The Golden East vs The Paper West: Gold vs the Dollar

Despite the hollow ideology of Trump against the Chinese as well as the hysteria over Clinton and Russia, the American public is unmoved. The real source of the animosity is that Russia and China no longer accept the dollar.

Not only do Russia and China want to trade in local currencies but they want these currencies to be backed by gold. The author’s attempt to bring  BRICS into the picture is a case of counting his chickens before they are hatched. It is far from clear whether Brazil, India or South Africa have the political might to go off the dollar.

Read in RT

Image from Russia Insider

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

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