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We won't be seeing a BRICS currency any time soon (www.nakedcapitalism.com)

posted 1 year ago by kula 1 year ago by kula +115 / -1

Russian Central Bank Governor Elvira Nabiullina and Head of "BRICS Bank" Throw Cold Water on BRICS Currency Project | naked capi...

We’re late to a story that interestingly has been very much under-reported, perhaps because it is contrary to the anti-globalist narrative….already a minority faction in the Anglosphere. We’ve said for some time that the prospects for replacing the dollar ...

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– 007wannabee 6 points 1 year ago +6 / -0

I think you are right. My opinion is that each BRICS country will back their own currency with gold. You know, like the USA used to do in the good old days. Then "one ring to bind them all" just won't be needed - they will be happy to trade in each others' currencies since it is all a proxy for gold anyway.

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– Eion1830 2 points 1 year ago +2 / -0

Gandalf enters the chat

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