Zimbabwe turns to gold in efforts to permanently ditching US dollar

Cryptopolitan ^ | 4/5/24 | Story by Jai Hamid

[RomanSoldier19]

Buckle up, because Zimbabwe’s going for a wild ride down Gold Lane, ditching the US dollar like it’s out of fashion. Under President Emmerson Mnangagwa’s regime, this southern African gem is shaking up its monetary system yet again. This time, they’re pulling a bold move by introducing a new gold-backed currency.

[RomanSoldier19]

[antidemoncrat]

Our dollar was backed by gold until Nixon took us off it.

[PGR88]

Its impossible to a be socialist with a gold-backed currency.

Government central planners and social-engineers MUST rely on debt, inflation and money-printing to fund their schemes. Control-freaks marxists are, they would NEVER want something so important for political power to be out of their control

Its why a return to a gold-backed currency is absolutely vital in the United States.

[Sirius Lee]

Zimbabwe learned the hardwe. So will the US.

[hanamizu]

I still have two of the five crisp $100.000,000,000,000 Zimbabwe notes I bought. Gave two away to people I wanted to make rich and sold one.

[gibsonguy]

Our dollar was backed by gold until Nixon took us off it.“

Actually FDR was the one who started it -of course

[Colinsky]

a return to a gold-backed currency is absolutely vital in the United States.

Yeah, but sooner or later we'll be able to use our cold-fusion-powered 3D printers to crank out as much gold as we want.

[Disambiguator]

We have one now, but it’s a private issue, and it’s not really currency.

https://www.goldback.com/

[Chode]

[griffin]

Uh oh.....

...someone’s gonna lose their regime!!

[South Dakota]

Be careful.
Sid vicious/ Hillary are still around

[stylin19a]

181 Countries receive military and\or financial aid.
any country who joins BRICS should lose all U.S. aid.
Maybe something for Pres. Trump to consider...

[Mean Daddy]

That’s a great point. I also think we should switch to a sales based tax to motivate politicians to keep the economy humming.

[Poison Pill]

Unless Zimbabwe is going to have an open exchange window where their currency can be openly traded in for gold bullion, then it isn’t going to be a gold backed currency.

[stylin19a]

Darn right. Zimbabwe has expressed an interest in joining BRICS.
BRICS is committed to a common currency.(to kill the US Dollar as the reserve currency.)
That would take care of Zimbabwe’s currency need.

These have already applied for BRICS
Algeria
Bahrain
Bangladesh
Belarus
Bolivia
Cuba
Kazakhstan
Kuwait
Pakistan
Palestine
Senegal
Thailand
Venezuela
Vietnam1
Nigeria

These have expressed interest
Afghanistan
Angola
Cameroon
Comoros
DR Congo
Gabon
Guinea-Bissau
Guyana
Jamaica
Libya
Mexico
Myanmar
Nicaragua
South Sudan
Sudan
Suriname
Syria
Tajikistan
Tunisia
Turkey
Somalia
Uganda
Zimbabwe

[stylin19a]

check this out...better description...

https://iharare.com/from-zwl-to-zig-zimbabwe-announces-new-gold-backed-currency-here-is-what-you-need-to-know/