Finally! US and France made the decision that made Putin lose his sleep!...

.THIS CAN BLOW UP IN THE FACE OF EUROPE and the USA

TIT FOR TAT

high way robbery seen child play

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Finally! US and France made the decision that made Putin lose his sleep!...

Chinese Military Drills Around Taiwan Live News | Chinese Foreign Minist...

4 hour presser 

Bloggers NOTE: https://en.wikipedia.org/wiki/Taiwan TAIWAN SHOULD BECOME THE CAPITAL OF THE NEW CHINA POLICY

#ONECHINA run out of #Taiwan.

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US DOLAR vs BRICS 🚨BRICS NEWS: New Central Bank, Currency Update, Dedollarization and Focu...

Bloggers Note: While the West's Governments and Corporations and BANKS and accounting and lobbying firms are gathering ALL the CASH available including OLD MONEY to  implement digital central bank reserves in a forthcoming overnight operation....BRICS is becoming quite interestingly enough an investments bonanza.

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With Transcript 

,

hello and welcome back everyone I hope

0:10

you're having a wonderful day thank you

0:12

very much for joining me it has been a

0:15

while since I shared an update on the

0:17

bricks block developments there have

0:19

been several important events several

0:21

developments which we will incorporate

0:24

into today's video we'll talk about the

0:26

announcement regarding the new currency

0:30

bricks Central Bank we'll talk about a

0:32

group of Asian countries effectively

0:34

ditching the dollar and several other

0:37

important points that I would like to

0:39

bring up let's start with an entire

0:41

group of Asian countries recognizing the

0:45

need to trade in their local currencies

0:47

this is a big one the association of

0:50

Southeast Asian Nations is focused on

0:53

promoting local currencies and is now

0:55

set to discontinue using the US dollar

0:59

for cross for a trade among its members

1:02

their combined GDP is approximately $4

1:05

trillion so it is quite significant and

1:09

I would like to add here that nominal

1:12

figures like combined GDP or total

1:15

annual trade numbers or something else

1:17

that is not the point here the point is

1:19

the trend because this is merely the

1:22

starting point that we're seeing so for

1:25

10 developing countries the combined GDP

1:28

of 4 trillion dollar might not sound

1:31

like that big of a deal but it's really

1:33

the trend the shift away from the

1:36

reserve currency of the entire world

1:39

that we're talking about think about it

1:41

this way we're seeing developing

1:43

countries choose not to rely on the

1:46

United States dollar anymore as they

1:48

deem it too risky the alliance includes

1:52

Vietnam Thailand Cambodia Indonesia

1:55

brune Laos Malaysia Myanmar Philippines

2:00

and Singapore the countries fear that

2:03

the rise in the US national debt of the

2:06

militarization of the West and

2:08

escalating conflicts will negatively

2:11

impact their local economies as well as

2:13

their prospects of development so

2:16

therefore the group made the decision to

2:19

focus on strengthening their National

2:22

currencies and developing closer ties

2:25

with our partners in addition to that

2:27

any Western sanctions will now have a

2:30

much much smaller impact on these

2:33

economies this brings us to what you are

2:36

likely waiting for the most uh what

2:38

you're interested in the most

2:39

interesting part to you the bricks

2:41

currency is there going to be one

2:44

currency used by The Block members as we

2:47

know creating a completely

2:49

self-sufficient Standalone Financial

2:51

system in order to disengage from the

2:54

West's ability to exert its dominance

2:58

via sanctions and other types of

3:00

economic measures that is indeed the

3:02

main goal for the bricks block

3:05

inherently by default once this new

3:08

mechanism is in place and it will be

3:11

soon from what I can tell the US dollar

3:14

will be substantially weakened as the

3:16

demand for it will decline globally in a

3:20

recent interview South African

3:22

Ambassador in China whose name is

3:24

cabonga qu admitted that there is

3:27

progress being made towards a common

3:29

Brick's currency he once again said that

3:32

the excessive dependence on the dollar

3:35

is what's driving this work the bricks

3:38

currency initiative is discussed during

3:40

the brics finance ministers meeting in

3:42

May with the details to be revealed

3:45

later this year in October during the

3:48

official the big Summit that will be

3:50

held in Kazan in Russia so this year

3:53

there will be nine member countries

3:55

participating and new members are

3:58

expected to be announced too in a

4:01

previous video I shared the details of

4:03

the bricks blockchain technology

4:05

infrastructure you may recall the

4:07

development uh of that technology is

4:10

primarily driven by Russia and China who

4:12

already have similar infrastructures in

4:14

place if you haven't watched that video

4:17

you will find it linked in the

4:18

description below I do think that it is

4:20

very important because that is going to

4:22

become the basis of this new Financial

4:25

system so it will eventually become the

4:28

payment settlement platform for the

4:31

entire block sources at the bricks new

4:33

development Bank highlight that the

4:35

block is looking at the prospects of

4:38

creating a central bank for bricks that

4:41

would eventually have the responsibility

4:44

and of course the authority to issue a

4:47

common currency for member countries so

4:50

there's going to be a central bank that

4:52

will coordinate not only the currency

4:54

issuance eventually but also and I'm

4:57

presuming here uh guiding fiscal

5:00

policies of the Block's members very

5:02

similarly to how the EU tries to more or

5:07

less cordinate these types of policies

5:09

among its members recently Russia's

5:12

Deputy foreign minister Serge yov voiced

5:15

his support for the creation of the

5:17

brics Central Bank as well so it is

5:20

likely going to happen and I'm assuming

5:22

that we will hear the big news the

5:24

announcement later this year and just

5:26

several months from now in October the

5:29

fact that the bricks is working on an

5:31

alternative Financial system does not

5:33

really mean that the block will ignore

5:36

trade opportunities with European

5:38

countries for example many people seem

5:40

to think that there's going to be some

5:42

type of a trade war or hostility even if

5:45

there is I don't really think that it's

5:47

going to come directly from the bricks

5:49

Block members because the bricks block

5:51

and this is very important to understand

5:53

it is not hostile towards trade

5:55

opportunities with the rest of the world

5:58

the block wants to expand and it wants

6:00

to develop and it's likely going to see

6:04

corporation on those terms of course

6:06

that are convenient to the Block's

6:09

members and that is going to be the

6:11

biggest difference from now on the

6:13

bricks is likely uh going to see

6:15

cooperation with Europe um as was

6:18

expressed by China's president Xi

6:20

Jinping during his meeting with European

6:22

leaders in May for the EU trading with

6:26

the bricks members would be extremely

6:28

beneficial although the United States is

6:31

unlikely to approve if those

6:33

transactions are not settled in dollars

6:36

um but states such as Hungary and Serbia

6:38

for example will definitely greatly

6:41

benefit from developing ties with the

6:43

bricks and judging from XI jinping's

6:45

recent visit to these countries that

6:48

very well may be part of their plan

6:50

moving forward now the fourth

6:53

development that I would like to discuss

6:55

is the increased attention uh on African

6:58

countries and the increased involvement

7:01

of Russia and China in the continent the

7:04

head of the new development Bank uh

7:06

dilar Rusev stated that the braks is

7:09

ready to invest in Africa to help it

7:12

address its biggest challenges this was

7:15

said during dma Rusev's trip to

7:17

Johannesburg not too long ago it goes

7:19

without saying that this is a big win

7:22

for Africa as a continent that's been

7:25

historically colonized and drained of

7:28

its resources it exploited and never

7:30

really received much in return from the

7:33

developed world this is a big

7:35

development The Continuous poverty did

7:38

help contribute to extreme disparity and

7:41

certainly played an important part in

7:44

how unstable the entire region has been

7:48

so Rusev said that the bank will finance

7:51

physical and digital infrastructure

7:53

projects in Africa and it will focus on

7:56

educational ones here's what she said

7:58

the new Development Bank has the

8:00

potential to be the leader of projects

8:03

that address the most urgent challenges

8:06

of African countries she said pointing

8:09

out that although Africa's share of

8:11

foreign direct investment Rose to 88.8%

8:15

of global foreign direct investment in

8:17

2021 from just 4.9% in 2010 a decade

8:22

earlier it can and must rise much more

8:26

so hopefully this quick update was

8:28

interesting and useful let me know in

8:30

the comments below what do you think

8:32

about these developments do you think

8:34

that a central bank that will cater to

8:36

the needs of the Brooks block is a good

8:38

idea let me know in the comments below

8:41

as always I would love to hear from you

8:43

thank you for taking the time to watch

8:45

the video subscribe like and share if

8:48

you found it interesting and I'll see

8:50

you back here tomorrow have a good one

8:55

[Music]