ilmscore | Trump Retaliates Against BRICS Plan to Replace US Dollar

Trump Retaliates Against BRICS Plan to Replace US Dollar

Published: 2025-07-14
Status: Analyzed

Predictions from this Video

Total: 10
Correct: 3
Incorrect: 4
Pending: 3
Prediction
Topic
Status
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."
Payment Systems
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."
Gold Hubs
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."
Monetary Standard
Incorrect
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."
New Monetary System
Pending
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."
International Tariffs
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."
Federal Reserve Actions
Pending
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."
Central Bank Holdings
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."
Basel 3 Reforms
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."
Basel 3 Reforms
Correct
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?"
De-dollarization
Pending