Trump Retaliates Against BRICS Plan to Replace US Dollar
Published: 2025-07-14
Status:
Available
|
Analyzed
Published: 2025-07-14
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 13
Prediction
Topic
Status
Any country aligning with BRICS policies will face an additional 10% tariff.
"any country aligning themselves with the anti-American policies of bricks will be charged an additional 10% tariff."
Incorrect
Membership in BRICS will result in a 10% tariff, potentially leading to a short membership duration.
"if they're a member of BRICS, they're going to have to pay 10% tariff just for that one thing and they won't be a member long."
Incorrect
90% of commerce among BRICS nations is now settled in local currencies, an increase from 65% two years prior.
"about 90% of commerce among BRICS nations is now settled in local currencies and this is up from 65% just 2 years ago."
Correct
Mbridge has achieved Minimum Viable Product (MVP) status, is fully operational, and bypasses SWIFT and the US dollar. A 50 million dirham transaction from UAE to China was completed in 10 seconds in 2024.
"Mbridge has reached MVP status. So this means that Mbridge works. In 2024, the UAE sent 50 million dirhams to China on Mbridge in just 10 seconds. So that means that Mbridge is fully operational and it bypasses Swift and the US dollar."
Correct
As of July 2025, the MVP phase for Mbridge is complete, with ongoing pilot transactions, acceptance of new participants, and moving towards commercial readiness.
"As of July of 2025, the MVP phase is now complete. So pilot transactions are ongoing. So they're not yet commercially deployed, but they are accepting new participants. And the next phase is going to be the commercial readiness phase."
Correct
The US dollar is experiencing its worst year in the past 50 years due to devaluation.
"The US dollar is weakening because it is being devalued and it's having its worst year in the past 50 years."
Incorrect
Foreign countries have ceased purchasing US government debt as reserve assets, returning to levels seen 13 years ago.
"other countries have stopped purchasing US government debts as their reserve assets. So it's at the same level that it was 13 years ago."
Incorrect
Central banks are shifting from US government bonds to gold as their reserve asset, with significant increases in gold purchases over the last 15 and especially the past 3 years.
"central banks around the world are not buying US government bonds as their reserve asset. Then what are they buying? They are buying gold. And they've been buying very heavy for the past 15 years. And it's been really ramping up over the past 3 years. And this is just a start."
Correct
The Bank of International Settlements (BIS) implemented its Basel 3 reforms on July 1st, 2025.
"the Bank of International Settlements in Switzerland... they've just gone live with their Basel 3 reforms as of July 1st of 2025."
Correct
Basel 3 reforms are re-integrating physical gold into the international financial system.
"Basel 3 returns physical gold back into the hearts of the international financial system."
Correct
Under Basel 3, physical gold becomes more favorable for banks due to higher funding requirements for paper gold.
"under Basel 3 is that physical gold becomes much more favorable to the banks because paper gold is going to have a higher funding requirements."
Correct
Basel 3 is influencing the financial system to favor physical gold, leading to increased demand for physical delivery.
"Basel 3 is steering the system towards physical gold, which is why we're seeing so much physical delivery demanded of gold."
Correct
The Shanghai Gold Exchange (SGE) has opened its first offshore physical gold delivery vaults in Hong Kong to boost international participation.
"The SGE has opened its first offshore physical gold delivery vaults in Hong Kong as a strategic move to increase international participation."
Correct
China plans to establish global gold hubs in locations like Dubai, Singapore, Asia, Africa, and the Middle East as part of BRICS Pay settlement pilots.
"China's going to open up gold vaults all around the world. Dubai, Singapore, all over Asia, Africa, and the Middle East. So, these gold hubs are part of the bricks pay settlement pilots."
Incorrect
The world is moving towards a gold standard where gold, not US dollars or government debt, will be the reserve asset.
"we're talking about the world going back to a gold standard, not a goldback currency. And the reserve asset is going to be gold, not US dollars or government IUS."
Incorrect
Dedollarization is an ongoing process, not a single event.
"dedollarization, it's not an event, it's a process. And we're going through this process right now."
Correct
Gold will be an integral component of the emerging new monetary system.
"for the new monetary system that emerges, we know that gold is going to be a part of it."
Pending
Any country aligning with BRICS policies will face a 10% tariff.
"So it says that any country aligning themselves with the anti-American policies of bricks will be charged an additional 10% tariff. There will be no exceptions to this policy."
Pending
Membership in BRICS will result in a 10% tariff.
"So, anybody that's in bricks is getting a 10% charge. Is that an immediate start or is that if they engage in some behavior?"
Incorrect
BRICS members will be subject to a 10% tariff, leading to decreased membership.
"Well, if they're a member of BRICS, they're going to have to pay 10% tariff just for that one thing and they won't be a member long."
Incorrect
The Mbridge payment system has reached Minimum Viable Product (MVP) status and is functional.
"So, the BIS, who is I mean you could think of them as like the central bank of central banks, they said that Mbridge has reached MVP status. So this means that Mbridge works."
Correct
Mbridge is fully operational, having successfully transferred 50 million dirhams from UAE to China in 10 seconds, bypassing SWIFT and the US dollar.
"In 2024, the UAE sent 50 million dirhams to China on Mbridge in just 10 seconds. So that means that Mbridge is fully operational and it bypasses Swift and the US dollar."
Correct
As of July 2025, the MVP phase of Mbridge is complete, with ongoing pilot transactions and new participants being accepted, though not yet commercially deployed.
"And as of July of 2025, the MVP phase is now complete. So pilot transactions are ongoing. So they're not yet commercially deployed, but they are accepting new participants."
Pending
The critical concern is the potential loss of the US dollar's status as the world's reserve asset.
"What's important is if the US dollar loses its status as the reserve assets of the world."
Pending
Other countries have ceased purchasing US government debt as their reserve assets.
"So, we're talking about US government debts. But take a look. As you can see, other countries have stopped purchasing US government debts as their reserve assets."
Incorrect
The level of US government debt held as reserve assets by other countries is at the same level as 13 years ago.
"So it's at the same level that it was 13 years ago."
Incorrect
The Federal Reserve will need to print trillions of dollars to purchase US government debt that other countries are no longer buying.
"So what's going to happen is that the Federal Reserve will have to step in as the buyer of last resorts and print trillions of dollars to buy all these US government IUs that other countries don't want."
Pending
Central banks are shifting from buying US government bonds to purchasing gold as their reserve asset.
"Central banks around the world are not buying US government bonds as their reserve asset. Then what are they buying? They are buying gold."
Correct
Central banks have been significantly increasing their gold purchases over the last 15 years, with a notable acceleration in the past 3 years, and this trend is expected to continue.
"And they've been buying very heavy for the past 15 years. And it's been really ramping up over the past 3 years. And this is just a start."
Correct
Basel 3 reforms went into effect on July 1st, 2025.
"And they've just gone live with their Basel 3 reforms as of July 1st of 2025."
Correct
Basel 3 reforms will reintroduce physical gold as a central component of the international financial system.
"So Basel 3 returns physical gold back into the hearts of the international financial system."
Incorrect
Under Basel 3, physical gold will be more attractive to banks than 'paper gold' due to higher funding requirements for the latter.
"So what happens under Basel 3 is that physical gold becomes much more favorable to the banks because paper gold is going to have a higher funding requirements."
Correct
Basel 3 is influencing the financial system to favor physical gold, leading to an increased demand for physical gold deliveries.
"So in effect, Basel 3 is steering the system towards physical gold, which is why we're seeing so much physical delivery demanded of gold."
Correct
Gold is a key element in BRICS' strategy to challenge the dominance of the US dollar.
"Gold is at the heart of the bricks plan to dethrone the US dollar."
Correct
The Shanghai Gold Exchange (SGE) in China is not a major international gold market due to limited access caused by Chinese currency controls.
"Now in China, gold is traded on the SGE, so the Shanghai gold exchange. Now this is not a major international market for gold because of its limited access due to currency controls implemented by China."
Incorrect
China is expanding the international reach of its gold market, beginning with Hong Kong.
"But now China is expanding their gold market internationally starting with Hong Kong."
Correct
The Shanghai Gold Exchange has established its first offshore physical gold delivery vaults in Hong Kong to boost international participation.
"So the SGE has opened its first offshore physical gold delivery vaults in Hong Kong as a strategic move to increase international participation."
Correct
China plans to establish gold vaults globally in locations such as Dubai, Singapore, and across Asia, Africa, and the Middle East.
"China's going to open up gold vaults all around the world. Dubai, Singapore, all over Asia, Africa, and the Middle East."
Correct
The development of gold hubs signifies a move towards a global gold standard where gold, not the US dollar or government debt, will serve as the reserve asset.
"So, these gold hubs are part of the bricks pay settlement pilots. So, we're talking about the world going back to a gold standard, not a goldback currency. And the reserve asset is going to be gold, not US dollars or government IUs."
Incorrect
Countries are divesting from US dollars for savings and wealth, opting instead to hold these assets in gold.
"So, what's happening is that other countries no longer want to hold their savings or their wealth in US dollars. So, they're choosing to hold their savings and wealth in gold."
Correct
De-dollarization is not solely driven by BRICS, but BRICS is actively working to accelerate the process.
"So, I just want to tell you that this whole process of ddollarization, it's not being caused or driven by bricks, but bricks, yeah, they're trying to accelerate the process."
Correct
President Trump is attempting to decelerate de-dollarization by threatening BRICS nations with a 10% tariff.
"But President Trump is trying to slow down ddollarization by threatening BRICS nations with an additional 10% tariff."
Pending
There is a question as to whether Trump's tariff threat will slow or accelerate de-dollarization.
"But the question is, is that going to work or is that going to backfire and actually accelerate ddollarization?"
Pending
De-dollarization is an ongoing process, not a single event.
"But listen, all I can tell you is that dd dollararization, it's not an event, it's a process. And we're going through this process right now."
Correct
Gold is predicted to be a component of the future monetary system.
"And also for the new monetary system that emerges, we know that gold is going to be a part of it."
Correct