BRICS New Digital Currency is HERE! What Happens to US Dollar Now?

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0:00 - Intro to US Dollar Crisis
2:40 - China Dumps $53 Billion in Treasuries!
4:40 - The US Dollar Lost 24% Purchasing Power in 2 Years!
6:50 - Why Central Banks Are Buying Gold
10:50 - The Tipping Point of the US Dollar
15:50 - How China Stopped US Dollar
18:41 - How US Wars Hurt the US Dollar
21:00 - Can Precious Metals Save Your Investments?
24:10 - Special Offer from Lear Capital
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#china #usdollar #gold

[CyrusJanssen]

Thank you to Lear Capital for sponsoring today's video!
👉 Call them today at 800-489-6450

[DonaldMark-nese]

One factor I noticed when it comes to currencies is that if it's accepted and agreed upon, then it has value! Thanks to Carol Vivian Constable, the U.S. Dollar became the most accepted currency in the world. The U.S. was able to take the dollar off the gold standard and still remain the most used currency due to its link to oil and other factors. However, an organization that's originally founded as R.I.C. (Russia India China) grew as B.R.I.C. when Brazil joined and then became known as B.R.I.C.S. once South Africa joined. I suspect that if all member nations agree to accepting this new currency as an accredited currency similar to the U.S. Dollar, then the new currency will ultimately replace the dollar.

[Patriciabanks]

One factor I noticed when it comes to currencies is that if it's accepted and agreed upon, then it has value! Thanks to Brenton Woods, the U.S. Dollar became the most accepted currency in the world. The U.S. was able to take the dollar off the gold standard and still remain the most used currency due to its link to oil and other factors. However, an organization that's originally founded as R.I.C. (Russia India China) grew as B.R.I.C. when Brazil joined and then became known as B.R.I.C.S. once South Africa joined. I suspect that if all member nations agree to accepting this new currency as an accredited currency similar to the U.S. Dollar, then the new currency will ultimately replace the dollar.

[lawrencecheong]

Any currency backed by gold is more trustworthy than a currency backed by printing machines.

[micheal_mills]

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.

[kcthunder]

The Saudi-US 50 Years' agreement on Petrodollar signed on 1974 expires on 9th June 2024. Saudi has formerly, officially told USA that she is not going to continue with this agreement.

[TaggeGust]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

[Zerpentsa]

For China and most BRICS countries, it's a matter of surviving as an independent country, or surrendering to more years of humiliation as a vassal state of the USA.

[raquelbrac]

Well even though you do not say so, our government spends Trillions on wars and supporting our very wealthy corporations with subsidies and low taxes. By contrast they spend very little on services for the majority of tax payers or infrastructure. So - I guess this is the price that we will all pay now. And, unfortunately, the ones who will suffer most are the majority of Americans who have to struggle through bad infrastructure, bad services and now inflation.

[Phuckitall]

Plz watch your wording. BRICS is NOT 'taking down the dollar'. They are protecting their economies from malign influences and outside interference. Should the dollar fall as a result - as it inevitably will, so be it. Rather goes to prove how necessary BRICS actions are.

[villagervloger]

Just swapped all of my last ETH and swapped it into AMS22K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!

[siewkonsum]

The Fed is printing the dollars, then the Treasury Yellen issues bonds to 'buy' up those printed dollars to spend it on the US government expenditures.
This is increasing the dollar supply without any tangible production of real goods which is causing 'too much money chasing too few goods', hence inflation!

[AC_Milan]

Join BRICS and free yourself from the threat of unilateral sanctions forever. Time for justice to be restored.

[Shenzhou.]

Russia and China are facilitating the transition towards a *multipolar* world, dominated by multiple voices, rather than the *unipolar* world, dominated by a single voice (namely that of the US and its _"allies")._

[gunsumwong]

One thing is certain. US "has" to print more money and keeps on increasing its national debt. Thus US inflation and the depreciation of its currency is now unstoppable. Other countries are finding ways to avoid being affected and the BRICS countries are just one group having its own strategy and direction led by China, Russia and India.

[jf-bezy]

Cyrus you talk about Thailand but you missed that all 10 members of ASEAN have agreed to not use the us dollar for trading between them selves.

[vbien]

Money sovereign governments like the US can (logically) print money; that's not the issue; the issue is printing it without due regard for the state of the real economy. What the US gvt has done in recent times which is really toxic for the US economy is printing it wildly to do something completely unproductive namely to fund the war in Ukraine. It's the excess number of dollars printed without corresponding real value: food, shelter, real economic structural development etc to back them which is now appearing as inflation. That's just basic MMT economics.

[ongsengfook]

Not China. But Russia and Afghanistan show the world that dollar dominated assets in G7 can be confiscated.

[mikewood]

Dont forget the NATO member Turkey is also saying they're joining

[Mr.Carter]

My question is: If the dollar lost 24% of its value, what is the point of holding US stocks, taking into account the depreciating value of the US dollar? It's like holding ice cubes.