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Transcript
00:00You might have heard of something called the G7 Summit.
00:02This is where the world's leading countries with advanced economies come together to talk about nothing short of how to rule the world.
00:10Canada, France, Italy, Germany, Japan, the UK, and the US.
00:15You can think of this club as sort of like the cool kids club where all the seniors hang out and not everyone is invited,
00:20which is why another club was created for all the other kids.
00:24The Bricks Summit.
00:26Think of this club as the junior varsity edition of the G7 Summit.
00:30Russia, India, China, and South Africa.
00:33They represent the world's leading developing countries.
00:37At the end of June this year, they came together and on the topic of discussion for the 14th annual Bricks Summit
00:45was the creation of a new monetary system,
00:48which means that soon we could be seeing the creation of a new world reserve currency.
00:53And the problem with that is that it's going to challenge the global dominance of the US dollar.
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