Not sure why he’d go into the topic of a BRICS alternative to a global reserve currency. That just ain’t happening. Especially a commodity based currency. That’

Not sure why he’d go into the topic of a BRICS alternative to a global reserve currency. That just ain’t happening. Especially a commodity based currency. That’s just not going to scale. There’s a force aspect to the dollars role as global reserve currency, yes. But the main factor is that America built the world’s best currency and the best international banking system. It’s the only currency that could scale to meet global demand, and so of course it became the global reserve currency. None of the proposed alternatives have the properties needed to replace the dollar. So there’s no reason to think it’s being replaced anytime soon. Apart from that he has some good points.