats simple if us close the ports Then EU will search else were. The world is so much bigger then the US nothing to be worried about
Brics wants to use local money back by gold not one country currency.u r wrong.
You guys out of content, or what? 😅
Europe will never be allowed in BRICS even if they were starving to death!
They will
True.
didnt Macron try to get Grance to attend their last meeting?
Eu leaders would lose next election if they joined BRICS but there is chance of backdoor deals
Europe will never enter in that mess😂
Do it we dare you EU
It might happen, especially if the US steps out of the Ukrainian conflict and definitely if it leaves NATO. And honestly, after all the underhanded tactics Trupe promised to use you have it coming.
@@labranehit7687 I really don't think Trump will leave NATO. When he was in office previously, he threatened to do so to get other members to meet their obligations. Now if all of the ideas in the video were put forward by the EU, I could see it happening. Have fun with Russia and eventually China.
@@labranehit7687 As bad as US is, there is no way that EU would view Russia and China as better. Nobody is that dumb.
@@labranehit7687 natos biggest issue is to keep russia out, germany down and the usa in.
If nato crumbles, europe might get freed from the americans yoke and build up freely without american influence.
@@xiphoid2011 it could for china. Look at it this way, if the US stops acting like an ally Europe will have to turn to new partners to survive. I doubt it will be Russia but it could be China. Yes the CCP is horrible and all but if Trump and his government acts like bullies towards Europe... Well what choice is better, the bullie that hits you or the one that actually wants you as a friend. And don't forget, Trump did say this was going to be the last election in America. If that's true China doesn't seem that bad in comparison.
Good question. If anyone can piss Europe off enough, Trump is our man.
BRiCS are qualified Politicians & not Puppet regimes. Any EU has to prove their integrity before BRiCS even consider an application.
Brics countries hate each other. India China 😢😢😢
The EU wouldn't join BRICS, it would challenge it by making it's own where the Euro would be the dominant trade currency, you should have watched the video instead of just reading the title as he's clearly saying "BRICS like" and Euro backed. Obviously there is no way the EU would join a union that would devalue their own currency, which by the way is nearly as strong and stable as the Dollar already.
We in the EU dont join with dictatorships.
BRICS is a lot more than just dictatorship.
Yes.. which might (though I hope not) become a reason to enforce the USA to leave the NATO.
@@maronily BRICS is actually much more than just dictatorships.
We, in BRICS, don't want US puppets to join us
Exactly! If we assume the US won't be a democracy anymore, it would be in our interest, to unite the remaining free world in a united economic Block, in a Opposition to BRICS
In the end , i dont care what Europe does .... As long Europe finally get out of its chare and takes back it place on the top of the economic and military pyramide...... instead of launching around thinking it will be fine
Why do you think "The Military Pyramid" would be desirable, necessary, or wise?
Maybe this is the chance for us to "Grow up" as a species?
unfortunately for you the bible is crystal clear babylon aka the west will never rule again, too much atrocities...and babylon wont even survive the next 10 years...were almost at the end of this age
Europe is way better off without America in their life. Look what's happening to them now following the American policies. Trumpinomics is in no counties best interests, avoid America at all costs.🤷♀️🤷♂️
Russian bot here
@@BOIOLA08ask ASML and the Dutch how great it is to be America’s friend
@@BOIOLA08hello bot
@@ParadoxlnABoxASML was made by American patents
@@millevenon5853 they utilize some American patents, along with others that were developed internally, and others that were developed by other countries. The fact that America is the only country that forces control over any company that utilizes any of its patents is very hegemonic. It backs up joerock’s point about how Europe is better off without America.
The EU should do whatever it needs to do to put Trump's America in its place. (And, I understood your meaning of being not actually joining BRICS, but joining the BRICS thought pattern of replacing the Dollar with another currency.)
Consequences if Global Use of the Dollar Declines:
Economic Impacts:
Reduced Dollar Demand: The U.S. benefits from the dollar's status as the world's primary reserve currency. This status allows the U.S. to borrow at lower interest rates and print currency to finance debt without immediate inflationary pressure. If the dollar lost this status, borrowing costs would rise, potentially leading to higher interest rates and inflation.
Trade Deficit Consequences: The U.S. runs a significant trade deficit, which is easier to sustain when global demand for dollars remains high. A decrease in this demand would force the U.S. to correct this deficit through a mix of reduced imports, increased exports, or economic adjustments.
Financial Markets:
Global Investment Shifts: A decline in demand for U.S. dollars could impact investments in U.S. Treasury bonds and other financial instruments, destabilizing financial markets and possibly leading to a weakened dollar.
Loss of Economic Leverage: The U.S. would have less global financial influence. Countries diversifying away from the dollar could make it harder for the U.S. to enforce economic sanctions and exercise geopolitical power.
it's so funny how Europeans have tariffs on the US but want to throw a tatrum when the US says it'll b=put a tariff on European imports
will it still be funny when former US allies shift towards China instead?
X100
It's not the US "putting a tariff" that is the concern. Some specific and hyper focused tariff to protect a critical local industry is one thing. It is that Trump does not understand economics or how tariff's work and so he wants blanket tariff's on everything which is not strategic, nor is it sound economic decision-making as any decent economist will tell you. It's just by their very nature going to mean that everything gets more expensive.
So there is a difference which is why normal American politicians didn't get emotional that people don't buy American made bendy straws anymore, and instead only buy stupid things like American made fighter jets, or Abrams tanks, or helicopters, or other significantly more advanced manufactured products.
@@Mr.Septon seems like everybody these days wants those “stupid things” from America as you call them. 😎
Last week i bought a crap load of american state obligations, they're called DOGE coins.
thanks!
He's a goddamn traitor to our country.. hopefully we'll come out of this cloud of stench
I think what Europe should attempt, is cooperative trade agreements with the American economies and the BRICS countries economically, But, we should also consider gold (+ other PM's and resources) backed measures, for all international trade. The dollar's extreme debt levels are a huge problem, so it is not suited to continue as the world's "reserve currency". The Euro is a purely political construction, so it's already a problem for EU, as we have widely different economies within the union. Instead currencies should be mainly for internal , and maybe bilateral, use. Energy, precious metals and other resources and productivity, should be backing international settlements, substantially, but the payments could potentially use a suitable cryptocurrency as a formal structure. The most important thing is to separate the political situation and a smoothly functioning exchange of goods, services, information and labour.
The reasons for avoiding politically controlled ways of dealing, should be obvious after what we have seen with the treatment of Russian economic interests after the calamities in Ukraine became acutely palpable, and the way the governments of the western countries have damaged European economies in an unprecedented way.
If space mining ever becomes a thing, gold will drop lower than mid-grade steel.
if u leave us, we will put 100% on all your products coming in to the country
The EUs red tape and lack of cohesion decision making makes this a none starter 🤦🏾♂️
canada to join brics
Let Trump leave Europe……. Please
Taxing foreign products is the confess, that own products are not compettitive - and that will lead to an unwonted, but voluntary exclusion from the market.
Good by America!
I love the video, because almost nobody is talking about this, yet this is a reat bargaining chip Europe can use against the US.
Like most things in economics... it is a double edged sword. Meaning it could also hurt europe as well.
US Treasure Bonds aren't any good anymore, Gold is !
"They don't take our cars..." They take Teslas which are sensibly sized and economical to run. Most US cars won't fit on narrow European roads.
Assets that can make one successful in life
I. Forex
2.Stocks
3.Shares
The USA screwed Europe in the last 3 years (that's why it pays 4 times as much for LNG). Why is Europe still groveling at the USA's feet???
Doesn't Europe have any pride and self-respect?
Did they ever had😂
Western Europe joining BRICS will be as likely as Russia joining NATO.
Saying Chinese institutions are not reliable; how reliable are Western Financial Institutions? Also why are so many countries particularly countries in the global South queuing to join BRICS Plus?
What exactly is the US manufacturing and exporting all over the world, which makes it the number one economy in the world; or is this just another hype?
Russia has expressed interest in doing this long time ago...joining NATO...2003...but was no interess of Western block....today is no possible any more...some of country from Western Europe joining BRICS and they will....gradually the EU will split...
He said in the presentation. The US trade system, basically wallstreet. Selling stocks in companies like Apple and Tesla... also selling govt Bonds and repackaged debt as a banking product.
This is not even a remotely contentious topic. Western financial institutions are the most stable in the world. Most importantly, they act independently of their respective government. That is also why Western countries have some of the best credit ratings in the world. Countries want into the BRICS because there are no obligations and no requirements to join. There is not even an official BRICS charter. Countries are joining BRICS for the same reason countries are joining the British Commonwealth, because there are no real disadvantages. At worst, you get another forum to discuss trade, etc. BRICS is not an anti-Western alliance, as people seem to believe. All BRICS countries except for Russia trade more with the West than they do with each other. Russia is really the only BRICS country that is openly hostile to the West.
But apparently, the Chinese financial system IS unreliable. And it seems that is part of the reason why so many Chinese take their money abroad, they don't trust their own banks 🙃
@JeffPar50 Really? How come Russia got kicked out of the Swift system, if Western institutions act separately from Western Governments? How come Western governments are the only ones backing the ongoing genocide in the Middle East, if their governments act independently from their corporations supplying the weapons/arms?
The West have exposed themselves to the entire world, by showing every one that their Governments, NGOs, Corporations, Institutions, etc., are all the different heads of their debts based system.
BRICS Plus is a system to counter the existing Western Hegemony; by a union of countries who have suffered Western subjugations, colonialism, neocolonialism, exploitations, pillages, and plunders, in the last 200 years, to this very day.
The countries of the Global West outsourcing so much manufacturing and food production was always a bad idea. Our Governments are still trying to destroy family farms in our countries. One really does not have to think to hard about that to come to the conclusion that is a very bad idea. Just as allowing Governments to take our firearms was a bad idea. As policing fails, I think in many countries it already has to some significant extent, our Governments are purposefully ensuring we have no good way to defend ourselves.
Sure... and next video title for even greater clickbait: "WILL THE USA JOIN THE BRICS???" 😱
Common guys, I am starting to reconsider whether this is a serious channel worth following.
How about
"WILL USA dust off "The Big Stick" and fight to try and avoid the inevitable?"
Hit where it hurts the most. i.e., US Service Exports. BRAVO
India, China, now Europe are fighting for their currency to be the next reserve. That it would seem , would cause the same problem eventually. The best answer is a BRICS currency where all members are equal.
It will never happen. Take note of this day.
Equal? 😂
@ one currency that is a BRICS currency, not a single country’s currency. You’re a child.
@@BOIOLA08 When China and Russia became Allie’s, they became more powerful than the US. BRICS filled in for our sanctions against Russia. Our sanctions just opened new markets for China and Russia, and closed markets for the west. We also trashed Europe’s economy by cutting off their main fuel source.
@KellyK-il2bk A basket of currencies backed by precious metals will become the reserve currencies of the world. After the weaponisation of the Dollar against Russia, the world will not accept one currency as the reserve currency again.
It is no matters for Europe to join BRICS, very great welcome to Europe.. we must respect new thing that could assist and bring new changes to this world.. BRICS is proven as a great catalyst for world paradigm
The US has debt and stays offload through a deficit and that their allies buys their bonds …. What if that changed…
American citizens buy their bonds. 80% of American debt is held by the American public.
It goes both ways...
I hope Europe joins BRICs, I don't worry as an American at all.
We don’t want Europe in Brics 😂 🎉
that is not up to you, that is up to China.
@ any founding member can block entry into Brics so it’s not up to china boy 👦
That's not how it is in BRICS FYI. Every member should agree for someone to join.@@thegreatdane3627
Watch your words, sunandabhasson1361, it's a part of Europe that founded that BRICS.
@ which part is that
Corruption and greed peads to tax increase .
Presently the European Union is not in a position to join neither to dissolve. The situation must get worth before improvements may emerge. Then the European Union may wake up.
I think a common currency would depend upon a basket of commodities (wheat, metals, oil) as the "gold" backing.
Alternately, there's always gold.
Also, bilateral currency transactions between two countries, lessening the need for the dollar. Cut out the middleman. From farm to fork finance.
I suspect the dollar is already at 15% in central bank reserve holdings, although the IMF insists its 56%.
Gold might not be the greatest pick once astroid mining becomes a thing, but there are many other commodities that are valuable.
As an Indian, quite frankly I don't think the path to de-dollarisation would ever involve any BRICS member state agreeing to the EU joining the economic alliance. The hegemony is not only held by USA, but much of the Western world
Hard to believe that the majority of americans and trump in particular will understand this presentation.
Both the US and europe need a reality check.
Western empire is falling ….
It all started with the modern rice in neo-Marxism. All part of the plan by the Soviets and CCP, to slowly indoctrinate new generations, and then divide and conquer.
I didn't think that BRICS is ready to include European countries, because BRICS established
to counter western countries hegemony in International affairs. BRICS are mostly composed of Developing or middle or lower income economies. So including European countries in BRICS doesn't make sense.
I love showing these types of videos to my fellow Americans. Been an isolationist my whole life and these videosjustifymy stance. Anyway, only 11% of our economy is exposed to trade. Most of that is within NAFTA. We don't need you. You are all just an inconvenience now.
Bye bye.
Natos biggest issues all across the time were always:
Keep russia out (just)
Keep germany down (unjust)
And
Keep the usa in (fuck that)
@@maronilyGood. Whenever your enemy is at your gates, don't call us.
@@Budget_Prepper
Depends who "we" (Europe) consider "The Enemy"?
This USA prez/elect desperately needs to improve his intellect and economic knowledge when it comes to EU-USA trade. For the past 70 to 80 years, only market economics has existed between the EU and the USA (the biggest allies). And everyone in the both sides of Atlantic buys better quality products at the appropriate price. So the USA does not really produce as many good products as the EU does. Americans freely choose Mercedes, BMW, Champagne, Cognac, Dior, Dutch Cheese, ASML Semiconductors Tech and so on. Even the former leader, Boeing, lost the quality and safety battle against Airbus. If we talk about Coca Cola or Apple products (iPhones and MacBook Pro), Europeans have absolutely no issue - we like it and buy continuously.
P.S. Or if this prez/elect is secretly seeking to destroy NATO (and by extension the USA), then he is saying all sorts of crazy things to cover up his treasonous actions. Greetings!
Attacking Russia through the USA’s proxy war with Russia (using Ukraine) was a terrible mistake by the Europeans. A United Eurasia would’ve been an awesome entity.
Mordor attacked Ukraine first, not the other way around.
Of course russia didn't start this boris 😂😂
@@kronos7110 Mordor is the USA/NATO, they attacked Ukraine in a 2014 coup.
EU is weak and you're shortly going to find out with putin.
@@johnlund2036Mordor is what the old Easter European ussr counties call Russia.
We don't want Europe in bricks
Q; Name any two achievements by BRICS.
Q; Name any European country with the balls.
😂
X100.
Well said 😂
EU doesn't want Euro to become the reserve currency, it's that simple.
I live in a country with aid from Brics. It’s transformative. No kicking out of the Us etc. EUcountry with the balls : no country. 1 politician with knowledge, competence, open mind and balls : Orban. Don’t count on the others to change the tanker. They are not capable of it and they must reach a consensus. Nevertheless : Miracles do happen. I would very much like to hear the pros and cons from Maersheimer, Wolff & co.
Quality of this channel has taken such a dive. Europe join the brics? What on earth are you talking about.
Lol well, if you can have Trump we can make some mischieves too...
EURo had a chance to be a proper reserve currency, but since 2011 when European government decided that they would guarantee bank deposits and countries like Greece, that prospect has failed. It is still great with 20% of all global reserves denominated in EURo as second most used after USD, but it has limited potential to grow as reserve currency due to the above point.
I would be more optimistic about Euro. It is the second currency in the running world wide and Elon is pro destroying the FED, which is a major reason, why USD is so trusted. Now, if trust into US government (because of what happens to the government) and/or the central bank of said country were to cease to exist, what does that mean for adoption of USD for international trade?
@@looseycanonThank you for speaking sense. What EU did was save Greece from collapse and they are still more austere than the US.
Thanks I would had said something like it.
We tried.
Plus EU countries like Denmark voted against euro as our common EU currency and disband our own currency.
So we,( I am Danish). wanted to keep our own currency Dkr.
So we did, with our votes against the euro and thanks common sense for that.
Just to be clear here, I would love to see a strong EU, If EU would be magically turned into a politically unified federated state, we would be second most powerfull. Sitting in GDP and scale between US and China. .... yet culturally and politically we are just a band of tribal mentalitydriven apes unable to agree on basics like energy mix and foreign policy. We probably need a few more generations to merge the culture a little more for that to be politically possible, which is weird for a majority white christian continent to be this non-cooperative today like it is.
@@pellehyltoft7771 If I recall correctly, Danish Krona is fix pegged to Euro with some 2% permissible float...I'm sorry, but that's just having Euro and calling it something else. Also, the referendum was 53,2 to 46,8. That's pretty close to me. On top of that, it's been 24 years. How has the sentiment changed since?
Hungary Slovakia Serbia and Albania join BRICS.
I feel sorry for Ukraine 🇺🇦 😢 … Donald trump is Putin buddy
US will hand over the provinces Putin wants. That's it.
How about....
Maybe Putin has realised the "Winner" over the next decade is BRICS (And/ or China has indicated that he should PLEASE sit down and be quiet to REMOVE excuses for more conflict..... Ya'know, the conflict uSA wants?)
Both currency floating is an experiment for the whole world to think , best is the economy to grow without prejudices of national EGO.
So Europe gonna take Yuan as a reserve? Damn, they gotta be so desperate.
You should watch the video instead of just reading the title. They are talking about an alliance without Russia and with the Euro in its center.
which is never going to happen, cuz we hate dictators more then Americans do apparently.
Enjoy Trump ;)
Euro is aboooout 35x more the worlds reserve than the yuan and half that of the dollar... Ish
They are!
Why do you think China wants the Yuan as the reserve?
Europe should do its best to provide Trump with the consequences of his actions, something America failed to do.
There must be actions first. He has to pass all those , through congress.
The US don’t care what Europe wants remember Vicky nuland Quote F the eu 😂
The EU joining with Russia and china against the USA....This is one of the weirdest scenarios that i have ever heard of
Europe tariffs the heck out of the US, get ready to get what you give..
They don’t buy as many US products. A tariff war hurts Europe more.
It would be more funny if the US join BRICS too.
And euro is weak compared to Yuan.
Compared to the highest point in the past 20 years. The value of Euro dropped by 32% from 1.55 usd to 1.06 usd
And yuan dropped only 15% from .163 usd to .14 usd.
Yuan is clearly a winner in keeping its value, thus a better choice for reserved currency.
the yuan dropped from 0.24 to 0.14 usd and the Euro dropped from 1.12 to 1.06 USD
The yuan is far more volatile
@@tomfurmby88 the highest point of yuan was at 0.163 USD in 2013. when did yuan ever reached 0.24 USD?
and Euro was at 1.56 USD in 2008. and now it's only 1.05 USD.
are you getting your data from an alternative universe?
It’s funny the videos that you guys come up with
Counter question: Can Europe forget their racist colonial ways to join the BRICS? 🤨🧐
Can China? No it can't. It is a colonizer of Tibet and Xinjiang.
Yes. Next question.
Pecunia non olet....
If China solves the North Korea problem, opening the way to a reunification, South Korea will joint BRICS Ina second.
Racist & colonial Russia helped make BRICS.
Russia 🇷🇺 is killing their minorities at the Ukrainian front line, third world peoples are being suckered into coming to Russia 🇷🇺 to die in Ukraine 🇺🇦 or be enslaved in war factories.
Russia’s colonies (ie Alaska) were sold, lost (ie in California), broken off (ie Ukraine 🇺🇦), or being attacked by (ie Ukraine, Georgia, etc.)
China 🇨🇳 has not forgotten their racist colonial ways, yet they helped form BRICS.
Tibet was conquered by China 🇨🇳, they still want to conquer Taiwan 🇹🇼, and they are still committing genocide in East Turkistan.
China has been committing genocide in East Turkistan, as they enslaved survivors to manufacture toxic lithium batteries 🔋
Can BRICS not be racist and colonial in fashion?
The problem with EU joinning BRICS is that they would want to boss around and think they are above the others who also want to join. Brazil, India and South Africa would MAYBE be open to negotiations but Russia and China would not accept this kind of disrespect again.
EU is not trusted to even bothered with thinking of joining the BRICS. With the EU mindset of colonialist idea and geopolitics strategy is too risky and dangerous for them to joined BRICS.
You have no ideea what EU is😂😂😂
@djprojectus It's a colonialist Organization. Joseph Borell said to himself" the EU is the garden, everyone else is the jungle." And it is up to the gardeners to keep the jungle in control.
@@Sammy-n2q No,thats just your wild interpretation🤣🤣🤣
@djprojectus EU is the representation of Woke America/ Trojan Horse. *
German cars are already being made in USA, no tarrifs there. Also Tesla has huge factory in Berlin so it is a EU product. Transportation only add to total cost and is not good for environment.
Don't count on a thoughtful and well planned response from DT.
Why would Europe take American cars? They make better cars!
The "R" in BRICS = Russia 😆 😂🤣
Yes Russia, the roaring revolutionary … ❤🇷🇺
The lease of US bases in Europe just went up 500%
This thought crossed my mind. If the EU could somehow replace Russia in BRICS, Europe and Asia could punish the US and Russia for creating and/or supporting calamity around the world.
It would be a weird alliance but I agree.
Punish Russia for what? They self sufficient anyway .... check what effect your sanctions have on them....
Don't drag us asians into this european nonsense.
@@francisquebachmann7375 I quite like the idea.
Europe + allies and Russia and America can form a clown alliance.
Delusional as usual 😂
France wanted to join BRICS a few months ago is not a brainless water-testing move. ❤❤
Nope we don't want everything European countries okay in BRICs
CIVIL WAR ????❤
usa: "amarica first!"
europe: *looks at china*
usa: "amarica first!"
europe: *looks at china* "at least Xi Jinping sticks to agreements"
It used to be the case that every foreign car, every Toyota and every honda, was a dependable car, but this is not the case anymore. Every car maker, whether it be USA, made, or Toyota or Honda, deliberately makes cars in excellent long-lasting condition for a few years to gain the confidence of the consumer, then later on make cars that will need a lot of repairs so they can pocket a lot of money in parts and labor.
Wtf? No!
wtf would europe need bricks? they got euro
We will survive Trump, America might not.