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In today's video, we will discuss a pressing topic of more and more countries starting to rely on the dollar less and less. We will also touch on the petrodollar, Western monetary dominance, and the PetroYuan.

The BRIC countries (Brazil, Russia, India, China, and South Africa) are starting to move away from the dollar.

The BRICs account for 42% of the world's population and are responsible for 31.5% of global GDP. They are expected to contribute over 50% of global GDP by 2030.

Although they are becoming more populous and stronger economically, they have less than 15% of the voting rights within the IMF and The World Bank.

BRICs are trying to challenge the West's influence and also Western monetary dominance since essentially World War II.

This is coupled with Saudi Arabia and China starting to price their oil trade in Yuan instead of the US Dollar.

There is too much to unpack here so please watch the video until the end where you can hear my candid thoughts and how to position yourself.

Please watch until the end and share with a friend!

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⏰ Timestamps ⏰:
0:00 - Intro
1:01 - The BRICs
3:36 - US Dollar Dominance Begins
5:42 - The Petrodollar Importance
7:17 - The US Dollar's Uncertain Future
7:49 - Policygenius Spot
9:09 - Ongoing Trends
14:12 - The PetroYuan
16:25 - How To Position Yourself
17:52 - My Thoughts

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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

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