BRICS Just "Declared War" on the U.S. Dollar
Published: 2025-08-18
Status:
Available
|
Analyzed
Published: 2025-08-18
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 6
Prediction
Topic
Status
BRICS nations are testing a new currency that will challenge the US dollar's dominance.
"And even at the recent brick summit in Rio, for example, Brazil's president Lula called on members to test the new currency, which will become a direct challenger to the dollar."
Correct
The US dollar's share of global dominance, currently at 58%, could fall significantly faster if BRICS nations' efforts succeed.
"And if they succeed, the dollar's share of global dominance, which has already slipped from over 70% two decades ago to about 58% today, could fall a lot faster."
Correct
New tariffs imposed by the US on BRICS nations (10% general, 50% on India and Brazil) are estimated to cost American consumers and businesses up to $56 billion annually in increased prices.
"The first immediate reaction to the 10% tariff on bricks, plus the targeted 50% on India and Brazil, is estimated to cost American consumers and businesses up to $56 billion every year in higher prices."
Pending
Approximately 1/4 of US exports (worth billions in sectors like aircraft, agriculture, and tech) could be lost if BRICS nations retaliate by ceasing to purchase US products.
"Now, on the export side, the bricks markets account for about 1 of US exports. That's billions of dollars in aircraft, agricultural goods, and tech that could be lost if these countries follow through with their retaliation and they stop buying US products, which would obviously affect the companies making them and their share prices."
Pending
A continued decrease in foreign demand for US Treasury bonds could lead to significantly higher interest rates, increasing the cost of financing US deficits and borrowing for consumers.
"And with foreign ownership of treasuries already going down to about 30% of outstanding US debt means that if this keeps on going, it could push interest rates much higher, making it more expensive to finance US deficits and more expensive for us as consumers to borrow money."
Correct
By 2025, over 50% of China's cross-border trades are settled in yuan, a significant shift from more than half being settled in dollars in 2020.
"Because back in 2020, more than half of China's crossber trades were settled in dollars. But by 2025, that is now flipped with over 50% now done in yuan."
Correct
India will no longer purchase US weapons in response to a 50% tariff on their goods.
"India has announced they will not be buying Americanmade weapons following a 50% tax on their goods."
Incorrect
Trade between BRICS nations increased by over $700 billion between 2021 and 2024, with a growing portion of this trade no longer being conducted in US dollars.
"And that's a huge increase in just 3 years. And it's not just the volume that matters. It's also how they're doing it. Because a big growing part of that trade is no longer happening in US dollars."
Unrated
Chinese BYD electric cars have largely replaced Ford vehicles in Brazil, with BYD making multi-billion dollar investments and using local currency payment agreements, bypassing the US dollar.
"In less than a year, thousands of cars made by Ford have disappeared from factory lots and replaced almost entirely by Chinese BYD electric cars. And BYD is now the world's biggest EV maker. And they've expanded into Brazil with multi-billion dollar investments, new production lines, and payment agreements in local currencies, which bypass the US dollar."
Incorrect
BRICS expanded from five countries in 2009 to nine in 2024, and Indonesia joined in 2025.
"In 2009, the BRICS was just five countries. In 2024, they added four more. And in 2025, they got an even bigger surprise. Indonesia became a member."
Incorrect
The US has implemented a 25% tariff increase on India.
"As we just discussed, the president signed an executive order also increasing tariffs on India by 25%"
Incorrect
Brazil is experiencing factory slowdowns, order cancellations, and job risks due to US tariffs.
"So right now they're starting to feel the effects of their factories slowing down, orders being cancelled, and millions of their jobs at risk. So of course, that's why we're seeing those countries fighting back. But a quick pause because I want to show you a tool that I've been actually using that's become kind of a cheat code for my research process. It's called Mumu."
Incorrect
BRICS nations collectively represent approximately 56% of the global population and nearly half of the world's GDP.
"And they now account for roughly 56% of the world's population and close to half of global GDP."
Incorrect
The BRICS bloc is now economically larger than the G7 countries combined.
"And that means the bricks are now bigger than Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, or what's called the G7 group."
Correct
For the first time, the Chinese yuan has surpassed the US dollar in China's overseas transactions.
"In fact, in China's overseas transactions, the yuan has overtaken the dollar for the first time in history"
Correct
BRICS nations are seeking to strengthen ties within the bloc by redirecting trade to other markets.
"They want to match US tariffs, redirect trade to other markets, and they want to form stronger ties within the block."
Correct
The effectiveness of US sanctions as a geopolitical tool may diminish as fewer countries rely on dollars for trade.
"On top of that, the sanctions the US uses, which is one of its most powerful geopolitical tools, also becomes less effective when less countries need the money to trade with."
Correct
A decline in the dollar's global dominance could lead to higher US borrowing costs, reduced sanction power, and a global economic restructuring.
"And that means potentially higher borrowing costs for US consumers, weaker sanction power, and a restructuring of the global economy."
Correct
BRICS nations are aiming to reduce reliance on the dollar by increasing trade in local currencies, developing new payment systems, and exploring a shared currency for cross-border commerce.
"And the way they want to do that is by trading more in local currencies, building new payment systems, and even talking about a shared currency for crossborder commerce."
Correct
US tariffs are having an unintended effect of uniting and bringing BRICS countries closer together, rather than dividing them.
"So instead of putting pressure and dividing the BRICS countries, these tariffs are actually having the opposite effect. They are uniting them. They're pulling them closer together."
Correct
Discussions are underway within BRICS to price oil sales in currencies like the Chinese yuan and to develop a shared BRICS currency.
"There's talks about new payment networks that bypass Swift, oil sales that are priced in currencies like the Chinese yuan, and even talks about a shared bricks currency."
Correct
India and Brazil are considering retaliatory actions against US tariffs, including not buying US goods, matching tariffs, deeper integration within BRICS, supply chain redirection, and moving away from dollar-based payments.
"India has announced they will not be buying Americanmade weapons following a 50% tax on their goods. Both India and Brazil are also talking about retaliation or fighting back, not just with not buying US goods or matching tariffs, but with deeper integration into the bricks and redirecting their supply chain to other member countries and moving away from dollar-based payments."
Correct