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China and Russia recently announced that they’re going to be launcing a new global reserve currency.
They’re going to be jointly working together to create a new international reserve currency to replace the U.S Dollar.
Links mentioned:
▶ https://www.npr.org/2022/06/17/1105896419/russia-putin-speech-sanctions
▶ https://news.bitcoin.com/targeting-the-us-dollars-hegemony-russia-china-and-brics-nations-plan-to-craft-a-new-international-reserve-currency/
▶ https://quoththeraven.substack.com/p/russia-and-china-officially-announce?r=9lrlz&utm_medium=ios
Timecodes
0:00 Video Overview
0:28 Intro
0:36 Sponsor: Swan Bitcoin
1:29 China and Russia Working on New Global Currency
4:19 Dollar on the Edge of Failure
6:10 Possible Competors of the New Global Currency
9:04 Outro
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#China #Russia #CBDC
39 Comments
Imagine playing monopoly where the banker keeps giving himself more and more money each turn. That is America.
Russia / China? LOL! Yeah two aithoritarian countries everyone can trust! Please!
How can anyone in their right mind argue that it's better for one nation to have control over the world economy than a community of nations sharing power and responsibility? And such nation be a democracy.
LMAO, when you think the Biden administration couldn't get any worse they prove you wrong!
BRICS began in early 1980s. So that countries can use the resources to back their currency and they do not have to use an exchange of currencies.
Wow
This is what I’ve been sadly anticipating for a long time. The world is going to look much different for our kiddos than what we had growing up
CBDC cannot be used to buy BTC and gold. This. Is. Gold.
This will be a good thing to have another reserve currency.
No one trust China or Russia.
Talking about changes… I hope you dont change "Herecy Finacial" for "Pharisee Financial"… promoting crypto stuff, after seeing the debacle and crash crypto has been! . Yes, it is about holding the power… but also to build the framework for it to work: Dollar+Swift system+#1country in consumption+Army to police the world+ a country willing to have cycles of inflation. What country wants to do all that?
How is the idea of a strong dollar being propped up? I don't even get the rationale.
Crazy to think we are living in a dead empire and we will be alive to see our fall. Notice how history rarely seems to discuss the generation(s) immediately after an empire falls? Wish I knew more about what to expect based on previous examples but you tend to read about the new empire solidifying it's foundation.
If they’re saying it, they already got it!
Will BitCorn save us? 😂
Why bitcoin and not gold?
What does bitcoin do?
We are witnessing the downfall of a Superpower, what a time!
Good for Russia & China…… Give those Rothschilds a run for their money. Competition is GOOD!
"The Lubre"
The BRICS will never work. A basket of currencies from major trading countries who like to manipulate their currencies? I doubt it will make it long.
The last I saw China was having a run on their banks. I'm pretty sure China will not be the next super power.
Canada would like to dump the FEDERAL RESERVE too, if it wouldn't be too much trouble.
First to hit the pain was Europe, when Putin said he want rublos for his gas.
Sanctions auto-cutted them from ressources when west thought cutting Russia from modernity. Valuable gas, oil, wheat stays Russia. We don't care being cutted from foreign movies, Apple phones & foreign cars or clothes ect.. the third-class services sector. We always eat and making a fortune of U
He who controls the most sheeple wins. In the end, whoever wants control over the power to buy and sell, will use coercion to establish a one-world currency. This is one commodity that will not be subject to competition, markets, economics. If "certain" people were willing to condemn, arrest, imprison, block you from working, because you refuse to wear a mask or get a jab, what do you think these demons will do to you when you refuse to have a chip implanted in your hand/forehead, pledging allegiance to the "supreme leader of the world", so that you can participate in world commerce? The writing is on the wall.
Jesus Christ. Just do it, a decade of talk is getting boring. Challenge the dollar, go ahead. Xi? Vlad? NO? Meanwhile, their own oligarchs convert and hoard dollars and flee to UK, america, australia.
Massive news!
When you take a Shyt and phart at the same time you get the current administration💩
CHINA HATE BITCOIN.
The American foreign policies asked for it, and they got their wishes fulfilled.
Great video!
Are you of the opinion that gold has reached the bottom or that it has further to go down
They agreed to plan a new currency. This will take a lot of time. And I think not many countries will want to use that unless they have to.
We want a decentralised pure form of money. No central bank currency at all. And outlaw fractional banking!
I am very new to following this stuff. I dont understand I guees how the dollar wont be worth anything and we cant but other currencys. Wint the US just switch currencies and covert dollars over ?? Even the rich have dollars!!!
This is huge why isn't everyone talking about this???
Sounds effects are good for cartoons, movies and video games.
Russia (and by Russia I mean Putin) is so conniving. They outright launch a full violent invasion into Ukraine and then blame everyone else 🙄
What’s coming is WW3 nuclear war,you have lived enough….Russia vs NATO full nuclear war,North Korea vs S Korea,China vs Quad(Japan,Aus and Ind)
Crypto is a fraud.