Comments by "Stephen Jenkins" (@stephenjenkins7971) on "Why Russia is Trying to Create a New BRICS Currency" video.

  1. Right? Only the Euro has actually cut into the USD's share, everyone else are thousands of kilometers away from that.
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  2. China, India, and Brazil. Better question would be which one is not unstable? Because that would be most of them.
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  3.  @jeckjeck3119  Idk about wanting it to happen, but I do acknowledge that the US didn't bother to try and stop it.
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  4.  @johncasilli849  Your claims are completely ignoring reality. If anything, USD usage has only grown -and countries crying about the US sanctions themselves eagerly support them when it's against states they dislike. As for the "ponzi scheme". Lmao, that's not how debt works -and the US has not been pushing debt to anywhere; the US' debt to GDP ratio is barely around 130%, which is perfectly stable compared to many other nations. There is simply no replacement for USD currently. You're high on copium, my guy.
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  5.  Анти Наука  That really doesn't fit reality when the world uses USD for their trade lmao.
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  6.  @CuriousGene9  The Western Europeans did that, the rest of the civilized world wasn't involved, with some even working to stop it like the Americans. And the Americans solved many issues across the planet; the issues they cause is mostly issues that already existed that people blame the Americans for. Like people blame the US for the Israel-Palestine conflict when the US didn't even start it -the USSR recognized Israel before the US ever did and was aligned with it as a Socialist state; it's associated with the US anyway. It goes to show how easily humans are brainwashed.
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  7.  @jeckjeck3119  Yes there is such thing as too much into education, for example. The US spends the most on education in the West per capita with less returns than some of its fellows; it treats every problem by throwing money at it instead of making it better. Sometimes putting more money into something isn't solving anything.
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  8.  @paul1979uk2000  It used to. It stopped by 2008 and has remained stagnant for the past decade now -ever since the 2008 financial crisis that hit Europe especially hard.
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  9.  @yanbarbosa8092  That's not what a bunch of Indians are saying, nor is it what Chinese and Russians are saying.
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  10.  @wothin  Indian channels tend to be far-right and hypocritical. Not neutral.
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  11.  @xman1533  Your logic is absurd. Yes, China isn't sanctioning anyone, but neither did the US sanction anyone when its currency wasn't used by the world. If China replaces it for example, it could turn out to be far more aggressive with it. We don't know, but China's penchant for hyper nationalism does point to it doing so. People don't trust the US. But they trust China a lot less.
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  12. That's hilariously incompetent of an idea. Also the idea that you can have a currency pegged to a resource without a central bank is even more hilarious; that leaves it completely at the whims of those who controls that resource -if they were to refuse using it then the currency collapses immediately. USD works because it is the most stable currency beyond just something like oil trade.
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  13. The sheer insanity of this comment is hilarious. EU is more likely to collapse than that happening.
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  14.  @jeckjeck3119  Spending on infrastructure/education/better healthcare does not have such massive returns unless its just starting out. Now its only maintaining infrastructure, improving education, and replacing private education. None of which will lead to massive returns at all. This isn't the 19th century where infrastructure projects would connect communities leading to an explosion of trade; that has already happened.
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  15.  @jeckjeck3119  I don't disagree with you about tax cuts with the rich, but that issue is more to do with loopholes in paying taxes -the US tax rate is higher than places like Canada for example. And taxing too much leads to capital flight to more attractive locations. This isn't the 60's anymore where the rich had no where to run off to. Also, things aren't that bad at all. They're sustainable for the moment, but they can and should be improved.
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  16.  @dendradwar9464  They don't distrust the West, they hate the West and want to be the ones to genocide and ethnically cleanse as they wish. But the second someone else replaces the West, they will agitate against them too. People want anarchy only until they reach the top -there is no moral component here. Which is why I have zero sympathy for some of you guys; you want to be worse than the West with less consequences.
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  17.  @martincrotty  "immaterial imaginary money" is just a medium of exchange; anything more tangible is effectively just bartering again. Something which slows down trade 99% due to the difficulty of figuring out how much is worth how much. Your beliefs would make everything infinitely worse if applied.
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  18. @Fredrick Frederickson There isn't enough gold to cover such transactions to begin with. We'd massively overinflate such a standard due to there not being enough and raising demand; and it'd collapse in on itself after becoming a currency for the elite only.
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  19.  @gavasiarobinssson5108  China and Russia doesn't have a choice in the matter -they can't create an alternative and their economic systems doesn't have the will to do so anyway. As for other nations, as much as they cry about the US, they distrust nations like Russia and China far more in this field; they use these nations as counter balances, that's a far cry from using their economic systems for their own. I think there is one nation that uses Russia or China's currency for their own in the world. And its a nation effectively controlled by China.
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  20. That's their problem, everyone else takes it from them eagerly as they drown in debt from refusing to use USD.
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  21.  @GeorgeMasterclass  GBP is something like the 4th most used international currency.
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