Why the BRICS can't beat the USD! 💰

#brics #china #india #usd #brasil #russia #indian #economy #southafrica #dollar
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Do you think the BRICS will be able to remove the USD from its dominant position in the world economy? If so... in what way? Let me know down in the comments below ! 😊

[gq]

BRICS goal is not to replace the $$ but to provide alternatives to the Dollar...and trade freely without the restrictions of the Dollar

[wintersolider]

I don’t think the Brics goals is the necessary replace the dollars but it is to make the dollar less powerful as it was

[magamaga-gnwf]

1. Brics intention is to not use US dollars, NOT TO UNITE their currency like what EU did, this is done by having agreement with lots of country to have bilateral trading using their own currency not via US dollars

2. How then they will measure the exchange rate if they dont have single currency as a standard? They use GOLD, they were trying to use gold like good old days so its no longer fiat currency, this is why if you follow news about brics, they are buying tons of gold preparing for this

3. You argue that this means every country following brics are basically tied to one of the brics country economy policy, its not, since its using lots of currency backed by gold, if china decide to drop their yuan value then it must print lots of RMB into the system since their plan is you can directly trade gold with their currency (again, not fiat currency)

4.main reason why lots of country has US dollars as reserve is because to buy oil you need US dollar, if not then you can just use gold as reserve since gold is not depends on any country economic policy, this is why saudi deal with brics is gonna flip US hegemony

4. The goal of this is to nullify any risk of US financial sanctions like what happen to russia, US weaponize their dollar often and everyone doesnt like this

5. US keep printing money which affecting all countries US dollar reserve value, printing money reduce their monetary value, US basically print money to be spent by themself while everyone basically forced to pay for it, no one likes this

[vkpkck]

If more countries join brics then it's possible

[wiro]

The dollar is no longer the trading currency in ASEAN and now applies to BRICS members, this will have a huge impact on the value of the American currency and the economy will surely collapse

[ericteng]

Where there's a will, there's a way!!! People also need to realise they are being held to ransom. They should also reason that this is not a simple situation of a whim and a fancy. It's a case of do or die. Hang on to the US Dollar and you will perish. You will come to realise this sooner or later, whether you like it or not!!!

[samson]

lets talk about it again in 10 years later

[stanleysiao]

If usd fall 25percent. Usa exports increased 30 to 35percent. China exports reduced 50 percent due to price increases.. India boycott china brics meeting.
China want yuan as brics currency

[Homer-OJ-Simpson]

🚩 It won’t have much impact. India and China don’t get along. Few trust China and Russia. They all have competing interests.

[Pintocaleb]

Thats why Argentina ditched them when the new president came in

[Zampierre]

I love your videos about BRICS! From Brazil!!

[cssrao]

Your views are correct because undoubtedly China will dominate the Group in every possible way

Thus, the very sustainability of the unified economic arrangements will come under acute stress from the early stages

[floxy]

How many of these countries have people using the dollar instead of their own play money due to its stability? Resentment and jealousy of the U.S. cannot be the basis of currency usage. The Chinese will never give up their right to manipulate the yuan. Let's say India pays for Russian oil in rupees; now what is Russia going to buy with rupees? They can only buy Indian goods with these rupees (not very convenient).

[wernerzikeli]

Sorry but you might be wrong. To make it easy - there is a military powerhouse (US/NATO) and an economical Powerhouse (China/BRICS+) and the future should avoid a war but create economic stability and wealth. That´s why BRICS+ will gather other nations and population powerhouses like ASIA/AFRICA and S-America. Even Japan and S.Korea are not interested to be a pawn of the US military neocon GOP party. They belong to the economic party. ASEAN states have noticed that and even Singapore is closing in. Hold in mind what is going on with EUROPE and UKRAIN due to the wish of the US to enlarge NATO. Take away the VETO right at the UNO - then you will see how the world will start to be democtratic - one nation one voice! That will break the hegemonic and arrogant "international rule based order" of the WEST

[khanyisayanga-ztbs]

Brics is not looking to beat US DOLLAR we are looking for a alternative way of doing business so keep you myopic view of these emerging ECONOMIES...

[JosephOdiase-ux]

Don't want to replace the dollar, more alternative

[tumelobrales]

This analysis is from a young man who does not know the current realities of this world.

[economicsinaction]

Give me a simple "YES" or "NO" would you have more trust in a BRICS common currency or the USD ❓

👇 COMMENT BELOW 👇

[SlavaRussiaHamasOctober]

Let's see when the dollar will become useless and get replaced by brics currency 😂