BRICS Expansion, Currency: New Power Rising?

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  • เผยแพร่เมื่อ 22 ส.ค. 2024
  • From Episode 11 of the #IndianInterest Podcast.
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ความคิดเห็น • 154

  • @viratkohli7990
    @viratkohli7990 ปีที่แล้ว +16

    I Can watch this Man talk nonstop till all day still want more. Big fan Abhijit Chhabra Sir🧡

  • @danielnicholsen9334
    @danielnicholsen9334 ปีที่แล้ว +43

    Have a great day and thoroughly enjoyed your podcast earlier today dear Abhijit Sir🙏
    Looking forward to another one big brother.
    May you stay blessed and have all wishes fulfilled.

  • @harshitbhangre
    @harshitbhangre ปีที่แล้ว +19

    I was looking for this… thx for covering

  • @bharatavarsha17000
    @bharatavarsha17000 ปีที่แล้ว +25

    Thanks for covering this topic Guruji 🙏. Great insights!

  • @ishanshaw2085
    @ishanshaw2085 ปีที่แล้ว +19

    So sir let's say the currency hegemony of US dollar is somehow eradicated and nations can payback their debt in their own currency. In that case the nation in debt can also just mass print their currency and pay it back and others nations will also follow suit wouldn't that cause a global market inflation?

    • @divinebeing5720
      @divinebeing5720 ปีที่แล้ว +5

      Which is why he mentioned it as "reserve" currency, if brics will create a currency it would be used as reserve currency to eradicate the US hegemony.

    • @divinebeing5720
      @divinebeing5720 ปีที่แล้ว +5

      There's still gold used as reserve currency, so the countries pay back using gold instead of money.

    • @davesprivatelounge
      @davesprivatelounge ปีที่แล้ว +1

      You've misunderstood. A separate currency which no one country can just print as they please. Like what the US is doing now.

    • @Sandy_2709
      @Sandy_2709 ปีที่แล้ว

      @@davesprivatelounge yes then only it will be a truly world reserve country

    • @dharmverma7595
      @dharmverma7595 ปีที่แล้ว +2

      The BRICS currency will be supported by gold reserves.

  • @coolbro4230
    @coolbro4230 ปีที่แล้ว +5

    Great video 👍

  • @anupamchakrabarti4657
    @anupamchakrabarti4657 ปีที่แล้ว +8

    All Muslim nations will join BRICS. Yuan will be the best for jihadis. I don't know what India is doing in this group. China will always rule BRICS.

    • @ahsansadi3581
      @ahsansadi3581 ปีที่แล้ว +3

      You can't have sovereign power in globe with hatred. Work for your people and your interest.

    • @Ravi9A
      @Ravi9A ปีที่แล้ว +13

      LMAO both of you are wrong.
      If Islamists join, it's better to remain a part of the organisation to have an impact.
      And as for the so called hate, there is nothing wrong with being wary of islamofascism

    • @JohnWick-uj4gh
      @JohnWick-uj4gh ปีที่แล้ว +1

      @@ahsansadi3581 He's an Idiot. Sorry for that. We have to rise Together. 🇮🇳

  • @mnmhere3321
    @mnmhere3321 ปีที่แล้ว +2

    I think the first step to BRICS monopoly would be to bring the oil rich nations under one umbrella under the BRICS. They would then have the backing of the BRICS nations and can then challenge the reserve status. All depends on the unity and out of all the nations, Russia is willing to go to the extreme as compared to the rest.

  • @neoneoneoOne
    @neoneoneoOne ปีที่แล้ว +3

    Brics currency must be ,
    RuBricks.... brics of gold

  • @subramrami1274
    @subramrami1274 ปีที่แล้ว +2

    Seems to be very challenging, but if BRICS expands and comes up stronger, it will be the in best interest of the world to have alternate power. But its important to have right partners during expansions which will decide on its Significance.

  • @atharvashamtupe7271
    @atharvashamtupe7271 ปีที่แล้ว +9

    #AskAbhijit Was Max Muller a good person? I heard that Swami Vivekanand wrote good things about him.

  • @stiffdrinkfinance1981
    @stiffdrinkfinance1981 ปีที่แล้ว +6

    the us will not give up its “exorbitant privilege” that easily

  • @PraSh475
    @PraSh475 ปีที่แล้ว +2

    India-China friendship: Huge potential!
    India-China rivalry: Huge threat!

  • @tatha005
    @tatha005 ปีที่แล้ว +3

    Except Saudi Arabia most of them has very little value to add...

  • @badcampa2641
    @badcampa2641 ปีที่แล้ว +1

    Im a westerner, its curtains for our side but well done you've won the game

  • @sudheeraggarwal570
    @sudheeraggarwal570 ปีที่แล้ว +1

    The new currency owned by such countries will have to fight many challenges caused by US.

  • @sarangkshirsagar5915
    @sarangkshirsagar5915 ปีที่แล้ว +8

    #askabhijit What will you do if WW3 happens? What should normal people do if WW3 happens?

    • @priharahj5515
      @priharahj5515 ปีที่แล้ว

      😆 pray karo na ho

    • @user-g5rt89
      @user-g5rt89 ปีที่แล้ว +1

      survive karenge aur kya

    • @Napolean-mt3ms
      @Napolean-mt3ms ปีที่แล้ว

      Are you referring to conventional or nuclear war ?

  • @raghavkumarprasad6873
    @raghavkumarprasad6873 ปีที่แล้ว +1

    1. If a BRICS reserve currency is formed, where do you think it will be printed, and who/how will it be regulated?
    2. And what countermeasures does US has or will take, in the event something like this happens?
    3. Why hasn't any other nation (Russia, Chinna, India, etc) tried to create reserve currency to counter the US reserve?
    4. And what ill & positive effects does blind printing of money by US has on US economy, Indian economy and the world's economy?
    5. What challenges will the new Reserve Currency face in providing an alternative to US reserve?
    @abhijitchavda #AskAbhijit #AbhijitChavda #IndianInterest

  • @niravsyard7275
    @niravsyard7275 ปีที่แล้ว +4

    #Askabhijit sir please pick my question does chanakya the great was aware about the cholas and yes so there was any understanding between them for non aggression and what was the relationship between mighty cholas and mighty mauryas thank you.

  • @rehnedojankekyakarloge5384
    @rehnedojankekyakarloge5384 ปีที่แล้ว +3

    Russia will always try Iran for BRICS and we should also consider venezuela and Uganda for BRICS

  • @jibinvarghese4711
    @jibinvarghese4711 ปีที่แล้ว +3

    #AskAbhijit Is there a possibility of vast unexplored oil reserves in India? Most of the explored reserves are owned by private companies, why government companies are not interested?

  • @anildhaker2743
    @anildhaker2743 ปีที่แล้ว +9

    I have one question regarding the geopolitics
    If there is a conflict happen between India and China then what will be the steps taken by US and Russia

    • @megatron6382
      @megatron6382 ปีที่แล้ว +12

      The fight between India and China is beneficial for USA..
      Detrimental for Russia..

    • @anildhaker2743
      @anildhaker2743 ปีที่แล้ว +1

      @@megatron6382 I mean USA also don't have very good relations with China and China is the biggest competitor of USA so will USA help india or not and
      For Russia, india and Russia also have very good relations so will Russia help india like 1971 or not🤔🤔

    • @danielnicholsen9334
      @danielnicholsen9334 ปีที่แล้ว +1

      The US until it shares any common interest with either of these conflicting nations would sit back on the couch and enjoy the show,Abhijit Sir had beautifully explained the scenario already.
      I don't see Russia intervening directly as presently it cannot afford a double war because if it does that might slip in NATO with the perfect grounds to attack Russia.
      Yes imo it would be suicidal for Russian interests.
      Cheers mate

    • @anildhaker2743
      @anildhaker2743 ปีที่แล้ว +1

      @@danielnicholsen9334 and what if china attempts to invade Taiwan. If it dose then USA will have to intervene? And will NATO include in this conflict? And what will be the stand of Russia?
      And can I see a possibility of India to get aksai chin back??

    • @megatron6382
      @megatron6382 ปีที่แล้ว +1

      @@anildhaker2743 , very tough to get it back..

  • @khanadharkishan6230
    @khanadharkishan6230 ปีที่แล้ว +2

    Gold hona chahiye

  • @sarikark9435
    @sarikark9435 ปีที่แล้ว +7

    #AskAbhijit.....sir how is underworld influence on geopolitics

  • @golmaal7951
    @golmaal7951 ปีที่แล้ว +4

    Currency can be named ReRuRa/RaReRu/RuRaRe (Brazil Real, Chinese Renminbi, Indian Rupees, Russian Ruble, SAfrica Rand) all have R in it 😂 or FiveR or RFive or 5R

    • @gravewalker34
      @gravewalker34 ปีที่แล้ว +1

      Fiver 😆

    • @Napolean-mt3ms
      @Napolean-mt3ms ปีที่แล้ว

      Isn't the Chinese currency yuan?

    • @coachprachidas
      @coachprachidas ปีที่แล้ว

      @@Napolean-mt3ms it's the same thing. It's more popularly known as yuan

    • @Napolean-mt3ms
      @Napolean-mt3ms ปีที่แล้ว +1

      @@coachprachidas oh thanx for the info👍

  • @PallabTalukdar210
    @PallabTalukdar210 ปีที่แล้ว

    Thank you Sir.

  • @financialninja3180
    @financialninja3180 ปีที่แล้ว +3

    This is a very simplistic argument. If it was just about printing money and giving to other nations, why would US have any debt to begin with? They can just print and wipe out the entire debt tomorrow… The entire worlds financial system is built on the US dollar… Just because a bunch of countries (who are really enemies of each other) are talking about a currency doesn’t mean anything. The biggest problem with this is China. They will want to dominate this arrangement and have it suited to their needs… India and Russia will never accept such an arrangement… And esp India should not. India is a rising power with demographic wind behind its back. Russia is in huge trouble… A person dies every 13 seconds in Russia and a child is born every 22 seconds. So they are losing 1 person every 30 seconds. It’s a demographics nightmare… which is why they are trying to capture other countries. If China is a declining power, then Russia is declining even faster. US has the best demographics in the developed world. And if there is an issue they can simply relax immigration and Indians, Chinese and Russians will be lining up to move there… They already do, but right now it’s very hard to immigrate to US. A weak US is not going to happen in our lifetime! Getting into conflict with US over currency is not in Indias favor. India should be on its own with good relations with both US and Russia!

    • @mohitrawat_7
      @mohitrawat_7 ปีที่แล้ว

      People in the Indian government are smarter than us, don't worry too much just relax.

    • @ranjandas4724
      @ranjandas4724 ปีที่แล้ว

      The debt can just pile up forever.. wiping out debt like that also has consequences.. they will wipe it out when USD won't have the status of worlds reserve currency

    • @financialninja3180
      @financialninja3180 ปีที่แล้ว

      @UC_iZbS3o3KHehwcBbZTBMjg that’s exactly my point 🙄

    • @umbrellacorporation5723
      @umbrellacorporation5723 ปีที่แล้ว

      Look I don't know who u r .? U sounds like an western stooge ( a minion )
      USA should be last country India should trust.
      USA bleeded India for decades and decades by supporting, sponsoring Terrorism in Pakistan, used Pakistan as proxy against india for decades and decades and still USA is doing , USA is more dangerous than China and all Islamic countries put together.
      USA constantly sponsors Terrorism, insurgency, sepetarist movement, missionaries activities, religious fundamentalism through NGOs, changing demography in India.
      The whole USA is made out of stolen land from the Native Americans and wealth stolen from India ended up in USA , one of prominent such bandits was Elihu Yale , Yale University was made out of stolen wealth from India, this is just one such example, Most of the Gold in US federal Reserve are Gold looted from India.
      So existence of USA is threat for india , USA needs to be Balkanize and dismantle as it was earlier, inorder for Global peace and prosperity.
      And regarding USA debt wipe out, during Covid USA had already printed $ 3 trillion worth of currency because of which inflation happened worldwide and now federal Reserves had hiked the Repo rate which is hurting every currency and world economy. USA is pain in a $$ for whole world. And USA didn't wiped out their debt because it will openly expose USA. So USA will take its time and will continue to increase their debt untill for correct time to wipe out its so called debt.

  • @nikiniki356
    @nikiniki356 ปีที่แล้ว

    Wow... China and India in same legacy... it's amazing

  • @coachprachidas
    @coachprachidas ปีที่แล้ว +1

    How do we know that Egypt and Saudi Arabia are not trying to be inside informants for the US in the brics? Or they might try USA's age old playbook moves to break the organisation apart?

    • @divya-u9i
      @divya-u9i ปีที่แล้ว +1

      Hopefully MBS watches this channel and understands if he is not careful he will be Americas fall guy after the Iranian Shah

  • @darkknightt305
    @darkknightt305 ปีที่แล้ว

    Great insights and great video👍

  • @-2025S
    @-2025S ปีที่แล้ว +2

    India Russia China

  • @samirkhairnar
    @samirkhairnar ปีที่แล้ว

    BRICS+ 💪

  • @sudheeraggarwal570
    @sudheeraggarwal570 ปีที่แล้ว +1

    Group reserve currency without china and without manipulative country....can become successful.
    Otherwise it won't happen.

  • @jiraiya5273
    @jiraiya5273 ปีที่แล้ว +1

    I request everyone here to pls watch SAHEBS documentry in YT and spread it and share it with more ppl 😇🙏

  • @Indian_view_
    @Indian_view_ ปีที่แล้ว

    Russia and India growth are good for the whole world ..these two nations are capable..

  • @santusanturohit4832
    @santusanturohit4832 ปีที่แล้ว +3

    NEWOR,I want to name new global currency proposed by BRICS. Acronym of New World Order.

  • @sahilandonkar
    @sahilandonkar ปีที่แล้ว

    That would be awesome Sir

  • @nikiniki356
    @nikiniki356 ปีที่แล้ว

    Hii sir... I really love your speech... I mean how you tell us truth,current affairs about geopolitics, science etc. I love to hear everything from you cause you speak with truth and mind
    I have really a curious question to ask you... I don't know will you read my comment or not but I really wanna ask who was osho??? Who was he??? When I searched some says he was a great great great guru some says he was a guru with crime in mind... like may be he was wise but he goes on doing some crimes
    So actually who was he???

  • @aditirenutiwari8519
    @aditirenutiwari8519 ปีที่แล้ว

    #AskAbhijit Pranam Sir , a Chinese political analyst on twitter claimed that Chinese civilization is the oldest surviving civilization in the world , which obviously isn't true. What exactly is "Civilizational Continuity" ? And can we really say that China still retains its old civilizational character particularly after the Communists took over in 1949 ? If yes then are there any visible examples of that continuity in China just as Bharat still has the philosophy , music , architecture , way of living,etc. associated with the Dharmic religions ?

  • @kishanagrawal5488
    @kishanagrawal5488 ปีที่แล้ว

    Sir but if they are gonna print unlimited dollars to pay back their debt will it not depreciate the value of dollar in int'l market --- because of too much dollar supply in the market (simple economics) ???? Want to understand this desperately.....

  • @prashanthpanthu2684
    @prashanthpanthu2684 ปีที่แล้ว

    XRP(Ripple labs). Prevents this domination.
    Financial system is Abt to change.
    Guys buy XRP(2years max from now)
    Thank me later (not even necessary).
    We Indians will WIN.

  • @paramarcosandgarud4912
    @paramarcosandgarud4912 ปีที่แล้ว +1

    SIR WHY WE USE GDP NOMINAL IT IS NOT PERFECT GDP PPP IS MORE ACCURATE

  • @TheGreedyGamer
    @TheGreedyGamer ปีที่แล้ว

    I don't know why even the national currency is being used as the global currency, There should be no trading of any currency means the system of today in which one currency is very cheap and one is very expensive means the value is high this system isn't good for the integrated global economy, Rather of this system there should be a globally accepted currency from UN and the ownership of that currency belong to every nation of world, And whenever the trade should happen that global currency should be used for that not any other currency until it's not any mutual agreement between nation m, This will not give any edge to any nation in its economy or maintaining the Economics.

  • @renjanpai4256
    @renjanpai4256 ปีที่แล้ว

    Great news for Indian people

  • @anirudhkarmakar1724
    @anirudhkarmakar1724 ปีที่แล้ว

    #AskAbhijit Why is North Korea conducting so many missile tests since the last few months? Who is funding the Kim's nukes and massive military? Who is playing the North Korea card against the west? What is the significance of North Korea in the larger geopolitical context?

  • @Shortsbuzz01
    @Shortsbuzz01 ปีที่แล้ว

    BRICS can turn like EU🧐

  • @meetadalkhiya5360
    @meetadalkhiya5360 ปีที่แล้ว

    India should offer other countries group just like BRICS but it's moto should to be tackled china in future. What you think Abhijit?
    #AskABHIJIT

  • @uhura647
    @uhura647 ปีที่แล้ว

    What will the effect of EU price cap on Russian oil that will be enforced from December 5 ?

  • @OREO_____
    @OREO_____ ปีที่แล้ว

    #Askabhijit do you think that if alien exists there is a chance that they are in the void because they are so advance that they are absorbing all the energy of the galaxies that exist in the void that's why no light escapes from there since it's getting absorbed by that advance civilization

  • @-2025S
    @-2025S ปีที่แล้ว +1

    IRC

  • @abhishekchoudhary1393
    @abhishekchoudhary1393 ปีที่แล้ว

    BRICS should have one currency like euro

  • @abhigyanpandey8963
    @abhigyanpandey8963 ปีที่แล้ว

    #askabhijit what are the current situation of usa and china relation . is this rivalry gradually becoming cold war

  • @wolfofwealth2832
    @wolfofwealth2832 ปีที่แล้ว

    Sir, no insurance no ships by Western Hippocrates. How to tackle that means will it affect Indian oil supply from Russia and how this is going to affect India Plz tell. About recession it relation??

  • @shlokpareekk
    @shlokpareekk ปีที่แล้ว

    Miss the Short(2-5mins) videos

  • @mountainheight
    @mountainheight ปีที่แล้ว +1

    Imagine senario when us doent default but introduces new currency which is not dollar and make dollar a secondary currency

  • @abhigyanpandey8963
    @abhigyanpandey8963 ปีที่แล้ว

    #ASKABHIJIT what are the current situation of usa and china relation . Is this rivalry gradually becoming cold war??

  • @AnanyaRaj
    @AnanyaRaj ปีที่แล้ว +2

    When you said you reserve currency...
    You forgot about Euro?

  • @MainHunBAE
    @MainHunBAE ปีที่แล้ว +2

    #AskAbhijit sir I saw a doccumentary Ancient Apocalypse where they showed gobkeli tepe and phallic objects with a proper yoni and water path. along with a figure looking over them just like vasuki nag. sir is this evidence sufficient to conclude that it is a Shiva temple. it also has some varaha carvings and much more 😂. because even if they had found a swastika on the temple. they would have called it hooked cross and called it Christian temple 😂😂

  • @rapchikrastogiandfriends2842
    @rapchikrastogiandfriends2842 ปีที่แล้ว

    #Askabhijit according to you sir. who is going to print the BRICS currency?

  • @devangchougule587
    @devangchougule587 ปีที่แล้ว

    #AskAbhijit hello sir I wanted to ask what if taiwan gets nuclear weapons . What will happen in such scenario

  • @neoneoneoOne
    @neoneoneoOne ปีที่แล้ว

    R-I-Ch country is the seed base

  • @dhruvbhardwaj8762
    @dhruvbhardwaj8762 ปีที่แล้ว

    🙏🏻🙏🏻

  • @user-kt3jn7wx5f
    @user-kt3jn7wx5f ปีที่แล้ว

    ✌️🙏🙏🇮🇳🇮🇳

  • @shilpakatti7755
    @shilpakatti7755 ปีที่แล้ว

    ❤🙏

  • @aryansharma7148
    @aryansharma7148 ปีที่แล้ว

    #askAbhijit sir is there any way we become world 2nd largest nation maybe as big as canada and what land could we conquer please sir pick my question🙏🙏🙏

  • @AyushTyagi0555
    @AyushTyagi0555 ปีที่แล้ว

    7:35 😂😂😂

  • @prakash2118
    @prakash2118 ปีที่แล้ว

    US is in worry for this thumbnail.

  • @anantbhushangaur1972
    @anantbhushangaur1972 ปีที่แล้ว

    🔥🔥🔥🔥🔥🔥

  • @Ashoo931
    @Ashoo931 ปีที่แล้ว

    Only argentina.

  • @darkprince2490
    @darkprince2490 ปีที่แล้ว +9

    India has to put a condition on BRICS: to join BRICS the nation needs to leave Islam and also be nonaligned with the West.

    • @mrsarcasm6885
      @mrsarcasm6885 ปีที่แล้ว +9

      how many litre of cow cola u had today ?

    • @saptarshichoudhuri6203
      @saptarshichoudhuri6203 ปีที่แล้ว +5

      @@mrsarcasm6885 entire cow

    • @abirnigam8816
      @abirnigam8816 ปีที่แล้ว +2

      Jyada ho gaya thoda....

    • @timothyjohnson5999
      @timothyjohnson5999 ปีที่แล้ว

      @@mrsarcasm6885 when is ur 55 yr old father's wedding with ur 9 yr old sister?

    • @timothyjohnson5999
      @timothyjohnson5999 ปีที่แล้ว +1

      @@mrsarcasm6885 i heard u guys fu*k camel and goat u guys have some crazy fantasies

  • @gokuisonline7665
    @gokuisonline7665 ปีที่แล้ว

    Sir hindi walo ka kya ?

  • @A5353h
    @A5353h ปีที่แล้ว

    #askabhijit sir when will india become 5 trillion economy

  • @cyogi6431
    @cyogi6431 ปีที่แล้ว +1

    i'm following your channel but sorry to say your opinions/research is full of bias, bottom line of your opinion is "India I Great not its enemy" BS

  • @sanGyy
    @sanGyy ปีที่แล้ว

    But can’t printing money, would decline is worth?

    • @sanGyy
      @sanGyy ปีที่แล้ว

      And if europe has euro, in dollar presence, why can’t we too have this currency without US hindering. This is racism.

    • @niyatishah8541
      @niyatishah8541 ปีที่แล้ว +1

      It will but I think if Us owes money to somebody then that whole printed money goes from Us to the Entity owed and doesn't enter the circulation or maybe Us dollar is always in demand so it's not an issue . I guess .

  • @skarmathinlay1957
    @skarmathinlay1957 ปีที่แล้ว

    Where is lal aankh? 🤦‍♂

  • @drumstick-marblebag
    @drumstick-marblebag ปีที่แล้ว +1

    After Argentina joins the name will become BRA ICS.😃😃

  • @ayaanjunior8623
    @ayaanjunior8623 ปีที่แล้ว

    I advice you to listen dr israr ahmed

  • @gsnagaraj1962
    @gsnagaraj1962 ปีที่แล้ว

    Very funny arguments, you can trust China and Russia and you cannot trust America?. This is the meaning of bricks.

  • @kapilkaushik3209
    @kapilkaushik3209 ปีที่แล้ว +1

    No Brics No USD only Bitcoin!

    • @gopalakrishna6869
      @gopalakrishna6869 ปีที่แล้ว +3

      Bitcoin can loose and gain value like hell
      How can you peacefully live holding bitcoin and thinking it may sink 80% by value tomorrow

    • @-2025S
      @-2025S ปีที่แล้ว +2

      Brics

    • @abirnigam8816
      @abirnigam8816 ปีที่แล้ว

      Bech de saale... Jitana bacha kucha he le ke nikal le...
      Aur nipat jaega nahito.

    • @IwinMahWay
      @IwinMahWay ปีที่แล้ว

      Bitcoin will fail

  • @tharkirasool7914
    @tharkirasool7914 ปีที่แล้ว +1

    👍

  • @MitchellPorter2025
    @MitchellPorter2025 ปีที่แล้ว

    en.wikipedia.org/wiki/Template:Most_traded_currencies is greatly dominated by US dollar, and the next three (euro, yen, pound) are in the US bloc. I feel like, if one wishes to argue that USD hegemony can be overthrown in the near future, that something would have to decrease the significance of currency trading, perhaps in favor of some other kind of asset??

  • @niravsyard7275
    @niravsyard7275 ปีที่แล้ว

    #Askabhijit sir please pick my question does chanakya the great was aware about the cholas and yes so there was any understanding between them for non aggression and what was the relationship between mighty cholas and mighty mauryas thank you

    • @incom6897
      @incom6897 ปีที่แล้ว

      In your ask abhijit a should be in capital latter

    • @niravsyard7275
      @niravsyard7275 ปีที่แล้ว

      @@incom6897 thanks bro