So if Gold was the new money standard then how would you buy more gold, with GOLD?
2023 Mar 26, 10:59am 20,783 views 189 comments
Also with digital currency, if there wasn't any fiat money how would you acquire tokens?
« First « Previous Comments 189 - 189 of 189 Search these comments
189
Reality
2023 Apr 4, 5:23am
Tenpoundbass says
The loans were made in fiat dollars; why would there be any need to pay back in gold? OTOH, under sound money system, those treasonous acts of shipping American jobs (and more importantly, American manufacturing bases) overseas would have been stopped a long time ago . . . and the huge highly centralized empires like China and Russia would have collapsed a long time ago because their giant bureaucracies wouldn't be able to survive without export trade adding liquidity to their economies that are constantly being sucked dry by the bureaucrats.
We're not actually giving China Gold are we? What are we giving other countries when they call our loans?
The loans were made in fiat dollars; why would there be any need to pay back in gold? OTOH, under sound money system, those treasonous acts of shipping American jobs (and more importantly, American manufacturing bases) overseas would have been stopped a long time ago . . . and the huge highly centralized empires like China and Russia would have collapsed a long time ago because their giant bureaucracies wouldn't be able to survive without export trade adding liquidity to their economies that are constantly being sucked dry by the bureaucrats.
« First « Previous Comments 189 - 189 of 189 Search these comments
patrick.net
An Antidote to Corporate Media
1,360,594 comments by 15,738 users - KgK one, MolotovCocktail, Tenpoundbass online now