4 ms·

Outstanding piece. If true, it is an interesting window to the intervention of the 'Pax Americana' of our era. I wonder who will be next?

• Arnt 3y ago
  It's not true. The giveaway is right at the start — "to prevent Gaddafi founding an African central bank with its own gold-backed currency" If he wanted to found such a thing, he'd either have to do it alone or with some other countries. Alone doesn't make sense (he already had a central bank), so it must've been with others. It says "African". Do you really think the negotiations to found such a bank wouldn't be news? Second, it says gold-backed. That's a promise to keep the price of gold fixed. If a central bank also attempts something else, such as keeping the exchange rates stable, then a fixed gold price is an invitation to speculators.
  • jasonvorhe 3y ago
    > Do you really think the negotiations to found such a bank wouldn't be news? CBDCs aren't really in the news either. So yeah. It's not like reporting about rather complicated foreign financial affairs that's detrimental to US hegemony is well funded or that there's a big audience to be reached.
    • Arnt 3y ago
      I've read about CBDCs severeal times, and a single search found several reports now. The article posits that many governments negotiated about large amounts of gold without any news coverage at all. You don't really believe that those countries would negotiate about who should contribute the gold for backing, and all of them would do it completely in secret.