De-dollarization and Brics currency rise.
2023 Feb 21, 12:53pm 29,281 views 258 comments
by indc follow (0)
Comments 1 - 8 of 258 Next » Last » Search these comments
2
ElYorsh
@
2023 Feb 21, 5:55pm
The conditions might signal de-dollarization, but... Why are the worlds billionaires still sending their kids to study and live here in the land of the dollar?
3
indc
@
2023 Feb 21, 6:57pm
ElYorsh says
Good question, as per the discussion dollar is still king. Will be going forward, but other currencies will grow stronger gradually. When it reaches critical mass thats when dollar will be dethroned maybe in another 10 to 15 years. I think maybe even longer because US will correct its policies.
The conditions might signal de-dollarization, but... Why are the worlds billionaires still sending their kids to study and live here in the land of the dollar?
Good question, as per the discussion dollar is still king. Will be going forward, but other currencies will grow stronger gradually. When it reaches critical mass thats when dollar will be dethroned maybe in another 10 to 15 years. I think maybe even longer because US will correct its policies.
4
ElYorsh
@
2023 Feb 21, 7:02pm
indc says
What I am trying to get to is that no matter how "stronger" other currencies get... No other country has the might of the USA. Yes, Biden has devalued the empire... But no other place on the world offers better conditions for saving and spending your money. Unless China or Russia would be more inviting to hold your money with them, what other place in the word is "safer" to keep your money than the USA?
ElYorsh says
The conditions might signal de-dollarization, but... Why are the worlds billionaires still sending their kids to study and live here in the land of the dollar?
Good question, as per the discussion dollar is still king. Will be going forward, but other currencies will grow stronger gradually. When it reaches critical mass thats when dollar will be dethroned maybe in another 10 to 15 years. I think maybe even longer because US will correct its policies.
What I am trying to get to is that no matter how "stronger" other currencies get... No other country has the might of the USA. Yes, Biden has devalued the empire... But no other place on the world offers better conditions for saving and spending your money. Unless China or Russia would be more inviting to hold your money with them, what other place in the word is "safer" to keep your money than the USA?
5
indc
@
2023 Feb 21, 7:18pm
ElYorsh says
Right now none. Hence my title will the Brics currency become an alternative to dollar. Just like euro but better. Because Euro is still currency of client states of USA.
what other place in the word is "safer" to keep your money than the USA?
Right now none. Hence my title will the Brics currency become an alternative to dollar. Just like euro but better. Because Euro is still currency of client states of USA.
7
The_Deplorable
@
2023 Jul 29, 11:53am
BRICS Payment System Will Replace SWIFT
"After the US and the EU seized Russia’s forex reserves, the world realized that it is not only a "political weapon," but an instrument of financial pressure on the external and internal policy of any country and any continent... The US dollar has been weaponized, which is why nations will gradually move away from using it in trade and the BRICS payment system will replace the SWIFT financial messaging network in a "new non-Western world."
"African leaders are also concerned about further use of the dollar and euro. In this regard, the number of countries wishing to join BRICS is growing rapidly, because this is an alternative payment system that is due to emerge within half a year..."
The unipolar world is collapsing and a multipolar world is being formed with the participation of Africa... Last year alone, 19 African countries applied for BRICS membership because they wanted completely new economic relations, Morozov revealed on the sidelines of the Russia-Africa summit.
https://www.azerbaycan24.com/en/brics-payment-system-will-replace-swift-in-new-non-western-world-afrocom-head/
"After the US and the EU seized Russia’s forex reserves, the world realized that it is not only a "political weapon," but an instrument of financial pressure on the external and internal policy of any country and any continent... The US dollar has been weaponized, which is why nations will gradually move away from using it in trade and the BRICS payment system will replace the SWIFT financial messaging network in a "new non-Western world."
"African leaders are also concerned about further use of the dollar and euro. In this regard, the number of countries wishing to join BRICS is growing rapidly, because this is an alternative payment system that is due to emerge within half a year..."
The unipolar world is collapsing and a multipolar world is being formed with the participation of Africa... Last year alone, 19 African countries applied for BRICS membership because they wanted completely new economic relations, Morozov revealed on the sidelines of the Russia-Africa summit.
https://www.azerbaycan24.com/en/brics-payment-system-will-replace-swift-in-new-non-western-world-afrocom-head/
8
MolotovCocktail
@
2023 Aug 5, 12:55am
MolotovCocktail
@
2023 Aug 5, 12:55am
Haha....
De-Dollarization: India Shuts Down Talk Of BRICS Currency
https://www.ibtimes.com/de-dollarization-india-shuts-down-talk-brics-currency-3703913
De-Dollarization: India Shuts Down Talk Of BRICS Currency
https://www.ibtimes.com/de-dollarization-india-shuts-down-talk-brics-currency-3703913
Comments 1 - 8 of 258 Next » Last » Search these comments
This is a 1hr video, but very good explanation of coming de-dollarization. Take sometime to listen to it.
I dont agree 100% with the points in the video but would like any financial experts thoughts about it.