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Just my opinion. Soon or later we will have to return all the currencies to the gold standard. The current in debt monetary system is unsustainable.
by hukep 11y ago
Just my opinion. Soon or later we will have to return all the currencies to the gold standard. The current in debt monetary system is unsustainable.
- anon4 11y agoGold is not inherently valuable. It's useless. That's why it was used to mint coins in the past, plus the fact that it's hard to get means counterfeiting is hard. Then people started attaching some mystical value quality to gold itself. Debt, however, is valuable. It's a direct expression of things owed and I very much like being owed stuff. Especially when I can choose what that stuff is later at my convenience.