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De-dollarization and Brics currency rise.


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2023 Feb 21, 12:53pm   17,359 views  229 comments

by indc   ➕follow (0)   💰tip   ignore  

https://www.youtube.com/watch?v=XGd-DvuEPfU

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.

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228   DemocratsAreTotallyFucked   2024 Oct 16, 12:02pm  

AD says

Reserve currency means foreign countries mostly hold US dollars as short term US Treasuries. That helps in increase demand for US Treasuries. However, examine how China has slowly reduced its US Treasuries holdings since 2014.


Selling USTs increases demand for USDs, actually.
229   AmericanKulak   2024 Oct 16, 12:05pm  

LOL, South Africa.

The only thing funnier than that is India and China agreeing to share a currency.

Brazil, Russia, China, and South Africa sounds like a recipe for massive corruption.

I'd put more trust in Iraqi Dinars

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