Implications of a new global reserve currency for BRICS counties

Analysts continue to speculate on the implications of an international reserve currency planned by Russia and China amid fears that the US might be facing a recession. The announcement of a reserve currency was made by Russian President Vladimir Putin during the BRICS Summit in June.
Meanwhile, former US President Donald Trump warns of a depression if the US economy continues on the slow growth path.
Associate professor of Africans Politics at Unisa, Professor Everisto Benyera, as well as Redge Nkosi, Executive Director Head of Research on Macroeconomics, Money, and Banking at Firstsource Money, join us for the following discussion
For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms.

[@05_Tyberius]

I'm all in for it. The whole of Africa should move as one in this direction.

[@Powerdawa]

That's the plan!

[@BonsuBigWhale]

Afrika can move in any direction; as ing as it is not tied to Euro Central Bank or its manipulations

[@johnnwabuforudemezue1108]

LOL, they are scared the Chinese Yuan will become a reserve currency, but that is not how it will work in the end, being a reserve currency comes with its pros and cons. Cons of being a reserve currency. 1. Inflation being passed to your country, making goods more expensive in the host country like the US. 2. Manufacturing becomes less competitive. Where is " Made in the USA" Today, America lost the top spot in global manufacturing because inflation caused wages to go up and the cost of labour increased, causing many factories to move overseas. Here is how BRICS Would function. China has seen all these and would not be a reserve currency, instead will create a standalone reserve currency owned by nobody and not the official currency of any country, and attach it to trade. This would help china devalue it money to that reserve currency and still be able to hold her factories and stay as the top manufacturer globally.

[@AnneliedeWet]

Yes, hallelujah, how long must we wait?

[@MinionG911]

@@BonsuBigWhale that's if all west Africa countries using franc cfa will succefully adopt eco otherwise they will continue being tied down to France. They are lucky France is not doing bad compared to other European countries worst hit by their own sanctions

[@theonly6359]

We need real news like this coming out of South Africa 🇿🇦

[@jrocc_kmh]

South Africa 🇿🇦 is controlled by the Jewish elites Jacob Rothschild and queen Elizabeth they own all the gold and diamond 💎 exchanges in South Africa

[@JayJayAY1234]

I dont think people realise how huge this will be for SA. International trade being conducted on our core currency. BRICS accounts for 40% of the worlds population. Saudi is applying to be a BRICS member. The infrastructure development and spending that will go on in SA will be HUGE. United States Government debt accounted for 123.4 % of the country's Nominal GDP, last time i checked SA was 61%. This is going to rock the IMF and global lenders control they have.

[@zaynvogel1737]

​@@JayJayAY1234 xrp to the moon

[@MYZENBERG420THJEEPY]

Maybe well even live to see the benefits 40% plenty for them to steal from

[@phumlaninkabanhle7219]

Thank you BRICS, it's time for turn over, let those who were intentionally undermined be praised now and forever

[@georgelovell477]

What this panel is not understanding, the US dollar will always “the world’s problem” (President Nixon). I have seen only one person who understand what he was articulating. The bottom line, the US Dollar cannot be replaced unless they themselves removes themselves from this standard. BRICKS can implement a reserve currency however, it will fail. Implement BRICS currency and see the speculators or market forces destroy it after building it up.

[@berlindickson8533]

Don’t forget what the Bible says about the end time . That’s how the Antichrist will control the world . Be careful with how u follow China n Russia with their global currency all because of the love of money.

[@-TheOracle-]

Putin declared this week that he will supply military security for all BRICS nations.

[@georgelovell477]

@@-TheOracle- has he proposed to be president for life.

[@desmondmareka2112]

America its a dictator of the world,I hope this works

[@fanamlawuli6761]

The best interview I have ever seen on SABC, right questions, right answer, real journalism

[@ayodeleajayi7481]

Bang on 👍

[@kingdomvmcom3587]

THEY HAVE NO OPTION. FREEDOM FIGHTERS ARE ON TOP. VIVA MULTIPOLAR WORLD 🌎 ♥️ ❤️

[@township-connections6386]

I feel like that too, it one of the few times they discuss things that really matter

[@SoundsLikeOdie]

I was blown away too. They didn't mention apartheid once. That's that's my cue to yawn and turn on Netflix.

[@AnneliedeWet]

Thats not a lie...it must be the ghost of Kiev that became the ghost of BRICS!

[@kacaymancountryclublocatio5171]

South Africa does not need to be worried, as a matter of fact Africa on a hole does not need to be worried, they just need to bond as a nation and create a system that allows trading among themselves, they have all the resources and wealth they need to do so.

[@charmainebester5819]

Just remember that there are 2 United States. One is a Corporation with Biden. United States Republic with Pres Trump Biden is New World Order with a depopulation agenda. Africa is on that list. Biden is a puppet of the New World Order which belongs to 13 Elite Families. Prof do your Research. They are are all secret societies. Starting with Free Masons. Go to the World Economic Forum Website it's all spelled out.

[@richardgreenwood6474]

That won't be permitted

[@WeAreTrueAfrican]

@@richardgreenwood6474 who supposed to permit it

[@Kargbo7852]

@@WeAreTrueAfrican his late father 🤣🤣

[@stargatekeeper3303]

@@richardgreenwood6474 🤦🏼‍♂️I think it will be soon...The awakening has begun and nothing will stop it. Every Empire oneday will fall...🤷🏼‍♂️

[@FinanceHubb_]

Libya was invaded because of the gold dinar proposed shift

[@gwinyafats4728]

U.S will sabotage this move! As they always do

[@EroticOnion23]

Gaddafi was an idiot who got himself/his family killed and his country blown back to the 7th century. He should have known that he was an ant challenging elephants, China & Russia were not ready for the renewed gold standard at that time so even they did not oppose the west's military action...

[@philipbanda6637]

Whites murdered Muamar to ensure the US$ remained a world currency and ofcourse to steal Libyan oil

[@povitti]

You need a strong army 1st. Gaddafi didn't have and Africa is fearful. The US budget is mostly spent on Military to keep the world scared of switching currency or denying them resources. Thats why with Russia, China n India.. thats a lot of money n manpower.

[@Aegon_Targaryen]

So you think usa will invade RUSSIA (2nd most powerful military) China (3rd most powerful military) India (4th most powerful military) At a same time ??

[@stephennixey]

Well done BRICS go for it, us Kleptocratic Europeans and Americans deserve a little competition. A currency backed by commodities as opposed to the US $ backed by weapons and sanctions coupled with NATO and the WEF.

[@rolandgrz1975]

Right on

[@anatil4]

Commodities and atomic bomb from Russia and China and other countries that will be part of the group

[@peacewithyou503]

Thank you for not forgetting Brother Leader, Col Ghadaffi. Murdered for standing up.

[@josephwanjiku6853]

Brilliant Man

[@jono2233]

"Qaddafi’s government holds 143 tons of gold, and a similar amount in silver … This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. .." from the clinton emails before they murdered him.

[@yummytummy88]

He didn't aligned himself with Russia or China before leaving the US dollar. That is why the US sees no obstacle to get rid of him. This is a chapter for all sovereign nations, like Cuba, Valenzuela and Syria. You have to find the enemy of US and align your nation with them to protect yourself from removed by the colonial master.

[@isoboy1000]

About 4 years ago someone spoke about US losing its power grip in IMF voting powers after China and Russia rose the issue that US contribution to the global economy has decreased in last decades so they can no longer hold more seats like they used to. Today the effects are unfolding.

[@dinahgaisie5198]

In 5 years time 2027 CHINA would be overtaking USA AND TO BE NUMBER ONE IT HAS A LOT OF RAMIFICATIONS FOR THE WHOLE WORLD ECONOMY

[@felizardobulaong7766]

Arabs producers of Oil and and gas domonant blocked cut ties with the USA and got cooperations with Rusia. They are supported by Africans, Brazil, India and China. They covinietly making decisionto remove PETRO DOLLAR by much larger fund from BRICS.

[@lilacer6841]

Russia already stopped using the US dollar since 2014. They also have their own payment system.

[@phoenixptyltd8030]

Exists purely because of the existence of paper currency, not measurer able, whereas resources can be measured.

[@phoenixptyltd8030]

Russia has proven that a country can trade with its natural resources. Why pay with a dollar when you can pay using your country's resources. Easy compared to digital money that's uncontrollable due to inflation system. Inflation

[@lilacer6841]

@@phoenixptyltd8030 correct. Russia is the richest country on earth if you measure by resources. That is why GDP measured in paper money means nothing and Putin knows this so he is not afraid of sanctions. Only Russia can do what it is doing not even China. People dont realise how powerful Russia is.

[@TsarOfRuss]

SWIFT was working since 2014, it only got blocked recently through sanctions ... that is why Russia took this step to accept payments only by Rubles, so you will have to open a GazpromBank account to be able to buy any energy product in Russia ... India is switching off USD/EUROS too..cus its devaluing their own currency

[@therealistOba]

They made a very smart move.

[@bellybutton6138]

Excellent interview. Libya is 'too small' to stand up against the USA hence the assassination of Gaffadi.

[@mogamadgreyson143]

And people think so highly of Obama

[@Smiler2724]

Libya were divided that why it was easy for u.s take down Gaddafi but if Libya were united u.s wouldn't invade

[@trevorprime2274]

@@mogamadgreyson143 -- They don't know.

[@BonsuBigWhale]

@@mogamadgreyson143 They are willfully ofnorant and display cognitove dissonance.

[@richardgreenwood6474]

@@mogamadgreyson143 He fooled most everyone. That Peace prize before he took office insulated him from critism on his regime change policies. I know I didn't pay attention for a long time. I was so relieved after Bush left office I let my guard down.

[@israelluhalima9642]

It's time for countries to stop depending on USA🇺🇸, we are all equal.

[@Norman-Reid_Africa]

One very important reason they forgot to mention for the ditching of the gold standard was fractional reserve banking, a crucial point that was overlooked

[@scalarnai]

Kindly elaborate

[@mogamadgreyson143]

Speak English

[@isellcrack3537]

but they did discuss it... 6:50

[@wihanvanzyl4564]

Not overlooked at all, they know! But can you imagine the hysteria when people find out that the money their bank accounts isn't theirs and is nothing but debt (i.e. doesn't exist)... They will wait until the time is right before they start floating that on the news, but it will be too late. The fact that mainstream news is only highlighting this now is intentional-this is by no means breaking news.

[@legioncold3666]

Yessss and the reason the central bank system will implement murder before giving that up. It orchestrates the market. 6 trillion dollar a day movement

[@mugala1]

Actuallly the interviewer is very BRILLIANT. 1. Intelligent open & information seeking questions as opposed to the routine mind clogging, status quo reinstating framed question that we get from the loud & penicious media outlets. 2. This interviewer seems to be prepared and set for a new world order run by intelligent superior humans as opposed to the stuckUp arrogant feudalism mindset of humanoid kind. 3. The two folks being interviewed from the academia, are RIGHT ON TARGET!

[@cestmoi6721]

Very refreshing to have an intelligent well researched story

[@connecteddthoughts]

How on Earth have none of the western news outlets covered this story?

[@sabelogama9522]

It's not in their benefit

[@DARKSEID76]

You think western media is actually for informing people? Lol, that's cute.

[@gidmosia7065]

Western colonial Tellievision has no truth

[@cmartin5903]

Many of the big western media houses are controlled or owned by elites. The news they report takes into account what is best for them. I like watching Vice news though, a source called alternative media is what some people listen to when they want the truth. And other medias in India or certain regions of the world will tell the truth.

[@G.DD3SS]

Surprise surprise. I'm more shocked that this is being covered at all. News is normally controlled by the propaganda industrial complex. Guess someone is making big moves. Or trying to.

[@pt20829]

Learned so much from the professors! So glad I came across this program. Thank you! 🙏

[@aprilmasitwe5444]

Great discussion. It goes a long in giving meaning to the many wars that the US is always involved in - directly or indirectly. Right now the US hegemony is challenged, so not only are they pushing for wars for profit. They are also going to do so to protect their global dominance. The provocation of China on the Taiwan question is a case in point, as China is viewed by the US as a direct threat to global dominance

[@dastellarnapster1652]

XLM Baby

[@francoisguyot9770]

I'm delighted to see that Africa has an alternative to financing their development without having to fear US retaliations. All thanks to BRICS! May it grows peacefully. I hope it does not repeat the same crisis the Euro went through though. A basket of reserve currencies properly indexed to each others is quite feasible nowadays with a common BRICKS world financial institution and powerful servers that register world econmic indexes in timely manner. They can even restore the credibility of major cripto-currencies.

[@kathrynj.hernandez8425]

Correct. BTC and ETH, which is on target in September 15 for a major upgrade. Nothing can stop blockchain tech. Also related, India just imported a huge inventory of silver.

[@fullcircle4723]

The Euro has failed because they're not getting anymore free resources out of Africa acquired through colonisation. Africa has chosen who they want to do business with and it isn't the colonisers of Europe, America and the British Commonwealth.

[@lilacer6841]

He forgot to talk about how the US and Saudi Arabia agreed to trade oil in US dollar. That is what cemented US dollar as reserve currency

[@ryanguilbert3425]

OPEC+

[@multibillionair7910]

Correct

[@anthonyokoth8140]

The "Petrodollar" was briefly mentioned....

[@lilacer6841]

@Faiez Cader not fully yet

[@theoracle9873]

Xi and Saudi meeting next week to make another step towards launching the Brics Reserve Currency.

[@kacaymancountryclublocatio5171]

The gold standard was abandoned because the US was running low on their gold reserve so they decided to tie the dollar to the value of oil thus making the USD remaining the world currency

[@SoundsLikeOdie]

Yes. They made a deal with the oil producing countries that all oil transactions would be made in dollars. Hence the petro dollar was born. Now the bulk of internal transactions are made in dollars. The US has abused this privilege. In Layman terms, currently the US 's biggest export is consumers. If it were any other county they would be in the same as Zimbabwe right now. I don't hate America or wish them harm but they need to play fair.

[@garyr7027]

And it's exactly why the US is scrambling for solutions, a replacement for the dollar. When they push for going all electric, reducing oil consumption, swear by climate change, global warming, run out of reasons to create oil wars, it's only a matter of time before the plug is pulled on the petro dollar... local and abroad. What we are seeing now and many haven't cought on too it, is a currency war between nations fighting for dominance of global one world currency. Who will be standing on top when it's all said and done?... I'm certain it'll lead to a all out WW3.

[@BonsuBigWhale]

Russia and China money backed by Gold. They are at their strongest today.

[@serioustalkwithbhudax]

It was missed. I waited for them to throw that in. Another person would be wondering what a petrol dollar is since the professor threw it in at the end.

[@lungamasuku6872]

BRICS FORWARD!!!!,

[@bongoseakhoa5092]

This is honestly quality journalism, no agenda just pure information 👏🏽👏🏽👏🏽 Brilliance

[@chamusso]

Brilliant interview with intelligent minds of the great Nkosi and Prof Benyera...SABS needs to organize a 1 hour session with these 2 powerful minds including Siyabonga Hadebe in the engagement.

[@kazykamakaze131]

Interesting times ahead, new reserve currency and also split SWIFT equivalent system as well will mean that no single nation group can control another as you will have a choice between 2 now. I do think US has kicked themselves by agitating other large nations and has caused split systems that could cause a collapse of the US economy as it is heavily dependent on being a reserve currency.

[@therealknightrider.7908]

Swift is dead and we are moving towards crypto for currency, watch this space and mark my words in the next 10 years see this space.

[@patrickmcardle4771]

America will destroy any compition. To much power involved.

[@lyndxnjoel6917]

The US is the biggest mockery in the world. They colonised the world without having to put any colonists in any country. Biggest deception machine on Earth.

[@Norman-Reid_Africa]

As the saying goes… order out of chaos… orchestrated chaos that is. The rabbit hole goes deep

[@jeromelouis9618]

@@therealknightrider.7908 Crypto is uncontrollable so yes it might cause a collapse of a big economy like the US. The advantage here is that with central banks the flux of money can be controlled more or less but in Crypto the transactions can be completely anonymous therefore uncontrollable.

[@landslordmukhabela6122]

USD is the reserve currency. We need more reserve currencies to protect ourselves against sanctions that really hit Zimbabwe badly.

[@coldstorage6928]

Spot on , we need alternatives, we can’t have countries weaponizing currency in their agendas of sanctioning other smaller countries e.g. Zimbabwe

[@simplyballing1592]

Very True

[@landslordmukhabela6122]

@@coldstorage6928 I am yet to see a case study that proves democracy works for developing countries in Africa.

[@JatPhenshllem]

@@landslordmukhabela6122 I'm sure there are a few, but I agree, to a certain degree

[@jameslentsoane9037]

This is right, just like with any product/service there needs to be competition. The world needs a new reserve currency.👌👌👌

[@rusrc]

I glad to say hi from Russia to out African brothers and sisters! We are the new fair world 👍😋

[@beautifulcrazy]

Excellent! Finally I see this sovereignty for Africa in my lifetime

[@thenyloncurtain]

Masterminded by PUTIN 🔮

[@tutonguni529]

Putin is a master chess player & we need to pull away from Europe and America nobody wants to part of their hypocritical world order anymore let them be wealthy nations without our involvement

[@Menzieye]

Best president ever. Very strategic

[@tutonguni529]

@@Menzieye indeed he is😎

[@mthadaniel]

Fantastic interview! These people know their stuff!

[@larryjoe1357]

And how do you come to that conclusion

[@gordenmg4966]

Isn't this basic? It means you should follow international news.

[@shelley735]

This was the most informative discussion. Thank you to all and please we want more of this! It would be helpful to have their names below while they are talking.

[@yeboyes5493]

I only wish South Africa can stop exporting raw unrefined material but we should mini, farm…etc in South Africa as the majority holders and manufacture the raw materials to it’s refined state for export so we increase the economic landscape, and our provinces should be divided like US states to have their independent laws so to reduce the migration to one province but try and spread the economy evenly as much as possible across the country

[@lesegomabiletsa6458]

Stupid, vision less and corrupt ANC tikoloshes won't allow that

[@briansnrofficial268]

I agree

[@negritavg5435]

South Africa has a great future Plenty of resources and smart people Just get rid of corrupt politicians and have real people loving leaders in charge..

[@billtev9846]

How do you think we will finance our retirement, if you do something in that nature.

[@ramonng6381]

The most exciting, welcome development lately....we need an alternative world currency, or currencies.....bravo, Russia.and China...

[@redflag4255]

Would be nice to mention we (RSA) are at the forefront of this alongside China and Russia. South Africa is mentioned in the same sentence in international media all the time at the mention of this new reserve currency. We are BRICS

[@Nator_OfficialSA]

And we should have been long time ago we as Africans have supplied the west with so much and they have never given us anything in return

[@ekujohnson1362]

A reserve currency should be a currency that belongs to know one country!!

[@maunzee]

The host showed total impartiality and professionalism, exactly what journalism should be. The painel has been very informative specially the bold and seemingly younger. It’s a very sadand evil reality mind you WARS = D&D (Destruction & Deaths) make some countries/people richer. You debated the root of the problem, the implications and possible solution. Thanks!Congrats! May the Creator guide and protect us all.

[@akanibaone7082]

Thanks Mr Nkosi and Prof. Mr Nkosi your views are highly appreciated. The government should print it's own money and abandons this mentality of borrowing money from the World Bank and IMF. If Orania can print its own money, why can't we. Anyway as the US falls, hope they fall too. Hope the Continent uses this opportunity to also establish one currency and one passport to open and allow free trading opportunities for African people.

[@simphiweclement4656]

I have some doubts that you know what's talked about here...

[@tshepolaka8132]

Great interview, it refreshing to hear the truth and a balanced views by the professors.

[@larryjoe1357]

And why do you know it's the truth.

[@hubreydavid7864]

Great journalism uninterrupted fantastic work 👏

[@ChannelTapes]

Are we with BRICS or are we with G7 because Cyril flies from one to the other depending on how much he has to beg for ????? Poor pennyless man that he is ....

[@nkululekoshoba4034]

Cyril only physically flies to G7 countries

[@G.DD3SS]

Pennyless with over R60m stashed under his mattress and sofas.

[@georgesebetoane5226]

That's why we need to shutdown the country for ramaphosa to step down

[@lesegomabiletsa6458]

Cyril is G7 man. It's just that most ANC members are in favor of BRICS

[@briansnrofficial268]

he is like a real prostitute with zero shame.. takes money from anyone

[@pkchow2580]

Am happy .. Africa knows and how you all should avoid all this issues in the future! 🤟🤟👍

[@marlitocapacite3787]

This is an interesting era of the financial world.

[@patjolly]

Sadly, the ANC is very much in the pockets of the Anglo-American Empire and that is why they did not stand with Iraq and Libya when they were being destroyed for wanting to leave the USD debt Empire. Blinken arrives soon and Rama will do whatever he says. Africa needs to go back to pre-Empire days, meaning sovereign states not determined by the European Empires. So far, the closest it has come to this was Apartheid in South Africa and Tanzania. Such a move to self determination by the various peoples of Africa, followed by new alliances between those nations, would be the way forward. For now, we are a bunch of milked countries shared equally between the Anglo-American and Chinese empires with SA under the former and in BRICS only as a wish list item for China

[@patjolly]

@@motionenergy808 Imperial stooge, CIA or MI6?

[@africanqueenmo]

Amazing stuff. The respectful intelligent non biased straight up factual mind blowing interview that should set the Gold standard for international journalism. Well done all.

[@charlesrogers2953]

Hi Folks - From a senior citizen, it has been a pleasure to hear these gents calling a spade a spade.

[@briansnrofficial268]

i agree

[@terrencedludlu8370]

⬆️✊🏽 BRICS ✊🏽⬆️

[@davidmoss2576]

As an American I'm sadden to say this type of debates are never allowed on air anymore. We preach freedom and rights abroad but its fascism at home.

[@itselevenfiftyfive3833]

We are oppressors

[@mfundongobese8391]

Thank you SABC for this. We need to stick with our BRICS alliance, thank to former president jecob zuma for wise decision, that why the man can't rest, west is punishing him for this alliance.

[@guanda76]

All the best to South Africa. Be on guard against hegemony fight back.

[@lueeynaicker3885]

Big up to SABC against all odds

[@jamiestvanice1497]

Very informative segment. Thanks for sharing.

[@kiaora7214]

I really enjoyed listening to this discussion thank you team, and wonderful guests ❤️

[@cmartin5903]

Thank you my brother.

[@muhanukacadeau99]

Thanks Russia for leading many country's to a way of hope.

[@ewetoobblowzdogg8410]

This American, and many here like me see how our own government was taken over by criminals and many of us pay the price when we scream out against them. We pray that all of Africa unites and becomes a place where all there can prosper. The US will soon see a collapse and many here will suffer , but many of us hope it will be our chance to rebuild in a way that our government will serve the people and not the elite

[@mikkimikki5376]

Just joined. Superior topic. ✨💖✨

[@rekacolborne31]

Excellent news. Way to go! Best regards

[@thenyloncurtain]

🙌🤗❤️🙏 Brilliant ‼️🇿🇦

[@josedecarvalho5502]

"we are in for a long ride", so true. When I think how Chinese production has invaded and dominated the economies of the world including brics group, a long ride indeed. We know how much china's production is dependent of US imports. There is at moment a Chinese collapse in certain areas of it's economy. If I am not mistaken, people can not withdraw their own money from the banks at will at the moment. Small nations will have to be very careful with what is happening right now! The world is changing and we have no idea where it's heading.

[@nduduzomlambo8539]

china does not need Americans anymore there are alot of nations who china is trading with

[@yaoliang1580]

An amateur trying be a financial expert

[@josedecarvalho5502]

@@yaoliang1580 of course...

[@0zRevolution]

Prof. Everisto , excellent contribution

[@TheZuluman7]

Much respect to the two educated gentlemen they explain geopolitics in more simpler terms for the common man to understand .Legends !

[@shafiyaalgiquadra1105]

Excellent interview. Obviously Nancy Pelosi wouldn't do something so risky unless her handlers ordered it. Right then, lets get this WW over with and see if we cannot eek out a better life for all.😉

[@BrightWendigo]

"Get this ww over with" literally talking about stripping an islands sovereignty like it is nothing. Yall are animals

[@rejoiceinthelord3406]

Fully agree she is following orders from the Global Elites.

[@mathopeelroysekgoka9750]

There would be no winners, it will most certainly end in our collective demise.

[@mathopeelroysekgoka9750]

@@BrightWendigo Taiwan is China.

[@shafiyaalgiquadra1105]

@@mathopeelroysekgoka9750 how do you figure that?

[@silviodeassis5728]

I am proud to be Brazilian!

[@AnneliedeWet]

Fantastic relevant program..a rare thing in SA news. Keep it up!

[@CryptoBoy-te1ic]

Beautiful interview... no interrupting or over talking each other.

[@blueunicorn6508]

Can we as South Africa just go back to the gold standard for our currency. There was a time our currency was stronger than the US DOLLAR AND GB POUND

[@cesaraspeaks]

BRAVO South Africa, so proud of my country, at the forefront of BRICS and speaking sanity, truth and sense.

[@greyadamz4327]

Big support, hope to see the African United soon.....

[@thatheforest5806]

Loved it 🙏👌

[@marsdenav]

USA forex is $ 234M vs $5.4 trillion forex of BRICS. If BRiCS basket includes Saudi Arabia, $6T. Definitely BRICS add more stability. The buying power of US and Europe giving them undue advantage at the expense of poor nations.

[@mikecarlton9000]

That's because of an inflated currency without repercussions. If the usa loses its place as the wwc, it will collapse die to it's huge debt caused by printing money. The dollar will be used to create a fire, just like when the Soviet union collapse.

[@aniljeerankalagi4048]

I have been watching many interviews involving knowledgeable African gentlemen. I must say they have immense knowledge. They tell what has to be told and most importantly they know how to articulate! Much respect from India...

[@makandwemwape3058]

These are the kind of interviews or tv programs we as Africans should be watching more. Sadly in my country Zambia we have intellectuals like these men but the media is not making use of them at all. Big up to the interviewer as well as the interviewees. Much love from Zambia 🇿🇲

[@supremewisdom1164]

I've never listened to such intelligent minds. What a marvel!

[@ramonng6381]

If currencies were pegged to gold, African countries would not be this poor....they have most.of the gold in the world.....they should look to China, to develop it, as the Saudis looked to the US in oil extraction.and refinement...

[@musawenkosimakhoba9028]

Going back to the gold standard is starting in Zim, South Africa, should follow, and we really would be set for leading economies in Africa. Especially if we have this gold backed currency across Southern Africa, and then in the Global South

[@cmovum9637]

Not under Ramaphosa the US puppy, I even doubt SA would be in Brics had these initiatives were done under his watch

[@vdblur925]

@@cmovum9637 exactly!! Now we are starting to realize why Zuma was such a threat

[@lesegomabiletsa6458]

@@cmovum9637 bo Ramaphosa ke bana ba makgoa

[@lesegomabiletsa6458]

@@vdblur925 Zuma was a threat but a corrupt one. If Zuma was selfeless and not corrupt, my words they were gonna assessinate him

[@cyberhustler4192]

South Africa rand would have to follow the zim doller first then it can procced to gold standard, which also means no more grands and all this public sector spending of debt thus reduction of government since you can't print gold so now people will have to earn their money especially government employees and i don't see how they'll just hand over their power just like that, they would rather print for their solders to keep everyone safe meaning loss of freedom

[@MrTommy0201]

Yes a great discussion,,thx

[@gibahshoes7895]

I like it when Prof says we haven't seen an angry China 😂👏🏿👏🏿😜

[@glitchh4004]

South Africa is a democracy, which means that the people have a say and a right to participate in decisions like this, as the British had during Brexit. This means that a decision taken by foreign countries does not apply until the people have had a chance to vote. Nice interview, I am only concerned that it sounds like the people might not get the chance to vote, which would definitely be against the constitution.

[@suppeeps5393]

South Africa is nothing but a communist country now they used to be a Democracy lol

[@phoenixptyltd8030]

This is the time for Africa to stand as 1. We hold the most natural resources in the world. We don't need to be a power house economically, however, African military must be the stronghold globally. If Africa holds as 1, joins forces with China, Russia & India, America will have to succumb. Military is the key to everything. US just uses force due to its military capacity. Without that it's nothing

[@givenkatlego7878]

Warmongers

[@jamesn0va]

I'd suggest you look into how geography effects economics. The USA is in its position today largely due to its geography. The rest of the world could turn on the USA and still wouldn't be able to invade it. This doesn't mean US hegemony is forever but it does mean the US will always be a global power

[@jacquelineperet6599]

💯💯

[@ratnabahadurgurung9850]

Really so nice discussions

[@duckymcscrooge438]

I agree with that last guy there… South Africa should work to become autonomous from the United States… And stop accepting financial support from us as well.

[@classicgodlo9168]

5:37 - 5:44 Prof. Everisto: "Firstly, there's going to be inflation at home...inflation is going to visit the United States of America"🤣🤣🤣

[@niallwalshe4473]

As demand drops for dollars in increasing number of countries eventually the only country that will accept dollars is America. Anyone holding dollars will buy something from or in America rather that hold dollars until they are worthless. Thats how dollars return home.

[@Siblo123]

This is what media is

[@RealKayEye]

This is very informative. I need to learn history and appreciate it more if am looking to reason like these two great gentlemen.

[@fayefaye7174]

What will happen to the value of the rand and cash and assets people have...

[@simphiwenkutha9224]

Putin..! the Leader..! Go BRICS..!

[@lexbitte]

May the likes of Putin and Xi be your president, Amen. Stupid!

[@MrSketchbass]

what a lecture

[@katsanddeosurveysltd]

I've liked the discussion

[@mendezapoccalypto7534]

Very skillful ppe, Inlove this !

[@richardleenders8243]

Excellent analysis and the truth 👏..thank you African brother 👍

[@roilhead]

Let's face it, the US has reached the end of the road as a country.

[@maplenook]

Thank you for real news! Rare to find

[@pausereflect5911]

Fascinating it was! Thank you.

[@mathopeelroysekgoka9750]

“War is the continuation of politics” - Mao Ze Dong.

[@povitti]

Slava BRICS!! 🙌🏽🇿🇦

[@cindyrichards9471]

Love this interview.

[@JINNIBOO4477]

The reason why a lot of people are choosing just to get an RV and not pay rent or mortgages anymore I stopped paying rent in July I'm going off the grid in India❤

[@annopproducer214]

Thanks to Zuma for joining brics

[@briansnrofficial268]

i agree

[@aprilmasitwe5444]

Well done Leanne for a great interview

[@JupiterWisdom1111]

Nice one!!!

[@shaunnalson7415]

The best news we have heard. We need gold and silver backed currency. Already in motion in the world.