- The US power is not a result of its position as the Global Currency, but the other way around.
- BRICS is a grouping of 4 large developing economies, but has produced no meaningful policy.
- For the US dollar to be dethroned, a new currency would have to be able to manage global trade, be huge and not care about the value of the currency in any given day.
- No country has the ability to meet all these criteria, and thus the US dollar is not in danger of being dethroned.
- Anti-American sentiment and lack of math and history understanding leads to the continued persistence of this idea.
Visit the Zeihan on Geopolitics YouTube page to view the full length original vlog. Published January 3, 2023
