First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/08/29/gold-will-destroy-the-keynesian-fallacies-002815
<p><img src='https://www.moneymetals.com/uploads/content/gold-will-destroy-the-keynesian-fallacies-social.jpg'/></p>Leaders of the Western democracies are unprepared to deal with the forces that will end the fiat dollar&#039;s dominance as the preferred medium of international trade settlement, in place since the end of the Bretton Woods Agreement in 1971. The BRICS summit, currently taking place in Johannesburg, South Africa, is expected to include an agreement on a first step toward establishing an alternative international trade settlement system based on commodities, which would certainly include gold.