CBDC digital social credits vs BRICS gold backed currency

[RV Kirgit]

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Russia🇷🇺 has confirmed that the BRICS will introduce a new gold-backed currency which will challenge the dollar’s hegemonic dominance.

According to recent reports, as many as 41 countries are open to using the BRICS currency, which would mean a serious challenge to Washington’s… pic.twitter.com/t1hod6SMh7

— Going Underground (@GUnderground_TV) July 8, 2023

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[RV Kirgit]

What's kenya stand?

[RV Heavy Hitter!]

USA has the lion's share of gold reserves in the globe. You cannot escape dollar dominance in the globe the next 200+ years. You want to succeed anywhere, love the dollar and pursue it with passion!

[RV Kirgit]

Jul 16, 2023,09:30am EDT

After months of debate about various currency and commodity baskets, a Russia- and China-led consortium has apparently settled on using gold as the basis of a planned new international currency system separate from the US dollar and euro. As recently reported by state-funded Russia Today, an upcoming meeting of leaders from Brazil, Russia, India and China in August may include the formal introduction of the new initiative.

This would be similar to the Bretton Woods meeting in 1944, where, after the floating currency chaos of the Great Depression, a new gold-based international currency architecture was laid out. The centerpiece was the US dollar, which in turn would be linked to gold at $35/oz., its gold parity since 1933. This laid the foundation for two decades of peace, prosperity, and fixed exchange rates, which sadly came to an end when the US dollar was floated from its golden anchor in 1971.
https://www.forbes.com/sites/nathanlewis/2023/07/16/the-brics-go-for-gold/

[RV Kirgit]

USA has the lion's share of gold reserves in the globe. You cannot escape dollar dominance in the globe the next 200+ years. You want to succeed anywhere, love the dollar and pursue it with passion!

BRICS will ride gold to the moon as your CBDC ripple/world coin vouchers tank to smetherenes.

Ruto need to shift to bric like yesterday.

African and all not NATO affiliated countries are deluging to brics as we speak.

[Georgesoros]

Problem with BRICS is that they have a framework but it is not working. It is like Republican ideas - in theory they look good but fail miserably in practice. Until they find that button, it is a no starter. A pound used to rule, until replaced by dollar. Mostly thru trade. They need to find something that will be very successful around the world in order to replace the dollar. Democracy is one thing that boosted the dollar. If Republicans kill democracy then maybe BRICS can come up with a better acceptable governance standard - Russian mafia is not a standard.

[RV Kirgit]

Rare good news from the GOP as they introduce a bill banning a CBDC in all forms.

Including so-called “intermediated” CBDC’s going through banks or other contractors and lobbyists.

The bill won’t pass since Democrats support CBDC’s. But it makes it harder for the Uniparty to… pic.twitter.com/O1fLEV3G02

— Peter St Onge, Ph.D. (@profstonge) September 18, 2023