Message from @Pinochet
Discord ID: 519979896928206848
China and russia are planning on making a single gold backed currency to be shared between the two
literally no currencys are backed by gold
the gold standard was lost ages ago
Lybia's currency is backed by gold
but its worthless due to war
No it's not
lol
dude
you do not understand economics
no offense
you wouldn't be making these claims
No countries backed by gold currency.
^^^
Another source
No country. Is on gold standard. Anywhere. In the world.
^^^^^
ty
Last country was Swiss Franc in 2000.
According to quora atleast.
A
We need the gold standard
Prevents massive borrowing and inflation
nope
thank you
Fiat currency is terrible
Return to the gold standard and abolish the fed
What if the nation's total wealth and gold supply do not grow at the exact same rate?
What if the US actually has the biggest stockpile of gold on the planet, and reverting to the gold standard gives them new and exciting ways to jew the economy like never before?
Not to mention how much entrepreneurship relies on readily available loans. Changing to hard currency would change our entire civilization.
Firstly it will, but if it does it doesn’t matter. Increasing money supply =/= economic growth
Secondly what do you mean by “jew” lmao?
And that’s not how it works, creating cheap to funnel an artificial boom is bad for the economy. A gold standard would reduce inflation and maintain a strong monetary policy which is good.
What the
Hell
Big know, smol write, cant be bothered to w4aste my eyesight
