Originally published at: TIDBITS: THIS WEEK'S (EXTREMELY) HONOURABLE MENTIONS
Well this has been one of those weeks where I wish, truly wish, that I had a staff of people as equally curmudgeonly and skeptical of all this wonderful technocracy and swamp that is the modern West so that all of the stories could be blogged about, and no, I don’t think any 'artificial intelligence" could plumb the…
On India rejecting BRICS
Ohh No Gold bugs. Looks like somebody pulled the Rug. The Euro was supposed to rival the US Dollar. The BRICS proposed the exact same gold backed/pegged version for BRICS nation.
The ol’ classic bait and switch. Nobody learned from the Gold-back Euro-Florin in the 1970s in an effort to defeat the dollar. When history wants to repeat, it does it with gusto.
1978: “…the Europeans hope to build a new global monetary order…”
2025: “Euro has ‘clear path’ towards greater reserve currency use, says Eurogroup president.”
I’m telling you these shared prosperity experiments don’t work.