South African here 👋🇿🇦 can definitely see a Brics crypto currency working in our country and many others simply because people are ready for change and want independence. This would provide that, bring it on!
It will be a currency your (communist) government will be able to entirely track and control. Say something the government doesnt like? They can shut off your money and take it all. Spend too much on air conditioning? Well you reached your max limit. Note they are trying to pull this shit everywhere BUT a CBDC like BRICS will do EXACTLY that.
Make no mistake. BRICS+ payment system will start with a “BRICS numeraire” pegged upon hard coin and tangible commodity” to calibrate exchange rate between national currency before settling bilaterial trade among BRICS+ member state and extendable to BRICS+ partner belt states whilst m-bridge as introduced by BIS is open to all central banks and regional banks of all nations for digital currency transaction.
It's a fork, so gas won't be an issue look at it like BSC or FTM both EVM written in solidity but have 1000x cheaper fees than ETH, and much faster and those 3-5 years ago tech, new ones might cost 0.0001 and finalize tx within a second
There's a saying in India regarding American foreign policy... "Aj American diplomat wouldn't even give a glass of water to his father without demanding something in return". This is why BRICS was made.
@bluetorpido5929 Your post-modern take on history is hilarious! 'exporting its colonial aggression ' May get you laid with a blue-haired college girl, but will only make the rest of us laugh... BRICS is likewise a joke... India and China have border conflicts right now... Russia's economy is falling apart, and they would make a useless ally... The rest are tiny economies. Basing currency on gold is idiotic, we don't have enough gold to float a currency of any substance! BRICS FUD is a clickbait joke...
I’ve been looking forward to a new BRICS specific release and you didn’t disappoint, Guy! I do think the entity will be more significant than we can imagine, it’s clear they’ve been making moves for a while now and will be interesting to see where things end up.
Hey Guy, DXY is not rising. Not on the daily, not the weekly nor de monthly. And it’s about to go lower as it’s printing lower highs. Probably going towards 100. Correct me if I’m wrong please
Lol a 20+ min video shilling ETH and not a single mention of XRP which is the main competitor of SWIFT and no.1 crypto for payments and bridge assets. Well done 🤡
Fabulous intel and educational, as ever. However, I don't understand why lower demand for USD as a bridge currency impacts its value, as all the buying is balanced by equal selling as the dollars are exchanged to the target currency. I recognise the psychological and political impact dropping the USD as the primary bridge currency might have, but not any reduction in its value.
While at a high level it seems that the buying and selling of USD in these transactions would be neutral from a price perspective, I think there are more layers to this onion (cue the caveat about me not being an economist). tl;dr… The impact would be less about a drop in USD demand directly causing a drop in the price of USD and more about a drop in the cumulative buying and selling leading to a less liquid market, which, along with international trade, is the other big reason to hold dollars. The rambling version… Many commodities being priced in USD creates a constant demand for dollars, setting a floor for the price. By definition, an increase in the volume of buyers and sellers at any given price improves liquidity and dampens volatility. While Gradual changes might mitigate some immediate volatility, a sudden shift away from USD rails could have pronounced effects on the price stability. We also assume that USD received in trade is instantly converted to local currency. Nations often use USD to buy foreign goods and usually have debt denominated in USD, so I expect that it is common to hold large USD reserves, and I’d expect these dollars would be kept in yield-baring cash equivalent vehicles, i.e. treasury bills. The US debt market must be the largest and most liquid market on the planet so I’d expect that it’s an excellent place to store dollars. High demand for US Treasuries also supports the USD's value by attracting international investors (who need dollars to buy these bonds). If the demand for US government debt drops because nations no longer need to hold significant dollar reserves for trade purposes, the liquidity in the dollar and these cash-equivalent assets will fall, making them less attractive to institutions/nation-states and potentially reducing the incentive for countries to hold these dollars in reserve. The longer-term issue for the US could be that a shortage of demand for dollar debt will raise the yield on US bonds, potentially ballooning debt interest payments... until the ole money printer goes buurrrrr meme reappears and the currency is further debased, further impacting price. So yeah, I think it's less about the lack of buying pressure and more about the lack of liquidity that results from a drop in cumulative buying and selling. However I'd expect that the current level of global debt denominated in USD will keep the demand side of the equation afloat for some time.
and how that will avoid manipulation of commodities prices? how that will bypass the feel per deal set by the BIS? it sounds like OPEC to me- manipulation of petrol price; it will probably expand to manipulation of rear metals and general all types of products an energy
Andy is unfortunately not seeing the big picture and keeps repeating the BRICS are sick of been treated so badly by the West. When the truth is they are all in on it to make it look like you have choice with a Good Cop V Bad Cop option. Except people are so gullible and the evidence they are all in on it is obvious. They all signed up to One World Gov in Rio and have always planned to move the Powers from West to East. Kissenger installed the CCP along with the bloodline families. Look at Atlantic Council CBDC'S tracker. Watch WEF conferences where BRICS countries are talking about CBDC'S and sustainable development aka ESG's. It's so obvious if you just take the time to look. Wake up people 😴
If I understood this correctly it would make a lot of sense for the ECB or 'Europe' to establish its own payments system and coin based on BTC (no gas fees, good longevity). I don't think sharing one with either BRICS or the USA is self-sufficient enough.
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 $800K.
@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Getting enough gold in one place to back a currency of any value would be quite a feat! It would also be a waste of a useful resource if it were just left in a vault......
@@2000toinfinityInstead of using a childish mocking 'laughing tears' emoji as a lazy response, why don't you explain to the commentor why you think they are wrong and educate us? I very much doubt that you laughed until you cried anyway. I look forward to your reply.
The main hindrance to a BRICS currency is the uneasy relationship between India and China due to border disputes. Now this issue is fixed with China pulling back its troops from indo-tibet border. With this development, a BRICS currency is no more a distant possibility.
Not gonna happen because … Using gold as the unit of account would be a gamechanger and lead to a sharp devaluation of many fiat currencies including the BRICS fiat currencies, vis-à-vis gold. It could make goods prices priced in fiat currencies explode and cause a shock to the global fiat money system
But if it was agreed that brics countries, by membership in the alliance, got their currencies backed by gold (to a reasonable extent) then their alliance would be immune to the inflation.
Also, they don't have enough gold to back a currency of any size. Also, these countries hate and mistrust one another, including recent border skirmishes, there is zero trust there.
Hear that news Binance just the got the greenlight to invest customers revenue into US Treasury Bonds..US Dollar could get stronger but it takes work and commitment
in your last comment you said that DXY is rising, and rising means stronger USD versus the basket of the other currencies it is weighed with but the question is who is financing this buying of USD that makes the DXY go up? the USA government says that they dont do Forex manipulations like China or even Japan (nowadays) but who has the financial mussel to keep buying USD so that the DXY goes up?
This is not necessarily a bad thing for the USA, as far as I understand that will make the US dollar cheaper, and therefore it will be easier for them to be competitive in the export market.
It is same as euro its still a collective economic value, it depend on each country, economic progress in the end of the day still it will be value on each country economy....
The Brics payment network would be pretty meaningless unless they got significant adoption. It’s like comparing Discovers credit card network again Mastercard and Visa.
Its not a matter of which country's currency use for international transactions. Its a matter of whether u can get sanction or assets seize, bullying into obeying instructions. If, a international transaction currency has such risks of using it. Then, its shouldn't be use as reserved currency. Speedup de dollarisation n ends all risk.
Currencies are a hard master. I will livestock see Brics agree on fixed exchange rates, interest rates and monetary policy when they do not even have a Bric free trade treaty
@@Snake87.77 Gold is old. It's literally in the name lol. The reasons gold failed us as good money after thousands of years, is because we live in a global economy now. You can't just ship $1bn to India. That costs insane amounts of money. And then you have to melt the gold and weigh it. BTC takes an hour and costs $100 max. Who will store the BRICS' gold? Will Brazil be kind enough to Fort Knox it all? Then it's centralized again; and you can't have that. It all leads to Bitcoin. The world doesn't go backward in tech. Why would returning to a gold standard be any different when we have digital gold now?
Bitcoin and Litecoin reward halving supply shock effect coming down the track……..🌊…….🏄♂️ Last ‘round of halvings’ signaled the beginnings of the 2019 - 2021 price surge! Litecoin now added to Bitcoin and Eth as the 3rd coin on Fidelity.📈
The thing that mbridge is built on ETH is fake news though. "The BIS also said the mBridge platform was now compatible with the Ethereum Virtual Machine - a piece of software that forms the backbone of the network used by the Ether cryptocurrency." As per BIS mBridge only became EVM compatible in recent times, if it had been developed on ethereum from the start it would have been natively EVM compatible from the beginning
BRICS has potential, but its internal divisions, the economic disparity among members, and the geopolitical challenges facing the group have so far limited its ability to meaningfully counterbalance U.S. or Western-led global financial and political systems. Right now, it does feel more like a forum for diplomatic engagement and, for airing frustrations with the Western-dominated order, rather than a cohesive alternative bloc.. And as the world is right now, its not gonna change, just get worse. Here is 4 reasons why Brics will never amount to anything. 1. Geopolitical tensions 2. Economic divergence. 3. internal discontent 4. lack of institutional development
People panic , about an new Money system, europe adopt The euro and nothing happend, it's the same for the bric. They Are allow to have their own money system, usa getting to worse impossing barriers for competitions.
Think Joe and the Fems are managing to blow up any hope of maintaining any control… Trump 2.0 is US last hope on this one…. Anything else’s for that matter..
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Ripple / Xrp … not eth.. eth will be on the xrpl .. disingenuous, Guy. Do better
Great explanation of BRICS and mBridge. Thank you for that.
South African here 👋🇿🇦 can definitely see a Brics crypto currency working in our country and many others simply because people are ready for change and want independence. This would provide that, bring it on!
No, it won't... It's gonna be a programmable shite with an expiry date
@@sterix_gg what's your evidence for that?
Observing
Brasil aqui. Concordo com você, será interessante para todos a moeda.
It will be a currency your (communist) government will be able to entirely track and control. Say something the government doesnt like? They can shut off your money and take it all. Spend too much on air conditioning? Well you reached your max limit.
Note they are trying to pull this shit everywhere BUT a CBDC like BRICS will do EXACTLY that.
Make no mistake. BRICS+ payment system will start with a “BRICS numeraire” pegged upon hard coin and tangible commodity” to calibrate exchange rate between national currency before settling bilaterial trade among BRICS+ member state and extendable to BRICS+ partner belt states whilst m-bridge as introduced by BIS is open to all central banks and regional banks of all nations for digital currency transaction.
So no Ethereum-based, but Ethereum infrastructure-based. No ETH price impact then. Good bait, guy!
HIVE to the moon.
@@lancedooley7558COCSLAP to the moon
Yeh I got happy there
you are missing the point, it will still participate in the devaluation of the dollar which will lead to promoting the whole crypto ecosystem
Thanks for saving me 22 minutes guys!
I don't like ethereum, why would anyone base a currency off of it? The fees for that coin rob everyone who has to use it.
It's a fork, so gas won't be an issue
look at it like BSC or FTM both EVM written in solidity but have 1000x cheaper fees than ETH, and much faster
and those 3-5 years ago tech, new ones might cost 0.0001 and finalize tx within a second
I agree gas fee is so high!!!
@@KnightCx as the demand increase so does the costs. Keep this in mind before talking nonsense
I totally agree. Gas prices are outrageous.
There are so many better chains why though?
There's a saying in India regarding American foreign policy...
"Aj American diplomat wouldn't even give a glass of water to his father without demanding something in return".
This is why BRICS was made.
Good luck when all your natural resources are going and own to China or Russia if you fail to pay.
This dollar crash movie is lasting more than the Simpsons
How?
You gonna wait 10 or more years then it’s done.
It is not crashing anytime soon
@@tamzidahmed9706 soon Is a relative word. It think 10-20 years is soon when you think about lifespan of world reserve currencies
Traditionally, China always plays the long game because it's a guaranteed win.
Rupees can also be used to transact in The Legend of Zelda.
😅😅😅😅
😂😂😂
DITCH THE GENO SIDE DOLLAR
Best comment on the internet of all time
😂😂😂
Very precise and Very informative, thank you..keep updating...
FEAR FEAR FEAR, SCARE SCARE SCARE, WATCH WATCH WATCH
Best comment!
Well other countries being leery of the US putting sanctions on them for sneezing is very real. Hard to trust America.
Yuh.. A bunch of countries that hate one another keep announcing that they'll do their own currency, one day, eventually..... :D
Best be terrified....
@bluetorpido5929 Your post-modern take on history is hilarious!
'exporting its colonial aggression '
May get you laid with a blue-haired college girl, but will only make the rest of us laugh...
BRICS is likewise a joke...
India and China have border conflicts right now...
Russia's economy is falling apart, and they would make a useless ally...
The rest are tiny economies.
Basing currency on gold is idiotic, we don't have enough gold to float a currency of any substance!
BRICS FUD is a clickbait joke...
I’ve been looking forward to a new BRICS specific release and you didn’t disappoint, Guy! I do think the entity will be more significant than we can imagine, it’s clear they’ve been making moves for a while now and will be interesting to see where things end up.
It is content like this that keeps me around. Thank you guy for the clarification.
Link is the biggest bridge at the moment for RWA, and BlackRock is going big on RWA
CCIP
Hey Guy, DXY is not rising. Not on the daily, not the weekly nor de monthly. And it’s about to go lower as it’s printing lower highs. Probably going towards 100. Correct me if I’m wrong please
Kiwi here 🙋🏾♂️NZD is Shite😂😂 i payed for electrical work done on my car with Crayfish and abalone 😎🤟🏾 and a box of beer. Old school ways to the fore
A box of beers is a currency
The NZ pm would take the beers and wine
Yeah, why not? As long as both sides are happy!
Lol a 20+ min video shilling ETH and not a single mention of XRP which is the main competitor of SWIFT and no.1 crypto for payments and bridge assets. Well done 🤡
Nothing to do with ETH per se . He said it will be modeled off of ETH if I understand correctly. I may be wrong
@@dshow1658 the point is he was blabbing incessantly about ETH but failed in over 20 mins to singularly mention XRP once. Flagrant bias.
Probably because XRP is the same exact price today as it was in September 2018 (seriously)
@@jimmybacas8003 price is irrelevant
xrp is not relevant...
Huge like! Thanks for the info
I’ve watched a dozen videos on the Embridge system and not one mentions Ethereum, you are certainly an Ethereum maxi and a bitcoin maxi
Thanks for covering this!
BRICS Nation long live 🎉😊🎉
Lol, your enjoyment of life and thr products you own. Thank thr usa. If it wasnt for the usa. You would be in thr stone age
@@theraise5243fake news. Whoever told you this nonsense has made a fool out of u
@@theraise5243lol US is already going back to Stone Age. Just wait for smother 30 years, my friend
Love your guys Content!
Incredible information, insight and analysis!! Thank you
Outstanding explanation of the BRICS payment system!
Once again, spot on 🎉🎉🎉
😂😂😂😂😂😂😂😂 “GIGADICK” 😭😭😭😭😭😭😭
medicines?
I think you explain better than the other two I respect them both for trying your story telling is compelling and thought provoking 😮
Thx! Great content and well explained.
Kidding right?😵💫
Peteodollar system with saudi is understood as a deal even if it wasn't formally written down
Thanks!
Excellent. Thanks
Very good and informative without sensationalising.
Nice video, as usual. :) FYI "Over and Out" is contradiction in radio procedure.
Great as always. thx
We got Guy back! \o/
What’s? He better than the flake!😵💫😂
6:39 😂 The Crypto Bros haha ❤😂
Fabulous intel and educational, as ever. However, I don't understand why lower demand for USD as a bridge currency impacts its value, as all the buying is balanced by equal selling as the dollars are exchanged to the target currency. I recognise the psychological and political impact dropping the USD as the primary bridge currency might have, but not any reduction in its value.
While at a high level it seems that the buying and selling of USD in these transactions would be neutral from a price perspective, I think there are more layers to this onion (cue the caveat about me not being an economist).
tl;dr…
The impact would be less about a drop in USD demand directly causing a drop in the price of USD and more about a drop in the cumulative buying and selling leading to a less liquid market, which, along with international trade, is the other big reason to hold dollars.
The rambling version…
Many commodities being priced in USD creates a constant demand for dollars, setting a floor for the price. By definition, an increase in the volume of buyers and sellers at any given price improves liquidity and dampens volatility. While Gradual changes might mitigate some immediate volatility, a sudden shift away from USD rails could have pronounced effects on the price stability.
We also assume that USD received in trade is instantly converted to local currency. Nations often use USD to buy foreign goods and usually have debt denominated in USD, so I expect that it is common to hold large USD reserves, and I’d expect these dollars would be kept in yield-baring cash equivalent vehicles, i.e. treasury bills. The US debt market must be the largest and most liquid market on the planet so I’d expect that it’s an excellent place to store dollars. High demand for US Treasuries also supports the USD's value by attracting international investors (who need dollars to buy these bonds). If the demand for US government debt drops because nations no longer need to hold significant dollar reserves for trade purposes, the liquidity in the dollar and these cash-equivalent assets will fall, making them less attractive to institutions/nation-states and potentially reducing the incentive for countries to hold these dollars in reserve. The longer-term issue for the US could be that a shortage of demand for dollar debt will raise the yield on US bonds, potentially ballooning debt interest payments... until the ole money printer goes buurrrrr meme reappears and the currency is further debased, further impacting price.
So yeah, I think it's less about the lack of buying pressure and more about the lack of liquidity that results from a drop in cumulative buying and selling. However I'd expect that the current level of global debt denominated in USD will keep the demand side of the equation afloat for some time.
mBridge has Ripple written all over it. If you'd have read the actual BIS papers, they name Ripple and Stellar directly.
Absolutely 💯
In your dreams😂
Agreed, they do mention XRP and Ripple (and Stellar) as an example but agree that nothing agreed upon yet, in BIS Working Papers 1112.
Ripple will be top dog 🐕 of financial system and CB will be putting the bins out in with the Eth and Sol shit coins
mBridge is actually Quant, not Ripple.
❤Thank you very much for your help and professional insight
and how that will avoid manipulation of commodities prices? how that will bypass the feel per deal set by the BIS? it sounds like OPEC to me- manipulation of petrol price; it will probably expand to manipulation of rear metals and general all types of products an energy
Andy Schectman is the person most informed on BRICS!
Andy is unfortunately not seeing the big picture and keeps repeating the BRICS are sick of been treated so badly by the West. When the truth is they are all in on it to make it look like you have choice with a Good Cop V Bad Cop option. Except people are so gullible and the evidence they are all in on it is obvious. They all signed up to One World Gov in Rio and have always planned to move the Powers from West to East. Kissenger installed the CCP along with the bloodline families. Look at Atlantic Council CBDC'S tracker. Watch WEF conferences where BRICS countries are talking about CBDC'S and sustainable development aka ESG's. It's so obvious if you just take the time to look. Wake up people 😴
Dude, two things that would disrupt the metals and bitcoin.
BRICS / EMP .
Also, if China says NO to bitcoin, and yes only to its CCPDC.
Watch Tether.
Tether is tethered to BTC
About time!!!!!
If I understood this correctly it would make a lot of sense for the ECB or 'Europe' to establish its own payments system and coin based on BTC (no gas fees, good longevity). I don't think sharing one with either BRICS or the USA is self-sufficient enough.
"Follow the Money" thanks Guy, good stuff!
M Bridge is doing the same thing as Swift telling me how much money I can save and spend? No i don't so I'll stick with prepaid cards instead thx.
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 $800K.
@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Getting enough gold in one place to back a currency of any value would be quite a feat!
It would also be a waste of a useful resource if it were just left in a vault......
XRP is the ledger settlement platform😊
😂
@@2000toinfinityInstead of using a childish mocking 'laughing tears' emoji as a lazy response, why don't you explain to the commentor why you think they are wrong and educate us? I very much doubt that you laughed until you cried anyway. I look forward to your reply.
I just watch this channel for the accents.
The main hindrance to a BRICS currency is the uneasy relationship between India and China due to border disputes. Now this issue is fixed with China pulling back its troops from indo-tibet border. With this development, a BRICS currency is no more a distant possibility.
That final bro was the rug
Not gonna happen because … Using gold as the unit of account would be a gamechanger and lead to a sharp devaluation of many fiat currencies including the BRICS fiat currencies, vis-à-vis gold. It could make goods prices priced in fiat currencies explode and cause a shock to the global fiat money system
But if it was agreed that brics countries, by membership in the alliance, got their currencies backed by gold (to a reasonable extent) then their alliance would be immune to the inflation.
That’s kind of the point
Also, they don't have enough gold to back a currency of any size.
Also, these countries hate and mistrust one another, including recent border skirmishes, there is zero trust there.
not really .Point BRICS using gold to dedolarization .When all country not using dollar ,America will collapse by GIGA VAGAS hyperinflation
Loved the humour, guys!
Hear that news Binance just the got the greenlight to invest customers revenue into US Treasury Bonds..US Dollar could get stronger but it takes work and commitment
Hopefully.
The best channel on the web or planet for real financial news.
in your last comment you said that DXY is rising, and rising means stronger USD versus the basket of the other currencies it is weighed with but the question is who is financing this buying of USD that makes the DXY go up? the USA government says that they dont do Forex manipulations like China or even Japan (nowadays) but who has the financial mussel to keep buying USD so that the DXY goes up?
Us
Definitely a Caste System in The New World Ecnomy, Wholesale Central Bank Digital Currency and Retail Central Bank Digital Currency...
Thats good news. Hope so
This is not necessarily a bad thing for the USA, as far as I understand that will make the US dollar cheaper, and therefore it will be easier for them to be competitive in the export market.
It is same as euro its still a collective economic value, it depend on each country, economic progress in the end of the day still it will be value on each country economy....
Dear Guy, look at the firm Endeavour and Reid Hoffman. That would give you an explosive vid.
There’s probably enough hot air on social media to power a wind turbine!
The Brics payment network would be pretty meaningless unless they got significant adoption. It’s like comparing Discovers credit card network again Mastercard and Visa.
Is mBridge using something like an XRP / XML currency transfer system?
No mention of the The Unit. I guess we'll have to wait until the Kazan summit in October.
Expect major announcements in Kazan as India-China border issue seems to be heading to a resolution
Sweet, the dollar goes down, Bitcoin goes up. I'm in 🙋♂️
Dollar Milkshake Theory
Brazil, Russia, India, and China what’s the common denominator?
HHAHAHHAAH THE BRO PODCAST u guys are geniuses hahahag❤❤❤
Its not a matter of which country's currency use for international transactions. Its a matter of whether u can get sanction or assets seize, bullying into obeying instructions. If, a international transaction currency has such risks of using it. Then, its shouldn't be use as reserved currency. Speedup de dollarisation n ends all risk.
This is great
The production of hydrogen gas lower than oil could provide 2,000% collateral for Stablecoin called Hydrogen Dollar.
No. Eth. Is not used by BRICS ; BRICs uses teather. Russia announced BRICS to form their own crypto.
I would consider the name BRIX to be the best because it identifies the name of the grouping, and the X expresses the possibility of expansion.
Currencies are a hard master.
I will livestock see Brics agree on fixed exchange rates, interest rates and monetary policy when they do not even have a Bric free trade treaty
guy, get a tablet in your hands so you dont move them all the time! even if the tablet is off it will help! thanks for the video it was awesome !
Gold backed crypto based currency.
Exciting!
Finternet + mBridge = TC307 = Overledger = Quant.
This is just a whole video about how Quant QNT is solving this problem. But not naming quant at all as always..
Why qnt and not link
@@utilityplayer-yo7bt Yep, seems like LINK is a much closer fit. Especially with Chainlinks connection/partnership with SWIFT
One Love!
Always forward, never ever backward!!
☀☀☀
💚💛❤
🙏🏿🙏🙏🏼
BRICS' mBridge....Bitcoin fixes this
BTC 🤮🤮🤮🤮🤮. Gold fix this
The U.S. banking system will just develop a currency system with other countries that have Bitcoin involved
You’re kidding right… Bitcoin won’t be a solution for any new financial system…
Redundant Ponzi thought bubble
@@Snake87.77 Gold is old. It's literally in the name lol. The reasons gold failed us as good money after thousands of years, is because we live in a global economy now.
You can't just ship $1bn to India. That costs insane amounts of money. And then you have to melt the gold and weigh it.
BTC takes an hour and costs $100 max.
Who will store the BRICS' gold? Will Brazil be kind enough to Fort Knox it all? Then it's centralized again; and you can't have that.
It all leads to Bitcoin. The world doesn't go backward in tech. Why would returning to a gold standard be any different when we have digital gold now?
BRO, THAT IS THE BEST SKIT EVER! ...BRO!!! 💪😎🇺🇸
The best part of this is the "I told ya So!"
Bitcoin and Litecoin reward halving supply shock effect coming down the track……..🌊…….🏄♂️
Last ‘round of halvings’ signaled the beginnings of the 2019 - 2021 price surge!
Litecoin now added to Bitcoin and Eth as the 3rd coin on Fidelity.📈
The thing that mbridge is built on ETH is fake news though. "The BIS also said the mBridge platform was now compatible with the Ethereum Virtual Machine - a piece of software that forms the backbone of the network used by the Ether cryptocurrency." As per BIS mBridge only became EVM compatible in recent times, if it had been developed on ethereum from the start it would have been natively EVM compatible from the beginning
Guy did you get married? CONGRATULATIONS!!! Many blessings to you and yours. 💝
Thx
Hilarious plug for the deals page haha
XRP is a bridge currency token, could or is it being used by mBridge?
Shhhh, Guy hates XRP…. Yes he’s a clickbate gauge
@@andrewwickham4642 yeah, he never r utters XRP out his lips, been suspect of him,
Thanks guy !
Guy any chance of a video on your take of iso regulation and future use cases
BRICS has potential, but its internal divisions, the economic disparity among members, and the geopolitical challenges facing the group have so far limited its ability to meaningfully counterbalance U.S. or Western-led global financial and political systems. Right now, it does feel more like a forum for diplomatic engagement and, for airing frustrations with the Western-dominated order, rather than a cohesive alternative bloc..
And as the world is right now, its not gonna change, just get worse.
Here is 4 reasons why Brics will never amount to anything.
1. Geopolitical tensions
2. Economic divergence.
3. internal discontent
4. lack of institutional development
Did anyone see the petrodollar agreement on paper? It never existed I am afraid.
People panic , about an new
Money system, europe adopt
The euro and nothing happend, it's the same for the bric. They
Are allow to have their own money system, usa getting to worse impossing barriers for competitions.
Countries are turning around and buying Gold with the currency they don’t want or need.
We're fuxked, swap one corrupt system for another ❤.
Yep the xrp symbol is the system flip
That’s a given!
3:01 Currency to rival USA is a huge risk, Americans need to actively manage this risk- please.
Think Joe and the Fems are managing to blow up any hope of maintaining any control… Trump 2.0 is US last hope on this one…. Anything else’s for that matter..
The Soon to be Released
Brics currency Backed by Commodities and Precious metals and hydrocarbons will be Valued at $125 USD FOR $1 B RICS Dollar
we need to know when estimately... we already know, brics is going to crush the USD. so that we can prepare.
Sounds like XRP is so suited for this situation.
it suits to trash
its not stable or pegged to anything. xrp is a scam
XRP is a dino coin headed to zero
Funny how XRP is never mentioned.
It’s literally in the middle of everything!
NDA
All the world’s a stage!
Definitely not xrp