Comments by "Tespri" (@Tespri) on "The Growing Revolt Against the US Dollar" video.

@TheCat48488 you got it wrong. USA has more than enough oil to cover itself. What USA cares is that which currency is used to trade oil. Since Dollar is tied to oil, it means that they will never suffer from serious inflation. Since you can only buy oil for dollar. This was a pact that was made by major oil producers long time ago when gold standard was abandoned.
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@moxinghbian they didn't say that and their collapse happened because huge empire that pretty much conquested most of the known world invaded them.
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Anyone with brains would avoid BRICS. It's Chinese scam to turn member states into debt slaves. Yuan is highly unstable currency and chinese government can manipulate it on whim. Simply put... you're slave to your chinese overlords now.
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Not going to happen. Anyone with brains understand that Yuan is highly manipulated currency which isn't stable at all. Thus investing into it isn't a smart idea. Especially when they on purpose inflate it every now and then. You need to have highly low IQ to invest in there. Especially since their entire economy is based on housing market of making houses that will never be complete.
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China is also highly instable if you actually look history of Yuan and how their politicians keep manipulating it's value consistently in order to hide flaws in their economy. In the end of the day BRICS is just chinese scam to colonialize the members into it's debt slave states. Only low IQ people can't see it.
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@lmpnow As long as USD is the currency used to trade oil... It will never become unstable as long as oil necessary for every civilization to function. This is what petrodollar is about and why USA saw it necessary to eliminate Iraq when they started to trade oil to Euros.
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@TheMerchantGuild You need to have low IQ for not understanding that it's chinese trick to screw you over.
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@TheCat48488 already told you, iraq declared that they will stop trading oil for dollar and trade for euro instead. This would've meant end of Petrodollar.
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@TheCat48488 google it up. You think I will save everything on my favorites?
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Brics is total failure. It's nothing but chinese colonialism. Yuan can't challenge dollar due to it being unstable currency that keeps changing it's value drastically all the time.
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Anyone with brains and even slight understanding of economics knows this. It doesn't take to be genius to realize that Yuan is highly unstable and their entire economy is based on ponzi scheme of housing markets where no end product is ever finished.
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