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Dust Up In South Africa – Gold Backing Of Reserve And National Currencies… An Antiquated System?

Dust Up In South Africa – Gold Backing Of Reserve And National Currencies… An Antiquated System?

My personal understanding is that what the BRICS countries have in mind is a system very similar to Keynes’s concept of an international central bank that had the power to create its own reserves by issuing its own currency similar to the “bancor” and what he tried to...