BRICS Currencies Crashing

[@kimwelch4652]

The problem with the idea of a BRICs currency is that it's like electing a Pirate King. It will never happen because everybody votes for their own currency.

[@jakleo337]

It's like ' herding cats '.

[@pedrolopes3542]

And yet the Euro exists... And is alive and kicking.

[@PeterKnagge]

The global USD reserve share is slowly dropping, while dedollarisation is gaining popularity.

[@JavierSoto-t6z]

@@pedrolopes3542that’s all on one continent though not global like BRICS

[@curiositycloset2359]

Youre missing the point. Its about going back on the gold standard. Therefore, point is moot.

[@Lookingforsanity]

I always wondered how BRICS could really work if none of the countries trust each other.

[@prebenpetersen5982]

Stop wondering. It can’t. Brics is a pipe dream. If you bundle 10 pieces of garbage it doesnt turn into gold It will still just be garbage

[@poldark23]

Like the euro?

[@andymoore9977]

@@poldark23 Trust is relative. How can one trust any of the BRICS countries?

[@randydrew66]

@@andymoore9977 As a person of color, I don't trust any western country given how most of them simply want to kill anyone that isnt white.

[@BabyBird691]

@@poldark23Reread the question.

[@abcde_fz]

The problem with BRICS is, and has always been, the fact that the nations involved do NOT share a well-defined common goal. "Replacing the dollar as the world's reserve currency." does not count as strong enough motivation for this kind of alliance.

Not when they're vying for power for each member. Greed is why they can't beat the US

[@avalagum7957]

makes sense

[@chrisjohnson9645]

They are also all fascists, which means that merit does not exist, only loyalty to the supreme leader. The US will soon join them as Trump takes us fascist. When the intelligent are the enemy of the state like they are in fascist nations, things tend to go south economically. Especially for the serfs. The leaders, like Putler may cling to power for a long time but the country always fails economically.

[@NefetariMoonRay]

OKAY YOU CAN CORRECT ME IF IM WRONG?!!! BUT THE WAY I SEE THINGS IS THAT IF ALL CURRENCIES ARE TIED TO THE SAME BANK PAY ROLL AT THE HIP: THEN SURELY THIS MEANS THAT PUTIN CAN MORE AND MORE AND MORE GRAB THE OTHER'S WALLETS TO PAY FOR HIS AMASSING WAR DEBT AND GAZPROM DECLINE. ? OR AS KGB HE WILL START SHOOTING PEOPLE LIKE OLIGARCHS AGAIN TO GET THE SHARES. IF HE HASNT ALREADY OMG.

[@grantjohnston7148]

tRump

[@mdj.6179]

This is the update on BRICS I was waiting for. Thank you so much...

[@JonathanB138]

I find this video interesting, because BRICS just invited 9 more partner countries starting Jan 1, 2025. They are Indonesia, Malaysia, Thailand, Belarus, Bolivia, Cuba, Kazakhstan, Uzbekistan and Uganda.

[@jcg5541]

Jealousy & bitterness is a poor financial & economic methodology.

[@jasontroy3911]

Where are the bots that told me BRICS is gonna replace the dollar

[@MarkHeathcliff-bf2im]

They ran out of funding

[@jamieflame01]

Sorry I'm late but here I am. BRICS IS OVER 9000!!!

[@nonameinsouthafrica3315]

You are a bot if you think you can judge the future based on a video about currency movement in 2 months.

[@ulfosterberg9116]

​@@jamieflame01Nine thousand Jamaican cents?

[@samfetter2968]

@@nonameinsouthafrica3315 it's not as if an analysis of that movement over lets say the last 50 years makes the prospect any better. At that rate BRICS needs a couple more centuries to even come close to the EU...let alone the US.

[@rebeccawhite9395]

Its seems both ironic to me AND justified, that the very currency Brics is trying to take down, is the only currency anyone wants when their currency collapses.

[@cpcattin]

This is the best - to the point comment.

[@waelfaraj6705]

@@rebeccawhite9395 Up till now , 88 percent of the world trade is in the usd and 58 % of the world reserve currency is still in usd ... The Chinese yuan is still not completely convertible to usd and Euro inside China and people are not that completely free to move out the capital from China still ...

[@GeoEstes]

It's a bit like military hardware. Any country with cash restrictions would buy Soviet systems because they were cheaper, but when it came to war, they were inferior. Second-rate. BRICS currencies seem in the same category to me.

[@tims7250]

Maybe bricks should be renamed to couldn't catch a ball if you placed it in their hand.

[@waelfaraj6705]

The Chinese Yuan is not totally convertible to usd in China as said ...

[@peterflohr7827]

At least they already have a name for their new currency: the Brick.

[@dadgarage7966]

And it will sink like a brick.

[@555frontier]

Hard currency

[@NefetariMoonRay]

HAHAHA THE RUSSIANS INVENTED THE TETRUS GAME. 5000 POINTS 'IF USR DONT FLATTEN PUTIN'S WALL!!!'.

[@QuantumChrist]

​@@555frontier, but cheap

[@phoenix5054]

From Rubble to a Brick… that’s progress. 😂

[@slamtilt01]

I think their main problem was thinking that they could replace the US$. Rather than just focusing on building their own connections to each other with trade and diplomacy.

[@wneikeu9662]

Danke!

[@thesnarkreactor]

Russia: "Hey India, want to join our trade alliance to fight the dominance of the US Dollar? Oh no, we won't take your currency; USD only please." lol.

[@johnpieratt1474]

Well done Snark.

[@mrwong8584]

at the BRICS summit earlier in Russia, participants were advised to bring dollars as spending money! as the ruble was not trading😂

[@waelfaraj6705]

The devaluation of the ruble allows Russia to make more rubles per dollar to reduce budget deficits and save its foreign liquid reserves ...

[@waelfaraj6705]

The usd still accounts for 88 percent of the world trade transactions and this takes decades to possibly change ...

[@ulfosterberg9116]

​@waelfaraj6705 yes, hyper inflation is such a good product. We should all buy one...

[@SiLaChaCha]

Happy Holidays!

[@frekihelviti]

Thank you i been pointing this out for years with russias colapse chinas failure to prop them up india being discriminated against by the other two and south africas colapse. Glad someone more informed ia covering this in detail.

[@johnpieratt1474]

Never in world history has a collection of poor and or corrupt countries banded together gather with any coherent fiscal policies. It still hasn't happened. 😂

[@coloaten6682]

Russia hasn't collapsed.

[@nonameinsouthafrica3315]

How is South Africa collapsing? I must be living in mars

[@frekihelviti]

@nonameinsouthafrica3315 history of everything podcasts does a video on it along with many others. Just google it. majority of the country was left with out power as people looted the powerplants for copper precious metals and parts, leaving the powerplants, factories, and hospitals inoperable. Hospitals are on backup power, limited to hours a day. All made possible by staggering amounts of coruption within the government. Governments employees offer over budgeted contracts to unreliable maitinance companies literally started the day before by a relative to launder money out of the country. Then said the company goes to perform "maintenance" which is really them getting the motors generators and wiring to sell for profit and leaving the building in complete disrepair. This started years ago and is still on going last I'd seen.

[@brawndothethirstmutilator9848]

@nonameinsouthafrica3315, You’re not noticing because it’s “business as usual” for SA. Your country has been in a state of collapse for over a decade.

[@ronaldl9085]

Waiting for a BRICS currency is like asking for unicorns.

[@youfoundme2022]

The symbolic banknote was printed in October 2024 in Russia. So it looks like that’s the only note in existence.

[@maalf1304]

gringos

[@amvedin]

And expecting you to make sense is even harder.

[@PauloDLara]

You are the frog in a pan !! lol

[@ronaldl9085]

@@PauloDLara How much have you invested in Russia, China, Brazil, India, Iran, Indonesia, South Africa yet? Are you already ahead of all the frogs?

[@cathe3633]

When those same currencies are compared to the US dollar over extended periods of 10 years, 5 years and 2 years, what we notice is the shrinking margin of the USD as it continues to weaken against those currencies is in the long run. This trend is consistently evident comparing currencies of the G7 countries as well.

[@reincarnatethylacine70]

There's too much potential for discord amongs the BRICS partners.Geo-political tension with India and China actively engaged in a border dispute, China issuing veiled threats about recovering Russia's Far Eastern Territories and Brazil and South Africa being largely irrelevant. The biggest members of the group simply don't trust each other and that makes it almost impossible to create a strong and unified organization.

[@S0ulinth3machin3]

that's always been my take on it. In the long run, Russia, China and India are not natural allies, not with 2 of the 3 having expansionist ambitions.

[@nonameinsouthafrica3315]

If that was true Russia wouldn't have an economy by now.

[@brianboye8025]

The mythical narrative is that US dollar dominance hurts all these countries so severely that it counters any internal BRICS discord. However, steady growth in the China and India economies was under such dominance. Hhmmm?

[@johnpieratt1474]

This is no agreement made in heaven and devil himself wouldn't want it either.

[@rsacitizen6151]

Among the BRICS nations South Africa is the BRICquette a small economy too much corruption in its ruling political party.... With the fall of apartheid in 1994 the Dollar was worth R3.40 today 2024 Dec its over 18,30... Its amusing that there was more people in work during the apartheid era under economic sanctions than today South Africa with no economic sanctions and Brics but theres about 36% of the population is out of work today

[@jtf2dan]

They all crapping BRICS now!...too funny! 👺💩🤡

[@robertgrey6101]

Very funny.

[@pauldean8638]

According to who ? This clown ! He’s got nothing right ha ha ha

Trolls can't take it

[@PeterKnagge]

PPP (GDP) China is 1st for over a decade, steady 2% inflation for many years, Chinese GDP has grown double 🇺🇸's. India's GDP has grown triple 🇺🇸's. 🇺🇸 lost Trump's last trade war & has horrible inflation & debt. Apart from a few billionaires making 🇺🇸 look nice on paper, 🇺🇸's economy is pitiful, you won't hear any of that on Western media.

@PeterKnagge jog along clown

[@AlistairSaldanha]

The Indian rupee has depreciated by **approximately 1.4%** against the US dollar so far in 2024

[@Yourbrightspot]

Aud Canadian have gone down the drain.

[@DanielArnolf]

That's right, he said a depreciation of more than 22%, which is obviously incorrect.

[@ananthan8951]

In fact almost 2.4%, and actually not too alarming. It did 11% in 2022.

[@user-fx2oo3bi9c]

Trump already talking about bitcoin that means US dollar will burst soon.

[@ENNEN420]

When you make a trade agreement with the idea to overtake the USD, having India, South Africa and Brazil as some of your most illustrious headlining countries is a guaranteed failure.

[@alt1f4]

And india is any better? The entire country seems to be one step from colapse everyday

[@phoenix5054]

I’d bet on India over Russia anyday though.

[@jaigagandeep.s5100]

@@alt1f4bullshit

[@chetanpatil1654]

​@@alt1f4 i agree. But still india and south africa have some importance on global level but Brazil is the real weakling. I don't know what can Brazil contribute to the group or global south.

[@DntKnow-m4x]

How is it crashing when it hasn't gotten started yet??

[@marcusaurelius9123]

He's talking about the currencies of brics countries

[@michaeldonovan6076]

it started 3yes ago as an idea,,now its a realistic failure in its infancy,,shore those members China,India,Russia,,haven't been bottle weened yet.😂

[@Alan_Clark]

6:00 The rupee has gone from 83.1 to 84.9, which is about 2.1%, not 22% as stated.

[@Joshua-Dv]

Correct😂

[@sunnyboner676]

This is how propaganda works. Joe spews incorrect numbers and people buy it because, if it’s on KZbin, it must be true 😅

[@Gulga123]

yeah someone should pin that comment i was confused too ^^

[@kapilsethia9284]

Imperial math

[@danielalexander799]

You can't combine 5 failing economies and end up with a success.

[@MrKogline]

A negative times a negative equals a positive, so you have to double down.

[@z.deutch1334]

They're almost like the losers club

[@z.deutch1334]

They're like the losers club

[@markpukey8]

Wasn't there a Mythbusters episode where they did turd+turd+turd+turd = diamond? I'm SURE there was!

[@anuragchakraborty8766]

Who are you calling failing economy? Google which country currently has the fastest rate of GDP growth

[@markfischer3626]

The exchange rates of Russia's and China's currencies has been highly manipulated by their governments. Their economies are generally doing meh in the case of India to horrible and likely to collapse in the case of Russia and China. The notion of replacing the US dollar as the world's reserve currency is absurd for many reasons. The US economy may suffer a recession but in the long run it will power ahead far beyond its already great lead. Based on the latest data I've got from the World Bank's web site for GNI/GDP ratios, and PPP, China's GNI not adjusted for PPP is 2.3 trillion dollars while the US is 23.5 trillion dollars. The US income is ten times China's. This is using China's GDP numbers which might be dodgy. The US dollar based on US GNI is greater than all of the broke BRICS combined.

[@curiositycloset2359]

Totally missing the point, But yeah.

[@bamahama707]

But who owns the most gold?

[@markfischer3626]

@bamahama707 According to the official account the US Department of the Treasury owns the most with 8,100 tons. It once had 27,000 tons. Gold is a terrible substitute for money. That's because there is a finite amount of gold in the world but there is no limit to the amount of wealth that can be created by people. Therefore as the growth of wealth outstrips the mining of more gold the value of gold will go so high that most people won't have any and the entire system will break down. So what backs fiat money? The wealth of goods and services people will accept it in payment for. Despite the fascination people have had for the soft yellow shiny metal that doesn't tarnish it's practically useless. You can make ornamental objects out of it and electroplate low voltage electrical connectors with it but that's about all. I don't know if it's used in dentistry anymore.

[@bkbasu]

Your analysis evaluates the values of BRICS currencies with respect USD at present when all trades are conducted in USD based exchange rates and the value of USD is determined by the supply/demand of the US currency. The demand of USD will drastically reduce and thereby its value when BRICS and their new members starts their trades in their own currencies. These countries do not need to earn USD by selling their products to USA. The BRICS will earn the USD when USA will buy products from these countries. USA has managed to export their manufacturing and jobs to China and other countries for last few decades for cheap labor and profit. It will be time consuming and expensive to bring them back at higher US labor rates. It will be interesting to see which way the wind blows.

[@stischer47]

Who wants a currency like the ruble which is collapsing? Oh yes, Putin's running dogs.

[@pobertubbesing]

I love how all the BRICS countries making fun of the USA. They were so convinced that the BRICS were going to take over.

[@richardblinn4811]

The rupee fell 2.2% not 22% based on the chart shown.

[@dasbrot4777]

Thank you for clarifying

[@tomfull6637]

You beat me to it.

[@NiceBot724]

Exactly! That’s what kept bothering me too

[@gm-zz8so]

The Rupee is like all third world currencies.....toilet paper.

[@duanehorton4680]

2.12%, actually (1 - 83.1/84.9). He also screwed up the Brazilian Real and Russian Ruble calculations.

[@asid448]

But...but...We are all in Brics! Why won't you take my Rubles as payment? "Sir...they are worthless."

[@joshuamatkin8306]

Those countries low key hate each other

[@FreyjaFoxx.x]

They just hate american power more. Thats the main thing uniting them is a dislike for america.

[@The300zxsupra]

And they can't stand the bully USA either.

[@notsure1135]

I reckon they hate the anglosphere more though…

[@rickrollrizal]

They do. India and China just had a border skirmish. Russia hates China for defective weapons.

[@patrickfrost9405]

​@@notsure1135 3/5ths of the BRICS countries can't stand toe-to-toe against smaller nations that are literally on their doorstep, AND they would betray each other in order to be the one who makes the finishing blow against the west. I'm not intimidated.

[@moffig1]

Thanks for your informative videos, Joe

[@troypollonais9143]

The best part of this video was the cat at the end 😂

[@stischer47]

Too bad you came and spoiled it.

[@larsp5109]

Brics? Prics you mean…

[@truthalonetriumphs6572]

What's your age? Juvenile?

[@nonameinsouthafrica3315]

Westerners are hilarious, they make childish jokes when they don't have something clever to say

[@nikolasbeitia]

​@@nonameinsouthafrica33153rd world warlord meatrider bots are hilarious, they ignore all data and have wet dreams that their country will dominate the world and become the dominant superpower.

[@ChristyBermingham]

​@nonameyou want a joke ! PUTIN! Your welcome 😅😅insouthafrica3315

[@sweetpuppies1065]

@@nonameinsouthafrica3315Be honest, that was pretty clever. Not to mention pretty funny and rather accurate as well.

[@robynandrews4384]

27% of the world GDP really isn't a lot when you factor in the land mass and population of those countries, and what resources they collectively own. Corruption, greed and incompetence was a blessing for the rest of us, but Americas corruption and greed really needs to be addressed too.

[@mandarinandthetenrings2201]

You need to understand the BRICS economies where always bad. But it because of American "Globalization" that allowed them to rise and make some money. But many of them have not reformed themselves from the colonial days. So they would need to do massive political and economic reforms to really be more successful.

[@Surfer-727]

@@mandarinandthetenrings2201 Like giving them the internet for example. ( Note: it is called the interment not the wide world web like Europe likes to think )

[@anuragchakraborty8766]

Soon it will cross 50% of world GDP

[@swingro2011]

@@anuragchakraborty8766 When?

[@giasan5265]

@anuragchakraborty876, trust me, soon will be 100%, the entire globaly GDP will be generated by BRICS and its population will speak a mixed language between mandarin and russian.

[@MonBilly78]

BRICS countries have clashing geopolitical interests. Some members face corruption and governance issues. Their economies vary greatly in size and stability. Human rights records are often questioned. They lack a strong, binding institutional framework.

[@Apophis1010]

Clashing authoritarian egos too.

[@Kyle-sr6jm]

The have a common interest in both destabilizing the rest of the world and immunizing themselves from sanctions due to military aggresion.

[@PietSneeuw]

It's just a ridiculous attemp at gaining power. All those countries have major problems. Let them first fix the living conditions for their people before they attack the Western world.

[@quentinwilliams1158]

This is the way. From the beginning I was laughing asking how could all these corrupt counties trust each other.

[@nonameinsouthafrica3315]

​@@quentinwilliams1158that's a very narrow view of the world.. If we are talking corruption USA is top 3 but we like to mind our business unlike them.

[@theconqueringram5295]

Useful video as always!

[@philipnguyen3107]

Thanks so much for your information and analysis.👏👏👏👏👏👏🎄🎁

[@krisradjpaul278]

The idea of BRICS was first proposed 2006 than in 2009 regular meetings started, that’s a long time with little or no progress.

[@rbs9131]

Thanks for BRICS update.

[@Tristinfate]

My home state of California nearly doubles Russia's gpd all by itself.

[@prebenpetersen5982]

Yeh, but Commiefornia is an economy pumped up by inflated values. Put a tax on something and GDP grows. But nothing is really created extra

[@duanehorton4680]

GDP

[@DownUndaDigga]

What Americans are completely ignorant of is that its spectacular wealth and freedom (still) was prophesied way back in the book of Genesis some 3700 years ago. And now at the End of the Age because of America’s hedonism and unbelief it will al fall into a sinkhole from which it will be extremely difficult to climb out of. America is Jacob’s grandson and his name is Manasseh!! Trump’s re-election is testament to America’s imminent demise. America has become a nation of fools.

[@Surfer-727]

Russia is spending there reserve money for there military which creates an artificial GDP., thus it is worse than that. The Russian money reserve is the size of Ohio's money reserve.

[@duanehorton4680]

@@Surfer-727 Their, not there.

[@rafaelbenavente68]

Thanks for all your reports extremely informative and factual, all the best to you and your family these holidays!

[@jeromehaymaker5071]

This discussion should be, doess the world need a reserve currency? Gold does that just fine.

[@stephenoneill245]

Without a common fiscal policy, you cannot align all these various currencies into one. The last time this was tried was with the € and it worked, but stringent control is necessary because of the varying GDPs of the member states. Luckily they are all relatively stable in global comparison. Without failsafes, as soon as one economy does a nosedive, it pulls the others down with it. In the case of pricks, it looks hopeless for the time being. China and India should think themselves lucky they are not financially tied to Russia at the moment, who may not last until next summer. Additionally, the Indians and Chinese are at loggerheads over a lot of things relating to China's expansionism, even fighting at their borders. I believe India's rationale for supporting a multipolar world has more to do with that than challenging the dollar. One of the biggest hindrances to pricks will be, however, Putin's wish to be the boss, despite having such a puny economy.

[@curiositycloset2359]

Ah, but you can. The point is to go back to he gold standard. This mitigates everything you've said, and would shelter them from American manipulation. The whole point is to slowly create the conditions to do this. Not whatever jo is talking about.

[@samfetter2968]

​@curiositycloset2359 😂...you again. They do not have enough of the stuff to even try and not collapse the moment they do😂

[@mandarinandthetenrings2201]

I've got bad news the European Union is going fall apart. Germany is paying most for it but soon it going crash out which means it falls to France to pick up the economic burden and they simply can't do it. Once that happens France will leave the European Union and so will Germany. So you need to brace yourself for what is to come many things will start collapsing.

[@samfetter2968]

@@mandarinandthetenrings2201 oh really? I would love to see some evidence for that. Cause I get told that by people like you for a couple decades now...and it just doesn't happen 😏

[@willvangaal8412]

@@mandarinandthetenrings2201 Hahahahaha , dat zouden jullie wel willen maar dat gaat niet gebeuren , de euro is samen met de dollar de sterkste munt van de wereld , fijne dag nog brics lover .

[@daniels.3062]

None of these countries trade with each other in any meaningful way.

[@ProfessorFickle]

Well Russia had to Trade with China when EU put sanctions.

[@jeevankikahaniya6339]

Indian china trade is over 120 billion USD

[@daniels.3062]

That's a drop in the bucket for the two most populous countries in the world. US/Mexico trade is worth $807 billion and US/Canada trade is $908 billion, and we're a fraction of their population.

[@jeevankikahaniya6339]

@@daniels.3062 you keep printing dollars it will go up... That's why USA is in 36 Trillion usd in dept .... Once De-dollarization happens the dollar will reduce its original value of being worthless .

[@generalbenjaminarrola340]

A china é o maior parceiro comercial do Brasil 😮

[@dnice374]

You provide an important service and I'm grateful for the content, Joe. Thank you for your continued sharing of facts!

[@michaelcox573]

Yes i already liked your great content - but then the cat made me howl with laughing !!! 😂

[@oteyokwa2544]

It appears the Brics nations are not allowing the Brussel Bankers & Politicians dictate the needs and wants of its citizens...

[@CalgarGTX]

It's not a new currency it's a special simultaneous bankruptcy operation

[@donaldclifford5763]

Losers convincing losers that they're not losing.

[@howlernorthamerica5899]

Always a clear report, thanks

[@jpa5038]

Brazil = small developing economy with some potential, should abandon BRICS and focus on attracting Western tourism Russia = collapsing economy, fully isolated after it decided to try to enforce its delusions of Imperialism, will soon be fully destroyed Iran = weak economy, greatly diminished to the point it can't even project power in its own backyard, political instability will lead to a second Iranian revolution soon India = strong economic position, one of the lone bright spots in the group, needs to focus more on infrastructure and raising the standard of living of its citizens, is the member of the group best served by leaving the group immediately. China = strong position as the world's exporter but decades of falsifying economic data and chasing impossible sustained economic growth have set it up for a massive financial reset, really bad at choosing its friends, not as deluded as Russia in terms of Imperialism but it might get there in time South Africa = the bright spot in Africa, aligned with BRICS due to colonial history, more in line with the West than it thinks it is It's not looking good for BRICS. Russia and Iran are teetering on collapse. If China tries to be more like Russia it too will collapse in a war of choice. Brazil, India and South Africa would do well to abandon BRICS in favor of the West. There's much more economic opportunity in doing so than sticking the losers of the East.

[@SM-mb5kq]

Agreed. South Africa, India and Briza literally gain nothing from aligning themselves with Russia, absolutely nothing. It's quite sad because those 3 countries have alot of potential.

[@colinvanderross5825]

As a SA'CAN I thank you for your advice but sadly my beloved country is sitting with a lot of slow and ignorant thinkers within our government as most blacks think that they SA owes their life to russia and China for what russia and China gave them years ago under different circumstances without realizing that things have changed, my blacks brothers and sisters don't even give credit to their own SA'CANS of different colour that help them to where they are today,all the credit goes to China and russia.Then lastly my clever president who is one of the main puppets leading the pricks against the dollar was found to have dollars for Africa stuffed in his sofas,now howz that for fighting the dollar???????All of them pricks got super rich from the dollar,putin tooo.period!!!!!

[@bokhans]

India haven’t in 77 year managed to give every citizen a decent toilet, millions need to wait until night and darkness to go out in the forest to deficit. Men pizzing everywhere at every minute of every hour and in public, the stench is unbearable all over India. India is a fourth world country and with a ultranationalist (fascist) leader dividing the population there is very little to be hopeful about.

[@LucasPereiradaSilva]

Brazil should integrate better with the world economic system, the country is extremely hostile to imports. They impose a uniform 92% tariff on all imports, no matter the value or size.

[@nonameinsouthafrica3315]

😂😂😂😂😂😂😂 By your logic, South Africa is only good enough as a Safari for Americans 😂😂😂 that's how we can be of service to the west?

[@EricSchafer-b1k]

Very good video.

[@ericxxxx-UC]

The fall in Indian Rupee against the dollar from 83.1 to 84.9, a fall of 1.8, equates to 2.2%, not 22% !

[@robertcarter9350]

Quite correct. That’s a major mistake, and very misleading.

[@dougstevens119]

this is at least the third arithmetic mistake Joe has made in his last few videos. if you can't get the math right you may arrive at the wrong conclusion

[@bpd9660]

India has dine the best of those countries vs usd

[@grantp4022]

Very true, only a decline of about 2 %.

[@gitamic2287]

Most likely reading off a script and missed the decimal point.

[@marcbright6758]

Holy shit dude you got your channel back? This is great news. 🙏🏾

[@tryscience]

Your math on the Indian rupee against the US dollar is wrong it is not a decrease of 22%. It's more like a decrease of roughly 2%.

[@backlogbuddies]

2.2% to be exact.

[@PGinHolland]

@@backlogbuddies that;s what i Thought also

[@juliecole3962]

Good to hear!

[@englishwiththecoopers2368]

Your work is excelent.

[@edwardhamm5535]

"Trades Down" yes!!!...(watch out for the roosky bots, they hate your truth telling.

[@ExaltedRadomir]

Comparing these charts against the US dollar is like comparing a piggy bank to a money printer-one saves, the other just makes up the rules as it goes. DXY is overheated, especially after elections....

[@petersinclair3997]

The DXY is trading normally at 107, against its 100 index 1972 benchmark. Saving? Depends on the currency being saved. De-dollarisation complementing BRICS plus remains luny tunes. The US is the Centre State of the West, while the West controls the World’s bond, currency and equities markets.

[@paulorobertogoncalvespaulo5107]

BRICS SHUT DOWN😀😀😀😀👏👏👏👏👏👍🏻👍🏻

[@Surfer-727]

" The trend is your friend." 😃

[@VEVJVR]

Always an enlightened view of the economies of the world. 💯👍

[@annsantonino9103]

Thank you for your breakdown!

[@AmericanMike815]

This was very eye opening! Thank you for another interesting post!

[@DoodleHats]

BRICS was never serious. everyone knows this

[@rcchin7897]

Everyone except those who believed the bots!

[@ingridgrattidge5887]

Thank you very much for your succinct , detailed reporting. Most appreciated. 👍👍

[@uplink-on-yt]

I think the cat trying to drink water at the end summarises BRICS quite well.

[@MegaBob222222]

All the times that this Blog guy has predicted the demise of Russia, Brics etc... there should be nothing left over there. You have been warned ;. this Blog guy is full of HOT AIR.

[@wellardme]

Exactly! Everything he's said about Russia has been wrong

[@GiuseppinaLyle]

I love how you broke down the XAI555g project in your video! Can’t wait to see it skyrocket!

[@hardyakka6200]

I bought a whole pallet of Bricks. I hoped they would grow in value.

[@floxy20]

You receive a BRICS currency, such as the rupee. Now what are you going to do with it? To use it (other than to buy something from India) you will have to convert it to U.S. dollars - and pay a conversion fee. Very smart.

[@MrExec3549]

Mr. Blogs, thank you once again for your excellent and intelligent economic commentary. Every time that I watch your videos, I feel as though I’m in an economics course in a top university.

[@lawrenceguenther7243]

Good information, but one correction: The Indian Rupee fall is 2.2%, not 22%.

[@mike4480]

Thanks Joe

[@mike4480]

for the update, and for the work that you did putting the stream together … 💙💛💙

[@jamielandis4606]

Thank you for explaining this. I’ve been loosely following BRICs thinking it could be very important.

[@ImSquiggs]

Brick videos make me think of airplanes more than houses

[@gargoyles9999]

The west better watch out they got Ethiopia in their club

[@ua697]

😎

[@gaywizard2000]

Oooga booga!

[@MR707videos]

India's economic gdp is now higher than British gpd but they have a population of 1.5 bil vs 75 mil so per capita British gdp is much higher

[@BigDaddyButtMunch]

Plus they have millions in UK and Canada sending money home, if UK, Canada, Australia and US deported Indians they'd be screwed.

[@GamzeNur-g2n]

Can't believe I almost missed out on Cardano and XAI555g! Thanks for the heads-up in your video!

[@jip254]

Useless troll

[@brianholland997]

A currency based on two countries that are almost at war with each other (India and China)

[@libelldrian173]

Comparing all these currencies to the dollar instead of gold is laughable.

[@Surfer-727]

⚠Caution: Gold can have deflation and it is double taxed as few seem to know.

[@marcusaurelius9123]

News for you. The USD is the currency used the most in international trade. So it's not laughable

[@agentotaku9136]

The main issue with the BRICS currency is that the only nation capable of backing it up technologically and economically is China and the biggest issue here is the second biggest economy in this block is India which doesn't trust anything China coughs up much less a currency that a communist country controls where India a capitalist cannot trust. Russia might be okay with it but not India for this to work either India makes it and China backs it or China makes it and India backs it. The more ideal fix for this dilemma is to just trade their own currency with each other but we all know the dollar is more established and is connected with all systems which still uses the dollar when it converts.

[@petersinclair3997]

China’s Yuan CNH isn’t a reserve currency. The reserve currencies are the USD, Euro, Yen, GBP, AUD, CND and CHF (Swiss Franc). Any volume positioning achieved by the Yuan CNH and Rouble has been achieved through currency swapped not regular currency trade.

[@mandarinandthetenrings2201]

You are partly right. You see India did wanted to create an alliance with China, India, and Russia but the problem is that each country see itself as an old Empire with their own imperial ambitions. And worse no one wants to admit they need each others help.

[@craigriley8317]

Well done, Argentina !! That is something said 💫

[@meynardocustodio2477]

@craigriley8317 MAGA 2 MAKE ARGENTINA GREAT AGAIN ... MAGA 1 MAKE AMERICA AGAIN

[@jamesponder872]

Black rock tool selling out the country

[@christianlibertarian5488]

I have come up with a name for the putative BRICS currency: the Realupee (pronounced Reel loo pee). It would seem to be a better fit, phonetically, to the currency than using any of the groups’ actual currency.

[@Fish_Ventura]

I like it

[@peterflohr7827]

loo? pee? Hmmm...

[@christianlibertarian5488]

@@peterflohr7827 loopy

[@AlanSari2714]

Good on you

[@sreenivassharma7186]

Expected news from you

[@julionahualt6113]

2009 BRICS arise and never went to the top, maybe was a 3 days Special Operation.

[@Travis_22]

Cue Russ-bots...😂

[@nickhtk6285]

They like to show up in replies. Its safer there.

[@1djbecker]

I'm here waiting for their replies, hoping to catalog any new talking points. It's unusually slow today.

[@robertshiell887]

@@1djbecker they aren’t getting paid! 😮

[@PashaSlavaUkraine]

Joe best channel ever hope me say I g MAIN MAN JOE doesn’t offend you. 💪😀

[@Kin-28-8]

At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash anywhere else.

[@Theodorebarba]

Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.

[@Grace.h-t8o]

I concur. In light of individual experience working with a financial adviser, I presently have over $1m in a very much enhanced portfolio that has encountered dramatic development. It's not just a matter of having money to invest in stocks. you also need to be knowledgeable, persistent, and have strong hands to support your investment

[@Agatha.wayne0]

Please who's this advisor that guides you?

[@Grace.h-t8o]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with Stacy Lynn Staples for about five years now, and her performance has been consistently impressive.

[@DhanaPayar]

Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.

[@kennethng8346]

I see two problems with BRICS ever becoming a major player. 1: India, China, and Russia really don't trust each other. My opinion is they would have no problem stabbing each other in the back to get an advantage. 2: Each of the BRICS seems to be saying the following: we must be united against the US Dollar. Give up your currency and embrace mine as that new united currency. Not giong to happen. What could be a major force is if all of the countries agreed to give up their currencies and go to a single new one (like the Euro).

[@user-tp2tm6fy9i]

Russia and india don't trust each other lmfao what a clown

[@danielgrubb9668]

So much for BRICS.

[@TechnoRiff]

Peter Zeihan has been rationally analyzing BRICs for years, and he still says most if not all of these members would prefer USD to any other members's - including their own at times. 🤣

[@donaldclifford5763]

Only reason for BRICS is sanctions avoidance.

[@mrjerzheel]

Gold is better than USD

[@TechnoRiff]

@@mrjerzheel Currently, it seems that these BRICS nations have a hard time implementing a system that would compete with the USD - gold backed or whatnot

[@donaldclifford5763]

@@mrjerzheel Better for who?

[@tanpengjoo7205]

BRICS CURRENCY WILL BE LIKE BRICK. ONLY USD THE MOST POWERFUL AND MOST LOVED. ASK ANYONE ON THE STREET WHICH CURRENCY THEY PREFERRED TO OWN.

[@mrjerzheel]

Even the mighty USD is losing value against GOLD

[@craig_z]

Hands up if you like the idea of a currency issued by central banks where if you don't pull the money printing lever every time Dear Leader tells you to, you'll take a short flight out of a tall building. Any takers? Anyone?

[@Idintcare]

South Africa has systemic issues especially corruption and inefficiency but the Rand is heavily commodity based similar to the Australian and Canadian dollars.

[@craig3916]

lets be serious, bricks is just all the garbage economies getting together , simply as that, they are tiny economies, per person income is tiny, peasant level. they need to focus on uplifting there people rather than political posturing n trade restriction n groupings. this whole brick grouping is a diversion n failure of leadership n political game for Russia n China. playing games like this with prosperity will end badly for these countries.

[@colinvanderross5825]

Best comment👌

[@truthalonetriumphs6572]

India is adding $1 Trillion every two years to its GDP. It will beat both Japan and Germany by 2026/ 27. Per Capita income is relevant for some things and Total GDP is relevant for many things. Total GDP enables the country to create many industries through nationwide investment, which India is doing in terms of highways, refineries, airports, railways, metros, bridges, defense, etc etc Lots of technology development. That's where $1 Trillion growth every 2 years comes from. That's not a garbage economy.

[@truthalonetriumphs6572]

China developed using a lot of debt but India is doing it responsibly. But, people like shiny buildings until they have to pay for it year after year and the economy slows down.

[@RedSpicyFeast1010]

China has a lower gdp per debt ratio than india.​@@truthalonetriumphs6572

[@RedSpicyFeast1010]

China has a lower gdp per debt ratio than india.​@@truthalonetriumphs6572

[@justin423]

India is feeling a LOT Of pain from the currency devaluation, as they import a lot of their oil, and the rupee's crash caused an inflation spike in India because petroleum product imports like diesel suddenly became a lot more expensive. The fatal flaw to the BRIC's idea? Not ONE of them has a fully convertible currency. China could, but won't, as it would cause GDP growth to crash as it appreciated to its actual level. Robert Mundell called it the Impossible Trinity of Monetary policy, and every BRIC suffers from it.

[@dzuppi]

Its all about TRUST. And who trusts Russia, China or Iran? 😂 Saudi Arabia and UAE I could see that i could trust… but the rest? Long way to go

[@robinw.darnell4269]

I predicted this they can not trust each other, many have border disputes and trade issues, BRICS will take a miracle to actually work.

[@ashishsood2310]

Correction Indian rupee devaluation to usd is 3% & not 20% as stated in video

[@ninedragons1]

If the European Union can barely hold themselves together how do they expect nations who don't even share borders to manage? I'm surprised they haven't bickered about whose going to be in charge yet. Or maybe they have.

[@IanDavies-gy4mg]

It depends how integrated they want to be. The EU has a very high level of integration, which causes friction politically but is very effective economically - as the UK is now realising. The Euro imposes a higher level of integration, which is why a fifth of the EU hasn't joined it. A common currency for BRICS would only work with similar economic attitudes amongst the members. That seems unlikely.

[@mandarinandthetenrings2201]

If they do create a currency, it will one the most corrupt currencies on the planet. Why, because they would fighting behind the scenes to bribe this official and that official to promote their economic agenda.

[@QuantumScribe]

Aww, that's a shame to hear

[@johnnydoe3603]

I don’t Think there is a Trade Agreement between BRICS Countries. Did i miss them Signing it ? 😅

[@donaldclifford5763]

it's a social club, between frenemies.