BRICS Countries & Shanghai Cooperation Organization develop Gold standard for Global Trade

09/07/2023 / BRICS, Economics, Finance / Alasdair Macleod, Bretton Woods, BRICS, GDP, PPP, Shanghai Cooperation Organisation, Shanghai Cooperation Organization

Yesterday, we had confirmed the most important monetary development since Bretton Woods 80 years ago: BRICS and SCO will adopt a gold standard for trade. This is over 50% of global GDP on a PPP basis, and 64% of the worlds population. $,£,€ and yen will be toast.
— Alasdair Macleod (@MacleodFinance) July 8, 2023