Brent Johnson: Putin and Xi's De-Dollarization Plans Would Be Painful #economy #dollar #brics

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[adebayoidowuidowu]

Nothing comes easy! The dollar will certainly go down. The pains that the US inflicts on nations, with its irrational sanctions, are enough pain to get rid of the dollar. Continue to delude yourself with the believe that nations are stuck with the dollar. Time will tell. Continue to argue while nations are gradually moving away from the US/Western hegemony.

[GeoJuana]

Seems like Putin is not worried about a little pain.

[jithujames]

Doing business with Dollar $ is also pain too.

[CaribMan]

Don’t be afraid the dollar will go down.

[graykennedycapital]

You can’t get a good body without pain.

[deselby]

It might surprise the host and guest to learn that no one in Brics is interested in full scale dedollarization. All they are doing is setting up a system of trade between Brics countries in their own currencies. Everyone who chooses to can still trade in US dollars. It's not either/or.

[danielopdenakker]

Since Nixon left the goldstandard as from 1971/1974 to protect the printing money, the Us fed reserve kept unlimited $$$ printing. From less than a trillion deficit as from 1974 your mountain of dollars created an inflation and lowered the value of the dollar. Overspending by congress bills, endless wars, overvalued houses and so forth makes your deficit stands at a 34+ trillion$$$. No country in the world wants to by or invest in $ when it's real value has dropped..! It's an american fiscal problem and will affect the Us economy first.! Ask Steve Hanke a renowned economist. Is all that printed money covered by gold? If not than that printed money will be as good as toilet paper.

[silversurfer]

They absolutely can de-dollarize without pain. They only need to agree on an acceptable replacement for dollar-based financing. Once they do that it will be like flipping a switch. All Eurodollar loans instantly becomes BRICS unit loans or Yuan loans etc. It's a massive switch but not difficult. If I'm the bank and a debtor proposes to pay his loan off in Yuan instead of dollars why would I refuse? I just want to be repaid with interest

[AHKhan-yqik]

Start dumping the US dollar and buy gold which is a value based investment

US dollar=toilet paper
Gold= real value

[VladKostadinoski]

That’s not are dollar. That’s American $$ and they can take it home . We not need there money. Good bye US $$$$… take it home you need for winter fire🔥🔥🔥🔥🔥coz this winter will be cold 😝😜

[TCHCrevamp]

It's all relative. Permanent sections or short-term pain...

[harism]

I’ve already moved my dollar to gold. U guys keep dreaming. Millions out there like me.

[Nsibidiimohtep-pfgh]

The solutions is simple a United Africa and no export of any raw materials and natural resources but industrialized fields

[geraldthomas]

The world is feeling the pain that the dollar has inflicted on the poor countries who have natural resources.

[hungrysurfer]

USA doesnt make much these days. Chinese Yuan is more useful to keep in reserve. We are running down our dollar assets and acquiring some Yuan Franc and Gold. Fed cut rates, dollar value will fall a lot soon. Exit the dollar euro and pounds as fast as you can. Hold Yuan Francs and Gold.

[UNIPEXOWENI]

Using fiat currency is more painful to the world economy than replacing it with gold coins. Yes, Brics will be successful.

[David-gyfv]

Brinks wants freedom without paying the price..

[champis]

Pain will go both way.... none western are used to pain

[PeterMcCluskey-cbck]

What about the design causes enormous pain?

[rickyooi]

Dollar to dictate and suck every life on earth!