Changing of currencies is extremely profitable to a select few. Because of the collapse in the economy that accompanies this those who have prepared for the change can buy up assets at a tiny fraction of their previous cost. Starving people work long hours at a very low wage without complaint. Rockefeller Center was built during the Great Depression on time and under budget.
The Gold Standard should have remained the standard
- Thread starter Nehemiah6
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Zimbabwe Rolls Out New Gold-Backed Currency to Tackle Economic Turmoil | Firstpost Unpacked
When you lose trust you have no choice but to go to a gold backed currency. There are many countries in this situation. Right now the US dollar is by far the most trustworthy regardless of the debt and spendthrift policies. However, a surprise attack on the US will cause BRICS gold backed security to skyrocket as the US dollar collapses as an option.
When you lose trust you have no choice but to go to a gold backed currency. There are many countries in this situation. Right now the US dollar is by far the most trustworthy regardless of the debt and spendthrift policies. However, a surprise attack on the US will cause BRICS gold backed security to skyrocket as the US dollar collapses as an option.
