It's not anti-West, it's just pro-peace, pro-sovereignty, pro-plurality of systems, pro-development 🤍 really hoping BRICS+ can help North Korea & Cuba, they deserve better. SWIFT has been very discriminatory toward Muslims (trust me, my last name is Malik, I'd know). Good riddance. Trading with a currency with pictures of slave-owners on its bills is bad juju anyway. Thank you Prof & Pascal 🙏🙏
If it was not for the west, slavery would still exist. No civilization or culture are angels. However, the British were the first to present the concept that slavery was evil. Muslim powers like the Ottoman Empire had been importing millions of slaves from Slavic lands for hundreds of years. That is the definition of the word slave. The slave trade in Africa could have never existed if it was not the acceptance of slavery by African victors in tribal wars. Islam accepted slavery. It was not until Deist influence in the English empire came along to change the narrative.
Prof. Chenoy, it is a pleasure to listen to you because you are so positiv. Living in europe and fearing a bigger war is so worrying all the time. My hopes are, that one day we also join BRICS.
Do not fear the big war. However the economic decline is concerning. Matthew 24: 7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places. 8 All these are the beginning of sorrows.
Greetings to this important channel from the Caribbean Sea, specifically from the Dominican Republic. The West must accept that the countries that created BRICS and then those that join its digital platform for international business, have not done so for reasons of making SWIFT disappear or weakening, but rather simply to have their own system where they can exercise freedom without sanctions, blackmail or abuse of any kind.
Who are you? How much do you smuggle across borders that actual systems in place bothers you? How's your country doing for everyone, not just those with families with political ties? 😂😂
A woman from DR at the UN for a preparatory meeting before the Beijing International Conference for Women in 1995 said that the U.S. had bombed DR four times in recent history. Look at Haiti, Cuba, Grenada, Jamaica, etc. Read CLR James. Remember Michael Manley. See what Mia Mottley and Barbados are doing now. Compare to British Virgin Islands, Panama, Cayman Islands, etc etc etc
@@SLF-o2wyuh got me vote, down wid dih IMF SCAM and using dih yankee $ as ah commodity and thugery fih bsck it up; bloody scammers. Dem tink we fool fool; unoo guweh.
Prof Anuradha Chenoy is absolutely right, BRICS is not an anti-West bloc but nations that seek to exercise their rights to create or set an independent financial system to trade outside of the existing Western controlled financial system eg. mBridge over SWIFT. USA is free to trade with them in USD but nations can decide on the currencies between them apart from USD. Trump in threatening to slapped 100% tariff on BRICS nation is simply unacceptable and will lead to faster dedollarisation or countries dumping their US dollar reserve they are holding.
let the west keep digging its hole deeper , at this stage the global south need not do anything , as the west is doing its own unwinding work that its blind to ,,,fking poetic if you ask me , multiple systems is key . one hegemony would lead to global tyranny the likes has never been seen ,that would become the new dark age in consciousness , the controllers days are numbered , and they know their time is short , hence all the chaos and mad laws attempting to stop the awakening ( too late ha ha ) poetic
Trump has got no brains he shoots with his mouth unlike the bricks nation look at Putin Xi Ch Ping and South Africa and Ve Brazil leaders who have more grey cells than US and the West (bullies) am afraid they are no longer colonial powers
Tariff is just another word for tax, in other words, they're counterproductive..it's supremely ironic that the us of a is busily ruining the international commercial system that it built, largely, to it's own advantage.
"Permit me to issue and control the money of a nation, and I care not who makes its laws". This famous quote, (whether true or not) is at the heart of the issue. The Dollar/Swift monopoly has been grossly abused and some competition could help to keep it more honest.
@@metugeekane8454 .. Some poles are more powerful than others. China at the top, then Russia or India, then Brazil, South Africa way down. I think you're being too simple minded.
@@metugeekane8454 .. Depends how you want to define poles - but given your 'great powers' definition the hierarchy is USuk, China, Russia / India, the rest aren't really great enough by your definition. I think you're still deluded. We're talking about Global Dominance. USuk is by far the most global.
Me too, but unfortuneately our successive governments have allowed the US to gain financial, political, and military control of Australia. The US has done the same in many Western, and 3rd world countries for that matter, but especially the with the so called allies.
Fellow Aussie and agree 100% We will go down with AUKUS and now we are Targets from China and Russia for helping the US and NATO and UK, We need to be Neutral..
it got drunk on power like the British before it, then it collapsed as it the united nations will do , no one escapes that cycle that repeats , this i know
Wonderful interview, bravo Pascal. Could you invite the swiss Colonel Jacques Baud, i would love to see him on your channel for a free talk. He's a specialist for Ukraine and the Middle East.
Let the rest bark, Brics must become a reality ASAP, we Indians have seen worse, another worst to become great permanently, is a small price to pay...let the us keep barking
live and let others live how they choose desire , im a westerner and im all for as many polarities as we can have , if life is an ice cream i want every flavor imaginable , not one boring over bearing vanilla America / west , but multiple flavors.... i shouldn't even have to comment on this it should be self apparent , but we live among control freaks whose minds live in fear and so seek to make the world in their image and get all to buy into that image so as to them feel comfortable under their scary night time bed sheets , fuk hegemony , MULTI-POLAR IS AND WILL BE KING ,,,at the very least their always be 2 polarities (yin and yang) never one always 2 or more , this ancient understanding the control freaks do not understand , because again their default mode of mind is FEAR and LIMITED in time they now are
China - Manufacturing & AI India - Finance & IT Russia - Energy & Food South Africa - Gold & Platinum Brazil - Tropical produce & Biotech BRICS make economic sense. Lower cost for all of above.
ONE THING VERY IMPORTANT YO YHR CREATION OF B R I C S ACTUALLY IS USA BULLING POWER OWNERSHIP DOLLAR SYSTEM WHICH HAS TURNED AS USA MONITARY WEAPON TO SANCTIONS.
Finally an informed and more in depth conversation. So many videos are too basic. These videos are only meant to cash in by providing basic information.
In 1975/6 the Naira exchange rate to the $ was N0.62. Today, the same $ is being exchanged for almost N1,800. Over the period, the Naira has depreciated by 2,903% - a fair measure of the extent to which the American government is enslaving the Nigerian citizenry. So if a way emerges, as the BRICS system has, it should be embraced.
Toilet paper for your precious resources.😂😂😂😂🇯🇲🇯🇲🇯🇲🙏🏼. When BRICS gets fully running, it will be the end of the Western dominance and render sanctions ineffective. The end of an era🙏🏼🙏🏼🙏🏼🙏🏼
why did countries accept to use the dollar it is Not their currency, and how can one country's currency be a so called reserve currency for other countries.
After WW2 the USA was by far the worlds strongest economy. Since that time the US has controlled world finances, and markets using amongst other controlling measures, the world bank, the IMF, the petrodollar, and ensuring all commodities are traded only in US dollars, leaving other nations with no choice, and risking sanctions, and other punishments if they dare to deviate. Most people have no idea (thanks to massive amounts of propaganda) just how ruthless and controlling the US, and before them the British have been, purely to keep world hegemony and therefore control.
@@svenhanson398 yes and Iraq and Libya. Both countries were planning on using different currencies to trade in for better returns and they were basically wiped off the map!
I am anti-Western hegemony, anti- imperialism/ neo-colonialism, dominance, bullying. I am pro-myself and my own people. Why, as an equal human being, don't I have that right?
The Hollywood stories vs the Bollywood stories. But, it's not that facile. There's much overlap. The clarity comes with constant and multilevel inspection of both systems and attitudes based on culture, religion, history and beliefs. There's no right and wrong in general , but there are attitudinal problems galore. And there can be countenanced no genocide, ecocide, or wars using one peoples as a weapon against another for the purpose of mass theft and or mass death. Intentionality is a 'thing' within this meaning. We need to get along to the benefit of all life and natural ecosystems. Too much to ask? It might be. We haven't shown any ability to control ourselves thus far. And, I haven't heard how climate and environment fit into this financial construction yet. Neither for the USD nor any discussion within the BRICS. It's more than Green bonds. The climate doesn't respond to financial instruments or structures, it's physics. The climate doesn't respond to fiscal measures or percieved clever financial engineering and sexy instruments. The financial economy fits inside nature and life systems. But we don't yet appear to understand that yet. We live under ideologies.
Informative information for knowledge seekers listening is an important asset. GET INFORMED THROUGH THE LEARNING VERY IMPORTANT PROCESS NEEDED FOR OWNING OWN GOOD BETTER LASTING SATISFYING KNOWLEDGE CONCLUTIONS LEARNED. GLOBAL SOUTH LEADING BRICS ARE GETTING AND GROWING GETTING BIGGER DUE TO THE ECONOMIC DIVERSE TRADE STRUCTURE SYSTEMS. WHY ALL THIS MISH-MASH OBSERVE DUE TO USA SANCTIONING MANY COUNTRIES IN FORMER COLONIAL STATES.
The Western definition of “Against the West” is any country that does not bend to Western dictates. So any further discussion is moot. Any move away from the dollar by establishing independent financial systems is a threat to the dollar as the global reserve currency, which underpins American hegemony (as they lose technological, political, economic, and progressively, military primacy), so this is also absolutely unacceptable to the U.S. (and by extension, all vassal states of the West). The adoption of the French language by Niger is not a “benefit”, but a form of cultural imperialism as part of its colonisation, or to put it in the current terms preferred by the “West”, Cultural Genocide. It would be rather like saying that the Native Americans received huge benefits from gaining the use of the English language. I think there is no need to bend over backwards to try to acknowledge “huge benefits” accruing from the period of brutal Western colonisation, domination, and continuing exploitation.
Fascinating conversation. I think the question that remains pending is the risk of holding USD and seeing these frozen or worse appropriated (as per the Russian assets). This alone will fuel de-dollarisation I would have thought.
What Chenoy says about the differing philosophies is interesting. Missionaries did the legwork of colonialism. Even though the West is relatively secular now, we still haven’t lost our hierarchical thinking. It’s deeply ingrained.
Would it be appropriate to define the NDB as "Publicly" owned (member Nation-State as 'stakeholders') institutional global lender, as an alternative to the Bretton Woods system's "Privately-Owned" banking (lending) institution?
Pascal ,India 🇮🇳 was economically ,far advanced than the British , before colonialism. What would have been in global south if colonialism had not existed? I believe the five hundred years of Eurocentric civilization,is the source of every problem we’ve today. I don’t think the global south benefited from Eurocentric domination in the last five hundred years.
No how much pain to set up a Brics system of trade using national currency , the Brics organisation will be successful in the end as the US government policy on sanctions of other countries using the use of USD accelerates as time goes on.The US intense pressure pushes the Brics members to work doubly hard to de-dollarization.. Such trend is not reversible as the US political system is anti-multilateralism.
They have no choice, but will start WW3, to try and protect the dollar, which will still fail to quite an extent, creating an equal financial system on both sides.
What is USDollar in reality? Same painted paper as all other fiat money. USD is NOT money proper, it is a promissory note, kind of Bill of Payment. Gold snd Silver is real, mineral resources are real. Bankers and Financial Gamblers must be kept under tight State Control and Regulation. Federal Reserve System is a private entity, so it's unreliable and potentially dangerous. Take, for instance the US Sovereign debt which is unimaginable and keeps growing. To whom the US people have to pay the Federal/Sovereign debt? Isn't it really strange?
@@jackiedelvalle Of course. But I assume that you are up to date about what exactly is going on right now. If not: search for Geopolitical Economy Report, Ben Norton's channel, the video published on November 30. And the words spoken by the Russian leader, translated by Michael Rossi, published on Michael Rossi Pol Sci channel, November 30 also.
A simple parallel would be a couple wanting to set up their own home - it is not because they hate their previous one ( most likely their parents' ) but because they want something of their own
whether it is anti-West or not depends on whether there can be a western identity that doesn’t include hierarchy over other civilisations and needing to dominate the planet. it isn’t anti western nations or western people; but if being western necessitates believing oneself superior to all other cultures on earth then, now and forever into the future, then i guess indirectly it is.
An excellent interview. Prof. Chenoy speaks with the clarity and authority of someone well versed in her subject and her field of study. Unfortunatly her article (which you link for reference) is locked behind the usual academic club paywall. The EPW Journal seems to be an excellent resource. 🪃
She said we are not dedollarising, we just use different currencies other than dollar. Which means dedollarization :). India was in the forefront of setting up the BRICS bank, and is already buying Russian oil in Indian rupees. In the coming years all countries will start using Indian rupees for their oil purchases.
Thanks for the breakdown! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Tariffs are placed on goods imported into the US not on national currencies. Tariffs are based on the demand for the US dollar as a global reserve trading currency.
The US$ is now where the UK £ Sterling was in the 1950s as they decolonized. Multi-currency use in international trade in the near future will be beneficial for many countries in maintaining their trade balance and their sole dependence on the few international currencies.
America is only 250 years old. What culture? Come back in a thousand years and we'll talk about culture. Right now, we only have our history of colonialism and slavery. We still walk on the bones of the murdered original inhabitants. We are children and it shows.
I respect the professor's faith that another economic and financial system can be created that will fulfil the needs of humanity. I wonder, however, about the practicality of that considering some of the BRICS countries have serious corruption issues and are led by authoritarian regimes ( ie Russia and China), whose policies may undermine noble goals. I hope she is right.
This BRICS thing is just a pipe dream. The members have been at it for more than fifteen years and all that has arrived is a years meeting or conference is nothing but hot air. What is most amazing if not downright hilarious is that India would dearly love to have the Rupee established as a world currency when even in this country the rupee is not worth the paper that it is printed on. Why the BRICS movement will never succeed has been dealt with in the many posts available on the Net
Dynastic cycle (traditional Chinese: 朝代循環; simplified Chinese: 朝代循环; pinyin: Cháodài Xúnhuán) is an important political theory in Chinese history. According to this theory, each dynasty of China rises to a political, cultural, and economic peak and then, because of moral corruption, declines, loses the Mandate of Heaven, and falls, only to be replaced by a new dynasty. The cycle then repeats under a surface pattern of repetitive motifs.[1] - Wikipedia
The West fuels inequality by hiring "cheap" Indian workers, exploiting the falling Rupee. While these workers thrive again on stagnating assets, 99% face inflation. Meanwhile, in the West, local workers struggle with job displacement and wage stagnation, deepening disparities. Indians are replacing Americans. They are thriving over the decades, with the falling Rupee, they are leveraging their income to acquire real generational assets in India and invest in Indian stocks. This is further fueling rush to get to the west. #Tariff/s are a hidden tax on American consumers, raising the cost of goods and services they rely on. Similarly, #H1B effectively operates as a hidden tax on Americans by prioritizing cheaper foreign labor over investing in local talent and workforce development. Indians have displaced middle-class Americans from their own workplaces, treating them like the modern-day untouchables of corporate America. Most Indians in America are upper caste Brahmins. Brahmins account for approximately 4-5% of India's population. US getting there.
Why is the New Bank using 50% dollar. It seems that dedollarization is merely political not actual. The best approach is for BRICS to have its own currency. Any country needing to trade within and outwith BRICS can buy the BRICS currency, albeit at no cost and profit to BRICS traders. Using the dollar is a disaster!
It take a long time to change world currency . Due to the widely used USD being everywhere, it’s a “safe” currency because someone will need it tomorrow so a holder of USD can be sure it’s safe to do so
India is the biggest threat to US hegemony. While not yet considered a fully established "finance power" on par with traditional financial hubs like the US or UK, India is rapidly emerging as a significant player in the global financial landscape, primarily due to its robust economic growth, large population, and innovative digital payment systems like the "India Stack," which has significantly increased financial inclusion within the country; making it a rising financial power with potential to become a major player in the future.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
You either develop a system against sanctions or you don't. Seems like countries want to pick and choose features, still respecting illegal sanctions and simply taking advantage of countries affected by direct sanctions. So Russia is stuck with rupees it can't buy enough with and can only invest in Indian economy. So where is the benefit for Russia?
Every new initiative starts that way. There is a difference between the ruling class and the peasants. Americans are just an extension of the Imperial European in a different guise. To your Rupee Rubel question look at what the Russians have done in the last few weeks. They are making Railway carriages in India. So that is your answer. More outsourcing of Russian Manufacturing of high value commodities. Including defence equipment so they get their money's worth.
India might remember that many of its academic professionals were educated in ivy league universities in the West. BRICS countries will never be alternative to the US dollar, especially if they want to continue to trade with the US on reasonable terms.
If currencies were fully digital then we can have a swap done between countries based on a predetermined exchange rate. So that way countries don’t have to hold currencies of the other. We could also have a reserve currency that is tethered to select currencies and metals to give it some stability then each country can trade with that if they choose to. The Dollar would still be there but there’s so much trade that isn’t even happening because most chose or were forced to be in an old system. So many of our brothers and sisters in the human race have been left behind because of this. It’s time to spread the wealth and opportunities globally. 😢
The Usa has no intention of giving up its reserve currency for the next several decades. De-dollarization would mean the collapse of the US economy, which the Usa would never allow without severe repercussions. The global south has no choice but to stick with the petrodollar for the time being
The community that controls the media and the west. The community that strategically push propaganda. :) Africa understands this language because its as obvious as night and day the strategy being used by neocolonialism.
The challenge is the dollar is the most stable currency unlike the individual currencies within BRICS. It will take another 2 decades to set the BRICS finance system up
I went to Martinique many years ago and l could not spend my US $. I could not even change it in the bank, but l could change my Bd$, my EC$, and of course if l had pounds, francs or Euros l could spend those!
If the people of the world were serious about wanting to live in a peaceful world ,where the needs of everyone are prioritized over the indulging wants of the few , then I would suggest the complete abolition of all advertising ,in favour of a directory of produce and services . fairy(with love for humanity)
Excellent discussion and so timely. Balanced, informed and insightful. Thanks Pascal and Prof Chenoy
@@theburningarchive what she said are all what we already know and is repeated.
It's not anti-West, it's just pro-peace, pro-sovereignty, pro-plurality of systems, pro-development 🤍
really hoping BRICS+ can help North Korea & Cuba, they deserve better.
SWIFT has been very discriminatory toward Muslims (trust me, my last name is Malik, I'd know). Good riddance. Trading with a currency with pictures of slave-owners on its bills is bad juju anyway.
Thank you Prof & Pascal 🙏🙏
The US has perfected exploitation.
No US bill with Orange on it, yet.
Well you have been thrive under wastern culture, If dollar fail you will be very happy to be under Chinese and Indians good luck with that
If it was not for the west, slavery would still exist. No civilization or culture are angels. However, the British were the first to present the concept that slavery was evil. Muslim powers like the Ottoman Empire had been importing millions of slaves from Slavic lands for hundreds of years. That is the definition of the word slave. The slave trade in Africa could have never existed if it was not the acceptance of slavery by African victors in tribal wars. Islam accepted slavery. It was not until Deist influence in the English empire came along to change the narrative.
@@StevePowell-p9f
"If it was not for the west, slavery would still exist." 😂
Economic slavery is slavery.
@@StevePowell-p9f
Musk to hire government worker for zero pay on 80-hour week. 😂
BRICS+ is a golden opportunity to unite. Mutually beneficial cooperation, respect, equality and a shared vision. 🇧🇷🤝🇷🇺🤝🇮🇳🤝🇨🇳🤝🇿🇦+
It will be very very hard to do that with as diverse nations as Egypt and China
These are Western values. In their culture these are seen as nothing more than a sign of weakness because they are not important to them.
fn ..bs
Thank you so much, this is very insightful.
Prof. Chenoy, it is a pleasure to listen to you because you are so positiv. Living in europe and fearing a bigger war is so worrying all the time. My hopes are, that one day we also join BRICS.
Do not fear the big war. However the economic decline is concerning.
Matthew 24:
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
Greetings to this important channel from the Caribbean Sea, specifically from the Dominican Republic. The West must accept that the countries that created BRICS and then those that join its digital platform for international business, have not done so for reasons of making SWIFT disappear or weakening, but rather simply to have their own system where they can exercise freedom without sanctions, blackmail or abuse of any kind.
Who are you? How much do you smuggle across borders that actual systems in place bothers you? How's your country doing for everyone, not just those with families with political ties? 😂😂
A woman from DR at the UN for a preparatory meeting before the Beijing International Conference for Women in 1995 said that the U.S. had bombed DR four times in recent history. Look at Haiti, Cuba, Grenada, Jamaica, etc. Read CLR James. Remember Michael Manley. See what Mia Mottley and Barbados are doing now. Compare to British Virgin Islands, Panama, Cayman Islands, etc etc etc
@@SLF-o2wyuh got me vote, down wid dih IMF SCAM and using dih yankee $ as ah commodity and thugery fih bsck it up; bloody scammers. Dem tink we fool fool; unoo guweh.
In theory, that would be great, but China doesn't know how to be honest. If I had my way, we wouldn't trade with them at all.
Prof Anuradha Chenoy is absolutely right, BRICS is not an anti-West bloc but nations that seek to exercise their rights to create or set an independent financial system to trade outside of the existing Western controlled financial system eg. mBridge over SWIFT.
USA is free to trade with them in USD but nations can decide on the currencies between them apart from USD.
Trump in threatening to slapped 100% tariff on BRICS nation is simply unacceptable and will lead to faster dedollarisation or countries dumping their US dollar reserve they are holding.
let the west keep digging its hole deeper , at this stage the global south need not do anything , as the west is doing its own unwinding work that its blind to ,,,fking poetic if you ask me , multiple systems is key . one hegemony would lead to global tyranny the likes has never been seen ,that would become the new dark age in consciousness , the controllers days are numbered , and they know their time is short , hence all the chaos and mad laws attempting to stop the awakening ( too late ha ha ) poetic
I am hoping for Trump's tariffs to be effective. After the dollar collapses we will have a just world.
Trump has got no brains he shoots with his mouth unlike the bricks nation look at Putin Xi Ch Ping and South Africa and Ve Brazil leaders who have more grey cells than US and the West (bullies) am afraid they are no longer colonial powers
@@GrandSolarEclipseIf Trump wants to stop trading with BRICS nations, that's fine.
Tariff is just another word for tax, in other words, they're counterproductive..it's supremely ironic that the us of a is busily ruining the international commercial system that it built, largely, to it's own advantage.
"Permit me to issue and control the money of a nation, and I care not who makes its laws". This famous quote, (whether true or not) is at the heart of the issue. The Dollar/Swift monopoly has been grossly abused and some competition could help to keep it more honest.
arrrr , a fellow researcher i see , much respect to you sir 👍
Very well said, money = power..
It's only too bad the us of a with it's federal reserve power cant seem to utilise it responsibly.
Rothschild
Definitely competition is needed an alternative.
A really lovely lady with comprehensive knowledge but simple enough to understand explanations. ❤
Quite a brilliant lady. You can't talk of hierarchy in a world of multi-polarity.
You can in their nations and there is a hierarchy of Brics Nations. I am still pro a multi-polar world, just not delusional.
@PrivateSi I don't think you understand what multi-polarity entails.
@@metugeekane8454 .. Some poles are more powerful than others. China at the top, then Russia or India, then Brazil, South Africa way down. I think you're being too simple minded.
@@PrivateSi Multi-polarity is for the Great powers. You need to humble yourself and learn.
@@metugeekane8454 .. Depends how you want to define poles - but given your 'great powers' definition the hierarchy is USuk, China, Russia / India, the rest aren't really great enough by your definition. I think you're still deluded. We're talking about Global Dominance. USuk is by far the most global.
Excellent interwiev like always giving us information what is really going on. Thank you
This is very hopeful. Thanks for having Prof. Chenoy on again. TY Pascal!
A million thanks for your outstanding work! Excellent conversation and great guest!❤
Viva BRICS.
I wish my country Australia would realise our geographic position in the world and join Asia pacific countries.
Would need to radically change its colonial mindset though.
Me too, but unfortuneately our successive governments have allowed the US to gain financial, political, and military control of Australia. The US has done the same in many Western, and 3rd world countries for that matter, but especially the with the so called allies.
@@georgethompson4283 вы не союзники, вы ихние вассалы
Fellow Aussie and agree 100% We will go down with AUKUS and now we are Targets from China and Russia for helping the US and NATO and UK, We need to be Neutral..
your an aussie i can buy a drink cheers mate greets perth👍🍺
BRICS is what the UN United Nations was supposed to be
No, it's a trade organisation
it got drunk on power like the British before it, then it collapsed as it the united nations will do , no one escapes that cycle that repeats , this i know
Exactly 💯
@svenhanson398 no 1 country needs to control the money for all the rest of the countries in the world.
Such a great attitude and realistic pov, at time Anuradha was cracking me up with the way she expressed the paradoxes of the west.
Excellent analysis
Than you Pascal. Prof. Chenoy is a great source insight.
Wonderful interview, bravo Pascal.
Could you invite the swiss Colonel Jacques Baud, i would love to see him on your channel for a free talk. He's a specialist for Ukraine and the Middle East.
Thank you it is fascinating to listen to you and very informative!
Thank you for the explanation Prof. Anu Chenoy.
What an excellent guest. She explains things that a layperson can comprehend.
Let the rest bark, Brics must become a reality ASAP, we Indians have seen worse, another worst to become great permanently, is a small price to pay...let the us keep barking
live and let others live how they choose desire , im a westerner and im all for as many polarities as we can have , if life is an ice cream i want every flavor imaginable , not one boring over bearing vanilla America / west , but multiple flavors.... i shouldn't even have to comment on this it should be self apparent , but we live among control freaks whose minds live in fear and so seek to make the world in their image and get all to buy into that image so as to them feel comfortable under their scary night time bed sheets , fuk hegemony , MULTI-POLAR IS AND WILL BE KING ,,,at the very least their always be 2 polarities (yin and yang) never one always 2 or more , this ancient understanding the control freaks do not understand , because again their default mode of mind is FEAR and LIMITED in time they now are
China - Manufacturing & AI
India - Finance & IT
Russia - Energy & Food
South Africa - Gold & Platinum
Brazil - Tropical produce & Biotech
BRICS make economic sense. Lower cost for all of above.
China may not be doing well. Sounds like India might take over what alot of it does
You have forgotten an important factor which I think will undermine the very values of BRICS and that is corruption.
The clarity of her explanation is amazing. Thank you.
Thank yoy Pascal for enlightening us and enabling valuable insights!
Bravo 👏👏 aux BRICS 👍👍💪💪
ONE THING VERY IMPORTANT YO YHR CREATION OF B R I C S ACTUALLY IS USA BULLING POWER OWNERSHIP DOLLAR SYSTEM WHICH HAS TURNED AS USA MONITARY WEAPON TO SANCTIONS.
Great interview/discussion.
Thank you both.
Thanks Pascal , I was hoping that professor Anu Chenoy would come on the show again 😊.
Finally an informed and more in depth conversation. So many videos are too basic. These videos are only meant to cash in by providing basic information.
Very good- bring more of these types
In 1975/6 the Naira exchange rate to the $ was N0.62. Today, the same $ is being exchanged for almost N1,800. Over the period, the Naira has depreciated by 2,903% - a fair measure of the extent to which the American government is enslaving the Nigerian citizenry. So if a way emerges, as the BRICS system has, it should be embraced.
Toilet paper for your precious resources.😂😂😂😂🇯🇲🇯🇲🇯🇲🙏🏼. When BRICS gets fully running, it will be the end of the Western dominance and render sanctions ineffective. The end of an era🙏🏼🙏🏼🙏🏼🙏🏼
Thanks for factual discussion.Prof. ANU is straight forward and has interesting assessment of BRICS. Thankyou both
why did countries accept to use the dollar it is Not their currency, and how can one country's currency be a so called reserve currency for other countries.
It was imposed - no choice. The west weaponised its use though to keep their hegemony.
After WW2 the USA was by far the worlds strongest economy. Since that time the US has controlled world finances, and markets using amongst other controlling measures, the world bank, the IMF, the petrodollar, and ensuring all commodities are traded only in US dollars, leaving other nations with no choice, and risking sanctions, and other punishments if they dare to deviate. Most people have no idea (thanks to massive amounts of propaganda) just how ruthless and controlling the US, and before them the British have been, purely to keep world hegemony and therefore control.
They had no choice, they did not want to be invaded, bombed and sanctioned. Just look at Cuba.
@@georgethompson4283the US is like Trump, cares ONLY about themselves
@@svenhanson398 yes and Iraq and Libya. Both countries were planning on using different currencies to trade in for better returns and they were basically wiped off the map!
I am anti-Western hegemony, anti- imperialism/ neo-colonialism, dominance, bullying.
I am pro-myself and my own people. Why, as an equal human being, don't I have that right?
Very good conversation, especially in the light all of Trump's recent preposterous hyperbole.... Thank you both
Good to see & hear. Tyvm💯
Very clarifying interview. Thanks❤
The Hollywood stories vs the Bollywood stories. But, it's not that facile. There's much overlap. The clarity comes with constant and multilevel inspection of both systems and attitudes based on culture, religion, history and beliefs. There's no right and wrong in general , but there are attitudinal problems galore. And there can be countenanced no genocide, ecocide, or wars using one peoples as a weapon against another for the purpose of mass theft and or mass death. Intentionality is a 'thing' within this meaning. We need to get along to the benefit of all life and natural ecosystems. Too much to ask? It might be. We haven't shown any ability to control ourselves thus far. And, I haven't heard how climate and environment fit into this financial construction yet. Neither for the USD nor any discussion within the BRICS. It's more than Green bonds. The climate doesn't respond to financial instruments or structures, it's physics. The climate doesn't respond to fiscal measures or percieved clever financial engineering and sexy instruments. The financial economy fits inside nature and life systems. But we don't yet appear to understand that yet. We live under ideologies.
Great interview
Many thanks Mr Lottaz for this very interesting Talk on time BRICS role un the future development inside the world oportunities.
Brics is all about saving an restoring the financial sovereignty of all brics nations.
I love BRICS
Great interview!🎉🎉🎉
yes, but due to the growing us national debt internally that will be a dedollarization of the financial structure 29:41
Informative information for knowledge seekers listening is an important asset.
GET INFORMED THROUGH THE LEARNING VERY IMPORTANT PROCESS NEEDED FOR OWNING OWN GOOD BETTER LASTING SATISFYING KNOWLEDGE CONCLUTIONS LEARNED.
GLOBAL SOUTH LEADING BRICS ARE GETTING AND GROWING GETTING BIGGER DUE TO THE ECONOMIC DIVERSE TRADE STRUCTURE SYSTEMS.
WHY ALL THIS MISH-MASH OBSERVE DUE TO USA SANCTIONING MANY COUNTRIES IN FORMER COLONIAL STATES.
With BRICS and the south, go it alone ignore the west , please.
You'll be arguing forever if you let them in
BRICS❤❤❤
Ditto for cash and gold
Russia has been the driver of the BRICS plus financial reforms.
Neutrality studies, stroke of genius.
The Western definition of “Against the West” is any country that does not bend to Western dictates. So any further discussion is moot.
Any move away from the dollar by establishing independent financial systems is a threat to the dollar as the global reserve currency, which underpins American hegemony (as they lose technological, political, economic, and progressively, military primacy), so this is also absolutely unacceptable to the U.S. (and by extension, all vassal states of the West).
The adoption of the French language by Niger is not a “benefit”, but a form of cultural imperialism as part of its colonisation, or to put it in the current terms preferred by the “West”, Cultural Genocide.
It would be rather like saying that the Native Americans received huge benefits from gaining the use of the English language.
I think there is no need to bend over backwards to try to acknowledge “huge benefits” accruing from the period of brutal Western colonisation, domination, and continuing exploitation.
Fascinating conversation. I think the question that remains pending is the risk of holding USD and seeing these frozen or worse appropriated (as per the Russian assets). This alone will fuel de-dollarisation I would have thought.
What Chenoy says about the differing philosophies is interesting. Missionaries did the legwork of colonialism. Even though the West is relatively secular now, we still haven’t lost our hierarchical thinking. It’s deeply ingrained.
Would it be appropriate to define the NDB as "Publicly" owned (member Nation-State as 'stakeholders') institutional global lender, as an alternative to the Bretton Woods system's "Privately-Owned" banking (lending) institution?
Greetings from Australia
BRICS ✊✊✊
can an individual invest in a BRICS bank? or in BRICS by itself? is this a legitimate question?
Go to a brics country. Brazil, India, Russia and China are using it now. Open a bank account their.
Ty🌸
Pascal ,India 🇮🇳 was economically ,far advanced than the British , before colonialism.
What would have been in global south if colonialism had not existed?
I believe the five hundred years of Eurocentric civilization,is the source of every problem we’ve today. I don’t think the global south benefited from Eurocentric domination in the last five hundred years.
Country as a nation state concept is a recent Western invention.
You should invite the President of the BRICS bank, Dilma Roussef.
No how much pain to set up a Brics system of trade using national currency , the Brics organisation will be successful in the end as the US government policy on sanctions of other countries using the use of USD accelerates as time goes on.The US intense pressure pushes the Brics members to work doubly hard to de-dollarization.. Such trend is not reversible as the US political system is anti-multilateralism.
It’ll help a lot if the host looks into the reasons for sanctions.
A game is afoot. The self-proclaimed "mighty US Dollar", self-anointed Emperor of the World, will NEVER tolerate a peer competitor.
I suspect BRICS know that.
They have no choice, but will start WW3, to try and protect the dollar, which will still fail to quite an extent, creating an equal financial system on both sides.
What is USDollar in reality? Same painted paper as all other fiat money. USD is NOT money proper, it is a promissory note, kind of Bill of Payment. Gold snd Silver is real, mineral resources are real. Bankers and Financial Gamblers must be kept under tight State Control and Regulation. Federal Reserve System is a private entity, so it's unreliable and potentially dangerous. Take, for instance the US Sovereign debt which is unimaginable and keeps growing. To whom the US people have to pay the Federal/Sovereign debt? Isn't it really strange?
их спрашивать не будут, инициатива за БРИКС !
@@jackiedelvalle Of course. But I assume that you are up to date about what exactly is going on right now. If not: search for Geopolitical Economy Report, Ben Norton's channel, the video published on November 30. And the words spoken by the Russian leader, translated by Michael Rossi, published on Michael Rossi Pol Sci channel, November 30 also.
A simple parallel would be a couple wanting to set up their own home - it is not because they hate their previous one ( most likely their parents' ) but because they want something of their own
whether it is anti-West or not depends on whether there can be a western identity that doesn’t include hierarchy over other civilisations and needing to dominate the planet. it isn’t anti western nations or western people; but if being western necessitates believing oneself superior to all other cultures on earth then, now and forever into the future, then i guess indirectly it is.
An excellent interview. Prof. Chenoy speaks with the clarity and authority of someone well versed in her subject and her field of study. Unfortunatly her article (which you link for reference) is locked behind the usual academic club paywall. The EPW Journal seems to be an excellent resource. 🪃
She said we are not dedollarising, we just use different currencies other than dollar. Which means dedollarization :). India was in the forefront of setting up the BRICS bank, and is already buying Russian oil in Indian rupees. In the coming years all countries will start using Indian rupees for their oil purchases.
Absolutely true
Thanks for the breakdown! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
How about putting tariffs on the dollar as the US can so easily put tariffs on other countries currency and sanctions
That would backfire. As it will do for USA.
Tariffs are placed on goods imported into the US not on national currencies. Tariffs are based on the demand for the US dollar as a global reserve trading currency.
Just because it's easy. Doesn't mean it's correct thing to do. Tariffs accomplish nothing. Only higher prices. That doesn't fix anything.
The US$ is now where the UK £ Sterling was in the 1950s as they decolonized.
Multi-currency use in international trade in the near future will be beneficial for many countries in maintaining their trade balance and their sole dependence on the few international currencies.
America is only 250 years old. What culture? Come back in a thousand years and we'll talk about culture. Right now, we only have our history of colonialism and slavery. We still walk on the bones of the murdered original inhabitants. We are children and it shows.
I respect the professor's faith that another economic and financial system can be created that will fulfil the needs of humanity. I wonder, however, about the practicality of that considering some of the BRICS countries have serious corruption issues and are led by authoritarian regimes ( ie Russia and China), whose policies may undermine noble goals. I hope she is right.
This BRICS thing is just a pipe dream. The members have been at it for more than fifteen years and all that has arrived is a years meeting or conference is nothing but hot air. What is most amazing if not downright hilarious is that India would dearly love to have the Rupee established as a world currency when even in this country the rupee is not worth the paper that it is printed on. Why the BRICS movement will never succeed has been dealt with in the many posts available on the Net
I am a heterosexual African American man that has a degree in Economics. I like listening to your TH-cam channel.
Um a human being
💯💯💯💯💯💯💯💯
Dynastic cycle (traditional Chinese: 朝代循環; simplified Chinese: 朝代循环; pinyin: Cháodài Xúnhuán) is an important political theory in Chinese history. According to this theory, each dynasty of China rises to a political, cultural, and economic peak and then, because of moral corruption, declines, loses the Mandate of Heaven, and falls, only to be replaced by a new dynasty. The cycle then repeats under a surface pattern of repetitive motifs.[1] - Wikipedia
The West fuels inequality by hiring "cheap" Indian workers, exploiting the falling Rupee. While these workers thrive again on stagnating assets, 99% face inflation. Meanwhile, in the West, local workers struggle with job displacement and wage stagnation, deepening disparities.
Indians are replacing Americans. They are thriving over the decades, with the falling Rupee, they are leveraging their income to acquire real generational assets in India and invest in Indian stocks. This is further fueling rush to get to the west.
#Tariff/s are a hidden tax on American consumers, raising the cost of goods and services they rely on.
Similarly, #H1B effectively operates as a hidden tax on Americans by prioritizing cheaper foreign labor over investing in local talent and workforce development.
Indians have displaced middle-class Americans from their own workplaces, treating them like the modern-day untouchables of corporate America. Most Indians in America are upper caste Brahmins. Brahmins account for approximately 4-5% of India's population. US getting there.
Brics is non bis. Therefore it is globally cherished
Why is the New Bank using 50% dollar. It seems that dedollarization is merely political not actual. The best approach is for BRICS to have its own currency. Any country needing to trade within and outwith BRICS can buy the BRICS currency, albeit at no cost and profit to BRICS traders. Using the dollar is a disaster!
Because a lot of debt is still denominated in USD. It takes time to unwind, even then, the dollar will still be in use within the system.
It is a process, it will take time
It take a long time to change world currency . Due to the widely used USD being everywhere, it’s a “safe” currency because someone will need it tomorrow so a holder of USD can be sure it’s safe to do so
India is the biggest threat to US hegemony.
While not yet considered a fully established "finance power" on par with traditional financial hubs like the US or UK, India is rapidly emerging as a significant player in the global financial landscape, primarily due to its robust economic growth, large population, and innovative digital payment systems like the "India Stack," which has significantly increased financial inclusion within the country; making it a rising financial power with potential to become a major player in the future.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
You either develop a system against sanctions or you don't. Seems like countries want to pick and choose features, still respecting illegal sanctions and simply taking advantage of countries affected by direct sanctions. So Russia is stuck with rupees it can't buy enough with and can only invest in Indian economy. So where is the benefit for Russia?
Every new initiative starts that way. There is a difference between the ruling class and the peasants. Americans are just an extension of the Imperial European in a different guise. To your Rupee Rubel question look at what the Russians have done in the last few weeks. They are making Railway carriages in India. So that is your answer. More outsourcing of Russian Manufacturing of high value commodities. Including defence equipment so they get their money's worth.
Why can’t the last resort for the collective west be, shutting down the internet?
India might remember that many of its academic professionals were educated in ivy league universities in the West. BRICS countries will never be alternative to the US dollar, especially if they want to continue to trade with the US on reasonable terms.
The dollar is still mighty. Brics is just small change.
If currencies were fully digital then we can have a swap done between countries based on a predetermined exchange rate. So that way countries don’t have to hold currencies of the other. We could also have a reserve currency that is tethered to select currencies and metals to give it some stability then each country can trade with that if they choose to. The Dollar would still be there but there’s so much trade that isn’t even happening because most chose or were forced to be in an old system. So many of our brothers and sisters in the human race have been left behind because of this. It’s time to spread the wealth and opportunities globally. 😢
The Usa has no intention of giving up its reserve currency for the next several decades. De-dollarization would mean the collapse of the US economy, which the Usa would never allow without severe repercussions. The global south has no choice but to stick with the petrodollar for the time being
What is the “strategic community”?!
The community that controls the media and the west. The community that strategically push propaganda.
:) Africa understands this language because its as obvious as night and day the strategy being used by neocolonialism.
The challenge is the dollar is the most stable currency unlike the individual currencies within BRICS. It will take another 2 decades to set the BRICS finance system up
We need alternatives.
I went to Martinique many years ago and l could not spend my US $. I could not even change it in the bank, but l could change my Bd$, my EC$, and of course if l had pounds, francs or Euros l could spend those!
Bearded pascal is badass.
He is growing up.
The way i follow Chinese have figured out because the infustructure of Chinese is amazing the city's the roads the bridges tops!
If the people of the world were serious about wanting to live in a peaceful world ,where the needs of everyone are prioritized over the indulging wants of the few , then I would suggest the complete abolition of all advertising ,in favour of a directory of produce and services .
fairy(with love for humanity)
Is Pascal in Japan? Idk why I thought he was in Europe, somewhere?