15 Mar 2024 12:43 pm
You want to stop the Jews ?Skans » 15 Mar 2024, 12:28 pm » wrote: ↑ Why do you need US currency to be backed buy gold? Just go out and exchange your Dollars for Gold. The laws that prohibited people from accumulating gold were abolished in the early 1970's. Seriously, you can keep a minimal amount of your money in US dollars and the rest in Gold. I simply don't understand why currency not being backed by gold is a problem for anyone, so long as people are allowed to own physical gold.
As for "credit schemes" - I'm not sure what you're referring to. And, "predatory lending" - don't know what you mean here either. Interest rates over 20%? Yeah, I'd agree, that would be predatory lending. Should be restricted. At some point a "loan" is no longer a loan. It becomes indentured servitude or an unwanted capital partner.
You topple the US dollar as the world's reserve currency ....
and that is exactly what is happening right now in real time by the BRICS nations .....
and as for gold ....backing our money .....once the Jews are beaten down ....and the dollar falls...
well...
Inflation is rare and hyperinflation doesn't happen because the money supply can only grow if the supply of gold reserves increases.
Similarly, the gold standard can provide fixed international rates between countries that participate and can also reduce the uncertainty in international trade.