BRICS currency? The ONLY way it can work | David Woo

Should there be a BRICS currency? The question has become an important part of the debate over the future of the international financial architecture. What would Robert Mundell, the father of the euro, say about the readiness of the BRICS to adopt a common currency? Is a BRICS currency necessary for de dollarization? What is the truth about a BRICS gold backed currency? What is the only way it can work? How can an economic and monetary union between China and Russia help the China economy and keep Russia in the Ukraine war? How would a BRICS currency change the rivalry of the global south vs the global north, the unipolar vs the multipolar world? David Woo, a former top-ranked Wall Street global macro strategist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.

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#investing #brics #geopolitics
00:00 Introduction
00:45 Will there be a BRICS currency?
02:15 Does BRICS meet Mundell's 4 conditions?
05:49 Can BRICS have their cake and eat it too?
10:45 Fears of a weaponized dollar
11:44 What should BRICS do?
14:08 Conclusion