Article hit a paywall. Having a currency that is actually backed by commodities like the BRICs IMO sounds like a good thing to me. It could lead to the end of the bondage of US citizens. Our currency is not backed by gold, silver, or the petro dollar. What is US federal reserve note backed by? ....? The US fiat currency "dollar" is backed by your future earnings. At birth a birth certificate is formed. This is a warehouse receipt showing that you are property of the US government. Your future earnings have been estimated and bonds are produced for which you are the collateral. These bond are sold to bondholders at a discounted rate. You personally are held responsible to pay the interest on these bonds to the bondholders. These are the taxes that you pay. You are being held in "bondage". The 13th amendment only allows voluntary servitude. You can volunteer out.