Given the currency controls currently in place by the BRICS major players, do you think they’re going to create a currency that is redeemable in demand for gold?
I don’t think they will. I think they will pretend to have a gold back currency, as the U.S. did from 1945-1971.
The idea that China or India is embracing economic freedom is laughably naive.
We’ll find out. I suspect that the 85% of the world that are not US puppet governments will flock to the BRICS currency, gold-backed or not, as the REAL BENEFIT of that currency is that the Neocons can no longer use the banking system to punish those governments.