Could a BRICS Currency Really Replace the US Dollar?
Could a BRICS Currency Really Replace the US Dollar?
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Trump has threatened BRICS countries with tariffs unless they agreed to not create a new alternative currency to compete with the dollar. So in this video we’ll take a look at why BRICS doesn’t like the dollar and whether it’s actually under threat.
📰 Too Long:…
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Yes
Yes, they will😮😮😮😮and Trump will get on the floor.
I think BRICS can do it. The white Western world is so arrogant it never believes until it's in their face. Then it will either be the West way or WW3.
I thought Brics were aiming for de-dollarization, As in trading in their own currencies.
Rather than replacing it with a new reserve currency?
The American debt are skyrocketing and Trump will make it worse. There is a speculation Fort Knox is running out of gold. Every once in a while , the American government has to vote for a debt ceiling and risk of a government shutdown is a frequent event. China and Japan or maybe other countries are dumping US treasury bills. The popularity of US treasury bills are not exactly skyrocketing. No matter the difference, I’m sure BRICS will come up with something. Especially when Trump is in power. He is ticking off America’s allies. Canada and Mexico are feeling it, too. The free trade agreement between the 3 nations are in jeopardy if not already being broken with Trump already passed tariff on goods from China, Canada and Mexico. Every action Trump makes is like shooting himself on the foot.
All Brics need, is someone to stand up and unite the brics nations.
Who knew that man would be Trump.
If the rest of the world builds another sandbox and does not invite "Trump"??? Who will he play with then?
Yes hope Mexico join lets f n go time to make our countrys better no more will ppl let the usa suck them dry and not help them and also bully them
Yes of course … tariffs just create higher prices and inflation to US economy who are the largest consumers of everything and picky consumers … economies are based on consumerism … over consumerism which is the US is unhealthy physically and environmentally
We are a week into Trump's presidency and i feel why it's important to try atleast in having another currency, this time a lot of American Allies would agree as well ..
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Yeah and GOLD STANDARD WILL DESTROY BRICS..
BRICS are not trying to replace dollar for another currency, but trying to implement a system that uses local currencies instead.
This man is a coward African leaders are worst African enemie listen to this coward speaking speaking want to keep African the same condition this man is a coward
The entitlement and delusion 😅
6:18 by far, the most powerful statement in this report; trump himself is the biggest threat to the dollar.
The dllar is about 35 trillion dollars in debt from money printing.How can a coutry that far in massive debt be the World Reserve Currency.lt makes no sense.🤑🤑🤑🤑🤑🤑🤑🤑🤪👹
TLDR, what does it strand for?
Never wise to bet against the USA 😊
So the USA modernizes the rest of the world and in return these anti USA nations who are living off the invention's of mostly American plus Western technology decided now to treat the USA like 💩 in return?
Why don't we like it? Because every time a CEO in USA decides to bankrupt multimillion-dollar companies in exchange for a bonus of U$ 400 million a year, it is our people who are left without jobs and in need. Because the USA simply flood the world with dollars and we pay for the inflation that they created.
They have the power to do so anytime they wants to,because they are the dominant block of the world now
BRICS BRICS BRICS 2024
The US dollar is like Toyota. They are a dying idea, they just dont know it yet.
BRICS! let me help you ( investors ) united state have all your currency around the world, lets see if i was president i would buy all of Brics currency which i will, three and a half years before i live office, i will call all of brics currency (CREDITS ) and look at you fold. economically brick bank will not meet the cost of this, Bics then because Thailand, Dominican Republic and so on
Bitcoin.. Ripple.. Is.. Currency.. Safety… BRICS
36 trillion dollars in debt ,yes the dollar will be destroyed one way or another.
Only President Xi Jinping can shut the mouth of that scoundrel Trump.
Only President Xi Jinping can shut the mouth of that scoundrel Trump.
Once again, American arrogance is the greatest threat to American hegemony.
“The Roman Empire was not murdered and nor did it die a natural death; it accidentally committed suicide.” —Dr. Guy Halsall
The BRICS havegone on a gold standard to back thier money.America ,32 trillion dollars indebt has no gold backing.Which system do You prefer?
What a joke…. beyond stupid….
BRICS is merely a "regional " trading alliance for members paying each other in their own currencies; with no impact to date on the World economy. The only significant co-founder of BRICS is CHINA $19 T GDP. The other co-founder is RUSSIA with only $2 T GDP and the Rubal at an all time low due to War and sluggish oil prices. The rest of the BRICS countries still have insignificant GDP after many years. All BRICS members nonetheless continue to use the USD$.
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The USD$ remains the prefered World currency, soon to back CRYPTO due to President TRUMP taking power, and a firm supporter of CRYPTO; and TRUMP's intention to make US the dominant BITCOIN miner, and Generative AI driver, by easing regulations to build DATA Centers next to new and existing NUCLEAR PLANTS to serve BITCOIN MINING and Generative AI high consumption of electricity.
GDP World dominance, US $29 T + EU $19 T = $48 T GDP. + the rest of the countries of the World that prefer the USD$ dollar over BRICS.