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Replying to Avatar Shawn

That no major Western media are covering this could be read two ways.

“Brazil, Russia, India, China and South Africa, a coalition of nations going by the moniker BRICS, is set to introduce a new currency backed by gold, Russian English news channel RT reported.”

https://www.benzinga.com/markets/asia/23/07/33155604/brics-gold-backed-common-currency-a-shock-to-global-fiat-money-system-says-economist-as-russia-confi

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reilly 2y ago

"Backed by gold" actually means "backed by a promise of gold" and we all know how nation states are when it comes to keeping promises. BRICS might fool midwits but in reality it's just fiat 2.0.

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