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96 sats \ 1 reply \ @Enemy_of_the_state 11 Jul \ on: Uganda Is Also Shifting To The Gold Standard news
Unless the currency is exchangeable for gold in a bank, it’s not a gold standard. It’s a nebulous “backing” that requires trust when there is none currently.
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10 sats \ 0 replies \ @TomK OP 11 Jul
they have to desperately keep some door open in order to be able to inflate away their debts in the end. looks like it, yes
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