Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.
@JenniferDrawbridge
Жыл бұрын
All big corps are just a cohort of centralized system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.
@SophiaChristian-so2of
Жыл бұрын
Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $280k in the last 14 months by investing through my FA.
@MarkFreeman-xi3rk
Жыл бұрын
@@SophiaChristian-so2of How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
@SophiaChristian-so2of
Жыл бұрын
I personally work with Margaret Johnson Arndt she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@cythiahan8455
Жыл бұрын
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted Margaret’s full name into my browser, and her website came up first in search results.
@cherubimcherubim9515
Жыл бұрын
It's about time someone put an end to imperial america dominance. Soon everyone will used BRICS currency which is back by gold, oil, minerals etc. Us dollars is back by printing machines.
@최현국-t6l
Жыл бұрын
支持你。是时候结束可恶的美国和西方时代了😂😂 加油 👍👍
@solomonngubeni3667
Жыл бұрын
Lead brics lead🇿🇦🇿🇦
@jonye7511
Жыл бұрын
The country with the failing economy that can't keep their electricity supply going. 😂😂😂
@NinoValendez-kf7og
Жыл бұрын
Is it dark in south Africa right now?
@jonye7511
Жыл бұрын
@@NinoValendez-kf7og Very dark and cold but we are rewarded with no power outages if we lower our usage. Then outages resume a fews hours later because of breakdowns 😖
@NinoValendez-kf7og
Жыл бұрын
@@jonye7511 and thats the nation that wants to challenge the West?
@jonye7511
Жыл бұрын
@@NinoValendez-kf7og They are so indebted to the 2 big dictators in BRICS, they will go along with everything. Without their financial aid, their political party is finished. So they're really in survival mode.
@johnnelson3988
Жыл бұрын
Convincing other countries to trade in yuan is extremely unlikely.
@vemaraju
Жыл бұрын
I agree, considering USA will most likely invade and deliver freedom to such countries.
@RosscoAW
Жыл бұрын
China doesn't want that either. Have you literally ever heard any Chinese politician ever say that, literally ever? No. You've heard dumbass Americans say dumb stuff to you. The BRICS block is interested in, as a first option, denominating bilateral trade in their own respective currencies -- but more importantly, and as a preferable option, adopting a new currency that is denominated in a basket of goods (presumably a basket of goods that the BRICS bloc has a sizeable economic output of) for multilateral trade that can facilitate an increase in inter-state commerce between these nations. The last thing China wants is loss of control of it's domestic currency, so any use of renmimbi for bilateral trade is functionally a short-stop whose primary goal is simply to accelerate the rate at which the Global South can afford to reorient away from the West and toward China, and why China is only doing so with partners that are substantially economically inferior to it (but who have growth potential that the Chinese investments can profit off of mid to long term). The goal is new common currency for international trade among developing members of the global south, which is used primarily for international trade. TL;DR: Power structures are what matters most. For the time being, China is benefiting from America pantsing itself and humiliating itself in front of the world continuously for the past ~2 decades, especially since Trump. Everybody is willing to start reorienting trade relationships. The consequences will be borne out over a 30 year period, particularly if the reality of questioning America's supremacy continues unabated, which it almost certainly will, because America stopped being a real country and became a handful of corporations in a trench coat in the 70s-80s.
@ĐoànĐạiDương-f1n
Жыл бұрын
China doesn't need to convince anybody when China became number one in the world!
@ensteffo
Жыл бұрын
Its already being used in that way so your comment is like saying airplanes is unlikely to fly after the Wright brothers have already landed.
@thethreespikes9737
Жыл бұрын
India wont let China dominate BRICS. So Yuan is out of the question. They are working on creating a global curruncy together without one country dominating it.
@eod1675
Жыл бұрын
I have no issue with arresting Putin, assuming we also arrest Bush, Blair, Obama, Kissinger etc…
@andyzagray7962
Жыл бұрын
Who's the guy peaking threw the flags on the thumbnail hilarious 😂
@arifulislamleeton
9 ай бұрын
Hi I'm Ariful Islam leeton im software engineer and members of the international organization and investors public and private Sector and students Harvard Business School
@scottarmstrong11
10 ай бұрын
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities.
@emiliabucks33
10 ай бұрын
Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for everyone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions
@Johnlarry12
10 ай бұрын
However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subject to numerous economic, political, and logistical considerations.
@suzannehenderson5
10 ай бұрын
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
@MarkGrimm8
10 ай бұрын
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@suzannehenderson5
10 ай бұрын
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Catherine Morrison Evans is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@Raymondjohn2
Жыл бұрын
BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.
@hermanramos7092
Жыл бұрын
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions.
@martingiavarini
Жыл бұрын
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with Catherine Morrison Evans, a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $820K.
@bob.weaver72
Жыл бұрын
@@martingiavarini How can i reach her, because I’m seeking for a more effective investment approach on my saving.
@martingiavarini
Жыл бұрын
Catherine Morrison Evans ’’ maintains an online presence. just make a simple search for her name online.
@bob.weaver72
Жыл бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..This information is really helpful.
@Sheil-hard
Жыл бұрын
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
@lipglosskitten2610
Жыл бұрын
These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.
@hermanramos7092
Жыл бұрын
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.
@martingiavarini
Жыл бұрын
@@hermanramos7092 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?
@hermanramos7092
Жыл бұрын
@@martingiavarini my advisor is ‘’Catherine Morrison Evans ’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@martingiavarini
Жыл бұрын
@@hermanramos7092 I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
@Didmasela
Жыл бұрын
I still wonder why the western narrative is all about the BRICS as a challenge to the US dominance. The BRICS countries also want to develop using their own model and characteristics, and withiout bullying by the USA(sanctions, regime changes, etc, etc).
@kinddave27
Жыл бұрын
I am for bics. A Russia would lose it mind. Then America can stop paying bics and partner ship. Which is sad to the immigration rush going on.
@ruvilakazi4237
Жыл бұрын
@@kinddave27 what is "bics"?
@kinddave27
Жыл бұрын
@@ruvilakazi4237 it was brics. But since the south Africa lady said they would arrest Putin if he join the bric legend of doom. So I guess it would be bics like the lighter you use hey in America
@chilesauce7248
Жыл бұрын
You are so misinformed
@amakoz
Жыл бұрын
bullying ??? Tell that to the graves of mothers and children who died in ukraine ,i hope your family never knows such sorrow, the world is not a good place and needs someone to keep the order or there is chaos, if not chaos then china ,russia would fillmthe void and those countries have no respect for human rights
@dxd42
Жыл бұрын
SIMPLE .. As a Brazilian, I see G7 as a small group that works HEAVILY to benefit themselves... Why we should not create our OWN cooperation?
@SibusisoMaseko1
Жыл бұрын
It would be interesting, but Putin should also stop his war on Ukraine, it's more he is looking for an alternative way to make money and continue his war.
@ghosthdel3098
Жыл бұрын
Because The Great USA, The Great Britain, La Grande Francaise and the 3rd Re1ch are our masters. Those countries are the creators and supporters of the world wars they have abundance of propagandas and experience in killings so you better serve!
@gigler1990
Жыл бұрын
Who’s stopping you?
@mandarinandthetenrings2201
Жыл бұрын
Because you depend on the G7 heavily for everything from the planes you fly to the cars you drive to the ships you sail. Please remember you cannot have a smart phone even the internet with BRICS. They don't have the technology to make it themselves you must rely on the G7 for all of that .
@mandarinandthetenrings2201
Жыл бұрын
A lot your technology and engineering for water, and water treatment plants are all G7 technologies. A lot of your big and advance mining equipment is from the G7. A lot your oil rigs off the coast in the sea is all come from America or Europe. Most vaccines and medical equipment all come from the G7.
@juhantoon6524
Жыл бұрын
Why I keep hearing news medias especially those from Anglo Saxon continue to describe moves by some countries trying to go their own way to do business or to cooperate among each other is termed as "Challenge".
@VT01
Жыл бұрын
It's an imperial mindset, the assumption being that everyone's resources must be managed with some level of West input or direction
@LSmoney215
Жыл бұрын
Yall must a pea for brain
@jacobjorgensen9922
Жыл бұрын
The journalists refers to the brics statements and their brics own words about challenge are just repeated! Actually its not a big story in western medias at all. Most just see it as the same Dictators trying to fool their own people and give them fake hope so they dont riot about living in failed states with no freedom and no chance of improving their own lives...
@ecoideazventures6417
Жыл бұрын
BTW, Al Jazeera is not your typical anglo-saxon media, so it is just that any media loves one against the other so that they attract a larger audience
@shanjanusman9974
Жыл бұрын
I hope The USA, UK and EU27 face the music for their war crimes in Iraq, Syria and Libya.😊
@Jouantiese
Жыл бұрын
The real war criminals in all those situation are Arabs, like the genocidal Assad.
@jacobjorgensen9922
Жыл бұрын
All war crimes should be punished - so true! How do you feel about Russia invading Ukraine?
@mohammadismailalam3245
Жыл бұрын
@@jacobjorgensen9922 don't feel anything not my problem Ukraine could handle this problem through diplomacy after many warnings from Russia they neglected the warnings become pro west which is threat to Russia just like America donot want Cuba to be pro ussr in the past.
@lonemaus562
Жыл бұрын
@@mohammadismailalam3245 exactly you support a Russian invasion and want Ukraine to just give up lol pathetic.. you see countries that ally with the west get help.. countries like Iraq Syria and Libya are stupid and get bombed instead for being stupid
@jonye7511
Жыл бұрын
@@mohammadismailalam3245Don't care about third world problems. They're self-inflicted and never end. Always blaming the First World and never running to BRICS countries as refugees.
@vineshnaidoo9402
Жыл бұрын
We are the future BRICS+
@vineshnaidoo9402
Жыл бұрын
Putin is safe in RSA
@shewagdhanush1391
Жыл бұрын
@@senantiasa NATO+ = LGBTQ+
@thelonegerman2314
Жыл бұрын
Under No Circumstances Should Any Former Colonial Countries be Allowed to Join BRICS, This Goes for Most European Countries, Especially Germany ,Brittan, Belgium, Dutch Speaking Countries, Portugal Spain ,and Especially the United States
@GaryWinstonBrown
Жыл бұрын
A financial professional you work with could really prepare you for life. I'm glad I was able to get in touch with my coach Gregory Thomas Patchak' earlier this year because I was actively cashing out from my portfolio and finally earned over 370k just in the first quarter while everyone else was complaining about the downturn.Gregory Thomas Patchak helped pay down our debt and save up for retirement.
@AnnaKrueger809
Жыл бұрын
I found his extraordinary resume when I searched for his name on Google. I count it a gift that I went over this remark
@Bradleyschaeffer376
Жыл бұрын
I've profited greatly from my investment. The quantity of money you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more money. Thanks to Gregory Thomas Patchak...
@bouber6598
Жыл бұрын
Expert panels, balanced perspective, unlike the one-sided view in CNN, BBC, DW...
@africantraveller8303
Жыл бұрын
true
@bartsimpson1161
Жыл бұрын
DW and CNN are particularly bad now.
@gigler1990
Жыл бұрын
Lame
@Groggybandito
Жыл бұрын
Like what? South Africa is literally on the cusp of becoming a failed state, Brazil is right next to massive country on the verge of financial collapse, China and its massive debt problem, or Russia not even being the most powerful military inside Russia, a run down gas station with maybe working nukes, good luck, just saying.
@manishgrg639
Жыл бұрын
@@bartsimpson1161 DW being funded by German gov is run by usa
@MH-pz8wf
Жыл бұрын
It's time for them to stick together and do more business their own way and methods.
@trucdan
Жыл бұрын
Good Luck
@rmf9567
Жыл бұрын
Good luck it’ll never happen
@gabrielcorrea7914
Жыл бұрын
@@rmf9567we are watching the roman empire falling
@faa9261
Жыл бұрын
Tired of white people running everything. The jig is up🎉
@MH-pz8wf
Жыл бұрын
@@rmf9567 I just like to see the outcome
@Hアッシュ
Жыл бұрын
BRICSは経済が成長するように頑張ってください。
@keyboardmanyoutube3189
Жыл бұрын
It would be good for all countries
@maurobunga1999
Жыл бұрын
@Starhawk Flying Bright a inteligencia dos japoneses deve despertar, o mudo é grande demais. Africa é um mercado promissor.
@Hアッシュ
Жыл бұрын
@starhawkflyingbright6905 Which master? Japan is weak, so we can't raise our head to many countries. Could be any country that fits in. lol
@Hアッシュ
Жыл бұрын
@starhawkflyingbright6905 長すぎてダメ。日本語に翻訳してから書いてください。 Too long and no good. Could you Please translate it into Japanese before writing. thank you
@musamkalamu882
Жыл бұрын
The initiative is great more especially for we the Africans.
@sunnyyande378
Жыл бұрын
@Musa M Kalamu, how could you explain?
@faa9261
Жыл бұрын
@@sunnyyande378 it will give Africa more wiggle room to go after their self interests. They can use their minerals to back their currencies and they can trade more with themselves and other nations around the world. So many trade offs.
@sunnyyande378
Жыл бұрын
@@faa9261, but they can do that with the current framework if they want to with AfCFTA. I don't see how BRICS is going to do this. It is true that Africa needs to look inward, but the current crop of leaders we have cannot do it. Let's be honest with ourself.
@dumisaninxumalo7574
Жыл бұрын
Ofcourse because you will go back to the bush to hunt these criminals will loot and rape .
@futumukafulangenge9863
Жыл бұрын
We Africans now have a worse problem my brother, our resources are now being stripped by a worse, cruel force, China. At least the west paid fair price and invested for us to employ local people. The Chinese don't pay fair prices, they bribe our politicians and smuggle our raw materials which does not our countries. They bring in their own labour from China, they don't employ local people. In short, the slavery we experienced in the 18th century, it's back now in the form of the Chinese. And we are applauding just because we want to spite the west whilst still gaining nothing. All the infrastructure the Chinese are building for us, they demanding our governments sign over mineral rights as collateral to these loans they are funding the infrastructure development. Our corrupt governments are mortgaging our children's future. Why do we as Africans need other countries (the west and the east) to come to us to validate our existence. Everyone wants our resources. The Chinese are worse slave drivers. There is nothing to be gained from joining these people.
@ANOYBHOWMIK
Жыл бұрын
I'm laughing to think that which boot Japan is gonna lick when their boss collapes😂
@eliso5973
Жыл бұрын
No one is challenging US dominance, we just need options. BRICS is a new option for us.
@jacobjorgensen9922
Жыл бұрын
You mean 14 year old option! I salute anything that can bring prosperity and peace to africa and the world... But this will not remove corrupt dictators or much more peace. But lets hope for some changes
@NiniBonita
Жыл бұрын
@@jacobjorgensen992214 yrs options is way better than 500 years of slavery, oppression, sanctions, destabilization, wars, puppet leaders and everything evil & demonic etc 💅🏽
@rubensdionisio5989
Жыл бұрын
@@jacobjorgensen9922 usa neither, dear. Actually, peacefull is something that we from the "thierd world"cannot associate with americans, if we anylise our experiences during all theses decades. Bye
@fabioaab
Жыл бұрын
Isn't give options the same as challenge us dominance?
@galemartin9155
Жыл бұрын
Competition is competition and the game is the game. The BRICS will not win this game by talking loud and being mad. They have to produce results. After 14 years the BRICS have produced nothing of any real value. If the leaders of the BRICS want to compete then they should compete and stop making dull speeches. If they are as good as they say they are then the West and America shouldn't stand a chance of competing against BRICS. Knuckle up buttercup because you won't get this crown for free.
@noneone3310
Жыл бұрын
headline should be: "could G7 sabotage BRICS's driving role in the global development?"
@benshephard5573
Жыл бұрын
That's a interesting post. Would you mind elaborating
@noneone3310
Жыл бұрын
@@benshephard5573 for example: according to open data, china's manufacturer base is bigger than US, EU and japan combined; china's contribution to global economy growth is more than G7 combined, etc. all for many years now. regard to real economy, not only the US, the collective west lost their dominance already to china long ago. the dominance they have left now, are on currency, main stream media, and over sea military bases. basically they can't build, but they can lie and destroy.
@thunderous-applause57
Жыл бұрын
@@noneone3310 US' only stronghold now is in culture (music, film, basically all of entertainment). Hope that changes soon.
@DarlyaFaroeste
Жыл бұрын
Worst Health Organization is already planning to release another deadly virus, they are hopefully planning to release it in a BRICS country😢
@faa9261
Жыл бұрын
@@thunderous-applause57 yeah and that culture Woolf to be nothing without African Americans
@edsondube2667
Жыл бұрын
I pray to see BRICS grow and taking charge of the world economy.I pray to see this world being a happy place to live in and being free economically
@Kwippy
Жыл бұрын
Russia India and China are forming a new axis of evil, Brazil and SA are getting caught up in this mess. Plus China and India are implacable enemies so no, things aren't likely to end well for BRICS
@rufanuf1
Жыл бұрын
Yes, something "The West" spent the last few hundred years trying to bring too the world. And you can clearly see all the thanks they get. The very idea of BRICS is born out of western innovations in trade and economics. Before the evil west brought the concepts of economics and trade to the world these countries were busy eating others citizens.😅
@sensi6457
Жыл бұрын
They can challenge for sure, but not right now. Putin has weakened BRICS 😂
@aminuaidara8601
Жыл бұрын
Remember what you're wishing for it also means war with evil Uncle Sam 😢😢😢😢😢
@SoYappy
Жыл бұрын
Your prayer is not answered. Your deity is busy with something else and you are just insignificant.
@theonly6359
Жыл бұрын
Best wishes to 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 and new new members( 🇸🇦🇹🇷🇮🇷 🇪🇬🇳🇬🇲🇾 etc) that seeks membership to BRICS ❤
@elsagelympne7943
Жыл бұрын
Not Malaysia, it's Indonesia that's seeking to join.
@rimondas6729
Жыл бұрын
@@elsagelympne7943 also Argentina
@gingergrantnews
Жыл бұрын
Muslim countries must not be allowed
@carlbuzz9087
Жыл бұрын
@@gingergrantnews We don't want Islamic countries in BRICS. Because BRICS have a reputation and brand.
@gilgameshur5366
Жыл бұрын
Kenya, Ghana, Venezuela, libya, marroco, Pakistan, South and north Korea, veitnam, and Japan, Iraq, Afghanistan, tajikistan, azerbaijan, Uzbekistan, khazikstan, Syria.
@JosephHoggang-bk4bk
Жыл бұрын
This should have been done decades ago. Any way, better late than never.
@jacobjorgensen9922
Жыл бұрын
Fun fact, Bric is founded 1 and a half decade ago and this is how far 14 years took them ;)
@ashraf8596
Жыл бұрын
A new BRICS currency is a future of world economy. Sanctions by US wouldn’t work any BRICS nation. Work unitedly and rule the world economy. Best wishes for BRICS
@Jouantiese
Жыл бұрын
Dream on. India and Brazil are democracies.
@dnuts1649
Жыл бұрын
That’s because your a moron
@julianbeatty2909
Жыл бұрын
And what currency would that be. China and India are basically at war, they will never agree to the same currency.
@lonemaus562
Жыл бұрын
Lmao nice joke 😂
@jonye7511
Жыл бұрын
Autocratic China with it's debt trap loans is grinning from ear to ear. Come here my dumb victims let me be your new master. 😂😂
@Paul.n.p
Жыл бұрын
BRICS is more than what the Western thinks it is. As an African, all I wish you are More success BRICS❤
@chilesauce7248
Жыл бұрын
Brics... broken, ridiculous, investment, clepocractic system. The countries in it, only 1 is decent and has a bright future, India.
@LSmoney215
Жыл бұрын
Can you elaborate and explain
@rajasnaik3743
Жыл бұрын
@@chilesauce7248And why do you think so?
@ahmadahmed214
Жыл бұрын
@chilesauce7248 India won't succeed without Africa, just like other countries. So what are you talking about? Everything that the world needs including India is in Africa.
@grdev3066
Жыл бұрын
@@chilesauce7248g7 broken, ridiculous, investment cleptocratic system. The countries in it... only 0 is decent and have the bright future " "
@wirza555
Жыл бұрын
China doesn't talk much about their projects (e.g. Saudi - Iran deal). But i hope the BRICS expansion & new currency happen 𝘴𝘰𝘰𝘯.
@AdelsonMiranda-sb5oc
Жыл бұрын
BRICS sempre avante e com espaço para crescer! Fron Brasil 🇧🇷
@evolvedanimeisland
Жыл бұрын
Thank you Shirley for checking that comparison about EU monetary union and BRICS common currency.
@geiser580
Жыл бұрын
Common currency is different to uniquely money, BRICS money will be a mechanism to avoid the need to use dollar in international transaction, which is common currency.
@jacobjorgensen9922
Жыл бұрын
To replace it with a need for something else :) Lovely logic! And that replacement might be more expensive and more unstable
@cf4689
Жыл бұрын
I went to Brazil last year to study the PIX system used in commercial and personal bank transactions using cellphones and bypassing fiat currency, checks, and credit cards with zero cost for either party. All done in less than two seconds. Four years ago, while in China, I saw places that only did financial transactions by using only cellphones - no credit card or cash was accepted. Things are changing with the use of Blockchain technology and already facilitating internal economic transactions in these countries. The way we do financial transactions today is fast changing, and new ways of doing business between countries is not a matter of "if," but a matter of when.
@logician3641
Жыл бұрын
@@cf4689 Then autonomous AI starts laughing at the stupid humans it is about to takeover.
@claudiocarrera9552
Жыл бұрын
@@cf4689 you sound stupid. No one will trust your fake currency
@warso-spt1
Жыл бұрын
@@logician3641Better than the Muricans taking all your fx reserves in dollars 😅😅😅
@t-somethingingodwetrust2867
Жыл бұрын
Brics is the best progressive movement since America was discovered
@knockknock1246
Жыл бұрын
I hate to tell you this but BRICS was a Goldman Sachs concept.
@violetlatner6366
Жыл бұрын
@@knockknock1246 Jim O'Neill, the economist you refer to, only coined the acronym BRIC to collectively describe the fastest-growing group of economies at the time. That was in 2001. BRICS, as in the actual organization, only held its first summit in 2009, when it was still called BRIC. So I hope you're not trying to imply that Goldman Sachs is somehow behind BRICS.
@knockknock1246
Жыл бұрын
@@violetlatner6366 Ah, and bitcoin is not vulnerable to complete oversee by the Deep State Satanic Marxists? 😂 I am for everyone having their own currency. It allows competition and economic betterment for all. Print and stay ugly is no way going. Look around. EVERYBODY is tired of the same "business" As an example. What happened to khaddafi when he planned o a currency gold backed and independent from the "cannot compete unless people" ? Another example. Totally compromised puppet to the Deep State Satanic Marxists Klaus Schwab tells the world he admires Chinese direction to total control of economy as something to look up to but China is sitting on HUGE inventory at Deep State directions and tutelage but AT PRESENT they are only 2% of reserves for global currency??? What type of books you reading? Alan Greenspan economics? 😂 debt ceiling. 😂 Double Talk, Double Standards, Double Dealing and Deep State Satanic Marxist Agenda University Degrees... Ukraine is another Holodomor genocide 6-7 million Ukrainians starved to death or executed by the Bolshevik government. What is your occupation?
@knockknock1246
Жыл бұрын
@@violetlatner6366 Violet...EVERYBODY knows....and it won't happen again.
@knockknock1246
Жыл бұрын
@@violetlatner6366 Your highlighted post ALSO looks like payola.
@dusanbakay5784
Жыл бұрын
Let's go Brics ❤❤❤❤
@vivafreedom4947
Жыл бұрын
*It will fail to get off the ground as as Lavorov, Putin & Xi die (most likely within the next 10 -15 years). The next generation of leader in developing nations won't hold the same grudges as their sad predecessors*
@hemanthkumar8435
Жыл бұрын
Let's go BRICS ❤️
@dusanbakay5784
Жыл бұрын
@@hemanthkumar8435 You Right ✅️ 👏 BRICS 👍
@vivafreedom4947
Жыл бұрын
@@hemanthkumar8435 *LET'S GO BRANDON!*
@vivafreedom4947
Жыл бұрын
*LET'S GO BRANDON!*
@joem0088
Жыл бұрын
Could ? BRICS countries, especially China, are already challenging US dominance in the global economy. Much of US China tension is really about that.
@IwasUnknownUser
Жыл бұрын
No, don't push my country to challenge any countries, we have no duty to challenge USA for you fking shith0le countries.
@IwasUnknownUser
Жыл бұрын
@alphabet sim let India to fight with USA to pave the way for the world, we Chinese is not interested with any conflicts not benefits us.
@leenasarkar7808
Жыл бұрын
@@IwasUnknownUserearlier u guys were about economic benefits..now it's all about geopolitical leverage for china ...hence India is growing faster than both usa and china by being neutral
@IwasUnknownUser
Жыл бұрын
@@leenasarkar7808 What economic benefits? Chinese work 10 hours per day, 6 days per week, why don't you people work like slaves and benefit other countries? What geo-political leverage? Let us know how a poor country like India grow faster? Your shith0le country even don't have toilet, and raping woman is normal, and religious conflicts are happening everyday, I just make it clear that if USA didn't opposes China, why should China challenge USA? India is not neutral and always want to use other countries as leverage, like India is not an important role within BRICS, but India behaves like you are the boss, how much money can India contribute to BRICS?
@NaseemUllah-hq4eg
Жыл бұрын
China is enough for ending us dominance, chief discourse they just fool their citizens and control capital plight hhh traded among Themis already started in yaun😅
@live-yo3qv
Жыл бұрын
Vivendo para ver os colonizados, os desprezados, os barrados nas fronteiras, mostrando seu poder diante dos imperialistas. Juntos somos mais fortes 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦
@504176547
Жыл бұрын
Should strategise the “Made in BRICS” concept and brand this with rich market share driver.. the profit proceedings should be on minimum % share basis at end of year.. can this ?
@Rathi002
Жыл бұрын
I think that would basically mean made in China. India is no longer using made in china goods
@504176547
Жыл бұрын
Because the shares will have a minimum distribution plan, the work-load will be distributed that should serve the entire BRICS countries and more nations..
@sensi6457
Жыл бұрын
They can challenge for sure, but not right now. Putin has weakened BRICS 😂
@Aziz__0
Жыл бұрын
The pandemic has shown us just how quickly decades of planning, investing and saving can be completely upended. This could mean your current financial plan might leave you without enough money to last your retirement. A recent Vanguard study found that, on average, a hypothetical $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less.
@MrGravity304
Жыл бұрын
In other words, an advisor-managed portfolio would average 8% annualised growth over a 25-year period, compared to 5% from a self-managed portfolio
@devereauxjnr
Жыл бұрын
@@MrGravity304 I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@freedomisEexpensive-08
Жыл бұрын
@@devereauxjnr I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@devereauxjnr
Жыл бұрын
@@freedomisEexpensive-08 The thing is that I really don't like making such recommendations. But there are many freelance wealth managers you could check out. I have been working with "NICOLE DESIREE SIMON" for about three years now, and she's made decent returns. If she meets your discretion, then you could go ahead.
@freedomisEexpensive-08
Жыл бұрын
@@devereauxjnr I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.
@0444gabi
Жыл бұрын
I have observed my local currency depreciates usually after new elections . The new government often attributes this to previous Government as if they take with them all the records .Now i have realised that the almighty dollar is the cause . A new trading currency would be much welcome to bring some stability to the economy. In a nut shell, my observation is that the US dollar is manipulating other currencies. and not in good faith.
@mikehawk4856
Жыл бұрын
As an American, I hope BRICS succeeds. I hate this evil dollar system.
@beshinerondozai4185
Жыл бұрын
Should we be worried about the BRICS is quite a loaded question. It implies that taking control of one's own economic affairs and becoming independent of the US global hegemony is somehow a bad thing.
@netopierro10
Жыл бұрын
considering BRICS countries grow in a much faster pace than the G7 countries and they have 50% of world population, there is absolutly no reason to not think it could not do good in future... even if not right now, imagine in 10 years...
@anthonyk423
Жыл бұрын
These growing countries depend far more on exports and they’re growing because of investments from far more established western countries. Take China for example……if the us and the west didn’t move nearly all of its manufacturing there you thing China would be where it is now.
@netopierro10
Жыл бұрын
@@anthonyk423 20 years ago and you would have a point, nowdays China produces everything on their own, cellphones, cars, anything.... they have more investiments in the western than the western in China...
@anthonyk423
Жыл бұрын
@@netopierro10 china produces those things for western customers and western companies. Since China depends so much on exports and a country like the US can over time just produce those same products somewhere else and do the same thing the did for China to another country. The Chinese government does have over a trillion in us bonds just means they need a safe place to put the money but China makes far more money from the us than the us makes from China. Also it’s far more money invested in China than they invest in the us. Those bonds are securities not an investment.
@netopierro10
Жыл бұрын
@@anthonyk423 China has 1.5 billion customers, their internal market is huge, they do produce a lot of things for the western, but you cant disregard their internal market. China was smart, they learned with the western companies who came to the country looking for the cheap labour work force and they now have their own companies for everything, they dont rely on western companies at all... China owns most of US debt securities, those are an investment cos they only exist because this money was spent investing in US, like in GM crisis in 2008, China kinda saved GM...
@anthonyk423
Жыл бұрын
@@netopierro10 China’s gdp per capita meaning how much the average person makes in a lil over $12,800 a year while the US is a lil over $80,000 a year over 6x higher and that’s just 1 western country. So China can make more money in the us alone than it could in China and China exports far more to the US and western countries than they do to China. US citizens and US companies own 70% of all US debt and China is i biggest debt holder OUTSIDE the US and the US government used tax payer money to bail out the big 3 car companies and they paid that back with interest. The US government doesn’t invest in the US economy they pump money into the economy during economic down turns. Also US debt is not really considered an investment it’s a way to secure large sums of money long term and widely considered a pretty sure thing as far as getting your money back and keeping it secure. China got smart and had an impressive run but now gonna ruin it because the CCP is more focused on power and control. Why is China so focused on reuniting Taiwan and other part they feel belong to them but not the huge piece of land that Russia took from them.
@srdjankovacevic5854
Жыл бұрын
Everyone knows that BRICS is a future but there is still few people in the world that cannot admit it yet
@gtaraya
Жыл бұрын
it would be an admission of loss of dominance
@petersumo5437
Жыл бұрын
Your need to stop following this trend lol! Yourself who write this message don't even believe in your money then the USD so you guys should stop following the news and stop dreaming of something that will never happen.
@Shut.
Жыл бұрын
😂😂😂😂 all corrupted leader who can't even look after they're family back home and they came to run this world. Stupid public will naver learn.
@petersumo5437
Жыл бұрын
@@Shut. Don't mind them! People are too quick to follow the news! I don't like the USA and all that but the USD is not going anywhere people should just accept that and let the massive live the life. China is no better! All they want out of this is to be world super power so pushing this currency to the moon and back by china is a game. Chinese themselves don't even believe in there own currency people talking about bric currency😂 come China and see them selling online everyday and see whether a Chinese boss can accept any other currency besides the dollar. Some can even refused euro just to tell you how they love the dollar! Let them bring bric and let see all these people out here with dedollarization if they gonna travel with bric currency or dollar. Funny people😫
@squidster3128
Жыл бұрын
Let them be. They'll be left behind.
@oklahoma1232
Жыл бұрын
The world has had a gut full of USA arrogance , falsehoods, Narrative & hegemony !👍👍👍👍👍👍👍👍
@1001Balance
Жыл бұрын
And yet you adore a big mac
@Arcy0429
Жыл бұрын
Go! Go BRICS! 👍
@hrdthr
Жыл бұрын
all countries are super power. not just US. keep moving forward BRICS
@MagicMike_101
Жыл бұрын
No
@SanatanDharmaOnly108
Жыл бұрын
@@MagicMike_101but you can't refuse their influence on world specially china, India, russia
@MagicMike_101
Жыл бұрын
@@SanatanDharmaOnly108 Oh, profile on the internet. I can't refuse, ohhh. Plz, BRICS, forgive me.
@supercitizen2021
Жыл бұрын
As an African, this is a great initiative. The BRICS alliance should be slow to admit new applicants who are sent to bring it down.
@kevincurrington1331
Жыл бұрын
Well I hope you live there & not in the west
@odinallfarther6038
Жыл бұрын
@@kevincurrington1331as a none African this is a great initiative .the bricks alliance should reject to admit any applicants who are intent on bringing it down from inside ! Where do you hope I live ?
@jackdonekings
Жыл бұрын
@kevincurrington1331 we tired of your exploitation imperialist rule. You racist scumbag the powers are shifting. Stay humble white guy.
@aao449
Жыл бұрын
@@kevincurrington1331 - Come and remove your anchor baby european migrants from Africa.
@trygd100
Жыл бұрын
McDonalds drive thru
@kumarj4693
Жыл бұрын
Anything that is breaking the Anglo Saxon hegemony is a threat to it. Asking the obvious, is somewhat irritating, if not intellectually dishonest of historical facts.
@LeratoM98
Жыл бұрын
Exactly. They are playing dumb.
@mdjx6838
Жыл бұрын
This is about unity, b/c they already have a bigger GDP. A pipe dream is something that well just a dream. The have a bigger and younger workforce, bigger markets, the most talent combined, most of the resources and a potential 1000x greater Wall street like exchange not backed by phony money and derivatives schemes, but real everyday used asset.
@breeks2116
Жыл бұрын
The US should be humbled in all departments
@TaataGeo
Жыл бұрын
By these broke countries that depend on US IP on almost every thing ???
@chilesauce7248
Жыл бұрын
Wow, you really are misinformed to hold that opinion
@tiemiahu9947
Жыл бұрын
BRICS; a platform for united peaceful economic growth and development...
@hermonogbamichael8599
Жыл бұрын
Interesting. Brics will promote multilateralism and equality amongst sovereign nations. It seems we are moving towards non dependency on Western nations
@MariaMagdalenaIbrahim
9 ай бұрын
BRICS ❤❤❤ YEEEESSS💪💪💪 Mereka mencintai muslim Palestina. I LOVE Brics❤❤ AKU BERDOA SEMOGA NEGARA YANG MEMBANTU MUSLIM PALESTINA MENJADI PENGUASA DUNIA. AMEEN.. YES YES 🤗🤗🤗
@elcanaldeservin1209
Жыл бұрын
Thank you very much for such reliable information, it fills me with joy to see how the true political leaders who love their population and seek commercial freedom meet to achieve coexistence and harmony that leads to unity.
@chilesauce7248
Жыл бұрын
You have been conned, xi, putin, lula do not care about their people only their agendas.
@JohnDoe-gf5he
Жыл бұрын
You think political leaders actually care about their citizens. Cute.
@kmakiable
Жыл бұрын
Beautiful discussion. Thanks guys
@misterhill5598
Жыл бұрын
Will USA be a challange to BRICS? Yes BRICS is an alternative to weatern hegemony, not a direct replacement.
@Dune986
Жыл бұрын
The answer to the title question is an absolute "NO" because of the forever playing all sides India.
@agnescraig2912
Жыл бұрын
Live in the West but was born in India. Shamelessly the Indians migrate West NOT to Russia or China but sitting on the fence and having their tentacles everywhere
@maryannmsebastian3128
Жыл бұрын
Beautiful video New to all country people pangmahala pangloob puso mundo nabuhay noong magandag loveth everyone mundo panginoon for Diyos always have holy tanawin palayan magsasaka ilog Tubig water regulating umaagos together preventing namumuhay matatag buong lahi maginhawang nanginginig tnwing for lilimiin isip nagugulo nanginginig buo Kong pagkakatao gawa malilitaw inyong kundi aking mata kahahahagan masasabi loob Gas oli milk flowers though 🙏🕌❤️ look work food house isda egg Papaya Ampalaya 🍆 eggplant Atis mani garlic Langka 🥑 avocado pipino LemoTree calamansi ubas Ampalaya 🥔 potatoes 🥥 Coconut 🍌 banana 🐄 Cows 🐎 horse 🐘 Elephant 🦆 duck 🐐 Goat 🐕 dog 🐒 monkey 🐈 Cat paro-paro 🦉 Owl
@geraldmantel4955
9 ай бұрын
Hopefully (for mankind's sake) they will find success.
@Rina-wv4ek
Жыл бұрын
Been a Long time coming, Thank you.
@MicheeNzamununu
Жыл бұрын
Economically speaking, people only care about their own interests which is not generally good.
@usmanmani2618
Жыл бұрын
Roman Catholic bazyntine empie Kevin Macedonia🇲🇰 mycenia empire neman vinca syrina elam Assyrian new kingdom ottoman augustus airlines airline justine costantine hadrian tarjan Basil phillip the arab titus maximan king Eric alphonso Edward Charles Henry Louis💶 zeus Apollo Chinese empie qin shi huang Jimmu koan shang song tufan zhou Chan han yan qung liang empie Khilafat Rashida Abbasia fatmid Persian ummayia saba empire samanid empire⚫Tani empire salat amar ibn qais liberty🗽🗽 colombus inca empie yahuda pathan laissair kharashun samson Ibrahim☀️☀️ Suleiman essa mosa nooh seti pepi teti Rameses khufuran intef Egypt🇪🇬 kushtin ajuran wagdu mali congo almrovid African kushun chola mauyria Gupta nanda pramara ganga Empire⚫⚫ jamna aryan Buddha bull Krishna shiva vishnu shri ram kama👑👑mughal khilji tughlaq Syed lodhi ghaznawi empire 🦚🦚Syed usman Khan rajpoot sheikh mughal Malik Ghaznawi babar👑👑 Yousafzai khail suri batni wazir jadoon dawar issa mosa khail mahsood umer zai Ali zai 🐎🐴Afghanistan🇦🇫🇦🇫🇦🇫🇦🇫⚫⚫Ali🇦🇫🇦🇫🇦🇫 cpec rpec projects🤑💸💵💴💶💰💳Suleiman pathan 👑👑mir Jilal Khan baloch ahmadani Hussaini kilani alikhani hadrani 🐎🏇meri khosa mangal bugti lashari☀🌝🌞💧💦💧💦🚰ottoman Seljuk alinja Khan tatari mongol Russia Kevin king baile king bailey silat amr ibn yarqus Arab nooh Ali essa aladin ka chirag
@Shining237
Жыл бұрын
BRICS/ SCO/ BRI - are the FUTURE America 🇺🇲 would be wise to go along to get along and if smart - could have economic benefits from their success!! It does require diplomatic skills though - something our leaders in Washington DC are lacking in 🤔🤝
@bettycauler2951
Жыл бұрын
Word .
@tathaYm
Жыл бұрын
BRI is a big failure.....
@basilio5150
Жыл бұрын
BRICS is finished what do you think Ukraine is all about...
@CampusmanagerOfficeadmin-eg1ls
Жыл бұрын
@spacie dictators and money londonderrig 😅
@carlosfernandoblancoortega7776
Жыл бұрын
Very good. US down.
@blafonovision4342
Жыл бұрын
It is my hope the USA pulls the dollar as the global reserve currency. I also hope the IMF/WB are closed down. It would be beneficial if the US Navy stopped patrolling trade routes on the high seas.
@agnescraig2912
Жыл бұрын
The IMF offers loans at a lower rate than China. China also builds infrastructure in Africa and Asia by using Chinese workforce with minimal local workforce. In some cases even bring their own chefs
@blafonovision4342
Жыл бұрын
@@agnescraig2912 True.
@aao449
Жыл бұрын
@@blafonovision4342 - Bye, Felicia!!!👋👋👋
@blafonovision4342
Жыл бұрын
@@aao449 Sadly, we can’t extricate ourselves overnight.
@MD-ew1xg
Жыл бұрын
This lady is really intelligent. I wish Arica had more of this.
@tumelomokoena6131
Жыл бұрын
South Africa successfully defied the ICC order of arresting Almar Albashir, it can also be reluctant of arresting Putin when he lands in SA
@jacobjorgensen9922
Жыл бұрын
I am so happy to hear africa finally can say colonization was a good thing! Hurrah for Putin colonizing Ukraine....
@shomadea
Жыл бұрын
@@jacobjorgensen9922 What has Israel been doing colonising arab lands.
@Truthstelling
Жыл бұрын
isn't it funny that US is influencing the arrest but US is not a member of the International Court? Guess Why???
@sixLavita
Жыл бұрын
@@jacobjorgensen9922 You are pushing a wrong narrative and you know it very well. The Ukraine Gorv is puppet of the West and has been killing its own citizens who speak Russian language. Why are you leaving that out? SO, when Russians are dying is not a problem?
@Food4thought2023
Жыл бұрын
@@jacobjorgensen9922 You seem confused about the concept of colonization. Read about the colonization of Africa, N America, South America, Australia almost the entire planet by NATO countries and make sure you actually understand the definition. Russia has not done this to any of these countries??
@АльбертФернандес-п1й
Жыл бұрын
Its good to see our african brothers standing up for what is their right after so many years of plunder by the colonial powers. Love from India.
@sandraseeraj3151
Жыл бұрын
African are very hard working people Latinos are they worst man please European countries do not allow Dominican Venezuelan Cuban Haitian Peruvian Ecuador to your country especially Dominican Mexicans yes they work hard
@mulombaluabeya753
Жыл бұрын
Thanks
@sanjaysanj6688
Жыл бұрын
If Putin attends summit virtually ll they arrest him online ?? 😜🤣
@OmniSlots_ZA
Жыл бұрын
Facebook Jail
@jonascoscom
Жыл бұрын
Hahah it’s already causing panic
@geraldmantel4955
9 ай бұрын
If things go well, Trump will spell sanctions with a small 's.'
@_VANDAL_-
9 ай бұрын
Its interesting how they're all speaking to each other in english
@sarjokujabi9730
Жыл бұрын
Brics 💪💪💪💪💪💪💪👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍
@benshephard5573
Жыл бұрын
I don't think Putin will or should be arrested
@karabotlhophane6081
Жыл бұрын
He will not be arrested, also while in the arrest issue Tony Blair, Bush, Obama, and Clinton should also be taken to ICC to answer for their War Crimes. These people are responsible for the deaths of many innocent people all over the world
@jacobjorgensen9922
Жыл бұрын
I agree - colonization is a good thing! He should be allowed to colonize in peace...
@andywong9847
Жыл бұрын
Agree. Just ask America, how many innocent people murdered by the US government in the last 50 around the world from Afghanistan to Chile to Libya.
@annaelrick7930
Жыл бұрын
Cringe
@Snowman666
Жыл бұрын
Good luck to all of them and others who have been under sanctions imposed by the US why? But I hope that it helps their interests and people even stability I am hoping
@rufanuf1
Жыл бұрын
What are sanctions? LOL when the world has no trade rules you just see how well everyone gets on. BRICS will be at war with each other in no time at all. The best thing the west could do right now is stop trading with ALL of them. After all they dont need "the West" do they?
@SeeLasSee
Жыл бұрын
The media likes these stories but presents them in such simplistic terms that they’re almost abstract. Assuming a dominant monetary role has many trade offs of the type no BRICS member so far has been willing to make. You must have transparency and flow of currency quite free from controls. You must be willing to accept swings into trade deficits. You must resist the urge to tamper directly with your currency. This is what is required to be a palatable alternative to the US dollar.
@easternobolo8176
Жыл бұрын
Weaponaising currency have consiquence
@ibiedun156
Жыл бұрын
Brics currency is not a currency union! It's going to be separate from the national currency! 2nd, don't listen to western experts, they are inherently and helplessly biased and can't think straight when talking about anything not in their parochial interest...
@talkinghand122
Жыл бұрын
@Bougiebete that won't happen because China is in there. China's run by the CCP. The CCP DNA is control and opaque. Transparency will cause them to lose control, and they become paranoid. It's a no-go for the CCP.
@davisoaresalves5179
Жыл бұрын
They only want a currency for trade
@remogatron1010
Жыл бұрын
People prefer to focus on ideologies instead of the actual reality of economics and technologies. BRICS is a pipe dream in many ways. You want to talk real world economics or ideologies?
@edrisemarisaturner3543
10 ай бұрын
shift POWER..........BRICS from Al Jazeera English news..............alternative market place......a profound POWER SHIFT.............
@myotheraccountissuspended921
Жыл бұрын
Now I know why Silva was removed, he proposed a common currency, that's how Gaddafi got killed.
@nelsonkfchen
Жыл бұрын
It is prime time for developing countries to work together to defy economic coercion and global chaos orchestrated by the US and its vassal states
@NPC8474
Жыл бұрын
Lol
@qamarkhan5188
Жыл бұрын
That's great step for moving on global economy
@MexObi
Жыл бұрын
The last minute of 1:33 will change everything for BRICs.
@jacksonwong90
Жыл бұрын
The world must come together to remove evil endmerica crooked hagemony .
@HeatherHaymeer
Жыл бұрын
Many mis-characterization in the opening remarks. BRICK represents the fast growing economy than G7 which is declining, Expansion of the BRICS is due to many countries wanting to join not because it wants to increase the influence. The dedollarization is fueled by the US abuses its currency’s hegemony of sanction and endless money printing, not Russia.
@CHIEF_420
Жыл бұрын
🧂
@patrickcerta4998
Жыл бұрын
Brics ❤❤❤❤❤
@mrfarenheit0323
Жыл бұрын
The world is big enough for two trade blocs
@charlesgarrett7854
10 ай бұрын
US news dont cover this 😂
@m.k.s.7417
Жыл бұрын
What if ALL "Former_colonies" and/or; "Emerging (Market)_Economies":- "Utd. Together!!"?? -M.K.S. (4 (for): Italian FOOTball and Celtic, F.C., TOO!!)??
@ericnongo4395
Жыл бұрын
The discussion by the guy from Britain us clearly show the difficulties in the west to accept that they are being dropped
@momomily9229
Жыл бұрын
I came in to make this comment.
@rvshrm7175
Жыл бұрын
5:09 lady believe it or not, We are rival of G7.... DIFFERENCE IS,WE DONT SAY IT OPENLY,WE PLAY DIPLOMATICALLY.
@solomonngubeni3667
Жыл бұрын
By killing people
@solomonngubeni3667
Жыл бұрын
I mean G7 decide on killing people
@hockkuanfoong3278
Жыл бұрын
Alternative view to Western media perspectives.
@atlantaguy6793
9 ай бұрын
Hahahahaha .... too funny! China's economy is collapsing across the board (real estate, finance/banking, services, manufacturing, provincial governments), as companies close and unemployment rises. South Africa cannot even keep the electric power on half a day to its citizens. Russia's economy is suffering under Western sanctions and the country has only its oil as its key economic sector. Brazil and India are doing great in 2023, but India and China are pretty much at war with each other and India has no economic needs for China. The BRICS group is totally unable to introduce a new international currency, because the 5 countries would have to adopt the same economic policies to make the "rules" behind the new currency consistent between them.
@syedmaricar9946
Жыл бұрын
I hope they become economically strong enough to get things done.
@moniershebeika3610
Жыл бұрын
INDIA and BRASIL must be permanent members of the UN... !! from Germany
@brianmolele7264
Жыл бұрын
How are things in Germany ? How's the recession ? Where's the Nord Stream 2 ? Why would those countries be members of the UN which is driven by NATO which is driven by America ?
@williamgarcia1909
Жыл бұрын
INDIA N BRAZIL BEING BIG COUNTRIES N ECONOMICALLY SIGNIFICANT TO THE WORLD, THEY CERTAINLY DESERVE TO BE PERMANENT MEMBERS OF THE UN SECURITY COUNCIL.
@duhaneyparkclassics7484
Жыл бұрын
Why? Due to what credentials?
@mohammadrahman9361
Жыл бұрын
Actually there shouldn't be any concept of permanent member in the security council and therefore this undemocratic council should be abolished before this issue raise the question about the creditiblity of UN which may arise the question to abolish the UN itself.
@larissamello374
Жыл бұрын
Germany and Japan should be as well. Love from Brazil.
@sanjaysanj6688
Жыл бұрын
He missed out on question which should be how India n China ll get along with eachother especially when 10000 troops standing on LAC face to face ! ☝️🤩✌
@bartsimpson1161
Жыл бұрын
There are more pressing issues. Not everything is about India. 🙄
@sp7873
Жыл бұрын
@@bartsimpson1161 but it should be considered - its the elephant in the room. greetings from germany
@ibingobingo
Жыл бұрын
The dispute between India and China is more of a theatre. It's an leverage both sides use to counter each other. In reality it's such a minor issue that even if one side, China or India, loses the disputed territory completely, it will not impact the country's international standing at all.
@sanjaysanj6688
Жыл бұрын
@@sp7873 Yes n u can't ignore big animal like that because of the size ! 😉
@benng5754
Жыл бұрын
India and China are matured nations with highly educated diplomats. They will solve it diplomatically like always. Both countries know their economy will take a hit if anyone escalates the border situation.. decades of economic growth will go down the drain.. both are aware of the risks and in order to avoid incidents, they also don't carry loaded weapons with their soldiers.. recently China's defence general visited India for talks and said the situation at the border is “generally stable” and both sides should put the boundary issue in an “appropriate position” and promote its transition to “normalised management”... In short, both countries know they should work together.. Historically, they had excellent relationship that benefited both parties when they work together...
@mssv19123
Жыл бұрын
Why must use US dollar? why must let US meddle in other countries internal affair?
@loduke3905
Жыл бұрын
Firstly, the why is simple, STABILITY, large and POSITIVE economic outlook, rules based order. Secondly, the dollar isn't meddling, it's requested by these countries and for a VERY GOOD reason. Do some research. With recent talk that China, India and Russia are settling purchases of oil in non-dollar denominations has generated speculation that the dollar’s days as the world’s reserve currency are ending. The recent discussion around the end of the dollar’s dominance is bereft of any linkage to the reality of international finance. This is nothing new. There were similar discussion during the financial crisis 15 years ago and, more recently, during the cryptocurrency bubble. Now, most measures of dollar valuation suggest continued dollar strength. The dollar accounted for roughly 60% of global currency reserves at the end of last year, which is down from its recent peak of just above 70% in the first part of this century but well above the 50% of 30 years ago. We find the recent discussion around the end of the dollar dominance bereft of any linkage to the reality of international finance and understanding of the dollar’s role as the anchor of the rules-based order that governs global economics. Economies like China that run surpluses need dollar-based demand from the United States to make up for their own weak consumption and high savings rates. Rather, the recent conversation is stoked by global grievances about the relative disparity of economic power and the dead end in which some economies find themselves. While these economies may desire an end to the dollar’s dominance, they are experiencing major setbacks on their own. Calling for an end to dollar preeminence is premature at best. The global financial system rests upon the stability of the dollar and the large trade deficit the U.S. runs. In essence, the United States exports dollar stability for goods and services at a cheaper price and enhances the welfare of its citizens. In return, the major trading economies get to hold a currency that is sounder than they possess-think of the Chinese yuan, which relies upon the depth of global liquidity markets based on the dollar to maintain that country’s currency regime. That reliance, in turn, reinforces the dollar’s hegemony. In short, the economies that run surpluses need that dollar-based demand from the United States to make up for their own weak consumption and high savings rates. China is a case in point. For China, which accounts for 2.7% of global reserves, to become a true reserve currency, it would have to liberalize the yuan. Such a loosening would result in a decline in the ability of the regulatory authority to control credit, relinquishing any control of its capital account and current account. China would have to be willing to alter its economic framework so that its economy plays the same role as that of the United States. Given China’s current political arrangements, that will not happen. And the dollar will remain dominant. Moreover, the soft power of the United States is too often discounted. The rule of law, foreign direct investment-with the notable exception of China and Russia-as well as the dollar’s support of the rules-based order all reinforce U.S. economic and financial power. The vast majority of international trades, almost 90%, are invoiced in U.S. dollars or euros, according to a recent analysis by the Federal Reserve Bank of New York. As of the end of last year, the U.S. dollar accounted for 60% of total allocated currency reserves held by central banks. That corresponds to the 80% of total foreign exchange reserves allocated to the dollar and euro held by central banks at the end of last year. The dollar accounted for 60% and the euro 20%. China, Russia, India and Saudi Arabia are not in any economic shape to support such a change in the rules-based order. Despite the global economic growth over the past three decades, the current order is simply not going to change at the scale necessary to supplant the American dollar and the global order that rests upon its foundation. There are only three other economies that have some the qualities needed to support a reserve currency: the euro area, Japan and the United Kingdom. But none of those have financial markets with the depth and liquidity to form the backbone of international finance and trade. In the early 2000s, the percentage of dollar and euro reserves was as high as 90%, with the gradual decline since then most likely because of increased trade among smaller economies and, more important, their reduced reliance on the foreign issuance of debt. The IMF also notes that as stockpiles of foreign currency reserves grow, the case for portfolio diversification has grown as well. Currencies of smaller economies that have not traditionally figured prominently in reserve portfolios but offer high returns and stability- like the Australian and Canadian dollars, Swedish krona and South Korean won-account for three quarters of the shift from dollars. Other IMF analysis notes that the dollar is the dominant reserve currency by default. The absence of an alternatives to the safety of dollar-trade invoicing, international funding markets, and the large supply of guaranteed Treasury bonds suggests that the dollar’s role in the global economy is secure. A reserve currency needs to be stable and safe, a store of value and a medium of exchange, and widely accepted and trusted. Additional societal and economic criteria for a global reserve currency. These include: The stability of the political system of the issuing country. The size and prospects of the economy. Global integration of its markets and economy. A transparent and open system A credible legal system. The quality of its sovereign debt. The ability to bear costs associated with a reserve currency. The size, depth and liquidity of financial markets. There is good reason for the shared dominance of the dollar and the euro, and, to a lesser extent, the Japanese yen and the British pound. They represent the major economic centers of the world and operate within the rule of law. There is good reason that other currencies do not yet qualify. They are either too small (Switzerland), operate under totalitarian regimes (Russia and China), or allow for protectionism (India). Finally, a reserve currency needs to be market-based, free-floating and, most important, stable. That rules out cryptocurrencies that are prone to wild swings and live outside the regulatory system. There have been two major reserve currencies in modern times: the British pound until World War II, and the American dollar for the past 75 years. The traditional U.S. dollar index is the weighted average of the exchange rates of six developed economies: the euro area, Japan, the United Kingdom, Canada, Sweden and Switzerland. The euro has a weight of 58% in the dollar index and a correlation coefficient of 0.98 based on monthly values of the dollar index and the euro since 1980s. And there will be differences in the transaction demand for currencies, with the currencies of economies dependent on resource extraction (see Canada and Australia) more affected by trends in economic growth and in particular the price of energy (see Japan again). Still, we need to recognize that there have been large jumps in the dollar’s value that we attribute to innovation breakthroughs or to financial busts or to consequential policy changes that have affected the demand for U.S. assets. While crypto advocates can explain away the instability as growing pains, and yes, traditional currencies fluctuate according to their demand, that demand is based on economic and societal factors underlying the currency and not purely on speculative. The use by the United States, European Union and Japan of its prodigious financial and economic power to address the Russian invasion of Ukraine has rekindled the ideal of de-dollarization. This is not exactly a new phenomenon. Latin American and Middle Eastern economies have attempted to exit the dollar-based system. Since the 1970’s Latin American nations like Chile and Venezuela have tried to exit the dollar-based global financial order. Venezuela has for some time attempted to purchase oil in Chinese yuan. During that past half century, Iraq and Libya attempted to find a solution through the euro and a pan-African solution. And we should all remember the entreaties by Japan in the late 1980’s for the United States to consider a broader role for the yen before the bursting of the Japanese financial bubble
@nopeno6514
Жыл бұрын
Let me tell you folks, to challenge the USA, you must first have technology and technology development without stealing. Secondly, you must have social an political stability. Thirdly, you must have strong institutions. No fking Brics have those or will have in our lifetime. You can make all noise you want to, but in the end it's just that. Sorry disappointing.
@siyamthethwa1080
Жыл бұрын
De-Dollarization is the way to go. I am sure Muammar Gaddafi is rejoicing where ever he is. The universe is finally tipping the scales against the predators. Cheers to a multipolar world.
@stevemccormack9948
Жыл бұрын
The various BRICS member states all know of the importance of pushing back against Western hedgemony. Having felt the pain of the past they all understand.
@user-uc5xj2li9d
Жыл бұрын
BRICS Currency ✅️ Should be use by Brazilian and Argentina 🇦🇷 too the same Year as BRICS Currency come out ✅️
@jayechow8525
Жыл бұрын
G7 has already lost. This grouping of the biggest debtor nations are bankrupt as the multipolar alliances, a grouping of richest creditor nations are turning to currency swap to fuel their economy. Dedollarizing all G7 currency is a unstoppable trend.
@logician3641
Жыл бұрын
China is the most indebted nation on the planet and its currency is the most manipulated on the planet.
@stefanrz_
Жыл бұрын
The autocracy isn’t the way.
@THETRUTH-BR
Жыл бұрын
@@stefanrz_ Isolation isn't the way
@vinlondon8904
Жыл бұрын
@@logician3641 actually USA is the most indebted one.
@alispeed5095
Жыл бұрын
@@logician3641 get your facts straight, have you seen the US debt?
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