The BRICS nations are reportedly looking at launching a currency backed by gold. This has actually been rumored for awhile but now it is being talked about in the Russian media.
Russia confirms that they are launching a BRICS currency backed by #gold.
It will be on the agenda at the BRICS South Africa meeting in August. Many other countries have applied to join BRICS.
De-dollarization is accelerating.
🔊 pic.twitter.com/TM8A9d5Wie
— Wall Street Silver (@WallStreetSilv) July 8, 2023
Such a currency backed by gold would definitely accelerate the collapse of the US Dollar which is mostly now just propped up through coercion and threats.
BRICS+ will announce a new joint currency (backed by Gold) at the August summit. It’s the end of USD (backed by nothing) as global reserve currency, the end of endless US money printing on the backs of other nations and the inevitable US economic collapse under its enormous debt.
— Kim Dotcom (@KimDotcom) July 8, 2023
China and Russia have been accumulating gold for years no doubt in preparation for something like this.
Meanwhile in the United States, we don’t even know if the gold the government stole from the American people is still in Fort Knox. There hasn’t been any sort of audit done on it in decades.
