ilmscore | A New World Order Is Coming | BRICS Currency Explained

A New World Order Is Coming | BRICS Currency Explained

Published: 2023-09-15
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
Six new countries (Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and UAE) were expected to join BRICS in 2024.
"starting next year in 2024 they're going to welcome six new countries to their list including Saudi Arabia Iran Ethiopia Egypt Argentina and the United Arab Emirates"
BRICS expansion
Pending
There was a rumor that the new BRICS currency would be backed by gold.
"and their new money is rumored to be going back to the gold standard"
BRICS currency
Pending
Central banks' share of dollar reserves reached a 20-year low of 58%.
"the central bank's share of dollar reserves is at a 20-year low of 58 percent"
US Dollar Reserve Currency Status
Pending
The importance of the US dollar declined significantly between 2014 and 2022.
"the importance of the dollar has declined significantly from 2014 to 2022"
US Dollar Reserve Currency Status
Pending
Ray Dalio predicted that all world reserve currencies will eventually end.
"all World Reserve currencies will inevitably come to an end"
World Reserve Currencies
Pending
The BRICS New Development Bank (NDB) had approved over $30 billion in loans for development and infrastructure projects since its founding in 2014.
"since its founding in 2014 the bank has approved more than 30 billion dollars in loans for development and infrastructure projects"
BRICS New Development Bank
Pending
BRICS countries were planning to create their own gold-backed currency to reduce their reliance on the US dollar.
"these countries are combining to create potentially their own currency that's backed by gold to lessen their need and dependence of using dollars"
BRICS currency backed by gold
Pending
A loss of confidence in the dollar could lead to investors withdrawing money from US stocks and real estate.
"if people lose confidence in the dollar and dollars are not as needed as they are then investors would pull their money out of the US which would create less of a need and a want to buy things like U.S stocks and U.S real estate"
US Economy and Dollar
Pending
If the US prints money and other countries don't need dollars, more dollars will remain in the US, leading to higher prices.
"if it can't give out those dollars to other countries because they don't need them that means more dollars here in the US which also means higher prices like we've seen so far"
US Inflation
Pending
The price of oil was already contributing to higher inflation in the US.
"we're already starting to see the effects of this on the price of oil which is contributing to higher inflation in the US"
Oil Prices and US Inflation
Pending
Dedollarization is inevitable and has been occurring for decades, but it is expected to take a long time, possibly beyond the current lifetimes.
"dedolarization is inevitable and it's been happening for the last few decades now but no one knows for sure how long it's going to take all we know is that based on today's data it should take a long time perhaps not even in our lifetimes"
Dedollarization
Pending