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.

@DorathyJoy

8 ай бұрын

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 ‘’ Margaret Johnson Arndt’’ a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $820K.

@SandraDave.

8 ай бұрын

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

@DorathyJoy

8 ай бұрын

Can't divulge much “ Margaret Johnson Arndt” is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.

Well it's Time for the BRICS. New World Order lo come up with a default reserve currency or simply go back to gold as the reserve. Il will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rales.

@Dannyholt33

9 ай бұрын

All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. 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 need to spend in my checking account.

@trane85

9 ай бұрын

Ironically, these are the conditions in which life changing money is made by those who remain calm, palient, and take controlled risks. Volatilily goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over 5280k in the last 14 months by investing through my FA

@mikeroper353

9 ай бұрын

@@trane85 Please pardon me, who guides you on the process of it all?

@trane85

9 ай бұрын

credits to Colleen Rose Mccaffery, one of the best portfolio manager;s out there. she;s well known, you should look her up.

@mikeroper353

9 ай бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

The US has sanctions on 26 countries or about 1/3 of the world's population. The US has been given the privilege of being the reserve currency but acted irresponsible.

@sjent

10 ай бұрын

US has over 8000 sanction packets against 49 countries.

@shruog1045

10 ай бұрын

@@jaunt3603 Fuck America with your piece shit about who saves the world. Your country is not the fucking police of the world, and I hope the Philadelphia drug pandemic and Pennsylvania spread to all of the USA

@generalbenjaminarrola340

10 ай бұрын

O mundo interio vai ficar contra os EUA no futuro, se o país não parar de aplicar sanções a outros países

@SW-fy8pq

10 ай бұрын

​@@jaunt3603do you mean the United Snakes is less evil so it is allowed to abuse its superpower at the cost of others?

@happycakes1946

10 ай бұрын

@@jaunt3603 there used to be a gold standard... Money was gold.

The problem is in the way in which the United States and Europe decided to relate to the rest of the world in an imperialist logic, the American does not know, does not study, does not understand and does not respect other cultures! The American thinks that his "culture" is superior and that should rule the world, countries like China, Russia, India have a millenary culture and tradition much earlier than the existence of the United States, the way of thinking of the people is different and must be respected. In addition, doing business with the United States is self-harm because they use all means to destroy you or make you accept conditions that are not good for both

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

@Lajoor-o

9 ай бұрын

At present, my main concern is finding ways to boost revenue while facing periods of quantitative easing, as I cannot afford to watch my savings diminish.

@shannonsally455

9 ай бұрын

true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

@shannonsally455

9 ай бұрын

My Financial adviser is ‘’JULIE ANNE HOOVER’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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

@Octavio0648

4 ай бұрын

With efort you want to say seal the resources of underdeveloped or developing countries, and sell them at an even higher price and keeping South American countries under military dictatorships so that they do not develop?

It’s not only about Joe, it has been about all the presidents of the USA and fed heads since 1970s. As a non American not even living in the USA I can see that. You as a newsman must see it too.

@divinecomedian2

10 ай бұрын

Sounds like a right channel. If Peter had spoken ill of Trump the anchor probably would've been upset.

@666katch

10 ай бұрын

@@divinecomedian2 Trump is part of the swamp and people will vote for him blindly , no better than the woke!

@brian6x

10 ай бұрын

@@divinecomedian2 This news man has a poor attitude. Isn't he supposed to be impartial?

As an African , people never realized all those wars the USA gets involved in really affects the African continent negatively, it is literally becoming unaffordable to even pay in US dollars for import goods I can assure you we wish no financial harm to the wonderful people of the USA but our people are starving while the land is being plunded or people live on a dollar a day while or lands are rich All Africans are hopeful for better control that the brics will bring , you are correct in saying the sanctions that was placed on Russia had a adverse effect on African countries and as some countries generate great wealth with wars we actually suffer tremendously. All Africans had a great deal of respect for Americans, but your policy, your law makers, and leaders has had a great impact on the whole world in the negative. And it's sad to say, and as the world will struggle more, your greatest debate is what is a male and what is a female which from our primitive minds is clear as the day.

@MiguelSilva-sj8nq

10 ай бұрын

Estou com você

@karthikram1954

10 ай бұрын

Absolutely true

@therepublicofwrestling9090

10 ай бұрын

U took the words right of my mouth ❤️🇿🇦

@hamzamahmood9565

10 ай бұрын

Putin's war is literally destroying food supplies to Asia and Africa as we speak and you guys are teaming up with him? Yeah good luck

@radeonblue1816

10 ай бұрын

As an Indian, I absolutely agree. That war in Afghanistan provided millions of dollars to Pakistanis 10 to 20 years back and they used to use some of that money to train terrorists and send them across borders.

Vietnam war was US first mistake and provoking Ukraine for war against Russia is US last mistake. Kaboom!!! Dollar gone, Europe in Recession. Now backbenchers will be come into power to punish bullies😂😅

@cockyhemi-123

10 ай бұрын

The Korean conflict was the first “mistake”. The first conflict after the cementing of world government with the passage of the UN Charter and participation Act on October 24, 1945

@deathevokation1017

10 ай бұрын

Weaponizing the Monroe Doctrine, WW1, WW2, and all subsequent wars have nothing to do with the USA. Authorization to Use Military Force is current method for circumventing the US Constitution. US soldiers nothing more than tax paid mercenaries.

@sjent

10 ай бұрын

US was already on its last breath and Ukraine was a gamble, that was suppsoed to topple Russia and allow US to move in, install it puppet "democratic government" and then proceed to pillage Russian resource. Giving it another 2-3 decades. It also would deprive China of it most valuable ally and a huge portion of energy that is fueling this economic and manufacturing powerhouse. Unfortunately egos of western politicians are far bigger than their IQs, resulting in them suffering from extreme case of narcissism. Thinking that all roads lead to West and world simply cannot exist without Washington say-so. This is why you constantly hear from western sources about food and energy shortages in the world. Even tho it mostly affects West. Russia had record grain harvest last year. They are fine. Their allies are fine. Their friends are fine. But because Europe can no longer live off Ukrainian grains, it is "world" problem. ~90% of Ukraine grain exports went not to the world, but to Europe. Despite western media trying to present it in a different light. And now, since Russia backed out of grain deal, due to the fact that West failed to uphold even a SINGLE one of it obligations under it, while violating several of them. Despite Russia extending deal three times, in good faith. Despite all that West is now screeches about world starvation and Russia being bad. Fuck the Washington and fuck Brussels. If nukes were to wipe out both cities, world would become a much better place.

@trollpolice

10 ай бұрын

The first mistake was WW1 when the US ditched the gold std to fund the war in Europe

@walden6272

10 ай бұрын

@@trollpolice First mistake was genocide of Native Americans to expand the colonies.

The 15th BRICS Summit in Johannesburg, South Africa reflects the increasing expectations being placed on the BRICS cooperation mechanism by more and more countries. The theme of this summit is "BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism." despite uncertain international environment have becomes the appeal and centripetal force of concepts such as openness, inclusivity, cooperation, and win-win. More than 40 countries have expressed desire to join the BRICS mechanism and over 60 global leaders and political heavyweights have been invited to attend. The Western media has been hyping up the China-India discord by fabricating rumors which are "baseless attempts to undermine the event" and bringing the "China threat theory" that they have been propagating into the context of BRICS countries, attempting to portray the BRICS mechanism as a geopolitical rival to the Group of Seven (G7). After 17 years, the BRICS is becoming has becomes even stronger and the BRICS’s mechanism itself has developed well and has adapted to and satisfied the needs and calls of the times. Many countries are disappointed with the G7 global governance system dominated by the US and the West and the serious shortcomings of the US-led global order. Dissatisfaction with the US-led global order was exacerbated by the degradation of US hegemony, weaponizing US dollar and the G7 dictating the global economic policy. The US global reserve currency and the SWIFT communication system for banks is used to impose sanctions and siphoned $600 billion of Russia sovereign wealth and $7 billion of Afghanistan foreign reserves by the US with impunity. Developing countries is eager to curb dependence on the US dollar for foreign trade and to reduce dependence on the US currency. The establishment and development of the BRICS cooperation mechanism is proof of the awakening of independent consciousness and the strengthening of autonomy of non-Western countries to pave a new path for the emerging economies of the Global South. The member states of the BRICS, the emerging market group of Brazil, Russia, India, China and South Africa, are widely anticipated to deepen financial cooperation in an upcoming gathering, in particular in the payment and currency sectors to counterbalance the hegemony of the US dollar, which has left emerging economies and developing countries struggling financially. The BRICS members and the increasing willingness of more countries to join the bloc, the process of de-dollarization, which has become an irreversible trend, will be accelerated. Since its establishment, the multilateral cooperation mechanism of BRICS has provided development tools based on partnership and joint growth, in comparison with the Western model that pursues its own interests. In the upcoming BRICS 2023 summit scheduled from August 22 to 24 in South Africa, discussion of financial cooperation including the use of more local currencies for trade settlements, exploration of a parallel payment system to counter the dollar's hegemony and a common currency is highly anticipated. The New Development Bank, created by the BRICS in 2015, has set a target to increase local currency lending from about 22 percent to 30 percent by 2026. China and Russia have taken a leading role in promoting local currency settlement. More than 80 percent of trade settlements between Russia and China have been conducted in Russian rubles and the yuan. There has been an ongoing discussion within the BRICS to accelerate the rollout of a payment system, and the need became particularly urgent after the US removed some Russian banks from the SWIFT global interbank payments system and forced other economies to pay for its economic problems with sizeable financial tightening. The BRICS members could move to establish a version of their own monetary fund on the basis of the existing BRICS emergency reserve arrangement mechanism. Although it's not possible to shake the dominant status of the dollar in global trade and settlement at the current phase, more countries are seeking to reduce reliance on the currency. Saudi Arabia, Iran, the United Arab Emirates and Venezuela having expressed interest or applied to join the BRICS bloc. The chance of de-dollarization in global oil trading will be much higher and US dollar will no longer be the dominant currency of choice. President Ramaphosa said more than 40 countries have expressed interest in joining BRICS. The BRICS members represent nearly 42 percent of the global population and account for about 26 percent of the global economy.

The G-7 represent some of the largest former Empires. They extracted resources from their Colonies. The IMF now allows the G-7 to continue to extract resources from developing Nations. Loans are created that are way beyond the ability of thos Nations to repay. Taking Resources from the Nations as if it were Tribute Payment, is no different than the old method. The Nations who assemble in South Africa are asking to be respected for their right to ask for a fair price for their resources. The G-7 appears to be insulted that this idea would even be considered? Respect appears to be a Commodity that is essential. Respect now appears to be an endangered species?

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.

@andymarion

10 ай бұрын

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.

@christianaemilio1

10 ай бұрын

That’s why I make it a point to speak with a financial advisor before choosing any investments. I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends. In addition they have access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made about $800k working with John Desmond Heppolette, for over three years now.

@-Fredrick

10 ай бұрын

Your fin advisor really seem to know this stuff. I found his online-page when I made a google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..

@kenthendrix.

10 ай бұрын

The secret to being successful from an investing perspective is to have an indefatigable, undying and unquenchable thirst for information and knowledge. Invest with a certified financial advisor and watch things turn around for good. I've learnt so much while investing with John Desmond Heppolette, and i must say it's the best thing to do.

@christianmuller292

10 ай бұрын

Before I invest I always look at the history of this and that investment in the long term. Gold has been the best investment in the last twenty years with 20% intereston average per year. It was basically flat till 2004 and then I noticed why it had gone up which coincidentally were two wars (Iraq and Afghanistan) and the debt bubble doubling every four years. America getting screwed by the Brics ? Well, the US has screwed everyone for quite a few decades. Time to get some of that medecine ourselves.

Seems like our own “leadership” have done a great job of “blunting” us

@stratcaptain66

10 ай бұрын

Our “leadership” is nehilden to the likes of the WEF and the NWO, so everything is going according to their plan…which happens to be the destruction of the west. I don’t understand why people can’t see tue truth.🤦🏻‍♂️

Bring us down to earth Peter . Sad as it is

You don't brag about going to war. You brag about avoiding war...well said.

@pascalpoussin1209

10 ай бұрын

USA created the Ukraine conflict. Criminal tragedy, like so many the US government created in the world.

@BarrySlisk

10 ай бұрын

Bully-states will love that. It's never a good idea to allow bullies to operate.

@bonitaroache73

10 ай бұрын

Very well said and completely right!!!

It's worse than nonsense, it's insanity!

Britain killed 4 million Indians in Bengal in 1943 by imposing a famine

@user-od1gu5fj8o

10 ай бұрын

Look like Russia kill people in my country

go BRICS! whish the people in the global south peace and prosperity. Stop US wars

IT IS SO FUNNY TO SEE THE HOST COMING BACK TO THE FEAR OF BRICS CHAT, AFTER PETER CLEARED THAT US ECONOMY IS BEING DESTROYED NOT BY THE BRICS BUT BY DESIGN OF US GOV

BRICS and creative international trading is going to put a big hurt on the fiat U.S. dollar. For example, why couldn't India buy grain from Argentina with a mix of non-dollar currencies and gold?

When there is no mercy from the northern side, expect the monetary weaponisation to be blunt by the southern and eastern side

Peter is 100% correct

The truth is ugly

Peter tells it like it is.

@tomislavcosic4185

10 ай бұрын

Many time he did say it as it was, but this is far from truth. In fact, the block is crumbling as we speak. Peter is a great economist, but does not have a good track record when it comes to geopolitics.

@user-sj7fu6es3y

10 ай бұрын

@@tomislavcosic4185 Lol The block is getting stronger I’d stop watching MSM outlets if I was you

@tomislavcosic4185

10 ай бұрын

@@user-sj7fu6es3y I do not watch any kind of outlets. I am a researcher of history and economics and read pragmatic literature instead of biased media crap like majority(probably including yourself). The historical-economic links between the countries are very slim and were formed within the Western institutional framework anyway. The two major members (China and India) have been at war historically and closer to the West respectively than to each other…and now that has progressed into an economic competition of the century, just in time when China is imploding internally and trying to offset that with foreign policy posturing without power to back it(typical sign of weakness). That’s more than enough, because Russia is geopolitically dead just like Germany has been since the end of WW2, which completely eliminates even that last straw of hope that they would have a military-ready member to take on the western powers in a hot war. SA and Brazil do not need to be mentioned since their weight cannot change the relationship within the block and its demise. They belong to the broader Western block solidly and without any doubt.

@tomislavcosic4185

10 ай бұрын

So, no, the block is not getting stronger and it’s in its early days of collapse as China withers and India settles within the Western framework of economic and political integration. They seem to be much smarter than Chinese elites.

@user-sj7fu6es3y

10 ай бұрын

@@tomislavcosic4185 If you a a researcher of history You should realize History is the lies we have all agreed upon

I live in Canada and bought my first house in 1991 and the interest rate was 11%, so high interest rates were kot just for the late 70’s and 80’s.🤦🏻‍♂️

@sergii_real_estate

10 ай бұрын

But your house didn't cost $0.5 mil like all these numbers Real Estate skyrocketed to

I like the truth of the Peter Schiff Show. !!!!!

Finally someone who speaks the truth !

US dollar definition: The US dollar is a protection racket not a currency.

When. trump and every president talks or threatens with tariffs and sanctions on countries like India, we may look for alternatives

Remember Gaddafi wanted currency backup by gold and we know what happened to him( granted he was a brutal dictator) but that was the last straw

Thomas Sowell said If biden becomes president we may never recover.

🇬🇲 BRICS 💪🏾

Go Brics go!

America dream to American nightmare....

If you cant beat them...join them..im talking about the BRICS 🙂

@bassmanjr100

10 ай бұрын

The BRICS nations want nothing to do with the US. Who wants business with someone the steals their money and bombs the crap out of them.

@akolrumajuk

10 ай бұрын

The world has changed now so just join the new system to be safe.

@jonyD143

10 ай бұрын

Good luck living under authoritarianism.

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes.

@colleenballinger5919

9 ай бұрын

Mrs Reyes changed my life because of the high profits I got from investing with her.

@lucascruikshank9605

9 ай бұрын

You invest with Mrs Reyes too? Wow that woman has been a blessing to me and my family.

@elizabethkarvelas308

9 ай бұрын

I'm new at this, please how can I reach her?

@roberthansen404

9 ай бұрын

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

@ibrahimbarakat5872

9 ай бұрын

She often interacts on Telegrams, using the user name written below

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k.

@AdamGreene222

10 ай бұрын

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

@EmilyMoore-n7n

10 ай бұрын

in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

@laszlolee

10 ай бұрын

Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over a year and I've netted over 400k.

@laszlolee

10 ай бұрын

@LofgrenMark Can't divulge much, it's only right you do your due diligence. I’m been guided by “Susan Bauer Normansell” and most likely, the internet is where to find her deets.

@Danielbboylight

10 ай бұрын

@@AdamGreene222Not if interest rates rise to high, companies need growth and if the majority of their profits go to paying interest on their debts instead of growing what do you think will happen? Not good

You could see Biden come alive in one of the presidential debates.. Suddenly he was invigorated by hatred when he described what he would do to Russia and China.

@coco8386

10 ай бұрын

Hatred is all he's ever invigorated by.

@GerhardtRoos

10 ай бұрын

​@@coco8386He is invigorated by ice-cream and 9 year old girls as well.

Good news host, except all roads lead back to 100+ years of overspending.

Peter is the MEN ! Poland here ! He knows what he talk about .

Interest rates may be going up, but government can always make up for it by currency printing. And often stupidly do.

@Dev.0191

10 ай бұрын

😅😅

FUTURE IS IN BRICS➕

They didn't just punish Russia, they also punished Russian nationals living in other countries

@hansdampf3468

10 ай бұрын

Shows that over night the US can strip you from all your possessions if you don't wanna play by their rules.

@carolbuchan2268

10 ай бұрын

So why would one continue to trust the US and the dollar ...

@xman1533

10 ай бұрын

It's a lesson that Russia has learned but what is important is the future

@alexanderpetrov7027

10 ай бұрын

@@xman1533 sanctions against individual citizens is unprecedented and it harms the US debt market more than Russia as a country

Watching many streamers leaving the U.S. So many better places to live now.

Excellent report 💯

Excellent info !

If I was the President of the USA, leader of the free world- I would sit down with all of the Nations in the BRiCS summit find a way to hash things out through dialogue, hopeful reach a conclusion really to stop the WAR in Europe. There’s no way USA is going to win this Economic war long term because Saudi Arabia & Russia are sitting in the same Table in the BRICS summit. Not to mention we have Iran sitting in the door step waiting to join the Summit🤯 I mean all of the Global Oil Supplies are singing the same Tune, that is to shift away from the dollar 😢. Oh, lastly don’t forget the USA needs those countries to Settle down and sing the “same tune” or else y’all might end up as the next “UK” My views from South Africa 🇿🇦

@metalvideos1961

10 ай бұрын

USA created the war in Europe. USA created all the war's we have now. BRICS don't want anything to do with the West. Fuk the USA

When the sales start, who's going to want to hold on to the last dollar? Go BRICS+

DE-Dollarization a path to HYPERINFLATION! As the reliance on US dollars diminishes, central banks will begin dumping their dollar reserves. This will result in hyperinflation, a spike in interest rates, similar to Germany from 1921 to 1924!

Blessed are the Peace Makers for they will be called children of God.

The Founding Fathers would have been proud members of the BRICS Nations.

Who want to trade will countries who sanctioned you when you don't follow what they said.

More people need to watch.

You are a great economist/analyst, Peter. But more than that, you are a person with morals. Thank you for highlighting the need for peace talks. If only the powers that be think like you! Both the Russian and Ukrainian people deserve peace. Thank you.

Our interest rates were held WAY too low for decades and is responsible for the lack of saving-BAD! It should be raised to more than 14 percent, honestly.

My first mortgage in 2000 was 8.7%

@sergii_real_estate

10 ай бұрын

And your house didn't cost $0.5 mil like these prices nowadays on RE

Glad to see the poorest people of the world, through Bricks, gaining a possible chance to allow the more progressive countries to advance. As those marginalized by the pre- Bricks powers.

@MrAmhara

10 ай бұрын

They are not poor if they own massive natural resources.

@cineva0008

10 ай бұрын

Un rahat o sa castigi😂

That was great interview, Peter

How is this a problem for USA? Being the reserve currency has weakened our young college kids. Tough times are needed.

The Kings 👑’$ of the East

Rise and win BRICS

32.7 trillion debt 😂😂 action starts on 33 trillion

Hahahahahahaha. Welcome to your own medicine 😂

Well said 👍

As a commerce graduate, my advice for citizens of American and Western nations is to consider investing their money in Indian INR by opening an account in India or exploring investment options as per their liking. In comparison to China or Russia, India's friendly relations with American and Western countries further strengthen its position as a viable investment destination.

@dibyaraj108

9 ай бұрын

Are they smart enough to look past their propaganda and biases against India.

@MGKing-888

7 ай бұрын

That can change anytime, look at India Canada relations what happened in the last month

Well said amen!😎

Just imagine not having the economy to keep with the maintenance of the military ships airplane jetfigthers, nuclear facilities, submarines payroll etc not having enough money to maintenance all the infrastructure. America is about to be humbled in a day, 🙏 pray , repent

Great interview 👍

Scary stuff

All the World is a Balloon🎈 and Peter is a Sharp 📌Pin. 😂

THANKS YOU FOR TRUE 💯💯💯💯👍🏻

Yeah like the anchor says, are we fucked? Yeah and it’s about time the US realises the rest of the world also has the right to the same

Biden still sleeping

Can you blame those nations for coming together?????? Also, why would a nation hold another nation's debt????????

Brilliant points and spectacularly splendid presentation, Peter. 😳 The BRICS nations coming together and strategizing to take over the world and screw over the West is a cause for concern, as they supply us with goods and have loaned us a lot of money. 00:32 Treasury bond yields hit the highest level in 16 years, making it more expensive to finance the $32.7 trillion national debt. Mortgage rates are expected to hit eight percent soon, significantly higher than the rates in recent years. The nation is broke and the inflation is on the rise due to years of reckless money printing. 🌍 The speaker believes that the sanctions imposed on Russia have accelerated the process of de-dollarization and pushed Russia to cozy up to China, which could lead to an economic war with BRICS nations. 02:54 The sanctions on Russia have given the world a reason to de-dollarize and move away from the dollar payment system. Punishing Russia for holding dollars sends a contradictory message to the rest of the world. The speaker is concerned about the potential economic war with BRICS nations and emphasizes the need for peace and reconciliation with Russia.

@povarful

10 ай бұрын

We screwed everyone and ourselves. BRICS deserves to change our lives

@homeuse-ec7ei

10 ай бұрын

It is so telling that some Americans, like Peter, think Brics are plotting to take over the world and scew over America. They are projecting their own behaviour onto brics nations. They are not coming together to attack USA. They are coming together to improve their countries for their people by co-operating with neighbouring countries and trading fairly with each other, as opposed to being forced to trade with each other in the dollar and being sanctioned and bullied by US for BS reasons. The western governments should be doing the same thing- trying to improve their own countries, investing in their healthcare, education, infrastructure ect to improve their peoples lives. But instead they spend all their time and effort in sabotaging other countries they view as future competition. They could easily stay no.1 by investing in their own people and building up their own country but instead all these corrupt politicians do is give tax cuts to their billionnaire donors, hand out billions of tax payer money to defence contractors for their endless regime change wars. These actions have consequences. The US war mongering industry destabilise not just foreign countries but their own. They lead to terrorism around the world & hurt their own people, who die fighting illegal wars based on lies like 'wmds'

I believe Peter is a little older than his 50s, just saying some of us wouldn't mind being in my 50s again

@user-sj7fu6es3y

10 ай бұрын

He is 59

One advantage of the USA is that it can print dollars. If things are so bad why is the S&P up 16% since the beginning of the year?

@walden6272

10 ай бұрын

You answer your own question. Your first sentence is why.

❤❤❤😂😂😅😅😊😊 love the host and Peter ..both if hilariously funny :)))...😂😂😂

Voodoo economics cannot be stopped

Some things are sacred, you don't touch them. Dollar and SWIFT was a privilage and power, by using them as a weapon we hit the axe on our own feet. Dedollarization is becoming a reality. It would be slow, but the mighty dollar will have a great fall.

Whats this guy talking about? Rates were the primary reason why assets like houses sky rocketed. Insanley delusional to ask for rates to come down.

10% mortgage is okay... when housing prices are normal. They are beyond 100% increase, inflation adjusted. A house should cost 230k now

Bidenomic vs Bricks things are turning interesting.

YOU SEE PEOPLE OF DIFFERENT NATIONALITY COMES TO AMERICA TO EITHER WORK OR LIVE THE QUESTION IS WHY. THE ANSWER IS THEY WANT TO EARN DOLLAR BECAUSE OF ITS VALUE. BUT IT SEEMS LIKE THAT IS GONNA STOP VERY SOON. AND THAT MIGHT JUST BE THE END FOR AMERICA AS THE NATION WHERE EVERYONE WANT TO BE. That is the real threat

Okay, not all roads lead back to Joe and I am sure Peter Schiff wouldn't agree with that statement either. America's problems started long before Joe became president. It is annoying when the announcer only wants Peter Schiff to agree with his statements and twists what Peter is getting at. We want the truth, not partisan propaganda.

Peter's single minded view point as a global economist makes a lot of sense when he talks about the economy but making sense has little to do with predicting the future economy.

@peterkurth933

10 ай бұрын

I find him to be somewhat of a shill for his purpose but I can't make up any counter arguments myself to his points.

@MrYewheng

10 ай бұрын

​@@peterkurth933when you can't make up any counter argument, this shows that how good he is and most likely right. If not there should have counter argument.

@VinnieAtlanta

10 ай бұрын

@@MrYewheng You both are correct. Just because you can't have a good counter argument that doesn't mean Peter is right. Making sense has little to do with how the world economy works. Case in point, Peter predicted the crash of the Tesla's price because there is so little Tesla on the road which make sense, but Tesla's stock didn't crash. He predicted the Russian's invasion would crash the world economy, and that didn't happen.

@herpderp7114

10 ай бұрын

@@VinnieAtlanta Peters problem is that he's always predicting things that are way too far in the future. The world economy is completely fucked, but it's still chugging along. However, around every damn corner is a financial accident waiting to happen and every time one happens, the billionaires, the stock market and banks get bailed out. This can't happen forever, at some point the average person will be so poor that they literally can't afford to eat anymore. The only thing that's preventing the economic crash is wealth transfers from the average person to the corporations, governments and investors.

What do you expect from it? The greatest discussion in Socialist Republic of Murica is what definition of male and female while in other hands, China's greatest concern is about mega-project on infrastructure, science and technology advancement

US days od power are over, new age coming. Chinese navy in Brazil

❤❤❤

There is no such thing as a free lunch. Base currency values have to be linked by necessity to allow for global trade. A Brics alternative currency isn't some magic wand that will take away your country's debt or hyper inflation

The Hegemonic US in general must or will be forced anyway to relearn how to live within its means and mind its business in the rest of the world. As in the new multipolar world, the rest of the world can longer be forced to buy free lunches for the Hegemonic US

😂nice

He’s 100% right

With the rise of BRICS, whether it's G7 or AUKUS, as long as the US is involved, the US and EU will continue prioritizing their interests. This means actions aligned with national security, rule-based order, and more. They will respond to geopolitical shifts, technology, trade, and economics in their usual manner. When dealing with 'unfriendly' countries, they will criticize BRICS in bringing BRICS down.

It's too bad Larry didn't get into the debate!

Im hearing this for years

Timely review

i see something good. everyone's going gold and asset backed amen

NOTHING TO WORRY PEOPLE. GDP RANKING 2050 1- CHINA 🇨🇳 2- INDIA 🇮🇳 3- AMERICA 🇺🇸 YOUR FAULT IS YOU JUST SELECTED JOE BIDEN😂 YES JOE BIDEN. 🤣

Peter all ways circles back to gold.

BRICS+ 🥳🥳🥳