Sidechat icon
Join communities on Sidechat Download
The dollar isnt backed by shit but thoughts and prayers. If brics is actually successful, we’re fucked.
upvote 8 downvote

default user profile icon
Anonymous 21w

I mean, oil and gold are traded in the dollar, that’s a large part of the reason why it’s the global reserve currency

upvote 1 downvote
default user profile icon
Anonymous 21w

Commodity economies have their flaws. In 2026 it’s impossible to have a gold-backed one be sustainable with population growth. Deflation is also bad. Silver would’ve been more sustainable in the long run, but even that has its issues. It’s also not pre-1930 anymore and we have actual industrial uses for precious metals

upvote 0 downvote
default user profile icon
Anonymous replying to -> #1 21w

And thats part of the reason Brics exists. They’re already allowing oil to be paid for in other currencies.

upvote 1 downvote