It is curious how many now endorse the new gold-backed BRICS currency. The main partner of the BRICS is China, which has the longest history of using Fiat currency, starting from the 7th century and extending to the 17th century breaking convertibility to gold or silver on several occasions, what will stop it from doing so again?
Use #Bitcoin and forget about that state bullshit.
This thing will probably collapse the fiat standard: prices of goods will skyrocket. It’s going to be fun
I tend to think the world operates in paradigms, and the gold standard is already in the grave, not to say it couldn't be useful as a store of value but it can't work in international trade over time. The fiat standard is one foot in the grave, BRICS may or may not outlive the dollar, but it won't last long.
Forget countries. People should just adopt bitcoin and set themselves free.
why not bitcoin backed or even better just bitcoin, because thet can manipulate with gold
It would be nice if gold would pop, further emasculating the dollar. But it wont. Naked shorts all day long. Fiat gonna fiat
