De-dollarization: Why BRICS & Global South want alternatives to US dollar

  Рет қаралды 57,764

Geopolitical Economy Report

Geopolitical Economy Report

6 ай бұрын

The expanding BRICS bloc and many Global South countries are trying to de-dollarize, diversifying their foreign exchange reserves and trading with local currencies, due to the threat of US sanctions and rising Fed interest rates that make it difficult to service dollar-denominated debt. Ben Norton explains.
|| Geopolitical Economy Report ||
Please consider supporting us at GeopoliticalEconomy.com/Support
Patreon: / geopoliticaleconomy
Podcast: / geopoliticaleconomy
Newsletter: GeopoliticalEconomy.Substack.com

Пікірлер: 368
@darkmatter5424
@darkmatter5424 6 ай бұрын
Russia being able to survive and at some level, even thrive under the western financial sanction will be a critical lesson for the global south on how to circumvent western financial terrorism. We are witnessing an acceleration of the tectonic shifts in global order and economy, a point of no return.
@Jay...777
@Jay...777 6 ай бұрын
All young developing economies prosper if they put up trade protection barriers around them. Incubate their industries so they grow strong. The west forced this happy situation on Russia with sanctions. This is because the west has no understanding of real economics.
@kobemop
@kobemop 6 ай бұрын
Russia is able to survive like that due to the vast amount of natural resources they have, they're literally the biggest country in the world lol. They also had their Soviet past and system they can fall back on.
@DbeeSapphire
@DbeeSapphire 6 ай бұрын
@@kobemop I agree, and the United States and Allies should have taken that into account. But another factor was western sanctioned countries can work together, which is why BRICS had begun and likely will be successful. Take Iran and Venezuela working together, or Russia and North Korea, or China working with basically everyone. At some point it might be G7 countries that will need to worry about sanctions on them. BRICS will create a monetary system that western countries, and especially the US can’t control. Eventually, the US will not have the funding to control through war the entire world.
@marianoviking
@marianoviking 6 ай бұрын
@@kobemop you right about the Soviet past,but not about the resources.Im from Argentina,8th biggest country in the world;we literaly have everything,literally,oil,gas,lithium,agricultural land,sea,etc.What we dont have that the Russians do?,INDUSTRY.And of course,im from a country with polititians that are slave scum to the US...they have Putin.
@drencrum
@drencrum 6 ай бұрын
The 1917 Russian Revolution stays the biggest coup for humanity against western imperialism to this day.
@Jay...777
@Jay...777 6 ай бұрын
Every Empire has ended with an over extended military & a mountain of debt.
@totalstrangerthing7419
@totalstrangerthing7419 6 ай бұрын
U.S. turn now
@anyq_CS
@anyq_CS 6 ай бұрын
​@@totalstrangerthing7419 even in decline they make even more enemies now. i dont understand it. why not make more friends with good diplomacy but instead they want more war war war. its retarded. the world need china, they have real economy. all tech companies cant even function without chinese semiconductors. apple, nvidia, amd, tesla all of these big boys rely on china heavily. bruhh who run america?
@rodgerasai
@rodgerasai 6 ай бұрын
Yes. We should allow our Leaders (here in the West) to forfeit their ill-gotten gains toward satisfaction of the debt.
@Jay...777
@Jay...777 6 ай бұрын
Force will be required. @@rodgerasai
@willengel2458
@willengel2458 6 ай бұрын
the Afghans already has a headstone made for the American Empire.
@Hitchhiker007
@Hitchhiker007 6 ай бұрын
153 countries were at the BRI meeting back in late 2023. So who's getting isolated? Asking for a friend 😅
@Raytracer96024
@Raytracer96024 6 ай бұрын
Letss goooo
@user-gr7ep6do8l
@user-gr7ep6do8l 4 ай бұрын
All these people is each other enemies
@nikunjdoshi1987
@nikunjdoshi1987 2 ай бұрын
@@user-gr7ep6do8lbut they all have a common enemy as well.
@debralegorreta1375
@debralegorreta1375 6 ай бұрын
May each BRICS grow stronger economically, militarily, morally, and culturally than the G7 combined.
@duppelfeinherb
@duppelfeinherb Ай бұрын
If they grow morally, western countries wouldn't mind.
@jmg8246
@jmg8246 Ай бұрын
G7 still on their colonial mindset.
@duppelfeinherb
@duppelfeinherb Ай бұрын
@@jmg8246 which colonies are you talking about?
@danielli9167
@danielli9167 6 ай бұрын
two main reasons why nations getting rid of $. 1. They do not want to be sanctioned or their asset confiscated by the US. 2. US keep printing the $ without any limit.
@liongjiahwong5478
@liongjiahwong5478 5 ай бұрын
Use 10 cents print US $100 bill. Use 40 cents. Vietnam and Indonesian workers work for US $400 for one month. Isn't amazing.
@anyone4501
@anyone4501 3 ай бұрын
They want to get rid of the theif.
@rodrigo_dmatoss
@rodrigo_dmatoss 6 ай бұрын
De-dollarization will benefit the entire world. It is madness to have a centralized financial architecture controlled by just one country. Only the US is not really interested because of all the privilegies they’ll lost.
@alamzebafridi4449
@alamzebafridi4449 6 ай бұрын
For centuries these masters of deceipt, depravity & avarice have exploited a vast swathe of humanity under some vile “model” or “rule-based (dis)order from acquiring a fair share of progress & prosperity… Kudos as always to Ben for his unrelenting efforts to wake us up & smell the coffee while there’s still time 👍👌👏👏👏
@paularnold1930
@paularnold1930 6 ай бұрын
More wisdom from Ben 👍
@affanamjadqureshi8372
@affanamjadqureshi8372 6 ай бұрын
excellent journalism
@jean-baptistejanssens9468
@jean-baptistejanssens9468 6 ай бұрын
Happy new year Ben.Thank you for your clear analysis.
@junkman888
@junkman888 6 ай бұрын
Great interview with Jerry! The west does not see the bigger picture of the world…
@GrandSolarEclipse
@GrandSolarEclipse 6 ай бұрын
There is nothing the West can do at this point to change the course of history. The rise and fall of empires is a natural cycle.
@davidnek8196
@davidnek8196 6 ай бұрын
Not just the Dollar but also government of the country that prints those Dollars.
@jacintochua6885
@jacintochua6885 6 ай бұрын
Argentina was a big mistake. Poor Argentinians.
@ronjonesprod
@ronjonesprod 6 ай бұрын
They voted for it. You reap what you sow 🤷🏾‍♂️🤦🏾‍♂️🤷🏾‍♂️
@enceladus4900
@enceladus4900 6 ай бұрын
​@@ronjonesprod mayb they send a request when they have a new government after pro-west milei
@arnoldnyanga2844
@arnoldnyanga2844 6 ай бұрын
The US influenced it as a part to slow down the development of BRICs. They are very good at infiltrating the information space in countries that are up and coming
@andrehunter1295
@andrehunter1295 5 ай бұрын
Of course they are, it's what US buisness are about. But it's difficult when majority of the globe turned their back to US and dollar. Choose BRICS alliance.
@draekalloy3673
@draekalloy3673 5 ай бұрын
​@@ronjonesprodTheir only sane candidate was arrested by a US backed plot.
@maestoso47
@maestoso47 6 ай бұрын
The US needs to lose power for its own sake.
@timjames9833
@timjames9833 6 ай бұрын
Hello from Australia, i am so glad i found this amazing young man, intelligent, EMPATHETIC and the polar opposite of that American supremacist fool Peter Zeihan, thanks for the interesting and accurate content and best wishes for the future of the channel, your green eyes are amazing LOL
@giftofgodstarnorth6363
@giftofgodstarnorth6363 6 ай бұрын
GREAT work Ben ‼️‼️‼️‼️‼️
@williamcampbell9335
@williamcampbell9335 6 ай бұрын
Can't wait to see the demolition of the $
@Raytracer96024
@Raytracer96024 6 ай бұрын
Dont call it USD...call it PetroDollar, CocaineCurrency, BloodMoney
@Seven.Heavenly.Sins.666
@Seven.Heavenly.Sins.666 6 ай бұрын
Ben, thank you for such a comforting video.
@rodgerasai
@rodgerasai 6 ай бұрын
When the Fed introduced artificially low rates (for the too Big to Flail institutions) it was committing what would be called "Gift Loans" if done by any other. Tax should be assessed and collected on the Imputed (uncollected) interest. That is, the difference between the market rate (for us little people) and what the Fed charged. Since the Loans were in the Trillion$ - this would actually result in a nearly break-even budget for a change (like the last couple years of the Clinton Administration).
@MILABRRA
@MILABRRA 6 ай бұрын
MY ABSOLUTE FAVORITE CURRENT AFFAIR CHANNEL
@kfelb8676
@kfelb8676 6 ай бұрын
Thanks so much Ben, you put together such a diverse range of information & made it easily comprehensible, it’s so vital to help understand what's occurring right now.
@mimosveta
@mimosveta 6 ай бұрын
I disagree about dominance of the dollar disappearing overnight, it's most definitely going to go overnight, as always with empires and trees, they fall in the same way, slow at first, and then all of the sudden, we have been in a slow stage on the onset of war in ukraine, now, we're in the mexican standoff stage, everyone knows what's going on, and no one wants to be the first to drop it, and no one wants to be the last to drop it, but everyone is itching to drop the dollar. I'm assuming that big players, such as brics, could do it right now, and everyone would follow overnight, but someone would be left holding the bags, and many smaller countries are abs not ready to switch of the dollar, so they keep holding in order to deminish the damage on such small countries that are lagging behind, or didn't realize in time that this thing is happening, and haven't even started to divest. they can't let these countries collapse completely with lamerica, cause they need everyone to do well for their business priority, everything is business with brics nations
@fannyalbi9040
@fannyalbi9040 6 ай бұрын
dollar dominance will not disappear overnight whether u agree or not. look at pound and yen as examples
@fittnessking4951
@fittnessking4951 6 ай бұрын
This going to have a global impact.
@alexstevens7023
@alexstevens7023 4 ай бұрын
​@@fannyalbi9040the difference now is that you can trade in your national currency your not restricted to US, Pound Sterling and other G7 countries currency
@Jay...777
@Jay...777 6 ай бұрын
Marx was born into the post French Revolution firmament, that promised an end to feudalism. A very exciting time. Capitalism was seen as a revolutionary force that would put an end to feudalism, get rid of the inefficiency of economic rent & therefore end quite naturally in socialism, where everyone gets a fair shake. It was a dismal life for many, as Dickens can attest, battles would have to be fought, but progress was being made & the direction was clear & set. Real gains were made in employment, education, housing, sanitation, etc. Then it all went wrong. “If we don't get socialism, we will get the barbarians” - Rosa Luxemburg assassinated 1919. The barbarians she was talking about, were the elites of Financial Capitalism that rule over our lives to this day. Marx meticulously dissected & brought together all the post-revolutionary economists work, the Classical economists, from Smith to Ricardo, etc, in a single critique called Capital. Capital vol 1 is all people read - production & the surplus. Vol 2 & 3 talk about financial capitalism, interest, economic rent, monopoly rent, unearned income, explaining exactly our situation in the west today. Neoliberalism is Financial Capitalism, a return to neo-feudalism, where bankers' & billionaires rule every aspect of our lives. They were trying to rid themselves of the landed aristocracy, that did nothing & took the surplus, that existed in their time. We must try to rid ourselves of the oligarchs of corporate power, the financial neo-aristocrats, that exist in our times. Or be enslaved once again. The post Great Depression, post WW2 blip in socialism was caused by the elite's fear of communism. The west is the best had to have some basis in reality. The Empire & rape of the colonies quietly added to the prosperity. FDR told the rich, either give up some of your wealth now, or risk a revolution & losing the lot later. That fear has now gone, organised resistance has been smashed & any pretence of a good life for the lower classes is no more. How did the industrial capitalism of Marx’s day, transform into the financial capitalism we have today? To make a complex understanding simple; the Robber Barons, Rockefeller, Carnegie, Harriman, Morgan, etc, were born in the 1830’s and grew their wealth through the efficiencies brought by industrial capitalism. Over time they became monopolies, dictating price & concentrating their wealth to immense proportion. Carnegie was considered the richest man in America, with mountains of money that earned him much more than making steel. Monopoly pricing, investments & interest, in short unearned income, became their main source of wealth, so they used their money to promote their interests. Starting in the 1890’s a new Neoclassical economics was promoted hard, because it sanitised their obscene wealth. It was really an anti-classical economics, with cancerous growth requirements, that was & is unsustainable - but that's another story. The new economics protected their wealth because it declared no difference between earned & unearned income. This was the essential difference. The Robber Barons became the Neo-aristocracy of their time, building institutions, foundations, corrupting government, anything that served their interests. Rockefeller founded Chicago University, where the Chicago School later gave rise to Milton Freedman’s iteration of Neoliberal economics & Monetary Theory. All complete garbage. This is how the transformation occurred, from an Industrial Capitalism that was on the road to socialism, to a Financial Capitalism that is on the road to Neo-Feudalism - a full circle, with their power now much enhanced by their ownership of digital technology, for the ultimate in mass control.
@user-em4kb3gm8g
@user-em4kb3gm8g 6 ай бұрын
Good, informative and well-written comment. Thanks.
@debralegorreta1375
@debralegorreta1375 6 ай бұрын
Not to disagree with your awesome post, I think there's a slightly different description based on Book 3 of Capital. In Book 3, Marx analyzed what was then known as the "tendency of the rate of profit to fall." I believe that is what we are witnessing, and in particular, what gave rise to Neoclassical Economics. Profits even in a monopoly eat up future profits, causing the rate of profit to fall. Financial capitalism thus raises from the need to find new profit centers. These necessarily become finance-based rather than industry-based. Nothing to do with appearances; everything to do with greed.
@alsetalokin88
@alsetalokin88 6 ай бұрын
you forgot to mention the rothschilds..and that marx was instructed to write das kapital to divvy up the geopolitical world for their manipulation and one world govt agenda.
@ronjonesprod
@ronjonesprod 6 ай бұрын
Wow, I love this comment. Very Informative for anyone who doesn't quite understand the origins/foundations and dire need for Socialism. ❤❤❤ You really took the time out of your day to type all this out, and I am extremely appreciative. Because I still feel most people don't understand Socialism. You're truly informing people and shining a light on these extremely important events in history and showing perspectives that grow more & more important & necessary in the present-day & the future. ❤⚒️🛠❤ -fellow Marxist Leninist (Revisionist)
@Jay...777
@Jay...777 6 ай бұрын
We are in the biggest over production capacity of all time - defined by Marx as the inability of people to afford what's produced. Hence the need to jack up prices to maintain profit growth - the main component of recent inflation. Interest forces the real economy to grow at unsustainable rates. Here’s a little puzzle... An ancient King of Egypt dies & all his wealth, gold etc, fits in a 1m box. Apply 4%pa interest to his wealth. How big is the box now? Bigger than our entire galaxy, by an order of magnitude, depending on which King you picked. This is the power of the exponential function, of which we have little understanding, interest being but one example. Its unsustainable. @@debralegorreta1375
@jonassilvapereira7045
@jonassilvapereira7045 6 ай бұрын
Thank you.
@timromayale3018
@timromayale3018 6 ай бұрын
Absolutely Right conversation Thanks for sharing
@jayjaywoodland
@jayjaywoodland 3 ай бұрын
nations are sick of imported inflation again and again, disrupting their economic growth... they demand to de-dollarize fast.
@aragonspace
@aragonspace 6 ай бұрын
When Lula visited, practically the United States said, - It's good to be rich, I don't need to do business with poor people, I already have my partners. While China says, - It's good to be rich, let's negotiate, come and be my partner, you'll like it!
@wenboni9768
@wenboni9768 6 ай бұрын
Hello Ben, welcome to China. I have been following your work for a while now and I have to say that you are a credit to the profession of journalist. I am very glad to have found out that you came to Beijing to get a PhD. I am also based in Beijing so would very much like to meet you face to face. Let me know if you are interested in meeting up for a friendly chat over a beer or something. Thank you.
@elcamaradaperez
@elcamaradaperez 6 ай бұрын
Excellent Journalism ❤!
@beelzebub3991
@beelzebub3991 6 ай бұрын
Thanks!
@Sep-jk3vi
@Sep-jk3vi 6 ай бұрын
De-dolarise! Send him rubles next time.
@mfsalatino
@mfsalatino 4 ай бұрын
@@Sep-jk3vi or bolivars
@boonhongchan1853
@boonhongchan1853 6 ай бұрын
Ben, soon EU countries will have to worry that even Euros are targeted??? Why not? Have they showed any Moral discipline lately???
@Decoy0527
@Decoy0527 5 ай бұрын
What if? What if BRICS informally approved a plan to encourage all emerging market counties to inform the IMF and the World Bank that they were going to completely stop both interest and principle payments until they received much more favorable terms. An individual country doing that is going to get crushed. 20 to 30 countries doing that together would likely work out well for those countries. Consider that action to be a reverse form of sanctions that have worked so well for Western governments.
@felipemoya9992
@felipemoya9992 Ай бұрын
Ben u are the best with real news!!!
@Zara-um1nx
@Zara-um1nx 6 ай бұрын
This is very true thank you so much ❤❤
@mixedtraveler3585
@mixedtraveler3585 6 ай бұрын
Plus the no1 supplier of platinum/coal which South Africa currently holds..untapped gold mines.diamonds beds. We welcome our Brics + partners to invest and explore South Africa.
@vincentseng
@vincentseng 6 ай бұрын
bruh China singlehandedly carried developing countries growth
@ronjonesprod
@ronjonesprod 6 ай бұрын
It's impressive what an organized population of 1.4 billion people can do. Especially when they're all Socialists.
@stuartdow
@stuartdow 6 ай бұрын
I aways value your reports ...thank you Ben ! and a happy de hedgemon ised new year !!!😊🌟
@syncmaster915n
@syncmaster915n 6 ай бұрын
Great report from Ben! Thanks!
@EqualityforAllHumansNow
@EqualityforAllHumansNow 6 ай бұрын
I love to see real journalism from your channel 🙏😊
@christinecoughlan4699
@christinecoughlan4699 6 ай бұрын
Thank you Ben .
@siamajidi2761
@siamajidi2761 6 ай бұрын
Thanks Ben ❤❤❤
@liz-sy2lj
@liz-sy2lj 6 ай бұрын
Please do a video on how to invest in BRICS and divest from Israel.
@aaabbb4843
@aaabbb4843 6 ай бұрын
شكرًا
@northstar1060
@northstar1060 6 ай бұрын
no one wants to dance with a pick pocket
@glynnismacpherson504
@glynnismacpherson504 6 ай бұрын
Thankyou Ben 🌿
@Shining237
@Shining237 6 ай бұрын
Great job Ben 👍🎯
@be4vr
@be4vr 6 ай бұрын
That dollar was an evil clever from the start, thinking he has no end?
@thchen8312
@thchen8312 6 ай бұрын
I love all your video. I learn a lot of real information from you and stay truth to power and knowledge. Thank you!😊
@longyou8254
@longyou8254 6 ай бұрын
Thx for sharing
@Shahidgg188
@Shahidgg188 6 ай бұрын
it is interesting to see when it will happening
@wasleyborges2016
@wasleyborges2016 6 ай бұрын
Brasil e China já estão realizando transações somente com moedas locais dos países - yuan e real. A empresa Eldorado Brasil realizou no dia 25 de agosto o embarque de celulose à China. Foram 43 contêineres direcionados ao país asiático. A transação foi finalizada, com a conversão direta de reminbi para real. O dinheiro ficou disponível no dia 29 de setembro
@samueldeoliveira7113
@samueldeoliveira7113 6 ай бұрын
Obrigado pelo conhecimento 🫡
@dylan-tv8vz
@dylan-tv8vz 3 ай бұрын
印尼今年前三个月以本币结算已经达到50亿美元了,他们正与东盟探讨更多以本币结算,船已经启航了,不可能在回头了
@peterroberts2952
@peterroberts2952 6 ай бұрын
Time to talk about the global majority.
@questionmore4675
@questionmore4675 6 ай бұрын
Dollar make and keep Many countries very poor and in a dept trap
@AresWing314
@AresWing314 6 ай бұрын
“GIVE me control of a nation's money supply, and I care not who makes its laws.” ~ Mayer Amschel Rothschild (Founder of the Rothschild banking dynasty) Same Strategy as US.
@faheemsher3079
@faheemsher3079 6 ай бұрын
Respect!
@tomzhangus
@tomzhangus 6 ай бұрын
That RMB pronunciation getting better and better.
@michaelsnmexico
@michaelsnmexico 6 ай бұрын
The last hurricane here in Mexico (Puerto Vallarta) the dollar died on the tree. Nobody wanted the DOLLAR !
@nealrcn
@nealrcn 25 күн бұрын
Here is why I do not worry. Finally producing more than enough oil Always had way to much food. Water will never run out. America
@randylplampin1326
@randylplampin1326 29 күн бұрын
The American public will eventually see a bunch of chickens at the doorstep saying, "We're back to roost!"
@Cyallaire
@Cyallaire 6 ай бұрын
*Odious debt* is a concept that allows the right off of debt incurred in countries thst are drowning in IMF/World Bank debt because they have suffered from US sponsored coups resulting in tyrants who then take out loans that only benefit the tyrant and the foreign investor class. This sort of thing has happened repeatedly. “Restructuring” which amounts to enforced poverty through austerity measures and repayment plans involve selling off national assets such as public infrastructure, natural resources as in timber and mineral wealth. And farm land. Further extortion is made in demanding US bases to be built on their land or permitting toxic waste to be dumped, or hijacking their agricultural land for export crops. Even withholding pay to school teachers or denying funds for health clinics and education to demand repayment. Then there are characters such as Paul Singer who buy up the debt for some small fraction of face value and then extort the full amount from austerity measures being imposed on his victims.
@Cyallaire
@Cyallaire 6 ай бұрын
There’s also the prospect of declaring “Jubilee” which could be made for all debt owed to the IMF and World Bank(both based in the U.S. and run for profit while pretending to facilitate development). Student loans could also be canceled with a jubilee.
@Userkzb20253
@Userkzb20253 6 ай бұрын
The real question is whether BRICS+ can be as stable as G7. G7 are rich countries and as politically stable as ducks in a row following the US. As for BRICS China and India are contesting for dominance, Brazil can oscillate back to the right after next election, as Argentina has vividly demonstrated so, a sharp turn around to the right. Of the BRICS+, 3 are democratic 7 are authoritarian. Ben, can do an analysis on how stable BRICS+ politically and economically it could be? I suspect brick+ is a dynamic entity that memberships come and go post election seasons. If so, how effective can BRICS+ be countering the push back from G7?
@larrysherk
@larrysherk 3 ай бұрын
It is a little hard to imagine why this is a question. The United States is all about exploitation and profits by any means. BRICS is about mutual trade for mutual satisfaction. Not much to compare here, except that the U. S. continues to display its suicidal tendencies.
@Sequence1994
@Sequence1994 6 ай бұрын
Please cover ICJ hearing
@jayhernandez7095
@jayhernandez7095 6 ай бұрын
Don't ever forget dear brother our strength relies on our people more than our resources, power, influence, etc. Together we stand all across the land.
@constantobjects
@constantobjects 6 ай бұрын
There are always winners and losers in geopolitical contests - but it is almost never a contest of competing VALUES. It is pretty much always a contest of technological, logistical, and cultural prowess. Nothing more. Power corrupts - but it also stabilizes. Cultural cohesion is any person's best bet for safety and security in their lives.
@imeldaiqbal1515
@imeldaiqbal1515 6 ай бұрын
Because they arogantly weaponize it 😢
@ZappyOh
@ZappyOh 6 ай бұрын
3rd world getting wise.
@adelmohamadali5911
@adelmohamadali5911 6 ай бұрын
Very good for asia.❤❤❤❤
@burakgozluklu
@burakgozluklu 6 ай бұрын
I have doubts about that. They will absolutely try. But its not that simple
@scoutjohnson1803
@scoutjohnson1803 6 ай бұрын
Why don’t you put out a video explaining how domestic banking works in our FIAT system? That is money is endogenously created. Then as the debt is paid off the money that is loaded it disappears. Then you can do one on MMT. Then one on international banking.
@krejados1
@krejados1 6 ай бұрын
Apropos of nothing... why the abrupt end? Is YT now editing videos? I've noticed this on a couple of channels I follow. Anyone else miss the "I'm Ben Nor-ton" signoff?
@PravdaSeed
@PravdaSeed 4 ай бұрын
❤🇨🇳🇷🇺❤ Ben you are The BEST 🥇💯 &C. Thanks
@realabhinavarya
@realabhinavarya 4 ай бұрын
Why should global south exhaust it's environment and natural Resource just to get a printed paper that worth nothing?
@600hemi8
@600hemi8 6 ай бұрын
The dollar is the us greatest weapon
@MsDarylM
@MsDarylM 6 ай бұрын
*was
@wong3150
@wong3150 6 ай бұрын
It will no longer be the US’ greatest weapon soon because a far superior BRICS weapon will replace it.
@liz-sy2lj
@liz-sy2lj 6 ай бұрын
I recently tried to invest in BRICS, and divest from Israel. I use Vanguard (I know they're evil but don't know who else to use without paying out the wazoo)...and anyway, they didn't have a way to divest from Israel--sucks. Investing in BRICS was sort of accomplished. Just letting y'all know that it is possible. If anyone has some insight into this, let me know.
@user-xe7sw2dh1f
@user-xe7sw2dh1f 6 ай бұрын
@FIFAProPlaysTV
@FIFAProPlaysTV 4 ай бұрын
The way you pronounce African countries makes me proud 🎉
@Goldenah
@Goldenah 6 ай бұрын
That wouldn't be hard, since software simulation with multiple worst-case scenarios could tell them what would make it feasible.
@ht3beartom330
@ht3beartom330 2 күн бұрын
It is high time that world currencies operate from a level playing field - one for one - this should apply to all currencies across the globe -why should the currencies of countries other than the "West" be of less value ? The way in which the currency value is set/decided upon ,is to keep them in debt. This currency dominance have to come to an end.
@UrbanOspreys
@UrbanOspreys 6 ай бұрын
I'm looking to move to an ethical bank that goes nowhere near the dollar.
@rizwandanishb-533
@rizwandanishb-533 6 ай бұрын
Kindly dear if you provide us all the data in a soft formate it will really help us in our exams too.
@petermartin4142
@petermartin4142 6 ай бұрын
Most of these countries will move away from the US dollar because the US won’t be trading with them either
@Espalha_lixo
@Espalha_lixo 6 ай бұрын
Nope
@wong3150
@wong3150 6 ай бұрын
Must as well - the world doesn’t need toxic US trade. We can survive without big bully USA - good riddance.
@victorchew151
@victorchew151 6 ай бұрын
Argentina need a new leader. Maybe Mr. Messi. At least he can kick. Current one waving dangerously a chainsaw. 😅😅😂😂🤥🤥
@view1st
@view1st 6 ай бұрын
Will the introduction of central bank digital currencies in any way mitigate any great depression that may be coming or allow the USA to somehow wiggle its way out of disaster, as by creating a dollar area in the EU/Latin America similar to the sterling area that Britain created in the interwar years and persuading other countries to keep on using the dollar?
@fannyalbi9040
@fannyalbi9040 6 ай бұрын
digitised a currency doesn’t give you the privilege to get away of the value of currency. digital currency to reduce or stop possible money laundering
@alanyosores5642
@alanyosores5642 6 ай бұрын
​@@fannyalbi9040tax invaders also..
@fannyalbi9040
@fannyalbi9040 6 ай бұрын
@@alanyosores5642 ya i miss that out
@GrandSolarEclipse
@GrandSolarEclipse 6 ай бұрын
What is coming is worse than depression. Prepare for population collapse and civil unrest
@rizwandanishb-533
@rizwandanishb-533 6 ай бұрын
Please how can we find out this data in a soft form
@picandvideo
@picandvideo 6 ай бұрын
Why? Very simple. Cut the middleman cut cost.
@RakeFlier
@RakeFlier 6 ай бұрын
I heard “US current sea” and thought, what do you mean, we’re everywhere now!
@trout1187
@trout1187 6 ай бұрын
Their just a cancer
@wong3150
@wong3150 6 ай бұрын
I like your play on words.
@vanderleibraga4225
@vanderleibraga4225 6 ай бұрын
Brasil quadruplica reservas em yuan chinês. 🇧🇷
@AndrewLambert-wi8et
@AndrewLambert-wi8et 29 күн бұрын
NO COUNTRY WANTS TO DROP THE DOLLAR AND EURO.
@silversurfergw
@silversurfergw 6 ай бұрын
Americans must be puzzled why people would want to avoid the dollar if they can. 😂😂
@DiemCarpe503
@DiemCarpe503 6 ай бұрын
🎉🎉🎉
@simonbarrett9568
@simonbarrett9568 6 ай бұрын
Can you do samethink on the milkshake theory please you all way get people talking about this but if BRICS has a new currency how does this work just wandering please thank you
@saviofrancisfernandes413
@saviofrancisfernandes413 6 ай бұрын
Will the US not respond appropriately to save the dollar as they have done in the past using their economic and military might ?
@claudiobertadeazevedo4669
@claudiobertadeazevedo4669 6 ай бұрын
first we need to know who runs USA and see if they are the same people morally at least, second, after the destruction of IRAQ with the fake narrative tied to 9/11 the rest of the world started to wake up, and realised UN council does not exist, it's a fake organization useless, unless to vaccinate defenceless children that should be defended at least by USA. Once USA lost it's moral status around the planet as Clark Kent or Batman, the support to maintain dollar as the world currency is liked to fade away
@dhttube
@dhttube 6 ай бұрын
@@claudiobertadeazevedo4669 Do you want to know who the elites are? Who actually dominate and run the USA, and by extension the entire world? Pam Ho - War of the Worlds The New Class. Google it. It explains everything.
@Wandering_Owl
@Wandering_Owl 6 ай бұрын
That's what they're doing and we can't say it's working
@nizammazlan8613
@nizammazlan8613 6 ай бұрын
The last time someone made an announcement to de-dollarised were Saddam Hussein, Gaddafi. Both are dead. Their country ruined. So, will US go to war with China, Russia and all BRICS nations? Just try it then.
@billymcdonald1870
@billymcdonald1870 5 ай бұрын
Brics is so powerful they could all buy a single banana split it and call themselves super rich.
@valerianodamasenjr.474
@valerianodamasenjr.474 Ай бұрын
Wouldn't exchange currency be a problem?
@cynthiagrahamward5690
@cynthiagrahamward5690 6 ай бұрын
Ben what about Dinars Iraqi dollars
@yobop6072
@yobop6072 6 ай бұрын
....wonder if this will be apart of a geo political finance course?😅
@lealyan
@lealyan 6 ай бұрын
👍🏼
@jaydoe5654
@jaydoe5654 6 ай бұрын
How does the first chart show inequality is getting better over time? It shows the gap is widening with China. Does that not represent less equality?
@zasterheffor
@zasterheffor 6 ай бұрын
The chart forecasts marginal upward economic growth without China, and significant growth with China. It creates the illusion that the individual citizen of Western colonial-debtor economies have *more* purchasing power. Their purchasing hasn't seen much growth, and the level of inequality between their economy and those of poor countries remains fixed in perpetuity.
@jaydoe5654
@jaydoe5654 6 ай бұрын
@@zasterheffor Thanks for the reply. I agree, to me it looks like the inequality gap is consistent. Ben says "when you add China to that gap, you can see that, it looks like inequality is getting better over time" ... The gap is widening with China added; How does that show the inequality gap is "getting better"? Genuine question. Ben has me confused here. Maybe its just his use of the word "better"? .. Im not sure...
@zasterheffor
@zasterheffor 6 ай бұрын
It's more to do with his phrasing. Growth in purchasing power in developing economies translates to less inequality there, but greater comparative inequality between economies. @@jaydoe5654
@johanopperman1949
@johanopperman1949 5 ай бұрын
Let they do it see what is go andhappend with bricks
Why The U.S. Won’t Pay Down Its Debt
11:28
CNBC
Рет қаралды 1,3 МЛН
New model rc bird unboxing and testing
00:10
Ruhul Shorts
Рет қаралды 24 МЛН
Playing hide and seek with my dog 🐶
00:25
Zach King
Рет қаралды 33 МЛН
Where Actually is the "Global South"?
11:19
TLDR News Global
Рет қаралды 143 М.
Why the Southern Hemisphere is Poorer
20:33
Wendover Productions
Рет қаралды 1,3 МЛН
Why is the dollar so powerful? | CNBC Explains
7:39
CNBC International
Рет қаралды 1,2 МЛН
China & Russia help Global South develop & resist Western imperialism: Nicaragua explains
29:34