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re: Video: Sanctions against Russia appear to be hurting them BIGLY.
Posted on 5/16/24 at 9:17 pm to GumboPot
Posted on 5/16/24 at 9:17 pm to GumboPot
quote:
But trade between BRICS countries are backed by gold
How much is an ounce of gold worth in dollars? Real? Euros? Yuan? Rubles? Rupees? Rand? Separating gold from an accepted unit of exchange is impossible unless we want to go back to a barter system. Fact is, the Brazilian, Russian, Chinese, and South African economies are going to shrink and the U.S, Australian, Argentine, and Turkish economies are going to expand. Gold won't save BRICS from that.
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