I’ve been thinking about how one might move away from the dollar—without abandoning it as a unit of account for valuing resources and goods—and a brilliant idea occurred to me.If the BRICS nations truly wanted to break free from their dependence on the dollar, they could do so as early as tomorrow by introducing what I’d call a "Projection Token." In practice, nothing would change regarding how these countries conduct their settlements—except for the creation of a unified resource bank. This bank would calculate values pegged to the dollar, yet the dollar itself—in either physical or electronic form—would never actually be used. In essence, this would eliminate the dollar’s influence as a global currency, as well as the impact of its exchange rate.The actual dollar exchange rate itself is not what matters; what matters is the mechanism used to project and calculate value. It works like this: when China trades with the U.S., it uses the dollar—fine, nothing changes there. But when China trades with, say, Brazil, the actual dollar is not used between them. Instead, they use a "resource-based, projection-style pricing token" that is pegged to the value of the dollar. Essentially, this functions as a barter-based instrument—a commitment to exchange a raw resource for a finished manufactured product.In this way, the economies of the BRICS nations can remain independent—there is no need to implement a unified currency, such as the euro in the European Union or the dollar. Instead, it would suffice to establish a specific type of institution: a "Barter-based Token Projection Bank." Crucially, this entity would not deal in futures, but rather in actual transactions and binding commitments involving goods and resources.------------------------------------------In this way, it is possible to strip the dollar of its status as a global currency—without actually getting rid of it as a means of valuing things.
