"Unit": the BRICS financial token with fractal design

Geopolitics
#1

I’ve listened to last audio of the solari report and I think there was a misconception about the role of the BIS in the new BRICS financial system. The mbridge system is not controlled by the BIS but the latter is a member otherwise the system wont take off. A better source to understand what the gameplan is would be the whitepaper of the “Unit” cryptocurrency.

The project is a Russian Idea built and implemented in Hong Kong by the Chinese. The plan is to give every country as much flexibilty as possible in implementing things like capital controls or industrial policy.

Link to the paper:
https://wp.unitfoundation.org/

1 Like
#2

With all the discussion about re-valuing gold, backing (partial) of some form of US currency or bonds with gold (partial) of recent days, when I spotted this previously ignored report on ‘the unit’ (of BRICS international settlement) it seems appropriate to bring this back to the discussion.

The core asset in a ‘unit’ is gold…40% of the value of the unit…the remainder of the unit is negotiable (oil, wheat, metals/ores etc).

Interestingly, the old Swiss franc was also backed 40% by gold. Seems to be a common percentage to retain confidence in the currency.

The question now is will the US try to compete with the ‘unit’ to retain a position in world trade settlements? How much gold to mimic the 40% ratio that seems to be the norm?

If using the advertised 8,500 or so tons it might be one valuation of gold ($65K/oz?). If the aircraft flying (rumored) gold from Vatican vaults…plus the recovered Yamashita gold (CIA asset…whatever’s left of it after funding off the books programs) …in other words if there’s lots more gold than is on the US books the gold price per oz could be much less.

These are interesting times.