Gold Will Wipeout the Keynesian Beliefs

Western democracies are unprepared for the impending shift from the fiat dollar to an alternative international trade settlement system based on commodities, including gold, initiated at the BRICS summit. This move challenges the Keynesian economic theory, promoting production over aggregate demand, and is accelerated by the fiat dollar’s debasement and Russian sanctions. The new gold settlement system will encourage sound economic practices, minimize government spending, and ultimately lead to the demise of fiat currencies, making them the “barbarous relics” as predicted by Keynes.