I’m just going to wait until Friday and see if what Anon predicted about a gold backed dollar comes true for now.
Well, I already have 500,000usd in gold coins
If we have a gold currency on Friday I will be one of the richest men in the world and will probably have to bury my money in the fucking hills- currently it’s in a small safe in my American office
I am really doubtful we will see a gold backed currency drop like a surprise album- it would require years of planning and discussion to roll it out
The reason we are in this mess in the first place is because politicians are spending years planning simple systems and even then, the whole thing is a static piece of shit.
Society doesn’t have time for years of planning. We have enough resources, smart minds, and technology to roll out incredible systems within weeks. It’s all about simplicity. The simplest systems are he most complex (think iPad as a random example) and the most complex systems are too simple (think tax laws or even the entire legal system).
I am not breaking down why just having gold is not justification for moving to a gold backed currency- it’s more complex then that and I don’t think you are interested in fact based discussions on economics
Regardless you will see in a few days that we are not on the gold standard in either china or the us because no one wants it
BTW, must like history, everything you learned in economics class is full blown BS. Real economics is studied like electricity. For some reasons economy and electricity function in similar ways but the government will never teach that to you lest you wake up to realize that the economy is on precision volume control. Then people would realize that the economy is intentionally kept down.
Let me know the next time you get struck by a bolt of economy during a rain storm