Comments by "US Debt Implosion" (@timcampbell2023) on "BRICS is Collapsing" video.

brics is in the process of implementing a gold backed trade currency. This will directly challenge the fiat system. Opec+ is also aligning with brics. The more nations settle outside the dollar, the more inflation we will have. This process of building architecture for settlement outside of dollar for oil and commodities is on a distinct trend upwards. If Washington insists on printing the way they are, well that will just expidite the flight away from the eurodollar system.
18
@EconLessons from what I'm understanding the SGEI shanghai gold exchange will play a big part to begin with. I don't think it will happen overnight but it is their stated intention and such a system would essentially flout Washington's ability to steal via the printing press. This stealing by inflation will come to end. It is all the motivation they need to put a fair system in place.
5
Also it will be adding 6 new nations starting in 2024, chief of which is saudi arabia. Opec+ will follow saudi arabia, this will bring about a dissolution of the petrodollar, and that is the foundation for the us dollar reserve system. Brics has been around since 2001, the alliance will exist as long as the nations that compromise it exist. Why would they abandon it? A gold backed trade currency would be a checkmate for us dollar hegemony.
2
It would keep countries from cheating by inflating fx reserves held by other countries. But even that would be better than being in a system where Washington bureaucrats steal via inflation, they have no shame about it. They think they are doing God's work.
1