Episode 116 - Will BRICS Gold be the next global currency?

In August the BRICS nations (Brazil, Russia, India, China and South Africa) are meeting. This trading partnership has at least two items on the agenda -- supposedly forty-one countries are looking to join the BRICS league. And Russia appears to be saying that a gold backed currency will be introduced for trading. If this proves true, it could impact the use of the US dollar as a reserve currency in a major way. How does Bitcoin fit into all this? Let's discuss!!News and Links Bitcoin Network To Reduce More Emissions Than Energy Sources ProduceBelarus to ban P2P crypto transactionsHow long will the US dollar be the reserve currency?A partial list of countries applying for membership:AlgeriaArgentinaBahrainBangladeshBelarusEgyptIndonesiaIranKazakhstanMexicoNicaraguaNigeriaPakistanSaudi ArabiaSenegalSudanSyriaUAEThailandTunisiaTurkeyUruguayVenezuelaZimbabweBlock height at time of recording: 798,058Podcasting 2.0 Apps Available at http://newpodcastapps.com/ and Value4Value information page available here: https://value4value.info/I can be reached by email at [email protected] and on twitter at @McIntoshFinTech. My mastodon handle is @[email protected]. I'm also on matrix at @mcintosh1775:matrix.org. Looking forward to hearing from you!Websitehttps://gen-btc.comMusic CreditsProtofunk by Kevin MacLeodLink: https://incompetech.filmmusic.io/song/4247-protofunkLicense: https://filmmusic.io/standard-licenseThe following music was used for this media project:Music: Ethernight Club by Kevin MacLeodFree download: https://filmmusic.io/song/7612-ethernight-clubLicense (CC BY 4.0): https://filmmusic.io/standard-licenseArtist website: https://incompetech.comWebsite https://satoshis-plebs.com Podcasting 2.0 Apps available at http://podcastapps.com and Value4Value information page available here: https://value4value.info I can be reached by email at [email protected] and on Twitter at @McIntoshFinTech. My mastodon handle is @[email protected]. Looking forward to hearing from you!