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Parent Post: China Said The Quiet Part Out Loud.
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H
hyokkim
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8/31/2026, 5:35:39 PM
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Again, it comes back to the question I've been asking and you've been dodging: How do you know the reserve currency is backed by the gold reserves as claimed by China/BRICS? No independent audit. Without the independent audit; China is going to cheat, just like she's been cheating on GDP. Whatever comes out of BRICS will fail.
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rick
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8/31/2026, 6:04:24 PM
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ok thanks
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H
hyokkim
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8/31/2026, 6:14:00 PM
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Dude, I am not defending USD/SWIFT; I do agree with you they need to be replaced by superior system; I do agree that U.S. has been abusing her privilege of issuer of the only reserve currency for the last 3 decades and more. But whatever the system replacing USD/SWIFT needs to be superior; BRICS/China ain't it.
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