One major factor people miss about a gold standard is population . The more people buying and selling and getting weekly pay ckecks, the more currency that is needed . A gold standard backing that type of system, the price of gold would be 100 times what it is today . Who ever controled the gold would have too much power . Especially if they decided to take the gold off the market. It is bad enough with the amount of money that just sits in bank accounts, just collecting interest . Money must stay in circulation to keep the economy functioning properly . Limiting how much money is printed is important, but it is just as important for money to stay in circulation . Once money is taken out of circulation, more has to be printed just to keep the wheels turning .
Heads up boys The new Brics dollar will be released by next year via the new development bank will be backed by Commodities and Precious metals Will be vallued at $ 125 USD FOR $ 1 BRICS DOLLAR GOOD LUCK And The Petro Brics dollar will Be launched 2025 – 2026 Via The Saudis /opec + 😊😊😊😊
97% of the money that's created new is by the people that use credit by agreeing to the terms of the borrowed money with their own signature
The money is legal tender which is debt
stop voting Democrat!
Pure TRUTH!!!
One major factor people miss about a gold standard is population . The more people buying and selling and getting weekly pay ckecks, the more currency that is needed . A gold standard backing that type of system, the price of gold would be 100 times what it is today . Who ever controled the gold would have too much power . Especially if they decided to take the gold off the market. It is bad enough with the amount of money that just sits in bank accounts, just collecting interest . Money must stay in circulation to keep the economy functioning properly . Limiting how much money is printed is important, but it is just as important for money to stay in circulation . Once money is taken out of circulation, more has to be printed just to keep the wheels turning .
Heads up boys
The new Brics dollar will be released by next year via the new development bank will be backed by Commodities and Precious metals Will be vallued at
$ 125 USD FOR $ 1 BRICS DOLLAR GOOD LUCK
And The Petro Brics dollar will
Be launched 2025 – 2026
Via The Saudis /opec + 😊😊😊😊