BRICS New Digital Currency is HERE! What Happens to US Dollar Now?

[@CyrusJanssen]

Thank you to Lear Capital for sponsoring today's video! 👉 Call them today at 800-489-6450 👉 or go to www.learcyrus.com

[@Meemsheen786]

Amazing! ❤If investment in Gold are backed and made as Shari'a Compliant they can get millions in investments. Though you guys have tremendous knowledge of conventional investments and capital but do some research and take on board people like Muslims economists for broader view about.

[@mikeb2847]

Are learcapital offers only for US residents?

[@larrylyw]

Q❤1

[@hidongcucuk4756]

We have all been fooled by the Treasury and Central Bank talking heads. When they say inflation, we believe it and blame the shops and retailers on the high street for profiteering by increasing prices. So it is no surprise that the homeless and penniless want to shop without paying. Why is no one turning around to ask: "Who is responsible for the loss of purchasing power of your dollars in the wallet and bank account?"

[@adam_is_wild]

P

[@Aarrenrhonda3]

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.

[@Peterl4290]

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.

[@larrypaul-cw9nk]

Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800K.

[@Jamaal67i]

Implementing concepts and tactics that lead to incalculable advancements is something I value. I'm looking for a trustworthy advisor because I don't want to make this mistake because I'm really liquid. Would you mind sharing the details of this person with you?

[@larrypaul-cw9nk]

Finding financial advisors like Annette Christine Conte who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@Jamaal67i]

.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 résumé.

[@lawrencecheong29]

Any currency backed by gold is more trustworthy than a currency backed by printing machines.

[@Dante-fk4yi]

Just bonkers to believe in printing machines

[@bellakrinkle9381]

Absolutely. How many citizens do not understand how treacherous the US printing machines are? Too many!

[@joemosely9383]

Paper or a metal. It's all in your mind.

[@Dante-fk4yi]

@@joemosely9383 how can you compare paper with gold? Are you okay?

[@solskengroupllp2758]

No country issuing a gold backed currency will ever allow physical redemption. Gold is too small a market to facilitate $13 trillion in daily exchange trade, gold doesn't allow governments to print their way out of their problems. Embrace the suck you have now.

[@DonaldMark-ne7se]

One factor I noticed when it comes to currencies is that if it's accepted and agreed upon, then it has value! Thanks to Carol Vivian Constable , the U.S. Dollar became the most accepted currency in the world. The U.S. was able to take the dollar off the gold standard and still remain the most used currency due to its link to oil and other factors. However, an organization that's originally founded as R.I.C. (Russia India China) grew as B.R.I.C. when Brazil joined and then became known as B.R.I.C.S. once South Africa joined. I suspect that if all member nations agree to accepting this new currency as an accredited currency similar to the U.S. Dollar, then the new currency will ultimately replace the dollar.

[@JacquelinePerrira]

The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.

[@Jamessmith-12]

Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility 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 $280k in the last 14 months by investing through my FA.

[@kevinmarten]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@Jamessmith-12]

Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@kevinmarten]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@Zerpentsa6598]

For China and most BRICS countries, it's a matter of surviving as an independent country, or surrendering to more years of humiliation as a vassal state of the USA.

[@franksu9735]

indeed it could be a temporarily solution but they must create a system more just and equal to every country

[@charleshinton8565]

Is China a vassal state?

[@laurellmissick2589]

​@franksu9735 it's called the level playing field .....they will be using a new system code named M- bridge where all the BRICS countries will be transacting in there own currency digitally . And they will use stable coins or the Ripple protocol to settle the transactions . America will be last to transition as a result of problem solving solutions for trade and dollar stability in the west . But the stable coin will be probably backed by U.S. treasury bonds .

[@AC_Milan1899]

​@monipenny408Japan and SK are sell outs. Sold their souls.

[@Decoy0527]

Classic case of overplaying your hand. US thought the USD and Swift could not be overcome. Used sanctions as enforcer. And then Russia said No, and everything changed.

[@Patriciabanks5]

One factor I noticed when it comes to currencies is that if it's accepted and agreed upon, then it has value! Thanks to Brenton Woods, the U.S. Dollar became the most accepted currency in the world. The U.S. was able to take the dollar off the gold standard and still remain the most used currency due to its link to oil and other factors. However, an organization that's originally founded as R.I.C. (Russia India China) grew as B.R.I.C. when Brazil joined and then became known as B.R.I.C.S. once South Africa joined. I suspect that if all member nations agree to accepting this new currency as an accredited currency similar to the U.S. Dollar, then the new currency will ultimately replace the dollar.

[@MarkGrimm8]

The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.

[@Johnlarry12]

Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility 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 $280k in the last 14 months by investing through my FA.

[@carolpaige2]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@Johnlarry12]

Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@carolpaige2]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@Phuckitall]

Plz watch your wording. BRICS is NOT 'taking down the dollar'. They are protecting their economies from malign influences and outside interference. Should the dollar fall as a result - as it inevitably will, so be it. Rather goes to prove how necessary BRICS actions are.

[@ongsengkee2530]

Very well said👍👍👏👏✔💯

[@Shenzhou.]

The dollar is taking itself down. BRICS is coming up with an alternative currency.

[@davidlazarus67]

I agree. They are not taking down the dollar. It’s the US government that is doing that. Everyone outside is minimising their own exposure to dollar risk. This could be buying gold for national reserves or investing elsewhere. Simply having a sanction free means of trading between nation can eliminate much of that risk.

[@creepycrespi8180]

China will screw up BRICS long before the dollar crashes.

[@andrewlim7751]

BRICS no need to do anything against the USD, the u.s. administration itself is like drug addict doing all it can to kill itself.

[@micheal_mills]

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

[@donna_martins]

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. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.

[@Walter_hill_]

Iron-ically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Vola-tility goes both ways. The banks are in a big crisis. The mar-ket looks very shaky. The bigger the red candles, the bigger the green ones. I have made over 280k in the last 4 months by invest-ing through my FA

[@Trevor_Morrow_LTD]

How can I reach this ad-viser of yours? because I'm seeking for a more effective inves-tment approach on my savings

[@Walter_hill_]

Finding financial advisors like Vivian Jean Wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@Trevor_Morrow_LTD]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

[@kcthunder7682]

The Saudi-US 50 Years' agreement on Petrodollar signed on 1974 expires on 9th June 2024. Saudi has formerly, officially told USA that she is not going to continue with this agreement.

[@lordimages]

Just checked and it is true wow

[@ralphbernhard1757]

Expect Blinken to turn up In Saudi Arabia soon: "Hey...nice little palace you got there. It'd be a pity if something happened to it..."

[@pomodorino1766]

I didn't know that. Scary, but not surprising.

[@Shenzhou.]

@@ralphbernhard1757 A textbook example of gunboat diplomacy.

[@ralphbernhard1757]

@@Shenzhou. Yup. He'll remind the sheikhs that he's just come from the tour of Saddam's palaces in Iraq, and or Ghaddafi's in Libya (it's the silent threat, aka "Sword of Damocles" or the "unstated threat")

[@TaggeGust]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

[@sole27ore]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@shandegabrielrojas9350]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@HighlightsSerieATIM]

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

[@UsamaG-mq1jy]

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

[@TaggeGust]

Sure! She interacts on what's App using the digit below 👇

[@Shenzhou.]

Russia and China are facilitating the transition towards a *multipolar* world, dominated by multiple voices, rather than the *unipolar* world, dominated by a single voice (namely that of the US and its _"allies")._

[@khayablack3305]

Well said 💯

[@theprophet489]

Bully times is up 😂😂😂😂😂

[@mrright1068]

What could possibly go wrong with that?

[@mikelbrenn111]

Problem with dictatorial nations is that their leaders a also paranoid. As history dictates that those nation always crash. The concept of democracy is new compare to one's that ruled by monarch and dictators.

[@mik3ymomo]

So it’s world war that you want, ok.

[@raquelbrac8497]

Well even though you do not say so, our government spends Trillions on wars and supporting our very wealthy corporations with subsidies and low taxes. By contrast they spend very little on services for the majority of tax payers or infrastructure. So - I guess this is the price that we will all pay now. And, unfortunately, the ones who will suffer most are the majority of Americans who have to struggle through bad infrastructure, bad services and now inflation.

[@KendraEMoyer]

The majority got their evil orange greedy traitor leader and they alone will prosper so they think. Greedy people don't share!

[@siewkonsum7291]

The Fed is printing the dollars, then the Treasury Yellen issues bonds to 'buy' up those printed dollars to spend it on the US government expenditures. This is increasing the dollar supply without any tangible production of real goods which is causing 'too much money chasing too few goods', hence inflation!

[@denisesorchidparadise1411]

yellen knew this

[@AC_Milan1899]

Join BRICS and free yourself from the threat of unilateral sanctions forever. Time for justice to be restored.

[@picklikeapro6952]

Join brics and be tracked on every purchase and have your bank account seized for saying or doing anything they don’t like. 👍

[@picklikeapro6952]

I hope you’re right but if it’s anything like their current system you’ll lose your money saying something they don’t like just like their citizens.

[@travisskeans2511]

Yeah good luck with that. Coming from a country like China that starved over 80 millions people, to fight what they called three pests and realize that's the country that's your putting your trust into lmao

[@ongsengfook]

Not China. But Russia and Afghanistan show the world that dollar dominated assets in G7 can be confiscated.

[@TomMcinerney-g9b]

Agreed. U.S. ought to examine its foreign policy goals (&viability) before any confiscation of Russian assets. To my view, the Minsk Agreements were quite reasonable (contrasted with very destructive war).

[@peanut0brain]

Many countries got their USDs confiscated not just Russia and Afghanistan. Venezuela Cuba Iran too

[@picklikeapro6952]

Seems a little convenient the timing of all of this. What was China paying the current bosses son to do exactly?

[@tc-red9000]

I wont invest in any foreign country where they can confiscate your assets, end of story…

[@davidkenny4736]

Just wait til CBDC comes in... then you'll really know how quickly your accounts can be confiscated!

[@gunsumwong3948]

One thing is certain. US "has" to print more money and keeps on increasing its national debt. Thus US inflation and the depreciation of its currency is now unstoppable. Other countries are finding ways to avoid being affected and the BRICS countries are just one group having its own strategy and direction led by China, Russia and India.

[@petersinclair3997]

A diminished China might could survive the next five years, however, Russia is in real economic trouble. India will sit on the fence, like it always does.

[@jf-be4zy]

Cyrus you talk about Thailand but you missed that all 10 members of ASEAN have agreed to not use the us dollar for trading between them selves.

[@CyrusJanssen]

Oh yes! This is a massive part of everything

[@lowtech_1]

Also MBridge including the UAE

[@icedmocha9734]

Except for The Phililpines because it is clearly a puppet of the US!

[@vbien38]

Money sovereign governments like the US can (logically) print money; that's not the issue; the issue is printing it without due regard for the state of the real economy. What the US gvt has done in recent times which is really toxic for the US economy is printing it wildly to do something completely unproductive namely to fund the war in Ukraine. It's the excess number of dollars printed without corresponding real value: food, shelter, real economic structural development etc to back them which is now appearing as inflation. That's just basic MMT economics.

[@picklikeapro6952]

Thank you! I was looking for a simple explanation I could understand.

[@user-lh7wn5oi8d]

🛑 The policy of Obama and Biden is to abandon allies and go to enemies such as Iran, which made allies such as Saudi Arabia look for a partnership with Russia and China after being disappointed by America’s policy towards it.

[@ranganathansrinivasan7244]

US has become a new Tughlak.

[@petersinclair3997]

Much of the economy aid to Ukraine will be past generations materiel, not money.

[@mikewood8695]

Dont forget the NATO member Turkey is also saying they're joining BRICS!!!!!

[@CyrusJanssen]

Have a video about this coming out soon!

[@Cl0ckcl0ck]

BRICS also doesn't take just everyone. But I'm pretty sure they would take Turkey if they applied. It's just not only up to them.

[@adognamedmoose]

Saudi, too.

[@pasofino9583]

Turkey flip flops every breath it takes.

[@adognamedmoose]

@@pasofino9583 not this time. too much to gain. watch.

[@ZokirAhmed-ls6dw]

I'm listening this for last so many years. Hope alternative currency will be a reality in coming years.

[@villagervloger6990]

Just swapped all of my last ETH and swapped it into AMS22K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!

[@555frontier]

SCAM

[@illusionnl9237]

@@555frontier exactly

[@horridohobbies]

*"Dedollarization will be a slow process...until it isn't."* *"Two ways. Gradually, then suddenly."* Agree 100 percent. I firmly believe that the US Dollar will collapse within the next 5 years. It will be sudden and startling.

[@MarkYeung1]

You watch way too much internet. Give me a call in 5 years.

[@lilyinthevalley8046]

I doubt it takes 5 years, with the way things are happening around the world.

[@trulyso734]

And maybe US will do it to themselves? To stop the decline of the value of a dollar for us all.. all the world needs to do is lay down their nukes and stop threatening the destructive forces of war! That being deemed impossible by all parties concerned in this fallen world means no consumption relief in sight right? That's the one indicator of health economies and I highly doubt any can boast of that atm, from the street perspective.

[@trulyso734]

And maybe US will do it to themselves?

[@nightowl5475]

No way. These guys have been saying this shit for the last 50 years. Ain’t gonna happen. If the dollar crashes, people will steal the food from the stores. If a guy walks into a store with a gun and other guy walks in with a gold brick. Who’s the clerk gonna listen to first??

[@raymondteo2611]

I’m Singaporean, it must surely be backed “GOLD OR NOTHING!!” To be the fair with all countries is don’t trust any countries!! New slogan “IN GOLD WE TRUST!!” America have been toying with the world forever time to change!! signed: All citizens of this only planet.

[@Mr.Carter777]

My question is: If the dollar lost 24% of its value, what is the point of holding US stocks, taking into account the depreciating value of the US dollar? It's like holding ice cubes.

[@yfelwulf9930]

US stocks 🤣 the STOCK. CASINO the US Casino has been in a worse state than 1929 for years it's all non existant funny money purely artificial.

[@SQSNSQ]

Using your metaphore, imagine, those icecubes are made of frozen volatiles, that would autoignite, once they vaporize and reach certain concentration. This means, you can't dump them all at once, or they would create heat, that will burn all of your icecubes even before you would manage to dump them all. Besides, US government does pressure it's vassals to keep buying US treasuries, or else. It's basically an international racket scheme, where foreign countries forced to pay for US spendings.

[@davidhunter5062]

Basic economics. If the USD is losing value (purchasing power) you buy things with it…stocks, bonds, real estate, gold, toilet paper…. Every purchase you make with “money” is a bartering event where you trade your dollars and dimes for items you perceive as being more precious to you at the time than the dollars. So if a pound of hamburger meat goes to $20 I don’t swap a 20 for a pound of meat. If it goes to $.20 per pound I’ll swap 3 dollars for 15 pounds of hamburger meat. The perceived value of companies (which I can own via stocks) will often be a better place to “park my money” than a shoebox where $100, that would purchase $100 of goods in 2020, will only purchase $76.00 worth of goods four years later, in 2024. Additional thought: when inflation hits, companies usually “pass along” their inflation to customers. Companies will feel the sting but not like their customers.

[@shanejones578]

If you don’t hold it, you don’t own it. Paper or gold. Which do you prefer? The screens are just that, pixels on a screen.

[@shanejones578]

Hint hint, I don’t suggest paper.

[@sunkireddy8319]

Your predictions were correct! AMS22K will 100x once it is listed on Binance and OKX 🚀.

[@555frontier]

SCAM

[@GerardVaughan-qe7ml]

"you have violated the blahde blah blah clause in the "Bonus agreement" and your account has be closed. Thank you for your support.

[@redpanda416]

International trading using Chinese currency is getting closer to 5% of total global trading, surpassing Japanese currency. Yes it's still a lot lower than US dollar and Euro, but it's increasing significantly every year. US dollar will still dominate the market for a long time, but China is becoming a strong challenger.

[@CarpsterKing]

Don't be too optimistic of USD and a self denial only gives you a temporary comfort zone until reality hits hard and the illusion that USD will still dominate the financial market ..US is spending itself into bankruptcy with its deficit budget at all times high... The most useless US Sec of State Rockstar Blinko can still play and rock in Kyiv while the US is burning... This is the real state of reality ....

[@yfelwulf9930]

It's trade in your own currency without using US Shekels or SWIFT

[@BartholomewShirima]

Usd will not take a long time...10 yrs and it will be 40 % and will go if Us continues with it's toxic foreign policy...😂

[@LunaLapin-ho5tk]

The US dollar will dominate until the last treasury bond is cashed in. Buying is the only intelligent way to dispose of currency.

[@alsetalokin88]

actually, not really. china has never showed any interest in replacing the usd reserve currency with rmb reserve currency. that's just replacing an old problem with the same problem by another name. china and brics are exploring to create a basket of common currencies, i suspect backed by gold reserves, secured by blockchain, with shared interoperable messaging systems, direct swap systems, etc.

[@erenyeagerist7681]

Don't expect that dollars will still be the global currency next decade. Nothing last forever

[@zenosgrasshopper]

Every fiat currency that has ever existed eventually goes to zero.

[@Shenzhou.]

The world has become a board game in which: USA is playing _Checkers,_ thinking *1 move* ahead. Russia is playing _Chess,_ thinking *5 moves* ahead. China is playing _Go, (Weiqi_ 围棋), thinking *10 moves* ahead.

[@pomodorino1766]

I keep seeing the US actually thinking it's all a slap contest.

[@giganoob1968]

America is run by the CEOs who think ahead to the next quarter, when they get their bonuses.

[@johnbuckner2828]

Easy to do when you live under a dictatorship or oligarchy where it’s possible to lay out long-term plans without having to worry about the next election or the will of the citizenry; but I think our unelected bureaucrats try as hard as they can to steer the ship on the world stage despite representation from constituency.

[@bungkusi2432]

USA play coin tost Based on luck

[@davidchan9175]

Democracy or autocracy aside, the government must be a good, not corrupt government, that actually cares for the common good of its people.

[@simonkong4888]

Anyone with a sane mind will never lend money to someone who never stop overspending, or invest in a company that continues making lost.

[@Extra-Celestial7]

It is imperative for BRICS to set up their own Commodity exchange independent of the American COMEX!

[@KiloMr1000Grams]

I don't know if you didn't get the memo, but Saudi Arabia joined this year.

[@brandonchoo9764]

Why is no one talking about the petrodollar agreement will end on the 9th of June?

[@yaoliang1580]

The Saudis may renew the agreement bcos they have their jugular vein exposed to the US

[@joemosely9383]

Because it's not true.

[@ricardo_cn]

​@@joemosely9383 It is true and the Saudis do not want to sign another one

[@joemosely9383]

@@ricardo_cn the Saudis are in the middle of negotiating a New Security Deal with the USA.....They are using the Petro-Dollar as a bargaining chip to extract more concessions out of this deal......The Art of the Deal....

[@zeeone4492]

​@@joemosely9383are you saying the agreement is not up for renewal on the 9th or Saudi Arabia will sign a new deal

[@WayneGreen-g8l]

"... 1/5 of global oil trade used non-dollar currencies in 2023 ..." That doesn't include the non-currency bartering. For example, China upgraded an Iranian airfield electronics and infrastructure in exchange for Iranian oil. And its not just oil: Iran provided some engineering services to Venezuela in exchange for perhaps agriculture or other commodities. Services traded for commodities, commodities traded for commodities, and services traded for services - not all trade has to use a currency. Also, the 1/5 calculation is probably just for SWIFT. Currency transfer systems like Russia's SPFS and China's CIPS probably don't get registered there. Trading with Iran's oil bourse probably doesn't get measured in any official register either. I've barely touched the surface of various trade systems going on. My point is, there was probably a lot more non-dollar trade in 2023 than institutions like Chase, the WSJ, Goldman Sachs, Barron's, Kiplinger's, or even the CIA fully comprehend.

[@pillow2k]

Meanwhile in the US... they Trade OLD weapons, vessels to small countries and threatens others in WAR for Profit. LOL!

[@louhernandez2384]

Even these career politicians know what the results would be with this irresponsible spending. The question is why?

[@holaclive]

Since Nixon broke the gold link, the dollar has lost 98% against gold.

[@saikyomogresurrect]

And guess who forced Nixon to do it?!? (Hint largest Employer in the US)

[@Ziegfried82]

@@saikyomogresurrect Richard Nixon and his administration were not forced to do anything. They made a purposeful choice to buy time rather than bite the bullet and address the out of control spending and deficits. Kissinger went to China to secure cheap labor so the US economy could keep floating even with a massive loss in purchasing power of the USD.

[@saikyomogresurrect]

@@Ziegfried82 nope wrong ng again. The CIA/Pentagon runs the show. That will end very soon once Russia and the world set up shop in the Americas with permanent military bases. All these years to correct wrongs and change, but now it must be taught a valuable lesson to not bully others

[@hussien04]

​@@saikyomogresurrectjuice ?

[@aug2890]

Monopoly of anything is bad

[@garlandmoney9310]

I have predicted this collapse of the petrodollar for at least a decade. The bad news is that I'm now retired, and have watched my retirement money bleed value from inflation, plus corporate greed on a massive scale. I have been halfway joking with people, "What if we come to look at this as the good old days?"

[@priscillaferguson267]

Go China! Cheers for the BRICS+Alliance and the BRI Partnerships!

[@70Eldo]

Rooting for a Communist country with brutal policies on their people in a Capitalist system makes as much sense as a lamb rooting for the wolf to find dinner. Wow.

[@gestaopublicaenacionaldese4515]

Não é derrubar o dolar é proteger nossos mercados e nossas moedas de interferencias externas

[@elainylima3059]

Student loans were not forgiven. The courts struck it down and Bideb knew that the courts would do that.

[@jacksonndoll5055]

He did mention the money spent in Israel war.

[@kammantom]

It’s more derisking at this stage. If unable to control deficit spending then dedollarisation and bankruptcy ensues.

[@davidlazarus67]

Your guest misunderstands the Chinese strategy. The sole reserve currency is a poisoned chalice. You have to have a huge trade deficit in order to maintain it. That’s not workable for an exporting nation. That was why France was the first to demand its gold holdings back. They realised the weakness of the gold back dollar. Having a basket of currencies is far better. It doesn’t mean abandoning the dollar but minimising exposure to the dollar. It also doesn’t mean backing its currency with gold.

[@adamiskandar5107]

To think of it, it's really a good strategy as you explained it. It's for the US to take it positively, be realistic, cooperate with other countries and establish a new system which is fairer, good for Humanity and NOT trod down the path of a failed empire. Avoid WAR, because the next WW may mean the end of Humanity.

[@davidlazarus67]

@@adamiskandar5107 Yes and if one country becomes problematic then other countries can reduce their holdings of the problem country’s currency, be it dollars or any other currency. This means collectively they will want a more stable currency in order to continue to accept it.

[@Ziegfried82]

The problem with not having gold (or some other limited resource backing a currency) is that governments can cheat and spend more than they actually generate. Gold keeps them honest. France calling the USA's bluff is exactly what needed to happen but unfortunately the world decided on an even stupider system afterwards. Debt based economics is a disaster for the working class.

[@davidlazarus67]

@@Ziegfried82 Gold as a last resort for countries is a very valid option.

[@petersinclair3997]

The USD is the “major” reserve currency. Other stable reserve currencies are the Euro, Yen (some trouble now), the GDP, AUD, CND and CHF (Swiss Franc). The Yuan CNH and Ruble don’t rate in the respected currency league.

[@belfasta]

The big world has abandoned genocidal USD 😎

[@Gurci28]

The BRICS nations have a slew of reasons for wanting to set up a new currency. Recent global financial challenges and aggressive US foreign policies have prompted the BRICS countries to explore the possibility. They want to better serve their own economic interests while reducing global dependence on the US dollar and the euro. [Nasdaq]

[@Gurci28]

The BRICS group of emerging nations has been agitating for a move away from US dollar dominance. 2:08

[@Gurci28]

Iran's inclusion in BRICS, alongside Saudi Arabia, Egypt, the UAE, Argentina and Ethiopia, marks a significant geopolitical shift. [bne IntelliNews]

[@Gurci28]

The BRICS are increasingly positioning themselves as a counterpower to Western hegemony, particularly in monetary matters. 19:50

[@Gurci28]

De-dollarization involves reducing the US dollar's dominance in global markets by substituting it as the primary currency for various financial transactions, such as trading oil or other commodities, foreign exchange reserves and bilateral trade agreements. [Nasdaq]

[@kuakiasoong50]

Another great program and guest Cyrus. Keep it up.

[@kalthoemajattiem1432]

Zimbabwe here we come ,

[@billmichaels4941]

Turkey just came out wishing to join bricks... Those who don't know turkey is a nato member

[@BartholomewShirima]

Does being in NATO prohibit one from free trading.?!.wasn't aware.😂😂

[@Ziegfried82]

@@BartholomewShirima you'd be surprised. Turkey has made a lot of moves lately that have angered the West, but they realize they have an insane amount of power right now due to the Russia situation.

[@gabrielciocoiu2382]

Student loans are not the problem. Never been a problem for a state to invest in its own people. Corruption, wars, to big to fail, those are the concepts that ruin an economy.

[@milawee-d1e]

Primary reason China transfer it dollars to gold or any currency is for safety. Not to down grade dollar. Of course not only china. Many others countries also transferred their dollars. To others options , gold or other currencies or use their own currencies. Cause of dumping dollars. Are USA taking advantage / and violating countries using dollars.

[@fannyalbi9040]

neither to make Chinese currency to be reserve currency

[@Siclone23]

The only way for them to get full control was to plan this all out. Gain all of the wealth out of the assets using credit, then systematically take all of the wealth that exists from the working class through inflation and interest.

[@honestcommenter8424]

I would like to know what would happen to £ if the $ collapse, can you make an episode about that please?

[@stevenpreston5619]

Simple, £ will follow $ ........🥀

[@DavidLee-ie7gv]

Remember the big day 9th June , ending the us Saudi 50 years agreement of Petrodollar and Blinkin will be busy flying to Saudi .

[@simonhodges6084]

Why don't they just refuse to accept $s in payment at all and demand payment in PMs or other commodities?

[@Shenzhou.]

PMs as in Precious Metals? I think it's difficult because countries are unwilling to risk their own gold reserves (which may be needed to back their own local currencies).

[@plaubelmakina8916]

China selling bonds does not put money into America’s pocket. It is like one bank selling your mortgage to another. Your payments of principal and interest do not change, it just goes to a different bond (mortgage) holder.

[@AlexMazay]

Correct, but who buy these bonds? Japan, EU? Have they been forced to buy it by US?

[@jattayusuff49]

Thank you for the update

[@CreepyCrawly-xy1iw]

If you buy gold for safety and security, it has to be physical gold and it also needs to be held in one's direct possession. So central banks have that covered. It's a lot harder to keep safe physical gold in one's home. So, a gold/commodity backed currency is a good alternative to fiat cash or having to hold physical gold. I would buy into the new currency.

[@Exod365]

I've heard this happening a dozen times over the last at least 4 to 5 years and it hadn't happened yet and people keep free posting saying it just happened and it's not happened

[@techpriest6962]

The internet brings the masses together with all of the worlds information at their fingers. Yet the information is highly mixed in terms of accuracy, and the masses don't care to put in the effort to verify the information they are fed.

[@AmericanDjango]

Lear Capital is awesome!! Judge Nap is on board too.

[@CyrusJanssen]

They are! We only work with the best companies

[@CanTho2022]

@@CyrusJanssen…..Where can we buy BRICS currency?? Is it like exchanging money at a bank? Please help….I am currently stockpiling precious metals

[@kennethtamayo3452]

Don't people remember China selling gold and the buyer finding out that portions were just high grade copper.

[@luizkaufmann]

Really great vídeo with very good analisys. Hugs from Brasil

[@greger589]

Great news

[@dudleynoble9615]

For the US it's just payback time,when we don't know when to stop we will just stop suddenly ??

[@olakunleakinnaso3900]

How can foreigners invest in precious metals? For example someone living in Africa. Love your channel, you doing a great job.

[@alrent2992]

And latin countries. Some countries don't accept importing of precious metals.

[@KupiProdaj-b9b]

Educative, ty guys.

[@TheseusTitan]

BRICKS is blatant about their goals on the dollar. However, Africa and other countries have borrowed U.S. Dollars from the IMF and they will have to pay them back first before they alleviate themselves from the Dollar. All central banking is headed towards a digital credit based credit. I find that a more serious concern

[@HappyPandaBear73]

Awesome! Thank you, Cyrus!👍🙏🇨🇳🐲🐼☯️☮️🙂🌏‼️

[@IAmSagzee]

The USD has been WRC for 80yrs ,not 103yrs.

[@warwickwestonwrigful]

When the dollar tanks, the best investments will be to examine what companies have a solid infrastructure because these companies will develop market control; meaning that their shares will go up shortly after their value goes down.

[@mamacryright5740]

US « Wall Street = A I p a c

[@mengreat6982]

Jew

[@ozzy3836]

On US DEBT CLOCK it shows zero. Few days ago I checked it was 33.77 Trillions

[@judyjackson2260]

Digital currency, then mark of the beast. Prophecy being fulfilled.

[@jimechols4347]

Yep West leading the way!

[@bali208]

Thank you for making such an amazing video

[@SteveBurg2001]

Every disruptive change begins very slowly. Many people scoff at the idea, whatever it is. At a certain point, the change accelerates dramatically, and then it's in the rearview mirror. This pattern can be seen throughout history. De-dollarization will be the same.

[@Shenzhou.]

_"There are decades where nothing happens; and there are weeks where decades happen."_ - Vladimir I. Lenin.

[@brataz88]

Thank you a lot!!! 😢

[@juliusmanabeng8071]

So who wants to get the US currencies that are being liquidated???

[@Joel161803]

good question!! are they selling at deep discounts or just not buying new issues and decreasing their holdings

[@christianlula]

Don't put student loans and Ukraine on the same plate. They are both spent money, but one has some value and the other does not.

[@raleighstein9227]

Petro dollar is finished. Lost 97% value since the creation of Private Bank the Fed.

[@inezm8444]

Saudi not resigning the contract after 9th june....the6 will now want payment in gold for oil....

[@shanejones578]

Try 99.9%

[@Hornbone21]

Great video 💪

[@Jeffery-f2e]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

[@raymond-i2v]

Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

[@Fred-w7t]

I could really use the expertise of this advsors.

[@raymond-i2v]

Her name is Jessica Lee Horst. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@sadatasigri434]

We thank God the world is now safe

[@uncleshamus3451]

Richard Wolf. Michael Hudson. What do you think?

[@tinavifquain6958]

' ! ❤ ! " Responsibility Matters for ALL Lives " ! USA ! '

[@lbride3738]

Oh boy! Fiat money versus commodity money, new versus the old. At this moment, I don't know.

[@MQ13000]

50 years of bad marriage what we got from it other than wars I believe we should leave that toxic relationship for good Go BRICS

[@teatree6228]

Usa takes down USD with minimal help

[@plybyapp]

The advantages of gold miners over raw gold: 1) dividend income (over 4% from stock SGDJ), with the security of underlying gold, 2) the ability to own gold with mines offers the advantage of being able to travel in times of need without having to bring it, store it or transport it, 3) serving government clients to protect against inflation, economic and political instability.

[@CyrusJanssen]

Agree! I like a lot of mining stocks as well, have a new video going out today that is sponsored by Gold Mining company

[@gsheverything_2716]

Brics 🔥💯

[@tuppenceworth5485]

It is reported that India's Reliance Industries, operator of the world's biggest refining complex, has signed a 1-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles.

[@Monkey341]

Dedollarization is inevitable. This is a realistic world. Nobody wants to lose out. If the US dollar is losing its value, it's wise to dump them - fast!

[@josejoao4518]

Wow! This has been enlightening. Thank you Cyrus.

[@MdUzzal-u4q]

I love this guy so much 😍😍😍😍

[@Cam_LDN]

Haven't been here for a while, BUT WOW - that new hair is tremendous! I respect it

[@aross7431]

The central banking system sees the middle class debt as an asset

[@jordansoviet23]

This dedollarization drive is like when a telecommunications company installs a new telephone line while they have an existing telephone line grid in place and moving one by one telephone drop wires from the old line to the new line grid.

[@Evertraveller]

Trades are continuing in dollars.

[@suichingyuen2100]

Part of the de-dollarization of the US dollars is due to the US fiscal policy. The other reason why other countries are dumping the dollar is the US's lost of goodwill by the rest of the world. Goodwill is priceless; the US tossed theirs by not regarding other country's customs and mores.

[@bambangtedja673]

the US still have gold mountain here in Papua , Indonesia... dedolaritation still almost no effect currently

[@BartholomewShirima]

If so then why borrow so much and pay such a big interst...???🤣

[@Sundance304]

Thank you. Much going on in the world which is going to affect us significantly. Need to keep in touch with people in the know who can guide and educate us.

[@dr.dumddum904]

There is one aspect of the inflationary price spiral in America that I haven't seen you -- or anyone else -- talk about: discretionary versus non-discretionary purchases. I just sold my used truck for 25% more than I paid for it 5 years ago (pre-COVID). Meanwhile, I also just sold a used electric guitar for exactly what I paid for it 5 years ago. Vehicles are non-discreationary items in America (you simply have to have one) while electric guitars are discretionary items (meaning nobody really NEEDS an electric guitar)....

[@yfelwulf9930]

Given a US truck is running 100,000 Shekels and Auto bankruptcy is at all time highs you're suprised at the sale price of an old truck no one can afford to buy new.

[@richardhudson1243]

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

[@JacobsErick-u8r]

It is advisable for investors to exercise caution regarding their investments and exercise caution when considering new purchases, particularly during periods of inflation. Achieving significant returns in this economic downturn can only be accomplished with the guidance of a professional or trusted advisor.

[@tatianastarcic]

Implementing concepts and tactics that lead to incalculable advancements is something I value. I'm looking for a trustworthy advisor because I don't want to make this mistake because I'm really liquid. Would you mind sharing the details of this person with you?

[@winifred-k9e]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings.

[@tatianastarcic]

My CFA, “Melissa Terri Swayne is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.

[@LUCIASMITH-d1z]

Interesting. I am on her page now doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.

[@neftalilomeli847]

Thanks You!