Check out War Thunder and use my link for a free large bonus back with boosters, vehicles, and more: playwt.link/versed War Thunder is a highly detailed vehicle combat game containing over 2,000 playable tanks, aircraft, and ships spanning over 100 years of development. Immerse yourself completely in dynamic battles with an unparalleled combination of realism and approachability.

@YogaWan-kp1kn

Ай бұрын

No dude, you never heard petrodollar? USD backed by petrodollar guaranteed by the Saudis. But when the Saudis change their mind you can say sayonara to the toilet paper.

@mejjarsagent227

Ай бұрын

I'm glad you know nothing about economics ......... what's causing inflation in both usa and europe

@rogerburn5132

Ай бұрын

You wrong the only reason. The country's trusted the dollars it was because it was backed by Gold

@rogerburn5132

Ай бұрын

Just look BRICS. have most of Natural resources

@ShinobiShaman

29 күн бұрын

You should do a video of how the U.S. wants that to happen. They're all working together. Countries acting as enemies is all theater. It's like professional wrestling. Yeah they'll have wars, but they're not concerned with dead peasant soldiers, or peasant civilians. War is big business, & a lot of politicians own stock.

I don't think the goal is to replace the dollar, but to have an alternative not controlled by US and its allies.

@Goch46

Ай бұрын

Absolutely. Competition is good

@itumelengkgosana8833

Ай бұрын

From what I've found out during my own research, I came to the same conclusion as you. The goal is not to replace the dollar, but to offer an alternative...

@alanc457

Ай бұрын

Problem comes when the alternative becomes more popular than the original

@ericpowell4350

Ай бұрын

😂😂😂

@LeonardoMenezes03

Ай бұрын

@alanc457 This video was all about the fact that it won't.

Competition is good, no competition lead to corruption

Why dethrone the USD? The BRICS+ NATIONS and the Developing Countries wants another options other than the USD that cannot be weaponized by the United States Of America. Having options is great! TEAM BRICS+ NATIONS NOW AND FOREVER ALL THE WAY!👍🙏🐲🐉🐼🌏🇨🇳🙂❗️

@_d--

Ай бұрын

India left the chat

@samuelramsey5995

Ай бұрын

A lot of developing countries are export economy. You need to weaponize the dollar with sanctions on their exports.

@dawn_alex

Ай бұрын

​@@samuelramsey5995 If US sanction countries that moves away from the dollar, then it will only speed up the process.

Free us from the Dolar yesss.

@armandoaguirre5849

Ай бұрын

is only matter of time

I think gold will be the prefer reserve currency, especially if can be traded in for currency at any Nation.

@rickiex

Ай бұрын

You cannot base an economy based on infinite growth on a finite resource.

@JustinStLouis-xz7ut

Ай бұрын

​@@rickiex Anyone can print fancy paper.

@rap3208

Ай бұрын

@@rickiex Bitcoin that exist only digitally can reach a value to 60,000. How much more a currency that was used for thousands of years, it should easily go to stratospheric value to cover all the wealth in the world. that's what makes gold precious, you can't duplicate it, you can't print it, it is reasonably rare and getting it out of the ground takes enormous work, time and energy.

@paytonturner1421

Ай бұрын

@@rickiex It all depends on how it could be integrated as a stable reserve currency.

@JohnGeorgeBauerBuis

Ай бұрын

@@rap3208someone with a particle accelerator can make gold from lead (an alchemist’s dream!) but it is very expensive to do this so far.

New engines are better and maybe the train might run nicely

@ddollarz567

Ай бұрын

😂😂 the dollar ain’t going to be replace any time soon maybe in 100 years

Its very risky to hold too much USD due to the risk of robbery

@LanNguyen-vd4zt

Ай бұрын

Always Chinese talking bad

@yaoliang1580

Ай бұрын

@@LanNguyen-vd4zt enjoy your peanuts

@LanNguyen-vd4zt

Ай бұрын

@@yaoliang1580 enjoy your little Chinese sausage

@LanNguyen-vd4zt

Ай бұрын

@@yaoliang1580 why you Chinese always on western platform ? Don’t you have your own platform ?

@yaoliang1580

Ай бұрын

@@LanNguyen-vd4zt so you love big western sausage

Just discovered your channel, happy to get 68 videos of great content, good luck on your journey

Excellent summary. Best I have seen. Lots of new details for me. Thanks.

Very well done piece!❤

You've just gained a sub your videos are outstanding broski keep going.

The only clear presentation I have heard! Thank you!!!

Amazing video bro

Backed by federal debt to GDP ratio of 120%， USD is not that valuable

@anthonyk423

Ай бұрын

China’s is far more and 75% of that is owed to the public and US companies.

@gamh03

Ай бұрын

​@@anthonyk423i I also think China don't want to become really big with their yuan in global reserve currency. Because they really benefit with cheap and stable yuan for their manufacture and export.

@anthonyk423

Ай бұрын

@@gamh03 true but they wants another reserve currency

@samuelramsey5995

Ай бұрын

Most of that debt is own by the US government and its central back. Take that away, US debt it’s closer to 30-40% of GDP

@Jab_Air

Ай бұрын

The value of the USD has nothing to do with the debt to GDP ratio. If you can find a currency more stable than the USD (you won’t), then you’ll have a serious alternative to the dollar.

Euro is the 2nd most traded isn't it.

@roopek.9511

Ай бұрын

Yeah, it is. No way the british pound is more traded than euro.

@danwelterweight4137

Ай бұрын

Euro is pegged to the USD

@roopek.9511

Ай бұрын

@@danwelterweight4137 It's not. Like USD, euro is a floating currency which means that it's not pegged to any currency.

@user-xp5yu3tt2g

Ай бұрын

So what? The EU is America's beach (wrong spelling), if the dollar collapsed they will follow their masters.

Zimbabwe has a new currency backed by gold which is now valuable than USD, Burkina Faso is the same after just dropping the french currency...👀China and India have been piling up gold 👀💀 I'm sure y'all know where this is going. But either way we are tired of the US bullying us

@mainaunt4447

Ай бұрын

If you don’t have technology. And skills. Soon all your gold will disappear

@samuelramsey5995

Ай бұрын

The US doesn’t bully people. Usually developing countries internal politics does it on its own. UN human right violations sometimes cause the US to intervene

@shubham_uploades910

Ай бұрын

​@@samuelramsey5995 US talking about human rights, doesn't suit them anymore.

@MrAnderson3

Ай бұрын

The Zimbabwe dollar (ZIG) has a conversion rate of 11/1 I don't know where you got the narrative it's more valuable than the USD. Zimbabwe dont even have any gold to back their currency also lol... I support the movement but at the moment it's a fairy tail and not planned out

@mahrezsakouhi8988

Ай бұрын

@@shubham_uploades910 100 sure they ar homelanders

It is not that the dollar is strong, it is that all the other fiats are weaker.

This will make the dollar more valuable at first.

I’m going laugh my butt off when BRICS over takes the American dollar hahah

Bilateral Trade without dollar, settlements quarterly, backed by gold and optional other currencies Is the only solution But First, they have to have a suitable exchange set-up 🎉🎉

Brics currency is only the gold standard and not inflation .....When America could match the world with the gold standard America, is once again a world player and not a currency dumping ground as in aid and or aided countries banking bailout hub.

Swapping currencies (or even reverting to some sort of barter trading) among BRICS members to conduct trades is the wise choice for now, but that should and need to eventually be enlarged into a common currency, much like the Euro, but backed by physical Gold. How much BRICS money each BRICS member can hold depends on their Gold holding reserves.

@_d--

Ай бұрын

Lol fuk that. India would leave in no time and Russia would become china's puppet

Good one

The dollar will never be replace only the inflation that comes with the dollar (Interest rates/bailouts).....The elemination of inflation backed by the gold standard will thrust the economy into recovery ..meaning universal pay that is backed by gold acting as a safety net and a source of a strong currency.....

With growing of commodity base power of BRICS, next agenda is wrestle the power of pricing commodity from the west, like precious metal (gold), food (mainly grain).

The idea is not to replace or overthrow the US dollar. At the rate they are going, the Fed will continue to print, and for each dollar of export shipped the producing countries will be paid a dollar of the US debt. Time and again, bucks are weaponized, and rendering many a sovereign no more than a colony.

You forget that China brokered a detente between S Arabia + Iran.

Of course debt should be more expensive to developing countries, as higher risk requires proper hedging or economy simply crashes

No intentions to replace it. Just to derisk.

The New Development Bank vs Central Banks is an interesting struggle for currency dominance.

BRICS currency are supported by gold while US dollar is supported by debts.

@joad8537

Ай бұрын

it’s supported by violence.

@ChadwickTheChad

Ай бұрын

Brics are supported by poverty.

@RoYal-xz5ch

Ай бұрын

😂hmm

@ChadwickTheChad

Ай бұрын

You'll have to stop depending on the US for basic things like youtube first.

@gengwanwong8783

Ай бұрын

@@ChadwickTheChad US you tube far too backwards

The dollar is the biggest scam ever.toilet paper

Russia and China have ~2100-2300 tons of gold in reserve. America has the most in the world (~8200). Any trasfer to the gold standard without roping in oil and non-US currency swaps opens that currency up to Napoleonic economic warfare 🤣

They don't.

Indonesia would be the new powerhouse

You didn’t answer your own question around the 9-10min mark. You just started talking about anything

All in to move from the dollar

everything ok till "the usd currency has not been manipulated to level of cny". who are we kidding, with qe, qe2, qt, purchase of ust via cayman, luxembourg... are these not manipulations?

Dollar is like newspaper printing wortles toilets paper

@drmodestoesq

Ай бұрын

So you're getting rid of your? And trading it for the Russian Ruble?

what the B GM with guiter strokes

Spooky music! BRICS is scary!!!

Euro was nice too, would have been better to add euro but also kept our formal currencies, then Europe would have less problems, the BRICS is going to be added but they all keep their own currencies, yes, I am totally for it, this is takeung away what was our mistake with the euro.. I will invest in this, knowing its also bound to gold standard 👍🏻👍🏻👍🏻✔️💯

Да ДА, печатайте дальше безостановочно, 10 лет и пузырь лопнет, одни долги...

Brics currency will be quantum currency!

US Fks dollar not just manipulating it by printing.

😀 super že padá dolár ktorý bol udržiavaný umelo

While this provide an actual strategy on investing and how to value stocks. After buying stocks for just over 3 years, i'm struggling to make gains. How do i adjust or revamp my 250k portfolio? Should i consider some defensive investments?

That’s ok I like the dollar

We are asked our millions for the dollars to do the development in our poor region.in central Africa

India supports an alternative to dollar.we aren't against dollar aa international currency.

Your wrong they've been printing all day long 😊

Соединить надо Индию Китай Россию и Казахстан Узбекистан Монголию и Белорусь, кто там еще Мож Турция и С Корея...

@reignbird

Ай бұрын

И эвакуировать на Марс :)

Originally B.R.I.C. Brazil, Russia, India, and China. South Africa was not originally part of it.

I want an AI channel.

Without trying to sound like a biased American, can someone explain to me how a bloc of Russia, China, and India is suppose to dominate the new world currency? These three countries cannot agree on literally anything especially in terms of currency. BRICS basically started between India and Russia when India wanted cheap Russian oil and wanted to pay with rupees. The Russians wanted rubles, and now here we are. China only complicates matters as India and China have a tenuous relationship at best. None of this includes Iran, South Africa, or Egypt all whom have varying degrees of economic turmoil. Do we really think China, India, or Russia will help any BRICS countries with bailouts any time soon? Who knows what US response will be if BRICS can ever get their shit together but that response will only make it harder for BRICS to dominate new world currency.

@andrewrogers3067

Ай бұрын

They can’t

@Sunopeek

Ай бұрын

Internal trade between BRICS will bypass the dollar using the nations local currencies. Over time, more and more trade will be done among BRICS without the dollar. Dollar market share will drop internationally. Future BRICS joiners will be confident enough to trade without using the dollar. This method will continue over a few decades until they build a new common currency or stick with their working system. That's the theory, I guess. This is more likely to work the less the world trusts the USA. Printing trillions of magic money during covid, sanctions on countries they don't like, their blatant hypocrisy in the Israel-Gaza war etc. These are the things that caused trust in the US and financial system to drop. No country wants to be at the mercy of the mood of a current US administration. So there is definitely international demand for the service BRICS is offering.

@Sunopeek

Ай бұрын

You're starting from the premise that the project has already failed or is doomed to fail. It's too early at the moment to conclude that. All the countries are aware of the challenges, yet they still join because they believe in the vision of BRICS and will do what they can to make it work.

@lucaschiu8989

Ай бұрын

It might sounds promising from the video, but just seems a bit like the "one belt one road" project to me

@acp2101

Ай бұрын

No matter the turmoil, these countries still trade valuable resources and this makes their economies expand more freely... at the expense of the US dollar and economy. The US sanctions will be less and less effective. This was mostly explained in the video.

God bless BRICS+5 😘😘.

good luck lol

Euro is the 2nd reserve and commodity trade currency after USD. This video is a joke. Like a BRICS currency.

@ftd7435

Ай бұрын

When EURO first started, ignorance jokers like you said itz a joke too so the video is not a joke but you are.

@gtPacheko

Ай бұрын

You're the joke here. Long live BRICS.

@dreggman429

Ай бұрын

It's still not a good idea to ignore it. Tho I doubt brics intention is replacing the dollar more like have one that isn't under us influence competition is a necessity

@JohnGeorgeBauerBuis

Ай бұрын

@@dreggman429yes, it is more likely that BRICS want to create an alternative to SWIFT.

@kaym7704

Ай бұрын

BRiCS is a joke. Half of it is authoritarian governments. The concept of it has been around for 30 years already and that organization is still a joke

BRICS - Bringing Regional Interest Collaboration Success

Gold will replace dollar in intrl trading 😂 😅

Yuan currency is not bricks currency 💵 ok

Nationalize all currencies and worry about yourselves.

I hope Africa to unite and have one trading currency with the world. That African currency shall be stronger than any European currency even dollar and pound combined. ❤ EFF (SA)

NOOOOOOOOOOOOOOOO

#Copper #Silver #Gold #BRICS #currency #world #bank ? & The #Twitter #Tesla #Bitcoin fool

Lots of gringos here avoiding reality 😮😮😮

Truth????

Q.- who is the enemy of US ? A.- any country that doesn't accept its slavery. 🤪

Itz toilet paper

A stronger gold currency,a Stronger America ,A stronger world Gpd ....

@chinaboss6683

Ай бұрын

Stronger bs. 😂

Pure nonsense that is what you're saying because gold reserves is the best thing to ever happen to anyone economy when you have gold reserves your country will always make money because they don't need to to trade in the USD and uro and they money will always be strong

#TDBank🌎💘💰

As a business owner, i hope this fails hard. This doesn’t benefit businesses since the currency would fluctuate too much and with so many country inside brics, the balance of power can only go so far with their shaky relationship

Euro anda ruble money brics 😗

❤

Never going to happen lol

Usa needs to change it's policy, they need to remove sanctions and make those countries it's allieds instead,. The whole americam continent needs to be on the same page for this to be accomplished, the resources in america are vast. And we won't need europe at all.

But what if BRICS forces the US and other countries to use their currencies to trade with them?

@fehgabriel67

Ай бұрын

USA hegemony shall come to an end

@weird-guy

Ай бұрын

🤣

@fehgabriel67

Ай бұрын

I think I got censored, I said the the USA shall collapse, and the world should be multi-polar.

@user-cs8wp6rs3u

Ай бұрын

No one force anything will be like feeling in love 😁

BRICKS ?? LMAO

BRICS bring #Mexico 🇲🇽 along with you. Before it ends up like #Ukraine or #Gaza

Задумайтесь много ли у вас товаров с надписью Made in USA? Большая часть товаров производится в Китае, поезд ушел тогда когда все посчитали их дешевой силой ....

Brics Bank competing with the US Dollar 😂😂 no way ,now they're asking for a bailout from the US

Ruble: .01 cent to every dollar Yuan: .15 cents to every dollar Simple answer, they can’t.

@johnl.7754

Ай бұрын

The 1 Euro/British pound is over 1 USD does not make it more valuable

@aryanchauhan510

Ай бұрын

1 Kuwaiti Dinar equals 3.25 United States Dollar

@andrewrogers3067

Ай бұрын

@@johnl.7754 And they still can't replace the dollar.

@andrewrogers3067

Ай бұрын

@@aryanchauhan510 And they still couldn't replace the dollar.

@aryanchauhan510

Ай бұрын

@@andrewrogers3067 well actually what I trying to say is that conversion number doesn't matter it's the acceptability of the currency that matters let's say there is two option to pay an equal amount of 1 million dollar in Japanese yen(153 million yen) or kuwati dinar(307k dinar) anyone in world would ask first to give in dollars if not then out of two there answer would be in yen. So acceptability matters to a global currency.

You pronounced hegemony wrong

@Chrismatoz17

Ай бұрын

Yes, the “g” is pronounced as”j”. Thank you! I thought I had been pronouncing it wrong all the time.

BRICS сокращение от B razil, R ussia, I ndia, C hina, S outh Africa

Gee they still talking about this? is been 5 years what are they waiting for? NO one can Replace the Dollar.

@danwelterweight4137

Ай бұрын

If they replaced the UK Pound you think they can't replace the USD. Look at all the countries joining Brics. Those are all the natural resource countries together with the largest manufacturer and trade partner of the world. If they have the will they will find a way. The US is stealing, confiscating other peoples foreign reserves and using the USD as a weapon for too long Nobody is going to put up with that stuff for too long.

@John_Doe448

Ай бұрын

My boy thinks a multi-national project which still is in its planing phase will be done in a few years (they just introduced the idea but one debunking after the other). Even without the introduction of a new joined currency, Brics already brought down the use of the dollar on the world stage. Stop living in the past.

@user-jo5is5pj7e

Ай бұрын

Already happen. But You gringos try to stay inside your own fantasy that tour country is the whole world. Hahaha

As an Indian I will never f*cking use the yuan. period.

@drmodestoesq

Ай бұрын

I know. These countries hate each other.

@virginparadize7806

Ай бұрын

then go back to worshipping the British.

@ashutoshsawant9883

28 күн бұрын

@@virginparadize7806 India is a bigger economy than Britain and also the current British PM is of Indian origin. What do you even mean by worship the British ?? Only Gods are meant to be worshipped

I feel that the unlikely forerunner to seeing if the modern physical backed dollar with resources such as gold will actually be decided by the performance of Zimbabwe's ZiG dollar notes. It's the first time in a while emphasis has been placed over a gold backed note and if it doesn't perform well it could reflect the possible performance of the BRICS currency. The same could said for it's success

I just can’t take south American countries seriously.

This video somewhat neglects to mention that a lot of current economists belief is that the Chinese economy has in fact peaked and will actually decline.

I personally appreciate how the emerging countries are trying their best to counter USA & its $$ thing. Its pretty scary for a standalone country to exercise that sort of power. Anyways the good news is this that USA is undermining itshelf, and in the coming days I can see it falling.

@anthonyk423

Ай бұрын

The dollar is accepted all over the world including all BRICS countries. Ever not Chinese businessmen and women prefer dollar over the yen until China forced them to use the Chinese currency. Developing countries couldn’t use their own currency because nobody wants the currency from a developing country since it’s unstable.

The United States will be fine. Look at the underlying fundamentals, and the US comes out ahead of most countries and will continue to do so. And honestly, the dollar no longer being a reserve currency would be a good thing for the US

@dzonikg

Ай бұрын

It would be disaster to US because US spend trillions more every year then it earn ,and that trillions print from air are paid by rest off the world

@ericpowell4350

Ай бұрын

😳😳😂😂😭😭🤣🤣💀💀💀

within this decade China will over take US as the biggest importer... so this argument about US economic dominance doesn't make sense anymore. especially taking the risk that the US has a habit of seizing other countries asset, it is no longer a secure medium of exchange. as to how the BRIC currency will be backed, simply with currency swap. we have been doing this in Asia since the Asian financial crisis in 97. so we have already proven this model can work and China has been preparing for it for 2 decade now.

@alvanrigby6361

Ай бұрын

Doesn't detract from the fact that the Chinese currency is not an easily convertible currency. Also are you certain that China will become and maintain a position of the world's largest importer?

Allah U Akbar.

💶💶💶💶 euro is the future

@AddictedGamer-tt6xn

Ай бұрын

huh never

@acp2101

Ай бұрын

Cutting themselves off from cheap Russian energy makes future rise of the Euro impossible. And Africa will not let Europe in particular exploit their resources again.

@med-ed.1793

Ай бұрын

why would nations use a currency that's used as a means to siphon resources and control economic growth??

@selenium-es7hl

Ай бұрын

The dollar will be the superior currency to all currencies. The dollar is the master currency of all currencies. 😅🤣😂🤣

@med-ed.1793

Ай бұрын

@@selenium-es7hl everything based on thin air, eventually will buy just air

gg

haha it will never happen

Brics is a joke...

Free Palestine الحرية لفلسطين