The BRICS Will Use a Gold Standard
The Next 5 Years
Housekeeping: Good Morning.
The BRICS are definitely going on a Gold standard. For the West, this means one thing. If a Western Nation wants to trade with BRICS for certain goods, it needs more gold. If the West does not wish to trade with the BRICS for those items, then they must onshore/friendshore/reshore their supply chains sufficiently in natural resources otherwise provided by the BRICS to obviate the need for both the BRICS resources and more gold
-Vincent Lanci
Contents: The Next 5 Years (1900 words)
Abstract: It’s All One Thing
The Currency
The Unit and Technology
The BiS Role
The G7 Problem, Solved With Gold and Silver
The Store of Value
The BRICS Challenge to U.S. Dollar Hegemony
The Three Phase Plan
The End of Dollar Dependency
The National Approach to Internationalism
Related
Abstract: It’s all one thing.
Given the following realities; the BRICS and those that wish to trade with them must go on a gold standard in part or in whole. Why?
It’s all about supply chains and payment chains.
The US must rebuild supply chains to remain self-sufficient in certain commodities or it must trade with the BRICS on the BRICS terms. And that means with Gold in hand
The BRICS, in turn, must build payment chains (and value-added portions of supply chains) to replace the SWIFT system. Either that or they must then remain dependent on the US. And that means with the USD in hand
The alternative to ignoring these choices between economic self-sufficiency and a Gold standard for continued international trade is: isolation, misallocation and misuse of resources, and finally escalation of war.
What follows is a description of the situation, a contextual overview of the BRICS plan, and how the G7 must continue to respond over the next 5 years.