While strengthening economic, technological and scientific potential, Russia is ready to openly work with all fair partners on principles of respect to interests of each other, unconditional supremacy of international law, and equality of countries and peoples, the Russian President also noted
Source: BRICS basket-based international reserve currency under consideration — Putin – Business & Economy – TASS
KW: While the West blunders with rhetoric and dismissal the alieated BRICS are hard at work creating the new world order the way they see it. Barazil, Russia, India, China and SOuth Africa are sick of being pushed around by wall street maniplators and U.S Presidents who are ignorant, greedy and corrupt.
The so-called BRICS countries (Brazil, Russia, India, China and South Africa) met last week. The BRICS represent 30% of global GDP and 40% of the global population. On the initiative of Russian President Putin, the BRICs began to consider the formation of a new international reserve currency.
None of the BRICS currencies are safe enough or have large liquid bond markets based on their currencies to replace the dollar. But a new currency in digital form backed by a basket of commodities or gold could provide a satisfactory substitute.
Similar initiatives are underway in other forums such as the Shanghai Cooperation Organization, and the Eurasian Economic Union. It’ll take time, but participants are determined to break free of dollar domination. The best way for individuals to take advantage of this trend is to buy gold before the shift begins