How realistic is the BRICS ambition to reshape global trade without the US Dollar? | DW News

[@gk.4102]

No. It's not about dethroning the dollar; it's about the ability to do international trade without the dollar.

[@HellBot-gi5si]

You need to get this in you're head. BRICS is not, let repeat this not going to replace or sideline the US dollar. Now if that pisses you off then get off the training right now.

[@gk.4102]

@@HellBot-gi5si You seem slow, so I'll repeat it for you then. It's NOT about dethroning, replacing, or sidelining the dollar; it's about giving nations the ability to do trade without using the dollar. Get it now?

[@A-gor]

​@@gk.4102 isn't that the same thing, though? I come in peace

[@gk.4102]

@@A-gor No. Currently nations have no easy way to trade outside the western financial system which has quasi monopoly on international trade. Having a second financial system as an alternative option doesn't necessarily mean that the 1st system has to go away or be dethroned or replaced. Even if the western financial system keeps control of 99% of international trade forever, at least now you have a 1% alternative avenue to trade that is NOT controlled by the west.

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@colofsco1]

The British had an empire; look at England now.

[@tahidhanna]

They have become a poodle, very irelevant.

[@FindAReason-mi7go]

They should have dropped all hopes of continuing the Empire after WWII, and got rid of the Commonwealth except for Australia, Canada, and NZ. They forgot what happened to the Roman Empire at the end. The foreigners streamed in and sacked the place.

[@colofsco1]

@@FindAReason-mi7go The term commonwealth is anachronistic in 2024. The commonwealth don't even want to pay for the games, so Scotland has agreed to a scaled down version. The European empire including America, will fall like all other empires before it. As night, follows day.

[@Pontiki1977]

Actually ALL empires fall eventually.

[@frg8969]

British empire made English an international language, that's biggest positive impact I appreciate, though it did a lot of bad things

[@xyz-gn6xq]

As a media of a militarily occupied country, DW does not dare to say anything different to U.S. media , no matter how independent it tries be.

[@animeboi6503]

ah yes, the cope about germany or any other US allies being either vassals or a militarily occupied country. Funny how this is the cope people like you turn to everytime publications like DW says something you don't like

[@aem870]

It’s the guest with the biased BS.

[@animeboi6503]

@@aem870 what biased BS?

[@SonyJimable]

The war is over. The bases should all be closed, the spies retired and Germany free to follow its own path. Watching Germany being disassembled these past years has been quite shocking and I don't believe it will recover from its many mistakes. Quality of German products has also taken a big hit and it has damaged their reputation. Now that input costs for resources & energy are also rising it is hard seeing them compete for exports without its previous ability to command a premium as its brands and reputation are diminished. Having to compete on price will in turn cause bigger problems for the German labor markets that won't be able to adjust easily.

[@condoguys9166]

They even blew up a German pipeline and they said nothing.

[@YS27122]

Western diplomats and leaders live in their own delusional lala land😂😂😂

[@erwinz5926]

this is not a diplomat. he represents a think tank.

[@HellBot-gi5si]

Indian Prime Minister said it best, BRICS is not a anti-western league. It is a non-western league. There is a big difference.

[@happymelon7129]

​@@erwinz5926all think tank fund by someone, this means he work for someone.

[@evaluateanalysis7974]

It's odd that lala land provides its citizens a better standard of living than BRICS.

[@SoYappy]

Because they don’t live in your fantasy land? Not talking rosy about your country?

[@Percival5]

USA can't keep their promises to not use Dollar as weapon but here we're weaponising the Dollar😢

[@MustafaAli-z5w]

Yeah, g trade with North Korea

[@Percival5]

@@MustafaAli-z5w we are don't worry

[@bigfootwalker5399]

Ooohhh, that's SO MUCH worse than Russia using BOMBS as weapons AGAINST CHILDREN!!!!!

[@justinwolf7490]

Would you rather them weaponize real weapons? No you would cry about that too way worse.

[@esQmo]

@@MustafaAli-z5w And? Business is business boy. If you have something I want, we trade. that's how it has always been.

[@julieta203]

Do you germans have any independent thoughts, free media and speech or do you need to get approval from the US for everything?

[@happymelon7129]

000ccupied $ince 2WW

[@leonardoorellano6652]

@@happymelon7129 that is exactly correct... dont believe me??? try having a democratic referendum of removing US troops from the country

[@str7413]

Approval from Tel Aviv more like

[@LondiweMtshali-yy5kf]

Lmao😂😂😂

[@innosanto]

Is Germany doing bad through this system? Will Germany do better with a Brics alternative? That is the reason.

[@irose4066]

In India, in 2014 ex finance minister laughed and joked about digital payment in parliament….he said “ do you think village people do give 1 rupee or 10 rupee in cards!!! This is the jock “ he told in Indian parliament……After 10 years, India is top in digital transactions and no nation even come close to India’s digital payment revolution…..now even village shops asking to transfer money in digital for convenience……. Before 2014, may be 1to2% only percentage of digital transactions in India …….but now above 50%…… Everything is possible…..so westerners better ready for future…..

[@BharathKatkuri]

west usa uk 5 eyes other racist countries use sanctions as tool. brics will end dollor dominance

[@matthewalvarez6884]

Thats pretty amazing, gonna look into that and maybe teach my class about it. Thanks for commenting.

[@shabanchoudhary9317]

@@matthewalvarez6884read about UPI and how people are doing smallest transactions like 1 cent just in 1 tap :)

[@rtos]

​@@matthewalvarez6884Research on UPI payment in India, which is among the foremost digital payments system across the world.

[@heartofsteel7821]

The BRICS+ doesn't intend to replace or sideline the dollar, BRICS+ intends to have an alternative currency. Something they can use when the US blocks them to use the USD. It is completely rational. By the way, why do you sound bitter and frustrated?

[@AadhilaEesha]

When the BRICS Currency is fully accepted - first they must have one. And the dollar-dept outside the US is huge, and to get out of the $ the $-debts first must be paid, which will push the demand for $ further. Check out the inflation rate of the BRICS-Countries and specially of the countries, that announced wanting become part of the BRICS. "Want to do" and "able to do" are not the same thing.

[@FranciszekPawal]

There are big changes taking place in the middle east, all Arabian Countries start pulling together the same rope. Israel won't be exited about it, which reminds me of the prediction about how WW3 will be started.

[@Muller_Andr]

No more war I pray, all markets have gone wild. This is the riskiest time to invest! Most expensive market ever, most leverage in market ever, interest rates rising, inflation nightmare, and war!

[@AnkurYo]

Expensive true if you are holding the bag like me, what can you do about it?

[@Jennapeters144]

Market instability and inflation can jeopardize your investments. Diversify your portfolio and consult a fin advsr to ensure you're prepared for potential gains and losses

[@Muller_Andr]

I agree, where can one find a qualified, reputable one? I stay in New Jersey I can hardly get any of them here to answer questions.

[@Venom-uu1ge]

U.k thought India wont exist long as nation, look at today, it still made it , and even the fastest growing nation in the world today. So when western thinker says it wont be significant, it means it will be significant. Just because its complex for them they assume that will be complex for other nation too, they dont know that other nation has better skill of problem solving than west now.

[@garethhayes9982]

😂😂 the fastest growing nation is china ...

[@bruxi78230]

We're talking about BRICS here, not just 1 member of BRICS. Is India going to accept the Yuan as their trade currency? How about the Ruble.(everybody started laughing, nobody wants rubles)? Or is India going to convince other members to use rupees? The answer is no to all of the questions. No currency means no challenging the dominance of the dollar. BRICS is not like Europe with a close group of cultural similar countries. BRICS was invented by a Goldman Sachs economist to quickly refer to a bunch of countries with possibilities, he never meant it as a serious trade bloc.

[@FlashRetired]

​@@garethhayes9982both India China r great

[@Venom-uu1ge]

@@garethhayes9982 check your facts, according to IMF data india is fastest growing economy, if you have watched the BRICS summit Putin said about it and also stated brics can learn from India.

[@JayantaBera-q8l]

Grow up Bhai. It's not all about india. Hum indian

[@shootanick06]

The dollar is being weponized.. that's why other countries are looking for alternatives, and that's just one reason why

[@HellBot-gi5si]

BRICS isn't going to address that issue. If that upsets you then you need to get off the BRICS train right now. But know your country will trade in US dollar with other countries whether you like it or not because it within their best interests.

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@leonardoorellano6652]

@@HellBot-gi5si you seem to be pontificating a bit there bud... now explain why its "within their best interests"

[@gregmasters8558]

Its a bot that joined 5 months ago. Most likely works for western agencies.​@@leonardoorellano6652

[@volkerengels5298]

We all know that. I've been in school in Germany. We were told about slave-traders and colonizers. But as a child you don't fully get - what a massive crime that was. The Colonizers haven't stopped -> they go Imperialists - 'Democracy' - Dollar Kings. "The winner takes it all" - they don't change their mentality.

[@mattn7007]

A journey of a thousand miles starts with the first step.

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@urimtefiki226]

The philosopher Confucius.

[@theleavingroom]

first step to corruption 😈

[@johnjohn-gt4eg]

@@theleavingroom you talking about washinton dc??

[@MaximilianFischer497]

Amidst this, If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year

[@TicheDebb0]

Investing in stocks can be wise with a reliable trading system. Focus on learning when to buy and sell to minimize losses and maximize profits, and be prepared to capitalize when the market rebounds.

[@RowanBryson]

You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.

[@MarshalWagner457]

How can I find your financial advisor? I need all the help I can get, especially in this crisis.

[@RowanBryson]

Her name is “Diana Casteel Lynch” Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@vince9080h]

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@PASCALDAB]

A lot of news have been going on about a rally after the election, urging investors to watch out for stocks that would be experiencing significant growth. Any idea which stocks to put on my watchlist?

[@DonaldStokes-p]

Elon Musk is a huge part of this victory, energy and cars among others upon this win, but who knows, the market has been a basket of surprises lately, it's better to abide by professional guidance

[@Tonyrobs2]

Such uncertainties are the reason I don’t base my judgement on a ''heresay'' 2020 had me holding trash stocks, but thankfully revamp my portfolio through the aid of a pro before seeing significant gains. To date, I've scaled up nearly 320% ROI. it's been 4 years and counting. I and my advisor are working on a 7 figure ballpark goal and we're not far.

[@SeanTalkoff]

@@Tonyrobs2 I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help

[@mikey43221]

This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?

[@Tonyrobs2]

Sharon Ann Meny, is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@wendeltenebroso9324]

Your asking the person who is employed by the dollar.

[@franzthegardener6978]

So true

[@Suvedhanapandi]

Yeah When he said "double down on your strength", he meant to threaten people with sanctions. Lol. Blatant hypocrisy. They should feel the crisis now, as the US as a country is run by the public debt. Sure, that dollar won't vanish tomorrow. But it's status won't be the same in the next decade or two.

[@LondiweMtshali-yy5kf]

He is going to lie to save his job😂😂😂

[@fronabulax63]

this is about making themselves sanctionproof and not about replacing the dollar. Even India is very interested, you never know😅

[@petermomanyi529]

India remembers when the West waged war against it.

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@teardrop-in-a-fishbowl]

"Sanction proof" is a term you don't know how it works. NO COUNTRY is it!

[@mobifinsolutions1956]

I think BRICS no what it is doing, and they are doing it well: I see the possibility of trading without the dollar as the foundation of replacing the dollar. It all starts with alternative systems to reduce the dollar influence, not necessarily to replace it. They are building this BRIC by BRIC.

[@varun2250]

Melanie Joly, the Foreign minister of Canada issued statements for sanctions against India, saying "every option is available on the table", just a week ago. These aggressive statements, even though Canada is not really in a position to significantly impact anything against India. I mean, India had foreseen this long ago even when the relationship was reasonably good.

[@mendthedivide]

The US dollar is slowly but steadily losing its dominant position on its own.

[@HellBot-gi5si]

BRICS isn't going replace or sideline the US dollar. If that upset you then it's time to get off the BRICS band wagon. Because even now you nation will not give up its US dollar reserves and will continue to trade in US dollars despite what you may think.

[@gajaholeng440]

I definitely support all BRICS countries.

[@HarryTranJensen]

Good for you. Be sure do not use us dollars. 😂😂😂😂😂😂

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@fredrik3685]

@HarryTranJensen Thanks for the advice. I think they won't use the dollar.

[@livanwijaya8340]

​@@HarryTranJensenthe U.S dollar will become toilet paper in a few decade

[@ViolentCabbage-ym7ko]

@@HarryTranJensen That's the whole idea. To remove the USD and SWIFT system. You can't impose sanctions to a country that doesn't use Western backed financial system.😂😂

[@Lifeofachihuahua]

“WEST has Isolated Itself” - 😊

[@cowubl]

DW News German Western Media go and fix your falling economy and old population😂. First Accept the reality west is collapsing day by day.

[@handle-changed]

@@cowubl just stay in china and russia media, i heard it is free speach there

[@Lifeofachihuahua]

@@cowubl true

[@randomkyle3]

@@cowublif you think the west is failing, just look at all the other countries in the world 😂😂😂

[@hl954]

Like this youtube.

[@Liboch]

It is not about reshaping the global trade, but to use their respective currencies in trading, basically to avoid any sanction from the US.

[@esQmo]

From the big bully-in-chef

[@kwalelalipimile3894]

Sanctions and charges 😅 hidden costs plus market information

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@ikp4success]

But a trade between India and Russia they both have to agree that one Rupee is equal 1 Ruble. So BRICs is dead on arrival.

[@govinddas7876]

​@@ikp4successare you a child lmao. That is not how trade works. And trade between India already takes place

[@jonasp8920]

The weaponization of sanctions has made the US Dollar unattractive in the global south. The americans caused this to themselves.

[@allenmahakata2666]

Best point in this topic.

[@IK_MK]

This is the 4th brics video in a 1 week span DW, aren't we hovering a bit too close to obsession?

[@MagusMik]

It’s a matter of destabilization

[@stijnvanseveren3027]

No, BRICS poses a real threat to Western valuta's (euro & dollar)

[@dachochiyo3992]

fear

[@siriusman6169]

I think they're scared of the Russian Bear

[@GROOVwithme]

More like fourth video in a day

[@joblooker2012]

this guy knows the whole story and he knows what to not say at the present situation.

[@user-pl9wu1xy3m]

So let me get this straight India doesn't wanna have to choose between the BRICS system and the dollar so it will not want a BRICS currency? Even though they all want an alternative? 😂

[@Christ-follower471]

DW is even scared that they will get sanctioned if they speak good about BRICS😂😂

[@R73949]

True.

[@esQmo]

No, that's not its goal. The BRICS is an alternative, period. Your sanctions and tariffs will make the dollar crumble by itself, not by the BRICS.

[@vegikid100]

what currency BRICS uses to trade? Bitcoin to evade tariff and sanction? What if the West declare Bitcoin =$0? and remove it from the stock market?

[@AnuragRohilla123]

Using our own currencies wont sanction anything but it will sure dethrone it in the coming years. Keep on daydreaming..

[@prabhakar0076]

​@@AnuragRohilla123u will not be paying anymore Dollar debt, if use local currencies. Aka Dollar dies with starving

[@LondiweMtshali-yy5kf]

​@@AnuragRohilla123thats what we want its on the wrong country with warmongers i mean the dollar

[@claudiof.barbano5530]

Russia China are historical enemies. So are India and China. Good luck

[@shafiqkarmand5585]

Lies lies and more lies

[@SonyJimable]

I'm an Australian and all I want to know is how my company can best get involved with the BRICS+++ movement. This is clearly the best path to future R&D, trade, and finance. We recently opened an office in KL, Malaysia to service ASEAN, and was informed that they are intent on applying for membership with BRICS. I think Malaysia would be a very attractive base for participating as it connects the maritime Silk Road and has excellent standing with many of the countries that have joined so far. Very exciting see this unfold!!!

[@Robert-t1m3p]

I thought Russia was isolated 😮😮 sorry I really felt your deep pain now 😂😂 don't worry

[@clownworld-b1d]

😂😂😂😂

[@candlelighting]

They are worried 😅😅😅

[@miteshghadi3146]

America debt 35 trillion debt and interest on debt by 2 trillion debt every year . Dollar will fall if America cannot pay this debt . interest on debt If America reach 50 trillion dollar debt America will have no option left but to go for hyper inflation to get out of this situation. Dollar will fall .

[@engineeringjourney9828]

Nice one😂, and they expect us to believe them.

[@kishwerchaudary-n4g]

BUT INDIA WILL LEAVE RUSSIA"AS NEEDED"

[@fallinloveatfirstdream4222]

Why not! Today, China is the world's magnificent factory, capable of producing and shipping anything anywhere, while the declining hegemony of the US becomes increasingly evident.

[@kishwerchaudary-n4g]

[@nv7287]

While it's true China has become a manufacturing powerhouse, they lack many critical resources. That's what makes the BRICS alliance so potentially dangerous. China has the factories, and countries like Russia and Brazil have the raw materials. Together, they can create a self-sufficient economic bloc that doesn't need the West, and that gives them enormous leverage on the world stage. It's not just about "yay, China makes stuff." It's about a fundamental shift in global power dynamics, where nations that don't necessarily share our values or respect human rights could end up dictating the terms of trade and international relations. We need to be very aware of this and take steps to strengthen our own position before it's too late.

[@kishwerchaudary-n4g]

@@nv7287 SO TRUE. I AGREE WITH U 200 PERCENT.BUT IS IT POSSIBLE UNDER PRESENT CIRCUMSTANCES?

[@xavariusquest4603]

Those companies only exist because of Western currency. Divestment is wrecking havoc. You need to learn more about china's economy and it's support structures.

[@kishwerchaudary-n4g]

MONKEYS CAN NEVER BE "A LION", LION STAYS LION EVENHE GETS OLD.

[@georgem7195]

DW: This random 25 year old economist with no experience or insight of geopolitics thinks BRICS has no chance 😂😂😂😂😂

[@hl954]

Sorry, but do you? How can you judge? Because of the US dollar, the US runs a trillion-dollar trade deficit each year (Triffin Paradox), which contributes to the US "debt". If you think having a world currency reserve is a free lunch, think again, especially since these BRICS countries rely heavily on exports. If they could get rid of the US dollar and the Euro for trading they would have done it a long time ago. This Triffin dilemma is just one problem among many. Another problem is the multi-speed economy problem (economic disparities). The EU is suffering from this problem because of the Euro. Long story short, when your economy is on the down period of the circle, yet the shared currency doesn't lose value since the economies of other countries are doing fine - the price for products, labor costs, etc would still remain high - it would add more problem to your weak economy. Now imagine much larger differences between these countries.

[@MorakAyeni]

You are talking as an armchair economic pundit with a peripheral understanding of the world's geopolitical climate and the well thoughtout forecasts from people with an unbiased understanding of things as they stand TODAY. Maybe we can have a very thorough assessment of the various relevant drivers and eventual conclusions that follow.

[@georgem7195]

@@MorakAyeni my opinion is expressed as a KZbin comment not on a giant news platform. Let’s see if you can figure out the difference 😀

[@fahdhussein6760]

Not gonna happen 😂😂😂 ??? It's already happening whether some twerp in a suit likes it or not

[@ab-js2gw]

Gaddafi tried it, look what happened to him.

[@hl954]

The Soviet Union had tried since the 50s.

[@pilotcyborg.gaming]

@@ab-js2gw US is in debt crisis there is no way US is gonna open more fronts of war its already fighting in gaza and ukraine so free run for brics to challenge the hegemony

[@ayushsingh8087]

@@ab-js2gwwell russia, china, india, south africa and brazil are not libya are they ???

[@TheLunaKeat]

I think he was lying a lot, I google him and he is from USA and even worked in the White House. He is the Senior Director of the Atlantic Council’s GeoEconomics Center. If he spoke anything bad that coud scare investors and governaments could have serious international backlash.

[@alisherkhaliyarov35]

This guy seems very naive about the BRICS, he is not the right guy to hear from!

[@evaluateanalysis7974]

What has he said that indicates naivete? What would you have said?

[@AnuragRohilla123]

They are just doing affirmation asmr calming the us citizens. You can sense the panic in their voice.​@@evaluateanalysis7974

[@AnuragRohilla123]

The guy used 13 minutes forcing the thought on his citizens that us dollar is immune even when people stop using it..

[@FrankySpeaks]

Totally agree, lots of textbook knowledge learnt in American institutions.

[@d.sertsedesta4106]

This guy is okay in his way. But he doesn’t seem to understand the current dynamics of things. Yet, removing Russia from swift has already alerted many to setting alternatives.

[@kvrathnamaiah2913]

Anything is possible. Who would have predicted during 100 years ago europe can became single European Union.

[@amarjitsingh8685]

Yes: And who could have predicted that is a relative weakling on the world stage now

[@peterbenko9395]

​@@amarjitsingh8685No, not really ... EU still represents a big part of NATO military power and the EUR is the second biggest reserve currency in the World ... plus the EU GDP/capita is one of the highest ... just stating some facts, since economics is not your "forte" I guess ...

[@walli6388]

Oh, ppl did that already back then.

[@evaluateanalysis7974]

@@amarjitsingh8685 EU's GDP is second. Germany (just one EU country) is 4th. India is 6th despite its population being 3 times that of the EU and 14 times that of Germany.

[@jerrellholder8382]

​@@evaluateanalysis7974what's the ppp? GDP is nothing without PPP what's the money worth?

[@Bavarian-ko9il]

20 years ago no one would have thought this would happen but now it is a possibility to challenge the $ based system Give another 20 years it may become a reality 😂

[@naeedaafzal3055]

everybody has there end and this is western end

[@MorakAyeni]

Such arrogance from this chap. He doesn't even think South Africa is relevant, hence leaving them out of his useless critique of BRICS. Looks like we have been asleep and not recognising that things are impermanent. We can't rule forever.

[@cowubl]

DW News German Western Media go and fix your falling economy and old population😂. First Accept the reality west is collapsing day by day.

[@teardrop-in-a-fishbowl]

Take a look at your own country! Why wouldn't you? Ahh yes, you're afraid saying, at least, the same about your own part of the world. Like always. Reality bites the fan where his crown jewels are.

[@Neural_Nayak]

it's not only about evading Sanctions by not using dollars, but it's also about avoiding dollar-based inflation being transferred to BRICS countries.

[@HellBot-gi5si]

No such thing. Jumping to different currencies will only make it worse.

[@denisgorjunov]

@@HellBot-gi5si no such thing? And what do you think happens when US print money?

[@HellBot-gi5si]

@@denisgorjunov I know you want so badly for BRICS to be the Anti-American coalition you can taste it can't you. But here the thing you are not Luke Skywalker, and America is not the Evil Empire. In the end Russia and China will collapse and America wants to walk away from world. Leaving you to fend against the rising tide of rouge nations, like the Houthis. Leaving your merchant ships at the mercy of pirates and privateers that will soon be attacking your shipping shutting down "Globalization" most nations will start to de-industrialize.

[@hl954]

The US incures a trillion-dollar trade deficit each year because of the US dollar (Triffin dilemma) Who should it transfer to?

[@HellBot-gi5si]

@@hl954 Sorry, but we only trade with Canada and Mexico. We don't trade with the rest of the world. You need to read a economics report buddy.

[@anudeepsrivastav]

The title is misleading in so many ways. It just shows how a public broadcaster like DW can sometimes lose ethical ground to please specific agenda-driven stories. It is convenience + dependency vs dominance + hegemony, most of the audience the public reads this news as it is without having the context of global order :)

[@ekeh84]

You are so proud that the dollar is not moved, but don't forget that they will step by step get you to become nervous. They will come up with best alternatives to dollars as they keep working together, combining ideas

[@HellBot-gi5si]

Look, you keep thinking that BRICS is going sideline the US dollar, but they meet time and again and they said the same thing they are not going challenge or replace the US dollar. So if you don't like that then you need stop trying blow smoke up everyone butt. Because you just be disappointed like the last 20 times they meet. These nations are going do trade deal and most in US dollars, and Euros. Sometimes they use Chinese Yuan or Canadian dollars.

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@hrrrhrrrh]

Long live BRICS ❤

[@handle-changed]

i prefer people

[@HarryTranJensen]

Really? 😂😂😂

[@tars7706]

Your idea sucks 😂

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@ndavies8]

@@hrrrhrrrh bot

[@abiythelegend9532]

How about you bring a Chinese or russian analysts? Always the same west people how about a debate

[@hafeezurrehman3108]

WHEN THERE WAS BARTER SYSTM MODE OF PAYMENT......RIGHT NOW THE MAJOR MODE OF PAYMENT IS LOCAL CURRENCIES........AND IN FUTURE MOST COUNTRIES WILL START MORE USE OF LOCAL CURRENCIES.......THIS IS HOW MORE COUNTRIES WILL GET OUT OF SLAVERY.....

[@kolviczd6885]

USA in 1980's think that China will only keep making counterfeit shoes and toilet paper for them till 2099 and nothing else.. and look at where we are today!!😂 It's great news that US is keeping this attitude that their dollar is invincible. Let them think that way until one day when they wake up to reality and be like - "Lets make Dollar Great Again" 😅

[@frankleespeaking9519]

Nixon opening up trade with China in 1972 had a lot to do with China rising out of poverty. You’re welcome

[@kolviczd6885]

@@frankleespeaking9519 Nixon did not open up China, China did themselves under Deng Xiaoping.

[@Yungedii]

@@kolviczd6885 definitely,they don't know what countrys with brics and what possibilities they have,food oil technology every thing they have and now only want currency for trade,when usa recognize that will be late,and they should check their country inside chaos before fingering ours,you know what i mean mate..

[@joydevsarkar4474]

@@frankleespeaking9519and why did nixon did it As a charity no to counter soviets due to sino-soviet split and rip off the profit of cheap labour now the situation is changing .You are welcome too

[@joydevsarkar4474]

@@frankleespeaking9519and why did Nixon do it as a charity no but to counter soviets taking advantage of sino-soviet split and to rip off cheap labour ,you are welcome too

[@FlashRetired]

Yes why not, one currency for global west (dollar/euro), then one currency for other part of world (brics)

[@evaluateanalysis7974]

Errr.....dollar/euro is two currencies.

[@irose4066]

Remove Euro….it will be eliminated by USA for their gains…..these western fools believe USA is their biggest partner…..

[@anthonylee3729]

The first 5 min has RIPPLE written all over it!!!

[@ShakebUsmon]

Every Empire will have it's colapse time .And USA going towards that colapse.

[@ReligionHumanity]

Just listen how he glossed over....should any currency be reserve currency.... Well....this is biggest tool of manipulation (trade, valuations, insurance...capital flows,etc) in the hands of USA. It is like playing game of cards and one participant has unlimited pack of cards to draw from whereas others do not have...how this is free market. Dollar is good only for US and its pets...nations without self determination in foreign affairs (allies).

[@okramronan]

I say western media not to cover this sort of BRICS video....😂😂.. non-western countries will do it on its own.. theres nothing there. No need to panic😅😅.. let BRICS be.

[@gowthamsaitana896]

Imagine if half of world's population has made a deal to continue trade between them in their new currency instead of dollar then, what kind of impact it will have on US dollar? Also BRICS is now increasing its members meaning except western nations all countries will trade among themselves in new currency

[@tonylekaana2894]

The fact that you're talking about it makes it possible

[@FANSasFRIENDS]

Well that would help reduce US's sanction drama. Only if dollar is dethroned than others can go against US

[@user_zyzymvb]

Germany is now isolated than Russia

[@eilois]

dollar is bibi toilet paper. Most country agree to not make these new payment system "currency" to be someone else toilet paper such as putin or xi. U.S can be part of this change, but bibi toilet paper is all their worth.

[@MarioLopez-qp1bg]

They dont need to challenge dollar, just need to weaken the sanctions risk, and they are doing just that. What you do if your Bank robs your money, use use other Bank or use cash

[@nv7287]

If BRICS nations decided to create a closed economic system, relying primarily on trade within their bloc and using their own currencies, it could severely weaken the West. They have the resources, the manufacturing capacity, and a growing consumer market. They wouldn't need to rely on Western markets or the US dollar. Sanctions would become largely irrelevant, and their influence would grow exponentially.

[@idkoolproduction]

Question to you why do they get sanctions at the first place? Invading another countries is the reason why you have sanctions. Imagine the world where everyone invading someone but keep doind business as usual buy more weapons and invade even more.

[@MC-ce5pg]

That's why everywhere is at war because of USD...

[@sammygit9486]

More realistic than Germany daring to hold those real culprits behind Nordstream responsible lol

[@kcwong7033]

It is not replacing the USD...BRICS is just creating an alternative trading platform using local currency or commodity. Make it as efficient as possible to trade is their main Goals. It also has the feature to trade using commodity like grain, rice, etc in exchange of goods/services.

[@RaincyBase]

It will dethrone dollar sooner than you expected

[@Nora-o7p]

The USD is the world's reserve currency. The USA has a $$$40 trillion debt with a 10% interest rate. Most Americans are in debt plus high interest rate, so in reality they own nothing but credit debt and interest payments. USA/Israel endless proxy wars will affect the USA economy. The Federal reserve keeps the USD liquidity for high interest loans by Usery. The world needs an alternative to the weaponized currency, not just the payment systems. Currency can be confiscated and sanctioned by USA/Israel bad for global economy if used for collective punishment and collateral damages.

[@G-Man-half-life]

There is no alternative to the dollar… the dollar will still be used as the world’s reserve currency the dollar will still be used for centuries to come the dollar is currently doing just fine.

[@evaluateanalysis7974]

@@G-Man-half-lifeNot for a few decades certainly, BRICS countries are mostly underdeveloped, dodgy or warlike and unreliable. However, China will eventually become more affluent and more powerful.

[@coldstorage6928]

The issue is you think it's about dominance, it's about an alternative

[@dal6984]

Exactly!! Only the West think of such things. My god everything has to be about conflict for them.

[@PJ-yp3vb]

He is nervous, its understandable

[@brand8590]

No he's not. You didn't listen.

[@girirajrathore8067]

As an Indian, I would like to say that the dollar's influence will not go away for the next 15 years but after that it will gradually decrease. The economies of India, China, UAE, Ethiopia, Egypt, South Africa are showing growth between 3 to 7%, while the western economy is going down and some big countries are running their economies in minus.

[@dal6984]

That’s what most sensible economists and financial analysts have said. Not going to happen overnight but will start taking effect in a decades time and there is no stopping it. Just sign if the times. A lot has been triggered by poor decisions made by the west.

[@wdp7128]

The dollar is not unlike the steam engine. It's now facing challenges from electric motors. Will it be replaced immediately? Short answer, not yet but will lose its dominance eventually.

[@lukaszslowakiewicz9395]

I live long enough to remeber the soviet Comecon and the surreal exchange rate of something called "transfer ruble”.The existence of transfer ruble resulted in different pathologies in trade relations, hindered integration and influenced growing internal and external imbalance of Comecon states.

[@glennboodoo188]

How can you really get an honest opinion by interviewing an obviously bias person

[@sahmadi3621]

That man has no knowledge He is far behind Brics printing back nute now That money would work all over Asia

[@malaydhar917]

Gradually whole world will come out of dollar hegemony and imperialist policy of USA and its allies. 🌺🌺💚💚-bmd

[@nv7287]

Don't forget, the dollar represents the Bretton Woods system, designed to uphold democracy and human rights (though we can argue how effective it's been). BRICS nations reject those values entirely. Their rise means a less free, less just world, especially for those living under their rule. Think: advanced technology used for surveillance and oppression. And unlike the West, there's no pretense of upholding human rights. That's the real cost of shifting global power.

[@afzalakbar1260]

U.S DEBT HAVE CROSSED MORE THAN 35.8TRILLION DOLLAR,IN LAST THREE WEEKS U.S NATIONAL DEBT HAVE INCREASED MORE THAN 473BILLION DOLLAR .THIS MEAN THAT $103,700 FOR EVERY AMERICANS

[@bluntbob6723]

US adding 1 trillion dollar debt every quarter 😂.

[@kenho-wr5ul2rh7m]

this is quite crazy we were talking about $24 trillion debt several years ago US govt is losing control on spending and it looks like they dont care about it, considered by action

[@arturoortega1101]

USA Dollar 🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮

[@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❤❤❤❤❤

[@losewhenyougiveup]

Let's estimate how many ppl would like to exchange their wealth to those counties' currencies vs USD............... then you know what is the reality

[@nv7287]

It's not about wanting to use their currencies. They control essential resources and can force payment in those currencies, shifting global power. That's why resource independence and domestic manufacturing are critical for our freedom and national security. We need to stop chasing cheap deals and start investing in ourselves before it's too late.

[@xavariusquest4603]

Further....what's the country that every one of them goes to? Many millions from each chose here and have generally found success.

[@AbdulSattar-su2hl]

These negative against the brics won't make them stop. We need a new financial system. We need an alternative financial system.

[@mckenzydukhedin581]

What is the worse nightmare for the USA and partners is the crypto is here to stay and the other countries can trade with the Bitcoin so you have to be in the game to see how powerful

[@Jasveersingh-nd9er]

Only thing west can do now is “hope for the best”. That’s what exactly this guy doing.

[@MC-ce5pg]

👎🏻open your eyes.. No one is expecting that Russia will survive in war. But now it looks like, the sooner the whole EU regrets...

[@dal6984]

I do believe from 2014, the new banking system was accelerated as consistent sanction were pushed on Russia, China, Iran, N Korea and Venezuela. Even India did not escape sanctions. They realised that they will need to ready a system when the time comes and the sanctions on Russia accelerated this even further. US was threatening invasions and regime change against Russia, China, Iran, North Korea was going to get a counter reaction. Now we seeing it.

[@pappaji4368]

BRICS is UN2.0

[@handle-changed]

not at all, it is just a polarization and division power hungry and greedy club, and non all inclusive....

[@SoYappy]

Then it is just as useless as the UN. People go to BRICS just to see and be seen. Nada has been done.

[@humbleindian6303]

dollar is a manipulated currency, us and west has negative gdp , dollar needs to be be devalued, enough of bullsjit of the west

[@Ropas365]

Just wait and watch next century is not good for Europeans​@@handle-changed

[@pappaji4368]

@@handle-changed frustration can be understood, chill sweety

[@idkoolproduction]

Yes but only Vlad is looking to replace USD and talkink about it. China main export partner is still US and EU.

[@davereynolds3403]

Not only Vlad … 63% of the world’s population want a multipolar approach to nternational payment …

[@ongsengfook]

In denial. Using own currencies will certainly affect USD. At least they can reduce risks of reserves being confiscated. Also by making transactions not visible to the west, US and EU will have difficulty planning their agricultural planting efforts.

[@Ferni142]

It won't be fast but it will happen. Exporting inflation, just USA can do that.

[@joem0088]

Betting on the dollar is like betting on German ICE cars. Good luck.

[@user-pl9wu1xy3m]

So let me get this straight India doesn't wanna have to choose between the BRICS system and the dollar so it will not want a BRICS currency? Even though they all want an alternative? 😂

[@Natalia-te2xn]

us debt is stability

[@popup171]

This Analyst is biased about Brics and other countries. How can you justify weaponizaton of Dollar ??

[@MR-hx6ee]

He just told you the truth

[@vikramkumarp]

Nothing will happen to USD..why EU is using EUR instead of USD

[@nv7287]

It's a false equivalence to compare the euro to the rise of BRICS currencies. The euro was about economic integration within a bloc that already shared similar values on human rights and democracy, values enshrined in the Bretton Woods system that underpinned the post-war economic order. BRICS nations are a different story. They have a documented history of human rights abuses, suppression of free speech, and disregard for worker and environmental protections. Their rise to economic dominance could erode those values on a global scale. Think of. advanced technologies used for surveillance lack of freedom of speech, workers with no rights the inability for citizens to fight for an environment that's worth living in We're all suppression is monitored by AI and other systems. It's not just about different currencies; it's about a fundamental shift in global power towards authoritarianism, potentially dismantling a system designed to uphold human rights and democratic ideals.

[@SolomonSunder]

@@nv7287 The West conducted illegal wars -- human rights abuses, free speech -- has defamation laws, worker and environmental protection -- labour unions barely exist in the US and environmentally problematic stuff is outsourced or the waste dumped in another poor country. Surveillance -- NSA, Five Eyes. There is not much of a difference.

[@teosandev6116]

@@nv7287 Yup, turns out autocracy has significant advantages in war and it is really hard to compete with slave labor on cost of labour.

[@somphaonamnakhone6801]

Let me tell you, why EU and European countries still use USD? Because the USD it's world reserves currency right now. And I want to ask you, how many world reserves currency since 1450 until now? If you want to know just go search in Google.

[@idrinkcoffeeandknowthings]

​@nv7287 because usa and uk and the west are such beacon of peace love and not war mongerers ever ..🙄

[@johnnycash9905]

It’s a good idea that the dominance of the dollar is challenged. International trade will benefit from this. Personally, I benefit from this dominance when I travel abroad. Still, so much power in one country is detrimental to fair, equitable relations

[@liang8255]

Somebody is getting really nervous …

[@VicharB]

One of the few experts it was interesting to listen to, on the topic, as most are biased.

[@olafsigursons]

Russia: Economy Falling China: Economy Falling South Africa: Economy Falling Yeah, sure. Good luck with that.

[@leonardoorellano6652]

Russia's economy is failing ?? how so please elaborate and and the most common economic indicators such as gdp growth, public debt, unemployment, trade surplus/deficit etc etc

[@davereynolds3403]

Errr … your source ? The USA and UK have collapsing GDP …

[@lobzanggyatsobhutia2068]

Just have to do is reduce dollar reserve of brics country n trade within brics country

[@ender8759]

Look at western countries too. Europe, Japan and Canada how are their economy going? 😂

[@kenho-wr5ul2rh7m]

this guy watches too much Gordon Chang

[@bobiel9048]

China - Manufacturing & AI India - Finance & IT Russia - Energy & Food South Africa - Gold & Platinum Brazil - Tropical produce & Biotech BRICS make economic sense. Lower cost for all of above.

[@majidkarimane7516]

UK one day though that pound sterling never be out.... But it happened 😮😮😮😮

[@SsentongoErnest]

Best interview by DW. I am surprised

[@nv7287]

I think it's very realistic. BRICS nations are sitting on a wealth of resources the world needs, and they're not afraid to use that leverage. They can dictate currency terms and reshape global markets, while we're busy arguing about things that ultimately distract and divide us. It's like we're fiddling while Rome burns. Instead of building a strong, united nation, we're caught up in pointless identity politics and debates that weaken our social fabric and make us vulnerable. Meanwhile, the BRICS nations are forging alliances, strengthening their economies, and positioning themselves to lead the future. And the worst part? BRICS nations aren't exactly known for championing human rights. We used to have some leverage to push them on that front, but as they gain power and independence from the US dollar, that influence disappears. It's a dark day when those who disregard basic human rights and exploit their people are poised to become the dominant global players. We're losing our position in the world, and with that, our ability to advocate for a more just world. We're being weakened from within, and powerful nations with very different values are ready to step into the void. Think of advanced technologies used for surveillance, a lack of freedom of speech, workers with no rights, and the inability for citizens to fight for a livable environment. Suppression is the norm, and it's often monitored by AI and other systems. It's not just about different currencies; it's about a fundamental shift in global power towards authoritarianism, potentially dismantling a system designed to uphold human rights and democratic ideals.

[@RockyMondal-nf5ol]

What human rights should be and what's called human rights according to you?

[@evaluateanalysis7974]

@@RockyMondal-nf5ol Since nv7287 hasn't answered yet.... Democracy. Free speech. Equal rights for women. (Probably others I haven't thought of).

[@namewithheldforprivacy7107]

@@evaluateanalysis7974 first define who is a women? have you settled that debate? Then tell us what is free speech when you ban russian TV channels. Whose Free Speech? You just want your version of speech and your version of democracy.

[@tradeprosper5002]

You talk about human rights while bombing civilians every day. Trump doesn't care about the environment and is a climate change denier. Democratic ideals died with Citizens United and oligarchs only care about money.

[@OgieAkmad]

WORLD🌍⚖️🌍WIDE BRICS.

[@authenticmedia24]

IMF has lost all Credibility ,, BRICS on yah Door step 😂😂😂

[@johnwinnerdz1]

It doesn't exist.😂😂😂😂

[@frankt9156]

@@johnwinnerdz1come on let them dream.

[@renosena]

Brazil will now use Drex, the Brazilian digital currency, the Digital Real, which can be used by BRICS+ members. Together we are stronger! We have already surpassed the G7, Brazil grew 3.5% in 2024 and we will continue to be strong together with BRICS+. Happy New Year to our BRICS+ allies 🙌🏻🙏

[@DanH-u3f]

All BRICS nations should just switch to the Yuan. This will ensure their economic collapse.

[@Dihorse371]

Why don't DW ask a simple question: will BRICS countries avoid one less risk by not using the US dollar in trade?

[@garethhayes9982]

Petrodollar has already collapsed 😂😂

[@G-Man-half-life]

There is no alternative to the dollar… the dollar will still be used as the world’s reserve currency the dollar will still be used for centuries to come the dollar is currently doing just fine.

[@robijorum4113]

​@@G-Man-half-lifebruh what world are you living in😂 Saudi arabia is accepting other currencies

[@RockyMondal-nf5ol]

​@@G-Man-half-life This scenario will change within 15 to 20 years. Mark my word if you are young enough...

[@johnwinnerdz1]

Cold fusion is only way to save the auto market and the dollar .

[@namewithheldforprivacy7107]

@@G-Man-half-life trade settlement can easily happen in Bitcoin

[@patricio111]

This man is delusional. If you are trading in other currencies then the dollar is finished. Every time, the US dollar is used a percentage is gained. Usually around 17% to 23%: that is the 9% senioriage+3% printing+bond interest+ financial charges. If other countries stop relying on the dollar, banks lose all that money. No need to buy dollars means no bond sales, and no money to finance. Every business in the United States relies on credit. So, this guy saying that no country can "rival" the dominance of the dollar seems to forget that the dollar has power only as long as the people provide that power. If you stop using the dollar there is no power whatsoever of the US dollar, and US banks. In 2008 there was a collapse of the dollar and everyone aligned to support it to avoid anarchy. Now with systems in place, they may push to a collapse by calling the real debt of the United States. The USA loves to claim that only has $37 trillion in debt, but that is only federal debt. If you call on the real National debt of the United States it has a debt of over 575 trillion (federal+cities, counties, state, social security, medicare, unfunded liabilities, commercial, mortgage, student debt+credit card debt). But it gets worse most of the debt in derivatives which could easily reach several gazillion dollars is held by US banks. The collapse will be massive and other countries are preparing by being able to have other payment systems and other currencies while the United States can face total collapse.

[@randomworld4662]

no one force the world to use dollars every country use dollars as their own choice even russia and China and India keep their reserves in dollars no one force these countries to keep dollars but they do because they trust the USA economic stability and power !