I’ve heard it said for a long time now that the ‘BRICS’ (Brazil, Russia, India, China, South Africa) were planning to launch a gold backed currency which would compete with, or even displace, the US dollar.

Until recently, I took these with a pinch of salt. The following video, however, would give anyone pause for thought. Maybe we need to revisit that assumption.

The video is a fascinating discussion of the reasons, chances and implications of this possible move. I would highly recommend it.