We won't be seeing a BRICS currency any time soon
(www.nakedcapitalism.com)
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The BRICS currency was never the interesting part of this, it was the part about it being a gold backed currency that was interesting. Depending upon how you do that can prevent the easy expansion of the monetary supply and thus the massive credit expansion. In other words you can prevent the monetization of debt.
That said you do have to be careful because if you give your BRICS central bank the ability to set the peg, they can still deliberately devalue it.
Agree. And there is nothing topping each country from issuing their own currencies, pegged not just to gold but to resources. Infact, each country has different reources and hence the pegs will be different.
That completely is on us. Hence the need for Great Awakening. If people do not understand the extreme and utter evilness of allowing some private entity to control your currency, there is no hope for humanity no matter how many criminals are prosecuted.
And it is such a abstract concept for most people to understand. How do you convert an abstract concept into something relatable? Hit them on the head with it again and again and again under they wake up.