BLUF: The use of gold-backed currency set forward by Russia and China at the upcoming BRICS summit indicates a potential shift away from the current debt-encumbered, fiat currency system, leaning toward a gold standard that could redefine global trade and economy.
OSINT:
There’s a developing shift in global financial dynamics with Russia and China taking the lead. These countries’ sidestep of conventional monetary strategies has been largely unnoticed. However, their move towards a gold-based trade settlement currency to be presented for discussion at the forthcoming BRICS summit in Johannesburg could signify a pivotal change in the world’s monetary systems.
If accepted, this gold-backed currency could transform the foundation of global trade. This scheme suggests a return to gold standards using a currency-board model for stability. By comparing rouble and renminbi reserves, alongside presumed non-reserve gold bullion held by Russia and China, it becomes evident