Loading ...New replacement currency will be backed by gold,
Russian President Vladimir Putin announced that BRICS nations are going to roll out a new alternative to the US dollar’s global reserve currency status.
The new replacement currency will be powered by blockchain and backed by gold, which is why member nations have been rapidly stockpiling gold supplies in anticipation of the big announcement. When that announcement comes, nations that represent most of the world’s population will simultaneously denounce the US dollar and roll out a gold-backed, blockchain-audited international currency system that will instantly become the world’s currency choice for free trade and a store of value.
WOWZERS !
Great Scoop P K !
Ah…Mike Adams again
It’s a Great scenario and I love the delivery. he is spot on about the decay and rot that is Western “Civilization”
But His track record is as a Sensationalist
This is more Hyperbole IMHO
But much of it will come to pass
Agree with FGC, much of it will come to pass, some of it already has. I don’t follow Adams but will take your word that he is a sensationalist and has something to sell. However, it is clear the non western aligned countries (just about everyone other than US, Canada, Japan, Australia, Europe and the UK) have been looking for and working towards a system not reliant on the dollar. Many of them have reduced their US Treasury holdings and increased their gold reserves. Wwhile there isn’t a direct convertibility into gold, Russia’s tying the ruble to gold, oil and possibly natural gas gives their alternative currency more actual value than the worthless fiat, US dollar. Even just an implicit backing is better than nothing. The final step is going digital to facilitate trade and financial transactions. It is logical and inevitable.
What would you suggest to park some money in the Ruble?