11 sats \ 2 replies \ @siggy47 OP 10 Jul 2023 \ parent \ on: Will gold pave the yellow BRICS road? bitcoin
You and I are obviously just speculating here, but if it's convertible for even a short time it will do substantial damage to the dollar. Russia, China, and Iran are really in an economic war with the US, and this would be the nuclear option. Last time this happened in Libya with Gaddafi just threatening a gold backed Africa coin, he wound up dead and the country is still a mess. The US would make it kinetic, I fear.
write
preview
40 sats \ 1 reply \ @nkmg1c_ventures 10 Jul 2023
Yeah people always seem to forget that Gaddafi was knifed in the ass for pretty much daring only to do this. The rest of his misdeeds were all entirely forgivable. Kind of telling that one of the first things the "rebels" wanted was a central bank system friendly to the West.
reply
11 sats \ 0 replies \ @siggy47 OP 10 Jul 2023
Exactly
reply