Compare it for example to the Euro: it's backed by moral and air. I wouldn't underrate the BRICS+ as they will control a large part of the global energy market and a part of the maritime bottlenecks (look why there is this clash at Suez and Red Sea now). It's a serious problem and the Crown and it's willful warmongers knew it

please be serious... ;)
BRICS issued *paper money* "backed by energy" - will be like Petro in Venezuela:
https://www.fintechnexus.com/venezuela-petro-cryptocurrency-backed-crypto-the-petro/
I give them not more than 5 years, too :)

There is only single currency in this world that is backed by input energy:
https://medium.com/capriole/the-energy-standard-b726edeed588

jk_14

But it will be backed by energy. Could be different

TomK

news

BRICS Expansion: A Powerful Energy Bloc Assumes Shape

Bretton Woods (i.e. between countries that theoretically had a "trust" to each other) - assures us that in case of BRICS their potential gold backed currency - will be a very short-term episode ;)