Real money may replace fake money even sooner than people expect. From Alasdair Macleod at goldmoney.com:
Financial developments in the Russian and Chinese axis are being generally ignored. The confirmation by Russia that a trade settlement currency for an expanded BRICS is on the agenda at the Johannesburg summit later this month has barely been reported, and even sound money advocates are highly sceptical.
But all will be revealed in three weeks’ time. Meanwhile, this article looks at how gold standards could return in the wake of a new gold-backed trade settlement currency, if that is what emerges, using the currency board model as a template.
This is followed by an explanation of why gold reserves must cover the bank note issue. I assess the cover afforded to both the rouble and the renminbi, incorporating assumed levels of non-reserve gold bullion held by both Russia and China. The conclusion is that both nations have ample cover to implement proper gold standards. And that gives the opportunity for other allied nations to implement currency boards with the renminbi.
The availability of above ground gold stocks to support a global retreat from fiat currencies back to the stability of legal money — gold — is then addressed. The conclusion is that with bullion having migrated in vast quantities from the west to the east in recent decades, there is a deficit for the fiat-committed western alliance and nations in its sphere of influence to back their own currencies.
Gold is a construct of the white male patriarchy.
They tried to disrupt BRICS summit with the claim of war crimes against Putin for relocating Russian speaking children of Ukraine to RF territory.
It failed as usual and UK/Germany sent their youngsters out to rural areas during Bankster War II or WWII.