10 sats \ 4 replies \ @Undisciplined OP 31 Oct \ parent \ on: Gold Is Back—And So Is Judy Shelton econ
That's certainly true in the long-run. In the short term, they may be looking for a sound money strategy to pull capital out of the dollar reserve system, though. They're also looking for mechanisms to increase confidence in the bloc amongst the members.
Once they have commitments from their members, I'm sure cheating will become rampant.
write
preview
15 sats \ 2 replies \ @Akg10s33 31 Oct
If that is true, they first want to gain the trust and credibility of those who are there... I think that gaining Putin's trust and pulling Russia along must not be an easy task😅
reply
6 sats \ 0 replies \ @Rothbardian_fanatic 31 Oct
Why do you say that? Is the Russian state any more or less trustworthy than the US state? They all look the same to me!
reply
0 sats \ 0 replies \ @Rothbardian_fanatic 31 Oct
You’ll notice that he seems to be keen to put gold in as about half of the value of the units. It might not take a whole lot of trust.
reply
4 sats \ 0 replies \ @Rothbardian_fanatic 31 Oct
Of course! People who lie and cheat, steal and kill, can only be expected to debase the money. it is nothing but a con-game by THEM, on us. With force, they can work it every time successfully, until they milk it dry.
reply