Assuming this Russia / China 'BRICS currency' REALLY is gold backed . . .
How long can or will they keep it so?
Russia has a shrinking population base . . . and has lost a LOT of their working age males in Ukraine.
China has 'debt problems' and also has a shrinking population of working age males. Courtesy of a combination of that 'one child policy' and more affluent mothers who do not want to produce large families.
Do I trust Russian currency? No.
Do I trust Chinese currency? Again, No.
Do I trust American currency? Do I have a choice? Everything I need or want to buy is denominated in American Dollars.
Zim.
Mad Poet Strikes Again. |