Dollar Execution | Starting with Egypt: How did countries start conspiring against the American currency and joining BRICS?


https://www.youtube.com/watch?v=y3oTnUCCQ0k

The latest economic news, where the dollar has arrived, and new economic decisions expected at the next BRICS meeting

This new episode of Samri channel devotes its time to discussing the upcoming BRICS summit in South Africa on the 22nd of August.

And starting with the ambassador of the State of South Africa to BRICS, who said in a press statement that the BRICS summit did not include on its agenda the discussion of issuing a unified currency alternative to the dollar, and that the goal of the group in the current meeting is to plan expanded trade exchange between BRICS member states in local currencies as a preliminary step to relieve pressure dollar on emerging economies.
The dollar explosion episode indicates the deep problems of the US economy that prompted Fitch Agency to lower the US credit rating since 2011, as evidence of the rush of developing countries to get rid of the dollar's hegemony and the dollar's control over their destinies.

On the other hand, BRICS said that it will discuss requests to join it from more than 20 countries, including major Arab countries such as Egypt, Saudi Arabia, the United Arab Emirates and Algeria.

Among these countries, Egypt desires to get rid of the dollar restrictions and dollar scarcity that it has been suffering from in recent years, through trade exchange with BRICS member countries in the local currencies of BRICS member countries.
And the episode of the dollar explosion links the decision of Cairo - Egypt - to resist American requests to stop being neutral in the Ukrainian crisis, and to provide military support to Kiev with its desire to strengthen political and economic relations with the BRICS countries.


#Egypt
#dollar
#Saudi Arabia

Why was the announcement of an alternative currency to the dollar delayed? And will BRICS members really announce this currency at the next BRICS summit, August 22? Will Egypt benefit from joining BRICS to solve the current Egyptian economy's woes? All this is answered by the "Dollar Explosion" episode of Summary Channel. Watch to know the story from the beginning

The funny part of it is that, all the countries conspiring still have their reserves in USD as of date!

I see BRICS as an empty barrel! They will only keep making noise!

History will always repeat itself! Any time a war is waged against the Dollars, it becomes stronger! And it’s already playing out! Russia knows better

US weaponized debt, banks, SWIFT, GPS, $dollar, natural gas, oil, trade routes and everything else. They basically destroyed European economy, energy security and brought war to the continent of Europe.

What more do you expect countries to do? Bend over and ask for more? The world is going multipolar, multi-currency, multi-trade route, multi primary energy and multilateral pacts.