Russia is preparing to introduce a gold backed currency in August at the BRICS Conference for trading with China, Brazil, and India:
According to Russia Today:
"BRICS is set to introduce a new currency backed by gold, in contrast to the credit-backed US dollar, with the decision coming a month ahead of the bloc's summit in Johannesburg. With the growing initiative, more and more countries are lining-up to join the group."
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Preparing Americans for Hyperinflation
