Ken Ivory, a member of the Utah House of Representatives, posted a series of tweets on December 9, 2025, discussing global economic trends and concerns about U.S. fiscal policy.
In his first tweet at 00:25 UTC, Ivory addressed the role of gold in international trade among BRICS nations, stating: “BRICS’ Strategic Answer to Dollar Debasement: The Gold-Backed Unit. The Unit uses gold to support trade between BRICS nations. What drives this trend? 1. U.S. deficit spending; 2. Geopolitical fragmentation; 3. Elevated inflation; 4. Declining USD purchasing power; 5. Rising gold”.
A few minutes later, at 00:29 UTC, he followed up with another post referencing the scale of U.S. borrowing: “The largest payday borrower in world history…! #DebtIsBondage #SwindlingFuturity https://t.co/POAJYSwRiJ”.
At 00:34 UTC, Ivory quoted Voltaire and expressed skepticism toward fiat currency systems by writing: “Yikes! This image is worth more than a thousand words…. “Paper money eventually returns to its intrinsic value —- zero.” Voltaire (1694-1778) @utahhousereps @utahsenate #utpol #utleg #constitutionalmoney #goldismoney #debtisbondage https://t.co/Ya43MxZtRY”.
Ivory’s remarks come amid ongoing discussions about global shifts away from reliance on the U.S. dollar for international transactions and increasing interest in alternative assets like gold for trade settlement among emerging economies such as those in BRICS—a bloc comprising Brazil, Russia, India, China, and South Africa—who have explored initiatives to create new payment systems backed by tangible assets rather than fiat currencies.
The issues highlighted by Ivory reflect broader debates over rising U.S. government debt levels and persistent inflationary pressures that have prompted some countries to seek alternatives to the dollar in an effort to mitigate exposure to potential depreciation or instability associated with American fiscal policies.
