Comments on: GoldBRICking https://didacticmind.com/2023/11/goldbricking.html Strategic Defence of the Mantle of Responsibility Tue, 14 Nov 2023 03:00:26 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Robert W https://didacticmind.com/2023/11/goldbricking.html#comment-8450 Tue, 14 Nov 2023 03:00:26 +0000 https://didacticmind.com/?p=19106#comment-8450 For the BRICS currency to take off, there will need to be simultaneous buy-in from these cultures: Russian, Chinese, Indian, Brazilan.
Persians, Egyptians, SefRicans, Venezualians will get on board the train when it starts moving, but those four big boys have to start pulling together at the same time.

For that to happen, the catastrophe of the USD will have to be so painful that they become willing to forego their own control of the national currency and trust their counterparts to play nice. How can there be a high trust level with low-trust nations?

So long as there is a USD, I don’t see how that is possible. Even in this recent monster-inflation run-up through the WuFlu scam, USD gained against international currencies. They want the inflation as much, maybe more than the FED is willing to push.

I’m sympathetic to the Austrian gold bugs but this BRICS conjures a false savior.

BTC to the moon, etc 😉

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