BRICS Currency: The US Dollar Threat

US dollar is losing its grip as the international trade currency. Jim Willie returns discussing the rise behind BRICS as a new economic and financial powerhouse. Will XRP be adopted by BRICS and/or will BRICS create their own currency?

Join us as Jim provides insights on US and International financial status.

Jim Willie's Website:
https://www.golden-jackass.com/

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My thanks to DCny56 for posting this below
1:26 US government debt default. Rising interest rates not attracting bond investors.
3:29 Yellen declared no Eurodollars can be transferred to US banks. Invalid treasuries indicate a bond default.
4:34 Printing money to cover deficits as we convert deficits into securities, treasury bonds. The deficits become bonds that we can't sell.
6:47 U.S. government debt is going up at a faster rate than our deficit which means we're lying about our deficits.
6:53 "I don't like the collapse of our dollar and the collapse of our nation. I will celebrate the collapse of the Biden show."
7::10 UAE trying to get back their sovereign wealth that was put into European banks during the Yemen war
7:50 Something very big that's about to happen. Numerous countries are going to sell treasury bonds and there will be no buyers.
11:00 Federal Reserve to become the U.S. government 'bad bank' as it laps up all the dozens and dozens of treasury bonds that countries and sovereign wealth funds dump.
12:26 No buyers for treasuries in the regular market. Pension funds and insurance companies not buying.
16:19 At Long Beach they're refusing treasury bills as payment for imports.
20:58 BRICS are de-dollarizing in every possible area: banking, trade, savings.