Elite US economist warns: dollar system is weakening as gold BRICS rise
October 22, 2024
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28:21Now PlayingElite US economist warns: dollar system is weakening as gold BRICS rise
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as posted by the channelThe US dollar is gradually losing its dominance, and foreign central banks are buying fewer Treasury securities, instead holding more gold in their reserves, warns Mohamed El-Erian, a mainstream American economist. Ben Norton discusses how countries are seeking financial alternatives, especially Global South nations around BRICS.
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BRICS plans ‘multicurrency system’ to challenge US dollar dominanceUnderstanding Russia’s proposal
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