>>>
Decomposed > An interesting article, so thanks. But I don't see how it bolsters your argument. China and India certainly hate and distrust one another - but not enough to stop either one from joining an organization that allies them on certain issues.
And:
If the new BRICS currency is backed by gold -
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Most of what you typed is True, De.
But Gold (or just about any other commodity) to back currency is just not going to fly.
1.) Poloticians do NOT want it as they could not inflate it.
2.) If the price of gold goes much above the 'BRICSY' peg certain enterprising entrepreneurs will redeem their BRICSY's for gold then sell it for a sweet profit - putting the 'BRICSY' backers into a situation similar to that Nixon had when he took the U.S. off the gold standard.
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