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21 sats \ 2 replies \ @Undisciplined 8h \ on: What is the BRICS ‘UNIT’ – and could it really challenge the US dollar? econ
If they make a peg to gold even slightly believably, then it could damage the dollar. I doubt anyone will believe a peg until it survives a real test, though.
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69 sats \ 1 reply \ @spiderman OP 8h
What is a real test anyway? Anyone would be an absolute moron to believe it.
I don't even believe the Hong Kong dollar peg against USD, let alone some corruption governments' peg against gold.
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2 sats \ 0 replies \ @Undisciplined 8h
It would have to be similar to what Nixon faced, but they'd have to actually make good on the redemption.
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