Can the BRICS Dethrone the US Dollar?

[@mcyclonegt]

Of course they are going to come out with a propaganda video saying we have nothing to worry about. That means we definitely have something to worry about. These things are unpredictable. Just remember that.

[@darlene333]

Exactly!

[@cgdimension]

Economists are predicting US debt will be something like 190% debt to GDP by 2050, the value of the dollar is weakening without factoring in the external threat from Brics

[@Randy2747]

But at the same time they already told the people what was going to happen.... they said many times you will own nothing and be happy

[@SonOfGod3000]

If it’s based on gold of course it will stop the dollar.,

[@TaxPayer-ln5lx]

Yup there’s a few gold mines up in Africa that are built and mine by a Canadian company. The African government wants 50% of the gold mined. With talk of more. Soon enough USA and Canada will be third world countries. I put Canada in their because Canada piggybacks off the American dollar. Americans and Canadians have two people they can thank and they are both liberals: Biden and Trudeau. All those sanctions they put in place only hurt our own citizens in the long run.

[@alberthernandez5318]

Whys that? I remember reading one downside of a gold backed dollar was frequent economic downturns when currency was transferred between countries.

[@cryptotaurus333]

Read my post.

[@majesticf0x130]

Not without effecting growth within those countries that want it, that's why fiat was created, to artificially remove the upward bounds of growth

[@ScottKulik-f6q]

Trillions of Gold is found every Hour with the machines we have so these days Gold ain't even scarce to find. What's it doing for everyone except in our technology? What is the reason why Gold should be marked so high and valuable. Yall need to watch the History Channel and educate yourselves every once in awhile. Gold ain't all that no more and every country knows it but acts stupid

[@poseidon1641]

❤ If it is true that the BRICS+ currency exists, then I am very confident that not only the US dollar will collapse. the Euro and Pound will also fall. and the world is successfully reorganized according to equal human nature. the peasants and the rich on earth will respect each other. amazingly I respect the creators of equality. the poor will not die of hunger while the rich are partying prostitutes on private yachts. ❤❤❤❤❤BRICS+❤❤❤❤❤

[@mikkuga1]

Brics currency is not an economic move. It is a military move and people should start paying attention.

[@quentinmims9400]

Yes exactly all it’s about is military moves I have a feeling WW3 is getting closer and closer

[@sepultexas666]

USA only can fight with all of them and win, put attention in more important things

[@ZenoSamaOmniKing]

nope it's just helping, countries who are controller by us due to dollar

[@AsadAf-rs1mm]

you nailed.

[@mikkuga1]

@CrAzYWarriorLegend it's helping countries like Russia, so they can invade Ukraine. Thus making sanctions useless. In the end it will lead to WW3.

[@rubenmarcelo3832]

Economy started with the Dollar dominance and its really hard to make changes with the small countries who’s been hooked already like small Asian countries who believe they destined and part of it!😊

[@louditalian1962]

US dollars is suffering is it has competition. Never in its history has had such a completion such as this.

[@lysetteperez3032]

Yes it has when BRICS first came out in 2008

[@charlesbrightman4237]

ECONOMIC INFLATION: The way I see it is that regardless of the currency utilized (gold, silver, fiat, crypto, etc), economic inflation is still economic inflation. ANY economic inflation over previous economic inflation, overtime, eventually becomes exponential economic inflation. If an entities' wages, benefits and investments do not keep up with the true cost of inflation, then the entity falls behind in buying power and becomes poorer. A nation will eventually fail as will a global economy will eventually fail with ever increasing economic inflation because most people do not have wages, benefits and investments that keep up with the true cost of inflation. Math is still math.

[@willrobinson4976]

People were saying the Euro was going to replace the dollar when it first came out. Never count the dollar out, it's a very resilient currency.

[@ntokozosibanyoni1421]

Actually its taken a massive chunk of the market share occupied by the dollar. Why do you think Iraq was invaded? If the dollar is so resilient why does it need a whole US military to intimidate nations into using it?

[@adityabharatee6655]

Euro didn't touch the real backbone of the Dollar, the main strength of dollar. Oil and banking money by Dollar. Digitization has the power to decrease these depedencies if not all then atleast considerably.

[@nyfan9215]

World needs it

[@JustinStLouis-xz7ut]

Russia/China: Join BRICS and we'll print you 10 trillion dollars to spend with us. America: We'll lend you 20 billion, you pay us back 25 billion, mmmk! Checks already mailed!

[@chetan257]

As an Indian dependency on dollars is huge threat to Indian intrest… Go BRICS 😊

[@sepultexas666]

Brics is over!

[@DK-yz9xk]

@@sepultexas666says you American 😂

[@sepultexas666]

I’m Argentinian, and i can tell you we won’t be part of the brics circus

[@Ms-a_1]

​@@sepultexas666Argentina is a small economy. So it doesn't matter

[@sepultexas666]

@@Ms-a_1Brics is falling apart, they will disappear in 2-3 years

[@majesticf0x130]

BRICS isn't a competitor, more of an alternative as most international transactions will still happen in dollars, the euro dollar market is huge globally, and won't be put down so easily. BRICS members will still transact in dollars, as it would be necessary not to hyper inflate their currency early on. What will likely happen is there will be more options and more incentives for global banks in this new multi polar world to offer better incentives to use their currency which should lead to more prosperity, not less. Additionally, one thing that a gold backed currency will have issue with is money supply expandability and elasticity which would inevitably result in a limit to how far they can push the new currency in terms of scope and reach. You don't want your currency to be unusable so there's many checks and balances that must be met, not to mention global trust must be met including transparency of assets held.

[@BillyTimes-dw7vs]

Well said alot of people are not looking at the bigger picture of this brics issue the world owns alot of our national debt . I just don't see it happening anytime soon who's going to trust China to lead 🤔 this.

[@mgs5241]

Remove the petrodollars!

[@nt75]

Most likely not.

[@mgs5241]

You can by removing the petrodollars!

[@Alhaqh]

Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States . No need to print dollars out of thin air it will rain on US from brics countries 😂😂

[@worldpiece2023]

So the video saying dollar is too big to fail. When half of the world avoiding transactions in dollars it has to have an impact. If the bricks would come up with another currency, that have of the world not using the dollars for international transactions. It will have a huge impact on the dollar. Growing economies has a better turn on investment, other countries will be gladly joining Bricks to have a part in it.

[@myotheraccountissuspended921]

So basically the dollar is screwed. I knew it when he threatened economic instability. You don't threaten unless you're threatened.

[@cgdimension]

All the nations invested in the dollar will have the option to switch to the BRICS currency if its in their interest, the US however is trapped and entwined with its dollar, imagine if all nations ditched the US dollar, isolating the US with its impossible debt and dead currency, a house of cards of its own making. Such an event could even convince individual US states to leave the Union to be independent or join another nation not tied to the dollar. All this might not happen this century but the US in the 2100s with a debt double what it is now, millions more citizens, severely impacted by climate change, foreign wars...it's bleak and all happening quickly all at once

[@daveboyke4294]

I would say just use gold, BRICS would never be able to beat the dollar. All those countries that comprise BRICS should just use gold to back there own currency.

[@loxlux8118]

Netflix and in Hollywood

[@CurtisDavis-ws4wo]

#WoeIsAllAmericansWhenThisVeryThingHappens!

[@christopersambeli6566]

they want to ditch the dollar not to repalce it

[@xcloud777]

😂 Euro can’t even bring down dollar which comprises of wealthy european countries! How about brics? Comprises if weak countries looking to dominate because they have oil? Its a BS 😂

[@Ms-a_1]

China and India will be the biggest economy in the world ranking 1 an 2 in just one or two decade. Both nations will have more economy than Us or Europe put together. So Eu and Us doesn't matter only China as India matters.

[@Neo.555]

Sure. Keep ignoring it. Vote to increase your national debt. 😂 Spent unlimited money on wars across the globe. 🤣

[@ZenoSamaOmniKing]

Asia is the home to majority of world population kido

[@xcloud777]

@@ZenoSamaOmniKing thats why you were just a commodity big market, where is brics now? In chaos and in despair 😁

[@xcloud777]

@@Neo.555 no matter what we all gonna be F😁

[@EmilioPuttonchannel]

Expanded

[@Sterfillah]

Yes of course "nothing is impossible in this world

[@RuralmoneyOfficial]

Yes.

[@juanmontoya6622]

One is tropical; the other tundra. One has nuclear weapons, space program, oil & gas. The other has nothing extensive. Tundra inhabitants earn $500USD a month, but there are no massive shanty towns. The other possesses massive natural resources, and it is free from massive expenses aforementioned. Though it is also dotted with massive shantytowns. Both have very similar GDPs. Both are being titillatingly celebrated by a banal acronym as the next global force. One is immensely more corrupt than the other. Which one would that be? How come it is not known 2 D. Why is not apparent to D? How come they receive unconditional approval of D?

[@Neo.555]

What do you smoke?

[@juanmontoya6622]

@@Neo.555 Typical reaction when lacking counterarguments,no?😄

[@worldpiece2023]

He is definitely smoking something. Written gibberish. Swift controls every transaction and this entity will be no longer in control. Period. Tundra or not.

[@saveUyghurs]

Music too distracting

[@BlaqDynomite]

It’s happening now

[@nesseihtgnay9419]

No they can't,

[@charlesbrightman4237]

Yes, they can.

[@nesseihtgnay9419]

@@charlesbrightman4237 how?

[@charlesbrightman4237]

@@nesseihtgnay9419 A good question. Equally good though is 'why not'?

[@nesseihtgnay9419]

@@charlesbrightman4237 so you can't tell me how? Huh?

[@charlesbrightman4237]

@@nesseihtgnay9419 You first. Your opening thread says 'No they can't'. Why can't they?

[@Yogeshwar718]

😂 watch it happen soon and get used to minimalism

[@deannekliene2673]

We have had economic issues before and Iour allies will continue to trust the dollar....this is due to JEALIUSY ...

[@taej5772]

Never say never but highly unlikely

[@Tryshroom]

Hypothetically , how long do you give it ?

[@IamRemoWilliams]

It's going to be tough.Being backed by gold....so what.

[@barbarasizemore5961]

We just need to stay with our own U S money, why should we try to be like alot of other countries

[@johnb9045]

Because the federal reserve needs to be abolished. It is ruining our lives for their own political interests.

[@bryanincognito8945]

This video has the typical assumption about the dollar's strength. It's a fallacy if you don't get the US debt under control. Interest on debt already now more than the total cost of military spending. Soon it will exceed medicaire..

[@hilwaamanamankiyar-pp5bf]

SAB

[@TOROG13]

Sounds to me like someone is hating 😂😂😂

[@du5tman]

A wishful thinking video

[@nocrtname]

Which of the BRICS is going to run a trade deficit? Because if they're going to trade with each other with a currency separate from the USD, someone's going to have to do it, and it's sure as sugar not going to be the Chinese.

[@Neo.555]

We will figure it out.

[@johnniccoloasoro2122]

Not gonna happen hahaha it will be toilet paper not gonna happen until 2030

[@Krebssssssss]

A gold-backed currency is a disaster…

[@RockOfGod]

Brics are the nations in the Bible Ezekiel that goes against Israel

[@Neo.555]

😂 What a load of nonsense is this? 🤣

[@Psalm144verse1]

Are you sure

[@cgdimension]

​@@Neo.555every video on KZbin, there's always religious nuts dropping an egg ;p

[@ScottKulik-f6q]

The Bible is a book written from lying human minds and hands that has been written over and over again and is a bunch of fake mythological lies! Who cares what that book says the Christians were wrong about predicting the anti-christ and is wrong over and over again the past 20 last ppl they said was the Anti-Christ! Ppl tend to forget religious ppl and that fake book has been wrong continuously for thousands of years

[@nekoguru3102]

That’s what you think speaker. Keep telling lies…..

[@Tesmoofficial-ps6nl]

Do you really think this will over throw the dollar? Then you’re dumber than I thought. Anyone of you who’s willing to give up their dollars let me know. I’ll give you 15cents on every 1 dollar.

[@kerryvanskonsol792]

Keep cry

[@ellescafe7118]

Ouu

[@JuliusSalcedo-e4f]

No, they will eat their own member someday, thats the modern USSR

[@Neo.555]

Love BRICS 😍❤️ & R5.

[@ScottKulik-f6q]

I can't wait to grab some popcorn and turn on KZbin when I hear Brics is trash

[@jasonjagai1781]

Im for brics