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Re: Ricards BRICS will announce new currency on August 22 and 24.

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Fri, 23 Jun 23 10:19 PM | 16 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 43750 of 60008
(This msg. is a reply to 43745 by micro)
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Micro > The problem I have with GOLD as a currency and in the form of a coin, is how do I get change back when paying for something? AND, who all is going to accept a gold coin for payment?


Well Boss,
There was a time in this country when Gold was a major currency . . .

But Fiz's posting was about the 'BRICS' countries (most notably Russia and China) making a new 'currency' that would be gold backed and remove the U.S. Dollar from the 'worlds reserve currency'.

In my opinion . . .
Losing 'world reserve currency' status would be a bad thing for U.S.

Russia and China with a 'new reserve currency' could be a very good thing for them - as in they could indulge in a LOT more deficit spending than they can now.

And I'm hoping that Russia and China have a very hard time doing this . . . As I hope (and suspect) that most countries do not really trust them.

Zim.




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The above is a reply to the following message:
Re: Ricards: “BRICS+” will announce new currency on August 22–24.
By: micro in 6TH POPE
Fri, 23 Jun 23 8:59 PM 		Msg. 43745 of 60008

Hi Zim!

The problem I have with GOLD as a currency and in the form of a coin, is how do I get change back when paying for something? AND, who all is going to accept a gold coin for payment?

I think gold is good for some things but NOT as a currency.

It could BACK a currency as long as the backing is certifiably done by independent auditors not beholden to the Gubmint... Or any of its assasin organizations..


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