IPFS News Link • Dollar Meltdown The
Thoughts on the BRICs Currency
• https://sashalatypova.substack.com, Sasha LatypovaThis is a collaborative article with contribution from a finance and economics correspondent who wishes to remain anonymous.
I like this meme, because my personal recommendation has been to stock up on ammo for various reasons including that it can be used as a replacement for currency.
There is some information and speculation about the possibility of a gold-backed BRICS currency ("gold brics"?) that could challenge the dominance of the U.S. dollar and increase the financial autonomy of the BRICS nations (Brazil, Russia, India, China, and South Africa). According to some sources, the official announcement of this proposal is expected to take place during the BRICS summit in South Africa in August 2023. However, there are also some challenges and uncertainties regarding the feasibility and implementation of this idea.