BRICS Summit Summary: BRICS Pay, New Members, And More!!

[@CoinBureau]

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[@dongshengdi773]

We don't care about the USD dollar especially the BRICS pay. I bet a billion dollars that the BRICS pay won't work.

[@urlcool]

None seem to be for UK

[@stevetheodore_specialtycars]

Although I originally found Coin Bureau years ago for their cryptocurrency reporting, it has become quite obvious to me that Guy and his amazing team are equally adept at delivering real global news. I find much more value in the news that I get from this channel than any mainstream media, so just want to tip my hat to them for doing such a fine job at delivering real informative news!

[@LuciaGabriella-wb6mx]

It funny how people thing buying the Dip alone can make you 6 figures.

[@LuciaGabriella-wb6mx]

It funny how people thing buying the Dip alone can make you 6 figures.

[@LuciaGabriella-wb6mx]

True but people needs to know that buying the dip or cheap doesn’t always grantee success.

[@HowtodatePhilippines]

AI BOT

[@GAJoe1959]

Thank you for another outstanding video. I think if given the chance you could put mainstream media out of business.

[@dez3754]

Definitely. Thank you to the team!

[@marionjoy9475]

ditto. It's just great to have this no-nonsense approach, informing us .. invaluable content.

[@Web3WondersUS]

Thank you for doing the job of the #media. These reports make global citizens knowledgeable and knowledge is essential to a functioning democracy or republic. Kudos🎉

[@LuciaGabriella-wb6mx]

True but people needs to know that buying the dip or cheap doesn’t always grantee success.

[@marionjoy9475]

This is such an intelligent, informed, clear and concise commentary on this important issue. Thank you for all your work.

[@aron6630]

Does this go against the WEF agenda? Could you do a comparison of the two so we know if we will be safe or if it’s the same thing, different people

[@lkearney7299]

Good question!

[@blessed_girl11]

Marhaba , from Dubai as well 🇦🇪 Love the content.

[@5863carlitos]

This is fantastic report! One of the best I have seen lately.

[@ryanwilliams989]

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.

[@maggysterling33254]

@@hunter-bourke21Impressive can you share more info?

[@mmnnmt]

Thanks Guy..... You're still the man on that channel. Great delivery.

[@apurvbose]

Great video. FOund almost none bias towards americans or brics. Your video is actually worth sharing.

[@_datapoint]

I learn more about Global finance history and contemporary news here than any where else.

[@markfitz....]

Very interesting Guy, from this and besides commodities which crypto has the potential to give future profit in conduction with the BRICS

[@DrsteveTurley-fr55]

In all our endeavors in our financial life… the government and banks are not to be trusted anymore because of the ongoing collapsing of banks…as a man of God that saw this vision so i got the insight to educate the world about BRICS the new monetary system…to know more join free lecture.

[@Angelgrl]

Hi Guy😊 thank you for the informative video ❤

[@dwaleka]

A very good overview

[@otc0076]

Mr. Guy. Would be an honor to meet in Dubai. As you are the most thorough crypto guy, no doubt! #1 source! Can't wait for Dirham tether review when time is right..

[@albatross9995]

Excellent video. Greetings from Saudi Arabia

[@nopedefnope9924]

Wow! Massive news and we hear nothing about this in the main stream media of the US

[@tz7813]

2024. The year you realise the Millennium Falcon you’ve been sitting in all this time is actually a Tie Fighter.

[@EricSoulliage]

Only fools don't change their mind

[@ActuallyEllrod]

Literally though…. Great metaphor

[@heiderosemoossen8437]

Hi Guy, being in Dubai for a week. Sending best wishes and all the success for the Coin Bureau Team. I lived in the 90s 10 years here, and now I get lost when driving, so much has changed in 30 years.

[@foreverraining1522]

Your word order is way off. It should be "I lived here for 10 years in the 90s" or "I lived here in the 90s for 10 years."

[@heiderosemoossen8437]

Thanks for correction. I am 70, German and love Crypto. So the grammar is secondary.

[@sidkings]

Very well researched and presented.

[@Frank-be1ye]

Excellent video!! (would have been nice just to drop in a bit about how it would affect crypto though)

[@foreverraining1522]

You left out the part about Russia and India being very interested in implementing XRP for BRICS Pay cross-border settlements.

[@rustybot4279]

No one is interesten in xrp, an amerivan product

[@SupeBeatz]

Is XRP based in America?

[@kevinzunigazuniga9472]

In other words the great ENEMY is the interest.. Thanks for sharing

[@alfredonieto4412]

Thanks for this great video. I wonder how much would the power of the BRICS actually grow if their economies are based on Commodity production, rather than innovation, sophisticated goods production and sophisticated services, like the western world is still dominating by far. An eventual cyclic world recession would help put things in perspective. Peace!

[@fdgsurf]

Amazing video! Very informative and very important subject

[@belekas2729]

Very educational video, thank you guys.

[@air-ren]

this is so important. thanks for the coverage

[@Appleloucious]

One Love! Always forward, never ever backward!! ☀☀☀ 💚💛❤ 🙏🏿🙏🙏🏼

[@bunrisl]

Absolutely great reporting.Thanks for this brilliant and comprehensive update on the BRICS. Obviously you have a great team and Guy knows how to deliver the goods.

[@TheCashPanda]

I find it odd you didnt correlate in BTC at the end. Why is that?

[@pglove]

Please do a video about this future commodities bull market you alluded to at the end 🙏🏼

[@achaarpickler]

Great video. Last 5 minutes especially interesting

[@timeverson728]

After going through the brics overview I still see the 2030 agenda. But I guess we should if 190 countries took the pledge from the un .

[@donman9154]

ABANDON THE 2030 UN GLOBAL AGENDA!

[@Ghostarrow_360]

Mexico was on the new BRICS note

[@ambaasia8200]

Very cool summary, it’s seriously interesting.

[@jussie8015]

Informative as ever. Thanks for this sort of info!!!

[@TheMillionairePathway]

The BRICS countries are making significant strides in creating an alternative financial system that could challenge the US dollar's dominance. How do you think these developments will impact the global economy in the coming years? 🌍💰

[@juhgfdsapiyhhnnxc3517]

There’s us documents on it 😂😂

[@allaround1277]

👏👏👏 Awesome work, Guy...

[@seanmonear4917]

I love this kind of content🎉🎉🎉 keep up the good work

[@News-For-Today-Live]

🤩 🇺🇸 🙌🏻 GREAT VIDEO 💯 💥

[@AttilaBazso-by4hu]

Thanks! It was very useful! 👍

[@douglas5097]

Great cover as always! As a Brazilian, I would say that the crypto adoption is mostly because culturally, Brazilians dream of getting rich fast. Gambling is a big problem in Brazil. Also, the ones who understand the technology, are buying bitcoin to protect their wealth from this government. Brazil is not free as you might think and everyone is afraid of having its assets confiscated. Most Brazilians over 40 don’t even know that such thing as the BRICS exist. And the ones who know about, don’t really see a future in it. Personally, I think it might become a big thing and that is a disaster because it’s basically a clubhouse for dictators.

[@alexandrealves8356]

of course, you as a Bolsonaro supporter, know that we brazilian has been buying BTC a lot during the genocidal former president, who is also globally known as a jewelry thief.

[@bennett9072]

India is a dictator? Bruh you are blaming the world's largest democracy

[@douglas5097]

@@bennett9072 India is not indeed. I was obviously generalizing. Brazil wants to include Iran and Venezuela, probably Cuba into this mess. Just having the 02 biggest players in it, China and Russia, says it all.

[@mikepi7809]

​@@douglas5097 when was last time you visited either of those? Read more NY/CNN and likes)

[@oreradovanovi5204]

Dictators? That has to be redefined. Blackrock, IMF, WB? Hollywood is out K-drama in.

[@rolf2473]

1987-1989 To avoid dependence on the IMF - Ceausescu (Romania) wanted to make the Romanian Foreign Trade Bank a second World Bank together with the Chinese, Arabs and Iranians, a bank that would compete with the IMF and the World Bank

[@rolf2473]

There are indications that on the night of December 14/15, 1989, an Il-18 plane took off from the presidential flotilla in Otopeni, which carried out a special transport, destined for Tehran. And that the plane would have had gold bars on board weighing 24 t. Indeed, the plane appears in the air log files as having returned empty from Iran on January 4, 1990

[@alejandrafernandez2568]

wow, excellent report! Thank you!

[@samurai-capybara]

It would be more fun if Guy had to turn to face the camera every time you changed camera angles.

[@cryptogluttony]

Good info.

[@NekoA-e1i]

TY

[@thetimeisnow6822]

GOLD BACKED CURRENCY IS THE ONLY OPTION

[@voluntarism335]

No it's not. The world should adopt bitcoin and just use that or Monero. Gold backed currency requires trust, trust that the Government will hold to their word and they will not learn about the 6102 attack, gold is expensive to store expensive to ship, hard to divide, trust that they actually have it, trust that they're not making more money than the amount of gold that they have ect. Gold backed currencies is a relic of a bygone era. Bitcoin and or Monero is the future not trusting Government's.

[@bikiiswary8711]

Thanks for such an informative video, A new subscriber from India.👌

[@shuvankarroy6781]

Please make a vedio on ALI CRYPTO...sir

[@jondo7680]

So the ones claiming that blockchain x or y would be used by brics were wrong, right?

[@312_Girl]

Good Morning Guy :)

[@davidking7655]

Who is the debt owed to ? This question never gets spoken about !!!

[@rayhetherington7989]

Thankyou 🙏🙏🙏

[@nayuso191]

Right On

[@joaopedrodantas2147]

In Brazil since 2016 almost no one use cash, we have something called PIX, that work exactly like BRICS pay but for national money transactions, nobody here use apple pay, TED or DOC, just PIX

[@ADadSupreme]

A 'world currency' that is supposed to rival the US Dollar... that's from countries that depend on the US Dollar who generally have to use the US Dollar to build this 'currency'. This is going to be good...

[@issiewizzie]

well explained

[@Raymond-wj4ol]

I wonder if and when a BRICS defense pact is formalized?

[@jondo7680]

Lol never, even China and Russia have border disagreements and would went to war with each other as soon as the opportunities arises.

[@akshay-x8t]

Can't be done. India and China are rivals and have territorial claims and tensions. It's like having Russia and the US in a military pact. The same way Iran and Saudi Arabia are rivals. BRICS is a system to bypass US sanctions.

[@ashasandhiasingaram3900]

Very informative.

[@muratdemir007]

Which is safer for burner wallet, hot wallet like metamask or exchange MPC wallet ?

[@MrMyMusic123]

Bitcoin will be very important to have in 20 years. This vid was one of the best ever!

[@DmytroBalaniuk]

Great info. Thank you.

[@antoniobrandao5632]

239 / 5,000 Why was XRP not covered in this video as it is the currency that BRICS pay will use? After all, the subject here is cryptocurrencies more than politics! (understanding of course that geopolitics and the cryotomarket are intrinsically linked)

[@sssssnake222]

Xrp is junk

[@antoniobrandao5632]

@@sssssnake222 That s not the question..!

[@CarnisChampion]

they do not want you to buy XRP? rather they want you to sell your XRP bags so they can get it cheaper.

[@antoniobrandao5632]

@@CarnisChampion Well not mine! that s for sure. But I would have liked to have had more information on the subject|

[@CarnisChampion]

@@antoniobrandao5632 it would be interesting for sure if Coin bureau would cover that part as they are usually quite informative.

[@bajovujovic2004]

Awesome video

[@petrabridgemohan7006]

🎉always well exolained for global south to appreciate. Go brics...

[@AngeUM]

I have been following you for at least 7 years and I continue to be impressed with your insights into world economics. How do you manage to summarize things so well? Did you get training in economics? Just curious and thank you!

[@wahdhaan]

Not available for Maldives

[@laraandrews9710]

Thanks Guy

[@yashsharma8738]

Great Video!!

[@oyeutube]

America has been playing hard ball with India, hence India's willingness to deal with Russia and China at least they deal in equal terms.

[@mr.nurav_nifty]

LOVE FROM INDIA, KEEP HODLING BITCOIN🇮🇳

[@knottytoob]

4:03 Great distinction. As always, another one 'out the park', from the Coin Bureau team and Guy, made possible by it's Patreons, members, subscribers and viewers, alike. Kind regards, in deep appreciation, to you, yours and all.

[@DramalessEarthbound]

Good day!

[@IlluminatusNovous]

Operation Sandman is the public name but it’s true name and process is something else entirely

[@muratdemir007]

Nice work

[@Iherdit2day]

Same in New Zealand! I can not believe how this news is being ignored and not reported in NZ 🙄

[@seanrota3359]

Don't be, our news in NZ is crap, rubbish journalism. TVNZ is just Government propaganda

[@TimJSwan]

I'll let the BTCers and lightning nodes try to help themselves in midst of this, while I'll just be laughing as my BSV works perfectly all the time, never adding up to $0.02 for transaction fees for decades.

[@PerroWero]

Great video!! Thank you for not parroting the typical US propaganda! Ben Norton would be proud!! 🙌🏻

[@n.bantukey7832]

@coinbureau Well done. I would have to disagree with the last example of Egypt and their IMF debt. Simply because 13billion USD in todays debt would be much easier to payoff when the world starts to back their currencies via GOLD and a new payment system. The revaluation of gold would send the US dollar to a much lower value and therefore any debt denominated in almost any fiat currency (not just the U.S. Dollar) not backed by gold/commodities would be breeze to dump and/or payoff.

[@rayhetherington7989]

Thank you 🙏🙏🙏

[@luckymomnealyanna]

I hope u could mention the role of xrp in BRICS payment.

[@letusgro]

Top G or I should say top guy is back

[@saulvillicana292]

They are very different countries with many goals, some of those goals geo politically are against each other. How long will these countries actually have the good will to work together. In addition many of the member countries go through regular upheavals of politics and ruling parties. We'll see.

[@ttully]

Just waiting for TODD TO FACE JUDGEMENT for stealing from the mint.

[@globetrotter6282]

The proposed cross boarder payment system and Brics pay is based on Ripple XRP tecnology .

[@yor3853]

No xrp? 😢 Can we buy brics stocks?

[@P2wpio9143]

Would be nice to not watching camera jumping forward and from the right. I’m not epileptic but that was tough one for me. Also I would suggest (only suggestion) for CB editors to check how our brain works and why right sided picture, or person looking left from the right side in most cases is pleasant for 95% of population. But if CB had put Guy at the right side, and then continue jumping between cameras like they did in this video , then it would be even worse disaster. So they just put it him the middle and made it half way bad

[@ayushshukla6310]

As an indian i know much in detail about why we are parting with BRICS, if u guys wanna know anything, ask away, i might clear your doubt.

[@robertotomas]

How doesr that claim about us interests rates at 9:40 make any sense? If I borrow a sum where my loan payments are 10% of my earnings, and the dollar drops in value (which happens with high interest rates), I need less than 10% earnings to continue payments. If the dollar doesn’t drop in value, then I still need 10%. If the dollar paradoxically (or temporarily) gains in value then I need more than 10%. In no case does the interest rate in the U.S. actually effect me, it’s the cost of the currency, which will _tend to diminish_ with high interest rates but infidelity can be held off or diminished.

[@ade126-i2g]

Thank you for a great video, very interesting. I believe sanctions never work, just shows a bullying mentality which I detest. The rise of BRICS strength will hopefully provide a balance in the world order which is becoming more and more important. Keen to see the BRICS pay system become more widely available. It would be very interesting to be able to see the supply and demand data for commodities.

[@nivking8963]

People don't see the potential of XRP

[@123njuinjuigt54]

Long live BRICS!

[@Jack_Parsons-666]

"We're gonna need a bigger acronym"

[@vr2gthr]

So called ? So called G7 ?

[@mancha500]

Interesting

[@jyy9624]

Correction - IMF is a balance of payments lender, IBRD is the project loan bank

[@Nooooooooooooooo1x]

I'm here before our sister from yemen😅

[@lawrencehutson2478]

And also, the interest rate is now 21% at the time of this Writing so they are not in good shape and anybody looking at it can figure that out