Brandon - Bro,, really?? 9:10 and you're telling around a million ppl that China holds 2.262t of physical gold?? Bro, c'on. Every man and his dog knows full well that China holds between 32.000 and 40.000 Tons of the Yellow metal. My sources: Jim Rickards - 8 years consultant at the White House during the planning stage for 'Currency Wars'. Alasdair McCloud (Merchant Banker since the dawn of time), Andrew McGuire - international trader and whistle blower to the UK Government and finally Andy Shecktman CEO Miles Franklin and possibly the most aware American on the planet.. much of this gold is classified as Military Assets - so is not required to be reported, plenty is held by the populous in special accounts (meaning the ppl paid - but the PRC hold first title.) . Not only that but for months now China have been paying double market rates for silver dory. Shipping it back from everywhere and anywhere to be refined in China. Now where else this gets interesting - and you didn't pick up on is: WHO IS GOING TO REVALUE GOLD? BRICS - or the ailing country that needs $36T+ to even balance it's books.. The smart money is on a figure around $40.000 per ounce. so that gets Donald off the hook - but then China holds an unassailable position of financial power.
It's the stupid corrupt Government leaders in non-white countries that keep using the white man's money as a reserve currency instead of creating a reserve currency that is owned and controlled by all countries equally. They are the reason why white people keep getting richer while other races remain poor. They need the white man's money, USD, EUR, etc., to develop their countries which keeps them in an inferior position to the white man because they can never become as rich and powerful as the white man while using the white man's money. You can never have more USD and EUR than the people who print/create it.
It's not only about the dollar,it's also concern about the the US bullying,sanction,black mail ,invading other countries,israel etc.the world are done with the US.
@TheLastAirbender3468 you want to side with the side who'll start wars with multiple countries instead? US uses this to deter other countries' waging war.
Theres a reason why smaller countries like SA don’t mind trading and working with Russia. Remember Khadafi? Well he wanted to make an African Union with its own currency and lets just say countries like France who have been and are exploiting Africa and sucking it dry don’t like that. France especially with the CFA systems fan control old colonies and slowly suck resources out and if they dont play along well they get squeezed with sanctions and when that doesnt work then france applies military pressure as it occupies all these countries. The US does that globally and without china and Russia having nuclear deterrents the US would just come and on and threaten to invade if they dont comply… of course they never do it directly, like Irak they’ll make something up, invade and then burry the truth… their allies will follow cause they are complicit and of there are retaliations like 911 they’ll spin that into more excuses to invade more countries. I mean everyone across the world knows Bush lied about Irak to invade and yet there are no repercussion… they want to take Putin to international court for Ukraine bur Bush just got away with it… I remember my history teacher saying « never forget history is written by the victors » in other words those who have power get to dictate the narratives and the truth… well that might as well have never existed
Brazil hasn't been a major US trade partner for years. We had the first CBDC, the Brazilian Real. We can literally ditch the dollar overnight if we want, since the US only represents about 4% of our trade. Trading with China is much better, since they don't patronize us or use debt to push their greedy agendas.
@@thebosstuna se acreditas no que acabaste de escrever, então começo a perceber porque muitos emigrantes brasileiros aqui em Portugal dizem que o Brasil está perdido... 😅
Ditching the dollar is the worst thing you can do though especially when Russia's economy is on a decline and the Chinese have been stagnant while SA itself has been in not a good state for a while this we'll just exacerbate problems
You lot don't get it for any alternative currency to replace the usd it has to have acceptance globally. Majority of countries would rather trust USA with their issue than Chinese despots
Iran, Egypt, Ethiopia and the UAE are now officially BRICS members. Not to mention the litany of nations that have applied for BRICS membership including Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam. Update*...9 new nations have officially been added on Jan. 1, 2025..👊🏽💯
Yeah that's a real Murderer's Row of powerhouse economies to take on the USD.... Most of those are either basket case economies, or are economies the size of a single WalMart store. They don't have sufficient economic power or influence to make even a blip on the volume of USD-based global transactions. Nor do they produce enough amongst themselves to support a 21st century economy without eventually needing to buy from the US or USD-based economies in order to survive.
BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800K.
My CFA Annette Christine Conte 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
I realised mainstream media goal is to keep us stupid or they are stupid on geopolitics. I don't watch mainstream media anymore every since I realised how biased it is against Palestine and no discussion on real world events
You have proof they ordered it to be done like that? I don’t 100% disagree with you. You see it in the U.S. media too. Last couple nights they’d rather talk about a vagabond who shot a ceo as the first news story of the night, not Syria, but some D bag.
Because all of those countries are either run by a dictator or have an enormous population under the poverty line and some of the lowest per capita GDPs. They aren't trusted any more than nato countries nor do they have the power to really compete economically with the US, EU, and Commonwealth. They are very reliant on us and us on them.
All these BRICS countries need to start paying the USA for the security the USA provides for their ships that are carrying goods to other countries across the high seas......NO country in the world pays for the security the USA provides which costs the USA tax payer $$$$$billions to provide the USA NAVY every year, which provides security so all ships are safe from pirates......all the USA has to do is not provide any security for ships that don't use the dollar and pirates will immediately start highjacking ships and as soon as that happens insurance companies will stop insuring ships which aren't protected and this will immediately stop those ships from sailing anywhwre.....so have a nice day and start paying the USA for security on the high seas or keep the dollar as your reserve currency which pays for security of your ships on the high seas.....
It’s interesting to see how different economic blocs are striving for growth and stability. BRICS is rising by forming strategic alliances, boosting economic cooperation, and supporting one another to build a more self-reliant and less dollar-dependent network. A smart move toward greater global influence!
ALL for one and ONE for all is a key to surviving and thriving; why not strive to pull each other up higher and higher instead of gouging your neighbor to enrich yourself; how about BRICS adopting a NATO type economic policy
Not only BRICS, but the whole world is also fed up with the US sanctions. That is exactly why almost every country except maybe only a small group of US allies will continue to use it. BRICS is now having 9 permanent members with 13 more partner countries. No more 5 countries and will continue to grow very fast.
Well, basically our country now is trump. Truth be known, everybody hates trump, and everybody except the people we help with genocide hate us. OK, Israel hates us too, but they really, really like our bombs.
Don't forget, Libya tried to replace the petro-dollar with an African currency that would have actually been backed by their gold reserves, look how it turned out for them, hopefully the BRICS countries alliance is large enough to withstand US "democracy building interventions" or however they're phrasing regime changes in foreign countries nowadays.
US have no power to intervene in countries like China. US now is a paper tiger with paper teeth. Most people in the world have realized this except people of western world.
I think it's just a direction people want to head. the trading currency no longer denominated by US dollar so that when the rest the world work their arse off to put bread on the table, US cant just print money and does the same.
One aspect I think you missed is the return of all those dollars to the US. As they ditch the dollar, that currency is going to flood back, potentially creating hyper inflation in the US. Only one or two outlets have spoken about this - Peter Schiff has continually warned of it.
Incorrect. They won't just dump the US dollar. They will spend it. They will use it to buy gold and other assets. This will temporarily increase the global USD economy like a stimulus. It will only get a bad hit if they then stop using the US currency entirely. But if they keep doing trade with the USA and SWIFT economies using both the BRICS system and the established swift western system then we still won't see a big impact. Only when they entirely ditch the SWIFT system will we see a ripple. And most countries like India and Brazil won't do that. As they will play both sides to their advantage. China likely can't even ditch the USD anytime soon. They've been trying for decades but still it make sup 60%+ of the backing behind their currency.
Yeah that's not how that works. Those dollars don't just flood straight back into the economy, and none of those BRIC nations can afford to withdraw from the global economy regardless. We're just trading dollars to whatever they want to call their money, it's not coming back.
I once noted the clickbait thumbnails on the channel and you invited us to notify you if one believed it became too clickbaity. “They’re out” with BRICS-leaders on the front indicates that BRICS have undertaken drastic action to fully divest from the US dollar which they now completed, thus “they’re out”, which is in fact misleading.
China could just stop sending anything to the usa. All our cars are made by china the inside every car on the road .tvs phones computers Just the name a few things They could drop our dollar value just by stop sending usa stuff they also be hurt but nevertheless they have the bricks to sell to still as Americans are going to really be hurt over this . The chinese have made products for America's betting are life's so why a trade war it's as if a Waiter bring your food that you order an u puch him not good
Just remember money isn’t as important as Goods and services, so as long as these BRICS countries have the good in services to survive. they wont need the U.S dollar. Money is only valuable when we all agree that it is (governments).
that does not work because China's whole economy is tied to the US if the US cut trading and ship all there jobs back China will fall they already sitting on a housing crisis. not to mention China can't be trusted to not lie.
We needed this BRICS payment system years ago, so the US could not punish countries for not following their beliefs or governance and so these countries can prosper not only the US and UK for their hegemonies that helped no other countries except their own
Hold up there bro, if you not be suckers taking our IOU's, how the hell we going to survive?, we don't make nothing but bombs here...please, please keep taking our worthless debt...
It's not true - only China and Russia say that for political reasons Other countries use local currencies only to deal with countries that don't have enough dollars and only if it's absolutely needed
Yea this is perfect, they waited until way to long. This would ne the equvilant of being at a party and waiting until security turns up to start acting a fool. Good luck.
@sujitbonthala8688 lmao it's not even close to the future... These bric countries will collapse economically divorced from the dollar, and then the US will allow them back in and the US will own them economically.
Oil from Saudi and other countries is no longer priced in dollars but local currencies. The major hit on the dollar is not coming from countries ending trading in dollars but selling off their US financial assets like Treasuries. This reduces the market for these assets that the US Treasury must find buyers for to fund its debt and if there are fewer buyer they have to offer higher interest rates that increases the interest payments on that , currently stand near 1one trillion dollars annually. It is not just BRICS countries that are moving out of the dollar but European ones and other US allies like Japan and South Korea who see that holding in US debt there is is a high a risk of default and they are also removing their gold reserves held by the Fed. This trend has been accelerated by Trump's threat of sanctions against any country that stops using the dollar but with the Global South countries able to trade in their own currencies via BRICS and borrow from the BRICS Development Bank and repay in their own currency rather than in dollars from the World Bank they are ra[idly switching to BRICS and it will not be reversed whatever Trump thinks he can do. Even EU countries like France want to join BRICS and London already trades Yuan and has done for some years.
@@konfunable Dollar value has crashed 20% in two years. Don't measure dollars against other currencies. That would be foolish. Measure dollars against gold and see how your charts look.
The broken countries do. Russia is a dictatorship at war with nato and basically just an oil state. China manipulates their currency value and both are having severe economic issues weighing heavily on them.
@@imunfathomable But the USA doesnt have severe economy issues weighing heavily on them? Like a 35 trillion national debt that doubles in just 8 years, making a sixth of government payments for interrest alone, while most of its value comes from the fact it's the reserve currency in the first place? Man the US is heavily reliant on that last part to be of any worth whatsoever lol. No country is perfect tho.
@@Yamyatos if you own a house worth $300,000 earned $33,000 a year and had a debt of $35,000 you also controlled how much your own bank account reads and the people who owned your debt relied on your very existence were still very much ok buying more debt - are you in a bad position? No.
People in hell want ice water, good luck. The USD is predominant cuz the US is basically a bank with the largest military on the planet and nuclear weapons. The only way the world reserve currency would change is if fundamental confidence in the US military's ability to maintain economic stability goes away. No other country has the same network of economic, social and military relationships that the US has and is able to exploit. Xi has tried to shake things up with the BRI but that's been an unimpressive failure to date and hasn't allowed China to accrue the kind of international economic and military relationships needed to energize their economy, let alone their client states (all of which hate China's usurious conditions for their economic support). China's economy is itself moribund due to its central planning and overreliance on real estate and EV overproduction. Russia has proven itself to be comically incompetent economically and militarily. Putin's setting himself up to either eat a bullet or be defenestrated himself. India will be wrestling with trying to bring it's own population under control and into the 21st century for decades before it has a realistic chance to exert anything beyond regional influence. Brazil is a basket case. Iran is a regional power at best, even with nuclear weapons, and neither it nor any arab country will be able to exert anything beyond border-level military influence for the forseeable future. The iran-iraq war was like two blindfolded one-armed epileptics duking it out in a burlap sack. They'll never exert any influence outside the middle east.
This has been needed for a long time. America as 'the worlds policeman' has long been America as 'the worlds bully'. I doubt the world will have long to wait until 'the worlds bully' strikes back, using its military.
The world's bully only can built that military because the world use the dollar. The world must break free and stop using dollars!! Is the only way to stop the weapons production!!
Trump: if you set up a BRICS money exchange system I’ll hit your countries with 100% tariffs BRICS: ok and we’ll retaliate with 100% tariffs back. The USA will suffer from high domestic inflation and vanishing exports and become economically isolated from the world. Meanwhile BRICS gets its independence from US control and continues trade per usual with the world minus 1 country. This sounds like a no brainer for BRICS. Don thinks he’s a good negotiator 😂
DONT BELIEVE THE HYPE!! Those Brics are gonna Crash as soon as TRUMP TAKES OFFICE!! Those Tarriffs are gonna get the Dollar back where it belongs ... ON TOP!! Don't fall for the Scam
We won't retaliate with tariffs. The western citizens might as well pay more for our goods, they've been spoiled for too long. We'll keep buying your high tech without tariffs, wich will finally bring about power to the people. Only 20% of the world benefits from capitalism. BRICS is the 80%. Tariffs will literally make the rich pay more and the poor pay less. Thank you Trump for redistributing western wealth to the Global South!
I know you are optimistic, but it doesn't quite work that way. we are all connected. even if our money is not. purely because we exist on the same planet. if something economically goes on in one country, others feel it.
America "We are only going to look after purely our own interests" America "How dare you abandon us" If you have control and dominance it will be taken from you if you abandon the rest of the world..
No invention would benefit the world of man Will exist 'til I got the money in my hand World bank, interest rate destroyed on the spot But I'm a gangster! you gon' take my money like it or not!
@@badyoutuber1986 The United States has been looking after their own interest and failing at it. Nobody told you fools to fight two wars for over 20 years. Nobody told you fools to base your currency off debt. The world shouldn't pay for your mistakes.
@@badyoutuber1986 You got it backwards. USA is getting more stuff from the rest of the world then they provide, but that imbalance have been propped up by US dollar being the world trade currency and that prevents it from losing value. If the dollar is decoupled from world trade then USA will have to actually pay for the stuff they want from others.
Thank you for your videos mate.... With Trump's presidency, economic shifts are expected to be significant, especially given the current recession and the potential impact of future rate cuts. Although rate cuts might not boost inflation as hoped, they may lead banks to further restrict consumer and corporate lending, contributing to a deflationary period for various assets. This environment could result in declining stock values, retail and housing sales, and rising unemployment due to layoffs. For investors, a diversified portfolio especially with stocks and cryptocurrencies offers some protection, serving as a hedge amid volatility. Both long- and short-term trading strategies can help manage risks, providing stability as markets adjust. I have managed to grow a nest egg of around 130k to a decent 732k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.
All these BRICS countries need to start paying the USA for the security the USA provides for their ships that are carrying goods to other countries across the high seas......NO country in the world pays for the security the USA provides which costs the USA tax payer $$$$$billions to provide the USA NAVY every year, which provides security so all ships are safe from pirates......all the USA has to do is not provide any security for ships that don't use the dollar and pirates will immediately start highjacking ships and as soon as that happens insurance companies will stop insuring ships which aren't protected and this will immediately stop those ships from sailing anywhwre.....so have a nice day and start paying the USA for security on the high seas or keep the dollar as your reserve currency which pays for security of your ships on the high seas.....
"As of November 2024, China's foreign exchange reserves totaled US$3.265 trillion, which is the highest foreign exchange reserves of any country." Russia's reserves "630 billion U.S. dollars"
@@brianlowe3529 Gold is great. Its hard to make payments with. No one in BRICS trusts each other enough to have a common gold reserve. BTC? That might be more likely.
Remember when Muammar Khadafi said he wanted to be paid in gold for his oil. He was right, the us dollar is worthless and he was going to use it to wipe his butt. The empire is falling apart. 😂
@filippxx Khadafi is not a success story, before you make comments do some research ok. At the grassroots level the people on this planet despise the US. That is a fact.
People have been saying america will fall apart for forever, since the beginning of our country. Shut up. Whether you like it or not the US isn’t going.
All we can say is "good luck kids" to the BRICS countries. Replacing the USD as the world's reserve currency is no trivial exercise & will require it's members to agree on every decision that gets made. Given the competing global ambitions of its members, good luck with that. And that's just one of a myriad of issues that would need to be dealt with.
I really wish good luck at brics countries. And I will support them when the brics currency apears. The world have to break free from the claws ot the U. S.
All I can say is "Good luck" to the US. Trump is going to force the rest of the world to co-operate and isolate the US. All of the best and hope you survive the insanity and incompetence.
Thanks for the valuable insight, I also appreciate your studio, the black background is a nice touch that keeps the focus on the presenter and discussion. 👌💪
No its not funny, european central bank is owned by the same people who own the federal reserve same as the UK uses the Pound but that too is owned by the same people. Massive con been running for year, some say hundreds of years. Hope BRICS is a success, with Russia China and Africa involved it can not fail
It’s because the Europeans countries actually have fairly aligned interests and can coordinate/cooperate. Most of the other countries are ruled by authoritarians and don’t like giving up any perceived power even if it’s in their benefit
It is not significant at all. This guy does not even understand the did ference between SWIFT and Dollar. They have nothing in common. This whole video is just hot air. Bricks are not going to have their currency. There is China and then nobody else matters in BRICKS.
@@ekincorvus8904 Nope. I actually prefer Euro to become the dominant currency. Sadly, Dollar is as strong as ever and there is absolutely no currency in the world which could come close.
As an Egyptian who is living abroad, I see how much relying on the dollar for all international transactions can be dangerous. Simply put the dollar is too EXPENSIVE for us. (We don’t have any problem with the us gouvernment, we don’t have any sanctions, oh contrary, usa provides us with a generous military aid every year). We need to import plenty of needed resources from other countries other than the US. Like Russia for wheat to make bread. There is no reason to make that specific transection in us dollar. It’s just too expensive and why should we? We have plenty of debt to pay already in us dollars and every quarter the government is scrambling to be able to pay back the debt in dollars to the IMF and our economy is tanking, devaluating our currency and becoming poorer everyday.
@@oscarpaulse3578I'm from a former British colony but don't necessarily agree with your comment. Not all artifacts in the London History Museum (LHM) were stolen. Many were bought legitimately or were gifted. The LHM is centered in a global city and is free to enter. This allows millions of people to see these artifacts and learn from the histories and cultures they represent. The LHM also does a fantastic job preserving them. There are questionable cases, like the Greek Marbles, where items were shipped there for "restoration and safe keeping" and were never returned. It's grey because these pieces would likely have been destroyed and completely lost to time. But at the same time, they can now be displayed safely at the Athens Acropolis Museum. Also, the Rosetta Stone. The French uncovered it by accident, but they handed it to the British as part of a surrender deal. This stone was later used at the LHM to decipher ancient Egyptian hieroglyphics and, as a result, is potentially the most significant archeological find in history. Should the LHS be allowed to keep it? After all, if they didn't find it, it would've just been another stone hidden in desert sands and Egyptian hieroglyphics would still just be doodles on ruins. Now, i get the "principle" of returning items back to their historical home. But if that means it goes back to a place where it may be damaged, kept hidden in an oligarch's store room, or even sold on the black market.. is that right?
@@oscarpaulse3578 Yes are you gonna go and take it back Rambo? Good luck with that, the UK could destroy the entire BRICS military in a matter of hours if they wanted
The volume of oil sales doesnt mean that Russia is not hurting. Since both China & India know there are no other countries that want to buy Russian oil, they can get a considerable discount. The West doednt want Russia to not sell oil, but to earn less while still providing the world economy with enough oil.
@@prophetseven728 Loss of profits? Maybe, but its better than no income and they are selling at massive quanty. Just 500k barrels few than they did before war. So I dont think its a big hit that would destroy them.
Great! Those BRICS countries should really use alternative currency for global trade, and hopefully make the USD go home More USD going home, more inflation for US citizens
I woke up, but while I'm not a huge fan of the US hegemony and their system, I'm not very happy about a bunch of authoritarian, fundamentalist or outright neo-fascist countries get better position on global scale. That's like going from bad to worse.
@@enlightenedterrestrialThe USA is basically neo-fascist. It invades countries across the globe and demonizes the enemy. The country is basically ruled by oligarchs, not much better then the rest.
The world communities are ditching, derisking and dedollaring the dollar, a matter of time usa no longer can weaponised their dollar and in due course dollar will be irrelevant in cross border trading, hence reduce the value of dollar fiat currency
when we become so electronic-based it seems odd that stated currency is so important. but being the conduit to transact the currency does make it relevant, I suppose... but the chinese/russian trade is primarily in yuan. the brics pay card is supported by disappearing ruble and endangered yuan. their lucky buy-in was UAE. not saying an alternate to USD/Swift is bad, but the players at the table are mostly holding Monopoly money.
I grew up believing the USA was the good guy keeping us all safe. Six decades later I'm super pissed off to find out how mislead I was. I guess if the US likes something, it's because it can be used to push other nations around. Well done doing a great job of describing this.
I think trust and transparency between nations is a huge factor in how strong and how well a currency performs. Looking at the characters above, i don't think it's going to worry the USD any time soon.
I live inside a usa dollar market. But im all for bricks. The world needs to be free. Equal trades. We are all people a dude in africa or in Asia deserves the same opportunity as one in the usa.
It’s not so much the currency as a weapon, it’s the weapons behind the currency that gives our dollar power. Everyone is sick of America unless they need protecting. More and more I hear Ausies get a little base in their voice talking about America like we do t protect them too😂😂😂😂😂😂😂
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Please sign me up
Brandon - Bro,, really?? 9:10 and you're telling around a million ppl that China holds 2.262t of physical gold?? Bro, c'on. Every man and his dog knows full well that China holds between 32.000 and 40.000 Tons of the Yellow metal. My sources: Jim Rickards - 8 years consultant at the White House during the planning stage for 'Currency Wars'. Alasdair McCloud (Merchant Banker since the dawn of time), Andrew McGuire - international trader and whistle blower to the UK Government and finally Andy Shecktman CEO Miles Franklin and possibly the most aware American on the planet.. much of this gold is classified as Military Assets - so is not required to be reported, plenty is held by the populous in special accounts (meaning the ppl paid - but the PRC hold first title.) . Not only that but for months now China have been paying double market rates for silver dory. Shipping it back from everywhere and anywhere to be refined in China. Now where else this gets interesting - and you didn't pick up on is: WHO IS GOING TO REVALUE GOLD? BRICS - or the ailing country that needs $36T+ to even balance it's books.. The smart money is on a figure around $40.000 per ounce. so that gets Donald off the hook - but then China holds an unassailable position of financial power.
Nope, they should pay me for the use of my email
It's the stupid corrupt Government leaders in non-white countries that keep using the white man's money as a reserve currency instead of creating a reserve currency that is owned and controlled by all countries equally. They are the reason why white people keep getting richer while other races remain poor. They need the white man's money, USD, EUR, etc., to develop their countries which keeps them in an inferior position to the white man because they can never become as rich and powerful as the white man while using the white man's money. You can never have more USD and EUR than the people who print/create it.
It's not only about the dollar,it's also concern about the the US bullying,sanction,black mail ,invading other countries,israel etc.the world are done with the US.
For not paying your 2 percent? 😂😂😂
The world is finally standing against the obnoxious demon trying to control everyone
And brics will fail. Just wait
@TheLastAirbender3468 you want to side with the side who'll start wars with multiple countries instead? US uses this to deter other countries' waging war.
Theres a reason why smaller countries like SA don’t mind trading and working with Russia. Remember Khadafi? Well he wanted to make an African Union with its own currency and lets just say countries like France who have been and are exploiting Africa and sucking it dry don’t like that. France especially with the CFA systems fan control old colonies and slowly suck resources out and if they dont play along well they get squeezed with sanctions and when that doesnt work then france applies military pressure as it occupies all these countries. The US does that globally and without china and Russia having nuclear deterrents the US would just come and on and threaten to invade if they dont comply… of course they never do it directly, like Irak they’ll make something up, invade and then burry the truth… their allies will follow cause they are complicit and of there are retaliations like 911 they’ll spin that into more excuses to invade more countries. I mean everyone across the world knows Bush lied about Irak to invade and yet there are no repercussion… they want to take Putin to international court for Ukraine bur Bush just got away with it… I remember my history teacher saying « never forget history is written by the victors » in other words those who have power get to dictate the narratives and the truth… well that might as well have never existed
Title "..just ditched the dollar"
Description: ".. ARE ditching the dollar"
Big difference.
Brazil hasn't been a major US trade partner for years. We had the first CBDC, the Brazilian Real. We can literally ditch the dollar overnight if we want, since the US only represents about 4% of our trade. Trading with China is much better, since they don't patronize us or use debt to push their greedy agendas.
Thank u
Made you click didn't it? 😂
@@thebosstuna LMAO and somehow "china is threat to global peace?" more like usa is the threat
@@thebosstuna se acreditas no que acabaste de escrever, então começo a perceber porque muitos emigrantes brasileiros aqui em Portugal dizem que o Brasil está perdido... 😅
Im a South African. I can't wait to see it. Our people are waking up
Yes bother we will be the top country's now.
Love brics
You and the "brothas" can't even sustain the infrastructure that was left to you. It's all falling apart.
@@TheNameOfThechrist South Africa is a shit house any way you slice it. Why are it's citizens trying to leave. People don't leave top countries!
@@TheNameOfThechrist - welcome to the BRICS year. Big ups from BR.
Ditching the dollar is the worst thing you can do though especially when Russia's economy is on a decline and the Chinese have been stagnant while SA itself has been in not a good state for a while this we'll just exacerbate problems
I'm from Brasil and I hope we create a BRICS currency soon 🙌🏾
I hope so too 👍🏻
Me too. And this is not hating the US. But it's a matter of justice. The dolar fluctuations are really hurting our economies.
Bora
Can you stomach USA sanctions ha ha
You lot don't get it for any alternative currency to replace the usd it has to have acceptance globally. Majority of countries would rather trust USA with their issue than Chinese despots
Iran, Egypt, Ethiopia and the UAE are now officially BRICS members. Not to mention the litany of nations that have applied for BRICS membership including Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam.
Update*...9 new nations have officially been added on Jan. 1, 2025..👊🏽💯
Yeah that's a real Murderer's Row of powerhouse economies to take on the USD....
Most of those are either basket case economies, or are economies the size of a single WalMart store. They don't have sufficient economic power or influence to make even a blip on the volume of USD-based global transactions. Nor do they produce enough amongst themselves to support a 21st century economy without eventually needing to buy from the US or USD-based economies in order to survive.
Most of those countries are broke. It will not even matter.
And? The US is unfazed 😂
@@Rayzeoit was unfazed 20 years ago about EV, China's economic growth, Russia military now oopsy
@@richardacevedo280 India, Russia and certainly China are not fiending for u.s. "technology"..🤣😅. You're Hilarious.
BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800K.
@@jerrycampbell-ut9yf this is inspiring . and your gains are impressive . who is this planner you speak of , and how I reach out?
@@jerrycampbell-ut9yf Impressive can you share more info?
My CFA Annette Christine Conte 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
Funny thing is we hardly ever heard BRICS in Australian mainstream media as if they are trying to minimize it
I realised mainstream media goal is to keep us stupid or they are stupid on geopolitics. I don't watch mainstream media anymore every since I realised how biased it is against Palestine and no discussion on real world events
Not only in your country. The government of the US ordered to be done like this...
You have proof they ordered it to be done like that? I don’t 100% disagree with you. You see it in the U.S. media too. Last couple nights they’d rather talk about a vagabond who shot a ceo as the first news story of the night, not Syria, but some D bag.
Both Albo & Dutton are mindless shills
Because all of those countries are either run by a dictator or have an enormous population under the poverty line and some of the lowest per capita GDPs. They aren't trusted any more than nato countries nor do they have the power to really compete economically with the US, EU, and Commonwealth. They are very reliant on us and us on them.
BRICS ditching the dollar feels like the ultimate 'unsubscribe' from the US economy. Who knew geopolitics had a cancel button? 😂
US war in Iraq and Afghanistan really messed them up bad
untill now cancel ment war...
Lol
even now Syria also its never ending misuse of powers innit@@Z5100-k7t
All these BRICS countries need to start paying the USA for the security the USA provides for their ships that are carrying goods to other countries across the high seas......NO country in the world pays for the security the USA provides which costs the USA tax payer $$$$$billions to provide the USA NAVY every year, which provides security so all ships are safe from pirates......all the USA has to do is not provide any security for ships that don't use the dollar and pirates will immediately start highjacking ships and as soon as that happens insurance companies will stop insuring ships which aren't protected and this will immediately stop those ships from sailing anywhwre.....so have a nice day and start paying the USA for security on the high seas or keep the dollar as your reserve currency which pays for security of your ships on the high seas.....
It’s interesting to see how different economic blocs are striving for growth and stability. BRICS is rising by forming strategic alliances, boosting economic cooperation, and supporting one another to build a more self-reliant and less dollar-dependent network. A smart move toward greater global influence!
ALL for one and ONE for all is a key to surviving and thriving; why not strive to pull each other up higher and higher instead of gouging your neighbor to enrich yourself; how about BRICS adopting a NATO type economic policy
US needs to understand that they are just like normal other countries, they can't treat other countries as their slaves. BRICKS great initiative.
That's why the US needs to ban most people from coming to the US. Their country is the same as the US, so why come here? GTFO.
lol this proves u have 0 knowledge baout eonomics
Not only BRICS, but the whole world is also fed up with the US sanctions. That is exactly why almost every country except maybe only a small group of US allies will continue to use it.
BRICS is now having 9 permanent members with 13 more partner countries. No more 5 countries and will continue to grow very fast.
❤Precisely
Broke countries though. America does not need them.
Wait, so you’d rather a Russian payment system than an American one?
@@scattermish Why not? At least you won't wake up one day and get sanctioned.
@@scattermishit's not a Russian payment system, but rather a different payment system that the brics countries create together
I’ve been saying it since 2005. One day the world will get tired of our crap and no one will come to save us.
Well, basically our country now is trump. Truth be known, everybody hates trump, and everybody except the people we help with genocide hate us. OK, Israel hates us too, but they really, really like our bombs.
Yeah sure, we can go back to conventional war methods then if sanctions fail.
And then the real evil will begin
Do you think Trump can save the country?
@@Lou-bn2yd😂😂😂no
Don't forget, Libya tried to replace the petro-dollar with an African currency that would have actually been backed by their gold reserves, look how it turned out for them, hopefully the BRICS countries alliance is large enough to withstand US "democracy building interventions" or however they're phrasing regime changes in foreign countries nowadays.
America can’t take over 100 countries tho lol
BRICS economies are bigger than US.....and they regard the US as an enemy., which is true
Yaa like the US can handle Russia, China and India together 😂
US have no power to intervene in countries like China. US now is a paper tiger with paper teeth. Most people in the world have realized this except people of western world.
I think it's just a direction people want to head. the trading currency no longer denominated by US dollar so that when the rest the world work their arse off to put bread on the table, US cant just print money and does the same.
Its a new dawn ,thank heavens for BRICS ,we are tired of bullying
It's ok, you are going to be tired of starving soon with BRICS.
One aspect I think you missed is the return of all those dollars to the US. As they ditch the dollar, that currency is going to flood back, potentially creating hyper inflation in the US. Only one or two outlets have spoken about this - Peter Schiff has continually warned of it.
Incorrect. They won't just dump the US dollar. They will spend it. They will use it to buy gold and other assets. This will temporarily increase the global USD economy like a stimulus. It will only get a bad hit if they then stop using the US currency entirely. But if they keep doing trade with the USA and SWIFT economies using both the BRICS system and the established swift western system then we still won't see a big impact. Only when they entirely ditch the SWIFT system will we see a ripple. And most countries like India and Brazil won't do that. As they will play both sides to their advantage. China likely can't even ditch the USD anytime soon. They've been trying for decades but still it make sup 60%+ of the backing behind their currency.
Yeah that's not how that works. Those dollars don't just flood straight back into the economy, and none of those BRIC nations can afford to withdraw from the global economy regardless. We're just trading dollars to whatever they want to call their money, it's not coming back.
I once noted the clickbait thumbnails on the channel and you invited us to notify you if one believed it became too clickbaity.
“They’re out” with BRICS-leaders on the front indicates that BRICS have undertaken drastic action to fully divest from the US dollar which they now completed, thus “they’re out”, which is in fact misleading.
Word inflation, title inflation, thumbnail inflation. It seems to be everywhere.
Saying "They ditched the US Dollar" when they didn't is clickbaity too.
@@johnedelmann6711Which is why I listened to the whole video. Click bait for sure.
It will take decades to actually ditch the dollar. As it is now they still highly depend on these reserves.
China could just stop sending anything to the usa. All our cars are made by china the inside every car on the road .tvs phones computers Just the name a few things They could drop our dollar value just by stop sending usa stuff they also be hurt but nevertheless they have the bricks to sell to still as Americans are going to really be hurt over this . The chinese have made products for America's betting are life's so why a trade war it's as if a Waiter bring your food that you order an u puch him not good
Just remember money isn’t as important as Goods and services, so as long as these BRICS countries have the good in services to survive. they wont need the U.S dollar. Money is only valuable when we all agree that it is (governments).
They should never get involved with the US dollar but just drop it and make transactions with their own currencies!
that does not work because China's whole economy is tied to the US if the US cut trading and ship all there jobs back China will fall they already sitting on a housing crisis. not to mention China can't be trusted to not lie.
They will need USD$, not 100% its reduce dependency of USD$ as a international currency.
@@Humblyguided once alternatives to Swift are up and adopted, US will become just another national currency.
The USA imports 400Billon dollars Of goods from China That is why they are using China as the "production" country
We needed this BRICS payment system years ago, so the US could not punish countries for not following their beliefs or governance and so these countries can prosper not only the US and UK for their hegemonies that helped no other countries except their own
Hold up there bro, if you not be suckers taking our IOU's, how the hell we going to survive?, we don't make nothing but bombs here...please, please keep taking our worthless debt...
So russia can invade ukraine with no sanctions yay
Trump: Ditch the dollar, and you'll see 100% tariffs. BRICS: Hold my beer.
Who pays the tariff?
Nah BRICS can’t avoid the dollar no matter how hard they try for several reasons not discussed on this video
It's not true - only China and Russia say that for political reasons
Other countries use local currencies only to deal with countries that don't have enough dollars and only if it's absolutely needed
Yea this is perfect, they waited until way to long.
This would ne the equvilant of being at a party and waiting until security turns up to start acting a fool.
Good luck.
Digging his own graveyard.
Love this topic on BRICS, it doesn't get covered enough. Great job! More of this please and thank you!
It's like watching cartoons.
@fernandoalegria4240 Nah de-dollarization is the future bro, it’s the truth
@sujitbonthala8688 lmao it's not even close to the future...
These bric countries will collapse economically divorced from the dollar, and then the US will allow them back in and the US will own them economically.
It’s so important for the brics to hold together and tie up because then the USA the transgender will fall.
@@sujitbonthala8688 he is another homeless from America
As an American I condone this. When we've gotten to the point that we can just print money on a whim....then the currency doesn't have much value.
Biden weakness yet Americans voted for Harris from Australia
Trump printed that money. Guess you forgot that part.
Same problem here in Canada, our dollar is worthless.
You condone it, why?
@@charlesthomas8748 Your elections are rigged or Amercans did vote for Harris and if they did just goes to show how stupid yanks really are
Thank you for your easy understanding of the subject. Job well done.
Oil from Saudi and other countries is no longer priced in dollars but local currencies. The major hit on the dollar is not coming from countries ending trading in dollars but selling off their US financial assets like Treasuries. This reduces the market for these assets that the US Treasury must find buyers for to fund its debt and if there are fewer buyer they have to offer higher interest rates that increases the interest payments on that , currently stand near 1one trillion dollars annually. It is not just BRICS countries that are moving out of the dollar but European ones and other US allies like Japan and South Korea who see that holding in US debt there is is a high a risk of default and they are also removing their gold reserves held by the Fed. This trend has been accelerated by Trump's threat of sanctions against any country that stops using the dollar but with the Global South countries able to trade in their own currencies via BRICS and borrow from the BRICS Development Bank and repay in their own currency rather than in dollars from the World Bank they are ra[idly switching to BRICS and it will not be reversed whatever Trump thinks he can do. Even EU countries like France want to join BRICS and London already trades Yuan and has done for some years.
Lol. Nobody except Russia sells dollars. Dollar value is rising, so keep dreaming.
fake news. it's still priced in USD. DYOR.
@@konfunable Dollar value has crashed 20% in two years. Don't measure dollars against other currencies. That would be foolish. Measure dollars against gold and see how your charts look.
@@sandrachambers806yea, you are using it feel it by yourself, do you feel it get higher or lower when you buy things now.
Trump is like a painter who paints himself into a corner. The dollar will only be good for Americans.
He doesn't mention the US takes a 3% surcharge on any US dollar transaction. Just that alone will make a lot of countries join BRICS.
Not much of a surprise that countries want alternatives.
The broken countries do. Russia is a dictatorship at war with nato and basically just an oil state. China manipulates their currency value and both are having severe economic issues weighing heavily on them.
@@imunfathomable But the USA doesnt have severe economy issues weighing heavily on them? Like a 35 trillion national debt that doubles in just 8 years, making a sixth of government payments for interrest alone, while most of its value comes from the fact it's the reserve currency in the first place? Man the US is heavily reliant on that last part to be of any worth whatsoever lol. No country is perfect tho.
@@Yamyatos if you own a house worth $300,000 earned $33,000 a year and had a debt of $35,000 you also controlled how much your own bank account reads and the people who owned your debt relied on your very existence were still very much ok buying more debt - are you in a bad position? No.
People in hell want ice water, good luck. The USD is predominant cuz the US is basically a bank with the largest military on the planet and nuclear weapons. The only way the world reserve currency would change is if fundamental confidence in the US military's ability to maintain economic stability goes away. No other country has the same network of economic, social and military relationships that the US has and is able to exploit.
Xi has tried to shake things up with the BRI but that's been an unimpressive failure to date and hasn't allowed China to accrue the kind of international economic and military relationships needed to energize their economy, let alone their client states (all of which hate China's usurious conditions for their economic support). China's economy is itself moribund due to its central planning and overreliance on real estate and EV overproduction.
Russia has proven itself to be comically incompetent economically and militarily. Putin's setting himself up to either eat a bullet or be defenestrated himself.
India will be wrestling with trying to bring it's own population under control and into the 21st century for decades before it has a realistic chance to exert anything beyond regional influence.
Brazil is a basket case.
Iran is a regional power at best, even with nuclear weapons, and neither it nor any arab country will be able to exert anything beyond border-level military influence for the forseeable future. The iran-iraq war was like two blindfolded one-armed epileptics duking it out in a burlap sack. They'll never exert any influence outside the middle east.
@@imunfathomable Check with your shi thole country on who the dictator is! It's definitely you morons!!
one vote for BRICS here
This has been needed for a long time. America as 'the worlds policeman' has long been America as 'the worlds bully'. I doubt the world will have long to wait until 'the worlds bully' strikes back, using its military.
The world's bully only can built that military because the world use the dollar. The world must break free and stop using dollars!! Is the only way to stop the weapons production!!
Trump: if you set up a BRICS money exchange system I’ll hit your countries with 100% tariffs
BRICS: ok and we’ll retaliate with 100% tariffs back. The USA will suffer from high domestic inflation and vanishing exports and become economically isolated from the world. Meanwhile BRICS gets its independence from US control and continues trade per usual with the world minus 1 country. This sounds like a no brainer for BRICS. Don thinks he’s a good negotiator 😂
DONT BELIEVE THE HYPE!! Those Brics are gonna Crash as soon as TRUMP TAKES OFFICE!! Those Tarriffs are gonna get the Dollar back where it belongs ... ON TOP!! Don't fall for the Scam
We won't retaliate with tariffs. The western citizens might as well pay more for our goods, they've been spoiled for too long. We'll keep buying your high tech without tariffs, wich will finally bring about power to the people. Only 20% of the world benefits from capitalism. BRICS is the 80%. Tariffs will literally make the rich pay more and the poor pay less. Thank you Trump for redistributing western wealth to the Global South!
Brics ain't the world super power for a reason.
Lmao this some hard ass cope 😂. BRICS will be gone in 5 years
I know you are optimistic, but it doesn't quite work that way. we are all connected. even if our money is not. purely because we exist on the same planet. if something economically goes on in one country, others feel it.
America "We are only going to look after purely our own interests"
America "How dare you abandon us"
If you have control and dominance it will be taken from you if you abandon the rest of the world..
No invention would benefit the world of man
Will exist 'til I got the money in my hand
World bank, interest rate destroyed on the spot
But I'm a gangster! you gon' take my money like it or not!
so why hasn't Russia collapsed?
Go look at the deficit. America has been taking care of everyone else's but themselves.
@@badyoutuber1986 The United States has been looking after their own interest and failing at it. Nobody told you fools to fight two wars for over 20 years. Nobody told you fools to base your currency off debt. The world shouldn't pay for your mistakes.
@@badyoutuber1986 You got it backwards. USA is getting more stuff from the rest of the world then they provide, but that imbalance have been propped up by US dollar being the world trade currency and that prevents it from losing value. If the dollar is decoupled from world trade then USA will have to actually pay for the stuff they want from others.
Thank you for your videos mate.... With Trump's presidency, economic shifts are expected to be significant, especially given the current recession and the potential impact of future rate cuts. Although rate cuts might not boost inflation as hoped, they may lead banks to further restrict consumer and corporate lending, contributing to a deflationary period for various assets. This environment could result in declining stock values, retail and housing sales, and rising unemployment due to layoffs. For investors, a diversified portfolio especially with stocks and cryptocurrencies offers some protection, serving as a hedge amid volatility. Both long- and short-term trading strategies can help manage risks, providing stability as markets adjust. I have managed to grow a nest egg of around 130k to a decent 732k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
He mostly interacts on Telegrams, using the user-name,
@MiltonHarper
If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.
Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.
Spot-on, I would always rate his signals as one of the best ever used 100% accurate.
Brilliant. Thanks for the education.
Great video! Very well explained and covered all the important details
All these BRICS countries need to start paying the USA for the security the USA provides for their ships that are carrying goods to other countries across the high seas......NO country in the world pays for the security the USA provides which costs the USA tax payer $$$$$billions to provide the USA NAVY every year, which provides security so all ships are safe from pirates......all the USA has to do is not provide any security for ships that don't use the dollar and pirates will immediately start highjacking ships and as soon as that happens insurance companies will stop insuring ships which aren't protected and this will immediately stop those ships from sailing anywhwre.....so have a nice day and start paying the USA for security on the high seas or keep the dollar as your reserve currency which pays for security of your ships on the high seas.....
China and Russia pushing BRIC reminds me of two drunks getting married.
You are really an excellent teacher, young fellow, helped open an 82 year old mans vision and inlightment.
He is a true prophet
wow u really 82yo
"As of November 2024, China's foreign exchange reserves totaled US$3.265 trillion, which is the highest foreign exchange reserves of any country."
Russia's reserves "630 billion U.S. dollars"
Then they can buy more gold
@@brianlowe3529 Gold is great. Its hard to make payments with. No one in BRICS trusts each other enough to have a common gold reserve. BTC? That might be more likely.
@@musa7606 You really dont want your reserve to regularly lose like 80% of its value.
@Yamyatos Which reserve doesn't?
@@musa7606Countries holding and buying BTC would actually help the US. We are still one of the major holders of BTC.
Thank you for the video I like it. New in your channel and I subscribed it.
Even if nothing done, dollar will eventually go down
So don't worry
Remember when Muammar Khadafi said he wanted to be paid in gold for his oil. He was right, the us dollar is worthless and he was going to use it to wipe his butt. The empire is falling apart. 😂
You know you already failed when you have Khadafi as a success story.
@filippxx Khadafi is not a success story, before you make comments do some research ok. At the grassroots level the people on this planet despise the US. That is a fact.
People have been saying america will fall apart for forever, since the beginning of our country. Shut up. Whether you like it or not the US isn’t going.
Yea that worked out super well for him! Oh…wait a second…😂
Let's ask him how that's working out for him today. Oh right 😂
All we can say is "good luck kids" to the BRICS countries. Replacing the USD as the world's reserve currency is no trivial exercise & will require it's members to agree on every decision that gets made. Given the competing global ambitions of its members, good luck with that. And that's just one of a myriad of issues that would need to be dealt with.
I really wish good luck at brics countries. And I will support them when the brics currency apears. The world have to break free from the claws ot the U. S.
All I can say is "Good luck" to the US. Trump is going to force the rest of the world to co-operate and isolate the US. All of the best and hope you survive the insanity and incompetence.
@RobertoHernandez-gp3gu American claws or Chinese claws, claws are claws
You think they think this is trivial? 😂
Good Luck with Trump too 👍🤣😂🤣
Excellent video clearly presented. WELL DONE!
Damn!
That's probably why India's dollar reserves are at an all time high of $700 billion
That number is the total Foreign Currency Assets (FCA), which includes multiple currencies and gold.
@Meandbroafter2 You sussed it Geezer🤣init. They're stoking up for their BS and then provoking the tail to wag their dog! CHY NA v US simples
That's all? China still have 2.8T in USD.
@@loveblindhate9318they have liquidated most of it ,they only have 860 billion dollars in their reserves.
you clearly dont know much. you should be quite Lol
Thanks for the valuable insight, I also appreciate your studio, the black background is a nice touch that keeps the focus on the presenter and discussion. 👌💪
Very good expose on Bricspay.Thank u.
Great great content thank you for sharing your insights
Brilliant analysis❤
Keep doing. Thanks.😊
Another great video. Well done.
U.S bullying with Dollars money different Country is unfair must be stop!
Liar always liar
You believe that hype. More like America stopped Nuclear War.
Thank you UA-cam for recommending this video to me👍🏾✅💯🇬🇧🇯🇲
It's funny how USA allowed the EuroZone to switch to the Euro BUT prohibits everyone elese to "ditch" the dollar.
The eurozone never ever used the dollar
It's not a prohibition they simply face the consequence in sanctions or whatnot or whatever Trunp comes to do in the end.
No its not funny, european central bank is owned by the same people who own the federal reserve same as the UK uses the Pound but that too is owned by the same people. Massive con been running for year, some say hundreds of years. Hope BRICS is a success, with Russia China and Africa involved it can not fail
@@chrisc2184 GOOD MAN!
It’s because the Europeans countries actually have fairly aligned interests and can coordinate/cooperate. Most of the other countries are ruled by authoritarians and don’t like giving up any perceived power even if it’s in their benefit
Great video and explanation, I didn't realise the significance of whats happening until watching this. thanks again!
It is not significant at all. This guy does not even understand the did ference between SWIFT and Dollar. They have nothing in common. This whole video is just hot air. Bricks are not going to have their currency. There is China and then nobody else matters in BRICKS.
@konfunable Wishful thinking on your pary
@@ekincorvus8904 Nope. I actually prefer Euro to become the dominant currency. Sadly, Dollar is as strong as ever and there is absolutely no currency in the world which could come close.
Thanks. This is the best summary of the current status of the BRICS system I have found.
A clear and articulate explanation of this very important subject.
Well-articulated. Tnku.
As an Egyptian who is living abroad, I see how much relying on the dollar for all international transactions can be dangerous. Simply put the dollar is too EXPENSIVE for us. (We don’t have any problem with the us gouvernment, we don’t have any sanctions, oh contrary, usa provides us with a generous military aid every year).
We need to import plenty of needed resources from other countries other than the US. Like Russia for wheat to make bread. There is no reason to make that specific transection in us dollar. It’s just too expensive and why should we?
We have plenty of debt to pay already in us dollars and every quarter the government is scrambling to be able to pay back the debt in dollars to the IMF and our economy is tanking, devaluating our currency and becoming poorer everyday.
This is an excellent summary. Great content - subscribed!
So thats why India has taken all their gold back that uk was holding for them
The British Museum should also return all the property of the countries they pilaged.
Holding? I strange use of language here. I stolen would be appropriate
@@oscarpaulse3578I'm from a former British colony but don't necessarily agree with your comment.
Not all artifacts in the London History Museum (LHM) were stolen. Many were bought legitimately or were gifted.
The LHM is centered in a global city and is free to enter. This allows millions of people to see these artifacts and learn from the histories and cultures they represent. The LHM also does a fantastic job preserving them.
There are questionable cases, like the Greek Marbles, where items were shipped there for "restoration and safe keeping" and were never returned. It's grey because these pieces would likely have been destroyed and completely lost to time. But at the same time, they can now be displayed safely at the Athens Acropolis Museum.
Also, the Rosetta Stone. The French uncovered it by accident, but they handed it to the British as part of a surrender deal. This stone was later used at the LHM to decipher ancient Egyptian hieroglyphics and, as a result, is potentially the most significant archeological find in history. Should the LHS be allowed to keep it? After all, if they didn't find it, it would've just been another stone hidden in desert sands and Egyptian hieroglyphics would still just be doodles on ruins.
Now, i get the "principle" of returning items back to their historical home. But if that means it goes back to a place where it may be damaged, kept hidden in an oligarch's store room, or even sold on the black market.. is that right?
@@oscarpaulse3578
'should'? Who are you to say?
@@oscarpaulse3578 Yes are you gonna go and take it back Rambo? Good luck with that, the UK could destroy the entire BRICS military in a matter of hours if they wanted
If these countries don’t want their U.S. dollars anymore, I’ll happily take them!
The volume of oil sales doesnt mean that Russia is not hurting. Since both China & India know there are no other countries that want to buy Russian oil, they can get a considerable discount.
The West doednt want Russia to not sell oil, but to earn less while still providing the world economy with enough oil.
discount? Yes. Loss? No. thats the point.
@@Salman-Bin-Ahmedhuge loss! Huge lose in profits. Are they even breaking even?
@@prophetseven728 Loss of profits? Maybe, but its better than no income and they are selling at massive quanty. Just 500k barrels few than they did before war. So I dont think its a big hit that would destroy them.
Great! Those BRICS countries should really use alternative currency for global trade, and hopefully make the USD go home
More USD going home, more inflation for US citizens
Wrong. It's the opposite. Fed can finally reduce money supply
@@JustJamesDean but how are the fed and US govt. going to do it? raise more interest rates and taxation?
@@JustJamesDeando you think it's hard to print money?
@@FlashRetired easy to print, remember Weimar Republic?
@@TheRizalp no, do the opposite of money printing
Interesting video so how do we look to profit from this change other than gold is there a company set to profit from this?
Very good presentation 👏
Great video, Brandon! Super interesting topic
Well explained video appreciated
Back at it!!
Really good video! Very well explained!
wake up global majority !!!
I woke up, but while I'm not a huge fan of the US hegemony and their system, I'm not very happy about a bunch of authoritarian, fundamentalist or outright neo-fascist countries get better position on global scale. That's like going from bad to worse.
@@enlightenedterrestrialThe USA is basically neo-fascist. It invades countries across the globe and demonizes the enemy. The country is basically ruled by oligarchs, not much better then the rest.
Wow I can’t believe I heard more about this, definitely a big fucking deal. Great video, new subscriber!
The world communities are ditching, derisking and dedollaring the dollar, a matter of time usa no longer can weaponised their dollar and in due course dollar will be irrelevant in cross border trading, hence reduce the value of dollar fiat currency
You mean the world dictatorships besides India. No loss to us.
@@michaelbazzell6327 You can't print dollars if nobody wants them. Get your chequebook out. USA is about to go bust.
I'm in full support of Brics!!!
Respect to you brother for respecting the Moroccan borders without cutting any of our land’s ❤️🫡
Don't forget that other countries froze more russian assets than the US.
EU countries
At the behest of the US.
Mostly USA's supporting stooges
It's actually stealing. US federal government and others turned into international criminals.
@@slygeebee7575 sure
when we become so electronic-based it seems odd that stated currency is so important. but being the conduit to transact the currency does make it relevant, I suppose... but the chinese/russian trade is primarily in yuan. the brics pay card is supported by disappearing ruble and endangered yuan. their lucky buy-in was UAE. not saying an alternate to USD/Swift is bad, but the players at the table are mostly holding Monopoly money.
There is discussion that the BRICS currency will be pegged to gold, one gram of gold equal to one BRICS, it will be incredible
I grew up believing the USA was the good guy keeping us all safe. Six decades later I'm super pissed off to find out how mislead I was.
I guess if the US likes something, it's because it can be used to push other nations around.
Well done doing a great job of describing this.
BRICS should have done it a long time ago
Excellent video. Thanks for explaining in detail with some historical facts.
Nothing comes close to gold not even the dollar. It's useless
I wish my country would "decouple" from US and apply for BRICS membership. Sick of my taxes going towards the misery of war.
... 🤦 Like that'll change anything
Er.....Russia?
You wouldn't be Australian by chance?
@@davidryan7261 I am a proud Aussie that has no faith in its leaders. Do you feel the same?
@@craigtobin287 I can't escape the feel that a tweak to world order seems appropriate.
Congratulations on 1 MILLION subscribers!
Hyperinflation for US economy and the prices of Gold & Silver will keep rising...🤔😮
Lmao cope
It will sink with the rest of the market.
Cope harder. You're not hyper-inflating anything with a combined GDP that's beaten by a lot of US states.
@zack256300 I don't know if you triggered balzenmyarse or I did but Geeez! Some people are touchy!
Excellent! Extremely well researched and presented. Clear, concise with no bias. Great job.
“Should they be unified…” is doing most of the work in your thesis statement
Welcome BRICS
Very interesting and informative video. Thanks
I think trust and transparency between nations is a huge factor in how strong and how well a currency performs. Looking at the characters above, i don't think it's going to worry the USD any time soon.
@@glennwhitlock1272 when has the US ever been trustworthy or transparent? You’re living in a bubble.
In other words the US shot themselves in the foot!
Great Summary! Thanks, always well produced.
Does the dollar have value? Only if we give it value
I live inside a usa dollar market. But im all for bricks. The world needs to be free. Equal trades. We are all people a dude in africa or in Asia deserves the same opportunity as one in the usa.
This channel deserves so many more subscribers
Great explanatation.
The End is near. 🙏🏻🙏🏽🤷
🙏
Excellent summary
Your expiation is excellent. Keep it up
Africa has a whole is becoming more independent look into the AES a movement of African countries to stop French neo colonialism in them
And becoming enslaved to China 🇨🇳
Seems like a never ending story just swap one for another.
😂I live on the continent. I disagree
Very informative vid...!!!
... Just became your newest Sub...!!! 👍🏽 👍🏽 👍🏽
It’s not so much the currency as a weapon, it’s the weapons behind the currency that gives our dollar power. Everyone is sick of America unless they need protecting. More and more I hear Ausies get a little base in their voice talking about America like we do t protect them too😂😂😂😂😂😂😂
No they won’t, it does not make any sense to do so.
Good explanation , thanks.