Do not be shocked if the oft talked about theory of a gold-backed BRICS currency becomes a reality this Fall.
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The irony of this is that Uncle Sam may try to leverage the dollar system to prevent this from happening. π
printing more money will only make the usa more zimbabwe
They ainβt buying gold for no reason
Interesting⦠if they launch it, it proves the old financial system is desperate. Time for decentralized money. Bitcoin just became even more relevant.
Hope so
I'm old enough to remember that one time Chinese leadership chose Silver over Gold as the foundational layer of their monetary system. It set them back 200 years.
They are doing it again. This time with Gold that will be demonetized by #bitcoin.
History doesn't repeat but it rhythms.
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Every currency is gold backed until it isn't. Bitcoin is still going to win against all alternatives regardless.

