RE: Its official12 Jul 2023 18:30
Martin Armstrong doubts that the BRICS will come up with a gold back currency.
"BRICS & The Gold Backed Currency Idea
...
This is where the IMF is trying to desperately move in for the kill to replace the dollar with their electronic digital currency. This is really no better because the IMF will also play political games. Strauss-Kahn was appointed managing director of the IMF on September 28, 2007, with the backing of then–President of France Nicolas Sarkozy. He was set up, and in New York, they came up with a maid in a hotel who claimed he tried to rape her. They wanted to remove him because he was independent. He served in that capacity until he was forced to resign on May 18, 2011. All the charges were later dismissed for the lack of any credibility. Yet, his replacement was Obama’s friend Christine Legard, a board member of the economic terrorist organization, the World Economic Forum. She was installed in the IMF and immediately threatened all the tax havens to turn over all their secret client accounts or they would be removed from SWIFT. She also threatened the Vatican.
We are clearly staring into the eyes of a major global sovereign debt default. This is also why they are pushing for war. They plan on holding another Bretton Woods II, and the IMF will make its pitch to rule the world. This is all part of the scheme for this one-world government. The likely hood of a BRICS gold-backed single currency is not very high. As I said, it would require the surrender of sovereignty to whom? Russia can back its currency with gold. That would not really help China. there will be conflicts of interests all around."
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/brics-the-gold-back-currency-idea/
If you don't know who Martin Armstrong is, you need to know. He isn't some opinionated mouthpiece. He is consulted by world leaders, central banks and huge corporations for his views.