BRICS TAKING OVER!? A New Global Reserve Currency!?
Published: 2023-09-02
Status:
Available
|
Analyzed
Published: 2023-09-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The BRICS bloc could represent almost 40% of global GDP if the six invited countries join, and over 50% of the world's population if all pending applications are approved.
"If just the six invited countries join the bricks then the block will account for almost 40% of world GDP and if the applications from the other countries are approved then it will account for more than 50% of the world's population."
Pending
Commodity prices peaked in the early 2010s and could peak again by the mid-2030s, potentially falling until the mid-2020s.
"The last commodity cycle peaked in the early 2010s this means the next Peak could happen as soon as the mid 2030s however commodity prices could continue to fall until the mid 2020s."
Pending
The existing five BRICS countries represent 31.5% of global GDP and 41% of the world's population, surpassing the G7 in these metrics.
"The five existing bricks countries account for almost 31.5% of global GDP compared to 30.7% for the G7 Furthermore with 3.14 billion people bricks Nations account account for 41% of the world's population."
Pending
The EU is predicted to be the first to shift allegiances away from the US, with European countries like France already showing hesitancy, and an EU country potentially joining the BRICS in the coming years.
"As far as we can tell the EU will be the first to fold Large European countries such as France have already been hesitant to side with the US when it comes to China chances are that an EU country could break ranks and join the brick bricks in the coming years."
Pending
Bitcoin is predicted to be on the verge of becoming the world's next reserve currency.
"Bitcoin will be just a few steps away from becoming the world's next Reserve currency."
Pending
Beginning in 2025, central banks globally will be permitted to allocate up to 2% of their balance sheets to cryptocurrency, which could lead non-BRICS countries to adopt similar strategies.
"The fact that central banks around the world will be allowed to hold up to 2% of their balance sheets in crypto starting 2025 sets the stage for non- bricks countries to follow suit."
Pending
If the BRICS coalition includes all major commodity exporters, they could establish monopolies on key commodities, compelling other nations to align with the BRICS, similar to how the US has used its currency to influence global alliances.
"if the brics Coalition manages to add all the major commodity exporters it could establish monopolies on the most valuable Commodities and force countries to side with the bricks in exchange for these Commodities the same way that the US has forced countries to side with it in exchange for US Dollars."
Pending
Russia is reportedly considering the use of cryptocurrency for international trade and even for mining Bitcoin for these purposes.
"There have been multiple reports about Russia considering ing using crypto for international trade and even mining its own BTC for these purposes."
Pending
Saudi Arabia is attempting to move away from dollarization, experimenting with accepting oil payments in currencies like the Chinese Yuan.
"Saudi has been trying to dollarize this is evident in its experimentation with accepting payment for oil in other currencies namely Chinese Yuan."
Pending
If pending applications are approved, the BRICS bloc could represent over 50% of the world's population and control a majority of global commodity exports.
"if the applications from the other countries are approved then it will account for more than 50% of the world's population it could also account for most of the world's commodity exports by that point."
Pending
BRICS countries have been exploring the use of cryptocurrency for payments since 2017, with discussions in 2019 about a unified crypto payment system, including a proposal for a stablecoin by Russia.
"the bricks have actually been discussing using crypto for payments since at least 2017 in 201 19 bricks countries discussed creating a unified crypto payment system with Russia proposing a unified stable coin."
Pending
The BRICS bloc is expected to formalize its organization once it reaches a sufficient size, with recent and upcoming expansions potentially facilitating this.
"it's believed that bricks will establish a formal organization once it becomes large enough and the recent and future additions could do the trick in that regard."
Pending
Iran has reportedly been utilizing cryptocurrency for international trade since the autumn of the previous year.
"Iran is also reportedly using crypto for international trade as of last Autumn."
Pending