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
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 subject to numerous economic, political, and logistical considerations.
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..
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "Colleen Janie Towe" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
The use of more currencies is an indisputable truism! The BEST WAY is valided ALL CURRENCIES at the SAME LEVEL. Discarding the dollar by creating another currency in its place is exchanging 6 for half a dozen. Swap the right for the doubtful! Another currency means DISCARDING other currencies from dozens of countries. This would scare those interested, as currency is national sovereignty and speculators would dictate the rules. BRICS, through its bank, must act as a moderator, guarantor of the contracts. Through EXCHANGE HEDGE, or some contract insurance. Example: an importer imports goods from Russia valued at 10 million rubles, let's say 3 million reais on the day of purchase. Through currency hedging, BRICS BANK guarantees that the parties receive exactly what is in the contract, regardless of the term. If the importer in this case wants to pay with Saudi Arabian currency, that's fine, with African currency, nothing changes. This Brics Bank guarantee would include any currency in the world, even for countries that are not part of the bloc. Including the US dollar. Dedollarizing does not mean MARGINALIZING any currency, otherwise it is not a serious thing.
For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@@joshbarney114 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.
@@FabioOdelega876 Actually, I've shuffled through a few advisors in the past, and “Colleen Janie Towe” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her credentials can be found on the net, so you can confirm yourself.
I have not even gotten to the end of your video and so appreciative of the fact that you got to it within the first 30 seconds. No, you can't buy brics, it works differently. I wish I could give you a superstar rating just for answering the question succinctly
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Catherine Morrison Evans, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.
@@hermanramos7092 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
@@marlotree6909 Agreed. Going into a globalized future with 15th Century "gold" mindset is lunacy. China has proven herself not to be unintelligent, and I don't think they want any part of being a sole global reserve currency. If you haven't already, please research DAO (decentralized autonomous organization). A decentralized autonomous organization (DAO) is an blockchain based, fully democratized, unhackable system, *that has no central governing body.* Its members share a common goal to act in the best interest of the entity. It is basically like a quasi-AI software program, that once its established, *NO HUMAN CAN ALTER IT.* It can only be modified by a majority consensus of its members. Again, research it yourself.
I wouldn't mentioned SDR in relation to BRICS because SDR is USD-based. BRICS common currency is not union currency as EUR but more as a unit of account for trade, e.g. ECU and СЭВ (Council for Mutual Economic Assistance ) ruble. It is expected that BRICS common currency will be digital and pegged to gold (even certified bullions). Any country (include USA) will be able to joint this new digital ecosystem to use its national currency for cross-border payments. National currencies will stay within their national jurisdictions. BRICS common currency will be used for exchange between other currencies purposes and be hidden for the end-users.
Speaking about BRICS,I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence,has helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
Can't divulge much, it's only right you do your due diligence. I'm been guided by Olivia Maria Lucas and most likely, the internet is where you will find her deets.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I believe BRICS does not intend to come up with a single BRICS currency ..at least not for now, however, BRICS will announce that they will trade among themselves using ONLY local BRICS currencies ..and ALSO, they will sell/trade their goods/commodities and services ONLY in BRICS local currencies ..THIS IS enough to greatly speed up the de dollarization
The brics association that will be established needs to create a currency that is based on the value of gold, not the value of the currency of the members of the organization
This can REALLY bring total collapse for the countries involved. All of them are corrupt, with a long history of hyperinflation. India being the only one with relatively small inflation. Would YOU trust your money to a country that had 280% inflation per year averaged for FORTY years!!! This translates to 2,5 billion % of cumulative inflation in Brazil in the last 40 years. SA is falling apart, Ru is bleeding, China on the verge of deep crisis. There is talk of ARGENTINA joining them. 🤣🤣🤣🤣🤣 The GRAND MASTERS of corrupt and failing country for decades. ANYONE buying into this is insane.
Anything that can protect your money from US or EU sanctions is welcome. A weaponized currency is the worst policy in this 21s century for global trade.
@sam123sder Was it silly to ignore Russias warmongering when they occupied Gerogian parts, then Crimea? ;) Ignorance always has a price. Though I would not look into the BRICS very seriously, because it is ruled by 2 troll countries: China, Russia :) If you write up a contract with Russia these days it has the same worth as toilet paper or troll message in youtube. Everyone knows that Russia does whatever they want - no laws apply. China does respect some things, but if the situation is good for China and only a contract is in a way ;) That means contract never existed :DD These countries do not abide by same laws as wester countries do. Don't have illusions that they do ;)
I will forever be grateful to you, you've changed my whole life I'll continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs Jane
I'm from Egypt I used to take loan from the bank for surviver but after trading with expert Mrs Jane she changed my financial status for real I'm now a creditor not a debtor anymore
You can buy the brick's currency indirectly because it's made for It's made so. That certain countries can trade abroad. So you would invest in the items that 1 country needs from another country. Knowing that it will be a lot simpler for them to trade. Now that they would not need the dollar.
Thanks for that bit of information. How do you see this possible change bring about cbdc? Also would the US devalue and how will it affect the Jamaican economy?
Foreign currencies should fairly be tied to the inflation as live interest rates of each country. Each importing country would pay that interest rate to each country holding that country’s currency. Bankruptcy would necessitate the countries resources of value before said action.
Do not confuse dedollarisation with RMB internationalisation. RMB will not replace USD or Euro for international trade settlement, but the gold backed BRICS currency will take a huge chunk of the pie. The BRICS currency is the only non fiat currency. All other world currencies including USD, Euro, RMB etc are fiat currencies. .
You might be right but that will take decades not years! The US dollar consumption will continue as long as BRICS national debts remain pegged to the dollar. China is the biggest user of the US Dollar as a reserve currency, this is just a fact of life
I am amazed that so many people think BRICS is the answer to wealth especially in the African continent. There are only two winners and that is China and Russia who successfully use the model to avoid sanctions! As BRICS commercial models will conduct trade using individual currencies do you really think China wants the worthless Iranian currency gathering dust in some financial cave? No! Unless Nigeria does something amazing they will not get membership either, China wants strong currency like Saudi, UAE and Kuwait not Bukino Faso or Niger
Brics currency needs support of many countries. Will countries trust & trade with them if they know brics leaders have untrustworthy & questionable reputation.
Countries around the world are already trading with each other. China is one of the biggest traders with many countries. So why feel untrustworthy now? when they have been trading for so many years
Ronald That’s precisely the case for the need of the BRICS currency. The USA has proven most untrustworthy and doesn’t even care about its super bad reputation. Dedollarisation is not for convenience or just an alternative now, it’s an absolute necessity to protect wealth and trade of other nations.
So if BRICS is going to be a settlement currency rather than a consumption currency, where does that leave BTC as its future is also likely to be a settlement & transfer currency?
What is the best way for the average American to take their dollars and move them into other foreign currencies? Can you pretty please do a video on this? Thanks in advance for your consideration
We bought a place in Turkiye and had to pay the governments share (which they give to the owner, mostly) in US dollars even though we're not American. The exchange was brutal and I felt like it should have been in TL! I hope this changes. Americans have their fingers in all the pies!
It's time for the BRICS - New World Order to establish a default reserve currency or consider returning to the gold standard. Dealing with daily fluctuations in exchange rates for each country's currency would lead to excessive chaos.
Investors should be cautious with their investments, especially in times of inflation. Achieving substantial returns during economic challenges often requires the guidance of a professional or a trusted advisor.
Its been a year and the BRICS still has no official single currency. I would love to see that though. But people must stop hyping such news. I have been hearing about this for about 5years now.
Its not BRICS dollars. You can call it BRICS Money for communication purposes. We call for it BRICS pay system. . . Calling it BRICS dollar is exactly the reason why the system had to be put in place 🇿🇦♥️🇷🇺
BRICS currency will be used among the BRICS countries, but trade with non-Brics countries will continue with US Dollar or Euro. What is the exchange rate between the B-Currency and the US Dollar and Euro is the basic question. We do not know that yet. Euro has not replaced the US Dollar. Similarly, BRICS currency will not replace US Dollar.
Every thing is possible when agreed upon by all its members. lts up to BRICS members to agree to that or not nothing from outsiders can stop them in doing that
I thinkCan anybody explain how the exchange rate will wrk across the BRICS ? I think china will be a probem-maker. All country will keep on their currency but a BRICS-Currence will be onlly for a trade. That makes sense..but agreeing to what factor will not be easy.
I think the best way forward for non US dollar transaction is to use the Chinese gold backed Yuan as a medium of exchange . China will be encouraged to buy heavily from these nations instead of from non BRICS nations. This way most countries will have enough Yuan to trade among themselves. In a way the digital Yuan can be converted to the BRICS currency is one way . Countries can use their national currencies to buy the BRICS currency to trade
Surely BRICS is a trading Union, started to have more equal opportunities to trade with each other ….however this is the only way it will be to benefit trading with each other and a more fair trading environment with the traditional G7 who seems to be the only countries able to be prosperous…that is not fair trade ‼️ So the Third world simply don’t have the same opportunities and economic power to trade on the world markets thus hugely marginalised and can’t ever catch up to the G7 countries thus stay poor and marginalised forever. But Having their own single currency and own supply chains for all BRICS members the third world countries and members can become self sufficient with each other and should the G7 countries want to trade with BRICS countries they have a currency in which they can do so…furthermore supply chains can trade at their own Union currencies with each others as well..but price is what will be the only determining factor…ie the cheaper you the more you sell ‼️ Best for BRICS supply chains can now have the opportunity to do their own manufacturing and supply at lower cost that to land from USA, UK and Europe to the rest of the members based their own Union currency…following the only successful business principle of working on production of bulk huge volumes at cheaper prices…ie the more you buy the cheaper the price…thus supplying products at far cheaper prices due to bigger and greater demands….thus should people in the G7 countries want to buy from the BRICS Union they will by at a better price and thus increase the trade for The BRICS membership’s countries. Further advantages are also geographic distribution for supply chains to be developed also have opportunities. The current eg of Mexico…most people come to Mexico for cheaper medications and plastic surgery….so the cheaper your prices the more you sell . The answer is undercutting prices always always is the fastest way to become profitable ‼️ Further giving up your currency is not a bad thing because a currency for BRICS union will be stronger against the Dollar, Pound and Euro and better for trade than under weak current currencies for membership countries ⁉️‼️ Furthermore if you are part of BRICS you can’t like India currently have to invests in UK for the new manufacturing contract for Tata’s Ownership of Jaguar and Rover …BRICS need to start it own manufacturing for the motorcar industry to stay in BRICS …you can’t be in bed with the G7 while being part of BRICS…you can have trade agreements. Eg it will be like UK hanging on to British Pound while trading with Europe without having giving up the pound thereby they have benefited from both currencies which is ‘Unfair Trade’ to the rest of the world hence Brexit was born
All countries are corrupt. Some of the worst people like being in politics and being in power. Some just hide it better than others. All some people are trying to do is diversify their portfolios in case sh*t hits the fan. We can still provide for our families. I dont trust any government, and neither should you. I wish you the best. Hope things pan out for you.
We are witnessing the mark of the beast in development. The bible unraveling infront of everyones eyes and everyone is asleep at the wheel. Jesus is coming back soon.
kahit anong mangyari hindi ppyag ang the most relevant sa gusto ng BRICKS dadaan muna sila sa aking mga kamay.... peso dollar lng ang may KARAPATAN.... kahit ang World Bank kayang patunayan yan....
Brics just announced it will be backed by gold. If its not a physical currency then I dont know how that will work. If its not physical then that means each currency will be backed by gold. Either that or the gold backing is a lie.
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
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 subject to numerous economic, political, and logistical considerations.
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..
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "Colleen Janie Towe" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
The use of more currencies is an indisputable truism! The BEST WAY is valided ALL CURRENCIES at the SAME LEVEL. Discarding the dollar by creating another currency in its place is exchanging 6 for half a dozen. Swap the right for the doubtful! Another currency means DISCARDING other currencies from dozens of countries. This would scare those interested, as currency is national sovereignty and speculators would dictate the rules. BRICS, through its bank, must act as a moderator, guarantor of the contracts. Through EXCHANGE HEDGE, or some contract insurance. Example: an importer imports goods from Russia valued at 10 million rubles, let's say 3 million reais on the day of purchase. Through currency hedging, BRICS BANK guarantees that the parties receive exactly what is in the contract, regardless of the term. If the importer in this case wants to pay with Saudi Arabian currency, that's fine, with African currency, nothing changes. This Brics Bank guarantee would include any currency in the world, even for countries that are not part of the bloc. Including the US dollar. Dedollarizing does not mean MARGINALIZING any currency, otherwise it is not a serious thing.
I think BRICS will move forward quickly. Jamaica needs to join BRICS, too.
so does Türkiye
For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@@joshbarney114 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.
@@FabioOdelega876 Actually, I've shuffled through a few advisors in the past, and “Colleen Janie Towe” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her credentials can be found on the net, so you can confirm yourself.
@@joshbarney114 Thanks for the contributions, I just skimmed through Colleen Janie Towe webpage, interesting stuff, wrote her an email.
I have not even gotten to the end of your video and so appreciative of the fact that you got to it within the first 30 seconds. No, you can't buy brics, it works differently. I wish I could give you a superstar rating just for answering the question succinctly
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Catherine Morrison Evans, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.
@@hermanramos7092 How can i reach her, because I’m seeking for a more effective investment approach on my saving.
@@Oly_laura Catherine Morrison Evans maintains an online presence that can be easily found through a simple search of her name on the internet.
@@hermanramos7092 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
Just buy physical gold preferably certified bullion. It is after all what BRICS I'd based on.
Thank you
Until one day it's not 🤯
Correction:
Bricspay will be backed by commodities eg oil, food etc, not just gold!! This is huge for mankind.
@@marlotree6909 Agreed. Going into a globalized future with 15th Century "gold" mindset is lunacy. China has proven herself not to be unintelligent, and I don't think they want any part of being a sole global reserve currency. If you haven't already, please research DAO (decentralized autonomous organization).
A decentralized autonomous organization (DAO) is an blockchain based, fully democratized, unhackable system, *that has no central governing body.* Its members share a common goal to act in the best interest of the entity. It is basically like a quasi-AI software program, that once its established, *NO HUMAN CAN ALTER IT.* It can only be modified by a majority consensus of its members. Again, research it yourself.
@@marlotree6909 That's good to hear, backing the currency on commodities, intellectual property, work force productivity that should be even better
I wouldn't mentioned SDR in relation to BRICS because SDR is USD-based. BRICS common currency is not union currency as EUR but more as a unit of account for trade, e.g. ECU and СЭВ (Council for Mutual Economic Assistance ) ruble. It is expected that BRICS common currency will be digital and pegged to gold (even certified bullions). Any country (include USA) will be able to joint this new digital ecosystem to use its national currency for cross-border payments. National currencies will stay within their national jurisdictions. BRICS common currency will be used for exchange between other currencies purposes and be hidden for the end-users.
XRP
xrp holding my bags
Interesting you mention technology leading to mark of beast system
The 😅
WILL BRICS BE A COIN YOU CAN PURCHACE LIKE CRYPTO? OR WILL THIS BE OFF LIMITS TO ANYONE LIKE SAID IN THIS BROADCAST? PLEASE REPOND. I APPRICIATE YOU
Speaking about BRICS,I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.
The market has gone berserk! regardless of experience level, everyone needs some sort of coach at some point to thrive forward.
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence,has helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
How can I contact your
coach as my portfolio is dwindling?
Can't divulge much, it's only right you do your due diligence. I'm been guided by Olivia Maria Lucas and most likely, the internet is where you will find her deets.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Thankyou for clearing this up for me!
I believe BRICS does not intend to come up with a single BRICS currency ..at least not for now, however, BRICS will announce that they will trade among themselves using ONLY local BRICS currencies ..and ALSO, they will sell/trade their goods/commodities and services ONLY in BRICS local currencies ..THIS IS enough to greatly speed up the de dollarization
Yes, that is the intention
That's sounds logical 🤔 a crypto currency of some sort.
The brics association that will be established needs to create a currency that is based on the value of gold, not the value of the currency of the members of the organization
common currency will be a new reference point for valuation without USD. Existing currencies will be mapped to that
So you go and base your money on gold, that’s a great idea until someone tanks the value of gold and now your money is worthless
This can REALLY bring total collapse for the countries involved. All of them are corrupt, with a long history of hyperinflation. India being the only one with relatively small inflation.
Would YOU trust your money to a country that had 280% inflation per year averaged for FORTY years!!! This translates to 2,5 billion % of cumulative inflation in Brazil in the last 40 years.
SA is falling apart, Ru is bleeding, China on the verge of deep crisis.
There is talk of ARGENTINA joining them. 🤣🤣🤣🤣🤣 The GRAND MASTERS of corrupt and failing country for decades.
ANYONE buying into this is insane.
Well explained 👏 Thank you
Thank you my sister for keeping this info short sweet and to the point
Thankyou this was very Informative:)
Anything that can protect your money from US or EU sanctions is welcome. A weaponized currency is the worst policy in this 21s century for global trade.
Do you honestly think brics currency will not be weponized . It's the whole reason for doing this , it's called get back , a tic for tack
@sam123sder it's actually still the number 1 currency. This is going to take at least 10 years if it does succeed
@sam123sder Was it silly to ignore Russias warmongering when they occupied Gerogian parts, then Crimea? ;) Ignorance always has a price. Though I would not look into the BRICS very seriously, because it is ruled by 2 troll countries: China, Russia :) If you write up a contract with Russia these days it has the same worth as toilet paper or troll message in youtube. Everyone knows that Russia does whatever they want - no laws apply. China does respect some things, but if the situation is good for China and only a contract is in a way ;) That means contract never existed :DD These countries do not abide by same laws as wester countries do. Don't have illusions that they do ;)
@sam123sder Russia did it to themselves attacking a country for no reason
@sam123sder like now how rissia is trying to weponize food grain from Ukraine
I will forever be grateful to you, you've changed my whole life I'll continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs Jane
I meet Mrs'Jane in a conference at Washington DC and after giving her speech,
it was very nice opportune for me, and I started investing with her.
I'm from Egypt I used to take loan from the bank for surviver but after trading with expert Mrs Jane she changed my financial status for real I'm now a creditor not a debtor anymore
Mrs Jane is a scammer
Chinese currency doesn't start with R but Y, Yuan
Whar about RenMinby ? Ehhhh ?!
Great info!! Thanks for keeping us informed.
Thank you for this information.
You can buy the brick's currency indirectly because it's made for It's made so. That certain countries can trade abroad. So you would invest in the items that 1 country needs from another country. Knowing that it will be a lot simpler for them to trade. Now that they would not need the dollar.
Where and how do you buy BRICS token from an BRICS official online? There too many pools and scam on.
Thank you understandable explanation regarding BRICS
Thanks for an easy to understand analysis
Thank you kalilhah
Thanks for that bit of information. How do you see this possible change bring about cbdc? Also would the US devalue and how will it affect the Jamaican economy?
Can you buy gold and silver coins in Jamaica?
Foreign currencies should fairly be tied to the inflation as live interest rates of each country. Each importing country would pay that interest rate to each country holding that country’s currency. Bankruptcy would necessitate the countries resources of value before said action.
Am happy, and I didn't know that BRICS currency start with R. Wishing them well.
Do not confuse dedollarisation with RMB internationalisation. RMB will not replace USD or Euro for international trade settlement, but the gold backed BRICS currency will take a huge chunk of the pie.
The BRICS currency is the only non fiat currency. All other world currencies including USD, Euro, RMB etc are fiat currencies.
.
Where and how do you buy BRICS token from an BRICS official online? There too many pools and scam on.
You might be right but that will take decades not years! The US dollar consumption will continue as long as BRICS national debts remain pegged to the dollar. China is the biggest user of the US Dollar as a reserve currency, this is just a fact of life
I am amazed that so many people think BRICS is the answer to wealth especially in the African continent. There are only two winners and that is China and Russia who successfully use the model to avoid sanctions! As BRICS commercial models will conduct trade using individual currencies do you really think China wants the worthless Iranian currency gathering dust in some financial cave? No! Unless Nigeria does something amazing they will not get membership either, China wants strong currency like Saudi, UAE and Kuwait not Bukino Faso or Niger
This currency lets support brics plzz us AFRICA'S
Sure. By-design.
Brics currency needs support of many countries. Will countries trust & trade with them if they know brics leaders have untrustworthy & questionable reputation.
it will be by design. Other countries may use it between themselves.
Is America trustworthy????
Countries around the world are already trading with each other. China is one of the biggest traders with many countries. So why feel untrustworthy now? when they have been trading for so many years
Yep, we need trustworthy truth tellers like bush and nixon..
Ronald
That’s precisely the case for the need of the BRICS currency.
The USA has proven most untrustworthy and doesn’t even care about its super bad reputation.
Dedollarisation is not for convenience or just an alternative now, it’s an absolute necessity to protect wealth and trade of other nations.
When do you think the equivalent of Swift be up and running?
💯 Very informative 🙌🏾
Yeessss, its possible
Brics Reserve Currency called ONE ( OES) , just my thought!! 💥
My Wife is Filipina, a Philippine citizen, can she purchase what might be considered (BRICS CURRENCY) ???
No.
Philippine is under USA, unless they give up west ph sea and stand by china they can be included in brics
Can the brics stocks be bought though?
They will control what you can buy
As a South African I love the idea but wondered how ? we have one currency exchange like the Iro, no dice, well, wait and see? Smells fishy.
So if BRICS is going to be a settlement currency rather than a consumption currency, where does that leave BTC as its future is also likely to be a settlement & transfer currency?
So is she saying i cannot buy brics stock currency?because its up a huge percentage on the stock market and im trying to see if i can invest in it
Love to buy some for a souvenir
Both the British Pound and the Euro currency were both active before Brexit.
Buy with what currency? Us$ NOT accepted, buy only with Gold.
the answer is that pattern too on how the € currency come into work.
Will brics currency be backed by anything like gold?
Your content is interesting. I am moving more of money y fiat currency into precious metals. They are accepted all over the World.
So brics dollar can’t be traded like forex right?
No
What is the best way for the average American to take their dollars and move them into other foreign currencies? Can you pretty please do a video on this? Thanks in advance for your consideration
Well the Chinese Yuan does not start with an R
Official currency of China is Renminbi
We bought a place in Turkiye and had to pay the governments share (which they give to the owner, mostly) in US dollars even though we're not American. The exchange was brutal and I felt like it should have been in TL! I hope this changes. Americans have their fingers in all the pies!
Congratulations
It's time for the BRICS - New World Order to establish a default reserve currency or consider returning to the gold standard. Dealing with daily fluctuations in exchange rates for each country's currency would lead to excessive chaos.
Investors should be cautious with their investments, especially in times of inflation. Achieving substantial returns during economic challenges often requires the guidance of a professional or a trusted advisor.
How can I get in touch with your advisor? I'm looking for a more effective investment strategy for my savings.
If the EU currency is not working , and many countries have the euro reserve. What makes the Bric work??
Currency is time through texting. No cloud,blockchain or exchange rates.
Its been a year and the BRICS still has no official single currency. I would love to see that though. But people must stop hyping such news. I have been hearing about this for about 5years now.
coming in indian media that BRICS currency will be printed in India
Hey there, I was wondering if you have heard and informed yourself about NSRT token? It’s new Silk Road token by BRICS.
Yes. Digitalbankbrics.com - NSRT
I bought it two years ago for $20 and now its price is $120.
@@farneltrade2600 which exchange can I buy it ?
@@farneltrade2600 somehow when I Google the price it says 26.70$ tho not 120$ am I looking at the wrong one ?
@@farneltrade2600 I know. On April 17, in MetaMask, I saw the rate of this currency at $142.
Its not BRICS dollars. You can call it BRICS Money for communication purposes. We call for it BRICS pay system. . . Calling it BRICS dollar is exactly the reason why the system had to be put in place 🇿🇦♥️🇷🇺
this is a way not to involve with USD .... while trading among members.
BRICS currency will be used among the BRICS countries, but trade with non-Brics countries will continue with US Dollar or Euro. What is the exchange rate between the B-Currency and the US Dollar and Euro is the basic question. We do not know that yet.
Euro has not replaced the US Dollar. Similarly, BRICS currency will not replace US Dollar.
Oh my!
So how would we trade with BRICS! can we have a BRICS WALLET like Bit coin
*Latest info after Brics 2024 summit. You can buy Brics money... BUT with physical Gold.*
Yes is it must we will with all of our hearts ❤. The us dollar's bin having them time ?
I wonder if Uganda will become the newest BRICS member.
Very well articulated. Thank you!
Every thing is possible when agreed upon by all its members. lts up to BRICS members to agree to that or not nothing from outsiders can stop them in doing that
Poland still uses its own currency ....not euro
I thinkCan anybody explain how the exchange rate will wrk across the BRICS ?
I think china will be a probem-maker.
All country will keep on their currency but a BRICS-Currence will be onlly for a trade. That makes sense..but agreeing to what factor will not be easy.
Gold and silver is a form of exchange.
Best way is buy gold then keep it..
I think the best way forward for non US dollar transaction is to use the Chinese gold backed Yuan as a medium of exchange . China will be encouraged to buy heavily from these nations instead of from non BRICS nations. This way most countries will have enough Yuan to trade among themselves.
In a way the digital Yuan can be converted to the BRICS currency is one way .
Countries can use their national currencies to buy the BRICS currency to trade
No
if we start to use gold as currency again, the prophecy of Islam will be fullfiled.
BRIC$ work, got gold talk, no gold walk.....
Brics5 : Brazil, Russia, India, China, South Africa
Surely BRICS is a trading Union, started to have more equal opportunities to trade with each other ….however this is the only way it will be to benefit trading with each other and a more fair trading environment with the traditional G7 who seems to be the only countries able to be prosperous…that is not fair trade ‼️
So the Third world simply don’t have the same opportunities and economic power to trade on the world markets thus hugely marginalised and can’t ever catch up to the G7 countries thus stay poor and marginalised forever.
But Having their own single currency and own supply chains for all BRICS members the third world countries and members can become self sufficient with each other and should the G7 countries want to trade with BRICS countries they have a currency in which they can do so…furthermore supply chains can trade at their own Union currencies with each others as well..but price is what will be the only determining factor…ie the cheaper you the more you sell ‼️
Best for BRICS supply chains can now have the opportunity to do their own manufacturing and supply at lower cost that to land from USA, UK and Europe to the rest of the members based their own Union currency…following the only successful business principle of working on production of bulk huge volumes at cheaper prices…ie the more you buy the cheaper the price…thus supplying products at far cheaper prices due to bigger and greater demands….thus should people in the G7 countries want to buy from the BRICS Union they will by at a better price and thus increase the trade for The BRICS membership’s countries.
Further advantages are also geographic distribution for supply chains to be developed also have opportunities.
The current eg of Mexico…most people come to Mexico for cheaper medications and plastic surgery….so the cheaper your prices the more you sell . The answer is undercutting prices always always is the fastest way to become profitable ‼️
Further giving up your currency is not a bad thing because a currency for BRICS union will be stronger against the Dollar, Pound and Euro and better for trade than under weak current currencies for membership countries ⁉️‼️
Furthermore if you are part of BRICS you can’t like India currently have to invests in UK for the new manufacturing contract for Tata’s Ownership of Jaguar and Rover …BRICS need to start it own manufacturing for the motorcar industry to stay in BRICS …you can’t be in bed with the G7 while being part of BRICS…you can have trade agreements.
Eg it will be like UK hanging on to British Pound while trading with Europe without having giving up the pound thereby they have benefited from both currencies which is ‘Unfair Trade’ to the rest of the world hence Brexit was born
Your wrong. You can buy all Brics country monies. But you don't need to. Just buy GOLD and you will have all currency for any country on earth..🤑🤑🤑🤑
Like bitcoin. You don't have to carry it around like gold.
So..The local currency will be strong..❤
Hello am here watching
Alternatively you can still buy gold because BRICS currency is actually being backed by gold.
Is the BRICS new currency coming before of after the war between China and India over their border?
I haven't seen anyone so happy about buying currency from corrupt countries.
All countries are corrupt. Some of the worst people like being in politics and being in power. Some just hide it better than others. All some people are trying to do is diversify their portfolios in case sh*t hits the fan. We can still provide for our families. I dont trust any government, and neither should you. I wish you the best. Hope things pan out for you.
Who walks and talks the oils....? No worries about the money. Everything is in a good hand. Lets see.
A como el intercambio del peso????
You killed gaddafi but you cannot kill gaddafis idea...
Currency is time by texting,no cloud,blockchain,exchange rate..
Will it take over US dollars ..?
Is China's currency called the Yuan?
Clear
Yes if it must we'll and very good. As we bin for they us dollar's.?
I can't waste that time. Dollar is all wat I have faith in for life. I don't want to become broke.
Yes i will buy BRICKS DOLLARS.
Jam dex is a BRICS CURRENCY
No it is s digital currecy guys?
We are witnessing the mark of the beast in development. The bible unraveling infront of everyones eyes and everyone is asleep at the wheel. Jesus is coming back soon.
Impossible dreams
kahit anong mangyari hindi ppyag ang the most relevant sa gusto ng BRICKS
dadaan muna sila sa aking mga kamay....
peso dollar lng ang may KARAPATAN.... kahit ang World Bank kayang patunayan yan....
Just buy GOLD thats the new currency.
Brics just announced it will be backed by gold. If its not a physical currency then I dont know how that will work. If its not physical then that means each currency will be backed by gold. Either that or the gold backing is a lie.
The USA dollar will still remain KING in spite of whatever currency is introduced as long as USA economy remains the most powerful in the world.