BRICS gold-backed currency coming in August
This thread will surely be visited only by people with some knowledge economics, or at least the history of modern currency system. &#x2F;s<p>With that out of the way, let me tell you some harsh truths. Gold standard fell apart because it was a bad way to manage currency in a modern industrialized society. The Great Depression was effectively the final nail in it&#x27;s coffin. Bretton Woods was essentially vehicle for US dollar dominance, and ended when in the 70s US government realized it wasn&#x27;t worth the effort.<p>But sure, let&#x27;s go back to that. Given our, and by that I mean Tech community, track record of monetary decisions that can only work out great. Let&#x27;s &quot;do our own research&quot; again.