Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. […]
![Putin Criticizes US Dollars Lack of Gold Backing Calls for - EdaFace Newsfeed Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems](https://news.edaface.com/uploads/2024/06/1718605245_Putin-Criticizes-US-Dollars-Lack-of-Gold-Backing-Calls-for-960x540.png)