As many are increasingly coming to terms with the ‘obvious failure of fiat currency’, the inevitavble question arises “what next?”
Earlier this year, we discussed the possibility of a Chinese- or Russian-currency backed by gold, amid the increasing calls (domestically and abroad) for an end to USD Reserve hegemony; but this weekend, as Bloomberg reports, Lord Meghnad Desai, chairman of The Official Monetary and Financial Institutions Forum, stated that IMF Special Drawing Rights (SDR) should contain some gold to help stabilize the currency.
Spread the word! LIKE and SHARE this article or leave a comment to help direct attention to the stories that matter. And SUBSCRIBE to stay connected with Fusion Laced Illusions content!