ilmscore | DeDollarization: Why Russia, North Korea, & Vietnam Teamed Up

DeDollarization: Why Russia, North Korea, & Vietnam Teamed Up

Published: 2024-07-01
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
The speaker believes the US dollar's status as a global reserve currency could end within the next 20 years, or possibly sooner.
"well I I think it happens in my lifetime uh I think it could happen in the next 20 years or earlier"
US Dollar Reserve Currency Status
Pending
Russia, North Korea, and Vietnam are forming an alliance, indicating a shift in geopolitical partnerships.
"Russia and North Korea two of the world's most sanctioned countries are forming a team along with Vietnam in the latest countries to join this Alliance"
Emerging Alliances
Pending
The BRICS alliance has doubled in size since the start of 2024, now including Iran, UAE, Ethiopia, and Egypt.
"the bricks October Summit which is held in Russia and it's also why the bricks team has doubled since the start of 2024 and now now includes countries like Iran the United Arab Emirates Ethiopia and Egypt"
BRICS Expansion
Pending
The speaker predicts that within their lifetime, another global reserve currency may emerge alongside the US dollar.
"maybe in my lifetime there will be another world Reserve currency that can exist at the same time as the US dollar"
Global Reserve Currency Landscape
Pending
Jerome Powell, Chairman of the Federal Reserve, has indicated a possibility of a future where two world reserve currencies coexist.
"even Drome pal the chairman of the Federal Reserve said he could see a world where there might be two World Reserve currencies that exist at the same time"
Multiple Reserve Currencies
Pending
It is historically possible and likely that more than one major reserve currency can exist concurrently.
"it's also possible to have more than one large Reserve cury there have been times when that was the case"
Multiple Reserve Currencies
Pending