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Podcast: The Master of None
Episode: BRICS Consider Creating Central Currency: Will It Burn Bright or Fizzle Out in a Dumpster 🔥 ?
Description: In this podcast, we discuss the recent discussions among the BRICS countries (Brazil, Russia, India, China, and South Africa) about potentially creating their own central currency to reduce their reliance on the US dollar and avoid American sanctions. Russia has proposed this idea as a solution to the potential for American sanctions in August 2023. However, we examine the potential risks and challenges that these countries may face in attempting to create their own currency, given their current economic and social political issues. We also discuss the likelihood of the US dollar continuing to remain the dominant currency in the global...