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Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems

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...

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Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems
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. […]

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