https://tankie.tube/videos/watch/122944f3-b031-4daa-a630-c686a5ad6b6f The US dollar is gradually losing its dominance, and foreign central banks are buying fewer Treasury securities, instead holding more gold in their reserves, warns Mohamed El-Erian, a mainstream American economist. Ben Norton discusses how countries are seeking financial alternatives, especially Global South nations around BRICS. Sources and links here: https://geopoliticaleconomy.com/2024/10/23/economist-dollar-system-gold-brics/ BRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposal - https://geopoliticaleconomy.com/2024/10/19/brics-russia-multi-currency-system-us-dollar/ Topics 0:00 Western media cope on de-dollarization 2:53 Renowned US economist warns de-dollarization is happening 4:55 Gold price rises despite inflation falling 7:18 BRICS seeks alternatives to US dollar dominance 9:04 Sanctions, reserves freezes, weaponization of US dollar system 11:23 Holding gold in reserves is not bringing back gold standard 13:08 Central banks buy lots of gold 14:40 West's economic war on Russia failed 15:34 US-Israel wars in Middle East (West Asia) 17:18 "Erosion" of US dollar hegemony 18:56 US government debt and Treasury market 24:39 USA now spends more on debt interest than military 25:09 China dumps US Treasury securities 25:59 Europe, Canada, Taiwan buy US Treasury bonds 27:57 Outro || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: https://Patreon.com/GeopoliticalEconomy Podcast: https://Soundcloud.com/GeopoliticalEconomy Newsletter: https://GeopoliticalEconomy.Substack.com Wed, 08 Apr 2026 22:56:09 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/122944f3-b031-4daa-a630-c686a5ad6b6f All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.