We won't be seeing a BRICS currency any time soon
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As you know, novice here. Isn’t the general idea of a BRICS currency an idea of gold backed in an attempt at free exchange? If you pay no mind to the climate freaks, the one thing that makes the world go round is oil and gas. Eliminate the petrodollar, wouldn’t every country be on a more even playing field?
In general the idea is that its resource backed. Not all countries have enough gold because of all the Bankster shenanigans, but they all are resource rich. hence it makes sense for each country to back their currency with resources.
Petrodollar was the symptom.The real problem was the fiat currency illusion (that required petrodollar to force everyone into buying that illusion).
Remove the fiat currency and you dont need to worry about petrodollars or the wars that came with it. Wars, in general, are too expensive unless they are backed by fiat currencies.
But every country, doesn’t necessarily need other countries resources bc many can produce their own. Every country needs oil and gas. The US has more than enough resources to sustain our country for tens of thousands of years. No reason to import. It’s similar to even how the north vs the south in the US historically worked. My son learned two very different sides of the civil war, one in the north, the other in the south. The north needed the resources produced by the south vs slavery. So how do you create a level playing field? I’ve always felt BRICS was trying to implement it by being gold backed. Trade resources for gold, vice versa. Gold for oil.