Powell: “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar”
(theconservativetreehouse.com)
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Those are great points. As an addendum gold has ALWAYS had good value and its value has has not really changed in over 4000 years. In Roman times, it was said an once of gold would buy a very good suit of clothes. Gold ihas shown itself as being God's currency.
Throughout history all paper denominations ended up being worthless.
100% fren, thank you. And back to your example from Roman times, a day's wage was about 1/10 of an ounce of silver or about the size of a dime. To tie that back into the bigger picture, a quote:
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” ― Norm Franz
Sounds quite right. They knew.