“I wholeheartedly agree; this needs to be highlighted in mainstream media. It’s a major development, and I’m pleased to see the Ethiopian government becoming part of BRICS.”
It is indeed a cause for concern to witness the depreciation of the US dollar due to inflation, juxtaposed with the strengthening of other currencies, creating an aura of uncertainty. Despite this, there remains a level of confidence in the dollar's stability. Your apprehension regarding the potential devaluation of your $420,000 retirement savings is valid. Exploring alternative methods to safeguard your finances appears prudent. Have you considered any specific strategies or arrangements to ensure the security of your retirement funds?
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
BRICS emphasized that only the UNSC can impose international restrictions on any country and will follow UN only. "We are absolutely against unilateral sanctions " "We opposes such policies by any state." UN chief went there to have more BRICS $upport on UN
We are about to get an American spanking and they're going to keep us down until we learn our lesson and then maybe just maybe they might let us play in the same sand pit but don't hold your breath we sanctioned ourselves out of the cool kids club
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Exactly. I’ve entrusted my day-to-day investing to an advisor since experiencing a significant downturn in late 2019, just before the pandemic hit. Now, I’m semi-retired and only 25% shy of reaching my $1 million retirement goal, thanks to my subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
"Every time China visits we get a hospital, every time Britain visits we get a lecture" I believe Patrick Bond is one of those brits that loves to give lectures that an African diplomat was referring to.
Actually Patrick Bond has written extensively about the neo-colonial exploitaiton of African nations by western capitalism, and I highly recomend reading his book "Looting Africa" (2007, Zed Books)
America is up to something. Crown Prince Mohammad bin Salman met with US Secretary of State Anthony Blinken on day he should been at the BRICS summit. Now Saudi Arabia is going to flood the market with oil.
Because they believe in the cold war foreign policy which is to exploit the world for gain ....also imperialism...by supporting Israel they are losing the global south
The Western economy heavily reliant on NBA basketball, money changing, and OnlyFans content can produce useless GDP without carbon emissions. I seriously think that the South African guy is just a political hack. Why is he on the show???
BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial-consultant regulated by the SEC, and started small, but eventually accumulated over $800,000...
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
‘’Marisa Michelle Litwinsky’ is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
With "us vs them" mentality being so prevalent, I think it's important to note that BRICS as a whole and with every state individually is not aiming for "friends and allies" exclusivity. They want to do business with everyone, so it's not a political or ideological alliance, unlike, say G7.
It's political, but not military. Brazil sells even military hardware to most of Europe. The only refusal I can recall right now is some equipment the Germans wanted to send to Israel. We also canceled purchases from Israel itself. Otherwise, we sell to the Netherlands, Portugal, Hungary, South Korea, etc.
They now calling it Domcraty lt semes if America gets a new president,and other new leaders to follow the laws for all humanity in God eyes. Yes Jesus Christ is Lord we're born from Noah sons?
@alrent2992 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉 Get the mini cable you're gonna get doing it and you can't. You gotta go outside? I've been not that unfair.🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
In a way it is a bout time. There are new sheriffs in town now adn they rather exchange goods with each other than running around the planet with bombs and tanks.
@@Cloudchopper-x1r Russia is also running around with bombs and tanks. When other BRICS countries become similarly empowered they may well do the same, though I suspect that is decades away for most of them. There are no "good guys" in positions of power.
@@dmike3507USA pushed Ukraine and NATO into Russian territory. Russia had to defend themselves. THE U.S. will not admit this failure. Wars are not the answer. The world can do better, and Palestine has made global eyes wide open.
@@dmike3507 they have the right to defend themselves. USA pushed NATO and Zelinskyy to move into Russian territories. Now Ukraine has (rip) 600,000 soldiers gone, and the USA will not admit this in the U.S. big media networks.
@@ralphee7487 True. However he was not wrong in this specific conversation about the BRICS + countries unlike Patrick Bond who is somehow equating an anti-imperialist movement to an imperialist movement. Patrick also mentioned he was just talking to Vijay Prashad and I have not heard Vijay talk about BRICS in such terms. Granted there are many issues, there are many countries with many issues, there are many Arab countries playing both sides but this is only the first steps in what is going to be a monumental undertaking. This is going to be a long process and we can't even predict where it will go.
@@ralphee7487 no, it doesn't, but he is absolutely accurate and correct. there is sustainable capitalism, which was once facilitated by early laws but organized money took over american government and paved the way to the rapacious capitalism that is now destroying the planet and forcing the population into a slow cooking economic enslavement
@@ralphee7487 Much more accurate than the other half empty bottle Patrick Bond. Child labor in China? Is Patrick Bond still living in the 80s/90s?! Patrick, do you understand the Globak South countries (under developed and developing counties) are not some lucky spoiled brats who have the luxury of sitting in front of TVs eating popcorns with 9-5 jobs, people in Global South countries need to work much harder to lift their standard of living, YES, that includes children. That’s NOT the fault of Global South countries and societies, it’s the fault of western colonialism that IMPOVERISHED global south countries, and they are making up lost times to get ahead. You wonder why so many countries are interested in joining BRICS, they are tired of western arrogance, western hypocrisy, western supremacy, western hegemony, led by U.S. global hegemony choke holding global south countries to have equal chance to develop to wealthy stable countries. Everyone on earth DESERVES to live a better life with equal opportunity and hardworking. Global South countries are tired of being lectured by western moral hypocrisy, including people like Patrick Bond. Blame BRICS countries for not putting sanctions on Israel while the shameful west countries especially US are complicit, aiding and abetting G Syde, just listen yourself, it’s the type of hypocrisy that always points fingers at others that the global south countries are fed up with.
Weird how liberal, anticolonial, democracy-loving people are fretting over the potential leveling of playing field. "I love equality and equity across the globe, but not at the expense of my living costs going up"? Am I missing something?
Yes you are missing something. Many of these countries are not friends with each other. This is not a unified block. Russia is trying to look important as many others are too. This is more about Ego's than anything else.
@@shaikbindawood Yes, you are missing something. The US is getting disinterested in assuring the historical anomaly of globalization. You're going to miss it.
@@bobsalsa "historical anomaly of globalization" 1. Historically, nations didn't trade with each other? 2. How will the others breaking US hegemony (even if they were able to) lead to de-globalization?
China - Manufacturing & AI India - Finance & IT Russia - Energy & Food South Africa - Gold & Platinum Brazil - Tropical produce & Biotech BRICS make economic sense. Lower cost for all of above.
The “South African Professor” is in fact NOT South African at all, he just happens to be based in South Africa. His accent is a dead give away, along with his biased views.
Lots of inaccuracies. BRIC was founded by brazil, russia,, india and china. South africa joined later. BRICS is not focussed on west. We have our own agenda. You have g7 why cant we have our club?
Malaysia is the most important addition as it control 14% of world semi conductors , with china and Vietnam and Thailand, brics control more than 50% of semi conductors
Overall, the key takeaway from the BRICS summit can be the following. Look closely at some of the scenes presented: India and China after having just negotiated a settlement to their border conflict, Armenia and Azerbaijan hashing out their disputes, other “ostracized” members of the world community being greeted with open arms, no leering judgmental supremacism, condescending sermonizing and pompous pontificating like so often seen by the West at their global institutions, from the EU to the UN, etc.
The "news" is waiting for the total collapse. They probably have all scripts and teleprompter prepared for their "address" to we the people and where can get our ration of bugs for the week to survive on.🎉
Patrick Bond was spot on with the lame BRICS statement about Gaza that did not condemn Isreal. But man is he wrong to point fingers at developing countries for global emissions when the West has since long been major contributors.
I think he would admit to the west being a great polluter. But the lame state of not condemning Israel is spot on. I wonder if they would allow Israel to join?
Yea, BRICS is no friend of the west. They don't care that isreal is doing what it's doing, they are working hard to bring down the us. They are.trying to show they are not the UN, they are the infant it's opposite, the opposite of NATO. This could literally change the world..and what makes me sad is we kinda pushed them into this
Yes, the collective west exploits the global south and keeps them down developmentally and technologically, then blames them for greater emissions. Typical western imperialist thinking that blames its victims. Putin addressed this in the presser, adding that the exploitative 'loans' the collective west offers to poor countries don't help them develop and increase different technologies nor can they be paid back. This is a new tool for continuing colonialism.
He sounded like a thousand-books-read-and-only-ten-miles-walk kinda scholar, talks a lot out of reality. The hegemony has military bases all around the middle east, what a statement could makes a difference? Have they not offered many already in the UN in the past one year? It took only one VETO from the hegemony to bury them all every time, innit? Easy for him to talk like that far away from the South Africa, just like what he mentioned about the global emissions.
Richard Wolff is absolutely right. The historic importance of this economic forum cannot be overstated. It is a global shift in a power dynamic of the West that goes back 500 years! We are leaving a system that has been dominated by the West. From Atlantic trade and powers to one now based between the Eastern and Southern powers.
Well something must be changed because world witnesses how USA 🇺🇸 uses the dollar as a weapon against other countries that is not agreeing with its policy. USA 🇺🇸 was not the first currency. Multipolar world for a better world economy and prosperity for all. Every currency is equal 🟰 as previous. ❤❤❤❤❤from Haiti 🇭🇹
I’m guessing you’re from Haiti that’s why we’re now having to evacuate our people as of today from your country because of how violent it is but you know our country so screwed up talk about the US right but it’s funny whenever something happens to us you have no clue how many refugees I’ve seen from Haiti and from all the other countries that they just named and every single woman say that our countries better and you know what it really is not just that we actually stand up against war crimes and arrest the person that the charges are being brought up against the man
Or maybe Russia stops invading it's neighbors and Iran stop proxy wars because it doesn't want Arabs (especially. Saudis) and Jews (Isreal) becoming allies?
@@DrVictorVasconcelos Its not accurate at all. When did the US steamroll Ethiopia, NK, Brazil, Russia. Youre just a fake bot like all the comments here. RUssia really hates real people commenting about this, its all AI leavign right wing anti american posts like you did.
he's taking dollars not drugs. thats how you become relevant get on TV and get very well paid for it. this program used to be " Democracy now " it has changed in to " Propaganda now"
psss, the US has continued to drive the train since the 1940s. And, has started the process of driving the train home. Only a relatively few will be on the train then, even fewer in 1st class. It's been fun, but yea, sorry.
Las dos opiniones, Dan opciones para pensar y no repetir errores. Es bueno que se puedan intercambiar puntos de vista y críticas. No es un concurso, no, es poner sobre la mesa lo que está pasando y saber más, para poder opinar.
US crippling other countries? Yea sure, when they invade another country in Europe - after two WWs, no sane global leader wants that again. Look at Russia in the 1990s, basically, the anus of 3rd world countries. Then look at it from 2000 to 2022 when it cooperated with global rules, and became an socioeconomic world class nation again. Now look at it, an emerging shXthouse being led by a despot. What most of you are going to miss the most when the US says 👋 and returns you to the historically-predominant ways of the world (i.e., before post-WW2 American-led globalization) is hope. Sorry.
Patrick Bond is wrong. Simply wrong. First, he claims that "51% of global emissions come from these 10 [BRICS] countries". That's absurd. He knows that CO2 accumulates in the atmosphere and remains for 300-1000 years, so it's dishonest to blame the recently developing south for effects that come from accrued CO2 from the 100's years of industrialization in the West. It's the accrued balance sheet that matters, not the daily journal [of expenses]. It's your total debt that matters, not your daily credit card expenses. So when he talks of "51% of emissions", he's giving you only a snapshot of the current moment and wants to make you think that is the whole picture, the entire history. He wants you to focus only the now, and ignore history: ignore reality. Same thing with his "sub-imperial claim" that DN! tries to sell every chance it gets. Imperialism is a historical process. Bond (and DN!) want you give you a snapshot to make you think BRICS are imperialist, too. To wit: "BRICS are part of a supply chain that produces goods for the Imperialist Global North, so they must be imperialist subcontractors. They are all imperialist--hence a plague on all their houses." Wrong. The BRICS conduct commerce with the North, but they are not imperialist. Are they capitalist? Some are more, some are less. They vary in their systems, but they are not imperialist towards each other, and they are the best chance of a creating an anti-capitalist system through sovereign socialism--something that the imperial north has always thwarted. They are fundamentally subverting the system of western imperial domination, and that is what Bond can't stand.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
D Diddy is just another diversion. Nothing much is going to come of it. If it would get serious that things would really come to light he will suicide himself. In the meantime some people wallow in sensational mud of sex, money and power.
@@l.w.paradis2108 I used to admire her and DN!. I was ready to bequeath my estate to the program. Now I seldom if ever listen or watch what I consider the official narrative that is not much different the corporate News.
From the BRICS 2024 summit in Kazan, Russia @ 22-24 October, it is another Breton Woods of 1944 moment, but this time it is done by the Global South and not the Western Colonies Nation States. It's a time changer in wrap speed.
The world is missing justice and Gaza genocide exposed the hypocrisy in this this world. Yes the word is going towards a new direction based on justice and equality. Tired of double standards.
OMG, you (like most) have no clue. It's going to be both sad and ironic when you realize what is happening to you is because the US lost interest and went home.
The use of US dollars by BRICS countries in trade and investment will gradually decrease, and the over-printed US dollars will further push up inflation. Countries such as Europe, Japan, and South Korea may suffer from chain inflation shocks, while the impact on BRICS countries will be smaller. no wonder, the gold and silver price keep rising!
@@XCambodianBuddha Now the resources of BRICS countries and the commodity trade of China are slowly reducing the use of US dollars，while US Federal Reserve keeps printing more US dollars. This means that the ability of the US dollar to purchase resources and commodities is declining, and the depreciation of the US dollar is a general trend. The depreciation of the US dollar will drive inflation, and countries holding more US dollars will suffer greater losses.
BRICS is a club. Being a member of the club means you have an advantage in doing business with other club members. The club is not going to tell you how many immigrants you must take in, or where the immigrants must come from. The club is not going to tell you that you will be fined if you don't agree to pay for surgery for every 12 year old who wants to become a different sex. It's going to work out. For emerging economies, it has to work out.
No it is not, these are authoritarian leaders- these are countries w no roads, running water, horrible conditions because their leaders are authoritarian
The U.S. has several options to address the rise of BRICS and preserve its global influence: 1. **Strengthen Alliances**: The U.S. can reinforce existing alliances with key partners (NATO, G7, EU, Indo-Pacific allies) to present a unified stance on global issues and counterbalance BRICS influence. Developing deeper ties in Africa, Latin America, and Southeast Asia-regions where BRICS has expanded-could reduce BRICS's appeal. 2. **Reform Global Institutions**: By pushing for meaningful reforms in institutions like the IMF, World Bank, and UN, the U.S. could address the criticism that these bodies favor Western interests. More inclusive policies could keep countries from turning to BRICS as an alternative and build goodwill in the Global South. 3. **Engage in Economic Diplomacy**: As BRICS nations work to de-dollarize, the U.S. should promote trade deals and financial partnerships that emphasize the dollar’s role in global transactions while offering mutually beneficial terms to partner nations. Trade deals that prioritize economic growth, technology transfer, and infrastructure could increase U.S. appeal. 4. **Address Domestic Competitiveness**: Domestically, focusing on technological innovation, manufacturing, and clean energy production can keep the U.S. competitive. Reducing dependence on BRICS countries for critical resources (like rare earth minerals and energy) will safeguard the U.S. economy against disruptions. 5. **Pursue Environmental Leadership**: With BRICS’s high emissions, the U.S. can lead in setting international environmental standards and pushing for climate initiatives that emphasize sustainable development. Taking the lead on global climate solutions can attract partnerships with countries looking to address climate change seriously. 6. **Promote the Dollar’s Stability**: To counter BRICS’s de-dollarization, the U.S. can work with other economies to keep the dollar as the reliable global currency. Transparent policies and financial stability measures could help maintain the dollar’s dominance, despite BRICS’s push for alternatives. 7. **Engage in Direct Dialogue with BRICS Members**: Diplomatic efforts aimed at fostering collaboration with certain BRICS members, especially India and Brazil, could prevent a complete polarization. By finding areas of shared interest, such as counterterrorism, trade, or climate initiatives, the U.S. could ensure that BRICS isn’t an entirely oppositional force. 8. **Invest in Technology and Innovation**: High-tech advancements, AI, and clean energy are crucial to future global influence. By leading in these areas, the U.S. can set the standards for emerging technologies, ensuring a competitive edge and enticing global partnerships. If the U.S. recognizes BRICS’s rise as a chance to adapt and innovate, it could strengthen its global position rather than attempting to preserve an outdated status quo.
Thank dithering Merrick Garland for uselessly sitting on his hands for ~30 months and not prosecuting tRump. When MG finally took action, it was only to appoint Jack Smith.
We need a new justice that will protect humanity and innocent civilians because the people who were put in place to protect the innocent failed miserably quit your jobs. You don’t work for humanity🎉
No empire lasts forever! Despite this, Brazil has never been an enemy of the Americans, on the contrary, it has always been an ally, but the American governments have always seen Brazil as a mere servant. That's why BRICS wants its part in the world, these countries want respect and their place in the world. The American people must learn that all people are important, including the "First Nations" of the USA. It's time to learn that there are other countries outside your borders.
Once that 10th member join America is done. Revelation 17:16 King James Version 16 And the ten horns which thou sawest upon the beast, these shall hate the whore, and shall make her desolate and naked, and shall eat her flesh, and burn her with fire.
You have NO IDEA of how happy this one comment made me. Out of all the comments I read, this was the only one showing awareness of what is happening. God be with us all
@thebeaver1282 he is with us all. This must happen to free ALL of us from the chains of this so called democracy. All things will be made new. This "heaven" will pass away and a new heaven will come peace and joy will reign for ever and ever.
I’m from South Africa, and I’m constantly amazed (and embarrassed) by how myopic SA analysts are - much like Patrick Bond. They fail to see the bigger picture.
I am not sure if BRICS will pose any real challenge. Always remember, a group has to be small. If they have 36 countries, then they are not friends. It is just a showmanship.
That DN does an episode on this crap and does nothing to inform it's viewers that one of the candidates for U.S. president is talking about using soldiers against citizens, deporting immigrants/political enemies, including pro-Palestinian protesters should remove all doubt that DN is a right-wing front. All this channel does is stoke moral disgust with ONLY one of the two candidates - and it ain't the fascist one.
When the US disinterest in maintaining globalization eventually gets to the point of saying bye-bye, you're going to be dealing with these three and many others without the structure and rules you now take for granted. May you have interesting times. US will be watching from its prosperous sidelines, passing the popcorn.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Exactly! I’m curious as to why no American politician is bringing this up.
Lol, how can people with such little understanding of their economy truly grasp what constitutes a failed government?
“I wholeheartedly agree; this needs to be highlighted in mainstream media. It’s a major development, and I’m pleased to see the Ethiopian government becoming part of BRICS.”
BRICS is poised to reshape the global landscape; it’s the dollar that is truly doomed.
It is indeed a cause for concern to witness the depreciation of the US dollar due to inflation, juxtaposed with the strengthening of other currencies, creating an aura of uncertainty. Despite this, there remains a level of confidence in the dollar's stability. Your apprehension regarding the potential devaluation of your $420,000 retirement savings is valid. Exploring alternative methods to safeguard your finances appears prudent. Have you considered any specific strategies or arrangements to ensure the security of your retirement funds?
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
The u.s. is in overcapacity of denial.
@@alrent2992 The shrewd one sees the danger and conceals himself, But the inexperienced keep right on going and suffer the consequences.
Proverbs 22:3
@@Bsmith-gb2ru “You people are so petty, and tiny.”
Thor. god of thunder, The Avengers (2012)
Something up. Crown Prince Mohammad bin Salman met US Secretary of State Anthony Blinken on day that he should been in BRICS summit.
@@HellBot-gi5siwhy did he have to go to the bricks summit
Only 2 countries in the Brics have any power the rest are weak
@@HellBot-gi5si lol brics
More power. Let's build a world without "sanctions, wars, conquest, and genocide".
BRICS emphasized that only the UNSC can impose international restrictions on any country and will follow UN only.
"We are absolutely against unilateral sanctions "
"We opposes such policies by any state."
UN chief went there to have more BRICS $upport on UN
Ironically sanction is a means to prevent wars. China is looking at Russia right now.
You are delusional!
Russia building a world without wars
@@henrywhh Russia is at war with Ukraine right now. Obvious troll.
The US has also benefited from child labor.
still does
We are about to get an American spanking and they're going to keep us down until we learn our lesson and then maybe just maybe they might let us play in the same sand pit but don't hold your breath we sanctioned ourselves out of the cool kids club
Open borders definitely doesn't help mitigate the child abse and Sex Tfkn
Bot
@@TheHonesttruth123it benefits: you can get cheap stuff made by slaves or kids working for horrible wages. happens in mexico and asia
Why haven't most western mainstream media cover this at all? Those who did were just in a bitter and condescending tone!
because mainstream media is controlled by organized money?
They are unhappy everyone they have exploited has formed a group without them.
Western Journalism is a clown car for the most part
It’s a serious threat
Pride comes before the fall. It is a story as old as time...
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Exactly. I’ve entrusted my day-to-day investing to an advisor since experiencing a significant downturn in late 2019, just before the pandemic hit. Now, I’m semi-retired and only 25% shy of reaching my $1 million retirement goal, thanks to my subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you! I searched her name online, found her website, and filled out her form. I hope she gets back to me soon.
"Every time China visits we get a hospital, every time Britain visits we get a lecture" I believe Patrick Bond is one of those brits that loves to give lectures that an African diplomat was referring to.
Actually Patrick Bond has written extensively about the neo-colonial exploitaiton of African nations by western capitalism, and I highly recomend reading his book "Looting Africa" (2007, Zed Books)
But you are on the hook for that Hospital 🏥!
Exaclty no American politician is mentioning this!
They have absolutely no idea what that is, what do you expect them to say?
@@gregwang8628 Generally they have opinion on anything/ So any rant was expected.
That's because it's meant to keep you in fear. Apparently it's working.
America is up to something. Crown Prince Mohammad bin Salman met with US Secretary of State Anthony Blinken on day he should been at the BRICS summit. Now Saudi Arabia is going to flood the market with oil.
Because they believe in the cold war foreign policy which is to exploit the world for gain ....also imperialism...by supporting Israel they are losing the global south
America historically is the master is talking left and walking right
Kansas City Shuffle at its finest!!!
The Western economy heavily reliant on NBA basketball, money changing, and OnlyFans content can produce useless GDP without carbon emissions. I seriously think that the South African guy is just a political hack. Why is he on the show???
TRUE...!!!
BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial-consultant regulated by the SEC, and started small, but eventually accumulated over $800,000...
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
‘’Marisa Michelle Litwinsky’ is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
With "us vs them" mentality being so prevalent, I think it's important to note that BRICS as a whole and with every state individually is not aiming for "friends and allies" exclusivity. They want to do business with everyone, so it's not a political or ideological alliance, unlike, say G7.
Absolutely correct
It's political, but not military. Brazil sells even military hardware to most of Europe. The only refusal I can recall right now is some equipment the Germans wanted to send to Israel. We also canceled purchases from Israel itself. Otherwise, we sell to the Netherlands, Portugal, Hungary, South Korea, etc.
Partially correct, and in the future likely false.
😂😂😂😂 you must one of those trolls paid by russia. Wonder why all the nations in bricks are run by dictators😂😂😂 oops your ignorance is showing
Do business with repressive murderers??? Get Real!!!!!
Im in agreement, we need to be talking about this on main stream media. Cause this is huge
The u.s. is in denial. 😂
They now calling it Domcraty lt semes if America gets a new president,and other new leaders to follow the laws for all humanity in God eyes. Yes Jesus Christ is Lord we're born from Noah sons?
Mainstream media has covered this summit but it was full of jealousy and bitterness from reporters and journalists
@alrent2992 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉 Get the mini cable you're gonna get doing it and you can't. You gotta go outside? I've been not that unfair.🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
But there not
Year ago Mr. Wolff discussed decline of US Empire and now here we are in deep POOP .
In a way it is a bout time. There are new sheriffs in town now adn they rather exchange goods with each other than running around the planet with bombs and tanks.
@@Cloudchopper-x1r Russia is also running around with bombs and tanks. When other BRICS countries become similarly empowered they may well do the same, though I suspect that is decades away for most of them. There are no "good guys" in positions of power.
@@dmike3507USA pushed Ukraine and NATO into Russian territory. Russia had to defend themselves. THE U.S. will not admit this failure.
Wars are not the answer. The world can do better, and Palestine has made global eyes wide open.
Found the MIC troll.
@@dmike3507 they have the right to defend themselves. USA pushed NATO and Zelinskyy to move into Russian territories. Now Ukraine has (rip) 600,000 soldiers gone, and the USA will not admit this in the U.S. big media networks.
BRICS is the future… love from Australia ❤❤❤
I don't think so because BRICs doesn't want Western countries, like Australia, which is part of the US group.
I love China 🇨🇳
I love Palestine 🇵🇸
May BRICS prosper
BRICS is growing, good new for us here in Brasil
Do y’all know what it means BRICKS in English???😊😂
@@hotboycaphedale1842Many Bricks together make a skyscraper
I think it is good for the whole world and the sooner the collective West loses its hegemony, the better it will be for the Global Majority.
B-bullies, R-round table, I-including , C-corrupt, S-snakes.
@@garfieldisgodG7- Gay-7. A block of 7 gays.
The People United… Will Never Be Defeated..! Always Speak Truth to Power..!
Professor Wolff is well versed in geopolitics. Always a pleasure listening to him 🎯❤️
Well versed doesn't equal accurate.
@@ralphee7487 True. However he was not wrong in this specific conversation about the BRICS + countries unlike Patrick Bond who is somehow equating an anti-imperialist movement to an imperialist movement.
Patrick also mentioned he was just talking to Vijay Prashad and I have not heard Vijay talk about BRICS in such terms. Granted there are many issues, there are many countries with many issues, there are many Arab countries playing both sides but this is only the first steps in what is going to be a monumental undertaking. This is going to be a long process and we can't even predict where it will go.
@@ralphee7487 no, it doesn't, but he is absolutely accurate and correct.
there is sustainable capitalism, which was once facilitated by early laws
but organized money took over american government and paved the way to the rapacious capitalism that is now destroying the planet and forcing the population into a slow cooking economic enslavement
@@lefttoitall2982 We can predict it. It's World War 3.
@@ralphee7487
Much more accurate than the other half empty bottle Patrick Bond.
Child labor in China? Is Patrick Bond still living in the 80s/90s?!
Patrick, do you understand the Globak South countries (under developed and developing counties) are not some lucky spoiled brats who have the luxury of sitting in front of TVs eating popcorns with 9-5 jobs, people in Global South countries need to work much harder to lift their standard of living, YES, that includes children.
That’s NOT the fault of Global South countries and societies, it’s the fault of western colonialism that IMPOVERISHED global south countries, and they are making up lost times to get ahead.
You wonder why so many countries are interested in joining BRICS, they are tired of western arrogance, western hypocrisy, western supremacy, western hegemony, led by U.S. global hegemony choke holding global south countries to have equal chance to develop to wealthy stable countries. Everyone on earth DESERVES to live a better life with equal opportunity and hardworking.
Global South countries are tired of being lectured by western moral hypocrisy, including people like Patrick Bond.
Blame BRICS countries for not putting sanctions on Israel while the shameful west countries especially US are complicit, aiding and abetting G Syde, just listen yourself, it’s the type of hypocrisy that always points fingers at others that the global south countries are fed up with.
Weird how liberal, anticolonial, democracy-loving people are fretting over the potential leveling of playing field. "I love equality and equity across the globe, but not at the expense of my living costs going up"?
Am I missing something?
Yes you are missing something.
Many of these countries are not friends with each other. This is not a unified block. Russia is trying to look important as many others are too.
This is more about Ego's than anything else.
@@DavidA-411you missed the whole point.
@@shaikbindawood Yes, you are missing something. The US is getting disinterested in assuring the historical anomaly of globalization. You're going to miss it.
@@bobsalsa "historical anomaly of globalization"
1. Historically, nations didn't trade with each other?
2. How will the others breaking US hegemony (even if they were able to) lead to de-globalization?
@@bobsalsa
you are in for the shock of your life
As the U.S. empire fades I wonder if we will see more countries bit by bit peel away from the U.S. and join these kinds of blocs...
China - Manufacturing & AI
India - Finance & IT
Russia - Energy & Food
South Africa - Gold & Platinum
Brazil - Tropical produce & Biotech
BRICS make economic sense. Lower cost for all of above.
The South African professor is in denial. He can't see the big picture. The American professor is on spot.
The “South African Professor” is in fact NOT South African at all, he just happens to be based in South Africa. His accent is a dead give away, along with his biased views.
This man is not South n, he doesn't talk like a South African. He's working in Johannesburg but not a South African. His accent is European.
Lots of inaccuracies. BRIC was founded by brazil, russia,, india and china. South africa joined later. BRICS is not focussed on west. We have our own agenda. You have g7 why cant we have our club?
Malaysia is the most important addition as it control 14% of world semi conductors , with china and Vietnam and Thailand, brics control more than 50% of semi conductors
Overall, the key takeaway from the BRICS summit can be the following. Look closely at some of the scenes presented: India and China after having just negotiated a settlement to their border conflict, Armenia and Azerbaijan hashing out their disputes, other “ostracized” members of the world community being greeted with open arms, no leering judgmental supremacism, condescending sermonizing and pompous pontificating like so often seen by the West at their global institutions, from the EU to the UN, etc.
MSM in the US never mention BRICS or the Petrodollar.
The "news" is waiting for the total collapse. They probably have all scripts and teleprompter prepared for their "address" to we the people and where can get our ration of bugs for the week to survive on.🎉
Patrick Bond was spot on with the lame BRICS statement about Gaza that did not condemn Isreal. But man is he wrong to point fingers at developing countries for global emissions when the West has since long been major contributors.
I think he would admit to the west being a great polluter. But the lame state of not condemning Israel is spot on. I wonder if they would allow Israel to join?
Yea, BRICS is no friend of the west. They don't care that isreal is doing what it's doing, they are working hard to bring down the us. They are.trying to show they are not the UN, they are the infant it's opposite, the opposite of NATO. This could literally change the world..and what makes me sad is we kinda pushed them into this
Yes, the collective west exploits the global south and keeps them down developmentally and technologically, then blames them for greater emissions. Typical western imperialist thinking that blames its victims. Putin addressed this in the presser, adding that the exploitative 'loans' the collective west offers to poor countries don't help them develop and increase different technologies nor can they be paid back. This is a new tool for continuing colonialism.
Yes, Putin addressed this brilliantly in the presser.
He sounded like a thousand-books-read-and-only-ten-miles-walk kinda scholar, talks a lot out of reality.
The hegemony has military bases all around the middle east, what a statement could makes a difference? Have they not offered many already in the UN in the past one year? It took only one VETO from the hegemony to bury them all every time, innit? Easy for him to talk like that far away from the South Africa, just like what he mentioned about the global emissions.
BRICS is the New Hope for the World.
Richard Wolff is absolutely right. The historic importance of this economic forum cannot be overstated. It is a global shift in a power dynamic of the West that goes back 500 years! We are leaving a system that has been dominated by the West. From Atlantic trade and powers to one now based between the Eastern and Southern powers.
Well something must be changed because world witnesses how USA 🇺🇸 uses the dollar as a weapon against other countries that is not agreeing with its policy. USA 🇺🇸 was not the first currency. Multipolar world for a better world economy and prosperity for all. Every currency is equal 🟰 as previous. ❤❤❤❤❤from Haiti 🇭🇹
I’m guessing you’re from Haiti that’s why we’re now having to evacuate our people as of today from your country because of how violent it is but you know our country so screwed up talk about the US right but it’s funny whenever something happens to us you have no clue how many refugees I’ve seen from Haiti and from all the other countries that they just named and every single woman say that our countries better and you know what it really is not just that we actually stand up against war crimes and arrest the person that the charges are being brought up against the man
Stop eating the dogs 🐕
Lol why don't you go and enjoy some nice cat or dog your probably feeling a little hungry these days
@@BryanJohnson-qb1sebahhhahahahh
Or maybe Russia stops invading it's neighbors and Iran stop proxy wars because it doesn't want Arabs (especially. Saudis) and Jews (Isreal) becoming allies?
For the sake of survival they had to band together or be steamrolled by Uncle Sam.
That's probably the most accurate view across the comment section 😅 We keep having domestic problems caused by non-stop US intervention.
@@DrVictorVasconcelos bring it up, and people call you an isolationist.
@@DrVictorVasconcelos Its not accurate at all. When did the US steamroll Ethiopia, NK, Brazil, Russia. Youre just a fake bot like all the comments here. RUssia really hates real people commenting about this, its all AI leavign right wing anti american posts like you did.
@@adammontgomery7980 You ar eNO an isolationist, you are a very dumb person who falls for right wing propaganda very easily, or you are a bot.
Child labor in China? What kind of drugs is Patrick taking?
Maybe he meant child labour in DRC working for China.
he's taking dollars not drugs. thats how you become relevant get on TV and get very well paid for it. this program used to be " Democracy now " it has changed in to " Propaganda now"
"China is so evil. It uses child labour. See, my phone is a product of child labor!"
Did Patrick care about child in GZ ?
Anti asia drug
This should be one of the top issues that's not being discussed.
Brics will be more damaging to the US economy more than the housing crisis in 2008.
well like they say train is leaving the station. either you get on board or be left behind
psss, the US has continued to drive the train since the 1940s. And, has started the process of driving the train home. Only a relatively few will be on the train then, even fewer in 1st class. It's been fun, but yea, sorry.
And yet you are about to the crush this train (and you can’t even see that)
Wolff is brilliant, he knows what's going on.
..and good communicator as well
Bravo Richard Wolff! With just one video, I became a fan of yours. BRICS is THE future.
US dominance in financial world must be challenged to insure safety from dictatorial US sanctions.
Patrick Bond is no match for Professor Wolff.
It was a contest?;)
Professor Wolff can't name one good Communist country that ever existed.
Las dos opiniones, Dan opciones para pensar y no repetir errores. Es bueno que se puedan intercambiar puntos de vista y críticas. No es un concurso, no, es poner sobre la mesa lo que está pasando y saber más, para poder opinar.
Glad to see Ethiopia in Brics 👌🏾👌🏾👌🏾
Most Welcome love from India😊
🇮🇳❤🇪🇹
Thank you Professor Wolff for bringing good sense into the conversation.
Just think about how utterly scared the US is of China's EV's and semiconductors.
አሜሪካ እና አጋሮቿ ብቻ እንዳሻቸው የሚፈነጩበት እና የጠሉትን ሃገር በኢኮኖሚ ማዕቀብ የሚያሽመደምድውን የአለም ኢኮኖሚ ስርዓት ለማስቆም እንደ ብሪክስ አይነት አዲስ የአለም የገንዘብ ተቋም መፍጠር ብቸኛ መፍትሄ ነው።
US crippling other countries? Yea sure, when they invade another country in Europe - after two WWs, no sane global leader wants that again.
Look at Russia in the 1990s, basically, the anus of 3rd world countries. Then look at it from 2000 to 2022 when it cooperated with global rules, and became an socioeconomic world class nation again. Now look at it, an emerging shXthouse being led by a despot.
What most of you are going to miss the most when the US says 👋 and returns you to the historically-predominant ways of the world (i.e., before post-WW2 American-led globalization) is hope. Sorry.
这是什么文字😂像小人跳舞一样😂😂
@@zack7259 Ethiopian or Ge’ez writing
Amharic
@@0_P.E.kkkkk Amhara languages አሜን
Transnational Institute w/ Jayati Gosh - Palestine is the end of the rules based International order
Patrick Bond is wrong. Simply wrong.
First, he claims that "51% of global emissions come from these 10 [BRICS] countries". That's absurd. He knows that CO2 accumulates in the atmosphere and remains for 300-1000 years, so it's dishonest to blame the recently developing south for effects that come from accrued CO2 from the 100's years of industrialization in the West. It's the accrued balance sheet that matters, not the daily journal [of expenses]. It's your total debt that matters, not your daily credit card expenses. So when he talks of "51% of emissions", he's giving you only a snapshot of the current moment and wants to make you think that is the whole picture, the entire history. He wants you to focus only the now, and ignore history: ignore reality.
Same thing with his "sub-imperial claim" that DN! tries to sell every chance it gets. Imperialism is a historical process. Bond (and DN!) want you give you a snapshot to make you think BRICS are imperialist, too. To wit: "BRICS are part of a supply chain that produces goods for the Imperialist Global North, so they must be imperialist subcontractors. They are all imperialist--hence a plague on all their houses." Wrong. The BRICS conduct commerce with the North, but they are not imperialist. Are they capitalist? Some are more, some are less. They vary in their systems, but they are not imperialist towards each other, and they are the best chance of a creating an anti-capitalist system through sovereign socialism--something that the imperial north has always thwarted. They are fundamentally subverting the system of western imperial domination, and that is what Bond can't stand.
In victory, we should be generous 🇺🇸 but Israel is just too greedy 🇮🇱
I’m glad to see it!
I am so glad Iran has joined . After decades of unfair sanctions , they have survived against all odds.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
Stacy Lynn Staples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Congratulation from Romania BRICS !!!
The MSM doesn't talk about this (real news) too busy talking about P. Diddy
D Diddy is just another diversion. Nothing much is going to come of it. If it would get serious that things would really come to light he will suicide himself. In the meantime some people wallow in sensational mud of sex, money and power.
Amy just like the rest of the women in this country, still fighting for women to have basic HUMAN RIGHTS!!! Thank you Amy 🥰
The dominance of the IMF and World Bank is being credibly questioned.
more Richard Wolff!
I love some Americans I mean some cause they speak the truth
I admire Amy Goodman the most.
@@l.w.paradis2108 I used to admire her and DN!. I was ready to bequeath my estate to the program.
Now I seldom if ever listen or watch what I consider the official narrative that is not much different the corporate News.
From the BRICS 2024 summit in Kazan, Russia @ 22-24 October, it is another Breton Woods of 1944 moment, but this time it is done by the Global South and not the Western Colonies Nation States. It's a time changer in wrap speed.
The goal should be a fairer global order.
A VERY sussinct analysis by Mr Richard Wolff ; NOT to be ignored !
History has proven every empire had rise and fall it will apply amrica also.
The world is missing justice and Gaza genocide exposed the hypocrisy in this this world. Yes the word is going towards a new direction based on justice and equality. Tired of double standards.
Gaza is not a good example. Justice should occur where Justice is deserved.
What about Bangladeshi Hindus Hyprocites
@@sarahhearn-vonfoerster7401 you support ongoing genocide then. If you really faced holocaust you wouldn’t commit one in Gaza.
Hello from Asia...The US is about 30 years behide and pretty much outdated...The train already left the station...
OMG, you (like most) have no clue. It's going to be both sad and ironic when you realize what is happening to you is because the US lost interest and went home.
Or, maybe where you are is in Japan or Viet Nam. Or your country will also soon buy a clue. Wish you luck, you're going to need it. 👍
@@bobsalsa i’m more worried about you. Stop reading outdated information about Asia.
@@bobsalsa thanks but no thanks.. we don’t need your sad luck
@@bobsalsa thanks but no thanks.. we don’t need your sad luck
This makes me wanna run out and buy rubles and deposit all of it in a Russian bank.
😂
Gold and silver
The use of US dollars by BRICS countries in trade and investment will gradually decrease, and the over-printed US dollars will further push up inflation. Countries such as Europe, Japan, and South Korea may suffer from chain inflation shocks, while the impact on BRICS countries will be smaller. no wonder, the gold and silver price keep rising!
@@lijackson-x6r That sounds odd coming from a Russia that trolls for his daily vodka ration, Vlad.
@@XCambodianBuddha Now the resources of BRICS countries and the commodity trade of China are slowly reducing the use of US dollars，while US Federal Reserve keeps printing more US dollars. This means that the ability of the US dollar to purchase resources and commodities is declining, and the depreciation of the US dollar is a general trend. The depreciation of the US dollar will drive inflation, and countries holding more US dollars will suffer greater losses.
I agreed with Professor Richard Wolf's views.❤
congrats president putin and to all the brics nations may you have prosperity and great true friendships 🇺🇸
BRICS is a club. Being a member of the club means you have an advantage in doing business with other club members. The club is not going to tell you how many immigrants you must take in, or where the immigrants must come from. The club is not going to tell you that you will be fined if you don't agree to pay for surgery for every 12 year old who wants to become a different sex. It's going to work out. For emerging economies, it has to work out.
i stood up to my bully.🐭
BRICS is Boss now❤❤❤
Bricks a breath of fresh breath that the wirld has been waiting for for generations.
can't even spell BRICS !!!!
No it is not, these are authoritarian leaders- these are countries w no roads, running water, horrible conditions because their leaders are authoritarian
The U.S. has several options to address the rise of BRICS and preserve its global influence:
1. **Strengthen Alliances**: The U.S. can reinforce existing alliances with key partners (NATO, G7, EU, Indo-Pacific allies) to present a unified stance on global issues and counterbalance BRICS influence. Developing deeper ties in Africa, Latin America, and Southeast Asia-regions where BRICS has expanded-could reduce BRICS's appeal.
2. **Reform Global Institutions**: By pushing for meaningful reforms in institutions like the IMF, World Bank, and UN, the U.S. could address the criticism that these bodies favor Western interests. More inclusive policies could keep countries from turning to BRICS as an alternative and build goodwill in the Global South.
3. **Engage in Economic Diplomacy**: As BRICS nations work to de-dollarize, the U.S. should promote trade deals and financial partnerships that emphasize the dollar’s role in global transactions while offering mutually beneficial terms to partner nations. Trade deals that prioritize economic growth, technology transfer, and infrastructure could increase U.S. appeal.
4. **Address Domestic Competitiveness**: Domestically, focusing on technological innovation, manufacturing, and clean energy production can keep the U.S. competitive. Reducing dependence on BRICS countries for critical resources (like rare earth minerals and energy) will safeguard the U.S. economy against disruptions.
5. **Pursue Environmental Leadership**: With BRICS’s high emissions, the U.S. can lead in setting international environmental standards and pushing for climate initiatives that emphasize sustainable development. Taking the lead on global climate solutions can attract partnerships with countries looking to address climate change seriously.
6. **Promote the Dollar’s Stability**: To counter BRICS’s de-dollarization, the U.S. can work with other economies to keep the dollar as the reliable global currency. Transparent policies and financial stability measures could help maintain the dollar’s dominance, despite BRICS’s push for alternatives.
7. **Engage in Direct Dialogue with BRICS Members**: Diplomatic efforts aimed at fostering collaboration with certain BRICS members, especially India and Brazil, could prevent a complete polarization. By finding areas of shared interest, such as counterterrorism, trade, or climate initiatives, the U.S. could ensure that BRICS isn’t an entirely oppositional force.
8. **Invest in Technology and Innovation**: High-tech advancements, AI, and clean energy are crucial to future global influence. By leading in these areas, the U.S. can set the standards for emerging technologies, ensuring a competitive edge and enticing global partnerships.
If the U.S. recognizes BRICS’s rise as a chance to adapt and innovate, it could strengthen its global position rather than attempting to preserve an outdated status quo.
No more hypocrisy.. only win win fomular😢
Glad to see this being made public!
Awesome
Patrick English is funnier than Johnny English
RIP US DOLLAR ☠️
Sound crazy with us there no dollars
Thank dithering Merrick Garland for uselessly sitting on his hands for ~30 months and not prosecuting tRump. When MG finally took action, it was only to appoint Jack Smith.
We need a new justice that will protect humanity and innocent civilians because the people who were put in place to protect the innocent failed miserably quit your jobs. You don’t work for humanity🎉
❤🕊️🌍 some of the world pursues peace and prosperity ☺️
The western moment is long gone my friend, the "world" has moved on.
This is Revelation Time....😮
Wake-up Time!!!
“OVERWHELMING” IS THE KEY WORD!! 😬
Amy,stay healthy and strong...
Brics is being undermined by the west, until one day all brics countries make a shared defence agreement, rhat when the action Starts😂
India is like Kamala flip flopping playing both sides
false
No empire lasts forever! Despite this, Brazil has never been an enemy of the Americans, on the contrary, it has always been an ally, but the American governments have always seen Brazil as a mere servant. That's why BRICS wants its part in the world, these countries want respect and their place in the world.
The American people must learn that all people are important, including the "First Nations" of the USA. It's time to learn that there are other countries outside your borders.
Going to south africa for democracy is wild
he's a self-hating south African
Great discussion ,
some build , seeking win win ,
Some bomb, bad mouth others, lie and stir chaos .
Who is better for the future of the world ?
Once that 10th member join America is done. Revelation 17:16
King James Version
16 And the ten horns which thou sawest upon the beast, these shall hate the whore, and shall make her desolate and naked, and shall eat her flesh, and burn her with fire.
there are 30 more country's on a waiting list to become a member of BRICS.
You have NO IDEA of how happy this one comment made me. Out of all the comments I read, this was the only one showing awareness of what is happening. God be with us all
@thebeaver1282 he is with us all. This must happen to free ALL of us from the chains of this so called democracy. All things will be made new. This "heaven" will pass away and a new heaven will come peace and joy will reign for ever and ever.
No good guys. Only bad guys fighting each other for dominance. We live in a grim dark world.
CGTN America - The Heat: BRICS Summit
I’m from South Africa, and I’m constantly amazed (and embarrassed) by how myopic SA analysts are - much like Patrick Bond. They fail to see the bigger picture.
It's good to see Richard Wolff; he really knows what he's talking about.
Compared to Mr. Patrick's gibberish 😂
We make new world BRICS.
My respect for Amy Goodman only grows. What good fortune to be alive when she is.
I am not sure if BRICS will pose any real challenge. Always remember, a group has to be small. If they have 36 countries, then they are not friends. It is just a showmanship.
Say.... Good bye US Dollar.
If the consequences to the US are "overwhelming" then what are the consequences to Britain and the EU?
Only way back for the west Trump. Get Trudeau Out😢
Trump is for BRICS. Ever heard of controlled opposition?
🌎 ⚖️ 🌍. ...
Yet the Dollar 💵 still in charge ...
Professeur Richard Wolff is right on the money as he usually is.
Looks like they are on the winning side
That DN does an episode on this crap and does nothing to inform it's viewers that one of the candidates for U.S. president is talking about using soldiers against citizens, deporting immigrants/political enemies, including pro-Palestinian protesters should remove all doubt that DN is a right-wing front. All this channel does is stoke moral disgust with ONLY one of the two candidates - and it ain't the fascist one.
most power full country USA🇺🇲Russia 🇷🇺CHINA 🇨🇳INDIA🇮🇳... If 🇷🇺🇨🇳🇮🇳 this 3 country join together USA you done
When the US disinterest in maintaining globalization eventually gets to the point of saying bye-bye, you're going to be dealing with these three and many others without the structure and rules you now take for granted. May you have interesting times. US will be watching from its prosperous sidelines, passing the popcorn.
they are together now
Thanks to Uncle Sam.