BRICS Wants What the West Abandoned
VRIC Media Jun 26, 2026
Summary
Bill Holter argues BRICS plans for a commodity-backed currency would restore real settlement absent since 1971.
Talks describe 20-40% backing by gold, with silver, other metals, and the oil complex also in the basket.
Holter expects the monetary system to change, ending the post-1971 era without a currency offering real commodity settlement.
Bill Holter's takeaways
- Top takeaway Argues the BRICS have called for a new currency with real commodity backing, including 20 to 40% backing in gold, as of June 2026.
- Says silver, other metals, other commodities and the oil complex would also be part of the proposed backing.
- Contends that since 1971 no currency in the West, or anywhere in the world, has offered real settlement, which is why the BRICS want a real currency.
- Concludes the global monetary system is obviously headed for change.