Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems

Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems



Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. […]



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest