BRICS Bridge, BRICS Pay: Bold Plan or Empty Promise?

But one think i noted your personality is growing as much as BRICS growing..
May i impect on all humanity same as your face beautifying the your show more impressively from earlier..
I can only pray for your success along with BRICS .
You message is more powerfully displayed to the world

Ur video title is disrespectful to BRICS

What rubbish interview is this?

Lots of leaders want to benefit from Brics but do not want to do the heavy lifting like Russia and China

All of you were talking and spreading fake information about things you do not know about. Did anyone tell you there was going to be an alternative payment system. Lots of countries talk but no action. Only Russia and China are willing to do the geavy lifting. Rest of Brics just blow hit air

BRICS weakest link is Brazil for now must be stood down for future events until Lula gets his $h!t together.
From what I have seen so far, South Africa has strong Venezuela great potential. Turkey plays both sides, not to be trusted at this point.
(From Australia 🇦🇺 where MSM are fk'n clueless)

Too much accent

One of the central tenets of the BRICS organization is its commitment to multilateralism. In an era where unilateral actions by dominant powers can lead to conflict, BRICS advocates for a more inclusive global governance framework. By providing a counterbalance to Western hegemony, BRICS encourages a multipolar world where decisions are made collectively rather than imposed by a select few. This approach reduces the likelihood of conflicts arising from unilateral actions and promotes diplomatic solutions.

The os so stupid that he thinks Bricks members, some of the biggest oil exporters in the world, don’t no the many variations of petroleum.

👍👍

Anastasia two important essential qualities that came to mind during your questioning of payments in BRICS, are like many, many miles to go… but the “first step” has been laid down by the BRICS.

Secondly the “isolation issues of President Putin” has been destroyed by the Nations attending this BRICS Summit.

Congratulations Madam and thank you from Fiji 🇫🇯 island.

RIC will be the Superpower again...

Todos os membros dos BRICs terão de ter consciência da responsabilidade de fazer parte duma organização que cada um é responsável.

Would it be a good idea for Australia join the BRICS and would it create a safer world,

whole world following with BRICS interesting new global economic China economic number one largest economic growing rise so right China yuan currency is global payment world interest support Yuan currency and kick out old u.s dollar hegemony

Great interview, how was the experience?

I too was hoping for more definite information about the BRICS payment system. I think it will be great! Much faster, efficient and with lower cost than the existing systems. I'm also hoping for a global version of such system, unless Western countries too will use the BRICS system, which is doubtful, at least for now.

S lot of Waffle but few details or Insights !

What does your guest think about INDIA'S MODI STATEMENT TO PRESIDENT PUTIN WHEN MODI TALKED ABOUT RUSSIA'S MILITARY ENGAGEMENT IN UKRAINE. TALKING ABOUT MILITARY ENGAGEMENT OF RUSSIA IN A PUBLIC FORUM SMACKS OF POLITICAL GRANDSTANDING AND SOMETHING THAT ON THE FIRST DAY OF BRICS MEETING WAS OUT OF THE ORDINARY. I THINK MODI WAS TRYING TO MAKE A GOOD IMPRESSION WITH THE AMERICANS WHEN MODI OFFERED HIS ASSISTANCE.

madam.Apart from brics news,u have to post other valuable news.Dont stick to brics news always😂😂

drums was beat with high expectations...being & sounding positive is just coping with dashed hopes, bricspay & bricsbridge is there but not really there...lets hope it will not just dissipate into dust...100+ communicate..geeting too ahead of oneself....BRICS only needs an up & running alternative payment system & a commodity exchange which should start with grain & precious metal..alas both did not materialise...hope BRICS realises its full potential

Bold Plan❤️BRICS+🌏🦾😇🌹👋

Oh Yeah ❤️BRICS+🇹🇷🦾😇👋

What it is empty is the dollar value, it is reflected in the price of gold. It is not the price of gold that has reached the amount of 2750 usd, it is the lose of value of the dollar

Initially, it will be between 2 trading BRICS+ countries, extending the existing Currency Swap Mechanism. Next, should be the linkage among a group of countries within the BRICS+. Eventually, it will be for the whole BRICS+ countries and partners. BRICS+ should proceed carefully with one incremental step at a time knowing full well the G7 countries would constantly try to undermine the progress

In the current Global Scenario of multipolarity:
US - "Please don't ditch the US Dollar, I'm already broke, with this I'll be bankrupt, remember I was your old Boss, have some mercy"
China - "I sucked everything from you, Yuan is the way, I am your new Big Boss, the Dragon is always hungry, if you don't use Yuan I will breathe fire on your borders"
India - "Guys please keep fighting, it's helping me grow. I think the world can ditch USD and Yuan and trade with UPI"
Russia - "Folks I just want to trade, can we please start using BRICS Pay"
US - "WW3 is the only option", and here we go...

Fasten your seatbelts, folks. The next five years will be pure survival for all of us. Stock up some food and buy a bunker home. I hope they don't nuke the planet.

I expect that an equivalent of the European TARGET will be installed which is de facto a digitized transnational payment system, even when limited to transfers between national Central Banks and the EURO issuing European Central Bank.

The main objective, here is to consolidate Eurasia - and BRICS, overseas - against trade war and sanctions (primary and secondary) from the Transatlantic Bretton Woods clique.
The political issue is, however not so much multi-lateral trade balances which can simply be kept in 'books'/memory storge, but the effect of social control if consumer credit will be linked, digitally to digital identification of end users/private customers.

Ever since the US had cancelled the encrypted, anonymized 'Thin Thread' surveillance program in favor of unconstitutional mass surveillance in 2001 (e.g. 'XKeyScore', PRISM), the country's political legitimacy - that is how tax paying and voting citizens still trust in due process and accountability - has dramatically declined to the point that recruitment quota for the military services are about to fail (Australian research has confirmed that also in regard to 'Radio Free Europe' linked channels and social media bots).

Trust and credibility are the most valuable 'currency' - if BRICS will outscore the West, here it's political culture will set the 'gold standard' of political rule for the rest of the century.

The problem of precious metal backed currencies is that extraction must keep up with industrial production of goods and services - which is unlikely even when combined gold/silver/platinum.

The purpose of currency is to facilitate the barter of goods and services - if currency is accumulated and hoarded as in Western financial capitalism then goods and services are not circulating, efficiently - which is exactly what can be observed in the Bretton Woods System at least since the Oil Crisis of 1974 when Saudi petro-dollar was to inflate US stock prices (joined by Japanese and Chinese purchases of US bonds)...

One technological approach could be to link goods directly and digitally to a perishable digital currency - encouraging baking, every time, cake is eaten (where wages have the purpose of enabling a workforce to show up for production, well fed, rested and convinced that their labor genuinely serves the needs of their neighbors in a mutual 'social contract' - this 'minimum wage' can also be payed, centrally as 'Universal Income' as de facto social security works, already - albeit 'Red Taped' behind bureaucracy, inquiring the very same information in longwinded manual writing, every 12 months)...

Jai Hind. No BRICS currency is in sight. But BRICS+ should be able to start using Tether R5 for block chain transactions

BRICS needs a Bretton Woods to be able to mitigate the damage done by Bretton Woods. They need a Karl Marx analysis of the system to be able to synthesize a solution. That is the only pragmatic approach to the situation.

Currency change is only but a band aid.

There is no place for fiat currencies in a world we need to make humane. White supremacy hegemony needs to be exorcized, if a solution is needed???

Dealing with the elephant in the room is paramount. White privilege is behind all these wars. Che Guevara said Fidel Castro said about America , "end the philosophy of war and the philosophy of plunder also ends".

💚🐉 🌼🐉💚
🌻 Thanks 🌻
Cuba & n-Korea
Are Welcome
🌍 🇨🇳💚🇷🇺 🌎
Confucianism
Meritocracy
Marxism
💙☸️☯️☸️💙
Wish 🧞I was
Chinese.
💙

A while ago I read that China sold American bonds to reduce its vulnerability to America. They actually received dollars. At face that seems ridiculous until we learn those dollars can be held in Chinese banks out of reach of the US. As such they retain there value. Surely the dollar could be used between countries using an alternate settlement system than the BIS. That way outside US scrutiny. Also importantly the US would not have the incentive to destroy their dollar as they would with a BRICS currency.

👍

Brics is amazing ...thank you Putin thank you china

Brics is amazing ...thank you Putin thank you china

🌞🖖🏼✌🏽

UU RR Amazing! ! U RR So Well informed . . Anastasia ! !

Does anybody know how i can invest in BRICS ?

A new international central trade bank using a gold-backed currency could be structured as a unique, specialized financial institution focused on stabilizing global trade payments with minimal reserves held by each country. Here’s a model for how this could work:
1. Founding the International Central Trade Bank (ICTB)
• Purpose: The ICTB would exist solely to facilitate trade payments between countries, not to replace national currencies but to streamline trade and reduce reserve requirements.
• Gold-Backed Currency: Introduce a gold-backed currency (let’s call it “Trade Gold Unit,” or TGU) pegged to a specific weight of gold. The ICTB would use TGU as a stable currency, and countries would use it solely for trade payments.
2. Structure and Reserves
• Shared Reserve Pool: Each country contributes a minimum reserve, potentially only around 1% (or even lower) of its annual import volume to a central shared pool, lowering the burden on individual national reserves.
• Gold and Reserve Assets: The ICTB would hold gold and other valuable commodities as a part of its reserve to back the TGU, ensuring stability and maintaining trust in its value.
• Special Liquidity Provisions: If a country faces temporary payment issues, ICTB could offer temporary liquidity support, similar to the IMF’s Special Drawing Rights (SDR) but specifically for trade payments.
3. Operational Mechanisms
• Bilateral Agreements: Countries would form bilateral agreements within the ICTB framework to facilitate smoother trade, and they could use the TGU for payments, reducing dependency on third-party reserve currencies.
• Clearing System: A centralized clearing system would match trade balances among countries, meaning each country only needs to settle the net balance of its transactions periodically, further minimizing the reserve requirements.
• Adjustment Mechanism: For countries with recurring trade deficits, the ICTB could introduce an adjustment mechanism, such as incentivizing exports or charging fees, to prevent prolonged imbalances.
4. Benefits
• Minimal Reserve Requirements: The pooled reserves and efficient clearing system mean countries could maintain reserves of 1% or less of annual imports, which would normally be too low without this structure.
• Reduced Dependency on National Currencies: By using TGU, the system reduces dependence on reserve currencies like the U.S. dollar, which can be affected by U.S. domestic policy and currency volatility.
• Increased Stability in Global Trade: A gold-backed trade currency provides a hedge against inflation and currency risks, offering a stable value and protecting countries from currency crises.
5. Challenges and Considerations
• Global Coordination and Governance: Ensuring fair governance in the ICTB would require international cooperation and a transparent system for managing reserves, liquidity, and bilateral agreements.
• Gold Supply and Volatility: Since gold prices can fluctuate, ICTB would need mechanisms to manage TGU value stability or diversify its asset reserves beyond gold if necessary.
This model would represent a hybrid approach, combining features of a central bank, a gold standard system, and an international payment facilitator, all designed to streamline global trade with lower reserve burdens on each participating country.

BRICS is not trying to lead the world, why do media people get this wrong. Putin has talk about BRICS for years and these media people always hear completely different words than what Putin said.

Once again South Africa uses BRICS to champion its own cause in support of Gaza completely ignorant of the history or of the situation of the use of human shields by terrorist organizations. He is the weak link in the chain without a doubt and so BRICS needs to be very careful with that man. For one thing interfering in the business of other countries as he is doing on a stage for economic benefit and partnership among countries lowers the bar considerably. I cannot begin to tell you how disappointed I am. Like he was refusing a Academy award because maids are not getting union wages or something as stupid as that. lol
It is no business of his at all. Has anyone looked at his country lately? It is a compete mess. People who live in glass houses should not throw stones.
He knows nothing of the economic development plan I hatched for Israel to link up with Russian rail in Baghdad and why this entire thing is going on.
He needs to be replaced.

The beginning of the end for dollar global domination

Thank you for your excellent reports and your excellent guests.

Alexander Mercuris and Alex Christoforou on "The Duran" chanel made an equally excellent report yesterday entitled "BRICS Bridge & BRICS Clear, new financial architecture" ( Episode 2046) .

If you have a chance please watch and perhaps consider having Alex and Alexander on as guests to discuss further .

Summary of Episode 2046- "...the BRICS Summit in Kazan, focusing on new financial systems like BRICS Bridge and BRICS Clear. It analyzes the Kazan Declaration, highlighting plans for alternative financial structures and the potential shift in global economic power away from the West."

Thanks for all your hard work.

Why should i have to buy US dollars to buy non US product?

Empty promises

you are a stunning lady !

Ms Anastasia,

Series on BRICS Pay and mBridge, please.

There are some Articles out that the Bank of Intl Settlements (BIS) are taking steps to interfere with mBridge.

Thank you.

No need for Switzerland anymore, thx Swiss people for your technical knowledge to help us get where we want to be, unfortunately Switzerland the Mbridge was not the goal at all, sorry for the dissapointment Americans 😂😂😂😂😂