163 - New BRICS Currency - Backed by Gold?
Episode description
The BRICS countries are meeting August 22-24 to discuss a new currency outside of the US dollar. Trade agreements right now settle in dollars, but after our big thinkers sanctioned Russia from using that currency, the BRICS are looking for an alternative. There are rumors that it could be "backed by gold." Can they pull it off? What happens if they do? What do you think will happen next week following the BRICS meeting? Let us know in the comments below, leave any links to support your thesis.
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