Dedollarization is Real – Russia Announces Gold-Backed BRICS Currency Officially

Since our last video on dedollarization we’ve seen a lot of debate about dedollarization. Critics and pundits are split on whether it’s occurring, it’s likely effects and timelines. Some are denying its future impact, and have cited misleading statistics and facts. So in today’s episode we’re myth-busting some of the more common ones we’ve seen.

Update: since this video was produced, a number of events have unfolded worldwide. Russia has officially announced that the BRICS coalition is creating a currency – and that it will be backed by gold. We will produce a future video as this news develops.

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