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Editor’s Note: Instead of basing the price of “anything” on the petrodollar (based on oil prices), a great push is being made by BRICS to instead, base the price of “anything” globally to an agreed upon price of gold!
Remember back when the Russia/Ukraine war had just started, and I predicted that Russia and China would launch their own gold backed currency? At the time, this idea sounded completely foreign, and I was ridiculed for bringing it up. Today, it just become reality. 41+ countries look like they could be returning to a gold standard. Meanwhile this announcement from BRICS is a key waypoint in a larger map of dethroning the U.S. dollar as the world’s global reserve currency. Not only does it solidify what we already know — that gold is real money — but it is also the most pronounced public challenge to the U.S. dollar on the global stage in recent memory.