Famous US economist warns: dollar system is weakening as gold BRICS rise
The US dollar is gradually losing its dominance, and foreign central banks are buying fewer Treasury securities, instead holding more gold in their reserves, warns Mohamed El-Erian, a mainstream American economist. Ben Norton discusses how countries are seeking financial alternatives, especially Global South nations around BRICS.
BRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposal -
Topics
0:00 Western media cope on de-dollarization
2:53 Renowned US economist warns de-dollarization is happening
4:55 Gold price rises despite inflation falling
7:18 BRICS seeks alternatives to US dollar dominance
9:04 Sanctions, reserves freezes, weaponization of US dollar system
11:23 Holding gold in reserves is not bringing back gold standard
13:08 Central banks buy lots of gold
14:40 West’s economic war on Russia failed
15:34 US-Israel wars in Middle East (West Asia)
17:18 “Erosion“ of US dollar hegemony
18:56 US government debt and Treasury market
24:39 USA now spends more on debt interest than military
25:09 China dumps US Treasury securities
25:59 Europe, Canada, Taiwan buy US Treasury bonds
27:57 Outro
|| Geopolitical Economy Report ||
Please consider supporting us at
Patreon:
Podcast:
Newsletter:
1 view
63
6
3 days ago 00:00:00 1
The Iconic Drumming Behind “Message In A Bottle“ | The Police Song Breakdown
3 days ago 00:28:21 1
Famous US economist warns: dollar system is weakening as gold BRICS rise
3 days ago 00:00:00 1
TWIN DESTINIES (Full Original Album) HARP TWINS
3 days ago 00:39:44 1
RallyLegend: ’The Movie’
3 days ago 00:05:33 1
Khatia Buniatishvili plays Liebestraum No. 3 from Franz Liszt | Verbier Festival 2011
3 days ago 00:03:46 1
Fatboy Slim ft. Bootsy Collins - Weapon Of Choice [Official 4k Video]
3 days ago 00:07:03 1
Tupac-2 of Amerikaz Most Wanted Live from:The House of Blues.
3 days ago 00:31:03 1
Today’s Long Virtual Trip in Central Park, Enjoy The Beauty if NEW YORK CITY
3 days ago 00:06:42 1
Epic Caucasus Mountains, Elbrus region seasons aerial / Кавказские горы, Эльбрус с квадрокоптера
3 days ago 01:18:43 1
Paris, France 🇫🇷 - Paris Walking Tour, Paris Fall Experience 2024 🍂 4K HDR With Captions
3 days ago 00:01:23 1
1 bitcoin will be worth 52 million US dollars
3 days ago 00:06:05 1
Kilmarnock 1-0 Rangers | Marley Watkins Strikes Late To Shock Rangers | William Hill Premiership
3 days ago 01:02:53 1
Relaxing Music|Gladiator Soundtrack|Now We Are Free Calm Continuous Mix
3 days ago 00:21:59 1
Denzel Washington and Mel Gibson Expose the Truth About Oprah Winfrey
3 days ago 00:04:36 1
AVI BENEDI - НАШ ДОМ ИЗРАИЛЬ / AVI BENEDI - NASH DOM ISRAEL
3 days ago 00:04:01 1
Pearl Park Beach Resort Neil Island by Experience Andamans
4 days ago 01:20:36 1
NEW RUSSIAN MUSIC MIX 2024 🔴 Russian Hits 2024 🔵 Russische Musik 2024 ⚪ Best Russian Mix 2024 🎶
4 days ago 00:15:35 1
Why St. Moritz is the Birth Place for Winter Tourism | Engadin Valley: A Paradise in Switzerland
4 days ago 00:58:22 1
The most beautiful village in Switzerland – Grindelwald will take your breath away
4 days ago 00:59:25 1
РУССКАЯ МУЗЫКА 2023 - 2024 ▶ Новинки Музыки 2023 🔵 Русские Хиты 2023 🙂Топ Музыка 2023 Новинки 🔊
4 days ago 00:03:05 1
The Tragic Reign of Cleopatra: Egypt’s Last Pharaoh
4 days ago 00:00:57 1
Bulgaria’s Cradle of History: The Storied City of Veliko Tarnovo #history
4 days ago 00:08:03 1
The Complete History of Bread 🍞 Famous Varieties Healthiest Options and Easy Homemade Recipe