BRICS grows stronger: US threats unify China, India, Russia, as they challenge dollar system

Trump's attacks on BRICS have backfired, forcing China, India, and Russia closer together. The Global South-led organization held a summit in New Delhi, where leaders discussed plans to challenge the US dollar system, by connecting new payment systems using local currencies. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=feQmxuMB2xw

Topics

0:00 Rise of BRICS

1:04 BRICS summit in New Delhi

2:52 China and India improve relations

5:10 Shanghai Cooperation Organization (SCO)

7:28 BRICS challenges US dollar system

9:32 Local currency payment systems

14:13 Debates about replacing US dollar

16:19 Central banks stockpile gold

17:43 Gold overtakes US Treasuries in reserves