Dedollarisation and BRICS
The Duran Podcast
The Duran
4.5 • 738 Ratings
🗓️ 12 March 2025
⏱️ 13 minutes
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Dedollarisation and BRICS
Transcript
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| 0:00.0 | All right, Alexander, let's talk about the dollar and bricks. |
| 0:05.5 | What is going on with the narrative of the dollarization, |
| 0:11.2 | the narrative of a BRICS reserve currency, |
| 0:13.7 | which is something that BRICS is not looking to do, |
| 0:17.6 | at least not in the short to medium term. |
| 0:20.4 | And the Trump administration's |
| 0:22.6 | statements that they will protect the dollar at all costs, even if it means placing 100% |
| 0:28.5 | tariffs on BRICS countries, 150% tariffs on BRICS countries, if they opt out of the dollar. What are |
| 0:35.7 | your thoughts on the USD bricks and reserve currency? |
| 0:39.2 | Right. Well, the word that is coming out, and, you know, this is actually not just, you know, from private sources, which I know we both have, but also if you look at the statements of U.S. officials, that the single biggest issue for the Americans |
| 0:55.1 | at the moment, the one that apparently that they've been bringing up in private discussions |
| 0:59.6 | with the Russians, the one that took up a lot of the time in Trump's conversation with Putin, |
| 1:06.1 | apparently, is not Ukraine. I mean, they do obviously talk a lot about Ukraine, |
| 1:11.8 | and it does take up a lot of time. |
| 1:13.9 | But they also are bringing up the position of the dollar |
| 1:16.4 | and the status of the dollar. |
| 1:18.7 | And that the Americans have, at least this administration, |
| 1:25.1 | has grasped the damage to the position of the dollar that the Biden administration, |
| 1:33.8 | and ultimately before that, the Obama administration, have done that, you know, this |
| 1:38.8 | endless war of sanctions, this attempt to use the dollar as an instrument of economic war, has actually |
| 1:47.6 | incentivized various countries to actually start moving away from the dollar. And that ultimately, |
| 1:54.6 | what Ricks is all about is about creating trade mechanisms so that countries like Russia, China, India, Indonesia, Malaysia, |
... |
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