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Now you know why so many countries want to leave the dollar system. There are no meaningful constraints on the supply of dollars. Gold at least places real con
by MisterMower 10mo ago
Now you know why so many countries want to leave the dollar system. There are no meaningful constraints on the supply of dollars.
Gold at least places real constraints on the growth of the money supply. Imperfect as it is, it’s better than a financial cabal in one country creating money to suit their needs irrespective of any other objective.
- nutjob2 9mo agoRight, that's why exactly one country, Zimbabwe, has a currency that is gold convertible.
- MisterMower 9mo agoYou’re so close to understanding. Remind me what happened before their currency became gold convertible?