BRICS Ending US Dollar with China and Russia?

Summary

In this video, the host discusses recent geopolitical tensions, including North Korea's unusual use of 'poop balloons' towards the South, and the crossing of the border by North Korean soldiers, prompting warning shots. The video also covers China's aggressive actions with the Philippines over maritime territory, the potential weakening of the US dollar with the rise of BRICS nations, and the shifting alliances that could impact global trade and politics. The host expresses concern over escalating conflicts and the potential for a new Cold War scenario, while also sharing personal anecdotes and insights from living in South Korea.

Takeaways

• 😨 North Korea has sent balloons with feces over the border into South Korea, a tactic reminiscent of medieval warfare.
• 🏰 The speaker recalls playing a game on the Commodore 64 where catapults were used to hurl dead animals into enemy castles to spread disease.
• ⚠️ North Korean soldiers have crossed the border, prompting South Korea to fire warning shots, indicating increased aggression.
• 🌍 The world appears to be dividing into two camps, similar to the Cold War, with China and Russia aligning against the US and its allies.
• 🗡️ A low-tech clash between the Chinese Coast Guard and the Philippine Navy resulted in injuries, with axes being used as weapons.
• 💡 The speaker suggests that countries are trying to assert authority without resorting to a hot war, possibly through proxy conflicts.
• 🛑 The US is pressuring its allies to adopt economic measures against China, such as tariffs on electric vehicles (EVs).
• 🔄 There are rumors that North Korea has been supplying weapons to Russia, although this has not been confirmed.
• 🔗 The BRICS nations are strengthening their ties, with Thailand and Malaysia looking to join the bloc.
• 📉 The Japanese yen is sinking, and the US is concerned about Japan's lack of action to support its currency.
• 💡 The speaker speculates that the dollar's strength is based on trust in the American economy and that the US will likely devise a plan to support it against challenges from Russia and China.

Q & A

What unusual action did North Korea reportedly take towards South Korea?

North Korea reportedly sent balloons filled with poop across the border into South Korea.

What historical context does the speaker mention regarding the use of such tactics?

The speaker mentions that such tactics, like throwing feces or dead animals, were used in medieval warfare to spread disease.

What game did the speaker used to play that involved catapulting objects into enemy territory?

The speaker mentioned playing an old game on the Commodore 64 that involved using a catapult to throw dead animals, possibly a game similar to 'Ivanhoe', but the exact name is not recalled.

What recent incident involving North Korean soldiers prompted concern?

North Korean soldiers crossed the border, which prompted warning shots to be fired, indicating a more aggressive stance from the North.

What is the speaker's perspective on the current geopolitical climate?

The speaker sees the world dividing into two sides, similar to the Cold War, with countries aligning with either the USA or with China and Russia.

What recent territorial dispute is mentioned in the script involving China and the Philippines?

A territorial dispute over an area in the ocean led to a low-tech clash between the Chinese Coast Guard and the Philippine Navy, with axes being used as weapons.

What economic measures are being taken against China by the USA and Canada?

The USA and Canada are implementing tariffs on Chinese electric vehicles (EVs), with the USA imposing a 100% EV tariff.

What is the BRICS organization and what recent developments are mentioned in the script?

BRICS is an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. The script mentions that Thailand and Malaysia are looking to join BRICS.

What concerns does the speaker express about the Japanese yen and its implications for the USA?

The speaker is concerned that the sinking yen could affect the sale of American goods overseas, as a stronger dollar makes exports more expensive.

What is the speaker's opinion on the USA's involvement in the Middle East?

The speaker believes the USA should not get involved in Middle Eastern conflicts, expressing disappointment in the USA's support for Israel during the Gaza War.

What is the speaker's view on the potential impact of cryptocurrencies on the US dollar?

The speaker suggests that cryptocurrencies, possibly supported by Russia and China, could be used to weaken the US dollar.