11 Reasons Why BRICS Will Fail

BRICS has been trending this week, as more nations apply to China to join BRICS, a new currency that will compete against the US dollar. In this video, I am going to show you some statistics that a lot of people do not know about and show you why I think BRICS will fail.

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Neither Zach De Gregorio or Wolves and Finance shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.

Time Codes:
0:00 Intro
0:38 BRICS definition
2:17 Currency decisions are comparative
3:58 Floating currencies are better than commodities
5:54 The US economy is big
7:15 The US Federal Reserve has a track record
8:03 The Euro failed
9:13 BRICS nations hate each other
9:58 The US has more gold
10:44 The US military is strong
12:00 China has a bad reputation
12:55 Communism disincentivizes entrepreneurship
13:35 US issues are solvable
16:07 Summary