Why BRICS will not replace the Dollar - BRICS countries are like Minecraft Villagers

I discuss why BRICS is not a viable alternative to the US dollar. Not now nor in the future.
BRICS = Brazil (they have mad cow, but still exporting beef, i.e., corrupt), Russia (Ruble is worthless), India (GDP per capita speaks for itself), China (a huge question mark, understatement), and South Africa (I discuss in the video). BRICS is like trading with the lowest common denominators of Minecraft villagers. You generally do not get fair trade, transparent transactions, or an arm's length relationship when trading with them. These countries can not compete with the innovation transparency that comes with democracies and mixed capitalism from the US or the EU regions. I am going to use the dollar. BRICS will not replace the dollar in this reality.

[SteveTrinh-eb]

If I have $1000 right now, I would get rid of US dollars and buy Gold. Gold has no counter party risk.

[zhcultivator]

Also another video on the Prosumer concept (in which people both produce and consume in a society) would be great 👍.

[zhcultivator]

please consider making a video on the monetary unit called "Freigeld" (meaning free money in German) and the whole (free economy) "Freiwirtschaft" idea by Silvio Gesell.

[MayThai]

They don’t need to create a replacement reserve currency, they just need to trade outside the dollar.

[steveng]

This guy is not up to date, the world is changing, trading partners are changing too. Look at the business between China and Russia, it is surging 38.7% in q1 2023

[BestMentalism]

Not so sure about this, it's hard to deny that the fiat currencies of western countries are depreciating faster lately, and CNYUSD is up +34% since 1996 and up if you compare from any year before 2011. It's true what you say that there is a very long path before the power balance shifts, but it is definitely starting to

[arnavachakraborty]

Brother there is a very basic difference in the collective thought process of Western civilization and eastern civilization, the easterns bloc is more into collective growth and not thinking of the per capita per say. And you have to understand that the western big daddy is mainly into personal growth and per capita and its very different. They are not trying to replace dollar, they are just waking up their people to not keep all your eggs in one basket....
Hope its something other than your regular PhD curriculum...
Peace..

[barryshaw]

How’s the weather in fantasy land today

[gnice]

If I had $1000, I'd prefer a basket of commodities, cost price averaged if possible in the current situation. Probably food, fuel and other staples. Your return on dollars will be less and less valuable in comparison, due to understated inflation calculations (About 5% more according to shadowstats.) The whole point of government driven inflation is to errode purchasing power. Imagine taxes in a hyperdeflationary situation, funny no?

[nutcracke]

“I don’t even know what BRICS is?” Why don’t you try explaining what dollar is?

[gnice]

Currencies are tied to the production of the country its tied to. I think Russia is more economically feasible than the US. Brics growth 32% the west 29%. I think you might be wrong about this but always love your analysis. The euro and the dollar are debt ridden. Natural resources aren't viable? Kinda nuts my friend.