Comments by "MarcosElMalo2" (@MarcosElMalo2) on "The Truth About De-dollarization and What You Need to Know || Peter Zeihan" video.

  1. Most places accept the local currency. Perhaps you’ve only been to tourist destinations, where it’s more common that businesses accept dollars. If you want to use dollars, you generally have to exchange them for the local currency. I live in a tourist town, so some but not all businesses accept dollars, usually at a terrible exchange rate. In the next town over, they do not accept dollars, rupees, yuan, rubles, yen, pound sterling, or euros. You might have a valid point but you’re not making it very well with your poor example. You sound like a person with some limited experiences outside the U.S. extrapolating from that limited experience. Perhaps what you are saying holds true in countries with very unstable currencies, suffering from inflation, and/or some other need for dollars.
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  2. “The Almighty Dollar” is an idiomatic expression.
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  3.  @nyfinest487  He spanks it to fantasy BRICS currency.
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  4. Are you talking about Doge-BRICS or BRICS-coin? How about we conduct trade in a physical currency, like Lego. Your BRICS currency has been in the talk about it stage for over a dozen years, and there been no progress. Why do you think there will be a surprise unveiling at the next summit? You know, this isn’t like iPhones. You don’t promote an alternative trading/reserve currency with a surprise announcement.
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  5. Hahajajahahajajaja. Yeah, if they the BRICS agreed, they could make Lego blocks the new currency tomorrow. I got news for you. No one can wish a currency into existence.
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  6. Bricsium. That’s it. That’s the ticket. New improved Bricsium, now with 20% more blockchain.
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  7. He has but it periodically is a hot topic in the news, people ask him panicked questions, and here we are.
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  8. The simoolean.
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  9. What is BRIX? Let’s see. There’s Bundia, Razil, Issia, and X? Oh, yes, Xina. How could I forget Xina? The BRICS reserve currency has been on the table for over a dozen years and it’s never amounted to more than talk. No one really trusts Russia or China. Currencies based on hard assets are not capable of being a reserve and trading currency unless you have a huge fucking shitton of the hard asset safely stored somewhere. The bottom line is trust, and the Federal Reserve Board has shown itself to be trustworthy. They are transparent in their moves and preannounce planned moves. They discuss the contingencies and their responses planned to address those contingencies should they arise. It’s really no contest. Peter is right about PRC micromanaging of the Renmimbi. The hidden, unreported, micromanaging of it. What he didn’t mention is that China has a dual currency.
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