“BRICS vs Dollar”: The New Economic Battle?
(https://www.youtube.com/watch?v=pXaTYkfBJkE)
The economic landscape is shifting, and the BRICS nations are taking centre stage in the battle against the US dollar’s dominance. As the world’s emerging economies, Brazil, Russia, India, China, and South Africa are forming a united front to challenge the dollar’s status as the global reserve currency. But what does this mean for the global economy, and can the BRICS nations succeed in their quest for economic independence? In this video, we’ll dive into the implications of a BRICS-led economic shift and explore the possibilities of a new world order. From the rise of alternative currencies to the decline of American economic hegemony, we’ll examine the key players, motivations, and potential outcomes of this high-stakes game. So, join us as we explore the future of the global economy and the role of the BRICS nations in shaping it.
Transkripzioa:
Intro
0:00
[Music]
0:04
the global economic landscape is
0:06
Shifting with the rise of bricks Nations
0:09
Brazil Russia India China and South
0:11
Africa there’s growing speculation about
0:14
a new currency that could challenge the
0:16
dominance of the US dollar but is this
0:18
really possible let’s dive
0:23
in the US dollar has been the world’s
0:25
primary Reserve currency for decades the
0:28
strength stability and depend ility of
0:30
the US economy as well as the size and
0:32
liquidity of the country’s financial
0:34
markets all contribute to its dominance
0:37
due to its widespread Acceptance in
0:39
international trade investment and
0:42
reserves held by Foreign governments and
0:44
institutions the dollar is favored in
0:46
these contexts the United States also
0:49
enjoys a long history of political and
0:51
economic sway which contributes to the
0:53
Dollar’s reputation for reliability
0:55
because countries frequently transact in
0:58
dollars this dominance makes trade
1:00
easier and more efficient while lowering
1:02
the risk of exchange rate fluctuations
1:04
and fostering economic stability on the
1:06
World
1:08
Market but with changing geopolitical
1:11
Dynamics the brics nations are
1:12
challenging the us-led order they seek a
1:15
greater say in global Affairs the idea
1:18
of a brics currency isn’t new these
1:20
nations have been discussing ways to
1:22
reduce their dependence on the dollar
1:23
for years the main objectives of these
1:25
nations are to strengthen their economic
1:28
independence and lower the risks brought
1:30
about by changes in the value of the
1:32
dollar brics intends to lower
1:34
transaction costs and promote economic
1:36
cooperation by creating an alternative
1:39
currency that will enable member nations
1:41
to trade more effectively without
1:43
requiring dollar denominated
1:47
transactions also this push is deeply
1:49
rooted in geopolitical motivations aimed
1:52
at reshaping the global power dynamics
1:55
as these countries collectively
1:56
represent a significant portion of the
1:58
world’s population and economic output
2:01
they seek to challenge the long-standing
2:03
dominance of the US in international
2:05
finance they perceive it as a tool for
2:08
exerting political influence the world
2:10
has witnessed How the West has imposed
2:12
sanctions on China Iran and other
2:14
nations in addition to cutting off
2:16
Russia from the International Financial
2:18
system these instances compelled
2:20
numerous large Nations to reconsider
2:22
their Reliance on the dollar by creating
2:25
alternate Financial systems and
2:26
diversifying their currencies brics
2:29
Nations can reduce their dependency on
2:31
the dollar making their economies more
2:33
resilient to US economic policies bricks
2:36
represent a significant portion of the
2:38
world’s population and economic output
2:40
and they also seek a greater say in
2:42
global
2:46
Affairs however there are significant
2:48
challenges the brics Nations have vastly
2:51
different economic structures and levels
2:53
of development making it difficult to
2:55
create a one-size fits-all currency also
2:58
geopolitical tensions and and differing
3:00
national interests could hinder the
3:02
implementation of a unified currency if
3:05
successful a bricks currency could have
3:07
far-reaching implications it could
3:09
challenge the Dollar’s dominance alter
3:11
global trade Dynamics and shift the
3:14
balance of economic power it would
3:16
accelerate the shift towards a
3:17
multi-polar world on one hand bricks
3:20
could lead to Greater instability and
3:22
uncertainty in international markets on
3:24
the other hand it could lead to a more
3:26
balanced and Equitable Global Order
3:28
developing countries would have a
3:29
greater voice in international
3:31
institutions a multi-polar world would
3:33
also force greater cooperation among
3:35
nations no single country or block could
3:38
dictate terms to others this could lead
3:40
to more peaceful resolutions to Global
3:43
challenges however the road to such a
3:45
currency is fraught with obstacles and
3:47
its success is far from
3:51
guaranteed the idea of a bricks currency
3:54
is ambitious and reflects the changing
3:56
dynamics of the global economy while it
3:59
has the potential to challenge the
4:00
dollar numerous hurdles must be overcome
4:04
only time will tell if this bold
4:05
experiment will
4:07
succeed well let’s get the conversation
4:09
going in the comments below and if
4:11
you’re interested in more economic
4:13
content like this make sure to check out
4:15
our other videos also don’t forget to
4:17
subscribe to Global economics thank you
oooooo
Putin Claps After Iran President’s Fiery BRICS Speech Blasting U.S. & Israel!
(https://www.youtube.com/watch?v=CJxJo5MSY6I)
The BRICS Summit comes to an end in Kazan on October 24. More than 20 world leaders and over 30 delegations gather for the 16th BRICS Summit, set to be one of the major economic, political and cultural events of the decade, hosted by Russia in the beautiful city of Kazan. The past year has seen BRICS grow in both size and influence to nearly half the world’s population and a third of the global economy. An BRICS Plus/outreach format is also taking place, with world leaders and heads of the Eurasian Economic Union, Commonwealth of Independent States and the Shanghai Co-operation Organisation, among many others. The leaders of Russia, China, India and South Africa are among those who have confirmed their participation.
0:00
Islamic Republic of
0:08
Iran in the name of God the benefit and
0:10
the
0:11
merciful your Mr Vladimir Putin
0:15
distinguished leaders of the
0:17
world ladies and gentlemen I hope that
0:21
through this collaborative and
0:23
interactive forum and based on the
0:25
inspiring theme of this
0:27
Summit bricks and the South Co
0:31
constructing a better world we can take
0:34
a significant step towards establishing
0:37
a better system and fairer relations
0:40
based on Collective
0:45
satisfaction Coalition building and
0:47
striving for constructive and friendly
0:49
relations are part of today’s reality
0:52
and the desire of many countries and
0:54
international actors to break free from
0:58
unilateralism
1:00
the foundations of unilateral equations
1:02
and IM balance based on unipolar
1:05
hegemony are extremely shaky and
1:08
wavering many International structures
1:11
and mechanisms stunning from this
1:14
approach such as the US Security Council
1:18
the international monetary fund human
1:21
rights institutions and other examples
1:24
have lost their effective and
1:27
constructive functionality due to
1:30
ization and the influence of Western
1:34
governments that is why since it’s
1:36
Inception this bricks grrip with its
1:39
lofty and popular Golds has been able to
1:42
become a successful model of cooperation
1:44
and convergence among countries on the
1:47
regional and international
1:55
stage
1:57
Summit embodies the fact that building a
2:00
better world is not possible alone in
2:02
today’s interconnected World joint will
2:04
and action are necessary for fundamental
2:06
change that requires reforming the
2:09
current system and creating a more
2:12
balanced order based on Justice and
2:15
satisfaction in other words a better
2:17
world would be a place where there is no
2:20
trace of imposed sanctions acts of
2:23
aggression or conquest or genocide where
2:28
multilateralism prevails over
2:31
unilateralism the majority over the
2:34
minority equality over discrimination
2:37
transparency over deception democracy
2:40
over
2:42
authoritarianism and dialogue over
2:45
War over the past year our world has
2:48
faced numerous events and many
2:51
components of peace and security
2:53
particularly in the West Asian region
2:56
have been either weakened or
2:58
threatened theist regime disregarding
3:03
International Norms has TR on many of
3:07
the red lines of
3:10
governments around the
3:12
world un shivy enough has created as
3:18
ruthlessly as we can imagine a new wave
3:21
of violence and
3:22
Terror flames of War still rage hot in
3:27
the Gaza Strip and leban cities
3:29
International institutions and bodies
3:32
primarily the UN Security Council as the
3:35
driving force for International Peace
3:37
and security lack the necessary capacity
3:41
to extinguish the fire of this crisis
3:44
moreover the unwavering support of
3:47
Western governments led by the United
3:49
States for the Zionist regime has made
3:52
achieving peace and halting The War Out
3:56
Of Reach the Islamic Republic of Iran
3:59
believes
4:00
that Regional and international crises
4:03
cannot be resolved without joint
4:07
efforts therefore within the framework
4:10
of our principled policies we have
4:12
always endeavored to create smart and
4:15
efficient networks of trade relations
4:18
and to make every effort to strengthen
4:22
International cooperation and deepen the
4:25
elements of friendship among countries
4:30
this is despite the fact that contrary
4:33
to all International norms and human
4:35
rights the imposition of unial sanctions
4:38
has challenged International nors and
4:41
human rights and many development
4:44
processes have faced numerous challenges
4:47
due to coercive measures and political M
4:52
hindering this movement towards a
4:56
secure world
5:05
and Bricks plus must design an
5:07
implemented transparent Fair inclusive
5:10
non-discriminatory and rules based
5:13
mechanism for multilateral trade with a
5:15
special focus on the global South and
5:18
developing and least developed
5:21
countries illegal sanctions have
5:24
devastating effects on international
5:27
relations and prevent countries from
5:29
accessing their Financial Resources
5:32
hindering their effective role in
5:34
international cooperation processes such
5:37
as combating the adverse effects of
5:39
climate change global warming
5:43
environmental
5:44
degradation and providing humanitarian
5:50
Aid many countries that are members or
5:54
associated with the bricks have Dynamic
5:57
and developing economies this carries
6:00
valuable
6:02
opportunities that with attention and
6:05
efforts to create deep economic and
6:07
Commercial bonds can bring abundant
6:11
ample inclusive benefits the use of
6:14
national currencies for trade new
6:18
banking
6:19
platforms digital currencies strengthen
6:22
the new development bank and contingent
6:27
Reserve Arrangements
6:29
measures can create a better world for
6:33
all new technologies especially
6:36
artificial intelligence will have
6:38
strategic and remarkable impacts on our
6:40
lives in the near future laor countries
6:44
like in the past will impose many
6:47
restrictions on developing countries
6:49
access to new
6:53
technologies to counter these
6:56
limitations we must cooperate with one
6:59
another
7:00
have no choice but to invest jointly
7:04
exchange experiences and accelerate
7:07
joint
7:08
cooperation distinguished guests the
7:11
geographical expans of bricks presents a
7:14
unique opportunity to facilitate
7:17
transcontinental connections and pursue
7:19
shared interests a process that will
7:22
have a significant impact on reducing
7:25
the existing developmental Rift and
7:28
increasing people’s we
7:31
the future belongs to countries that
7:34
play the greatest role in creating
7:37
convergence and establishing a new order
7:40
of institutionalized relations based on
7:43
the discourse of consensus and Justice
7:47
in conclusion I would like to once again
7:49
thank Mr vlir Putin for the excellent
7:52
hosting and holding of this important
7:55
Summit meeting in the beautiful city of
7:58
Kazan
8:00
may God’s peace and blessing be upon you
8:07
all Mr
8:10
President we count very much
8:15
on interaction with within the
8:17
group and as I have said in my opening
8:20
remarks we are very much concerned
8:25
by andse
8:29
we hope that every measure is taken to
8:34
reduce
8:35
tensions and to prevent the spillover of
8:38
the conflict in the region I had a
8:41
conversation with many counterparts and
8:44
it is everyone’s based assumption and we
8:47
wish you success resolution of difficult
8:51
bottlenecks in the region now the
8:55
FL given
8:58
to the Republic of South Africa Mr
9:02
Rapa do you want to watch more videos
9:04
like this one if yes subscribe to our
9:07
Channel and press the Bell icon next to
9:09
it we have decided to bring videos on
9:12
something nobody talks about African
9:14
politics economy and increasing power
9:18
thanks for watching and until the next
9:20
video stay tuned tell us what you think
9:23
in the comment section like and share
9:25
the video and subscribe so that you
9:27
don’t miss any of our African videos
9:29
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U.S. economist: BRICS to form true multilateral world
(https://www.youtube.com/watch?v=ZOL22qpYd7w)
The first BRICS summit since the group expanded from five to 10 members is underway in Russia’s Kazan, with the entire world watching how these nations embrace diversity while reaching consensus in the newly-expanded bloc. In an exclusive interview with World Insight’s Tian Wei, Columbia University Professor Jeffrey Sachs noted that BRICS is not only committed to deepening internal relations, but also to building strong ties with emerging economies, leading the way to the formation of a truly multipolar and multilateral world, though many challenges still remain.
[Music]
0:15
on today’s world Insight the brick
0:17
Summit kicks off in Kazan Russia with
0:19
its five new members and many expect
0:22
more growth to follow how will the
0:24
expanding block influence global order
0:27
tion way sits down with American
0:30
Economist Jeffrey Sachs to discuss the
0:33
opportunities and challenges ahead
0:36
bricks matters to more people around the
0:39
world than ever
0:40
before with expanded membership greater
0:44
diversity broader
0:46
representation bricks is becoming an
0:49
increasingly important platform for
0:52
multilateralism making bigger
0:54
contributions to Global
0:56
governance join us at bricks Summit 202
1:00
for for a grand Roundtable with media
1:02
leaders from all bricks countries
1:05
in-depth conversations with newsmakers
1:08
about the underlying currents shaping
1:11
the world cooperation in transformation
1:14
our special production bricks Summit
1:22
[Music]
1:28
2024 hello and welcome to cooperation in
1:31
transformation a special program from
1:33
Kazan this week on the bricks Summit
1:36
2024 I’m TM way the curtain has raised
1:39
on the 2024 brick Summit in Kazan as
1:42
Chinese president XI Jin ping arrived in
1:45
Kazan on Tuesday it’s the very first
1:47
Gathering of bricks countries following
1:49
its expansion to include five new
1:51
members Saudi Arabia Egypt the United
1:55
Arab Emirates Iran and Ethiopia doubling
1:58
the membership from from five to 10
2:01
countries representing a significant
2:03
portion of the world’s population and
2:06
GDP bricks has now become a key venue
2:09
for emerging markets and developing
2:11
countries to strengthen solidarity and
2:13
cooperation thereby serving as a pivotal
2:16
mechanism representing the global South
2:19
China is also working with other bricks
2:21
Partners embarking on a New Journey of
2:24
Greater bricks cooperation so what are
2:26
the Strategic goals of bricks in
2:28
fostering economic resilience I among
2:30
its member states how can this
2:32
partnership facilitate a more Equitable
2:35
global economic order on the sidelines
2:38
of the briak summit as sat down with
2:39
American Economist and professor of
2:42
Columbia University Jeffrey Sachs to
2:44
find out the transformative potential of
2:46
bricks and its impact on shaping a
2:49
sustainable and inclusive global
2:54
economy Professor saxs what a pleasure
2:57
to see you once again thank you
3:00
Delight to be with you Professor sax
3:03
what do you make of the significance of
3:05
an expanded bricks 10 members now and
3:09
there are more waiting the line to be
3:11
joined this is a a major
3:15
geopolitical change no doubt uh
3:18
basically uh these are very large
3:22
countries of course uh China India
3:25
Brazil Russia South Africa the original
3:27
five and now many major new members of
3:32
of the bricks Iran the United Arab
3:34
Emirates Ethiopia Egypt this this is a a
3:39
group which includes nearly half the
3:41
world’s population uh more than a third
3:44
of the world’s GDP uh and there’s a
3:48
determination uh of this group not only
3:51
to forge strong relations among the
3:55
brics members but also very strong
3:58
relations of the bricks members with all
4:01
of the emerging and developing economies
4:04
there’s also a determination to resist
4:07
the kinds of pressures that have come
4:10
from us unilateral sanctions in recent
4:14
years and I think that the bricks will
4:16
basically uh demonstrate uh that it is
4:20
uh not feasible any longer for the
4:22
United States uh and its allies to
4:25
impose these unilateral coercive
4:28
measures which are against international
4:30
law but until now we’re hard to resist
4:33
for individual
4:35
countries we see an expended breaks
4:39
however some argue the unity of the
4:42
breaks on some of the most important
4:44
issues that is core to the existence of
4:48
bricks and needs to be strengthened uh
4:51
Professor saxs what do you make of a
4:53
more Diversified and yet can be
4:57
different uh members uh from one another
5:00
within
5:01
bricks I think that the expansion of the
5:04
bricks is uh is very helpful for the
5:08
bricks countries but but also in my view
5:10
for the world what we’re seeing with the
5:14
bricks is the formation of a truly
5:17
multilateral world and we’re seeing
5:20
because of the actions of the bricks the
5:23
determination of the bricks countries to
5:26
say look we subscribe to the UN hard but
5:30
not to the unilateral pressure of the
5:32
United States or a few countries and I
5:36
think this this is a correct approach uh
5:39
with more countries joining in basically
5:43
there will be more opportunity for an
5:46
emphasis on Peaceful sustainable
5:49
development on cooperation of new
5:52
Financial flows a new monetary approach
5:56
as well and while my hope always is that
5:59
that the world hangs together and
6:02
doesn’t uh simply fall into competing
6:06
blocks because that is very dangerous I
6:09
think the bricks can be a stepping stone
6:11
to a true global system but a truly
6:15
multi-polar system not the kind of us Le
6:19
system that the United States has
6:22
perceived for decades and is is an idea
6:25
that is way out of date if it was never
6:28
really applicable but it’s certainly Far
6:31
From Reality now what do you think
6:34
professor saxs of the concern some
6:37
expressed about you know the nature of
6:40
breaks whether it is a a a mechanism
6:45
that is providing alternative but at the
6:47
same time how to make sure it is not
6:50
going to be a mechanism that is
6:52
literally anti-west or uh even more
6:57
importantly not being labeled as
7:01
anti-west well I think the the problem
7:03
here is the US for example is without
7:08
any uh hiding it anti-russia okay it’s
7:12
not even close uh the the retoric out of
7:16
the United States is literally defeat
7:18
Russia on the battlefield uh there’s
7:21
ugly rhetoric out of Europe divide
7:24
Russia into little pieces and so forth I
7:27
I think from Russia’s point point of
7:29
view the bricks is partly a solution to
7:32
this frankly which is uh like-minded
7:36
countries very significant very
7:39
substantial uh that have friendly
7:41
relations and that want to handle
7:43
matters not on the battlefield but
7:45
actually collegially uh and even finding
7:49
common solutions to what has been a lot
7:52
of bullying by the US now I use these
7:55
terms because though I’m an American
7:58
I’ve been saying to American government
8:00
officials for decades if you want other
8:04
countries to use the US dollar don’t
8:06
bully them don’t confiscate their
8:09
currencies don’t freeze their reserves
8:12
and so what I’m saying is something I’ve
8:14
been saying for a long time which is
8:17
that in a way the US is pushing lots of
8:20
the rest of the world together it’s not
8:23
that they’re coming together
8:24
intrinsically in an anti-western way
8:27
it’s that the US is putting sanctions
8:29
all over the world uh it’s sanctioning a
8:32
tremendous number of countries dozens of
8:34
countries it vastly exaggerates its
8:38
power and it applies sanctions that the
8:41
UN General Assembly has said for many
8:44
decades are simply illegal because
8:47
sanctions should be approved by the UN
8:49
or not used in this coercive manner so I
8:53
believe that the bricks is as long as
8:55
the bricks continue to say which they
8:58
have been saying and I really call on
9:01
them to continue to say it that they
9:03
stand for the UN Charter that they stand
9:06
for multilateralism that they stand for
9:09
peaceful cooperation it’s not fair to
9:12
call them anti-western what they are is
9:16
anti-coercion by the West that’s a quite
9:19
different thing Professor uh on the
9:22
other hand we also see some uh economies
9:25
and countries interested in uh join the
9:30
uh bricks or uh coming into the
9:34
conversation of bricks however we see
9:36
some of them uh yet to make their
9:39
commitment even though they are some of
9:42
the largest economies and emerging
9:44
economies in the world so how do you see
9:47
this uh should I say cency as some
9:50
describe among some of the countries uh
9:54
about the nature of bricks and whether
9:56
they want to be part of
9:57
it well part of it uh is the hesitancy
10:02
comes from us pressure directly don’t
10:05
join the bricks uh and so countries that
10:08
are part of traditional US security
10:12
relations for example are being told
10:16
under no uncertain term should you join
10:18
the bricks and so that’s where hesitancy
10:21
comes from they may feel that this is a
10:24
good deal that they want closer
10:26
relations with China that they want an
10:29
expanded relationship for example with
10:31
the Bel and Road initiative which I
10:33
regard as an extremely positive and
10:36
important Global development initiative
10:38
and countries are benefiting from that
10:40
close relationship with China so they
10:43
want to be part of the bricks but the
10:45
United States often is saying don’t do
10:48
that that’s against us and so forth well
10:51
the main argument that is pushing many
10:54
countries uh in the other direction is
10:57
the kind of hostility and I’m sorry to
11:01
say arrogance that has come from the US
11:04
and its allies for NATO for example for
11:08
a long time NATO’s Doctrine it’s it’s
11:12
literal Doctrine article 10 of the NATO
11:14
treaty for example on NATO expansion is
11:17
that NATO expansion is not the business
11:19
of any Third Country so if the US wants
11:23
to expand uh NATO into Ukraine it’s
11:27
literally under NATO
11:30
uh no business of Russia even though
11:32
it’s all about Russia and it’s on
11:35
Russia’s border well that’s a kind of
11:37
arrogance or huis that has led to this
11:41
enormous backlash countries that are
11:44
aiming to join the bricks field that
11:46
they’re not even listened to uh and they
11:50
face uh heavy costs from the US and its
11:55
allies who take measures that are
11:58
against their interests that are even
12:00
dangerous for them uh they tell these
12:03
other countries don’t trade with Russia
12:05
for example and they these countries say
12:08
but we have normal relations with Russia
12:12
the United States says no no we will
12:14
sanction you we will punish you we will
12:17
cut off your Banks and so forth that
12:20
actually doesn’t work but that kind of
12:22
bullying pushes other countries to want
12:24
to join the
12:26
bricks Professor I remember clearly
12:29
recently you had a debate with Professor
12:31
mimer one of uh you are coming in from
12:35
the uh political economic uh Scholars
12:39
perspective while he is more focusing on
12:42
geopolitics and also diplomacy uh you
12:46
argued in your discussion that it can be
12:50
a win-win situation among countries not
12:52
necessarily one has to be the loser
12:54
while the others will be the winner uh
12:58
now having said that though how about
13:02
the breaks uh we see earlier breaks have
13:06
chosen the road the more on energy
13:11
Financial trade and economic cooperation
13:15
cultural exchanges People to People
13:17
exchanges certainly as well but not
13:20
necessarily focusing much on Geo
13:23
politics and security issues what do you
13:25
make of Professor of the Strategic
13:27
choices that breaks made earlier about
13:31
the Spheres of the efforts it is
13:35
concentrating on and what do you make of
13:37
the future that bricks should and can
13:40
stick
13:42
to look I I hope that when it comes to
13:46
security we actually keep the great
13:50
security issues at the UN in the UN
13:53
Security Council uh in the UN treaties
13:57
uh in the uh uh nuclear arms control
14:01
framework treaties which are un treaties
14:05
I think it would be extremely dangerous
14:07
uh the more we fall into military blocks
14:12
we know that such military alliances in
14:16
modern history for example in
14:20
1914 went haywire uh countries were
14:24
afraid or wanted to make preemptive
14:27
actions and suddenly there was
14:29
a essentially a global war we need at
14:33
all costs to avoid this kind of approach
14:37
I think the bricks emphasis on payment
14:39
systems on Finance on trade on uh
14:43
actually scientific technological and
14:47
academic scholarly and cultural exchange
14:50
is wonderful uh I think that the notion
14:54
uh of uh keeping security uh in a un
14:58
context but then making the UN effective
15:01
because it’s not effective when the veto
15:04
power really is a blockade uh to
15:08
Solutions and in the end is a blockade
15:11
even to real negotiations and Del
15:15
liberations this is what I would hope
15:17
for so I I really don’t want to see
15:20
personally I don’t want to see the
15:21
bricks devolve into some kind of
15:24
military Alliance my own view which I
15:28
state every day is that the war in
15:30
Ukraine could end in a day today if the
15:35
United States would call off its plan to
15:37
expand NATO uh the war in the Middle
15:41
East could end today if the UN Security
15:44
Council would vote a sovereign state of
15:48
Palestine as the 194th UN member State
15:52
on the borders of the 4th of June
15:55
1967 the the risks in East Asia could
15:59
and immediately if the United States
16:02
would abide properly by the one China
16:04
policy and China and the United States
16:06
would enter into uh normal diplomacy all
16:12
of these challenges that we face can be
16:15
overcome war is a disaster obviously uh
16:20
and war between great Powers is a threat
16:23
to human survival in the nuclear age so
16:26
I don’t want to see the bricks become a
16:29
military force I don’t think there’s any
16:32
intention of that but at the same time I
16:35
would like to see a reinvigorated United
16:39
Nations basically the the challenge is
16:43
to solve all of these crises that we
16:46
Face diplomatically to understand that
16:49
they really are about politics they
16:51
really are uh about uh political
16:54
decisions they’re susceptible of
16:57
political compromise or political
17:00
agreements and war is not going to solve
17:04
any of these issues but War could
17:06
escalate into complete Global disaster
17:09
so that’s my feeling the brics is on the
17:12
right course with the focus that it’s
17:17
taken bricks matters to more people
17:21
around the world than ever
17:23
before with expanded membership greater
17:27
diversity broader
17:29
representation bricks is becoming an
17:32
increasingly important platform for
17:35
multilateralism making bigger
17:36
contributions to Global
17:39
governance join us at bricks Summit 2024
17:43
for a grand round table with media
17:45
leaders from all bricks countries
17:48
in-depth conversations with newsmakers
17:51
about the underlying currents shaping
17:53
the world cooperation in transformation
17:57
our special production bricks Summit
18:07
2024 Professor if you look at the uh
18:10
members of Bricks now 10 uh some of them
18:14
are even could be described as among the
18:18
least developed economies While others
18:20
are developing countries emerging
18:22
economies and the list goes on they’re
18:25
much more representing the map of the
18:28
world these days and they are coming
18:29
from all continents uh so how do you see
18:33
this diversity now in terms of their
18:36
ability to come to consensus on some of
18:38
the important Global governance issue
18:42
and especially the priorities of global
18:45
governance
18:46
issue well I think the diversity first
18:49
of all reflects a global reality but a
18:53
most important point about Economic
18:56
Development and economic diversity is
18:58
that every country has the potential
19:01
over the course of 30 or 40 years to go
19:04
from a state of poverty to a state of
19:08
high Prosperity uh China demonstrated
19:11
that for the whole world between uh 1980
19:15
and 2020
19:17
1980 perhaps uh 70% or 80% by some
19:22
measures of the country lived below the
19:24
poverty line by 2020 poverty had been
19:27
eliminated uh it was four remarkable
19:30
decades not every country is going to
19:32
have China’s tremendous success but
19:35
China showed that in four decades it’s
19:38
possible to go from what was really a
19:41
lot of poverty to what is an absolutely
19:43
remarkable economy at The Cutting Edge
19:46
of global technology now you take a
19:49
country like Ethiopia uh a very poor
19:52
country today but a tremendous culture a
19:56
history that is more than 2,
19:59
years old by some measures 3,000 years
20:02
old uh a tremendous capacity for Rapid
20:06
Economic Development I was in rural
20:10
Ethiopia at the beginning of this year
20:12
and I was visiting Farmers whose incomes
20:15
had jumped enormously because they had
20:18
electricity coming from a dam that China
20:21
had helped to build and they had
20:23
transport to sell their goods to the
20:25
Middle East by rail to Djibouti which
20:27
China had helped to build so it was an
20:30
absolutely uh powerful demonstration
20:33
before my own eyes about how the belt
20:35
and Road initiative and and China’s
20:38
capacity to engage uh with the other
20:42
countries based on China’s own
20:44
experience of how you Leap Frog how you
20:47
move forward very quickly in income
20:49
levels if the infrastructure is correct
20:54
if the education system uh is uh
20:57
upgraded so so to my mind having the
21:00
bricks have this diversity is a strength
21:03
uh you take uh Egypt it’s got unique
21:06
challenges but it’s a 5,000 year old
21:09
civilization uh you have Ethiopia it’s a
21:12
3,000 year old civilization you have uh
21:16
Iran Persia in history uh roughly 3,00
21:21
5,000 years old also one of the oldest
21:24
civilizations in the world so this is
21:26
not only a meeting of countries it’s
21:28
actually a meeting of civilizations
21:30
something quite remarkable on the other
21:33
hand we also see pragmatic cooperation
21:36
among members of the bricks economies uh
21:39
we see energy trade has been increasing
21:43
dramatically among the members we also
21:46
see uh that they are working on
21:49
agricultural cooperation even though not
21:53
all of them are strong in agriculture
21:55
competitiveness worldwide uh well at the
21:59
same time we are seeing them doing
22:01
cooperation in science and technological
22:03
field as well so um how do you
22:08
understand the necessity these days that
22:11
economies are working together trying to
22:14
seek alternative ways to develop uh
22:17
their future uh especially at a time
22:20
when economic realities are very
22:23
uncertain well first we need to say we
22:26
uh are all globally facing ing some very
22:30
very serious ecological challenges that
22:34
are sometimes pushed off the front page
22:38
temporarily by the wars and the crisis
22:40
but then come roaring back with the
22:42
floods with the droughts uh with the uh
22:46
Coastal disasters that many many
22:49
countries are facing right now including
22:51
China including Russia including Brazil
22:54
uh including Iran including Egypt and
22:57
Ethiopia this is
22:58
the human induced uh climate change uh
23:02
it is the ecological catastrophes and
23:06
there’s no solution for these crises
23:10
other than through a high level of
23:12
global cooperation and that cooperation
23:16
needs to take many forms one is
23:18
cooperation regionally uh so that the
23:21
countries within a common geography say
23:24
East Asia and Southeast Asia need to be
23:26
working together to connect renewable
23:29
energy and make a power system that goes
23:33
beyond any one country they also need to
23:36
be globally uh Cooperative because some
23:41
countries have technological solutions
23:43
that can help to solve the problems of
23:45
other countries uh or some countries
23:48
have the financing that can help to
23:49
solve the problem of other countries
23:51
right now China has the world’s largest
23:55
capacity in the green technologies that
23:58
we urgently need to implement to avoid
24:02
catastrophic climate change China is the
24:04
world leader in photovoltaics it’s the
24:07
world leader in wind power it’s the
24:10
world leader in fourth generation
24:12
nuclear power it’s the world leader in
24:15
the hydrogen economy it’s the world
24:17
leader in electric vehicles it’s the
24:19
world leader uh in uh fast Inter City
24:24
Electric Rail and many other areas now I
24:27
say all of this and by the way add add
24:30
the digital the 5G what what in China is
24:32
already
24:34
5.5g uh for digital uh systems now other
24:38
countries need these Technologies
24:41
urgently this is why the Bel and Road
24:43
initiative is so important the United
24:46
States in the past year came to say
24:48
China has overc capacity in these areas
24:52
that’s nonsense frankly China’s capacity
24:56
needs to be deployed not only in China
24:59
but actually in exporting these
25:02
Technologies to other countries so that
25:05
they can transform their energy and
25:07
their Transport Systems as well there’s
25:10
no overc capacity the world still lacks
25:13
adequate capacity to make the dramatic
25:16
changes that we need to make for climate
25:18
safety China’s great capacity which is
25:21
the largest in the world is therefore at
25:24
at the global Service and the bricks
25:27
will be away way to actually help to
25:31
deploy this cuttingedge technology
25:34
across these countries which together as
25:37
I say are estimated to have about
25:39
46% of the whole world’s population at
25:42
this point so this is a very good group
25:45
that needs a lot of technological change
25:48
uh and China has a lot to offer so do
25:52
other bricks countries as well so I
25:54
think the interaction within the bricks
25:57
will
25:58
accelerate these green and digital
26:03
Transformations and finally Professor
26:05
saxs we understand that during the uh uh
26:08
bricks uh small group meeting and the
26:12
large group meeting together with the
26:15
bricks plus meetings crucial issues of
26:19
international importance will be
26:21
discussed among the leaders there I’m
26:23
sure the issues on the latest violence
26:27
going on in Middle East particularly
26:29
regarding Lebanon and Gaza will be high
26:33
on the agenda among the leaders so uh
26:36
what do you think can be the
26:38
contribution the bricks together can
26:41
collectively provide to bring more
26:46
opportunity for peace
26:48
there what we need is a specific plan
26:53
for peace in the Middle East I think
26:56
it’s really clear we need a state of
27:00
Palestine according to international law
27:03
on the borders of the 4th of June 1967
27:07
as the international court of justice
27:09
has ruled we’re going to need the
27:13
unbacked
27:14
peacekeepers uh to uh keep the
27:17
populations of both Palestine and Israel
27:21
sep separated from each other we’re
27:24
going to need the brics countries to say
27:27
yes uh this is a two-state solution in
27:30
which both States will end any kind of
27:34
fighting a state of belligerency will
27:37
end and both States will be secure but
27:40
secure within their borders Jeffrey
27:43
saaks Professor what a pleasure as
27:46
always thank you thank you great to be
27:48
with you I appreciate
27:52
it that’s my latest interview with
27:55
Jeffrey saak on the ongoing brick Summit
27:59
2024 and that’s all the time we have for
28:01
today if You’ like to know more search
28:03
world inside or check out our YouTube
28:04
channel follow us on X and Facebook Mt
28:07
way on behalf of my team here in Kazan
28:10
and in Beijing thanks for being with us
28:12
and I’ll see you tomorrow in our special
28:14
program cooperation in transformation
28:18
bye for now
28:20
[Music]
oooooo
BRICS Currency Summit Showdown: Is It Too Late for the US Dollar?
(https://www.youtube.com/watch?v=mPPNh70W-vo)
BRICS’s latest move will crush the US dollar, and it’s happening right now. Ready?
the Dollar’s days could be numbered
0:02
bricks Brazil Russia India China South
0:05
Africa and their allies is playing chess
0:08
while the US is playing checkers and
0:10
your savings could be the biggest
0:11
casualty brics nations are gearing up to
0:14
unleash a new currency and it could
0:16
Dethrone the US Dollar’s dominance for
0:18
good this isn’t just talk anymore is
0:21
happening and the stakes they’ve never
0:23
been higher it’s a shocking development
0:24
bricks Nations have overtaken the G7 in
0:27
terms of GDP with their combined
0:29
economic output now over $60 trillion
0:33
Russian President Vladimir Putin even
0:35
confirmed that bricks countries now
0:36
control
0:38
37.4% of the global economy while the G7
0:42
share has dwindled to just
0:44
29.3% this Powers shift is laying the
0:47
foundation for a financial Revolution
0:49
and at the heart of this revolution a
0:51
new brics currency that could kill the
0:54
US dollar over 88% of global
0:56
transactions involve the US dollar but
0:59
what happens if launches their new
1:01
goldback currency we’re talking about
1:03
massive dollarization and for American
1:05
households that could mean skyrocketing
1:08
prices inflation out of control and
1:10
economic chaos like we’ve never seen
1:12
before how do you prepare for a world
1:14
where the US dollar is no longer King
1:17
well I’ve got an action plan for you at
1:18
the end but understand that brics isn’t
1:20
just thinking about launching a currency
1:22
they’re taking real steps to make it
1:24
happen this isn’t Some far-off Dream
1:27
either at The Summit in Kazan Russia
1:29
brics members are expected to finalize
1:32
the details of this new currency shift
1:34
and if you think it’s all talk think
1:36
again oneth of oil trades already
1:39
bypassed the US dollar entirely imagine
1:41
the impact once bricks unleashes its
1:44
currency system as the US dollar
1:46
currently dominates 90% of all currency
1:49
trades brics is carving out A New Path
1:52
one that could strip the dollar of its
1:54
top spot in global finance and forever
1:56
change the world’s economy and the US
1:59
they’re not going down without a fight
2:01
former president Trump recently pledged
2:03
to slam countries ditching the dollar
2:05
with crushing 60 to 100% tariffs I’m not
2:08
sure if kamla has a plan for this or not
2:10
but here’s where it gets interesting
2:12
brics is developing a digital payment
2:14
system the brics bridge to totally
2:17
bypass the us-led Swift banking system
2:19
what does that mean well no more us
2:22
interference in their financial dealings
2:24
this could revolutionize global trade
2:26
making transactions faster more secure
2:29
and completely free from us sanctions
2:31
for bricks Nations it’s about
2:33
independence but for the US it could
2:36
spell economic disaster brics may have a
2:39
secret weapon though a gold backed
2:42
currency the brics Nations along with
2:44
Egypt control over 20% of the world’s
2:47
Central Bank gold reserves Russia alone
2:50
holds over
2:51
2,335 metric tons of gold if bricks pegs
2:55
their currency to Gold the US dollar
2:57
which has been untethered from gold
2:59
since the 19 1970s could face its
3:01
ultimate rival Jim Rickers a respected
3:04
Financial expert predicts that if this
3:06
bricks currency unit is worth 1 ounce of
3:08
gold and the price of gold Soares to
3:10
$33,000 an ounce the brics currency
3:13
could instantly gain immense value
3:15
compared to the dollar that means
3:17
Americans could face skyrocketing
3:19
inflation higher import costs and a
3:21
major loss in purchasing power meanwhile
3:24
bricks countries would Thrive free from
3:26
the constraints of the dollar so how do
3:29
you prepare for this seismic shift in
3:30
the global economy well here’s what you
3:32
can do right now to protect your wealth
3:34
number one diversify your currency
3:37
exposure start holding Assets in other
3:39
currencies especially those tied to
3:41
Bricks Nations this can help protect you
3:44
from the devaluation of the dollar
3:46
number two invest in gold and
3:48
commodities as brics eyes a gold-backed
3:50
currency gold could Skyrocket in value
3:53
so hedge against inflation by Investing
3:55
in Gold Silver and other precious metals
3:58
number three look into bricks Equity
4:00
markets Emerging Markets like China and
4:02
India they’re growing fast so consider
4:04
ETFs like the I shares msci brick ETF or
4:08
the Pacer Emerging Markets Cash Cow 100
4:11
ETF to get exposure to these economies
4:14
we’re on the edge of a global economic
4:16
transformation if brics follows through
4:18
with its plans the US dollar could lose
4:21
its grip on global trade leaving
4:23
American households vulnerable to
4:24
economic chaos but by acting now
4:27
diversifying your Investments hedging
4:29
with gold and and tapping into bricks
4:30
markets you can protect your wealth and
4:32
maybe even come out ahead in this new
4:34
Financial landscape and this isn’t just
4:36
about financial news it’s the start of a
4:38
global economic Revolution the US dollar
4:41
could fall and you need to be prepared
4:43
for Real Estate Investors this could
4:45
actually open up new opportunities in
4:47
global markets especially if you’re
4:48
holding assets outside the US but also
4:51
if you’re holding real estate in the US
4:54
we could witness a wave of foreign
4:56
investors buying up us real estate and
4:59
paying top dollar for it due to the
5:02
valuable currency exchange for them to
5:04
then only drive up real estate prices
5:06
even further want to know more about
5:08
what to own if the dollar collapses well
5:10
I’ve put together a list of 10 critical
5:13
items you’ll want to have in your
5:14
portfolio and you can watch that video
5:16
right here grab something to write with
5:18
and click the link you won’t want to
5:20
miss it thanks for watching I’ll see you
5:21
next time take care
oooooo
WATCH: UN Chief Backs Putin’s Peace Vision, Snubs Zelensky | Times Now World
At the historic BRICS summit in Kazan, Russia, UN Secretary-General Antonio Guterres delivered a powerful call for peace, urging an immediate end to conflicts in Ukraine, Gaza, Lebanon, and Sudan. In a heartfelt speech during the ‘BRICS Plus’ session, Guterres praised BRICS’ commitment to multilateralism, underscoring the bloc’s growing influence as it expands to include major players like Iran, Saudi Arabia, and Egypt. Amid ongoing Western attempts to isolate Russia, leaders from 36 countries gathered, showing solidarity and deepening cooperation on global issues. Watch how Russia, with Putin at the helm, is driving a new vision for global peace while Zelensky’s efforts face increasing scrutiny. Don’t miss this pivotal moment from the largest foreign policy event Russia has ever hosted!
Mr President distinguished leaders and
0:05
representatives ladies and gentlemen all
0:07
protocol
0:09
observed I am grateful to participate in
0:12
the 16th brick Summit collectively your
0:16
countries represent nearly half of the
0:18
world’s
0:19
population and I salute your valuable
0:22
commitment and support for
0:24
multilateralism and international
0:26
problem solving as clearly reflected in
0:29
your team this
0:31
year no single group and no single
0:34
country can act alone or in isolation it
0:37
takes a community of Nations working as
0:40
one Global family to address Global
0:43
challenges challenges like the rising
0:46
number of conflicts the devastation of
0:48
climate change pollution and
0:51
biodiversity loss Rising inequalities
0:54
and lingering poverty and hunger adapt
0:59
crisis that threatens smoother plans for
1:01
the future of many vulnerable
1:03
countries the fact that fewer than 1 F
1:07
of the sustainable development goals are
1:09
on track a growing digital divide and
1:13
the lack of guard R for artificial
1:15
intelligence and other Frontier
1:18
Technologies and the lack of
1:20
representation of voice for developing
1:23
countries at Global decision making
1:26
tables from the security Council to the
1:28
bretonwood system
1:30
and
1:31
Beyond these must
1:34
change September’s un Summit of the
1:36
future offered the road map for
1:39
strengthening
1:40
multilateralism and advancing peace
1:43
sustainable development and human
1:45
rights I see four areas for Action first
1:51
Finance today’s International Financial
1:53
system is not offering many vulnerable
1:56
countries the safety net or level of
1:58
support they need
2:01
the PCT for the future calls for
2:03
accelerating the reform of the
2:05
International Financial
2:07
architecture that is outdated
2:10
ineffective and
2:12
unfair and includes a commitment to move
2:16
forward with an STG
2:18
stimulus to change the business model
2:22
and substantially increase the lending
2:24
capacity of multilateral development
2:27
Banks and their concessional funding
2:30
to developing countries in vulnerable
2:34
conditions to recycle more special
2:37
drawing rights to restructure loans for
2:40
countries drowning in depbt and to
2:42
mobilize more International domestic
2:45
resources public and private for Vital
2:48
investments in developing
2:50
countries next year’s conference on
2:53
financing for development and the summit
2:56
on Social Development are two Milestones
2:59
to to carry these efforts
3:02
forward and we must also recognize the
3:04
importance of South sou
3:07
cooperation it doesn’t replace the
3:09
commitments and obligations of developed
3:12
countries but it is providing a growing
3:15
contribution to supporting developing
3:17
countries in overcoming obstacles to
3:20
achieving the
3:22
SGS second
3:24
climate every country has committed to
3:27
limit temperature rise to 1.5°
3:30
celius that requires dramatic action to
3:33
reduce emissions now with the G20 in the
3:37
lead cop 29 is just weeks away and that
3:42
starts the clock for countries to
3:44
produce new National determined
3:46
contribution plans with
3:49
2035 targets that are aligned with 1.5
3:53
degree
3:55
gold and cop 29 must deliver an
3:58
ambitious and credible out come on the
4:01
new climate Finance goal and developed
4:04
countries must also keep promises to
4:07
double adaptation finance and ensure
4:11
meaningful contributions to the loss and
4:14
damage fund what was not the case when
4:18
it was
4:20
created third
4:22
technology every country must be able to
4:25
access the benefits of
4:27
Technology the global digital compact
4:30
commits to enhanced Global cooperation
4:33
and capacity
4:34
building it includes the first truly
4:37
Universal agreement on the international
4:40
governance of artificial intelligence to
4:42
give every country a seat at the AI
4:46
table it calls for an independent
4:49
International scientific panel on AI and
4:52
initiating a global political Dialogue
4:55
on its governance within the United
4:57
Nations with the participation
5:00
of all
5:01
countries and it requests options for
5:04
Innovative financing for AI capacity
5:06
building in developing
5:09
countries and fourth
5:12
peace we must strengthen and update the
5:14
Machinery of Peace this includes reforms
5:18
to make the United Nations security
5:19
Council reflective of today’s
5:22
world the PCT for the future includes
5:25
important steps on disarmament including
5:28
the first multi Lal agreement or nuclear
5:31
disarmament in more than a decade and
5:34
steps that address weaponization of
5:36
outer space and use of Leal autonomous
5:40
weapons across the board we need
5:44
peace we need peace in Gaza with an
5:47
immediate
5:48
ceasefire the immediate and
5:50
unconditional release of all hostages
5:53
the effective delivery of humanitarian
5:55
Aid without
5:57
obstacles and we need to make
5:59
irreversible progress to end the
6:02
occupation and establish the two-state
6:05
solution as it was recently reaffirm
6:08
reaffirmed once again at by a UN General
6:12
Assembly
6:14
resolution we need peace in Lebanon with
6:17
an immediate cessation of hostilities
6:20
moving to the full implementation of un
6:23
Security Council resolution
6:26
1701 we need peace in Ukraine adjust
6:30
peace in line with un Charter
6:32
international law and general assembly
6:35
resolutions we need peace in Sudan with
6:38
all parties silencing their guns and
6:40
committing to a pass toward sustainable
6:43
peace those were the messages I have
6:46
delivered to the high level segment of
6:48
the general assembly in September in New
6:51
York Unfortunately they remain valid
6:54
here and
6:56
now everywhere we must uphold the values
7:00
of the UN Charter the rule of law and
7:03
the principles of sovereignity
7:05
territorial integrity and political
7:08
independence of all
7:11
states excellencies ladies and
7:14
gentlemen the summit of the future
7:16
charted a course to strengthen
7:18
multilateralism for Global development
7:21
and
7:22
security now we must turn words into
7:25
deed and we believe bricks can play a
7:29
very very important role in this
7:31
direction thank you very much
oooooo
GEHIGARRIA
We Basques do need a real Basque independent State in the Western Pyrenees, just a democratic lay or secular state, with all the formal chracteristics of any independent State: Central Bank, Treasury, proper currency, out of the European Distopia and faraway from NAT0, maybe being a BRICS partner…
Gogoratu ondoko hauek:
Estatua eskatuz (Reclaiming the State)
MTM (Moneta-Teoria Modernoa), behin eta berriz
Hona hemen gehigarri adierazgarri batzuk:
Aspaldi honetan, NATO dela kausa, “Europar Distopia versus Europa (EFTA, kasu)” delakoaren ordez, hauxe proposatzen dut: BRICS delakoan sartzea, EFTA-tik BRICS-era
Euskal Herria: independentzia (2024)
Poiesisa, poesia, sormena: Independentzia
Gehigarri orokorrak:
MTM (Moneta-Teoria Modernoa), behin eta berriz
Moneta-Teoria Modernoa (MTM): Bill eta Warren-en abentura bikaina