Trouble in Paradise for BRICS? What India's Ambitions Mean for the Global Economy

We have been going through a global process of de-dollarization and move to multi-polarity for a long time.

In 2023, that path has accelerated exponentially as India moves to make the Rupee a global exchange currency. India rapidly became the world’s second-largest economy, and now they might not need the BRICS block.

Will this shake up the global economy even further? In today’s episode, I talk about what’s going on with India, and why we should be paying attention to the Bank of International Settlements.

Link Mentioned
https://www.bis.org/publ/arpdf/ar2023e3.htm

00:00 - Intro and background information
02:34 - Conflict in the BRICS nations
03:28 - India’s meteoric rise
07:11 - The end of hegemony
08:47 - How India will leverage BRICS for its interests
11:20 - The international Rupee ambition
15:26 - The August BRICS meeting
18:54 - BIS unified ledger
21:54 - The confiscation of cash

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