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US Banks to STOP BRICS new Payment System: Isn't it the sign of Dollar's collapse?

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KeepItMovin - 131 Views
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Published on 30 Oct 2024 / In News and Politics

In one of our recent videos, we covered how the BRICS nations are pushing to develop a new inter-bank system to free themselves from SWIFT—a Western-based mechanism—and enable transactions without relying on the U.S. dollar, U.S. policies, or sanctions. This initiative has attracted significant media attention. However, a recent report indicates that Western financial institutions like the IMF and the World Bank are implementing policies to hinder this development. In this video, we delve into the topic in detail. We begin by discussing the principles of the new financial system, its capabilities and advantages, and why Western institutions are opposing it.

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