Excellent article! Cuts through all of the noise, and get straight to the heart of the issue, which is bypassing current money payment systems (SWIFT et al), and simultaneously creating a competing system to the IMF's SDR (BRICS will call it something other than an SDR, but it will be similar except for the fact that the whole basket will be backed either by something, physical, or those currencies of which countries will be creating some kind of commodity for the world markets)! If the Western powers do not create a comparable gold-backed equivalent alongside a basket of currencies that actually start creating "stuff" that others around the world will want to consume, it will eventually be game over! The hype around June 9th seemed overblown by most, but you succinctly hit all the key points.
Excellent article! Cuts through all of the noise, and get straight to the heart of the issue, which is bypassing current money payment systems (SWIFT et al), and simultaneously creating a competing system to the IMF's SDR (BRICS will call it something other than an SDR, but it will be similar except for the fact that the whole basket will be backed either by something, physical, or those currencies of which countries will be creating some kind of commodity for the world markets)! If the Western powers do not create a comparable gold-backed equivalent alongside a basket of currencies that actually start creating "stuff" that others around the world will want to consume, it will eventually be game over! The hype around June 9th seemed overblown by most, but you succinctly hit all the key points.
Blessings,
Silence DoGood
☕✝️